10-Q Filing

Cryoport, Inc. CIK: 1124524 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-119493`
Period End Date	20160630
Filing Date	20160815
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	cyrx-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 38 Cash Flow Statement 60

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.53M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $20,900 and $22,100, respectively	`AccountsReceivableNetCurrent`	$1.02M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$20.90K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$22.10K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $20,900 and $22,100, respectively	`AccountsReceivableNetCurrent`	$1.02M	USD	Point-in-time
Inventories	`InventoryNet`	$69.80K	USD	Point-in-time
Inventories	`InventoryNet`	$83.54K	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$248.73K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$288.95K	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
Total current assets	`AssetsCurrent`	$4.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.91M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.32M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.41M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$4.86K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$8.58K	USD	Point-in-time
Deposits	`DepositsAssets`	$363.40K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deposits	`DepositsAssets`	$363.40K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total assets	`Assets`	$7.69M	USD	Point-in-time
Total assets	`Assets`	$5.82M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.12M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.25M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.25M	shares	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.27M	USD	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.37M	USD	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$376.84K	USD	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$508.75K	USD	Point-in-time
Related-party notes payable and accrued interest, net of discount of $18,700 and $24,900, respectively	`NotesPayableRelatedPartiesClassifiedCurrent`	$392.90K	USD	Point-in-time
Related-party notes payable and accrued interest, net of discount of $18,700 and $24,900, respectively	`NotesPayableRelatedPartiesClassifiedCurrent`	$863.56K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.61M	USD	Point-in-time
Related-party notes payable, net of current portion	`NotesPayableRelatedPartiesNoncurrent`	$554.27K	USD	Point-in-time
Related-party notes payable, net of current portion	`NotesPayableRelatedPartiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$2.73M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.61M	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; 50,000,000 shares authorized; 15,120,479 and 12,251,313 issued and outstanding at June 30, 2016 and March 31, 2016, respectively	`CommonStockValue`	$15.12K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; 15,120,479 and 12,251,313 issued and outstanding at June 30, 2016 and March 31, 2016, respectively	`CommonStockValue`	$12.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$116.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$122.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-117.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-113.13M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.09M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$5.82M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.69M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueNet`	$1.43M	USD	1 Quarter
Revenues	`SalesRevenueNet`	$1.92M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$943.15K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.14M	USD	1 Quarter
Gross margin	`GrossProfit`	$781.95K	USD	1 Quarter
Gross margin	`GrossProfit`	$487.91K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.14M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.43M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.20M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$884.61K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$135.80K	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`	$2.76M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.98M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.62M	USD	1 Quarter
Interest expense	`InterestExpense`	$303.80K	USD	1 Quarter
Interest expense	`InterestExpense`	$21.24K	USD	1 Quarter
Warrant repricing expense	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Warrant repricing expense	`FairValueAdjustmentOfWarrants`	$1.93M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-975.00	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-1.92K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.93M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.92M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.32K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.48K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.93M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.92M	USD	1 Quarter
Preferred stock beneficial conversion charge	`OtherPreferredStockDividendsAndAdjustments`	-	USD	1 Quarter
Preferred stock beneficial conversion charge	`OtherPreferredStockDividendsAndAdjustments`	$4.47M	USD	1 Quarter
Undeclared cumulative preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Undeclared cumulative preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$208.49K	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.61M	USD	1 Quarter
Net loss attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.93M	USD	1 Quarter
Net loss per share attributable to common stockholders - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.31	USD	1 Quarter
Net loss per share attributable to common stockholders - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.28	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.06M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.20M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.93M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$45.67K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$97.85K	USD	1 Quarter
Amortization of debt discounts and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$6.20K	USD	1 Quarter
Amortization of debt discounts and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$286.13K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$480.38K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$749.20K	USD	1 Quarter
Warrant repricing expense	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Warrant repricing expense	`FairValueAdjustmentOfWarrants`	$1.93M	USD	1 Quarter
Loss on disposal of property and equipment	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	1 Quarter
Loss on disposal of property and equipment	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-9.12K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$3.34K	USD	1 Quarter
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$7.42K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInLongTermReceivablesCurrent`	$1.69K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInLongTermReceivablesCurrent`	$171.08K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$13.74K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$35.12K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$16.02K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$25.19K	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-247.51K	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-160.48K	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-285.46K	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-131.91K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-1.19K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$9.02K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.45M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.87M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$193.86K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$109.61K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-109.61K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-193.86K	USD	1 Quarter
Proceeds from the tender offer, net of offering costs	`ProceedsFromIssuanceOfWarrants`	-	USD	1 Quarter
Proceeds from the tender offer, net of offering costs	`ProceedsFromIssuanceOfWarrants`	$2.29M	USD	1 Quarter
Proceeds from the rights offering, net of offering costs	`ProceedsFromRightsOfferingNetOfOfferingCost`	$-1.19M	USD	1 Quarter
Proceeds from the rights offering, net of offering costs	`ProceedsFromRightsOfferingNetOfOfferingCost`	-	USD	1 Quarter
Proceeds from the issuance of Class A and Class B convertible preferred stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$3.90M	USD	1 Quarter
Proceeds from the issuance of Class A and Class B convertible preferred stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from exercise of stock options and warrants	`ProceedsFromWarrantExercises`	$10.88K	USD	1 Quarter
Proceeds from exercise of stock options and warrants	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Repayment of notes payable	`RepaymentsOfNotesPayable`	$741.38K	USD	1 Quarter
Payment for deferred offering costs	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Payment for deferred offering costs	`PaymentsOfFinancingCosts`	$89.55K	USD	1 Quarter
Repayment of related-party notes payable	`RepaymentsOfConvertibleDebt`	$98.83K	USD	1 Quarter
Repayment of related-party notes payable	`RepaymentsOfConvertibleDebt`	$112.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.38M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.96M	USD	1 Quarter
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$980.73K	USD	1 Quarter
Net change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$1.73M	USD	1 Quarter
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	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`	$1.41M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.53M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.79M	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`	$1.41M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.53M	USD	Point-in-time
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`	-	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

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