10-Q Filing

NEOGENOMICS INC CIK: 1077183 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-193896`
Period End Date	20140331
Filing Date	20140512
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	ngnm-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 32 Cash Flow Statement 52

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.57M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.38M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$14.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$15.63M	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$405.00K	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$461.00K	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $4,569 and $4,540 respectively)	`AccountsReceivableNetCurrent`	$19.26M	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $4,569 and $4,540 respectively)	`AccountsReceivableNetCurrent`	$18.65M	USD	Point-in-time
Inventories	`InventoryNet`	$2.00M	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
Inventories	`InventoryNet`	$2.30M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred income tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$588.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred income tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$588.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.12M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.67M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$909.00K	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.11M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.67M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$28.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.49M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $15,629 and $14,478 respectively)	`PropertyPlantAndEquipmentNet`	$11.47M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $15,629 and $14,478 respectively)	`PropertyPlantAndEquipmentNet`	$9.69M	USD	Point-in-time
INTANGIBLE ASSETS (net of accumulated amortization of $461 and $405, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$2.52M	USD	Point-in-time
INTANGIBLE ASSETS (net of accumulated amortization of $461 and $405, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$2.58M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$154.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$179.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$42.32M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$39.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.18M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$2.21M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$2.34M	USD	Point-in-time
Other accrued expenses and liabilities	`AccruedLiabilitiesCurrent`	$741.00K	USD	Point-in-time
Other accrued expenses and liabilities	`AccruedLiabilitiesCurrent`	$461.00K	USD	Point-in-time
Short-term portion of equipment capital leases	`CapitalLeaseObligationsCurrent`	$2.99M	USD	Point-in-time
Short-term portion of equipment capital leases	`CapitalLeaseObligationsCurrent`	$2.79M	USD	Point-in-time
Revolving credit line	`LinesOfCreditCurrent`	$4.28M	USD	Point-in-time
Revolving credit line	`LinesOfCreditCurrent`	$4.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.32M	USD	Point-in-time
Long-term portion of equipment capital leases	`CapitalLeaseObligationsNoncurrent`	$3.29M	USD	Point-in-time
Long-term portion of equipment capital leases	`CapitalLeaseObligationsNoncurrent`	$4.01M	USD	Point-in-time
Deferred income tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$588.00K	USD	Point-in-time
Deferred income tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$588.00K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$4.60M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$3.88M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$19.82M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$18.20M	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; 49,673,909 and 49,118,373 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively)	`CommonStockValue`	$50.00K	USD	Point-in-time
Common stock, $.001 par value, (100,000,000 shares authorized; 49,673,909 and 49,118,373 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively)	`CommonStockValue`	$49.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$42.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$42.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.71M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$39.92M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$42.32M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
NET REVENUE	`SalesRevenueServicesNet`	$18.18M	USD	1 Quarter
NET REVENUE	`SalesRevenueServicesNet`	$15.66M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$8.41M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$9.47M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$8.71M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$7.25M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.17M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.05M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$835.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$628.00K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$2.63M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.93M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.31M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.94M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$394.00K	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$305.00K	USD	1 Quarter
INTEREST INCOME (EXPENSE)-NET	`InterestExpense`	$285.00K	USD	1 Quarter
INTEREST INCOME (EXPENSE)-NET	`InterestExpense`	$265.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.00K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$129.00K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$27.00K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$17.00K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$3.00K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$102.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.26M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	49.28M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.47M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	50.92M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$102.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$741.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$884.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$56.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$56.00K	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$1.15M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$990.00K	USD	1 Quarter
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$12.00K	USD	1 Quarter
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$12.00K	USD	1 Quarter
Stock-based compensation - options	`StockOptionPlanExpense`	$254.00K	USD	1 Quarter
Stock-based compensation - options	`StockOptionPlanExpense`	$89.00K	USD	1 Quarter
Stock-based compensation - warrants and restricted stock	`WarrantAndRestrictedStockExpense`	$-5.00K	USD	1 Quarter
Stock-based compensation - warrants and restricted stock	`WarrantAndRestrictedStockExpense`	$189.00K	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`	$1.49M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-298.00K	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-214.00K	USD	1 Quarter
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$35.00K	USD	1 Quarter
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-167.00K	USD	1 Quarter
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-237.00K	USD	1 Quarter
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-1.42M	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.02M	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.33M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$883.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$239.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-239.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-883.00K	USD	1 Quarter
Advances (repayments) on credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$583.00K	USD	1 Quarter
Advances (repayments) on credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-4.27M	USD	1 Quarter
Repayments of capital leases and loans	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$570.00K	USD	1 Quarter
Repayments of capital leases and loans	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$772.00K	USD	1 Quarter
Issuance of common stock and warrants for cash, net of transaction costs	`ProceedsFromIssuanceOrSaleOfEquity`	$9.17M	USD	1 Quarter
Issuance of common stock and warrants for cash, net of transaction costs	`ProceedsFromIssuanceOrSaleOfEquity`	$598.00K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$409.00K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$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`	$551.00K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.63M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.38M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	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`	$5.38M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
Interest paid	`InterestPaid`	$254.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$274.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$17.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$159.00K	USD	1 Quarter
Equipment leased under capital leases	`CapitalLeaseObligationsIncurred`	$381.00K	USD	1 Quarter
Equipment leased under capital leases	`CapitalLeaseObligationsIncurred`	$1.69M	USD	1 Quarter

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