10-Q Filing

ROCK CREEK PHARMACEUTICALS, INC. CIK: 776008 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-096806`
Period End Date	20110930
Filing Date	20111109
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	cigx-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 66 Cash Flow Statement 47 Stockholders Equity 11

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.36M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	187.50M	shares	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$52.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	187.50M	shares	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$63.00K	USD	Point-in-time
Receivable from sale of licensing rights	`ReceivableFromSaleOfLicensingRights`	$32.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	135.06M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	127.12M	shares	Point-in-time
Receivable from sale of licensing rights	`ReceivableFromSaleOfLicensingRights`	$27.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	127.12M	shares	Point-in-time
Inventories, net	`InventoryNet`	$2.78M	USD	Point-in-time
Inventories, net	`InventoryNet`	$3.42M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	135.06M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$682.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$350.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.92M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.17M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.40M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$627.00K	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$587.00K	USD	Point-in-time
Receivable from sale of licensing rights, less current maturities	`ReceivableFromSaleOfLicensingRightsCurrentAssets`	$55.00K	USD	Point-in-time
Receivable from sale of licensing rights, less current maturities	`ReceivableFromSaleOfLicensingRightsCurrentAssets`	$80.00K	USD	Point-in-time
MSA escrow funds	`EscrowDeposit`	$368.00K	USD	Point-in-time
MSA escrow funds	`EscrowDeposit`	$368.00K	USD	Point-in-time
Total assets	`Assets`	$20.29M	USD	Point-in-time
Total assets	`Assets`	$17.33M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$2.52M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$2.52M	USD	Point-in-time
Accounts payable, trade	`AccountsPayableTradeCurrent`	$1.58M	USD	Point-in-time
Accounts payable, trade	`AccountsPayableTradeCurrent`	$2.29M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$669.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$424.00K	USD	Point-in-time
Due to stockholders	`DueToOfficersOrStockholdersCurrent`	$50.00K	USD	Point-in-time
Due to stockholders	`DueToOfficersOrStockholdersCurrent`	$50.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.53M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$3.16M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$5.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.69M	USD	Point-in-time
Commitments and contingencies (note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock(A)	`CommonStockValue`	$14.00K	USD	Point-in-time
Common stock(A)	`CommonStockValue`	$13.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$196.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$181.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-170.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-188.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.29M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$17.33M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$695.00K	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$819.00K	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$211.00K	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$401.00K	USD	1 Quarter
Product cost of goods sold	`CostOfGoodsSold`	$2.54M	USD	3 Qtrs
Product cost of goods sold	`CostOfGoodsSold`	$422.00K	USD	1 Quarter
Product cost of goods sold	`CostOfGoodsSold`	$1.64M	USD	3 Qtrs
Product cost of goods sold	`CostOfGoodsSold`	$1.57M	USD	1 Quarter
Federal excise taxes and USDA tobacco buyout program assessment	`FederalExciseTaxesAndUsdaTobaccoBuyoutProgramAssessment`	$3.00K	USD	1 Quarter
Federal excise taxes and USDA tobacco buyout program assessment	`FederalExciseTaxesAndUsdaTobaccoBuyoutProgramAssessment`	$10.00K	USD	3 Qtrs
Federal excise taxes and USDA tobacco buyout program assessment	`FederalExciseTaxesAndUsdaTobaccoBuyoutProgramAssessment`	$3.00K	USD	1 Quarter
Federal excise taxes and USDA tobacco buyout program assessment	`FederalExciseTaxesAndUsdaTobaccoBuyoutProgramAssessment`	$8.00K	USD	3 Qtrs
Gross loss	`GrossProfit`	$-214.00K	USD	1 Quarter
Gross loss	`GrossProfit`	$-1.73M	USD	3 Qtrs
Gross loss	`GrossProfit`	$-950.00K	USD	3 Qtrs
Gross loss	`GrossProfit`	$-1.17M	USD	1 Quarter
Marketing and distribution	`SellingAndMarketingExpense`	$703.00K	USD	1 Quarter
Marketing and distribution	`SellingAndMarketingExpense`	$2.21M	USD	3 Qtrs
Marketing and distribution	`SellingAndMarketingExpense`	$1.99M	USD	3 Qtrs
Marketing and distribution	`SellingAndMarketingExpense`	$815.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.61M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.35M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$17.71M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.37M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$210.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.06M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.19M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$15.74M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$5.34M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$22.07M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$4.52M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-4.74M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-23.02M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-17.48M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-6.51M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$12.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$11.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$62.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$41.00K	USD	3 Qtrs
Interest expense	`InterestExpenseDebt`	$300.00K	USD	3 Qtrs
Interest expense	`InterestExpenseDebt`	$207.00K	USD	3 Qtrs
Interest expense	`InterestExpenseDebt`	$96.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$63.00K	USD	1 Quarter
Miscellaneous income	`OtherNonoperatingExpense`	$-4.00K	USD	3 Qtrs
Miscellaneous income	`OtherNonoperatingExpense`	$5.00K	USD	3 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.57M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-23.25M	USD	3 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-17.65M	USD	3 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.82M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-17.65M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.82M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.57M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.25M	USD	3 Qtrs
Net loss basic and diluted per common share	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	3 Qtrs
Net loss basic and diluted per common share	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	3 Qtrs
Net loss basic and diluted per common share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Net loss basic and diluted per common share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	133.00B	shares	3 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	116.42B	shares	3 Qtrs
Weighted average shares outstanding, basic and diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	135.06B	shares	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	119.50B	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-17.65M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.82M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.57M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-23.25M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$220.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$275.00K	USD	3 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$44.00K	USD	3 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$-39.00K	USD	3 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$676.00K	USD	3 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$59.00K	USD	3 Qtrs
Loss (gain) on asset disposal	`GainLossOnDispositionOfAssets`	$-5.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$8.72M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.47M	USD	3 Qtrs
Current assets	`IncreaseDecreaseInOperatingAssets`	$3.63M	USD	3 Qtrs
Current assets	`IncreaseDecreaseInOperatingAssets`	$341.00K	USD	3 Qtrs
Current liabilities	`IncreaseDecreaseInOperatingLiabilities`	$208.00K	USD	3 Qtrs
Current liabilities	`IncreaseDecreaseInOperatingLiabilities`	$955.00K	USD	3 Qtrs
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.65M	USD	3 Qtrs
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.62M	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$10.00K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$61.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$990.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$465.00K	USD	3 Qtrs
Proceeds from sale of licensing rights	`ProceedsFromSaleOfLicensingRights`	$20.00K	USD	3 Qtrs
Proceeds from sale of licensing rights	`ProceedsFromSaleOfLicensingRights`	$18.00K	USD	3 Qtrs
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.03M	USD	3 Qtrs
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-455.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$13.83M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00M	USD	3 Qtrs
Proceeds from stock and warrant exercise	`ProceedsFromStockAndWarrantExercise`	$-3.16M	USD	3 Qtrs
Payments on long-term debt and capital lease obligation	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.36M	USD	3 Qtrs
Payments on long-term debt and capital lease obligation	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.89M	USD	3 Qtrs
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.47M	USD	3 Qtrs
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.27M	USD	3 Qtrs
Deposits to MSA escrow	`DepositsToMsaEscrow`	$-3.00K	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.83M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.19M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.36M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.19M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.36M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.36M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.19M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.36M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.17M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$65.00K	USD	3 Qtrs
Cash paid during the period for interest	`InterestPaid`	$91.00K	USD	3 Qtrs

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$8.64M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$10.66M	USD	Point-in-time
Stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$10.00M	USD	3 Qtrs
Warrant and option exercise	`WarrantAndOptionExercise`	$3.16M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.47M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-17.65M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-4.82M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-6.57M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-23.25M	USD	3 Qtrs
Ending balance	`StockholdersEquity`	$8.64M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$10.66M	USD	Point-in-time

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