10-Q Filing

Cryoport, Inc. CIK: 1124524 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-045750`
Period End Date	20130630
Filing Date	20130814
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	cyrx-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 30 Cash Flow Statement 59

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$9.10K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$8.70K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$227.53K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$563.10K	USD	Point-in-time
Accounts receivable, net of allowances of $9,100 at June 30, 2013 and $8,700 at March 31, 2013	`AccountsReceivableNetCurrent`	$357.70K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowances of $9,100 at June 30, 2013 and $8,700 at March 31, 2013	`AccountsReceivableNetCurrent`	$217.10K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$39.21K	USD	Point-in-time
Inventories	`InventoryNet`	$52.86K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$138.89K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$185.01K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$823.11K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$958.30K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$505.49K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$575.02K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.76M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.26M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$272.26K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.26M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$244.54K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.76M	shares	Point-in-time
Discount on convertible debentures, current	`DebtInstrumentUnamortizedDiscount`	$107.00K	USD	Point-in-time
Deposits and other assets	`Depositsandotherassets`	$19.74K	USD	Point-in-time
Deposits and other assets	`Depositsandotherassets`	$19.74K	USD	Point-in-time
Discount on convertible debentures, current	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Total assets	`Assets`	$1.66M	USD	Point-in-time
Total assets	`Assets`	$1.76M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$858.71K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$823.19K	USD	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$217.43K	USD	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$280.44K	USD	Point-in-time
Convertible debentures payable and accrued interest, net of debt discount of $106,999 and $0, respectively	`ConvertibleDebtCurrent`	$1.30M	USD	Point-in-time
Convertible debentures payable and accrued interest, net of debt discount of $106,999 and $0, respectively	`ConvertibleDebtCurrent`	$2.18M	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`	$96.00K	USD	Point-in-time
Derivative liabilities	`DerivativeInstrumentsAndHedgesLiabilities`	$20.85K	USD	Point-in-time
Derivative liabilities	`DerivativeInstrumentsAndHedgesLiabilities`	$2.09K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.38M	USD	Point-in-time
Related party notes payable and accrued interest, net of current portion	`NotesPayableRelatedPartiesNoncurrent`	$1.32M	USD	Point-in-time
Related party notes payable and accrued interest, net of current portion	`NotesPayableRelatedPartiesNoncurrent`	$1.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.69M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 2,500,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 2,500,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 250,000,000 shares authorized; 38,260,628 shares issued and outstanding at June 30, 2013 and 37,760,628 shares issued and outstanding at March 31, 2013	`CommonStockValue`	$38.26K	USD	Point-in-time
Common stock, $0.001 par value; 250,000,000 shares authorized; 38,260,628 shares issued and outstanding at June 30, 2013 and 37,760,628 shares issued and outstanding at March 31, 2013	`CommonStockValue`	$37.76K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$64.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$64.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-66.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-67.63M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-3.02M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-2.06M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.66M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.76M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`SalesRevenueNet`	$191.30K	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$487.96K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$353.62K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$433.32K	USD	1 Quarter
Gross margin (loss)	`GrossProfit`	$54.64K	USD	1 Quarter
Gross margin (loss)	`GrossProfit`	$-162.32K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.27M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.22M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$92.64K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$108.95K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.38M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.31M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.54M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.26M	USD	1 Quarter
Interest expense	`InterestExpense`	$82.22K	USD	1 Quarter
Interest expense	`InterestExpense`	$24.60K	USD	1 Quarter
Change in fair value of derivative liabilities	`UnrealizedGainLossOnDerivatives`	$19.34K	USD	1 Quarter
Change in fair value of derivative liabilities	`UnrealizedGainLossOnDerivatives`	$18.76K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-5.26K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-63.46K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.32M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.55M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.55M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.32M	USD	1 Quarter
Net loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Net loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.76M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	38.06M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.55M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$89.44K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$95.03K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfDebtDiscountPremium`	$50.88K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfDebtDiscountPremium`	$8.84K	USD	1 Quarter
Fair value of stock options and warrants issued to employees, directors and consultants	`FairValueOfStockOptionsAndWarrantsIssuedToConsultantsEmployeesAndDirectors`	$-80.84K	USD	1 Quarter
Fair value of stock options and warrants issued to employees, directors and consultants	`FairValueOfStockOptionsAndWarrantsIssuedToConsultantsEmployeesAndDirectors`	$-157.20K	USD	1 Quarter
Change in fair value of derivative instruments	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$19.34K	USD	1 Quarter
Change in fair value of derivative instruments	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$18.76K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$140.60K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.36K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$13.65K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-4.25K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$10.77K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-28.39K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-54.28K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.89K	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInAccruedCompensationAndRelatedExpense`	$107.78K	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInAccruedCompensationAndRelatedExpense`	$-63.01K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$30.06K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-1.48K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.17M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.42M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$131.26K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$43.87K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.87K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-131.26K	USD	1 Quarter
Proceeds from issuance of convertible debt	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from issuance of convertible debt	`ProceedsFromConvertibleDebt`	$958.15K	USD	1 Quarter
Repayments of convertible debt	`RepaymentsOfConvertibleDebenturesPayable`	-	USD	1 Quarter
Repayments of convertible debt	`RepaymentsOfConvertibleDebenturesPayable`	$82.80K	USD	1 Quarter
Repayment of offering and deferred financing costs	`PaymentsOfFinancingCosts`	$67.47K	USD	1 Quarter
Repayment of offering and deferred financing costs	`PaymentsOfFinancingCosts`	$78.48K	USD	1 Quarter
Repayments of related party notes payable	`RepaymentsOfRelatedPartyNotesPayable`	$16.00K	USD	1 Quarter
Repayments of related party notes payable	`RepaymentsOfRelatedPartyNotesPayable`	$24.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfWarrants`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfWarrants`	$100.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromIssuanceOfWarrants`	$100.00K	USD	Point-in-time
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$966.68K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-177.28K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-335.57K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.65M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$227.53K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$563.10K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$227.53K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$563.10K	USD	Point-in-time
Interest	`InterestPaid`	$12.58K	USD	1 Quarter
Interest	`InterestPaid`	-	USD	1 Quarter
Release of restricted cash for repayment of convertible debentures payable	`ReleaseOfRestrictedCashForRepaymentOfConvertibleDebenturesPayable`	$251.37K	USD	1 Quarter
Release of restricted cash for repayment of convertible debentures payable	`ReleaseOfRestrictedCashForRepaymentOfConvertibleDebenturesPayable`	-	USD	1 Quarter
Deferred financing costs in connection with convertible debt payable included in accounts payable	`DeferredFinancingCostsInConnectionWithConvertibleDebtPayableIncludedInAccountsPayable`	-	USD	1 Quarter
Deferred financing costs in connection with convertible debt payable included in accounts payable	`DeferredFinancingCostsInConnectionWithConvertibleDebtPayableIncludedInAccountsPayable`	$70.23K	USD	1 Quarter
Estimated relative fair value of warrants issued in connection with convertible debt payable	`WarrantsNotSettleableInCashFairValueDisclosure`	$107.00K	USD	Point-in-time
Estimated relative fair value of warrants issued in connection with convertible debt payable	`WarrantsNotSettleableInCashFairValueDisclosure`	-	USD	Point-in-time

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