10-Q Filing

BIOCLINICA INC CIK: 822418 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-035890`
Period End Date	20120331
Filing Date	20120510
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	bioc-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 40 Cash Flow Statement 60 Comprehensive Income 6

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.44M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.57M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$16.83M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$16.35M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.77M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.74M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetCurrent`	$5.24M	USD	Point-in-time
Deferred income tax	`DeferredTaxAssetsNetCurrent`	$5.64M	USD	Point-in-time
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`	36.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$36.31M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	36.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$36.48M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.65M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.66M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$16.19M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$17.10M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.65M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.66M	shares	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$1.66M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$1.81M	USD	Point-in-time
Goodwill	`Goodwill`	$34.30M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	334,613.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	233,913.00	shares	Point-in-time
Goodwill	`Goodwill`	$34.30M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.02M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$818.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$796.00K	USD	Point-in-time
Total assets	`Assets`	$91.36M	USD	Point-in-time
Total assets	`Assets`	$90.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.42M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$4.57M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$5.94M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$13.44M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$13.44M	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesCurrent`	$526.00K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$423.00K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$522.00K	USD	Point-in-time
Current liability for acquisition earn-out	`CurrentLiabilityForAcquisitionEarnOut`	$2.00M	USD	Point-in-time
Current liability for acquisition earn-out	`CurrentLiabilityForAcquisitionEarnOut`	$2.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$24.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$24.01M	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$1.85M	USD	Point-in-time
Long-term capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$1.53M	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesNoncurrent`	$4.50M	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesNoncurrent`	$4.73M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.57M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$32.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$32.14M	USD	Point-in-time
Preferred stock- $.00025 par value; authorized 3,000,000 shares, 0 issued and outstanding at March 31, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock- $.00025 par value; authorized 3,000,000 shares, 0 issued and outstanding at March 31, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $0.00025 par value; authorized 36,000,000 shares, issued and outstanding 15,662,259 shares at March 31, 2012 and 15,649,994 shares at December 31, 2011	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock - $0.00025 par value; authorized 36,000,000 shares, issued and outstanding 15,662,259 shares at March 31, 2012 and 15,649,994 shares at December 31, 2011	`CommonStockValue`	$4.00K	USD	Point-in-time
Treasury stock - at cost, shares held: 334,613 at March 31, 2012 and 233,913 at December 31, 2011	`TreasuryStockValue`	$1.67M	USD	Point-in-time
Treasury stock - at cost, shares held: 334,613 at March 31, 2012 and 233,913 at December 31, 2011	`TreasuryStockValue`	$1.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$49.56M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$50.24M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$10.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.59M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$28.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$54.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$58.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$59.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$90.42M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$91.36M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Service revenues	`SalesRevenueServicesNet`	$18.55M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$16.14M	USD	1 Quarter
Reimbursement revenues	`ReimbursementRevenue`	$4.13M	USD	1 Quarter
Reimbursement revenues	`ReimbursementRevenue`	$3.52M	USD	1 Quarter
Total revenues	`Revenues`	$22.68M	USD	1 Quarter
Total revenues	`Revenues`	$19.66M	USD	1 Quarter
Cost of service revenues	`CostOfServices`	$10.56M	USD	1 Quarter
Cost of service revenues	`CostOfServices`	$11.60M	USD	1 Quarter
Cost of reimbursement revenues	`CostOfReimbursableExpense`	$3.52M	USD	1 Quarter
Cost of reimbursement revenues	`CostOfReimbursableExpense`	$4.13M	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$2.61M	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$1.86M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.22M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.60M	USD	1 Quarter
Amortization of intangible assets related to acquisition	`AmortizationOfAcquiredIntangibleAssets`	$153.00K	USD	1 Quarter
Amortization of intangible assets related to acquisition	`AmortizationOfAcquiredIntangibleAssets`	$156.00K	USD	1 Quarter
Mergers and acquisitions related costs	`BusinessCombinationAcquisitionRelatedCosts`	$103.00K	USD	1 Quarter
Restructuring costs	`RestructuringCharges`	$679.00K	USD	1 Quarter
Total cost and expenses	`OperatingCostsAndExpenses`	$21.10M	USD	1 Quarter
Total cost and expenses	`OperatingCostsAndExpenses`	$19.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$567.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.58M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$4.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$9.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$17.00K	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$560.00K	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.57M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$577.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$209.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$994.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$351.00K	USD	1 Quarter
Basic income per common share	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic income per common share	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Weighted average number of common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	15.64M	shares	1 Quarter
Weighted average number of common shares	`WeightedAverageNumberOfSharesOutstandingBasic`	15.65M	shares	1 Quarter
Diluted income per common share	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted income per common share	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Weighted average number of diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.42M	shares	1 Quarter
Weighted average number of diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.51M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$994.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$351.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.24M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$41.00K	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$126.00K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$341.00K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$424.00K	USD	1 Quarter
Accretion of acquisition earn-out	`AccretionOfAcquisitionEarnOut`	$57.00K	USD	1 Quarter
Gain on sale/leaseback	`GainLossOnSaleLeaseback`	$-22.00K	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$473.00K	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$778.00K	USD	1 Quarter
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$111.00K	USD	1 Quarter
Increase in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$36.00K	USD	1 Quarter
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$23.00K	USD	1 Quarter
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$22.00K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.44M	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$517.00K	USD	1 Quarter
Decrease in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.08M	USD	1 Quarter
Decrease in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.42M	USD	1 Quarter
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-221.00K	USD	1 Quarter
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$6.00K	USD	1 Quarter
(Decrease) increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-26.00K	USD	1 Quarter
(Decrease) increase in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$122.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.35M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.17M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$303.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$259.00K	USD	1 Quarter
Capitalized software development costs	`CapitalizedComputerSoftwareAdditions`	$-1.19M	USD	1 Quarter
Capitalized software development costs	`CapitalizedComputerSoftwareAdditions`	$-977.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.28M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.45M	USD	1 Quarter
Proceeds from sale/leaseback	`SaleLeasebackTransactionNetProceeds`	$515.00K	USD	1 Quarter
Payments under equipment lease obligations	`PaymentsToAcquireEquipmentOnLease`	$40.00K	USD	1 Quarter
Payments under equipment lease obligations	`PaymentsToAcquireEquipmentOnLease`	$104.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$540.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$188.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$286.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$35.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-193.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$157.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$19.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$65.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$74.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-240.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.65M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.44M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.44M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.57M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$10.00K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	$17.00K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$312.00K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$74.00K	USD	1 Quarter
Increase in property, plant and equipment acquisitions in accounts payable	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$530.00K	USD	1 Quarter
Increase in property, plant and equipment acquisitions in accounts payable	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$132.00K	USD	1 Quarter
Equipment purchases under capital lease obligations	`CapitalLeaseObligationsIncurred`	$515.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$994.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$351.00K	USD	1 Quarter
Equity adjustment from foreign currency translation, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$16.00K	USD	1 Quarter
Equity adjustment from foreign currency translation, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$41.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.01M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$392.00K	USD	1 Quarter

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