10-Q Filing

Niagen Bioscience, Inc. CIK: 1386570 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001415889-11-000758`
Period End Date	20110630
Filing Date	20110811
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	cdxc-20110702.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 53 Cash Flow Statement 59 Stockholders Equity 17

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Cash	`Cash`	$2.04M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	60.88M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	65.72M	shares	Point-in-time
Cash	`Cash`	$2.23M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	60.88M	shares	Point-in-time
Trade receivables, net	`ReceivablesNetCurrent`	$1.00M	USD	Point-in-time
Trade receivables, net	`ReceivablesNetCurrent`	$841.88K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	65.72M	shares	Point-in-time
Inventories	`InventoryNet`	$1.97M	USD	Point-in-time
Inventories	`InventoryNet`	$1.42M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$673.32K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$243.97K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.53M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.30M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.24M	USD	Point-in-time
Total assets	`Assets`	$6.51M	USD	Point-in-time
Total assets	`Assets`	$7.06M	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$31.41K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$31.41K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$256.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$277.86K	USD	Point-in-time
Total deposits and other noncurrent assets	`OtherAssetsNoncurrent`	$287.42K	USD	Point-in-time
Total deposits and other noncurrent assets	`OtherAssetsNoncurrent`	$309.27K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$514.60K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$371.02K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$544.13K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$73.83K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$78.58K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$112.43K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$159.27K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$59.08K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$62.66K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.19M	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$164.90K	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$198.07K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$233.82K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$226.57K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding July 2, 2011 65,718,566 shares; January 1, 2011 60,875,325 shares	`CommonStockValue`	$60.88K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding July 2, 2011 65,718,566 shares; January 1, 2011 60,875,325 shares	`CommonStockValue`	$65.72K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.94M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.06M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.51M	USD	Point-in-time

Income Statement 53 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$1.94M	USD	1 Quarter
Sales	`Revenues`	$4.48M	USD	2 Qtrs
Sales	`Revenues`	$3.97M	USD	2 Qtrs
Sales	`Revenues`	$2.03M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.36M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$2.38M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$2.88M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$1.26M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.59M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.60M	USD	2 Qtrs
Gross profit	`GrossProfit`	$775.69K	USD	1 Quarter
Gross profit	`GrossProfit`	$580.92K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$565.98K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.01M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$228.35K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$452.97K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.39M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.57M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$840.54K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.85M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$2.42M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$4.58M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$1.07M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$1.85M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.83M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.98M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-253.88K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-293.20K	USD	1 Quarter
Interest expense	`InterestExpense`	$10.73K	USD	1 Quarter
Interest expense	`InterestExpense`	$17.08K	USD	2 Qtrs
Interest expense	`InterestExpense`	$8.21K	USD	1 Quarter
Interest expense	`InterestExpense`	$16.43K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$864.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$430.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$397.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$517.00	USD	2 Qtrs
Nonoperating loss	`NonoperatingIncomeExpense`	$-15.91K	USD	2 Qtrs
Nonoperating loss	`NonoperatingIncomeExpense`	$-7.78K	USD	1 Quarter
Nonoperating loss	`NonoperatingIncomeExpense`	$-16.22K	USD	2 Qtrs
Nonoperating loss	`NonoperatingIncomeExpense`	$-10.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.00M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-269.79K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.16M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.84M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-303.53K	USD	1 Quarter
Basic and Diluted loss per common share	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Basic and Diluted loss per common share	`EarningsPerShareDiluted`	$-0.05	USD	2 Qtrs
Basic and Diluted loss per common share	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Basic and Diluted loss per common share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.23M	shares	2 Qtrs
Basic and Diluted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.62M	shares	1 Quarter
Basic and Diluted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.00M	shares	1 Quarter
Basic and Diluted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	63.97M	shares	2 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.00M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-269.79K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.16M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.84M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-303.53K	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.06M	USD	2 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.47M	USD	2 Qtrs
Depreciation	`Depreciation`	$151.92K	USD	2 Qtrs
Depreciation	`Depreciation`	$165.88K	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$36.47K	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$36.85K	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$1.51M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$282.46K	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInReceivables`	$347.68K	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInReceivables`	$-159.68K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$241.90K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$551.50K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$135.73K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$429.35K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$842.41K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$238.63K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$173.11K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$56.05K	USD	2 Qtrs
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$-55.06K	USD	2 Qtrs
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$46.84K	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-10.84K	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-7.97K	USD	2 Qtrs
Due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	-	USD	2 Qtrs
Due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	$-1.18M	USD	2 Qtrs
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$102.95K	USD	2 Qtrs
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$79.45K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$30.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$15.00K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-109.45K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-117.95K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.49M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$26.40K	USD	2 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$1.03M	USD	2 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$1.01M	USD	2 Qtrs
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$37.91K	USD	2 Qtrs
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$27.25K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.49M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$996.48K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-181.61K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.91M	USD	2 Qtrs
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$471.38K	USD	Point-in-time
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.38M	USD	Point-in-time
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.23M	USD	Point-in-time
Cash Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.04M	USD	Point-in-time
Cash Ending of Period	`CashAndCashEquivalentsAtCarryingValue`	$471.38K	USD	Point-in-time
Cash Ending of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.38M	USD	Point-in-time
Cash Ending of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.23M	USD	Point-in-time
Cash Ending of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.04M	USD	Point-in-time
Cash payments for interest	`InterestPaid`	$17.08K	USD	2 Qtrs
Cash payments for interest	`InterestPaid`	$16.43K	USD	2 Qtrs
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	-	USD	2 Qtrs
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	$-264.96K	USD	2 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$5.02M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$4.48M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$4.94M	USD	Point-in-time
Share-based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$737.02K	USD	1 Quarter
Share-based compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$768.70K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$19.35K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$7.05K	USD	1 Quarter
Exercise of warrants	`StockIssuedDuringPeriodValueOther`	$480.00K	USD	1 Quarter
Exercise of warrants	`StockIssuedDuringPeriodValueOther`	$528.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.00M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-269.79K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.16M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.84M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-303.53K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$5.02M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$4.48M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$4.94M	USD	Point-in-time

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