10-Q Filing

Niagen Bioscience, Inc. CIK: 1386570 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001415889-12-000666`
Period End Date	20120331
Filing Date	20120510
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	cdxc-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 26 Cash Flow Statement 56 Stockholders Equity 8

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, less allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.00K	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$12.00K	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`	$5.81M	USD	Point-in-time
Cash	`Cash`	$2.23M	USD	Point-in-time
Cash	`Cash`	$420.15K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Cash	`Cash`	$2.90M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Trade receivables, less allowance for doubtful accounts March 31, 2012 $12,000; December 31, 2011 $9,000	`AccountsReceivableNetCurrent`	$723.67K	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts March 31, 2012 $12,000; December 31, 2011 $9,000	`AccountsReceivableNetCurrent`	$1.40M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	88.20M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	72.94M	shares	Point-in-time
Inventories	`InventoryNet`	$2.91M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	88.20M	shares	Point-in-time
Inventories	`InventoryNet`	$4.05M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	72.94M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$903.93K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$371.88K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.63M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.14M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.17M	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$56.73K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$44.16K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$98.72K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$100.11K	USD	Point-in-time
Total deposits and other noncurrent assets	`OtherAssetsNoncurrent`	$155.45K	USD	Point-in-time
Total deposits and other noncurrent assets	`OtherAssetsNoncurrent`	$144.26K	USD	Point-in-time
Total assets	`Assets`	$12.92M	USD	Point-in-time
Total assets	`Assets`	$6.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.07M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$857.20K	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`	$81.23K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$219.80K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$199.69K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$59.55K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$59.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.28M	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$164.73K	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$189.38K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$185.27K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$200.89K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding March 31, 2012 88,204,548 shares; December 31, 2011 72,939,996 shares	`CommonStockValue`	$88.20K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding March 31, 2012 88,204,548 shares; December 31, 2011 72,939,996 shares	`CommonStockValue`	$72.94K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$30.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$20.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.49M	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`	$8.27M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.92M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.27M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$2.54M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$1.79M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$2.39M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.52M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-604.21K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$1.02M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$445.51K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.86M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.96M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.72M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$2.17M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$3.82M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.15M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-4.42M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$434.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.20K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.87K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.26K	USD	1 Quarter
Nonoperating expenses	`NonoperatingIncomeExpense`	$-8.44K	USD	1 Quarter
Nonoperating expenses	`NonoperatingIncomeExpense`	$-7.07K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.16M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.43M	USD	1 Quarter
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	84.71M	shares	1 Quarter
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.94M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.16M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.43M	USD	1 Quarter
Depreciation	`Depreciation`	$81.96K	USD	1 Quarter
Depreciation	`Depreciation`	$85.42K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$3.39K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$18.37K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$65.99K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$737.02K	USD	1 Quarter
Loss from disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss from disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.88K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInReceivables`	$676.99K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInReceivables`	$236.69K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-116.75K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.15M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-519.48K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-43.05K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$816.22K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$466.05K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$101.23K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$97.27K	USD	1 Quarter
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$81.86K	USD	1 Quarter
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$20.11K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-1.95K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-15.81K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.66M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$247.29K	USD	1 Quarter
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.71K	USD	1 Quarter
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$58.69K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.00K	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.71K	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-58.69K	USD	1 Quarter
Proceeds from issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$10.07M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$19.35K	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$480.00K	USD	1 Quarter
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$18.63K	USD	1 Quarter
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$22.26K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$480.72K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.05M	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$669.32K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.39M	USD	1 Quarter
Cash Beginning of Period	`Cash`	$5.81M	USD	Point-in-time
Cash Beginning of Period	`Cash`	$2.23M	USD	Point-in-time
Cash Beginning of Period	`Cash`	$420.15K	USD	Point-in-time
Cash Beginning of Period	`Cash`	$2.90M	USD	Point-in-time
Cash Ending of Period	`Cash`	$5.81M	USD	Point-in-time
Cash Ending of Period	`Cash`	$2.23M	USD	Point-in-time
Cash Ending of Period	`Cash`	$420.15K	USD	Point-in-time
Cash Ending of Period	`Cash`	$2.90M	USD	Point-in-time
Cash payments for interest	`InterestPaid`	$8.26K	USD	1 Quarter
Cash payments for interest	`InterestPaid`	$8.87K	USD	1 Quarter
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	$50.79K	USD	1 Quarter
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	-	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$2.56M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$8.27M	USD	Point-in-time
Share-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$65.99K	USD	1 Quarter
Issuance of common stock, Amount	`StockIssuedDuringPeriodValueNewIssues`	$10.07M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.16M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.43M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$2.56M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$8.27M	USD	Point-in-time

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