10-Q Filing

Cryoport, Inc. CIK: 1124524 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-355283`
Period End Date	20120630
Filing Date	20120814
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	cyrx-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 30 Cash Flow Statement 56

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$11.20K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$5.50K	USD	Point-in-time
Discount on convertible debentures, current	`DebtInstrumentUnamortizedDiscount`	$8.84K	USD	Point-in-time
Discount on convertible debentures, current	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	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`	$9.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.06M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$251.37K	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.50M	shares	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 $11,200 at June 30, 2012 and $5,500 at March 31, 2012	`AccountsReceivableNetCurrent`	$146.12K	USD	Point-in-time
Accounts receivable, net of allowances of $11,200 at June 30, 2012 and $5,500 at March 31, 2012	`AccountsReceivableNetCurrent`	$144.77K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$47.51K	USD	Point-in-time
Inventories	`InventoryNet`	$51.75K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$65.97K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$37.59K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.13M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.76M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$682.02K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$659.05K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.76M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.76M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$379.08K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.76M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$350.89K	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
Total assets	`Assets`	$4.23M	USD	Point-in-time
Total assets	`Assets`	$6.21M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$401.40K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$353.81K	USD	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$236.00K	USD	Point-in-time
Accrued compensation and related expenses	`EmployeeRelatedLiabilitiesCurrent`	$128.21K	USD	Point-in-time
Convertible debentures payable and accrued interest, net of discount of $0 at June 30, 2012 and $8,843 at March 31, 2012	`ConvertibleDebtCurrent`	$337.90K	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`	$37.33K	USD	Point-in-time
Derivative liabilities	`DerivativeInstrumentsAndHedgesLiabilities`	$18.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$596.02K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.11M	USD	Point-in-time
Related party notes payable and accrued interest, net of current portion	`NotesPayableRelatedPartiesNoncurrent`	$1.38M	USD	Point-in-time
Related party notes payable and accrued interest, net of current portion	`NotesPayableRelatedPartiesNoncurrent`	$1.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.48M	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; 37,760,628 and 37,760,628 shares issued and outstanding at June 30, 2012 and March 31, 2012 respectively	`CommonStockValue`	$37.76K	USD	Point-in-time
Common stock, $0.001 par value; 250,000,000 shares authorized; 37,760,628 and 37,760,628 shares issued and outstanding at June 30, 2012 and March 31, 2012 respectively	`CommonStockValue`	$37.76K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$63.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$63.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-59.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-61.47M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.26M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.73M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.23M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.21M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`SalesRevenueNet`	$123.75K	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$191.30K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$354.28K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$353.62K	USD	1 Quarter
Gross loss	`GrossProfit`	$-162.32K	USD	1 Quarter
Gross loss	`GrossProfit`	$-230.53K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.27M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.63M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$108.95K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$101.23K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.73M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.38M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.96M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.54M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$6.86K	USD	1 Quarter
Interest expense	`InterestExpense`	$24.60K	USD	1 Quarter
Interest expense	`InterestExpense`	$133.31K	USD	1 Quarter
Change in fair value of derivative liabilities	`UnrealizedGainLossOnDerivatives`	$34.28K	USD	1 Quarter
Change in fair value of derivative liabilities	`UnrealizedGainLossOnDerivatives`	$19.34K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-92.17K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-5.26K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.05M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.55M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$1.60K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.05M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.55M	USD	1 Quarter
Net loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Net loss per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.69M	shares	1 Quarter
Basic and diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.76M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.05M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$78.89K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$95.03K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$70.37K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$8.84K	USD	1 Quarter
Fair value of stock options and warrants issued to consultants, employees and directors	`FairValueOfStockOptionsAndWarrantsIssuedToConsultantsEmployeesAndDirectors`	$80.84K	USD	1 Quarter
Fair value of stock options and warrants issued to consultants, employees and directors	`FairValueOfStockOptionsAndWarrantsIssuedToConsultantsEmployeesAndDirectors`	$171.59K	USD	1 Quarter
Change in fair value of derivative instruments	`UnrealizedGainLossOnDerivatives`	$34.28K	USD	1 Quarter
Change in fair value of derivative instruments	`UnrealizedGainLossOnDerivatives`	$19.34K	USD	1 Quarter
Interest accrued on restricted cash	`InterestAccruedOnRestrictedCash`	$148.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$20.15K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.36K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$739.00	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-4.25K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-64.45K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-28.39K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.89K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$36.00K	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInAccruedCompensationAndRelatedExpense`	$-128.67K	USD	1 Quarter
Accrued compensation and related expenses	`IncreaseDecreaseInAccruedCompensationAndRelatedExpense`	$107.78K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-1.48K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$12.58K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.42M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.55M	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$25.34K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$43.87K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$44.48K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.87K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-69.81K	USD	1 Quarter
Repayments of convertible debentures payable	`RepaymentsOfConvertibleDebenturesPayable`	$82.80K	USD	1 Quarter
Repayments of convertible debentures payable	`RepaymentsOfConvertibleDebenturesPayable`	$576.63K	USD	1 Quarter
Payment of financing costs	`PaymentsOfFinancingCosts`	$130.77K	USD	1 Quarter
Payment of financing costs	`PaymentsOfFinancingCosts`	$78.48K	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromIssuanceOfWarrants`	$132.00K	USD	1 Quarter
Repayments of related party notes payable	`RepaymentsOfRelatedPartyNotesPayable`	$30.00K	USD	1 Quarter
Repayments of related party notes payable	`RepaymentsOfRelatedPartyNotesPayable`	$16.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-177.28K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-605.40K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.22M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.65M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.28M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.06M	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`	$9.28M	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`	$7.06M	USD	Point-in-time
Interest	`InterestPaid`	$12.58K	USD	1 Quarter
Interest	`InterestPaid`	$50.34K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$1.60K	USD	1 Quarter
Offering costs in connection with equity financing included in accounts payable	`OfferingCostsInConnectionWithEquityFinancingIncludedInAccountsPayable`	$27.50K	USD	1 Quarter
Cashless exercise of warrants	`CashlessExerciseOfWarrants`	$36.00	USD	1 Quarter
Release of restricted cash for repayment of convertible debentures payable	`ReleaseOfRestrictedCashForRepaymentOfConvertibleDebenturesPayable`	-	USD	1 Quarter
Release of restricted cash for repayment of convertible debentures payable	`ReleaseOfRestrictedCashForRepaymentOfConvertibleDebenturesPayable`	$251.37K	USD	1 Quarter

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