10-K Filing

Niagen Bioscience, Inc. CIK: 1386570 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001415889-12-000348`
Period End Date	20111231
Filing Date	20120315
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	cdxc-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 26 Cash Flow Statement 58 Stockholders Equity 14

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`	$9.00K	USD	Point-in-time
Intangible assets, less accumulated amortization	`IntangibleAssetsLessAccumulatedAmortization`	$834.17K	USD	Point-in-time
Intangible assets, less accumulated amortization	`IntangibleAssetsLessAccumulatedAmortization`	$990.42K	USD	Point-in-time
Cash	`Cash`	$2.23M	USD	Point-in-time
Cash	`Cash`	$471.38K	USD	Point-in-time
Cash	`Cash`	$420.15K	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts 2011 $9,000; 2010 $18,000	`AccountsReceivableNetCurrent`	$723.67K	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
Trade receivables, less allowance for doubtful accounts 2011 $9,000; 2010 $18,000	`AccountsReceivableNetCurrent`	$1.00M	USD	Point-in-time
Inventories	`InventoryNet`	$1.42M	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
Inventories	`InventoryNet`	$2.91M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	72.94M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	60.88M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$903.93K	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
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	72.94M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.95M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	60.88M	shares	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.17M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.30M	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$31.41K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$44.16K	USD	Point-in-time
Intangible assets, less accumulated amortization 2011 $834,169; 2010 $990,420	`IntangibleAssetsNetExcludingGoodwill`	$100.11K	USD	Point-in-time
Intangible assets, less accumulated amortization 2011 $834,169; 2010 $990,420	`IntangibleAssetsNetExcludingGoodwill`	$277.86K	USD	Point-in-time
Total deposits and other noncurrent assets	`OtherAssetsNoncurrent`	$309.27K	USD	Point-in-time
Total deposits and other noncurrent assets	`OtherAssetsNoncurrent`	$144.26K	USD	Point-in-time
Total assets	`Assets`	$6.51M	USD	Point-in-time
Total assets	`Assets`	$6.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$514.60K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.25M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$371.02K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$755.97K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$77.36K	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`	$199.69K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$62.66K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$59.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.34M	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$198.07K	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$164.73K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$200.89K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$233.82K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding 2011 72,939,996 and 2010 60,875,325 shares	`CommonStockValue`	$72.94K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding 2011 72,939,996 and 2010 60,875,325 shares	`CommonStockValue`	$60.88K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$20.54M	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`	$-18.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.56M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.94M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.05M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.27M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.51M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$8.11M	USD	Annual
Sales	`SalesRevenueGoodsNet`	$7.57M	USD	Annual
Cost of sales	`CostOfRevenue`	$5.64M	USD	Annual
Cost of sales	`CostOfRevenue`	$4.62M	USD	Annual
Gross profit	`GrossProfit`	$2.47M	USD	Annual
Gross profit	`GrossProfit`	$2.94M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$2.54M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$1.09M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.88M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$7.80M	USD	Annual
Operating expenses	`OperatingExpenses`	$10.34M	USD	Annual
Operating expenses	`OperatingExpenses`	$4.96M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-2.02M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-7.86M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$1.54K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$1.40K	USD	Annual
Interest expense	`InterestExpense`	$32.14K	USD	Annual
Interest expense	`InterestExpense`	$36.07K	USD	Annual
Nonoperating expenses	`NonoperatingIncomeExpense`	$-34.52K	USD	Annual
Nonoperating expenses	`NonoperatingIncomeExpense`	$-30.75K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.05M	USD	Annual
Net loss	`NetIncomeLoss`	$-7.89M	USD	Annual
Basic and Diluted loss per common share	`EarningsPerShareDiluted`	$-0.04	USD	Annual
Basic and Diluted loss per common share	`EarningsPerShareDiluted`	$-0.12	USD	Annual
Basic and Diluted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	68.31M	shares	Annual
Basic and Diluted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.25M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.05M	USD	Annual
Net loss	`NetIncomeLoss`	$-7.89M	USD	Annual
Depreciation of leasehold improvements and equipment	`Depreciation`	$313.78K	USD	Annual
Depreciation of leasehold improvements and equipment	`Depreciation`	$328.63K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$70.25K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$73.64K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$1.26M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$2.97M	USD	Annual
Loss from impairment of intangibles	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Loss from impairment of intangibles	`GoodwillAndIntangibleAssetImpairment`	$133.50K	USD	Annual
Loss from disposal of equipment	`LossFromDisposalOfEquipment`	-	USD	Annual
Loss from disposal of equipment	`LossFromDisposalOfEquipment`	$20.64K	USD	Annual
Trade receivables	`IncreaseDecreaseInReceivables`	$277.90K	USD	Annual
Trade receivables	`IncreaseDecreaseInReceivables`	$-503.63K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-1.48M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-500.27K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-672.71K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-127.36K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.74M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-33.71K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$100.77K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$384.95K	USD	Annual
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$-14.09K	USD	Annual
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$87.27K	USD	Annual
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-35.85K	USD	Annual
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-23.49K	USD	Annual
Due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	-	USD	Annual
Due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	$-1.18M	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.66M	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.10M	USD	Annual
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$150.66K	USD	Annual
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$169.14K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$26.00K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$30.00K	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-199.14K	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-176.66K	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$3.49M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$26.40K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$2.52M	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$1.19M	USD	Annual
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$62.61K	USD	Annual
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$81.71K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.47M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.62M	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.76M	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.81M	USD	Annual
Cash Beginning of Year	`Cash`	$2.23M	USD	Point-in-time
Cash Beginning of Year	`Cash`	$471.38K	USD	Point-in-time
Cash Beginning of Year	`Cash`	$420.15K	USD	Point-in-time
Cash Ending of Year	`Cash`	$2.23M	USD	Point-in-time
Cash Ending of Year	`Cash`	$471.38K	USD	Point-in-time
Cash Ending of Year	`Cash`	$420.15K	USD	Point-in-time
Cash payments for interest	`InterestPaid`	$32.14K	USD	Annual
Cash payments for interest	`InterestPaid`	$36.07K	USD	Annual
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	$264.96K	USD	Annual
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	$47.15K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$2.56M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$4.94M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$1.05M	USD	Point-in-time
Issuance of common stock, Amount	`StockIssuedDuringPeriodValueNewIssues`	$3.49M	USD	Annual
Exercise of warrants, Amount	`StockIssuedDuringPeriodValueOther`	$1.19M	USD	Annual
Exercise of warrants, Amount	`StockIssuedDuringPeriodValueOther`	$2.52M	USD	Annual
Share-based compensation	`SharebasedCompensation1`	$1.26M	USD	Annual
Share-based compensation	`SharebasedCompensation1`	$2.97M	USD	Annual
Exercise of stock options, Amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$26.40K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.05M	USD	Annual
Net loss	`NetIncomeLoss`	$-7.89M	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$2.56M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$4.94M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$1.05M	USD	Point-in-time

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