10-Q Filing

NEOGENOMICS INC CIK: 1077183 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-214728`
Period End Date	20130331
Filing Date	20130513
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	ngnm-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 31 Cash Flow Statement 54

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.00M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.62M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$10.29M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$11.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.63M	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$238.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.63M	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$182.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.76M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $3,615 and $3,002 respectively)	`AccountsReceivableNetCurrent`	$15.63M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $3,615 and $3,002 respectively)	`AccountsReceivableNetCurrent`	$14.03M	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
Inventories	`InventoryNet`	$1.65M	USD	Point-in-time
Inventories	`InventoryNet`	$1.86M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	45.28M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$841.00K	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$820.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.69M	shares	Point-in-time
Warrants to purchase common stock, shares	`CommonStockSharesOutstanding`	48.69M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$22.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.58M	USD	Point-in-time
Warrants to purchase common stock, shares	`CommonStockSharesOutstanding`	45.28M	shares	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $11,279 and $10,289 respectively)	`PropertyPlantAndEquipmentNet`	$8.04M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $11,279 and $10,289 respectively)	`PropertyPlantAndEquipmentNet`	$8.61M	USD	Point-in-time
INTANGIBLE ASSETS (net of accumulated amortization of $238 and $182, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$2.80M	USD	Point-in-time
INTANGIBLE ASSETS (net of accumulated amortization of $238 and $182, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$2.74M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$83.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$84.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$30.07M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$33.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.61M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$1.89M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$2.81M	USD	Point-in-time
Other accrued expenses and liabilities	`AccruedLiabilitiesCurrent`	$662.00K	USD	Point-in-time
Other accrued expenses and liabilities	`AccruedLiabilitiesCurrent`	$669.00K	USD	Point-in-time
Short-term portion of equipment capital leases	`CapitalLeaseObligationsCurrent`	$2.28M	USD	Point-in-time
Short-term portion of equipment capital leases	`CapitalLeaseObligationsCurrent`	$2.21M	USD	Point-in-time
Revolving credit line	`LinesOfCreditCurrent`	$4.19M	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`	$11.95M	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`	$2.84M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$14.79M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$20.86M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, (100,000,000 shares authorized; 48,685,947 and 45,280,280 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively)	`CommonStockValue`	$49.00K	USD	Point-in-time
Common stock, $.001 par value, (100,000,000 shares authorized; 48,685,947 and 45,280,280 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively)	`CommonStockValue`	$45.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$31.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$41.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$9.22M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.83M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$33.62M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$30.07M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
NET REVENUE	`SalesRevenueServicesNet`	$15.66M	USD	1 Quarter
NET REVENUE	`SalesRevenueServicesNet`	$15.16M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$8.02M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$8.41M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$7.14M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$7.25M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.17M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.75M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$835.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$497.00K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$2.04M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.93M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.28M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.94M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$861.00K	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$305.00K	USD	1 Quarter
INTEREST INCOME (EXPENSE) - NET	`InterestExpense`	$258.00K	USD	1 Quarter
INTEREST INCOME (EXPENSE) - NET	`InterestExpense`	$285.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$603.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.00K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$17.00K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$603.00K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$3.00K	USD	1 Quarter
- Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
- Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
- Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
- Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
- Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44,697.00	shares	1 Quarter
- Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46,264.00	shares	1 Quarter
- Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47,424.00	shares	1 Quarter
- Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	50,923.00	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$603.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$839.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$741.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$14.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$56.00K	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$990.00K	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$749.00K	USD	1 Quarter
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$12.00K	USD	1 Quarter
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$9.00K	USD	1 Quarter
Stock-based compensation - options	`StockOptionPlanExpense`	$105.00K	USD	1 Quarter
Stock-based compensation - options	`StockOptionPlanExpense`	$254.00K	USD	1 Quarter
Stock-based compensation - warrants and restricted stock	`RestrictedStockExpense`	$189.00K	USD	1 Quarter
Stock-based compensation - warrants and restricted stock	`RestrictedStockExpense`	$46.00K	USD	1 Quarter
(Increase) decrease in accounts receivable, net of write-offs	`IncreaseDecreaseInAccountsReceivable`	$2.33M	USD	1 Quarter
(Increase) decrease in accounts receivable, net of write-offs	`IncreaseDecreaseInAccountsReceivable`	$3.63M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-214.00K	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$109.00K	USD	1 Quarter
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-7.00K	USD	1 Quarter
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$35.00K	USD	1 Quarter
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-1.42M	USD	1 Quarter
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$300.00K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-1.06M	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-1.33M	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.04M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$277.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$239.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-239.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.31M	USD	1 Quarter
Restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$200.00K	USD	1 Quarter
Advances (repayments) on credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-4.27M	USD	1 Quarter
Advances (repayments) on credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$2.79M	USD	1 Quarter
Repayments of capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$555.00K	USD	1 Quarter
Repayments of capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$570.00K	USD	1 Quarter
Issuance of common stock and warrants for cash, net of transaction costs	`ProceedsFromIssuanceOrSaleOfEquity`	$74.00K	USD	1 Quarter
Issuance of common stock and warrants for cash, net of transaction costs	`ProceedsFromIssuanceOrSaleOfEquity`	$9.17M	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$2.51M	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$4.33M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.76M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$128.00K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.63M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.63M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.76M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.63M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.63M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.76M	USD	Point-in-time
Interest paid	`InterestPaid`	$250.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$274.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$17.00K	USD	1 Quarter
Equipment leased under capital leases	`CapitalLeaseObligationsIncurred`	$1.17M	USD	1 Quarter
Equipment leased under capital leases	`CapitalLeaseObligationsIncurred`	$381.00K	USD	1 Quarter
Non-cash intangible asset purchase	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	$1.95M	USD	1 Quarter

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