10-Q Filing

ACCELERATE DIAGNOSTICS, INC CIK: 727207 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001000096-15-000054`
Period End Date	20150630
Filing Date	20150731
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	axdx-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 76 Cash Flow Statement 55

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
Common Stock, shares authorized	`CommonStockSharesAuthorized`	55.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	44.64M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.23M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	44.71M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	44.64M	shares	Point-in-time
Investments	`Investments`	$13.12M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	44.71M	shares	Point-in-time
Investments	`Investments`	$13.03M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Trade accounts receivable	`ReceivablesNetCurrent`	$143.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Trade accounts receivable	`ReceivablesNetCurrent`	$78.00K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$342.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$1.03M	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
Total current assets	`AssetsCurrent`	$49.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$67.10M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.75M	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
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$167.00K	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$162.00K	USD	Point-in-time
Total assets	`Assets`	$69.80M	USD	Point-in-time
Total assets	`Assets`	$53.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.13M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$494.00K	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.16M	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`	$87.00K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligations`	$147.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.00M	USD	Point-in-time
Long-term deferred income	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$1.01M	USD	Point-in-time
Long-term deferred income	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$1.00M	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`	$4.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.81M	USD	Point-in-time
Common stock, $0.001 par value; 55,000,000 common shares authorized 44,708,711 (as of June 30, 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 common shares authorized 44,708,711 (as of June 30, 2015) and 44,639,829 (as of December 31, 2014) shares issued and outstanding	`CommonStockOtherValueOutstanding`	$45.00K	USD	Point-in-time
5,000,000 preferred shares authorized and none outstanding as of June 30, 2015 and December 31, 2014	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
5,000,000 preferred shares authorized and none outstanding as of June 30, 2015 and December 31, 2014	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapitalCommonStock`	$135.87M	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapitalCommonStock`	$131.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-65.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-86.57M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxDebtSecurities`	$3.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxDebtSecurities`	$7.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$65.99M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$49.35M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$69.80M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$53.35M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Licensing and royalty revenues	`LicensesRevenue`	$13.00K	USD	1 Quarter
Licensing and royalty revenues	`LicensesRevenue`	$27.00K	USD	2 Qtrs
Licensing and royalty revenues	`LicensesRevenue`	$33.00K	USD	2 Qtrs
Licensing and royalty revenues	`LicensesRevenue`	$19.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$27.00K	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$19.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$33.00K	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$13.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$7.13M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$8.12M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$4.56M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.50M	USD	2 Qtrs
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$4.75M	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$7.62M	USD	2 Qtrs
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$5.49M	USD	2 Qtrs
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$3.45M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$3.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$38.00K	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$19.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$5.00K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$403.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$285.00K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$729.00K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$150.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$13.94M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$12.29M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$21.86M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$8.18M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.16M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-13.91M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-12.27M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-21.83M	USD	2 Qtrs
Interest expense	`OtherCostAndExpenseOperating`	$-3.00K	USD	2 Qtrs
Interest expense	`OtherCostAndExpenseOperating`	$-3.00K	USD	1 Quarter
Interest expense	`OtherCostAndExpenseOperating`	$-3.00K	USD	2 Qtrs
Interest expense	`OtherCostAndExpenseOperating`	$-2.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$33.00K	USD	2 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$16.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$18.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$34.00K	USD	2 Qtrs
Total other income	`OtherNonoperatingIncome`	$13.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncome`	$31.00K	USD	2 Qtrs
Total other income	`OtherNonoperatingIncome`	$16.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncome`	$30.00K	USD	2 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-12.25M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-8.15M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-21.80M	USD	2 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-13.88M	USD	2 Qtrs
Benefit from income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$647.00K	USD	2 Qtrs
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$527.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-12.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.15M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.35M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-21.15M	USD	2 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.27	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.31	USD	2 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.47	USD	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	43,477.00	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	44,678.00	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	42,637.00	shares	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	44,664.00	shares	2 Qtrs
Net loss	`NetIncomeLoss`	$-12.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.15M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.35M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-21.15M	USD	2 Qtrs
Net unrealized (loss) gain on available-for-sale investments	`UnrealizedGainLossOnInvestments`	$-8.00K	USD	1 Quarter
Net unrealized (loss) gain on available-for-sale investments	`UnrealizedGainLossOnInvestments`	$-4.00K	USD	2 Qtrs
Net unrealized (loss) gain on available-for-sale investments	`UnrealizedGainLossOnInvestments`	$2.00K	USD	1 Quarter
Net unrealized (loss) gain on available-for-sale investments	`UnrealizedGainLossOnInvestments`	$6.00K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-8.15M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-21.15M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-13.35M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-12.26M	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.15M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-13.35M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-21.15M	USD	2 Qtrs
Depreciation	`Depreciation`	$729.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$285.00K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$38.00K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$19.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$5.00K	USD	2 Qtrs
Amortization on investment instruments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$124.00K	USD	2 Qtrs
Amortization on investment instruments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$99.00K	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$4.93M	USD	2 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$4.18M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-65.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.00K	USD	2 Qtrs
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-675.00K	USD	2 Qtrs
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-486.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-129.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$496.00K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$197.00K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$657.00K	USD	2 Qtrs
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$-14.00K	USD	2 Qtrs
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$-20.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.80M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.36M	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquireProductiveAssets`	$-729.00K	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquireProductiveAssets`	$-2.16M	USD	2 Qtrs
Purchase of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	$-8.02M	USD	2 Qtrs
Purchase of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	$-4.08M	USD	2 Qtrs
Sales of available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds`	$121.00K	USD	2 Qtrs
Sales of available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds`	$141.00K	USD	1 Quarter
Sales of available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds`	$141.00K	USD	2 Qtrs
Maturity of available-for-sale securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$2.00M	USD	2 Qtrs
Maturity of available-for-sale securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$7.81M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.69M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.23M	USD	2 Qtrs
Issuance of common stock	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$44.98M	USD	2 Qtrs
Issuance of common stock	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Exercise of options	`ProceedsFromStockOptionsExercised`	$730.00K	USD	2 Qtrs
Exercise of options	`ProceedsFromStockOptionsExercised`	$327.00K	USD	2 Qtrs
Payments on capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$-35.00K	USD	2 Qtrs
Payments on capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$-73.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.67M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$254.00K	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.33M	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$35.18M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$65.21M	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`	$35.23M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$65.21M	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`	$35.23M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time

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