10-Q Filing

NEOGENOMICS INC CIK: 1077183 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-396273`
Period End Date	20140930
Filing Date	20141104
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	neo-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 63 Cash Flow Statement 62

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.47M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.87M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$14.48M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$18.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.37M	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $5,471 and $4,540 respectively)	`AccountsReceivableNetCurrent`	$18.65M	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $5,471 and $4,540 respectively)	`AccountsReceivableNetCurrent`	$18.30M	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$606.00K	USD	Point-in-time
Intangible assets, accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$405.00K	USD	Point-in-time
Inventories	`InventoryNet`	$2.30M	USD	Point-in-time
Inventories	`InventoryNet`	$2.97M	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
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`	$1.02M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	59.97M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	49.12M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.11M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	49.12M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$57.24M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.49M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	59.97M	shares	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $18,416 and $14,478, respectively)	`PropertyPlantAndEquipmentNet`	$9.69M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $18,416 and $14,478, respectively)	`PropertyPlantAndEquipmentNet`	$14.64M	USD	Point-in-time
INTANGIBLE ASSETS (net of accumulated amortization of $606 and $405, respectively)	`FiniteLivedIntangibleAssetsNet`	$2.58M	USD	Point-in-time
INTANGIBLE ASSETS (net of accumulated amortization of $606 and $405, respectively)	`FiniteLivedIntangibleAssetsNet`	$4.24M	USD	Point-in-time
GOODWILL	`Goodwill`	$2.56M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$143.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$154.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$78.82M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$39.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.29M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$2.34M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$3.41M	USD	Point-in-time
Other accrued expenses and liabilities	`AccruedLiabilitiesCurrent`	$1.10M	USD	Point-in-time
Other accrued expenses and liabilities	`AccruedLiabilitiesCurrent`	$741.00K	USD	Point-in-time
Short-term portion of equipment capital leases	`CapitalLeaseObligationsCurrent`	$2.79M	USD	Point-in-time
Short-term portion of equipment capital leases	`CapitalLeaseObligationsCurrent`	$3.16M	USD	Point-in-time
Revolving credit line	`LinesOfCreditCurrent`	$4.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.95M	USD	Point-in-time
Long-term portion of equipment capital leases and notes payable	`LongTermDebtAndCapitalLeaseObligations`	$3.29M	USD	Point-in-time
Long-term portion of equipment capital leases and notes payable	`LongTermDebtAndCapitalLeaseObligations`	$5.21M	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`	$5.80M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$3.88M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$19.75M	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; 59,969,375 and 49,118,373 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively)	`CommonStockValue`	$49.00K	USD	Point-in-time
Common stock, $.001 par value, (100,000,000 shares authorized; 59,969,375 and 49,118,373 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively)	`CommonStockValue`	$60.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$42.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$79.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.45M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$59.06M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$78.82M	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`	$16.88M	USD	1 Quarter
NET REVENUE	`SalesRevenueServicesNet`	$48.14M	USD	3 Qtrs
NET REVENUE	`SalesRevenueServicesNet`	$62.07M	USD	3 Qtrs
NET REVENUE	`SalesRevenueServicesNet`	$23.22M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$12.92M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$25.57M	USD	3 Qtrs
COST OF REVENUE	`CostOfServices`	$32.83M	USD	3 Qtrs
COST OF REVENUE	`CostOfServices`	$8.71M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$29.24M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$22.57M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$8.17M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$10.29M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.33M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.57M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$17.30M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.37M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.01M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.79M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.27M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$340.00K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$2.98M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$6.24M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$8.78M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$2.34M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.01M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$20.60M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$10.37M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$28.34M	USD	3 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$899.00K	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`	$-73.00K	USD	1 Quarter
INTEREST AND OTHER INCOME (EXPENSE) - NET	`NonoperatingIncomeExpense`	$-231.00K	USD	1 Quarter
INTEREST AND OTHER INCOME (EXPENSE) - NET	`NonoperatingIncomeExpense`	$-218.00K	USD	1 Quarter
INTEREST AND OTHER INCOME (EXPENSE) - NET	`NonoperatingIncomeExpense`	$-736.00K	USD	3 Qtrs
INTEREST AND OTHER INCOME (EXPENSE) - NET	`NonoperatingIncomeExpense`	$-749.00K	USD	3 Qtrs
INCOME (LOSS) BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$163.00K	USD	3 Qtrs
INCOME (LOSS) BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-291.00K	USD	1 Quarter
INCOME (LOSS) BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.22M	USD	3 Qtrs
INCOME (LOSS) BEFORE TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$929.00K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$29.00K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$46.00K	USD	3 Qtrs
INCOME TAXES	`IncomeTaxExpenseBenefit`	$78.00K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$85.00K	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$1.18M	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-291.00K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$900.00K	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.02	USD	3 Qtrs
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	3 Qtrs
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.01	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.02	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.01	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.02	USD	3 Qtrs
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	3 Qtrs
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.02	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	54.44M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.01M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.93M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	51.27M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.93M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.44M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.17M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.60M	shares	3 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$85.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.18M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-291.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$900.00K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$1.97M	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$2.04M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$200.00K	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$89.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$56.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$168.00K	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$3.94M	USD	3 Qtrs
Depreciation of property and equipment	`Depreciation`	$3.12M	USD	3 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$66.00K	USD	3 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$36.00K	USD	3 Qtrs
Stock-based compensation - options	`StockOptionPlanExpense`	$566.00K	USD	3 Qtrs
Stock-based compensation - options	`StockOptionPlanExpense`	$393.00K	USD	3 Qtrs
Stock-based compensation - warrants and restricted stock	`WarrantAndRestrictedStockExpense`	$173.00K	USD	3 Qtrs
Stock-based compensation - warrants and restricted stock	`WarrantAndRestrictedStockExpense`	$137.00K	USD	3 Qtrs
(Increase) decrease in accounts receivable, net of write-offs	`IncreaseDecreaseInAccountsReceivable`	$-12.00K	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`	$582.00K	USD	3 Qtrs
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$320.00K	USD	3 Qtrs
(Increase) decrease in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-93.00K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$95.00K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-39.00K	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`	$1.83M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$8.46M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.73M	USD	3 Qtrs
Acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$5.83M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.49M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.72M	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.49M	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-8.55M	USD	3 Qtrs
Advances (payments) on credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-4.28M	USD	3 Qtrs
Advances (payments) on credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-5.72M	USD	3 Qtrs
Repayment of capital leases and loans	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.87M	USD	3 Qtrs
Repayment of capital leases and loans	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$2.63M	USD	3 Qtrs
Issuance of common stock for the exercise of stock options and warrants	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$393.00K	USD	3 Qtrs
Issuance of common stock for the exercise of stock options and warrants	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.10M	USD	3 Qtrs
Issuance of common stock for cash, net of transaction expenses	`ProceedsFromIssuanceOfCommonStock`	$9.01M	USD	3 Qtrs
Issuance of common stock for cash, net of transaction expenses	`ProceedsFromIssuanceOfCommonStock`	$34.50M	USD	Point-in-time
Issuance of common stock for cash, net of transaction expenses	`ProceedsFromIssuanceOfCommonStock`	$34.43M	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.81M	USD	3 Qtrs
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$29.62M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.06M	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$29.53M	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`	$1.87M	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`	$34.37M	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`	$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`	$34.37M	USD	Point-in-time
Interest paid	`InterestPaid`	$770.00K	USD	3 Qtrs
Interest paid	`InterestPaid`	$715.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$170.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$19.00K	USD	3 Qtrs
Equipment leased under capital leases	`CapitalLeaseObligationsIncurred`	$4.82M	USD	3 Qtrs
Equipment leased under capital leases	`CapitalLeaseObligationsIncurred`	$1.82M	USD	3 Qtrs

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