10-K Filing

Niagen Bioscience, Inc. CIK: 1386570 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001415889-13-000560`
Period End Date	20121231
Filing Date	20130329
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	cdxc-20121229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 26 Cash Flow Statement 62 Stockholders Equity 14

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`	$450.00K	USD	Point-in-time
Cash	`Cash`	$420.15K	USD	Point-in-time
Intangible assets, less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$850.10K	USD	Point-in-time
Cash	`Cash`	$520.00K	USD	Point-in-time
Intangible assets, less accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$834.17K	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts and returns 2012 $450,000; 2011 $9,000	`AccountsReceivableNetCurrent`	$723.67K	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts and returns 2012 $450,000; 2011 $9,000	`AccountsReceivableNetCurrent`	$1.94M	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
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Inventories	`InventoryNet`	$5.21M	USD	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`	92.14M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$261.30K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$903.93K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	72.94M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.95M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	72.94M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.93M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	92.14M	shares	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.17M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$936.43K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$34.77K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$44.16K	USD	Point-in-time
Intangible assets, less accumulated amortization 2012 $850,103; 2011 $834,169	`IntangibleAssetsNetExcludingGoodwill`	$100.11K	USD	Point-in-time
Intangible assets, less accumulated amortization 2012 $850,103; 2011 $834,169	`IntangibleAssetsNetExcludingGoodwill`	$136.18K	USD	Point-in-time
Total deposits and other noncurrent assets	`OtherAssetsNoncurrent`	$170.96K	USD	Point-in-time
Total deposits and other noncurrent assets	`OtherAssetsNoncurrent`	$144.26K	USD	Point-in-time
Total assets	`Assets`	$9.03M	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`	$3.43M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$755.97K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$876.16K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$77.26K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$77.36K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$199.69K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$310.27K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$59.74K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$71.04K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.34M	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$164.73K	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$148.37K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$200.89K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$129.86K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding 2012 92,140,062 and 2011 72,939,996 shares	`CommonStockValue`	$92.14K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding 2012 92,140,062 and 2011 72,939,996 shares	`CommonStockValue`	$72.94K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$20.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.72M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.94M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.56M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.99M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.27M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.03M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$11.61M	USD	Annual
Sales	`SalesRevenueGoodsNet`	$8.11M	USD	Annual
Cost of sales	`CostOfRevenue`	$5.64M	USD	Annual
Cost of sales	`CostOfRevenue`	$9.34M	USD	Annual
Gross profit	`GrossProfit`	$2.28M	USD	Annual
Gross profit	`GrossProfit`	$2.47M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$2.54M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$5.52M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$8.39M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$7.80M	USD	Annual
Operating expenses	`OperatingExpenses`	$13.91M	USD	Annual
Operating expenses	`OperatingExpenses`	$10.34M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-7.86M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-11.64M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$3.01K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$1.40K	USD	Annual
Interest expense	`InterestExpense`	$-32.14K	USD	Annual
Interest expense	`InterestExpense`	$-29.01K	USD	Annual
Nonoperating expenses	`NonoperatingIncomeExpense`	$-25.99K	USD	Annual
Nonoperating expenses	`NonoperatingIncomeExpense`	$-30.75K	USD	Annual
Net loss	`NetIncomeLoss`	$-7.89M	USD	Annual
Net loss	`NetIncomeLoss`	$-11.66M	USD	Annual
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	Annual
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	Annual
Basic and Diluted weighted average common shares outstanding	`BasicAndDilutedWeightedAverageCommonSharesOutstanding`	68.31M	shares	Annual
Basic and Diluted weighted average common shares outstanding	`BasicAndDilutedWeightedAverageCommonSharesOutstanding`	90.27M	shares	Annual

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.89M	USD	Annual
Net loss	`NetIncomeLoss`	$-11.66M	USD	Annual
Depreciation of leasehold improvements and equipment	`Depreciation`	$328.63K	USD	Annual
Depreciation of leasehold improvements and equipment	`Depreciation`	$328.10K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$70.25K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$15.93K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$2.70M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$2.97M	USD	Annual
Loss from impairment of intangibles	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Loss from impairment of intangibles	`ImpairmentOfIntangibleAssetsFinitelived`	$133.50K	USD	Annual
Loss from disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.94K	USD	Annual
Loss from disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Trade receivables	`IncreaseDecreaseInReceivables`	$277.90K	USD	Annual
Trade receivables	`IncreaseDecreaseInReceivables`	$-1.22M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-2.30M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-1.48M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$675.60K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-672.71K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.74M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.18M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$384.95K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$105.63K	USD	Annual
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$110.57K	USD	Annual
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$87.27K	USD	Annual
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-59.73K	USD	Annual
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-35.85K	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.10M	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.12M	USD	Annual
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.55K	USD	Annual
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$150.66K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$52.01K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$26.00K	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-76.56K	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-176.66K	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$10.23M	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.06K	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`	$157.50K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$8.20K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$86.07K	USD	Annual
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$81.71K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.30M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.47M	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.81M	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$99.85K	USD	Annual
Cash Beginning of Period	`CashBeginningOfPeriod`	$2.23M	USD	Annual
Cash Beginning of Period	`CashBeginningOfPeriod`	$420.15K	USD	Annual
Cash Ending of Period	`Cash`	$420.15K	USD	Point-in-time
Cash Ending of Period	`Cash`	$520.00K	USD	Point-in-time
Cash payments for interest	`InterestPaid`	$32.14K	USD	Annual
Cash payments for interest	`InterestPaid`	$29.01K	USD	Annual
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	$47.15K	USD	Annual
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	$69.62K	USD	Annual
Stock awards earned but not issued	`StockAwardsEarnedButNotIssued`	-	USD	Annual
Stock awards earned but not issued	`StockAwardsEarnedButNotIssued`	$14.56K	USD	Annual
Stock and warrant awards issued for future services	`StockAndWarrantAwardsIssuedForFutureServices`	-	USD	Annual
Stock and warrant awards issued for future services	`StockAndWarrantAwardsIssuedForFutureServices`	$23.58K	USD	Annual
Warrants issued, net of offering costs	`WarrantsIssuedNetOfOfferingCosts`	-	USD	Annual
Warrants issued, net of offering costs	`WarrantsIssuedNetOfOfferingCosts`	$44.61K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$4.94M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$2.56M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$3.99M	USD	Point-in-time
Share-based compensation, Amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.71M	USD	Annual
Issuance of common stock, net of offering costs of $1,104,759, Amount	`IssuanceOfCommonStockNetOfOfferingCostsOf1104759Amount`	10.07M	shares	Annual
Issuance of common stock for vested restricted stock, Amount	`IssuanceOfCommonStockForVestedRestrictedStockAmount`	$159.60K	USD	Annual
Repurchase and cancellation of common stock, Amount	`RepurchaseAndCancellationOfCommonStockAmount`	$-8.20K	USD	Annual
Exercise of stock options, Amount	`ExerciseOfStockOptionsAmount`	$3.06K	USD	Annual
Exercise of warrants, Amount	`ExerciseOfWarrantsAmount`	$157.50K	USD	Annual
Net loss	`NetIncomeLoss`	$-7.89M	USD	Annual
Net loss	`NetIncomeLoss`	$-11.66M	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$4.94M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$2.56M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$3.99M	USD	Point-in-time

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