10-Q Filing

NEOGENOMICS INC CIK: 1077183 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-283729`
Period End Date	20140630
Filing Date	20140729
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	ngnm-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 63 Cash Flow Statement 58

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.54M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$14.48M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$16.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.02M	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $5,709 and $4,540 respectively)	`AccountsReceivableNetCurrent`	$18.80M	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$516.00K	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$405.00K	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $5,709 and $4,540 respectively)	`AccountsReceivableNetCurrent`	$18.65M	USD	Point-in-time
Inventories	`InventoryNet`	$2.62M	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, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Deferred income tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$588.00K	USD	Point-in-time
Deferred income tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$588.00K	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.05M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	50.00M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.11M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$28.08M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.12M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$27.49M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $16,877 and $14,478, respectively)	`PropertyPlantAndEquipmentNet`	$12.97M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $16,877 and $14,478, respectively)	`PropertyPlantAndEquipmentNet`	$9.69M	USD	Point-in-time
INTANGIBLE ASSETS (net of accumulated amortization of $516 and $405, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$2.58M	USD	Point-in-time
INTANGIBLE ASSETS (net of accumulated amortization of $516 and $405, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$2.47M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$116.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$154.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$39.92M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$43.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.08M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$3.41M	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`	$651.00K	USD	Point-in-time
Short-term portion of equipment capital leases	`CapitalLeaseObligationsCurrent`	$3.09M	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`	$1.99M	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`	$4.69M	USD	Point-in-time
Long-term portion of equipment capital leases	`CapitalLeaseObligationsNoncurrent`	$3.29M	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`	$5.28M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$3.88M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$20.50M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$18.20M	USD	Point-in-time
Commitments (Note I)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments (Note I)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, (100,000,000 shares authorized; 50,003,799 and 49,118,373 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively)	`CommonStockValue`	$49.00K	USD	Point-in-time
Common stock, $.001 par value, (100,000,000 shares authorized; 50,003,799 and 49,118,373 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively)	`CommonStockValue`	$50.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$43.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$42.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.13M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$43.64M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$39.92M	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
NET REVENUE	`SalesRevenueServicesNet`	$31.26M	USD	2 Qtrs
NET REVENUE	`SalesRevenueServicesNet`	$38.85M	USD	2 Qtrs
NET REVENUE	`SalesRevenueServicesNet`	$20.67M	USD	1 Quarter
NET REVENUE	`SalesRevenueServicesNet`	$15.60M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$10.43M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$19.90M	USD	2 Qtrs
COST OF REVENUE	`CostOfServices`	$16.86M	USD	2 Qtrs
COST OF REVENUE	`CostOfServices`	$8.45M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$7.16M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$18.95M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$10.24M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$14.40M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.92M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.87M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.06M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.24M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.45M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.26M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$633.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$616.00K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.97M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$3.90M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$5.79M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$3.16M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.59M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$17.98M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$6.65M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$9.66M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$578.00K	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$505.00K	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$810.00K	USD	2 Qtrs
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$972.00K	USD	2 Qtrs
INTEREST AND OTHER INCOME (EXPENSE) - NET	`InterestAndOtherIncomeExpenseNet`	$-253.00K	USD	1 Quarter
INTEREST AND OTHER INCOME (EXPENSE) - NET	`InterestAndOtherIncomeExpenseNet`	$-232.00K	USD	1 Quarter
INTEREST AND OTHER INCOME (EXPENSE) - NET	`InterestAndOtherIncomeExpenseNet`	$-518.00K	USD	2 Qtrs
INTEREST AND OTHER INCOME (EXPENSE) - NET	`InterestAndOtherIncomeExpenseNet`	$-517.00K	USD	2 Qtrs
INCOME BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$273.00K	USD	1 Quarter
INCOME BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$454.00K	USD	2 Qtrs
INCOME BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$293.00K	USD	2 Qtrs
INCOME BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$325.00K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$78.00K	USD	2 Qtrs
INCOME TAXES	`IncomeTaxExpenseBenefit`	$51.00K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$17.00K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$274.00K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$276.00K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$376.00K	USD	2 Qtrs
NET INCOME	`NetIncomeLoss`	$273.00K	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.01	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.01	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.01	USD	2 Qtrs
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.01	USD	2 Qtrs
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.01	USD	2 Qtrs
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.01	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.01	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.01	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	49.89M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.53M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	49.59M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.79M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.30M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.55M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.73M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.74M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$274.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$276.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$376.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$273.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$1.81M	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$1.39M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$55.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$111.00K	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$55.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$111.00K	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$2.40M	USD	2 Qtrs
Depreciation of property and equipment	`Depreciation`	$2.05M	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$24.00K	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$25.00K	USD	2 Qtrs
Stock-based compensation - options	`StockOptionPlanExpense`	$384.00K	USD	2 Qtrs
Stock-based compensation - options	`StockOptionPlanExpense`	$246.00K	USD	2 Qtrs
Stock-based compensation - warrants and restricted stock	`WarrantAndRestrictedStockExpense`	$35.00K	USD	2 Qtrs
Stock-based compensation - warrants and restricted stock	`WarrantAndRestrictedStockExpense`	$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`	$1.96M	USD	2 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$315.00K	USD	2 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-121.00K	USD	2 Qtrs
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-12.00K	USD	2 Qtrs
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-34.00K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$87.00K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-38.00K	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`	$2.49M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$5.30M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$533.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.97M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$608.00K	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.97M	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-608.00K	USD	2 Qtrs
Advances (payments) on credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-2.29M	USD	2 Qtrs
Advances (payments) on credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-5.26M	USD	2 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.19M	USD	2 Qtrs
Repayment of capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.61M	USD	2 Qtrs
Issuance of common stock and warrants for cash, net of transaction expenses	`ProceedsFromIssuanceOrSaleOfEquity`	$9.30M	USD	2 Qtrs
Issuance of common stock and warrants for cash, net of transaction expenses	`ProceedsFromIssuanceOrSaleOfEquity`	$764.00K	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.14M	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.84M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$189.00K	USD	2 Qtrs
NET INCREASE 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`	$4.83M	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`	$5.02M	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`	$4.83M	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`	$5.02M	USD	Point-in-time
Interest paid	`InterestPaid`	$498.00K	USD	2 Qtrs
Interest paid	`InterestPaid`	$495.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$17.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$170.00K	USD	2 Qtrs
Equipment leased under capital leases	`CapitalLeaseObligationsIncurred`	$1.40M	USD	2 Qtrs
Equipment leased under capital leases	`CapitalLeaseObligationsIncurred`	$3.32M	USD	2 Qtrs

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