10-Q Filing

ACCELERATE DIAGNOSTICS, INC CIK: 727207 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001000096-15-000040`
Period End Date	20150331
Filing Date	20150507
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	axdx-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 38 Cash Flow Statement 52

Balance Sheet 68 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
Common Stock, shares authorized	`CommonStockSharesAuthorized`	55.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.39M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	44.66M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.03M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	44.64M	shares	Point-in-time
Investments	`Investments`	$13.12M	USD	Point-in-time
Investments	`Investments`	$11.06M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	44.66M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	44.64M	shares	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Trade accounts receivable	`ReceivablesNetCurrent`	$92.00K	USD	Point-in-time
Trade accounts receivable	`ReceivablesNetCurrent`	$78.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$473.00K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$342.00K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$647.00K	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$59.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$67.10M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.54M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.51M	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$167.00K	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$165.00K	USD	Point-in-time
Total assets	`Assets`	$69.80M	USD	Point-in-time
Total assets	`Assets`	$63.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.36M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.00M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$494.00K	USD	Point-in-time
Deferred income	`DeferredRevenue`	$13.00K	USD	Point-in-time
Deferred income	`DeferredRevenue`	$13.00K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligations`	$147.00K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligations`	$124.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.50M	USD	Point-in-time
Long-term deferred income	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$1.01M	USD	Point-in-time
Long-term deferred income	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$1.01M	USD	Point-in-time
Long-term capital lease obligation	`LongTermDebtAndCapitalLeaseObligations`	-	USD	Point-in-time
Long-term capital lease obligation	`LongTermDebtAndCapitalLeaseObligations`	$13.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.51M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.81M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 55,000,000 shares authorized 44,657,329 (as of March 31, 2015) and 44,639,829 (as of December 31, 2014) shares issued and outstanding	`CommonStockOtherValueOutstanding`	$45.00K	USD	Point-in-time
Common stock, $0.001 par value; 55,000,000 shares authorized 44,657,329 (as of March 31, 2015) and 44,639,829 (as of December 31, 2014) shares issued and outstanding	`CommonStockOtherValueOutstanding`	$45.00K	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized and none outstanding as of March 31, 2015 and December 31, 2014	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized and none outstanding as of March 31, 2015 and December 31, 2014	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapitalCommonStock`	$133.08M	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapitalCommonStock`	$131.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-74.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-65.42M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxDebtSecurities`	$7.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxDebtSecurities`	$12.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$58.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$65.99M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$63.34M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$69.80M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Licensing and royalty revenues	`LicensesRevenue`	$14.00K	USD	1 Quarter
Licensing and royalty revenues	`LicensesRevenue`	$14.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$14.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$14.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.56M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$6.38M	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$2.87M	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$2.04M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$19.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$2.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$134.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$326.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$5.76M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$9.57M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.75M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-9.56M	USD	1 Quarter
Interest expense	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Interest expense	`OtherCostAndExpenseOperating`	$-1.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$18.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$15.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncome`	$14.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncome`	$18.00K	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-5.73M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-9.54M	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$647.00K	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$527.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.90M	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	44,650.00	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	41,895.00	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-5.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.90M	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`	$5.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-5.20M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-8.89M	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.90M	USD	1 Quarter
Depreciation	`Depreciation`	$134.00K	USD	1 Quarter
Depreciation	`Depreciation`	$326.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$19.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.00K	USD	1 Quarter
Amortization on investment instruments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$58.00K	USD	1 Quarter
Amortization on investment instruments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$47.00K	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$1.66M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$1.76M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.00K	USD	1 Quarter
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-791.00K	USD	1 Quarter
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-104.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-647.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$166.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$125.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$501.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$244.00K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$-4.00K	USD	1 Quarter
Deferred income	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.67M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.96M	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquireProductiveAssets`	$-424.00K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquireProductiveAssets`	$-1.20M	USD	1 Quarter
Purchase of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	$-4.50M	USD	1 Quarter
Purchase of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	$-514.00K	USD	1 Quarter
Sales of available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds`	-	USD	1 Quarter
Sales of available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds`	$107.00K	USD	1 Quarter
Maturity of available-for-sale securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$6.36M	USD	1 Quarter
Maturity of available-for-sale securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Net cash provided (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-938.00K	USD	1 Quarter
Net cash provided (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$761.00K	USD	1 Quarter
Exercise of warrants and options	`ProceedsFromStockOptionsExercised`	$66.00K	USD	1 Quarter
Exercise of warrants and options	`ProceedsFromStockOptionsExercised`	$730.00K	USD	1 Quarter
Rights offering costs incurred	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Rights offering costs incurred	`ProceedsFromIssuanceOrSaleOfEquity`	$-6.00K	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$-36.00K	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$30.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$724.00K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.89M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.17M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.39M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.14M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.03M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.39M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	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`	$30.03M	USD	Point-in-time

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