10-K Filing

NEOGENOMICS INC CIK: 1077183 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001193125-13-068680`
Period End Date	20121231
Filing Date	20130221
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	ngnm-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 32 Cash Flow Statement 52 Stockholders Equity 26

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.15M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.00M	USD	Point-in-time
Property and equipment accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$10.29M	USD	Point-in-time
Property and equipment accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$6.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	-	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$182.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.63M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$500.00K	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
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $3,002 and $2,150, respectively)	`AccountsReceivableNetCurrent`	$14.03M	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $3,002 and $2,150, respectively)	`AccountsReceivableNetCurrent`	$7.89M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.42M	shares	Point-in-time
Inventories	`InventoryNet`	$1.20M	USD	Point-in-time
Inventories	`InventoryNet`	$1.86M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	45.28M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	45.28M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.42M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$954.00K	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$820.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.58M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $10,289 and $6,653 respectively)	`PropertyPlantAndEquipmentNet`	$8.61M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $10,289 and $6,653 respectively)	`PropertyPlantAndEquipmentNet`	$6.64M	USD	Point-in-time
INTANGIBLE ASSETS (net of accumulated amortization of $182 and $0 respectively)	`IntangibleAssetsNetExcludingGoodwill`	$2.80M	USD	Point-in-time
INTANGIBLE ASSETS (net of accumulated amortization of $182 and $0 respectively)	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$129.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$83.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$19.95M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$30.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.53M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$2.14M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$2.81M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$669.00K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$773.00K	USD	Point-in-time
Short-term portion of equipment capital leases	`CapitalLeaseObligationsCurrent`	$2.11M	USD	Point-in-time
Short-term portion of equipment capital leases	`CapitalLeaseObligationsCurrent`	$2.21M	USD	Point-in-time
Revolving credit line	`LinesOfCreditCurrent`	$3.90M	USD	Point-in-time
Revolving credit line	`LinesOfCreditCurrent`	$8.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.44M	USD	Point-in-time
Long-term portion of equipment capital leases	`CapitalLeaseObligationsNoncurrent`	$3.10M	USD	Point-in-time
Long-term portion of equipment capital leases	`CapitalLeaseObligationsNoncurrent`	$2.61M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$20.86M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$14.05M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (SEE NOTE I)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (SEE NOTE I)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, (100,000,000 shares authorized; 45,280,280 and 43,416,200 shares issued and outstanding at December 31, 2012 and 2011, respectively)	`CommonStockValue`	$43.00K	USD	Point-in-time
Common stock, $.001 par value, (100,000,000 shares authorized; 45,280,280 and 43,416,200 shares issued and outstanding at December 31, 2012 and 2011, respectively)	`CommonStockValue`	$45.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$31.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$28.49M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$9.22M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.13M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$30.07M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$19.95M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
NET REVENUE	`SalesRevenueServicesNet`	$59.87M	USD	Annual
NET REVENUE	`SalesRevenueServicesNet`	$43.48M	USD	Annual
COST OF REVENUE	`CostOfServices`	$33.03M	USD	Annual
COST OF REVENUE	`CostOfServices`	$24.06M	USD	Annual
GROSS MARGIN	`GrossProfit`	$26.84M	USD	Annual
GROSS MARGIN	`GrossProfit`	$19.43M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$15.84M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$12.33M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$543.00K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$2.28M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$6.96M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$7.50M	USD	Annual
Total operating expenses	`OperatingExpenses`	$19.84M	USD	Annual
Total operating expenses	`OperatingExpenses`	$25.62M	USD	Annual
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-409.00K	USD	Annual
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$1.21M	USD	Annual
INTEREST AND OTHER INCOME / (EXPENSE) - NET	`InterestExpense`	$1.15M	USD	Annual
INTEREST AND OTHER INCOME / (EXPENSE) - NET	`InterestExpense`	$768.00K	USD	Annual
INCOME (LOSS) BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.18M	USD	Annual
INCOME (LOSS) BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$65.00K	USD	Annual
INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	Annual
INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.18M	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$65.00K	USD	Annual
NET INCOME (LOSS) PER SHARE - Basic	`EarningsPerShareBasic`	-	USD	Annual
NET INCOME (LOSS) PER SHARE - Basic	`EarningsPerShareBasic`	$-0.03	USD	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.03M	shares	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.76M	shares	Annual
NET INCOME (LOSS) PER SHARE -Diluted	`EarningsPerShareDiluted`	-	USD	Annual
NET INCOME (LOSS) PER SHARE -Diluted	`EarningsPerShareDiluted`	$-0.03	USD	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.72M	shares	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.76M	shares	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.18M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$65.00K	USD	Annual
Depreciation and amortization of property and equipment	`Depreciation`	$2.08M	USD	Annual
Depreciation and amortization of property and equipment	`Depreciation`	$3.64M	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$182.00K	USD	Annual
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$38.00K	USD	Annual
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$40.00K	USD	Annual
Stock based compensation - options	`StockOptionPlanExpense`	$575.00K	USD	Annual
Stock based compensation - options	`StockOptionPlanExpense`	$285.00K	USD	Annual
Stock based compensation - warrants and restricted stock	`RestrictedStockExpense`	$223.00K	USD	Annual
Stock based compensation - warrants and restricted stock	`RestrictedStockExpense`	$173.00K	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$2.57M	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$3.05M	USD	Annual
(Increase) decrease in accounts receivable, net of write-offs	`IncreaseDecreaseInAccountsReceivable`	$5.23M	USD	Annual
(Increase) decrease in accounts receivable, net of write-offs	`IncreaseDecreaseInAccountsReceivable`	$9.19M	USD	Annual
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$657.00K	USD	Annual
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$315.00K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-46.00K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$55.00K	USD	Annual
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-96.00K	USD	Annual
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-25.00K	USD	Annual
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$1.67M	USD	Annual
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$1.44M	USD	Annual
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$69.00K	USD	Annual
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-492.00K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.04M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.62M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$897.00K	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-3.65M	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-897.00K	USD	Annual
Advances (repayments) from/to revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$456.00K	USD	Annual
Advances (repayments) from/to revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$4.56M	USD	Annual
Restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$500.00K	USD	Annual
Repayment of capital leases obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$2.19M	USD	Annual
Repayment of capital leases obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.58M	USD	Annual
Issuance of common stock and warrants for cash , net of transaction expenses	`ProceedsFromIssuanceOrSaleOfEquity`	$3.48M	USD	Annual
Issuance of common stock and warrants for cash , net of transaction expenses	`ProceedsFromIssuanceOrSaleOfEquity`	$511.00K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$3.38M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$2.36M	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-760.00K	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.53M	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$2.63M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$2.63M	USD	Point-in-time
Interest paid	`InterestPaid`	$735.00K	USD	Annual
Interest paid	`InterestPaid`	$1.11M	USD	Annual
Equipment leased under capital leases	`CapitalLeaseObligationsIncurred`	$2.95M	USD	Annual
Equipment leased under capital leases	`CapitalLeaseObligationsIncurred`	$2.78M	USD	Annual
Common stock issued for intangible asset purchase	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	$1.95M	USD	Annual

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$5.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$9.22M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.13M	USD	Point-in-time
Common stock issuance ESPP plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$89.00K	USD	Annual
Common stock issuance ESPP plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$153.00K	USD	Annual
Common stock issuance ESPP plan, shares	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	122,401.00	shares	Annual
Common stock issuance ESPP plan, shares	`StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans`	56,805.00	shares	Annual
Transaction fees and expenses	`TransactionFeesAndExpenses`	$38.00K	USD	Annual
Transaction fees and expenses	`TransactionFeesAndExpenses`	$41.00K	USD	Annual
Issuance of stock for stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$367.00K	USD	Annual
Issuance of stock for stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$198.00K	USD	Annual
Issuance of stock for stock options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	382,500.00	shares	Annual
Issuance of stock for stock options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	197,209.00	shares	Annual
Issuance of stock for warrants	`ExerciseOfWarrants`	$262.00K	USD	Annual
Issuance of common stock for cash, net	`StockIssuedDuringPeriodValueNewIssues`	$3.00M	USD	Annual
Issuance of common stock for intangibles	`StockIssuedDuringPeriodValueIntangibles`	$1.95M	USD	Annual
Stock compensation expense - warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$223.00K	USD	Annual
Stock compensation expense - warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$83.00K	USD	Annual
Stock compensation expense - restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$90.00K	USD	Annual
Stock compensation expense - options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$575.00K	USD	Annual
Stock compensation expense - options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$285.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.18M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$65.00K	USD	Annual
Balance	`StockholdersEquity`	$5.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$9.22M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.13M	USD	Point-in-time

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