10-Q Filing

ROCK CREEK PHARMACEUTICALS, INC. CIK: 776008 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-027785`
Period End Date	20130331
Filing Date	20130510
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	stsi-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 36 Cash Flow Statement 52 Stockholders Equity 9

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.19M	USD	Point-in-time
Receivable from sale of licensing rights	`ReceivableFromSaleOfLicensingRights`	$34.00K	USD	Point-in-time
Receivable from sale of licensing rights	`ReceivableFromSaleOfLicensingRights`	$33.00K	USD	Point-in-time
Inventories, net	`InventoryNet`	$5.18M	USD	Point-in-time
Inventories, net	`InventoryNet`	$4.99M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.09M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$760.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$51.00K	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	213.50B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	213.50B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$29.28M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	166.35B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	166.49B	shares	Point-in-time
Total current assets	`AssetsCurrent`	$22.08M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.34M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	166.49B	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.27M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	166.35B	shares	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$541.00K	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$524.00K	USD	Point-in-time
Receivable from sale of licensing rights, less current maturities	`ReceivableFromSaleOfLicensingRightsNoncurrent`	$9.00K	USD	Point-in-time
Receivable from sale of licensing rights, less current maturities	`ReceivableFromSaleOfLicensingRightsNoncurrent`	$18.00K	USD	Point-in-time
MSA escrow funds	`EscrowDeposit`	$481.00K	USD	Point-in-time
MSA escrow funds	`EscrowDeposit`	$481.00K	USD	Point-in-time
Assets held for sale of discontinued operations	`AssetsHeldForSaleAtCarryingValue`	$263.00K	USD	Point-in-time
Assets held for sale of discontinued operations	`AssetsHeldForSaleAtCarryingValue`	$263.00K	USD	Point-in-time
Total assets	`Assets`	$31.92M	USD	Point-in-time
Total assets	`Assets`	$24.63M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$7.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$2.00K	USD	Point-in-time
Accounts payable, trade	`AccountsPayableTradeCurrent`	$2.20M	USD	Point-in-time
Accounts payable, trade	`AccountsPayableTradeCurrent`	$2.40M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.91M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.72M	USD	Point-in-time
Due to stockholders	`DueToOfficersOrStockholdersCurrent`	$50.00K	USD	Point-in-time
Due to stockholders	`DueToOfficersOrStockholdersCurrent`	$50.00K	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.76M	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$674.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.94M	USD	Point-in-time
Commitments and contingencies (note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (note 7)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock (A)	`CommonStockValue`	$17.00K	USD	Point-in-time
Common stock (A)	`CommonStockValue`	$17.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$256.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$257.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-231.53M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-239.75M	USD	Point-in-time
Total stockholders' equity (B)	`StockholdersEquity`	$24.98M	USD	Point-in-time
Total stockholders' equity (B)	`StockholdersEquity`	$17.79M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$31.92M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$24.63M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$1.07M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$2.51M	USD	1 Quarter
Product cost of goods sold	`CostOfGoodsSold`	$1.39M	USD	1 Quarter
Product cost of goods sold	`CostOfGoodsSold`	$624.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$445.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.12M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.04M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$3.15M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.80M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.24M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$843.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$9.34M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.12M	USD	1 Quarter
Operating loss from continuing operations	`OperatingIncomeLoss`	$-4.68M	USD	1 Quarter
Operating loss from continuing operations	`OperatingIncomeLoss`	$-8.22M	USD	1 Quarter
Other income (expense),net	`OtherNonoperatingExpense`	$42.00K	USD	1 Quarter
Other income (expense),net	`OtherNonoperatingExpense`	$2.00K	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.72M	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.22M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-8.22M	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-4.72M	USD	1 Quarter
Loss from discontinued operations, net	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-453.00K	USD	1 Quarter
Loss from discontinued operations, net	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.17M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.22M	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.05	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	1 Quarter
Total loss per common share; basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Total loss per common share; basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Weighted average shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	166.49B	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	141.64B	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`IncomeLossFromContinuingOperations`	$-8.22M	USD	1 Quarter
Net loss	`IncomeLossFromContinuingOperations`	$-4.72M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$83.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$83.00K	USD	1 Quarter
Provision for inventory obsolescence	`InventoryWriteDown`	$5.00K	USD	1 Quarter
Provision for inventory obsolescence	`InventoryWriteDown`	$20.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$298.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.00M	USD	1 Quarter
Current assets	`IncreaseDecreaseInOperatingAssets`	$-961.00K	USD	1 Quarter
Current assets	`IncreaseDecreaseInOperatingAssets`	$134.00K	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-100.00K	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInOperatingLiabilities`	$992.00K	USD	1 Quarter
Net cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.01M	USD	1 Quarter
Net cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.38M	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.00K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Proceeds from sale of licensing rights	`ProceedsFromSaleOfLicensingRights`	$7.00K	USD	1 Quarter
Proceeds from sale of licensing rights	`ProceedsFromSaleOfLicensingRights`	$8.00K	USD	1 Quarter
Net cash flows from (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.00K	USD	1 Quarter
Net cash flows from (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$8.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.66M	USD	1 Quarter
Proceeds from stock option and warrant exercise	`ProceedsFromStockOptionsExercised`	$10.80M	USD	1 Quarter
Proceeds from stock option and warrant exercise	`ProceedsFromStockOptionsExercised`	$30.00K	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`	$5.00K	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.83M	USD	1 Quarter
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.00K	USD	1 Quarter
MSA escrow deposits	`DepositsToMsaEscrow`	-	USD	1 Quarter
MSA escrow deposits	`DepositsToMsaEscrow`	$11.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents from continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-5.97M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents from continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$6.44M	USD	1 Quarter
Net cash flows used in operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-351.00K	USD	1 Quarter
Net cash flows used in operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-1.04M	USD	1 Quarter
Net cash flows used in investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash flows used in investing activities	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash flows from financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash flows from financing activities	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash flows from discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-1.04M	USD	1 Quarter
Net cash flows from discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-351.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.01M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.09M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.28M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.11M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.12M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.19M	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`	$16.11M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.12M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.19M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	-	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`	$24.98M	USD	Point-in-time
Balances	`StockholdersEquity`	$17.79M	USD	Point-in-time
Stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$337.00K	USD	1 Quarter
Warrant and option exercise	`WarrantAndOptionExercise`	$30.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$666.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-5.17M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-8.22M	USD	1 Quarter
Balances	`StockholdersEquity`	$24.98M	USD	Point-in-time
Balances	`StockholdersEquity`	$17.79M	USD	Point-in-time

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