10-K Filing

RIOT PLATFORMS, INC. CIK: 1167419 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001079973-17-000206`
Period End Date	20161231
Filing Date	20170331
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	biop-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 32 Cash Flow Statement 64 Stockholders Equity 16

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.54M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.53M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.88M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.50M	shares	Point-in-time
Short-term investments (Note 1)	`ShortTermInvestments`	$7.51M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time
Short-term investments (Note 1)	`ShortTermInvestments`	$14.15M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.54K	USD	Point-in-time
Inventories (Note 2)	`InventoryNet`	$415.85K	USD	Point-in-time
Inventories (Note 2)	`InventoryNet`	-	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$286.50K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$251.78K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.74M	USD	Point-in-time
Property and equipment, net (Note 3)	`PropertyPlantAndEquipmentNet`	$1.95M	USD	Point-in-time
Property and equipment, net (Note 3)	`PropertyPlantAndEquipmentNet`	$41.13K	USD	Point-in-time
Intangible rights acquired (Note 2)	`IntangibleAssetsNetExcludingGoodwill`	$1.85M	USD	Point-in-time
Intangible rights acquired (Note 2)	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Long-term investments (Note 1)	`LongTermInvestments`	$972.00K	USD	Point-in-time
Long-term investments (Note 1)	`LongTermInvestments`	-	USD	Point-in-time
Other long term assets, net (Note 4)	`OtherAssetsNoncurrent`	$1.72M	USD	Point-in-time
Other long term assets, net (Note 4)	`OtherAssetsNoncurrent`	$1.40M	USD	Point-in-time
Other long term assets, net (Note 4)	`OtherAssetsNoncurrent`	$1.52M	USD	Point-in-time
Total assets	`Assets`	$20.86M	USD	Point-in-time
Total assets	`Assets`	$17.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$701.06K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$428.20K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$449.87K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$55.87K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$334.76K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$241.88K	USD	Point-in-time
Notes and other obligations, current portion (Note 5)	`NotesPayableCurrent`	$139.61K	USD	Point-in-time
Notes and other obligations, current portion (Note 5)	`NotesPayableCurrent`	$301.25K	USD	Point-in-time
Deferred revenue, current portion (Note 8)	`DeferredRevenueCurrent`	$96.70K	USD	Point-in-time
Deferred revenue, current portion (Note 8)	`DeferredRevenueCurrent`	$96.70K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.06M	USD	Point-in-time
Notes and other obligations, less current portion (Note 5)	`LongTermNotesPayable`	-	USD	Point-in-time
Notes and other obligations, less current portion (Note 5)	`LongTermNotesPayable`	$1.84M	USD	Point-in-time
Deferred revenue, less current portion (Note 8)	`DeferredRevenueNoncurrent`	$1.16M	USD	Point-in-time
Deferred revenue, less current portion (Note 8)	`DeferredRevenueNoncurrent`	$1.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.79M	USD	Point-in-time
Commitments and contingencies (Notes 8 and 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 8 and 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, no par value, 60,000,000 shares authorized; 4,503,971 (2016) and 3,876,961 (2015) shares issued and outstanding	`CommonStocksIncludingAdditionalPaidInCapital`	$121.65M	USD	Point-in-time
Common stock, no par value, 60,000,000 shares authorized; 4,503,971 (2016) and 3,876,961 (2015) shares issued and outstanding	`CommonStocksIncludingAdditionalPaidInCapital`	$124.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-105.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-109.86M	USD	Point-in-time
Total equity	`StockholdersEquity`	$23.69M	USD	Point-in-time
Total equity	`StockholdersEquity`	$14.92M	USD	Point-in-time
Total equity	`StockholdersEquity`	$16.07M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.86M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$17.04M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Sales (Note 1)	`SalesRevenueGoodsNet`	$9.42K	USD	Annual
Sales (Note 1)	`SalesRevenueGoodsNet`	$101.39K	USD	Annual
Cost of sales	`CostOfGoodsSold`	$30.59K	USD	Annual
Cost of sales	`CostOfGoodsSold`	$3.06K	USD	Annual
Gross profit	`GrossProfit`	$70.80K	USD	Annual
Gross profit	`GrossProfit`	$6.36K	USD	Annual
Other revenue - fee (Note 8)	`LicensesRevenue`	$96.70K	USD	Annual
Other revenue - fee (Note 8)	`LicensesRevenue`	$96.70K	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.76M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.55M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$862.78K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$2.16M	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.41M	USD	Annual
Total operating expenses	`OperatingExpenses`	$8.92M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-6.31M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-8.75M	USD	Annual
Gain on sale of property and equipment (Note 3)	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Gain on sale of property and equipment (Note 3)	`GainLossOnSaleOfPropertyPlantEquipment`	$1.94M	USD	Annual
Interest expense	`InterestExpense`	$30.41K	USD	Annual
Interest expense	`InterestExpense`	$98.96K	USD	Annual
Investment income	`InvestmentIncomeNet`	$82.00K	USD	Annual
Investment income	`InvestmentIncomeNet`	$121.72K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	-	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$8.11K	USD	Annual
Total other (expense) income	`NonoperatingIncomeExpense`	$-8.85K	USD	Annual
Total other (expense) income	`NonoperatingIncomeExpense`	$2.03M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.27M	USD	Annual
Net loss	`NetIncomeLoss`	$-8.76M	USD	Annual
Basic and diluted net loss per share (Note 1)	`EarningsPerShareBasicAndDiluted`	$-1.05	USD	Annual
Basic and diluted net loss per share (Note 1)	`EarningsPerShareBasicAndDiluted`	$-2.26	USD	Annual
Basic and diluted weighted average number of common shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.88M	shares	Annual
Basic and diluted weighted average number of common shares outstanding (Note 1)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.07M	shares	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.27M	USD	Annual
Net loss	`NetIncomeLoss`	$-8.76M	USD	Annual
Stock-based compensation for services	`ShareBasedCompensation`	$1.14M	USD	Annual
Stock-based compensation for services	`ShareBasedCompensation`	$545.55K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$239.33K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$253.82K	USD	Annual
Patent impairment charges	`ImpairmentOfIntangibleAssetsFinitelived`	$188.14K	USD	Annual
Patent impairment charges	`ImpairmentOfIntangibleAssetsFinitelived`	$535.26K	USD	Annual
Amortization of deferred revenue	`RecognitionOfDeferredRevenue`	$96.70K	USD	Annual
Amortization of deferred revenue	`RecognitionOfDeferredRevenue`	$96.70K	USD	Annual
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$1.94M	USD	Annual
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$8.11K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$202.00	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.37K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	-	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$37.04K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-388.33K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-258.61K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-390.36K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$263.55K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-83.52K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$98.82K	USD	Annual
Accrued compensation	`IncreaseDecreaseInAccruedSalaries`	$-159.54K	USD	Annual
Accrued compensation	`IncreaseDecreaseInAccruedSalaries`	$-473.75K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.87M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-5.52M	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$27.18M	USD	Annual
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$16.88M	USD	Annual
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$24.49M	USD	Annual
Sales of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$33.06M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$35.40K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchases of patent and other assets	`PaymentsToAcquireIntangibleAssets`	$26.07K	USD	Annual
Purchases of patent and other assets	`PaymentsToAcquireIntangibleAssets`	$92.03K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.11K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.81M	USD	Annual
Cash acquired in purchase of BDI	`CashAcquiredFromAcquisition`	$16.67K	USD	Annual
Cash acquired in purchase of BDI	`CashAcquiredFromAcquisition`	-	USD	Annual
Acquisition of BDI remaining interest	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$28.80K	USD	Annual
Acquisition of BDI remaining interest	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	-	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$5.79M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$9.35M	USD	Annual
Repayment of notes payable and other obligations	`RepaymentsOfNotesPayable`	$453.78K	USD	Annual
Repayment of notes payable and other obligations	`RepaymentsOfNotesPayable`	$311.11K	USD	Annual
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-453.78K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-311.11K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.52M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.53M	USD	Annual
Cash and cash equivalents, at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.54M	USD	Point-in-time
Cash and cash equivalents, at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Cash and cash equivalents, at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.53M	USD	Point-in-time
Cash and cash equivalents, at end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.54M	USD	Point-in-time
Cash and cash equivalents, at end of year	`CashAndCashEquivalentsAtCarryingValue`	$2.01M	USD	Point-in-time
Cash and cash equivalents, at end of year	`CashAndCashEquivalentsAtCarryingValue`	$5.53M	USD	Point-in-time
Interest	`InterestPaid`	$99.38K	USD	Annual
Interest	`InterestPaid`	$35.52K	USD	Annual
Liability payoffs upon property sale	`LiabilityPayoffsUponPropertySale`	-	USD	Annual
Liability payoffs upon property sale	`LiabilityPayoffsUponPropertySale`	$2.06M	USD	Annual
Value of Common Shares issued for BDI purchase	`StockIssued1`	$2.58M	USD	Annual
Value of Common Shares issued for BDI purchase	`StockIssued1`	-	USD	Annual
Acquisitions of assets for installment obligations	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	$276.64K	USD	Annual
Acquisitions of assets for installment obligations	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	$282.82K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$23.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$14.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$16.07M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	4.50M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time
Stock-based compensation issued for services	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$545.55K	USD	Annual
Stock-based compensation issued for services	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.14M	USD	Annual
Common stock issued for acquisition (Note 2)	`StockIssuedDuringPeriodValueAcquisitions`	$2.58M	USD	Annual
Common stock issued for acquisition (Note 2), shares	`StockIssuedDuringPeriodSharesAcquisitions`	627,010.00	shares	Annual
Net loss for the year	`NetIncomeLoss`	$-4.27M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-8.76M	USD	Annual
Balance	`StockholdersEquity`	$23.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$14.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$16.07M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	4.50M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time

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