10-Q Filing

Cryoport, Inc. CIK: 1124524 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-077087`
Period End Date	20110630
Filing Date	20110815
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	cyrx-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 32 Cash Flow Statement 57

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$7.70K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$9.10K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.10M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$91.17K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$91.32K	USD	Point-in-time
Accounts receivable, net of allowances of $7,700 at June 30, 2011 and $9,100 at March 31, 2011, respectively	`AccountsReceivableNetCurrent`	$75.94K	USD	Point-in-time
Accounts receivable, net of allowances of $7,700 at June 30, 2011 and $9,100 at March 31, 2011, respectively	`AccountsReceivableNetCurrent`	$55.79K	USD	Point-in-time
Discount on convertible debt current	`DebtInstrumentUnamortizedDiscount`	$197.23K	USD	Point-in-time
Inventories	`InventoryNet`	$44.22K	USD	Point-in-time
Inventories	`InventoryNet`	$44.96K	USD	Point-in-time
Discount on convertible debt current	`DebtInstrumentUnamortizedDiscount`	$135.70K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$387.90K	USD	Point-in-time
Discount on convertible debt noncurrent	`DiscountOnConvertibleDebenturesNoncurrent`	-	USD	Point-in-time
Discount on convertible debt noncurrent	`DiscountOnConvertibleDebenturesNoncurrent`	$8.84K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$528.04K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.66M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$669.58K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$658.89K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$356.47K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$354.85K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Deposits and other assets	`DepositsAndOtherAssets`	$9.36K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.50M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.71M	shares	Point-in-time
Deposits and other assets	`DepositsAndOtherAssets`	$9.36K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.71M	shares	Point-in-time
Total assets	`Assets`	$8.68M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.50M	shares	Point-in-time
Total assets	`Assets`	$11.03M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$448.66K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$506.89K	USD	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$402.75K	USD	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$531.41K	USD	Point-in-time
Current portion of convertible debentures payable, net of discount of $135,696 at June 30, 2011 and $197,226 at March 31, 2011, respectively	`ConvertibleDebtCurrent`	$1.98M	USD	Point-in-time
Current portion of convertible debentures payable, net of discount of $135,696 at June 30, 2011 and $197,226 at March 31, 2011, respectively	`ConvertibleDebtCurrent`	$1.89M	USD	Point-in-time
Line of credit and accrued interest	`LineOfCreditAndAccruedInterest`	$90.39K	USD	Point-in-time
Line of credit and accrued interest	`LineOfCreditAndAccruedInterest`	$90.38K	USD	Point-in-time
Current portion of related party notes payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$96.00K	USD	Point-in-time
Current portion of related party notes payable	`NotesPayableRelatedPartiesClassifiedCurrent`	$102.00K	USD	Point-in-time
Derivative liabilities	`DerivativeInstrumentsAndHedgesLiabilities`	$122.21K	USD	Point-in-time
Derivative liabilities	`DerivativeInstrumentsAndHedgesLiabilities`	$156.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.24M	USD	Point-in-time
Related party notes payable and accrued interest, net of current portion	`NotesPayableRelatedPartiesNoncurrent`	$1.42M	USD	Point-in-time
Related party notes payable and accrued interest, net of current portion	`NotesPayableRelatedPartiesNoncurrent`	$1.41M	USD	Point-in-time
Convertible debentures payable, net of current portion and discount of $0 at June 30, 2011 and $8,842 at March 31, 2011, respectively	`ConvertibleDebtNoncurrent`	-	USD	Point-in-time
Convertible debentures payable, net of current portion and discount of $0 at June 30, 2011 and $8,842 at March 31, 2011, respectively	`ConvertibleDebtNoncurrent`	$421.73K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.60M	USD	Point-in-time
Common stock, $0.001 par value; 250,000,000 shares authorized; 27,712,122 and 27,504,604 shares issued and outstanding at June 30, 2011 and March 31, 2011, respectively	`CommonStockValue`	$27.71K	USD	Point-in-time
Common stock, $0.001 par value; 250,000,000 shares authorized; 27,712,122 and 27,504,604 shares issued and outstanding at June 30, 2011 and March 31, 2011, respectively	`CommonStockValue`	$27.50K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$58.02M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$58.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-52.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-54.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.09M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.68M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.03M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`SalesRevenueNet`	$151.46K	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$123.75K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$354.28K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$394.54K	USD	1 Quarter
Gross loss	`GrossProfit`	$-230.53K	USD	1 Quarter
Gross loss	`GrossProfit`	$-243.07K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.63M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$943.26K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$122.12K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$101.23K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.07M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.73M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.96M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.31M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.44K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$6.86K	USD	1 Quarter
Interest expense	`InterestExpense`	$138.71K	USD	1 Quarter
Interest expense	`InterestExpense`	$133.31K	USD	1 Quarter
Change in fair value of derivative liabilities	`UnrealizedGainLossOnDerivatives`	$116.53K	USD	1 Quarter
Change in fair value of derivative liabilities	`UnrealizedGainLossOnDerivatives`	$34.28K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-18.74K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-92.17K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.05M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.33M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$1.60K	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$1.60K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.05M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.33M	USD	1 Quarter
Net loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	1 Quarter
Net loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.69M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.15M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.05M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$78.89K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$52.94K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$70.37K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$121.56K	USD	1 Quarter
Fair value of stock options and warrants issued to consultants, employees and directors	`FairValueOfStockOptionsAndWarrantsIssuedToConsultantsEmployeesAndDirectors`	$-171.59K	USD	1 Quarter
Fair value of stock options and warrants issued to consultants, employees and directors	`FairValueOfStockOptionsAndWarrantsIssuedToConsultantsEmployeesAndDirectors`	$-152.07K	USD	1 Quarter
Change in fair value of derivative instruments	`UnrealizedGainLossOnDerivatives`	$116.53K	USD	1 Quarter
Change in fair value of derivative instruments	`UnrealizedGainLossOnDerivatives`	$34.28K	USD	1 Quarter
Loss on disposal of Cryogenic shippers	`LossOnDisposalOfCryogenicShippers`	$-2.61K	USD	1 Quarter
Interest accrued on restricted cash	`InterestAccruedOnRestrictedCash`	$226.00	USD	1 Quarter
Interest accrued on restricted cash	`InterestAccruedOnRestrictedCash`	$148.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-48.22K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$20.15K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$739.00	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-64.45K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.92K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-205.51K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$36.00K	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInAccruedCompensationAndRelatedExpense`	$-9.29K	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInAccruedCompensationAndRelatedExpense`	$-128.67K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$12.58K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$15.01K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.55M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.25M	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$25.34K	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$44.38K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$210.85K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$44.48K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-255.23K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-69.81K	USD	1 Quarter
Repayments of convertible debentures payable	`RepaymentsOfConvertibleDebenturesPayable`	$576.63K	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$130.77K	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromIssuanceOfWarrants`	$132.00K	USD	1 Quarter
Repayments of related party notes payable	`RepaymentsOfRelatedPartyNotesPayable`	$30.00K	USD	1 Quarter
Repayments of related party notes payable	`RepaymentsOfRelatedPartyNotesPayable`	$30.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-605.40K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-30.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.22M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.53M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.63M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.28M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.06M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.63M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.28M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.06M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.10M	USD	Point-in-time
Interest	`InterestPaid`	$50.34K	USD	1 Quarter
Interest	`InterestPaid`	$2.13K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$1.60K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$1.60K	USD	1 Quarter
Deferred financing costs in connection with equity financing	`DeferredFinancingCostsInConnectionWithEquityFinancing`	$10.00K	USD	1 Quarter
Fair value of shares issued for services	`NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1`	23,999.00	shares	1 Quarter
Offering costs in connection with equity financing included in accounts payable	`OfferingCostsInConnectionWithEquityFinancingIncludedInAccountsPayable`	$27.50K	USD	1 Quarter
Cashless exercise of warrants	`CashlessExerciseOfWarrants`	$36.00	USD	1 Quarter

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