10-Q Filing

NEOGENOMICS INC CIK: 1077183 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-417340`
Period End Date	20130930
Filing Date	20131030
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	ngnm-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 62 Cash Flow Statement 64

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`	$4.36M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$10.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.04M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$13.40M	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$349.00K	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$182.00K	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $4,355 and $3,002 respectively)	`AccountsReceivableNetCurrent`	$14.03M	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $4,355 and $3,002 respectively)	`AccountsReceivableNetCurrent`	$15.73M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$1.86M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$2.07M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$820.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.83M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.96M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	45.28M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$18.58M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $13,404 and $10,289, respectively)	`PropertyPlantAndEquipmentNet`	$8.59M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	45.28M	shares	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $13,404 and $10,289, respectively)	`PropertyPlantAndEquipmentNet`	$8.61M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.96M	shares	Point-in-time
INTANGIBLE ASSETS (net of accumulated amortization of $349 and $182, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$2.80M	USD	Point-in-time
INTANGIBLE ASSETS (net of accumulated amortization of $349 and $182, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$2.63M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$83.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$178.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$35.23M	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`	$3.78M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$2.38M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$2.81M	USD	Point-in-time
Other accrued expenses and liabilities	`AccruedLiabilitiesCurrent`	$755.00K	USD	Point-in-time
Other accrued expenses and liabilities	`AccruedLiabilitiesCurrent`	$669.00K	USD	Point-in-time
Short-term portion of equipment capital leases	`CapitalLeaseObligationsCurrent`	$2.60M	USD	Point-in-time
Short-term portion of equipment capital leases	`CapitalLeaseObligationsCurrent`	$2.21M	USD	Point-in-time
Revolving credit line	`LinesOfCreditCurrent`	$8.46M	USD	Point-in-time
Revolving credit line	`LinesOfCreditCurrent`	$2.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.25M	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`	$2.66M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$14.90M	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; 48,962,275 and 45,280,280 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively)	`CommonStockValue`	$45.00K	USD	Point-in-time
Common stock, $.001 par value, (100,000,000 shares authorized; 48,962,275 and 45,280,280 shares issued and outstanding at September 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`	$41.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$9.22M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$35.23M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$30.07M	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
NET REVENUE	`SalesRevenueServicesNet`	$14.20M	USD	1 Quarter
NET REVENUE	`SalesRevenueServicesNet`	$16.88M	USD	1 Quarter
NET REVENUE	`SalesRevenueServicesNet`	$44.97M	USD	3 Qtrs
NET REVENUE	`SalesRevenueServicesNet`	$48.14M	USD	3 Qtrs
COST OF REVENUE	`CostOfServices`	$8.31M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$8.71M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$25.57M	USD	3 Qtrs
COST OF REVENUE	`CostOfServices`	$24.57M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$22.57M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$8.17M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$20.40M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$5.89M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.33M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.93M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.57M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$11.74M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.79M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$340.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.83M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$808.00K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.84M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$5.81M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$2.34M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$6.24M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$7.01M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$19.39M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$6.58M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$20.60M	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$1.97M	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$1.16M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-684.00K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$1.01M	USD	3 Qtrs
INTEREST AND OTHER INCOME (EXPENSE) - NET	`InterestExpense`	$231.00K	USD	1 Quarter
INTEREST AND OTHER INCOME (EXPENSE) - NET	`InterestExpense`	$291.00K	USD	1 Quarter
INTEREST AND OTHER INCOME (EXPENSE) - NET	`InterestExpense`	$837.00K	USD	3 Qtrs
INTEREST AND OTHER INCOME (EXPENSE) - NET	`InterestExpense`	$749.00K	USD	3 Qtrs
INCOME (LOSS) BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-975.00K	USD	1 Quarter
INCOME (LOSS) BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$178.00K	USD	3 Qtrs
INCOME (LOSS) BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.22M	USD	3 Qtrs
INCOME (LOSS) BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$929.00K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$29.00K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$46.00K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$900.00K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$178.00K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$1.18M	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-975.00K	USD	1 Quarter
- Basic	`EarningsPerShareBasic`	$0.02	USD	3 Qtrs
- Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
- Basic	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
- Basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
- Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
- Diluted	`EarningsPerShareDiluted`	$0.02	USD	3 Qtrs
- Diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
- Diluted	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
- Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.93M	shares	1 Quarter
- Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.01M	shares	3 Qtrs
- Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44.94M	shares	3 Qtrs
- Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	45.17M	shares	1 Quarter
- Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.17M	shares	1 Quarter
- Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.17M	shares	1 Quarter
- Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.60M	shares	3 Qtrs
- Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.23M	shares	3 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$900.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$178.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.18M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-975.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$2.43M	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$1.97M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$56.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$126.00K	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$56.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$168.00K	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$2.55M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$3.12M	USD	3 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$29.00K	USD	3 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$36.00K	USD	3 Qtrs
Stock-based compensation - options	`StockOptionPlanExpense`	$488.00K	USD	3 Qtrs
Stock-based compensation - options	`StockOptionPlanExpense`	$393.00K	USD	3 Qtrs
Stock-based compensation - warrants and restricted stock	`RestrictedStockExpense`	$137.00K	USD	3 Qtrs
Stock-based compensation - warrants and restricted stock	`RestrictedStockExpense`	$211.00K	USD	3 Qtrs
(Increase) decrease in accounts receivable, net of write-offs	`IncreaseDecreaseInAccountsReceivable`	$6.55M	USD	3 Qtrs
(Increase) decrease in accounts receivable, net of write-offs	`IncreaseDecreaseInAccountsReceivable`	$3.66M	USD	3 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$209.00K	USD	3 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$704.00K	USD	3 Qtrs
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-61.00K	USD	3 Qtrs
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$320.00K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-38.00K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$95.00K	USD	3 Qtrs
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$24.00K	USD	3 Qtrs
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$649.00K	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$2.73M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-493.00K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.04M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.26M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.49M	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.49M	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-3.30M	USD	3 Qtrs
Restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	-	USD	3 Qtrs
Restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$200.00K	USD	3 Qtrs
Advances (payments) on credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-5.72M	USD	3 Qtrs
Advances (payments) on credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$4.14M	USD	3 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.87M	USD	3 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.64M	USD	3 Qtrs
Issuance of common stock and warrants for cash, net of transaction expenses	`ProceedsFromIssuanceOrSaleOfEquity`	$9.40M	USD	3 Qtrs
Issuance of common stock and warrants for cash, net of transaction expenses	`ProceedsFromIssuanceOrSaleOfEquity`	$503.00K	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.81M	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$3.20M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-590.00K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.06M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.93M	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`	$1.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.04M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.93M	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`	$1.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.04M	USD	Point-in-time
Interest paid	`InterestPaid`	$715.00K	USD	3 Qtrs
Interest paid	`InterestPaid`	$809.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$19.00K	USD	3 Qtrs
Equipment leased under capital leases	`CapitalLeaseObligationsIncurred`	$2.85M	USD	3 Qtrs
Equipment leased under capital leases	`CapitalLeaseObligationsIncurred`	$1.82M	USD	3 Qtrs
Non-cash intangible asset purchase	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	-	USD	3 Qtrs
Non-cash intangible asset purchase	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	$1.95M	USD	3 Qtrs

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