10-Q Filing

NEOGENOMICS INC CIK: 1077183 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-316554`
Period End Date	20130630
Filing Date	20130802
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	ngnm-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 61 Cash Flow Statement 63

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`	$4.15M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$10.29M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$12.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$293.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $4,147 and $3,002 respectively)	`AccountsReceivableNetCurrent`	$16.00M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $4,147 and $3,002 respectively)	`AccountsReceivableNetCurrent`	$14.03M	USD	Point-in-time
Inventories	`InventoryNet`	$1.74M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$1.86M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.89M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	45.28M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$820.00K	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$784.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.89M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	45.28M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$18.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.16M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $12,341 and $10,289, respectively)	`PropertyPlantAndEquipmentNet`	$8.44M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $12,341 and $10,289, respectively)	`PropertyPlantAndEquipmentNet`	$8.61M	USD	Point-in-time
INTANGIBLE ASSETS (net of accumulated amortization of $293 and $182, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$2.69M	USD	Point-in-time
INTANGIBLE ASSETS (net of accumulated amortization of $293 and $182, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$2.80M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$83.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$170.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$30.07M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$34.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.39M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.61M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$2.29M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$2.81M	USD	Point-in-time
Other accrued expenses and liabilities	`AccruedLiabilitiesCurrent`	$669.00K	USD	Point-in-time
Other accrued expenses and liabilities	`AccruedLiabilitiesCurrent`	$631.00K	USD	Point-in-time
Short-term portion of equipment capital leases	`CapitalLeaseObligationsCurrent`	$2.55M	USD	Point-in-time
Short-term portion of equipment capital leases	`CapitalLeaseObligationsCurrent`	$2.21M	USD	Point-in-time
Revolving credit line	`LinesOfCreditCurrent`	$3.19M	USD	Point-in-time
Revolving credit line	`LinesOfCreditCurrent`	$8.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.76M	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`	$2.96M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$15.02M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$20.86M	USD	Point-in-time
COMMITTMENTS (Note H)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITTMENTS (Note H)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, (100,000,000 shares authorized; 48,888,215 and 45,280,280 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively)	`CommonStockValue`	$45.00K	USD	Point-in-time
Common stock, $.001 par value, (100,000,000 shares authorized; 48,888,215 and 45,280,280 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively)	`CommonStockValue`	$49.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$31.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$41.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.30M	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`	$19.44M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$30.07M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$34.46M	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
NET REVENUE	`SalesRevenueServicesNet`	$30.77M	USD	2 Qtrs
NET REVENUE	`SalesRevenueServicesNet`	$31.26M	USD	2 Qtrs
NET REVENUE	`SalesRevenueServicesNet`	$15.61M	USD	1 Quarter
NET REVENUE	`SalesRevenueServicesNet`	$15.60M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$8.24M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$16.86M	USD	2 Qtrs
COST OF REVENUE	`CostOfServices`	$8.45M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$16.26M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$14.40M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$14.51M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$7.37M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$7.16M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.07M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.24M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.82M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.06M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.45M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.02M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$528.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$616.00K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$3.90M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$1.97M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$3.97M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$1.93M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.81M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$6.65M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.59M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$6.53M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$505.00K	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$839.00K	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$1.70M	USD	2 Qtrs
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$810.00K	USD	2 Qtrs
INTEREST AND OTHER INCOME (EXPENSE) - NET	`InterestExpense`	$232.00K	USD	1 Quarter
INTEREST AND OTHER INCOME (EXPENSE) - NET	`InterestExpense`	$546.00K	USD	2 Qtrs
INTEREST AND OTHER INCOME (EXPENSE) - NET	`InterestExpense`	$517.00K	USD	2 Qtrs
INTEREST AND OTHER INCOME (EXPENSE) - NET	`InterestExpense`	$288.00K	USD	1 Quarter
INCOME BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.15M	USD	2 Qtrs
INCOME BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$273.00K	USD	1 Quarter
INCOME BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$551.00K	USD	1 Quarter
INCOME BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$293.00K	USD	2 Qtrs
INCOME TAXES	`IncomeTaxExpenseBenefit`	$17.00K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$276.00K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$1.15M	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$273.00K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$551.00K	USD	1 Quarter
- Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
- Basic	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
- Basic	`EarningsPerShareBasic`	$0.03	USD	2 Qtrs
- Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
- Diluted	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs
- Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
- Diluted	`EarningsPerShareDiluted`	$0.02	USD	2 Qtrs
- Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
- Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44,827.00	shares	2 Qtrs
- Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47,529.00	shares	2 Qtrs
- Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44,954.00	shares	1 Quarter
- Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48,793.00	shares	1 Quarter
- Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	52,297.00	shares	2 Qtrs
- Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47,501.00	shares	2 Qtrs
- Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53,744.00	shares	1 Quarter
- Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47,650.00	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$276.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.15M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$273.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$551.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$1.39M	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$1.74M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$70.00K	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$56.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$55.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$111.00K	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$2.05M	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$1.60M	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$19.00K	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$24.00K	USD	2 Qtrs
Stock-based compensation - options	`StockOptionPlanExpense`	$258.00K	USD	2 Qtrs
Stock-based compensation - options	`StockOptionPlanExpense`	$384.00K	USD	2 Qtrs
Stock-based compensation - warrants and restricted stock	`RestrictedStockExpense`	$84.00K	USD	2 Qtrs
Stock-based compensation - warrants and restricted stock	`RestrictedStockExpense`	$262.00K	USD	2 Qtrs
(Increase) decrease in accounts receivable, net of write-offs	`IncreaseDecreaseInAccountsReceivable`	$3.36M	USD	2 Qtrs
(Increase) decrease in accounts receivable, net of write-offs	`IncreaseDecreaseInAccountsReceivable`	$5.17M	USD	2 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-121.00K	USD	2 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$324.00K	USD	2 Qtrs
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-98.00K	USD	2 Qtrs
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-12.00K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-6.00K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$87.00K	USD	2 Qtrs
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-649.00K	USD	2 Qtrs
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$479.00K	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$16.00K	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$533.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.01M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.04M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$608.00K	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-608.00K	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-2.05M	USD	2 Qtrs
Restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	-	USD	2 Qtrs
Restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$200.00K	USD	2 Qtrs
Advances (payments) on credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-5.26M	USD	2 Qtrs
Advances (payments) on credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$2.50M	USD	2 Qtrs
Repayments of capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.10M	USD	2 Qtrs
Repayments of capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.19M	USD	2 Qtrs
Issuance of common stock and warrants for cash, net of transaction expenses	`ProceedsFromIssuanceOrSaleOfEquity`	$381.00K	USD	2 Qtrs
Issuance of common stock and warrants for cash, net of transaction expenses	`ProceedsFromIssuanceOrSaleOfEquity`	$9.30M	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.97M	USD	2 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$2.84M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-62.00K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.77M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.64M	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`	$2.57M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.64M	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`	$2.57M	USD	Point-in-time
Interest paid	`InterestPaid`	$495.00K	USD	2 Qtrs
Interest paid	`InterestPaid`	$529.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$17.00K	USD	2 Qtrs
Equipment leased under capital leases	`CapitalLeaseObligationsIncurred`	$2.14M	USD	2 Qtrs
Equipment leased under capital leases	`CapitalLeaseObligationsIncurred`	$1.40M	USD	2 Qtrs
Non-cash intangible asset purchase	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	$1.95M	USD	2 Qtrs
Non-cash intangible asset purchase	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	-	USD	2 Qtrs

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