10-Q Filing

NEOGENOMICS INC CIK: 1077183 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-272903`
Period End Date	20150630
Filing Date	20150731
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	neo-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 64 Cash Flow Statement 56

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.19M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.95M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$19.82M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$23.07M	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $4,194 and $4,180 respectively)	`AccountsReceivableNetCurrent`	$20.48M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $4,194 and $4,180 respectively)	`AccountsReceivableNetCurrent`	$21.13M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$2.62M	USD	Point-in-time
Inventories	`InventoryNet`	$3.42M	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
Common stock, shares issued	`CommonStockSharesIssued`	60.24M	shares	Point-in-time
Deferred income tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$821.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	60.50M	shares	Point-in-time
Deferred income tax asset, net	`DeferredTaxAssetsLiabilitiesNetCurrent`	$821.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	60.50M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	60.24M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.28M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$58.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$59.60M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $23,069 and $19,822 respectively)	`PropertyPlantAndEquipmentNet`	$15.08M	USD	Point-in-time
PROPERTY AND EQUIPMENT (net of accumulated depreciation of $23,069 and $19,822 respectively)	`PropertyPlantAndEquipmentNet`	$16.29M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`FiniteLivedIntangibleAssetsNet`	$4.02M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`FiniteLivedIntangibleAssetsNet`	$4.21M	USD	Point-in-time
GOODWILL	`Goodwill`	$2.93M	USD	Point-in-time
GOODWILL	`Goodwill`	$2.93M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$128.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$141.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$82.97M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$81.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.06M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$3.94M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$3.90M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.21M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$1.23M	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`	$3.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.62M	USD	Point-in-time
Long-term portion of equipment capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$6.15M	USD	Point-in-time
Long-term portion of equipment capital lease obligations	`CapitalLeaseObligationsNoncurrent`	$5.26M	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`	$6.08M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$6.97M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$20.70M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$22.10M	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; 60,503,996 and 60,242,818 shares issued and outstanding, respectively)	`CommonStockValue`	$61.00K	USD	Point-in-time
Common stock, $.001 par value, (100,000,000 shares authorized; 60,503,996 and 60,242,818 shares issued and outstanding, respectively)	`CommonStockValue`	$60.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$81.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$79.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$60.41M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$60.87M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$82.97M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$81.11M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
NET REVENUE	`SalesRevenueServicesNet`	$38.85M	USD	2 Qtrs
NET REVENUE	`SalesRevenueServicesNet`	$47.40M	USD	2 Qtrs
NET REVENUE	`SalesRevenueServicesNet`	$24.37M	USD	1 Quarter
NET REVENUE	`SalesRevenueServicesNet`	$20.67M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$19.90M	USD	2 Qtrs
COST OF REVENUE	`CostOfServices`	$13.56M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$10.43M	USD	1 Quarter
COST OF REVENUE	`CostOfServices`	$27.04M	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$18.95M	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$10.24M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$10.81M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$20.36M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$13.60M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.92M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.08M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.87M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.26M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.47M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$803.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$633.00K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$3.16M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$5.82M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$5.79M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$2.91M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$17.98M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$20.89M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$9.66M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.79M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-534.00K	USD	2 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$972.00K	USD	2 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$578.00K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$28.00K	USD	1 Quarter
INTEREST AND OTHER EXPENSE - NET	`NonoperatingIncomeExpense`	$-384.00K	USD	2 Qtrs
INTEREST AND OTHER EXPENSE - NET	`NonoperatingIncomeExpense`	$-518.00K	USD	2 Qtrs
INTEREST AND OTHER EXPENSE - NET	`NonoperatingIncomeExpense`	$-189.00K	USD	1 Quarter
INTEREST AND OTHER EXPENSE - NET	`NonoperatingIncomeExpense`	$-253.00K	USD	1 Quarter
(LOSS) INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-918.00K	USD	2 Qtrs
(LOSS) INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$454.00K	USD	2 Qtrs
(LOSS) INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$325.00K	USD	1 Quarter
(LOSS) INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-161.00K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$15.00K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$19.00K	USD	2 Qtrs
INCOME TAXES	`IncomeTaxExpenseBenefit`	$51.00K	USD	1 Quarter
INCOME TAXES	`IncomeTaxExpenseBenefit`	$78.00K	USD	2 Qtrs
NET (LOSS) INCOME	`NetIncomeLoss`	$-937.00K	USD	2 Qtrs
NET (LOSS) INCOME	`NetIncomeLoss`	$-176.00K	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$274.00K	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$376.00K	USD	2 Qtrs
NET (LOSS) INCOME PER SHARE - Basic	`EarningsPerShareBasic`	$-0.02	USD	2 Qtrs
NET (LOSS) INCOME PER SHARE - Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
NET (LOSS) INCOME PER SHARE - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
NET (LOSS) INCOME PER SHARE - Basic	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.42M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	49.59M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	49.89M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.35M	shares	2 Qtrs
NET (LOSS) INCOME PER SHARE - Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
NET (LOSS) INCOME PER SHARE - Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
NET (LOSS) INCOME PER SHARE - Diluted	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs
NET (LOSS) INCOME PER SHARE - Diluted	`EarningsPerShareDiluted`	$-0.02	USD	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.55M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.42M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.73M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.35M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-937.00K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-176.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$274.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$376.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$1.81M	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$1.30M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$111.00K	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$55.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$97.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$190.00K	USD	2 Qtrs
Depreciation and amortization of property and equipment	`DepreciationAndAmortization`	$3.25M	USD	2 Qtrs
Depreciation and amortization of property and equipment	`DepreciationAndAmortization`	$2.40M	USD	2 Qtrs
Amortization of debt issue costs	`AmortizationOfFinancingCosts`	$25.00K	USD	2 Qtrs
Stock-based compensation - options and restricted stock	`ShareBasedCompensation`	$813.00K	USD	2 Qtrs
Stock-based compensation - options and restricted stock	`ShareBasedCompensation`	$246.00K	USD	2 Qtrs
Stock-based compensation - warrants	`ShareBasedCompensationOnWarrant`	$207.00K	USD	2 Qtrs
Stock-based compensation - warrants	`ShareBasedCompensationOnWarrant`	$35.00K	USD	2 Qtrs
Accounts receivable, net of write-offs	`IncreaseDecreaseInAccountsReceivable`	$1.96M	USD	2 Qtrs
Accounts receivable, net of write-offs	`IncreaseDecreaseInAccountsReceivable`	$1.96M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$315.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$800.00K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$141.00K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-34.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-13.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-38.00K	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$2.49M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities`	$-41.00K	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$5.30M	USD	2 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.90M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.18M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.97M	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.97M	USD	2 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.18M	USD	2 Qtrs
Payments on credit facility, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-2.29M	USD	2 Qtrs
Repayment of capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.83M	USD	2 Qtrs
Repayment of capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.61M	USD	2 Qtrs
Issuance of common stock for the exercise of options, warrants and ESPP shares	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$764.00K	USD	2 Qtrs
Issuance of common stock for the exercise of options, warrants and ESPP shares	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$379.00K	USD	2 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.14M	USD	2 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.45M	USD	2 Qtrs
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-737.00K	USD	2 Qtrs
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$189.00K	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.02M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.69M	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`	$32.95M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.02M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$33.69M	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`	$32.95M	USD	Point-in-time
Interest paid	`InterestPaid`	$417.00K	USD	2 Qtrs
Interest paid	`InterestPaid`	$498.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$20.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$170.00K	USD	2 Qtrs
Equipment leased under capital lease obligations	`CapitalLeaseObligationsIncurred`	$3.40M	USD	2 Qtrs
Equipment leased under capital lease obligations	`CapitalLeaseObligationsIncurred`	$3.32M	USD	2 Qtrs

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