10-Q Filing

Niagen Bioscience, Inc. CIK: 1386570 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001415889-12-001612`
Period End Date	20120930
Filing Date	20121108
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	cdxc-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 54 Cash Flow Statement 57 Stockholders Equity 24

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, less allowance for doubtful accounts and returns	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.00K	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts and returns	`AllowanceForDoubtfulAccountsReceivableCurrent`	$920.00K	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	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
Cash	`Cash`	$420.15K	USD	Point-in-time
Cash	`Cash`	$1.24M	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 and returns September 29, 2012 $920,000; December 31, 2011 $9,000	`AccountsReceivableNetCurrent`	$1.20M	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts and returns September 29, 2012 $920,000; December 31, 2011 $9,000	`AccountsReceivableNetCurrent`	$723.67K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	72.94M	shares	Point-in-time
Inventories	`InventoryNet`	$5.44M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	91.65M	shares	Point-in-time
Inventories	`InventoryNet`	$2.91M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	91.65M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$392.95K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$903.93K	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
Total current assets	`AssetsCurrent`	$8.27M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$987.73K	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.17M	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$44.16K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$32.17K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$140.83K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$100.11K	USD	Point-in-time
Total deposits and other noncurrent assets	`OtherAssetsNoncurrent`	$173.00K	USD	Point-in-time
Total deposits and other noncurrent assets	`OtherAssetsNoncurrent`	$144.26K	USD	Point-in-time
Total assets	`Assets`	$9.43M	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`	$2.84M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$755.97K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$664.77K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$77.36K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$72.60K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$199.69K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$257.00K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$59.74K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$67.21K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.90M	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$152.42K	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`	$148.54K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding September 29, 2012 91,650,062 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 September 29, 2012 91,650,062 shares; December 31, 2011 72,939,996 shares	`CommonStockValue`	$91.65K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$20.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.02M	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`	$2.56M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.27M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.27M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.43M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$6.30M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$8.09M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$1.83M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$3.63M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.36M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$4.24M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$6.67M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$2.38M	USD	1 Quarter
Gross profit	`GrossProfit`	$466.47K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.41M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.25M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.07M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$1.66M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$802.17K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$4.53M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$650.52K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.83M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.79M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.98M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.21M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$11.36M	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$2.79M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$7.45M	USD	3 Qtrs
Operating expenses	`OperatingExpenses`	$2.86M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.53M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-9.94M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-5.38M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.40M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$469.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.16K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$295.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.73K	USD	3 Qtrs
Interest expense	`InterestExpense`	$22.69K	USD	3 Qtrs
Interest expense	`InterestExpense`	$7.52K	USD	1 Quarter
Interest expense	`InterestExpense`	$24.60K	USD	3 Qtrs
Interest expense	`InterestExpense`	$6.87K	USD	1 Quarter
Nonoperating expenses	`NonoperatingIncomeExpense`	$-6.40K	USD	1 Quarter
Nonoperating expenses	`NonoperatingIncomeExpense`	$-7.23K	USD	1 Quarter
Nonoperating expenses	`NonoperatingIncomeExpense`	$-19.97K	USD	3 Qtrs
Nonoperating expenses	`NonoperatingIncomeExpense`	$-23.45K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-5.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.96M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.99M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.40M	USD	1 Quarter
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	3 Qtrs
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	3 Qtrs
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and Diluted weighted average common shares outstanding	`BasicAndDilutedWeightedAverageCommonSharesOutstanding`	92.36M	shares	1 Quarter
Basic and Diluted weighted average common shares outstanding	`BasicAndDilutedWeightedAverageCommonSharesOutstanding`	89.48M	shares	3 Qtrs
Basic and Diluted weighted average common shares outstanding	`BasicAndDilutedWeightedAverageCommonSharesOutstanding`	70.63M	shares	1 Quarter
Basic and Diluted weighted average common shares outstanding	`BasicAndDilutedWeightedAverageCommonSharesOutstanding`	66.19M	shares	3 Qtrs

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.96M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.99M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.40M	USD	1 Quarter
Depreciation	`Depreciation`	$247.02K	USD	3 Qtrs
Depreciation	`Depreciation`	$247.23K	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$11.28K	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$55.84K	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$2.19M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$2.47M	USD	3 Qtrs
Loss from disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	3 Qtrs
Loss from disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.88K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInReceivables`	$-479.76K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInReceivables`	$352.73K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.53M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.08M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$644.30K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-381.50K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$791.95K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$588.75K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-91.20K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$341.45K	USD	3 Qtrs
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$127.33K	USD	3 Qtrs
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$57.31K	USD	3 Qtrs
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-44.88K	USD	3 Qtrs
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-20.81K	USD	3 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.50M	USD	3 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.37M	USD	3 Qtrs
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$126.37K	USD	3 Qtrs
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.76K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$26.00K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$52.00K	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-152.37K	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-65.76K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.16M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$26.40K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.06K	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$2.52M	USD	3 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$157.50K	USD	3 Qtrs
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$67.84K	USD	3 Qtrs
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$57.89K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.49M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.25M	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-157.15K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$816.92K	USD	3 Qtrs
Cash Beginning of Period	`CashBeginningOfPeriod`	$2.23M	USD	3 Qtrs
Cash Beginning of Period	`CashBeginningOfPeriod`	$420.15K	USD	3 Qtrs
Cash Ending of Period	`Cash`	$2.07M	USD	Point-in-time
Cash Ending of Period	`Cash`	$420.15K	USD	Point-in-time
Cash Ending of Period	`Cash`	$1.24M	USD	Point-in-time
Cash payments for interest	`InterestPaid`	$24.60K	USD	3 Qtrs
Cash payments for interest	`InterestPaid`	$22.69K	USD	3 Qtrs
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	$50.79K	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
Common Stock offering costs	`OfferingCostIssuanceOfCommonStock`	$1.10M	USD	1 Quarter
Beginning Balance, Amount	`StockholdersEquity`	$5.60M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$2.56M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$5.23M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$8.27M	USD	Point-in-time
Share-based compensation, Amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$65.99K	USD	1 Quarter
Share-based compensation, Amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.20M	USD	1 Quarter
Share-based compensation, Amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.05M	USD	1 Quarter
Issuance of common stock, net of offering costs of $1,104,759, Amount	`IssuanceOfCommonStockNetOfOfferingCostsOf1104759Amount`	10.07M	shares	1 Quarter
Issuance of common stock for vested restricted stock, Amount	`IssuanceOfCommonStockForVestedRestrictedStockAmount`	$88.20K	USD	1 Quarter
Issuance of common stock for vested restricted stock, Amount	`IssuanceOfCommonStockForVestedRestrictedStockAmount`	$1.40K	USD	1 Quarter
Exercise of stock options, Amount	`ExerciseOfStockOptionsAmount`	$3.06K	USD	1 Quarter
Exercise of warrants, Amount	`ExerciseOfWarrantsAmount`	$112.50K	USD	1 Quarter
Exercise of warrants, Amount	`ExerciseOfWarrantsAmount`	$45.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.40M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.96M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.99M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.40M	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$5.60M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$2.56M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$5.23M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$8.27M	USD	Point-in-time

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