10-Q Filing

Niagen Bioscience, Inc. CIK: 1386570 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001415889-12-001164`
Period End Date	20120630
Filing Date	20120809
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	cdxc-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 60 Cash Flow Statement 59 Stockholders Equity 16

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, less allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$15.00K	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.00K	USD	Point-in-time
Cash	`Cash`	$2.04M	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$420.15K	USD	Point-in-time
Cash	`Cash`	$2.23M	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.75	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$2.21M	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts June 30, 2012 $15,000; December 31, 2011 $9,000	`AccountsReceivableNetCurrent`	$723.67K	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 June 30, 2012 $15,000; December 31, 2011 $9,000	`AccountsReceivableNetCurrent`	$988.20K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	90.31M	shares	Point-in-time
Inventories	`InventoryNet`	$5.25M	USD	Point-in-time
Inventories	`InventoryNet`	$2.91M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	72.94M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$522.77K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	72.94M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	90.31M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$903.93K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.98M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.07M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.17M	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$55.80K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$44.16K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$95.31K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$100.11K	USD	Point-in-time
Total deposits and other noncurrent assets	`OtherAssetsNoncurrent`	$151.11K	USD	Point-in-time
Total deposits and other noncurrent assets	`OtherAssetsNoncurrent`	$144.26K	USD	Point-in-time
Total assets	`Assets`	$10.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.40M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$755.97K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$542.45K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$77.36K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$76.89K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$169.61K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$199.69K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$63.37K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$59.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.34M	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$171.17K	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$164.73K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$167.23K	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 June 30, 2012 90,313,834 shares; December 31, 2011 72,939,996 shares	`CommonStockValue`	$72.94K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding June 30, 2012 90,313,834 shares; December 31, 2011 72,939,996 shares	`CommonStockValue`	$90.31K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$31.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$20.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.27M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.56M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$10.20M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.27M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$4.48M	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$4.48M	USD	6 Qtrs
Sales	`SalesRevenueGoodsNet`	$1.94M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$4.46M	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$2.67M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$2.88M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$2.88M	USD	6 Qtrs
Cost of sales	`CostOfRevenue`	$1.36M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.91M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$4.30M	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$580.92K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$1.60M	USD	6 Qtrs
Gross profit (loss)	`GrossProfit`	$1.60M	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$160.48K	USD	2 Qtrs
Gross profit (loss)	`GrossProfit`	$764.70K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.01M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$3.73M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$1.87M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.01M	USD	6 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$565.98K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.88M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.57M	USD	6 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.57M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.85M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$4.58M	USD	6 Qtrs
Operating expenses	`OperatingExpenses`	$2.42M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$8.57M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$4.75M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$4.58M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-3.99M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.98M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.83M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-8.41M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.98M	USD	6 Qtrs
Interest income	`InvestmentIncomeInterest`	$864.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.25K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$430.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.06K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.83K	USD	2 Qtrs
Interest expense	`InterestExpense`	$7.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$17.08K	USD	2 Qtrs
Interest expense	`InterestExpense`	$8.21K	USD	1 Quarter
Nonoperating expenses	`NonoperatingIncomeExpense`	$-13.57K	USD	2 Qtrs
Nonoperating expenses	`NonoperatingIncomeExpense`	$-6.51K	USD	1 Quarter
Nonoperating expenses	`NonoperatingIncomeExpense`	$-7.78K	USD	1 Quarter
Nonoperating expenses	`NonoperatingIncomeExpense`	$-16.22K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.00M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.84M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.43M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.99M	USD	1 Quarter
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	2 Qtrs
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	2 Qtrs
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Basic and Diluted weighted average common shares outstanding	`BasicAndDilutedWeightedAverageCommonSharesOutstanding`	65.00M	shares	1 Quarter
Basic and Diluted weighted average common shares outstanding	`BasicAndDilutedWeightedAverageCommonSharesOutstanding`	63.97M	shares	2 Qtrs
Basic and Diluted weighted average common shares outstanding	`BasicAndDilutedWeightedAverageCommonSharesOutstanding`	91.36M	shares	1 Quarter
Basic and Diluted weighted average common shares outstanding	`BasicAndDilutedWeightedAverageCommonSharesOutstanding`	88.03M	shares	2 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.00M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.84M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.43M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.99M	USD	1 Quarter
Depreciation	`Depreciation`	$165.88K	USD	2 Qtrs
Depreciation	`Depreciation`	$166.75K	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$6.80K	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$36.85K	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$1.26M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$1.51M	USD	2 Qtrs
Loss from disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.88K	USD	2 Qtrs
Loss from disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInReceivables`	$-264.54K	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInReceivables`	$159.68K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.35M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-551.50K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$369.53K	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`	$1.15M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-213.52K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$173.11K	USD	2 Qtrs
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$-30.08K	USD	2 Qtrs
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$46.84K	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-10.84K	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-30.03K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.06M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.35M	USD	2 Qtrs
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$102.95K	USD	2 Qtrs
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.21K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.00K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$15.00K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-117.95K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.21K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.16M	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`	$45.00K	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`	$44.81K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$996.48K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.16M	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.79M	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-181.61K	USD	2 Qtrs
Cash Beginning of Period	`Cash`	$2.04M	USD	Point-in-time
Cash Beginning of Period	`Cash`	$420.15K	USD	Point-in-time
Cash Beginning of Period	`Cash`	$2.23M	USD	Point-in-time
Cash Beginning of Period	`Cash`	$2.21M	USD	Point-in-time
Cash Ending of Period	`Cash`	$2.04M	USD	Point-in-time
Cash Ending of Period	`Cash`	$420.15K	USD	Point-in-time
Cash Ending of Period	`Cash`	$2.23M	USD	Point-in-time
Cash Ending of Period	`Cash`	$2.21M	USD	Point-in-time
Cash payments for interest	`InterestPaid`	$15.83K	USD	2 Qtrs
Cash payments for interest	`InterestPaid`	$17.08K	USD	2 Qtrs
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	$50.79K	USD	2 Qtrs
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	-	USD	2 Qtrs

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$5.60M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$8.27M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$2.56M	USD	Point-in-time
Share-based compensation, Amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$65.99K	USD	1 Quarter
Share-based compensation, Amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.20M	USD	1 Quarter
Issuance of common stock, net of offering costs of $1,104,759, Amount	`StockIssuedDuringPeriodValueNewIssues`	$10.07M	USD	1 Quarter
Issuance of common stock for vested restricted stock, Amount	`IssuanceOfCommonStockForVestedRestrictedStockAmount`	$88.20K	USD	1 Quarter
Exercise of warrants, Amount	`ExerciseOfWarrantsAmount`	$45.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.00M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.84M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.43M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.99M	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$5.60M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$8.27M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$2.56M	USD	Point-in-time

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