10-Q Filing

ROCK CREEK PHARMACEUTICALS, INC. CIK: 776008 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-060932`
Period End Date	20120930
Filing Date	20121109
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	stsi-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 70 Cash Flow Statement 54 Stockholders Equity 23

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.36M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	207.50M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	207.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.19M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	146.28M	shares	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$22.00K	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$39.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	139.26M	shares	Point-in-time
Receivable from sale of licensing rights	`ReceivableFromSaleOfLicensingRights`	$32.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	146.28M	shares	Point-in-time
Receivable from sale of licensing rights	`ReceivableFromSaleOfLicensingRights`	$30.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	139.26M	shares	Point-in-time
Inventories, net	`InventoryNet`	$2.74M	USD	Point-in-time
Inventories, net	`InventoryNet`	$4.89M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$737.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.73M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.35M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.01M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$551.00K	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$578.00K	USD	Point-in-time
Receivable from sale of licensing rights, less current maturities	`ReceivableFromSaleOfLicensingRightsNoncurrent`	$50.00K	USD	Point-in-time
Receivable from sale of licensing rights, less current maturities	`ReceivableFromSaleOfLicensingRightsNoncurrent`	$26.00K	USD	Point-in-time
MSA escrow funds	`EscrowDeposit`	$368.00K	USD	Point-in-time
MSA escrow funds	`EscrowDeposit`	$481.00K	USD	Point-in-time
Total assets	`Assets`	$18.50M	USD	Point-in-time
Total assets	`Assets`	$17.08M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$2.52M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$12.00K	USD	Point-in-time
Accounts payable, trade	`AccountsPayableTradeCurrent`	$1.85M	USD	Point-in-time
Accounts payable, trade	`AccountsPayableTradeCurrent`	$4.41M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$738.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$757.00K	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`	$5.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.22M	USD	Point-in-time
Long-term debt, less current maturities (note 4 and 6)	`LongTermDebtNoncurrent`	$2.53M	USD	Point-in-time
Long-term debt, less current maturities (note 4 and 6)	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$5.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.69M	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	`CommonStockValue`	$14.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$15.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$218.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$234.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-221.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-208.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$13.28M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$11.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$16.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$9.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$17.08M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$18.50M	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$401.00K	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$819.00K	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$4.51M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$1.75M	USD	1 Quarter
Product cost of goods sold	`CostOfGoodsSold`	$3.56M	USD	3 Qtrs
Product cost of goods sold	`CostOfGoodsSold`	$2.54M	USD	3 Qtrs
Product cost of goods sold	`CostOfGoodsSold`	$1.57M	USD	1 Quarter
Product cost of goods sold	`CostOfGoodsSold`	$1.57M	USD	1 Quarter
Federal excise taxes and USDA tobacco buyout program assessment	`ExciseTaxesOnProducts`	$3.00K	USD	1 Quarter
Federal excise taxes and USDA tobacco buyout program assessment	`ExciseTaxesOnProducts`	$3.00K	USD	1 Quarter
Federal excise taxes and USDA tobacco buyout program assessment	`ExciseTaxesOnProducts`	$8.00K	USD	3 Qtrs
Federal excise taxes and USDA tobacco buyout program assessment	`ExciseTaxesOnProducts`	$8.00K	USD	3 Qtrs
Gross profit (loss)	`GrossProfit`	$171.00K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-1.73M	USD	3 Qtrs
Gross profit (loss)	`GrossProfit`	$-1.17M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$939.00K	USD	3 Qtrs
Marketing and distribution	`SellingAndMarketingExpense`	$4.47M	USD	3 Qtrs
Marketing and distribution	`SellingAndMarketingExpense`	$1.80M	USD	1 Quarter
Marketing and distribution	`SellingAndMarketingExpense`	$2.21M	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`	$11.35M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.62M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.71M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.47M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.06M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.57M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.19M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$6.90M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$15.74M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$20.75M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$5.34M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-6.51M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-17.48M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-19.81M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-6.73M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$15.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$41.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$4.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$12.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$13.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$104.00K	USD	3 Qtrs
Interest expense	`InterestExpenseDebt`	$63.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$207.00K	USD	3 Qtrs
Miscellaneous income (Notes 6 and 9)	`OtherNonoperatingIncomeExpense`	$7.10M	USD	1 Quarter
Miscellaneous income (Notes 6 and 9)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Miscellaneous income (Notes 6 and 9)	`OtherNonoperatingIncomeExpense`	$7.10M	USD	3 Qtrs
Miscellaneous income (Notes 6 and 9)	`OtherNonoperatingIncomeExpense`	$-5.00K	USD	3 Qtrs
Net profit (loss) before income taxes	`IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple`	$366.00K	USD	1 Quarter
Net profit (loss) before income taxes	`IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple`	$-6.57M	USD	1 Quarter
Net profit (loss) before income taxes	`IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple`	$-12.80M	USD	3 Qtrs
Net profit (loss) before income taxes	`IncomeLossBeforeExtraordinaryItemsAndCumulativeEffectOfChangeInAccountingPrinciple`	$-17.65M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net Profit (loss)	`NetIncomeLoss`	$-5.17M	USD	1 Quarter
Net Profit (loss)	`NetIncomeLoss`	$366.00K	USD	1 Quarter
Net Profit (loss)	`NetIncomeLoss`	$-8.00M	USD	1 Quarter
Net Profit (loss)	`NetIncomeLoss`	$-17.65M	USD	3 Qtrs
Net Profit (loss)	`NetIncomeLoss`	$-12.80M	USD	3 Qtrs
Net Profit (loss)	`NetIncomeLoss`	$-6.57M	USD	1 Quarter
Basic and diluted net loss per common share (in dollars per share)	`IncomeLossFromOperationsBeforeExtraordinaryItemsPerBasicAndDilutedShare`	$-0.13	USD	3 Qtrs
Basic and diluted net loss per common share (in dollars per share)	`IncomeLossFromOperationsBeforeExtraordinaryItemsPerBasicAndDilutedShare`	$-0.05	USD	1 Quarter
Basic and diluted net loss per common share (in dollars per share)	`IncomeLossFromOperationsBeforeExtraordinaryItemsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted net loss per common share (in dollars per share)	`IncomeLossFromOperationsBeforeExtraordinaryItemsPerBasicAndDilutedShare`	$-0.09	USD	3 Qtrs
Basic and diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	146.10M	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	144.51M	shares	3 Qtrs
Basic and diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	135.06M	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	133.00M	shares	3 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.17M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$366.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-17.65M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-12.80M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-6.57M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$374.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$275.00K	USD	3 Qtrs
Recovery of bad debts	`ProvisionForDoubtfulAccounts`	$-39.00K	USD	3 Qtrs
Recovery of bad debts	`ProvisionForDoubtfulAccounts`	$-5.00K	USD	3 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$241.00K	USD	3 Qtrs
Provision for inventory obsolescence	`InventoryWriteDown`	$676.00K	USD	3 Qtrs
Loss on asset disposal	`GainLossOnSaleOfPropertyPlantEquipment`	$-5.00K	USD	3 Qtrs
Loss on asset disposal	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.17M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.47M	USD	3 Qtrs
Gain on extinguishment of long- term debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$3.36M	USD	3 Qtrs
Gain on extinguishment of long- term debt	`ExtinguishmentOfDebtGainLossNetOfTax`	-	USD	3 Qtrs
Current assets	`IncreaseDecreaseInOperatingAssets`	$2.63M	USD	3 Qtrs
Current assets	`IncreaseDecreaseInOperatingAssets`	$341.00K	USD	3 Qtrs
Current liabilities	`IncreaseDecreaseInOperatingLiabilities`	$955.00K	USD	3 Qtrs
Current liabilities	`IncreaseDecreaseInOperatingLiabilities`	$2.58M	USD	3 Qtrs
Net cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.65M	USD	3 Qtrs
Net cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.44M	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$24.00K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$10.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.00K	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`	$22.00K	USD	3 Qtrs
Net cash flows from (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.00K	USD	3 Qtrs
Net cash flows from (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-455.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.66M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00M	USD	3 Qtrs
Proceeds from stock option and warrant exercise	`ProceedsFromStockAndWarrantExercise`	$11.86M	USD	3 Qtrs
Proceeds from stock option and warrant exercise	`ProceedsFromStockAndWarrantExercise`	$3.16M	USD	3 Qtrs
Payments on long-term debt and capital lease obligation	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.68M	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`	$11.27M	USD	3 Qtrs
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.84M	USD	3 Qtrs
MSA escrow deposits	`DepositsToMsaEscrow`	$113.00K	USD	3 Qtrs
MSA escrow deposits	`DepositsToMsaEscrow`	-	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-732.00K	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.83M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.19M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.36M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.46M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.19M	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`	$10.36M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.46M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.19M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$109.00K	USD	3 Qtrs
Cash paid during the period for interest	`InterestPaid`	$214.00K	USD	3 Qtrs

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$13.28M	USD	Point-in-time
Balances	`StockholdersEquity`	$11.69M	USD	Point-in-time
Balances	`StockholdersEquity`	$16.98M	USD	Point-in-time
Balances	`StockholdersEquity`	$9.39M	USD	Point-in-time
Stock issuance	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$1.66M	USD	1 Quarter
Stock issuance	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Warrant and option exercise	`WarrantAndOptionExercise`	$10.80M	USD	1 Quarter
Warrant and option exercise	`WarrantAndOptionExercise`	$645.00K	USD	1 Quarter
Warrant and option exercise	`WarrantAndOptionExercise`	$419.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$298.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$578.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.29M	USD	1 Quarter
Net profit (loss)	`NetIncomeLoss`	$-5.17M	USD	1 Quarter
Net profit (loss)	`NetIncomeLoss`	$366.00K	USD	1 Quarter
Net profit (loss)	`NetIncomeLoss`	$-8.00M	USD	1 Quarter
Net profit (loss)	`NetIncomeLoss`	$-17.65M	USD	3 Qtrs
Net profit (loss)	`NetIncomeLoss`	$-12.80M	USD	3 Qtrs
Net profit (loss)	`NetIncomeLoss`	$-6.57M	USD	1 Quarter
Balances	`StockholdersEquity`	$13.28M	USD	Point-in-time
Balances	`StockholdersEquity`	$11.69M	USD	Point-in-time
Balances	`StockholdersEquity`	$16.98M	USD	Point-in-time
Balances	`StockholdersEquity`	$9.39M	USD	Point-in-time

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