10-Q Filing

ACCELERATE DIAGNOSTICS, INC CIK: 727207 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001628280-16-016091`
Period End Date	20160331
Filing Date	20160510
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	axdx-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 38 Cash Flow Statement 54

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
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`	75.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	55.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.58M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	51.19M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	51.20M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.03M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	51.20M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	51.19M	shares	Point-in-time
Investments	`Investments`	$11.84M	USD	Point-in-time
Investments	`Investments`	$44.63M	USD	Point-in-time
Trade accounts receivable	`ReceivablesNetCurrent`	$77.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Trade accounts receivable	`ReceivablesNetCurrent`	$77.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$1.64M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$2.31M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.22M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$120.28M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$134.15M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.22M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.02M	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$157.00K	USD	Point-in-time
Intellectual property, net	`FiniteLivedIntangibleAssetsNet`	$154.00K	USD	Point-in-time
Total assets	`Assets`	$125.65M	USD	Point-in-time
Total assets	`Assets`	$139.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.62M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.54M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.26M	USD	Point-in-time
Deferred revenue and income	`DeferredRevenue`	$58.00K	USD	Point-in-time
Deferred revenue and income	`DeferredRevenue`	$127.00K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligations`	$13.00K	USD	Point-in-time
Capital lease obligations	`CapitalLeaseObligations`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.99M	USD	Point-in-time
Long-term deferred income	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$1.00M	USD	Point-in-time
Long-term deferred income	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$1.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.99M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
75,000,000 common shares authorized with 51,199,017 shares issued and outstanding on March 31, 2016 and 55,000,000 authorized with 51,191,184 shares issued and outstanding on December 31, 2015	`CommonStockValueOutstanding`	$51.00K	USD	Point-in-time
75,000,000 common shares authorized with 51,199,017 shares issued and outstanding on March 31, 2016 and 55,000,000 authorized with 51,191,184 shares issued and outstanding on December 31, 2015	`CommonStockValueOutstanding`	$51.00K	USD	Point-in-time
5,000,000 preferred shares authorized and none outstanding as of March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
5,000,000 preferred shares authorized and none outstanding as of March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapitalCommonStock`	$243.89M	USD	Point-in-time
Contributed capital	`AdditionalPaidInCapitalCommonStock`	$245.61M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-110.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-125.99M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxDebtSecurities`	$12.00K	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossOtherThanTemporaryImpairmentNotCreditLossNetOfTaxDebtSecurities`	$9.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$119.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$133.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$139.32M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$125.65M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsGross`	-	USD	1 Quarter
Product sales	`SalesRevenueGoodsGross`	$143.00K	USD	1 Quarter
Licensing and royalty revenues	`LicensesRevenue`	$14.00K	USD	1 Quarter
Licensing and royalty revenues	`LicensesRevenue`	$20.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$163.00K	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$14.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$7.35M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$5.73M	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$2.87M	USD	1 Quarter
Sales, general and administrative	`GeneralAndAdministrativeExpense`	$7.44M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$3.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$2.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$542.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$326.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$15.34M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$8.93M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.91M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-15.17M	USD	1 Quarter
Interest expense and other	`OtherCostAndExpenseOperating`	$1.00K	USD	1 Quarter
Interest expense and other	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Foreign currency exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Foreign currency exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$44.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$15.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$54.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncome`	$98.00K	USD	1 Quarter
Total other income	`OtherNonoperatingIncome`	$14.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.90M	USD	1 Quarter
Basic and diluted net loss per share (dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.29	USD	1 Quarter
Basic and diluted net loss per share (dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	1 Quarter
Weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.65M	shares	1 Quarter
Weighted average shares outstanding (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.20M	shares	1 Quarter
Net unrealized gain on available-for-sale investments	`UnrealizedGainLossOnInvestments`	$52.00K	USD	1 Quarter
Net unrealized gain on available-for-sale investments	`UnrealizedGainLossOnInvestments`	$5.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-49.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-8.89M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-15.07M	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-15.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.90M	USD	1 Quarter
Depreciation	`Depreciation`	$326.00K	USD	1 Quarter
Depreciation	`Depreciation`	$542.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.00K	USD	1 Quarter
Amortization of investment discount	`InvestmentIncomeAmortizationOfDiscount`	$-47.00K	USD	1 Quarter
Amortization of investment discount	`InvestmentIncomeAmortizationOfDiscount`	$-37.00K	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$1.66M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$1.69M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$14.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$104.00K	USD	1 Quarter
Prepaid expense and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$518.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.21M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$647.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$494.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$166.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$501.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$906.00K	USD	1 Quarter
Deferred revenue and income	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Deferred revenue and income	`IncreaseDecreaseInDeferredRevenue`	$-69.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.21M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.96M	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquireProductiveAssets`	$1.20M	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquireProductiveAssets`	$1.68M	USD	1 Quarter
Purchase of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	$36.72M	USD	1 Quarter
Purchase of available-for-sale securities	`PaymentsToAcquireMarketableSecurities`	$4.50M	USD	1 Quarter
Sales of available-for-sale securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$500.00K	USD	1 Quarter
Sales of available-for-sale securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$107.00K	USD	1 Quarter
Maturity of available-for-sale securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$3.40M	USD	1 Quarter
Maturity of available-for-sale securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$6.36M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$761.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.50M	USD	1 Quarter
Exercise of warrants and options	`ProceedsFromStockOptionsExercised`	$28.00K	USD	1 Quarter
Exercise of warrants and options	`ProceedsFromStockOptionsExercised`	$66.00K	USD	1 Quarter
Common stock issuance costs	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Common stock issuance costs	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$-814.00K	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$13.00K	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$36.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-799.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$30.00K	USD	1 Quarter
Effect of exchange rate on cash	`EffectOfExchangeRateOnCash`	$-49.00K	USD	1 Quarter
Effect of exchange rate on cash	`EffectOfExchangeRateOnCash`	-	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-48.55M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.17M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.39M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$120.58M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$72.03M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.39M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.56M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$120.58M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$72.03M	USD	Point-in-time

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