10-Q Filing

Cryoport, Inc. CIK: 1124524 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-043294`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	cyrx-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 64 Cash Flow Statement 58

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$70.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$105.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.01M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.52M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $105,000 and $70,000, respectively	`AccountsReceivableNetCurrent`	$1.63M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $105,000 and $70,000, respectively	`AccountsReceivableNetCurrent`	$3.62M	USD	Point-in-time
Inventories	`InventoryNet`	$97.29K	USD	Point-in-time
Inventories	`InventoryNet`	$114.80K	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$516.43K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$502.62K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$17.30M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$24.23M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.45M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.70M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.04M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.51M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$90.65K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.70M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.45M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$117.82K	USD	Point-in-time
Deposits	`DepositsAssets`	$351.84K	USD	Point-in-time
Deposits	`DepositsAssets`	$363.40K	USD	Point-in-time
Total assets	`Assets`	$20.26M	USD	Point-in-time
Total assets	`Assets`	$27.74M	USD	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.21M	USD	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.23M	USD	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$925.51K	USD	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$902.92K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$19.11K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$26.65K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.13M	USD	Point-in-time
Deferred rent liability	`DeferredRentCreditNoncurrent`	$183.56K	USD	Point-in-time
Deferred rent liability	`DeferredRentCreditNoncurrent`	$192.20K	USD	Point-in-time
Total liabilities	`Liabilities`	$3.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.38M	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; 100,000,000 shares authorized; 28,450,653 and 25,701,924 issued and outstanding at June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$28.45K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 28,450,653 and 25,701,924 issued and outstanding at June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$25.70K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$149.29M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$160.98M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-136.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-131.43M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$24.42M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$27.74M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$20.26M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$4.63M	USD	1 Quarter
Revenues	`Revenues`	$5.63M	USD	2 Qtrs
Revenues	`Revenues`	$2.92M	USD	1 Quarter
Revenues	`Revenues`	$8.65M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$2.98M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$3.96M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$1.52M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$2.12M	USD	1 Quarter
Gross margin	`GrossProfit`	$1.39M	USD	1 Quarter
Gross margin	`GrossProfit`	$4.69M	USD	2 Qtrs
Gross margin	`GrossProfit`	$2.50M	USD	1 Quarter
Gross margin	`GrossProfit`	$2.65M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.49M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.67M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.74M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.79M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.85M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$2.31M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$1.24M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$3.44M	USD	2 Qtrs
Engineering and development	`ResearchAndDevelopmentExpense`	$230.74K	USD	1 Quarter
Engineering and development	`ResearchAndDevelopmentExpense`	$778.32K	USD	2 Qtrs
Engineering and development	`ResearchAndDevelopmentExpense`	$480.58K	USD	2 Qtrs
Engineering and development	`ResearchAndDevelopmentExpense`	$448.59K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$6.28M	USD	2 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$4.97M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$8.95M	USD	2 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$3.26M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.86M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.26M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.47M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.63M	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$15.69K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$26.00	USD	1 Quarter
Warrant inducement and repricing expense	`WarrantRepricingExpense`	-	USD	2 Qtrs
Warrant inducement and repricing expense	`WarrantRepricingExpense`	$899.41K	USD	2 Qtrs
Warrant inducement and repricing expense	`WarrantRepricingExpense`	-	USD	1 Quarter
Warrant inducement and repricing expense	`WarrantRepricingExpense`	-	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$3.46K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$7.12K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$3.46K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$22.89K	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.46M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.86M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.65M	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.14M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.82K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.64K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.23K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.65M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.47M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.15M	USD	2 Qtrs
Net loss per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Net loss per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	2 Qtrs
Net loss per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	2 Qtrs
Net loss per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.29M	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.80M	shares	2 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.81M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.97M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.65M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.86M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.47M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.15M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$379.19K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$307.90K	USD	2 Qtrs
Amortization of debt discounts and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	2 Qtrs
Amortization of debt discounts and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$6.13K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.57M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.45M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.50M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$794.56K	USD	1 Quarter
Warrant inducement and repricing expense	`FairValueAdjustmentOfWarrants`	-	USD	2 Qtrs
Warrant inducement and repricing expense	`FairValueAdjustmentOfWarrants`	$899.41K	USD	2 Qtrs
Loss on disposal of property and equipment	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-49.84K	USD	2 Qtrs
Loss on disposal of property and equipment	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-62.45K	USD	2 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$35.67K	USD	2 Qtrs
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$1.64K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInLongTermReceivablesCurrent`	$56.89K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInLongTermReceivablesCurrent`	$2.03M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-16.88K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-17.51K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-25.37K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$22.01K	USD	2 Qtrs
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$205.63K	USD	2 Qtrs
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$961.79K	USD	2 Qtrs
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-22.59K	USD	2 Qtrs
Accrued compensation and related expenses	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$179.29K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-1.84K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.33M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.40M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.02M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$969.08K	USD	2 Qtrs
Patent and trademark costs	`PaymentsToAcquireIntangibleAssets`	$24.73K	USD	2 Qtrs
Patent and trademark costs	`PaymentsToAcquireIntangibleAssets`	$27.17K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.05M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-996.25K	USD	2 Qtrs
Proceeds from the public offering, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from the public offering, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$11.41M	USD	2 Qtrs
Proceeds from February 2018 tender offer, net of offering costs	`ProceedsFromIssuanceOfWarrants`	-	USD	2 Qtrs
Proceeds from February 2018 tender offer, net of offering costs	`ProceedsFromIssuanceOfWarrants`	$4.64M	USD	2 Qtrs
Proceeds from exercise of stock options and warrants	`ProceedsFromWarrantExercises`	$3.65M	USD	2 Qtrs
Proceeds from exercise of stock options and warrants	`ProceedsFromWarrantExercises`	$25.44K	USD	2 Qtrs
Repayment of related-party notes payable	`RepaymentsOfConvertibleDebt`	$656.22K	USD	2 Qtrs
Repayment of related-party notes payable	`RepaymentsOfConvertibleDebt`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.29M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.78M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.97M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.33M	USD	2 Qtrs
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.04M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.01M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.85M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.52M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.04M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.01M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.85M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.52M	USD	Point-in-time

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