10-Q Filing

Cryoport, Inc. CIK: 1124524 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-046982`
Period End Date	20150630
Filing Date	20150806
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	cyrx-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 34 Cash Flow Statement 62

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$170.50K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$369.58K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $10,400 and $12,200, respectively	`AccountsReceivableNetCurrent`	$757.44K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $10,400 and $12,200, respectively	`AccountsReceivableNetCurrent`	$589.70K	USD	Point-in-time
Inventories	`InventoryNet`	$104.80K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$12.20K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$10.40K	USD	Point-in-time
Inventories	`InventoryNet`	$69.68K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$97.34K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$263.23K	USD	Point-in-time
Debt Instrument, Unamortized Discount	`DebtInstrumentUnamortizedDiscount`	$280.40K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.16M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.51M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.50M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$307.93K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	585,000.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$381.36K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.50M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.50M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$127.33K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$136.82K	USD	Point-in-time
Total assets	`Assets`	$4.02M	USD	Point-in-time
Total assets	`Assets`	$2.61M	USD	Point-in-time
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
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.83M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.83M	shares	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$562.34K	USD	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$758.70K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.07M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.03M	shares	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$725.71K	USD	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$440.25K	USD	Point-in-time
Notes payable and accrued interest, net of discount of $221,400 at March 31, 2015	`NotesPayableCurrent`	$535.51K	USD	Point-in-time
Notes payable and accrued interest, net of discount of $221,400 at March 31, 2015	`NotesPayableCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.07M	shares	Point-in-time
Related-party notes payable and accrued interest, net of discount of $194,900 and $259,600, respectively	`NotesPayableRelatedPartiesClassifiedCurrent`	$976.58K	USD	Point-in-time
Related-party notes payable and accrued interest, net of discount of $194,900 and $259,600, respectively	`NotesPayableRelatedPartiesClassifiedCurrent`	$970.11K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.00M	USD	Point-in-time
Related-party notes payable, net of current portion	`NotesPayableRelatedPartiesNoncurrent`	-	USD	Point-in-time
Related-party notes payable, net of current portion	`NotesPayableRelatedPartiesNoncurrent`	$26.45K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.97M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 20,833,333 shares authorized; 5,065,799 and 5,025,577 issued and outstanding at June 30, 2015 and March 31, 2015, respectively	`CommonStockValue`	$5.03K	USD	Point-in-time
Common stock, $0.001 par value; 20,833,333 shares authorized; 5,065,799 and 5,025,577 issued and outstanding at June 30, 2015 and March 31, 2015, respectively	`CommonStockValue`	$5.07K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$106.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$97.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-97.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-104.17M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$2.05M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-416.30K	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.61M	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$4.02M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$1.43M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$936.59K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$943.15K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$597.23K	USD	1 Quarter
Gross margin	`GrossProfit`	$339.36K	USD	1 Quarter
Gross margin	`GrossProfit`	$487.91K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.03M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.43M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$79.24K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$77.72K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$2.10M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$1.51M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.17M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.62M	USD	1 Quarter
Interest expense	`InterestExpense`	$303.80K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.13M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$953.00	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-975.00	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.92M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.60K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.32K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.92M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.30M	USD	1 Quarter
Preferred stock beneficial conversion charge	`OtherPreferredStockDividendsAndAdjustments`	$741.79K	USD	1 Quarter
Preferred stock beneficial conversion charge	`OtherPreferredStockDividendsAndAdjustments`	$4.47M	USD	1 Quarter
Undeclared cumulative preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$208.49K	USD	1 Quarter
Undeclared cumulative preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$27.72K	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.61M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.07M	USD	1 Quarter
Net loss per share attributable to common stockholders - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.61	USD	1 Quarter
Net loss per share attributable to common stockholders - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.31	USD	1 Quarter
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.06M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.00M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.92M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$45.67K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$55.14K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$286.13K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.11M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$480.38K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$167.09K	USD	1 Quarter
Loss on disposal of cryogenic shippers	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-1.69K	USD	1 Quarter
Loss on disposal of cryogenic shippers	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	1 Quarter
Provision for (recovery of) bad debt	`ProvisionForDoubtfulAccounts`	$-5.35K	USD	1 Quarter
Provision for (recovery of) bad debt	`ProvisionForDoubtfulAccounts`	$3.34K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$171.08K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-28.31K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$8.90K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$35.12K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$25.19K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$13.39K	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-247.51K	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-20.23K	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-285.46K	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$47.73K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-1.19K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$18.11K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.87M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-917.05K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$109.61K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-109.61K	USD	1 Quarter
Proceeds from the issuance of preferred stock, net of offering costs	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$780.34K	USD	1 Quarter
Proceeds from the issuance of preferred stock, net of offering costs	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$3.90M	USD	1 Quarter
Proceeds from exercise of stock options and warrants	`ProceedsFromIssuanceOfWarrants`	$10.88K	USD	1 Quarter
Proceeds from exercise of stock options and warrants	`ProceedsFromIssuanceOfWarrants`	$11.63K	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$741.38K	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Payment for deferred offering costs	`PaymentsOfFinancingCosts`	$89.55K	USD	1 Quarter
Payment for deferred offering costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Repayment of convertible debentures	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Repayment of convertible debentures	`RepaymentsOfConvertibleDebt`	$50.00K	USD	1 Quarter
Repayment of related party notes payable	`RepaymentsOfRelatedPartyDebt`	$24.00K	USD	1 Quarter
Repayment of related party notes payable	`RepaymentsOfRelatedPartyDebt`	$112.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$717.97K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.96M	USD	1 Quarter
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-199.08K	USD	1 Quarter
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$980.73K	USD	1 Quarter
Cash and cash equivalents ? beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash and cash equivalents ? beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.39M	USD	Point-in-time
Cash and cash equivalents ? beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$170.50K	USD	Point-in-time
Cash and cash equivalents ? beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$369.58K	USD	Point-in-time
Cash and cash equivalents ? end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash and cash equivalents ? end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.39M	USD	Point-in-time
Cash and cash equivalents ? end of period	`CashAndCashEquivalentsAtCarryingValue`	$170.50K	USD	Point-in-time
Cash and cash equivalents ? end of period	`CashAndCashEquivalentsAtCarryingValue`	$369.58K	USD	Point-in-time
Offering costs in connection with convertible preferred stock included in accounts payable	`LiabilitiesAssumed1`	$9.66K	USD	1 Quarter
Offering costs in connection with convertible preferred stock included in accounts payable	`LiabilitiesAssumed1`	-	USD	1 Quarter
Deferred offering costs in connection with secondary public offering included in accounts payable	`DeferredFinancingCostsInConnectionWithConvertibleDebtPayableIncludedInAccountsPayable`	$51.15K	USD	1 Quarter
Deferred offering costs in connection with secondary public offering included in accounts payable	`DeferredFinancingCostsInConnectionWithConvertibleDebtPayableIncludedInAccountsPayable`	-	USD	1 Quarter
Accretion of convertible preferred stock beneficial conversion feature and relative fair value of warrants issued in connection with the convertible preferred stock units to accumulated deficit	`ConvertiblePreferredStockBeneficialConversionFeatureAndFairValueOfWarrantsIssued`	$4.47M	USD	1 Quarter
Accretion of convertible preferred stock beneficial conversion feature and relative fair value of warrants issued in connection with the convertible preferred stock units to accumulated deficit	`ConvertiblePreferredStockBeneficialConversionFeatureAndFairValueOfWarrantsIssued`	$741.79K	USD	1 Quarter
Conversion of convertible debentures payable and accrued interest into convertible preferred stock units	`DebtConversionOriginalDebtAmount1`	-	USD	1 Quarter
Conversion of convertible debentures payable and accrued interest into convertible preferred stock units	`DebtConversionOriginalDebtAmount1`	$1.77M	USD	1 Quarter

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