10-Q Filing

Niagen Bioscience, Inc. CIK: 1386570 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001415889-11-001232`
Period End Date	20110930
Filing Date	20111110
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	cdxc-20111001.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 54 Cash Flow Statement 63 Stockholders Equity 24

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, less allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$18.00K	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.00K	USD	Point-in-time
Cash	`Cash`	$2.07M	USD	Point-in-time
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
Cash	`Cash`	$471.38K	USD	Point-in-time
Cash	`Cash`	$2.99M	USD	Point-in-time
Cash	`Cash`	$2.23M	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts October 1, 2011 $14,000; January 1, 2011 $18,000	`AccountsReceivableNetCurrent`	$648.83K	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
Trade receivables, less allowance for doubtful accounts October 1, 2011 $14,000; January 1, 2011 $18,000	`AccountsReceivableNetCurrent`	$1.00M	USD	Point-in-time
Inventories	`InventoryNet`	$1.42M	USD	Point-in-time
Inventories	`InventoryNet`	$2.50M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	60.88M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	72.94M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$243.97K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	72.94M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	60.88M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$613.72K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.83M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.18M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.30M	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$43.16K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$31.41K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$248.01K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$277.86K	USD	Point-in-time
Total deposits and other noncurrent assets	`OtherAssetsNoncurrent`	$291.17K	USD	Point-in-time
Total deposits and other noncurrent assets	`OtherAssetsNoncurrent`	$309.27K	USD	Point-in-time
Total assets	`Assets`	$6.51M	USD	Point-in-time
Total assets	`Assets`	$7.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$514.60K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.31M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$371.02K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$712.47K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$70.88K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$78.58K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$239.75K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$112.43K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$62.66K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$59.93K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.39M	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$198.07K	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$147.88K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$233.82K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$215.74K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding October 1, 2011 72,939,996 shares; January 1, 2011 60,875,325 shares	`CommonStockValue`	$72.94K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding October 1, 2011 72,939,996 shares; January 1, 2011 60,875,325 shares	`CommonStockValue`	$60.88K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$20.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.16M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.94M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.55M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.51M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.31M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$1.83M	USD	1 Quarter
Sales	`SalesRevenueNet`	$1.56M	USD	1 Quarter
Sales	`SalesRevenueNet`	$6.30M	USD	3 Qtrs
Sales	`SalesRevenueNet`	$5.53M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$1.06M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$3.44M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$4.24M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$1.36M	USD	1 Quarter
Gross profit	`GrossProfit`	$466.47K	USD	1 Quarter
Gross profit	`GrossProfit`	$2.07M	USD	3 Qtrs
Gross profit	`GrossProfit`	$2.10M	USD	3 Qtrs
Gross profit	`GrossProfit`	$502.73K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$235.58K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$650.52K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.66M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$688.55K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.54M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.21M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.14M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.79M	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$1.38M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$7.45M	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$3.22M	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$2.86M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.13M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.40M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-873.67K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-5.38M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.09K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$578.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.16K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$295.00	USD	1 Quarter
Interest expense	`InterestExpense`	$24.60K	USD	3 Qtrs
Interest expense	`InterestExpense`	$10.13K	USD	1 Quarter
Interest expense	`InterestExpense`	$26.55K	USD	3 Qtrs
Interest expense	`InterestExpense`	$7.52K	USD	1 Quarter
Nonoperating expenses	`NonoperatingIncomeExpense`	$-25.46K	USD	3 Qtrs
Nonoperating expenses	`NonoperatingIncomeExpense`	$-7.23K	USD	1 Quarter
Nonoperating expenses	`NonoperatingIncomeExpense`	$-9.55K	USD	1 Quarter
Nonoperating expenses	`NonoperatingIncomeExpense`	$-23.45K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.16M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-883.22K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.84M	USD	1 Quarter
Basic and Diluted loss per common share	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Basic and Diluted loss per common share	`EarningsPerShareDiluted`	$-0.03	USD	3 Qtrs
Basic and Diluted loss per common share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted loss per common share	`EarningsPerShareDiluted`	$-0.08	USD	3 Qtrs
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.19M	shares	3 Qtrs
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	66.19M	shares	3 Qtrs
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.12M	shares	1 Quarter
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	70.63M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.40M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.16M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-883.22K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.84M	USD	1 Quarter
Depreciation	`Depreciation`	$247.02K	USD	3 Qtrs
Depreciation	`Depreciation`	$232.79K	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$55.05K	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$55.84K	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$2.47M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$768.70K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$706.22K	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$737.02K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$964.10K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInReceivables`	$352.73K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInReceivables`	$-86.38K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.08M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-545.56K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-381.50K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-171.82K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$267.29K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$791.95K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$341.45K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$113.24K	USD	3 Qtrs
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$127.33K	USD	3 Qtrs
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$-37.87K	USD	3 Qtrs
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-20.81K	USD	3 Qtrs
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-16.50K	USD	3 Qtrs
Due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	$-1.18M	USD	3 Qtrs
Due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	-	USD	3 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.81M	USD	3 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.50M	USD	3 Qtrs
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$126.37K	USD	3 Qtrs
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$124.76K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$30.00K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$26.00K	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-152.37K	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-154.76K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.49M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$26.40K	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$2.52M	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$1.04M	USD	3 Qtrs
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$57.89K	USD	3 Qtrs
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$44.62K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.49M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.48M	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.51M	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-157.15K	USD	3 Qtrs
Cash Beginning of Period	`Cash`	$2.07M	USD	Point-in-time
Cash Beginning of Period	`Cash`	$471.38K	USD	Point-in-time
Cash Beginning of Period	`Cash`	$2.99M	USD	Point-in-time
Cash Beginning of Period	`Cash`	$2.23M	USD	Point-in-time
Cash Ending of Period	`Cash`	$2.07M	USD	Point-in-time
Cash Ending of Period	`Cash`	$471.38K	USD	Point-in-time
Cash Ending of Period	`Cash`	$2.99M	USD	Point-in-time
Cash Ending of Period	`Cash`	$2.23M	USD	Point-in-time
Cash payments for interest	`InterestPaid`	$26.55K	USD	3 Qtrs
Cash payments for interest	`InterestPaid`	$24.60K	USD	3 Qtrs
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	$264.96K	USD	3 Qtrs
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	-	USD	3 Qtrs

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance, Amount	`StockholdersEquity`	$4.94M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$4.48M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$5.02M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$4.55M	USD	Point-in-time
Share-based compensation	`ShareBasedCompensation`	$2.47M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$768.70K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$706.22K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$737.02K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$964.10K	USD	1 Quarter
Exercise of stock options,Amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$19.35K	USD	1 Quarter
Exercise of stock options,Amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$7.05K	USD	1 Quarter
Exercise of warrants,Amount	`StockIssuedDuringPeriodValueOther`	$480.00K	USD	1 Quarter
Exercise of warrants,Amount	`StockIssuedDuringPeriodValueOther`	$528.00K	USD	1 Quarter
Exercise of warrants,Amount	`StockIssuedDuringPeriodValueOther`	$1.52M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.40M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.15M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-5.40M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-1.16M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-883.22K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.84M	USD	1 Quarter
Balance, Amount	`StockholdersEquity`	$4.94M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$4.48M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$5.02M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$4.55M	USD	Point-in-time

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