10-Q Filing

NEOGENOMICS INC CIK: 1077183 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-181991`
Period End Date	20150331
Filing Date	20150511
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	neo-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 32 Cash Flow Statement 52

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.08M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$19.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.25M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$21.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.69M	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $4,079 and $4,180 respectively)	`AccountsReceivableNetCurrent`	$20.48M	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
Accounts receivable (net of allowance for doubtful accounts of $4,079 and $4,180 respectively)	`AccountsReceivableNetCurrent`	$21.48M	USD	Point-in-time
Inventories	`InventoryNet`	$2.62M	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
Inventories	`InventoryNet`	$2.60M	USD	Point-in-time
Deferred income tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$821.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	60.24M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	60.34M	shares	Point-in-time
Deferred income tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$821.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	60.24M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.18M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.14M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	60.34M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$57.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$58.74M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $21,406 and $19,822 respectively)	`PropertyPlantAndEquipmentNet`	$16.64M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $21,406 and $19,822 respectively)	`PropertyPlantAndEquipmentNet`	$15.08M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`FiniteLivedIntangibleAssetsNet`	$4.21M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`FiniteLivedIntangibleAssetsNet`	$4.12M	USD	Point-in-time
GOODWILL	`Goodwill`	$2.93M	USD	Point-in-time
GOODWILL	`Goodwill`	$2.93M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$139.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$141.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$81.11M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$81.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.46M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$3.39M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$3.90M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.24M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.21M	USD	Point-in-time
Short-term portion of equipment capital lease obligations	`CapitalLeaseObligationsCurrent`	$3.22M	USD	Point-in-time
Short-term portion of equipment capital lease obligations	`CapitalLeaseObligationsCurrent`	$3.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.62M	USD	Point-in-time
Long-term portion of equipment capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$5.26M	USD	Point-in-time
Long-term portion of equipment capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$6.33M	USD	Point-in-time
Deferred income tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$821.00K	USD	Point-in-time
Deferred income tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$821.00K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$7.15M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$6.08M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$21.00M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$20.70M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (SEE NOTE G)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (SEE NOTE G)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, (100,000,000 shares authorized; 60,335,279 and 60,242,818 shares issued and outstanding, respectively)	`CommonStockValue`	$60.00K	USD	Point-in-time
Common stock, $.001 par value, (100,000,000 shares authorized; 60,335,279 and 60,242,818 shares issued and outstanding, respectively)	`CommonStockValue`	$60.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$80.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$79.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.41M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$60.41M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$60.16M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$81.16M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$81.11M	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`	$23.03M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$9.47M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$13.48M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$8.71M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$9.54M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.05M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.52M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$669.00K	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`	$2.91M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.11M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.31M	USD	1 Quarter
(LOSS) INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$-561.00K	USD	1 Quarter
(LOSS) INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$394.00K	USD	1 Quarter
INTEREST AND OTHER EXPENSE - NET	`NonoperatingIncomeExpense`	$-265.00K	USD	1 Quarter
INTEREST AND OTHER EXPENSE - NET	`NonoperatingIncomeExpense`	$-195.00K	USD	1 Quarter
(LOSS) INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$129.00K	USD	1 Quarter
(LOSS) INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-756.00K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$5.00K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$27.00K	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$-761.00K	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$102.00K	USD	1 Quarter
NET (LOSS) INCOME PER SHARE - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
NET (LOSS) INCOME PER SHARE - Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.28M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	49.28M	shares	1 Quarter
NET (LOSS) INCOME PER SHARE - Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
NET (LOSS) INCOME PER SHARE - Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.28M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.47M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-761.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$102.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$602.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$884.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$93.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$56.00K	USD	1 Quarter
Depreciation and amortization of property and equipment	`DepreciationAndAmortization`	$1.15M	USD	1 Quarter
Depreciation and amortization of property and equipment	`DepreciationAndAmortization`	$1.59M	USD	1 Quarter
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$12.00K	USD	1 Quarter
Stock-based compensation - options and restricted stock	`ShareBasedCompensation`	$342.00K	USD	1 Quarter
Stock-based compensation - options and restricted stock	`ShareBasedCompensation`	$89.00K	USD	1 Quarter
Stock-based compensation - warrants	`IncreaseDecreaseInWarrantExpense`	$59.00K	USD	1 Quarter
Stock-based compensation - warrants	`IncreaseDecreaseInWarrantExpense`	$-5.00K	USD	1 Quarter
Accounts receivable, net of write-offs	`IncreaseDecreaseInAccountsReceivable`	$1.61M	USD	1 Quarter
Accounts receivable, net of write-offs	`IncreaseDecreaseInAccountsReceivable`	$1.49M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-298.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-21.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$42.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-192.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$25.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-237.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-1.08M	USD	1 Quarter
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-787.00K	USD	1 Quarter
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.02M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$842.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$883.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-842.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-883.00K	USD	1 Quarter
Advances from revolving credit facility, net	`ProceedsFromLinesOfCredit`	$583.00K	USD	1 Quarter
Repayments of capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$772.00K	USD	1 Quarter
Repayments of capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$921.00K	USD	1 Quarter
Issuance of common stock for the exercise of options, warrants and ESPP shares	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$598.00K	USD	1 Quarter
Issuance of common stock for the exercise of options, warrants and ESPP shares	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$109.00K	USD	1 Quarter
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$409.00K	USD	1 Quarter
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-812.00K	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.44M	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$551.00K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.38M	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`	$31.25M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.69M	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`	$4.83M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$31.25M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.69M	USD	Point-in-time
Interest paid	`InterestPaid`	$212.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$254.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$159.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$5.00K	USD	1 Quarter
Equipment leased under capital lease obligations	`CapitalLeaseObligationsIncurred`	$2.52M	USD	1 Quarter
Equipment leased under capital lease obligations	`CapitalLeaseObligationsIncurred`	$1.69M	USD	1 Quarter

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