10-Q Filing

ACCELERATE DIAGNOSTICS, INC CIK: 727207 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001021890-15-000025`
Period End Date	20150930
Filing Date	20151102
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	axdx-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 80 Cash Flow Statement 56

Balance Sheet 66 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`	$57.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.03M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	44.74M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	44.64M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.19M	USD	Point-in-time
Investments	`Investments`	$13.84M	USD	Point-in-time
Investments	`Investments`	$13.12M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	44.74M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	44.64M	shares	Point-in-time
Trade accounts receivable	`ReceivablesNetCurrent`	$742.00K	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, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$342.00K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.15M	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
Total current assets	`AssetsCurrent`	$40.92M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.68M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.54M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$159.00K	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$167.00K	USD	Point-in-time
Total assets	`Assets`	$69.80M	USD	Point-in-time
Total assets	`Assets`	$44.76M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.55M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$494.00K	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.95M	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`	$50.00K	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`	$3.57M	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`	$4.57M	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 common shares authorized 44,738,956 (as of September 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 44,738,956 (as of September 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 September 30, 2015 and December 31, 2014	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
5,000,000 preferred shares authorized and none outstanding as of September 30, 2015 and December 31, 2014	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapitalCommonStock`	$131.36M	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapitalCommonStock`	$137.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-65.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-97.75M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxDebtSecurities`	$7.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxDebtSecurities`	$1.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$40.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$65.99M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$69.80M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$44.76M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Licensing and royalty revenues	`LicensesRevenue`	$16.00K	USD	1 Quarter
Licensing and royalty revenues	`LicensesRevenue`	$49.00K	USD	3 Qtrs
Licensing and royalty revenues	`LicensesRevenue`	$16.00K	USD	1 Quarter
Licensing and royalty revenues	`LicensesRevenue`	$43.00K	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	-	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$76.00K	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	-	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$76.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$16.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$43.00K	USD	3 Qtrs
Total revenues	`SalesRevenueNet`	$92.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$125.00K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$20.00M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$14.07M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$5.95M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$6.50M	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$2.62M	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$4.33M	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$8.12M	USD	3 Qtrs
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$11.95M	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$8.00K	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$18.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$3.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$56.00K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$465.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$1.19M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$251.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$536.00K	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$22.78M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$11.30M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$33.16M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$8.84M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-33.03M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-22.74M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-8.83M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-11.21M	USD	1 Quarter
Interest expense	`OtherNonoperatingExpense`	$-2.00K	USD	3 Qtrs
Interest expense	`OtherNonoperatingExpense`	$-5.00K	USD	3 Qtrs
Interest expense	`OtherNonoperatingExpense`	$-1.00K	USD	1 Quarter
Interest expense	`OtherNonoperatingExpense`	$-2.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$53.00K	USD	3 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$22.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$49.00K	USD	3 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$15.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncome`	$13.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncome`	$44.00K	USD	3 Qtrs
Total other income	`OtherNonoperatingIncome`	$21.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncome`	$51.00K	USD	3 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-11.19M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-22.70M	USD	3 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-32.98M	USD	3 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-8.81M	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$527.00K	USD	3 Qtrs
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$647.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-32.34M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-11.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-22.17M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-8.81M	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.51	USD	3 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.25	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.72	USD	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	43,293.00	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	44,727.00	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	44,685.00	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	44,583.00	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-32.34M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-11.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-22.17M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-8.81M	USD	1 Quarter
Net unrealized loss on available-for-sale investments	`UnrealizedGainLossOnInvestments`	$-6.00K	USD	3 Qtrs
Net unrealized loss on available-for-sale investments	`UnrealizedGainLossOnInvestments`	$-3.00K	USD	1 Quarter
Net unrealized loss on available-for-sale investments	`UnrealizedGainLossOnInvestments`	$-17.00K	USD	1 Quarter
Net unrealized loss on available-for-sale investments	`UnrealizedGainLossOnInvestments`	$-11.00K	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-22.18M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-8.83M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-32.34M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-11.19M	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-32.34M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-11.19M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-22.17M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-8.81M	USD	1 Quarter
Depreciation	`Depreciation`	$1.19M	USD	3 Qtrs
Depreciation	`Depreciation`	$536.00K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$8.00K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$18.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$56.00K	USD	3 Qtrs
Amortization on investment instruments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$229.00K	USD	3 Qtrs
Amortization on investment instruments	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$147.00K	USD	3 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$7.33M	USD	3 Qtrs
Equity-based compensation	`ShareBasedCompensation`	$6.00M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-65.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-664.00K	USD	3 Qtrs
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-642.00K	USD	3 Qtrs
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-547.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$528.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-329.00K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$125.00K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.40M	USD	3 Qtrs
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$-14.00K	USD	3 Qtrs
Deferred income	`IncreaseDecreaseInDeferredRevenue`	$-22.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.99M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-25.24M	USD	3 Qtrs
Purchases of equipment	`PaymentsToAcquireProductiveAssets`	$-2.59M	USD	3 Qtrs
Purchases of equipment	`PaymentsToAcquireProductiveAssets`	$-1.36M	USD	3 Qtrs
Purchase of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	$-12.42M	USD	3 Qtrs
Purchase of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	$-6.61M	USD	3 Qtrs
Sales of available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds`	$125.00K	USD	1 Quarter
Sales of available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds`	$246.00K	USD	3 Qtrs
Sales of available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds`	-	USD	1 Quarter
Sales of available-for-sale securities	`AvailableForSaleSecuritiesGrossRealizedGainsLossesSaleProceeds`	$141.00K	USD	3 Qtrs
Maturity of available-for-sale securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$4.01M	USD	3 Qtrs
Maturity of available-for-sale securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$11.31M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.72M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.56M	USD	3 Qtrs
Issuance of common stock	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$44.88M	USD	3 Qtrs
Issuance of common stock	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Exercise of options	`ProceedsFromStockOptionsExercised`	$730.00K	USD	3 Qtrs
Exercise of options	`ProceedsFromStockOptionsExercised`	$542.00K	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$-110.00K	USD	3 Qtrs
Payments on capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$-71.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$432.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.53M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$27.82M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-28.37M	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`	$30.03M	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`	$25.19M	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`	$30.03M	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`	$25.19M	USD	Point-in-time

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