10-Q Filing

ROCK CREEK PHARMACEUTICALS, INC. CIK: 776008 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-027678`
Period End Date	20120331
Filing Date	20120510
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	cigx-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 34 Cash Flow Statement 48 Stockholders Equity 9

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.75M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$28.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$39.00K	USD	Point-in-time
Receivable from sale of licensing rights	`ReceivableFromSaleOfLicensingRights`	$31.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	207.50M	shares	Point-in-time
Receivable from sale of licensing rights	`ReceivableFromSaleOfLicensingRights`	$30.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	207.50M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	139.26M	shares	Point-in-time
Inventories, net	`InventoryNet`	$2.95M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	145.71M	shares	Point-in-time
Inventories, net	`InventoryNet`	$2.74M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.45M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$737.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	145.71M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	139.26M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$13.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.74M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.21M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.35M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$578.00K	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$564.00K	USD	Point-in-time
Receivable from sale of licensing rights, less current maturities	`ReceivableFromSaleOfLicensingRightsNoncurrent`	$42.00K	USD	Point-in-time
Receivable from sale of licensing rights, less current maturities	`ReceivableFromSaleOfLicensingRightsNoncurrent`	$50.00K	USD	Point-in-time
MSA escrow funds	`EscrowDeposit`	$379.00K	USD	Point-in-time
MSA escrow funds	`EscrowDeposit`	$368.00K	USD	Point-in-time
Total assets	`Assets`	$17.08M	USD	Point-in-time
Total assets	`Assets`	$23.93M	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`	$1.85M	USD	Point-in-time
Accounts payable, trade	`AccountsPayableTradeCurrent`	$2.01M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$482.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$738.00K	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`	$5.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.16M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$1.90M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$2.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.96M	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`	$15.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$230.81M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$218.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-213.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-208.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$9.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$16.98M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$23.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$17.08M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$156.00K	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.17M	USD	1 Quarter
Product cost of goods sold	`CostOfGoodsSold`	$439.00K	USD	1 Quarter
Product cost of goods sold	`CostOfGoodsSold`	$920.00K	USD	1 Quarter
Federal excise taxes	`ExciseTaxesOnProducts`	$3.00K	USD	1 Quarter
Federal excise taxes	`ExciseTaxesOnProducts`	$2.00K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$247.00K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-286.00K	USD	1 Quarter
Marketing and distribution	`SellingAndMarketingExpense`	$1.20M	USD	1 Quarter
Marketing and distribution	`SellingAndMarketingExpense`	$822.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.27M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.33M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$649.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$843.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.38M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.74M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-6.03M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-5.13M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$7.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$17.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$75.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$49.00K	USD	1 Quarter
Miscellaneous income	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Miscellaneous income	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.08M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.17M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.08M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.17M	USD	1 Quarter
Basic and diluted net loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Basic and diluted net loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Weighted average shares outstanding, basic and diluted (in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	129.31M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in shares)	`WeightedAverageSharesOutstandingBasicAndDiluted`	141.64M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-6.08M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.17M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$124.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$92.00K	USD	1 Quarter
(Recovery) provision for bad debt	`ProvisionForDoubtfulAccounts`	$1.00K	USD	1 Quarter
(Recovery) provision for bad debt	`ProvisionForDoubtfulAccounts`	$-2.00K	USD	1 Quarter
Provision for inventory obsolescence	`InventoryWriteDown`	$-6.00K	USD	1 Quarter
Provision for inventory obsolescence	`InventoryWriteDown`	$33.00K	USD	1 Quarter
Loss on asset disposal	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on asset disposal	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$298.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.06M	USD	1 Quarter
Current assets	`IncreaseDecreaseInOperatingAssets`	$71.00K	USD	1 Quarter
Current assets	`IncreaseDecreaseInOperatingAssets`	$904.00K	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-67.00K	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInOperatingLiabilities`	$290.00K	USD	1 Quarter
Net cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.73M	USD	1 Quarter
Net cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.68M	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$3.00K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$3.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$255.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of licensing rights	`ProceedsFromSaleOfLicensingRights`	$7.00K	USD	1 Quarter
Proceeds from sale of licensing rights	`ProceedsFromSaleOfLicensingRights`	$7.00K	USD	1 Quarter
Net cash flows from (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-251.00K	USD	1 Quarter
Net cash flows from (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$4.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$9.00M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.66M	USD	1 Quarter
Proceeds from stock option and warrant exercise	`ProceedsFromStockAndWarrantExercise`	$10.80M	USD	1 Quarter
Proceeds from stock option and warrant exercise	`ProceedsFromStockAndWarrantExercise`	$2.11M	USD	1 Quarter
Payments on long-term debt and capital lease obligation	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$630.00K	USD	1 Quarter
Payments on long-term debt and capital lease obligation	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$630.00K	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.83M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.48M	USD	1 Quarter
MSA escrow deposits	`DepositsToMsaEscrow`	$-11.00K	USD	1 Quarter
MSA escrow deposits	`DepositsToMsaEscrow`	-	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.55M	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.09M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.19M	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`	$16.28M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.75M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.19M	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`	$16.28M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.75M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$77.00K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	$51.00K	USD	1 Quarter

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$9.39M	USD	Point-in-time
Balances	`StockholdersEquity`	$16.98M	USD	Point-in-time
Stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$1.66M	USD	1 Quarter
Warrant and option exercise	`WarrantAndOptionExercise`	$10.80M	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$298.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-6.08M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-5.17M	USD	1 Quarter
Balances	`StockholdersEquity`	$9.39M	USD	Point-in-time
Balances	`StockholdersEquity`	$16.98M	USD	Point-in-time

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