10-Q/A Filing

Niagen Bioscience, Inc. CIK: 1386570 Q2 2013

Filing Information

Form Type	10-Q/A
Accession Number	`0001415889-13-002525`
Period End Date	20130630
Filing Date	20131205
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	cdxc-20130629.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 53 Cash Flow Statement 70 Stockholders Equity 17

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, less allowance for doubtful accounts and returns	`AllowanceForDoubtfulAccountsReceivableCurrent`	$450.00K	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts and returns	`AllowanceForDoubtfulAccountsReceivableCurrent`	$17.00K	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$520.00K	USD	Point-in-time
Cash	`Cash`	$826.63K	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 and returns June 29, 2013 $17,000; December 29, 2012 $450,000	`AccountsReceivableNetCurrent`	$1.19M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Trade receivables, less allowance for doubtful accounts and returns June 29, 2013 $17,000; December 29, 2012 $450,000	`AccountsReceivableNetCurrent`	$1.94M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	100.81M	shares	Point-in-time
Non-trade receivable	`NontradeReceivablesCurrent`	-	USD	Point-in-time
Non-trade receivable	`NontradeReceivablesCurrent`	$250.00K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	92.14M	shares	Point-in-time
Inventories	`InventoryNet`	$1.94M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	92.14M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	100.81M	shares	Point-in-time
Inventories	`InventoryNet`	$5.21M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$261.30K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$436.45K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.93M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$936.43K	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.01M	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$34.77K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$41.19K	USD	Point-in-time
Long-term investment in affiliate (Note 4)	`LongTermInvestments`	-	USD	Point-in-time
Long-term investment in affiliate (Note 4)	`LongTermInvestments`	$2.16M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$165.56K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$136.18K	USD	Point-in-time
Total other noncurrent assets	`OtherAssetsNoncurrent`	$2.36M	USD	Point-in-time
Total other noncurrent assets	`OtherAssetsNoncurrent`	$170.96K	USD	Point-in-time
Total assets	`Assets`	$9.03M	USD	Point-in-time
Total assets	`Assets`	$8.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.15M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.43M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$876.16K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$711.50K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$110.38K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$77.26K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$310.27K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$336.82K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$71.04K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$51.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.76M	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$238.29K	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$148.37K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$152.46K	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 June 29, 2013 100,807,164 and December 29, 2012 92,140,062 shares	`CommonStockValue`	$92.14K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding June 29, 2013 100,807,164 and December 29, 2012 92,140,062 shares	`CommonStockValue`	$100.81K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$36.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.27M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.99M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.84M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.03M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.02M	USD	Point-in-time

Income Statement 53 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$4.46M	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$5.04M	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$2.67M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$2.71M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.91M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$4.30M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$1.75M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$3.41M	USD	2 Qtrs
Gross profit	`GrossProfit`	$764.70K	USD	1 Quarter
Gross profit	`GrossProfit`	$960.74K	USD	1 Quarter
Gross profit	`GrossProfit`	$160.48K	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.63M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$1.36M	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`	$631.56K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.85M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.34M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.70M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.88M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$4.06M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$4.75M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$1.97M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$8.57M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.01M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-8.41M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-3.99M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.43M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$296.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.25K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$500.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.06K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.85K	USD	2 Qtrs
Interest expense	`InterestExpense`	$8.06K	USD	1 Quarter
Interest expense	`InterestExpense`	$7.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.83K	USD	2 Qtrs
Nonoperating expenses	`NonoperatingIncomeExpense`	$-7.76K	USD	1 Quarter
Nonoperating expenses	`NonoperatingIncomeExpense`	$-6.51K	USD	1 Quarter
Nonoperating expenses	`NonoperatingIncomeExpense`	$-15.35K	USD	2 Qtrs
Nonoperating expenses	`NonoperatingIncomeExpense`	$-13.57K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.99M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.02M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.42M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.44M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.43M	USD	2 Qtrs
Basic and Diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Basic and Diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Basic and Diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	2 Qtrs
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.83M	shares	1 Quarter
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	97.23M	shares	2 Qtrs
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	91.36M	shares	1 Quarter
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	88.03M	shares	2 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Cash proceeds	`CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers`	$750.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.99M	USD	1 Quarter
Non-trade receivable	`NontradeReceivable`	$250.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.02M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.42M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.44M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.43M	USD	2 Qtrs
Depreciation of leasehold improvements and equipment	`Depreciation`	$134.32K	USD	2 Qtrs
Depreciation of leasehold improvements and equipment	`Depreciation`	$166.75K	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$6.80K	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$10.62K	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$728.35K	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$1.26M	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`	$770.99K	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInReceivables`	$-264.54K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-206.82K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.35M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-51.01K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$369.53K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-907.34K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.15M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-213.52K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-150.09K	USD	2 Qtrs
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$-30.08K	USD	2 Qtrs
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$26.56K	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$3.30K	USD	2 Qtrs
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-30.03K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.35M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.09M	USD	2 Qtrs
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.01K	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`	$40.00K	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets`	-	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets`	$750.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.21K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$670.99K	USD	2 Qtrs
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$10.16M	USD	2 Qtrs
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$131.77K	USD	2 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$45.00K	USD	2 Qtrs
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$1.64M	USD	2 Qtrs
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$44.81K	USD	2 Qtrs
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$48.81K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.16M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.72M	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$306.63K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.79M	USD	2 Qtrs
Cash Beginning of Period	`CashBeginningOfPeriod`	$420.15K	USD	2 Qtrs
Cash Beginning of Period	`CashBeginningOfPeriod`	$520.00K	USD	2 Qtrs
Cash Ending of Period	`Cash`	$520.00K	USD	Point-in-time
Cash Ending of Period	`Cash`	$826.63K	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`	$15.85K	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`	$171.85K	USD	2 Qtrs
Stock awards issued for services prior to the period	`StockAwardsIssuedForServicesPriorToPeriod`	-	USD	2 Qtrs
Stock awards issued for services prior to the period	`StockAwardsIssuedForServicesPriorToPeriod`	$14.56K	USD	2 Qtrs
Changes in stock and warrant awards issued for future services	`ChangesInStockAndWarrantAwardsIssuedForFutureServices`	$206.70K	USD	2 Qtrs
Changes in stock and warrant awards issued for future services	`ChangesInStockAndWarrantAwardsIssuedForFutureServices`	-	USD	2 Qtrs
Assets transferred	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	-	USD	2 Qtrs
Assets transferred	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	$-3.53M	USD	2 Qtrs
Liabilities transferred	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	$-368.87K	USD	2 Qtrs
Liabilities transferred	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	-	USD	2 Qtrs
Carrying value of long-term investment in affiliate, net of $750,000 cash proceeds and $250,000 non-trade receivable	`IncreaseDecreaseInCarryingValueOfAssetsReceivedAsConsiderationInDisposalOfBusiness`	$2.16M	USD	2 Qtrs
Carrying value of long-term investment in affiliate, net of $750,000 cash proceeds and $250,000 non-trade receivable	`IncreaseDecreaseInCarryingValueOfAssetsReceivedAsConsiderationInDisposalOfBusiness`	-	USD	2 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$4.27M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$3.99M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$3.84M	USD	Point-in-time
Exercise of stock options, Amount	`ExerciseOfStockOptionsAmount`	$125.00K	USD	1 Quarter
Exercise of stock options, Amount	`ExerciseOfStockOptionsAmount`	$6.77K	USD	1 Quarter
Exercise of warrants, Amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$921.75K	USD	1 Quarter
Exercise of warrants, Amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$717.00K	USD	1 Quarter
Share-based compensation, Amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$400.95K	USD	1 Quarter
Share-based compensation, Amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$548.65K	USD	1 Quarter
Net loss, as restated (Note 2)	`NetIncomeLoss`	$-3.99M	USD	1 Quarter
Net loss, as restated (Note 2)	`NetIncomeLoss`	$-1.02M	USD	1 Quarter
Net loss, as restated (Note 2)	`NetIncomeLoss`	$-1.42M	USD	1 Quarter
Net loss, as restated (Note 2)	`NetIncomeLoss`	$-2.44M	USD	2 Qtrs
Net loss, as restated (Note 2)	`NetIncomeLoss`	$-8.43M	USD	2 Qtrs
Ending Balance, Amount, as restated (Note 2)	`StockholdersEquity`	$4.27M	USD	Point-in-time
Ending Balance, Amount, as restated (Note 2)	`StockholdersEquity`	$3.99M	USD	Point-in-time
Ending Balance, Amount, as restated (Note 2)	`StockholdersEquity`	$3.84M	USD	Point-in-time

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