10-K Filing

Niagen Bioscience, Inc. CIK: 1386570 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001415889-14-000961`
Period End Date	20131231
Filing Date	20140327
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	cdxc-20131228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 28 Cash Flow Statement 77 Stockholders Equity 18

Balance Sheet 63 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`	$9.00K	USD	Point-in-time
Cash	`Cash`	$520.00K	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`	$2.26M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Trade receivables, less allowance for doubtful accounts and returns	`AccountsReceivableNetCurrent`	$838.79K	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts and returns	`AccountsReceivableNetCurrent`	$1.94M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Other receivable	`AccountsAndOtherReceivablesNetCurrent`	$215.00K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	104.52M	shares	Point-in-time
Other receivable	`AccountsAndOtherReceivablesNetCurrent`	-	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	92.14M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	104.52M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	92.14M	shares	Point-in-time
Inventories	`InventoryNet`	$2.20M	USD	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`	$271.44K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.79M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$936.43K	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.06M	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$43.46K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$34.77K	USD	Point-in-time
Long-term investment in affiliate	`LongTermInvestments`	$1.89M	USD	Point-in-time
Long-term investment in affiliate	`LongTermInvestments`	-	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$136.18K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$201.65K	USD	Point-in-time
Total other noncurrent assets	`OtherAssetsNoncurrent`	$2.13M	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`	$8.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.44M	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`	$656.71K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$138.89K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$77.26K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$546.04K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$310.27K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$71.04K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$55.59K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.84M	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$280.34K	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$148.37K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$202.97K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$129.86K	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.04M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.32M	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding 2013 104,524,738 and 2012 92,140,062 shares	`CommonStockValue`	$104.53K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding 2013 104,524,738 and 2012 92,140,062 shares	`CommonStockValue`	$92.14K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$39.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-34.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.56M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.67M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.99M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.03M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.99M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$11.61M	USD	Annual
Sales, net	`SalesRevenueGoodsNet`	$10.16M	USD	Annual
Cost of sales	`CostOfRevenue`	$9.34M	USD	Annual
Cost of sales	`CostOfRevenue`	$7.03M	USD	Annual
Gross profit	`GrossProfit`	$2.28M	USD	Annual
Gross profit	`GrossProfit`	$3.13M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$5.52M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$2.36M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$8.39M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.12M	USD	Annual
Loss from investment in affiliate	`EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems`	-	USD	Annual
Loss from investment in affiliate	`EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems`	$-44.96K	USD	Annual
Operating expenses	`OperatingExpenses`	$7.52M	USD	Annual
Operating expenses	`OperatingExpenses`	$13.91M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-4.39M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-11.64M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$1.25K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$3.01K	USD	Annual
Interest expense	`InterestExpense`	$29.01K	USD	Annual
Interest expense	`InterestExpense`	$34.33K	USD	Annual
Nonoperating expenses	`NonoperatingIncomeExpense`	$-25.99K	USD	Annual
Nonoperating expenses	`NonoperatingIncomeExpense`	$-33.08K	USD	Annual
Net loss	`NetIncomeLoss`	$-11.66M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.42M	USD	Annual
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	Annual
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	90.27M	shares	Annual
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.99M	shares	Annual

Cash Flow Statement 77 line items

Line Item	Tag	Value	Unit	Period
Cash proceeds	`CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers`	$1.00M	USD	Annual
Net loss	`NetIncomeLoss`	$-11.66M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.42M	USD	Annual
Depreciation of leasehold improvements and equipment	`Depreciation`	$328.10K	USD	Annual
Depreciation of leasehold improvements and equipment	`Depreciation`	$246.18K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$15.93K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$23.53K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$1.29M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$2.70M	USD	Annual
Loss from disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$66.38K	USD	Annual
Loss from disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.94K	USD	Annual
Loss from investment in affiliate	`EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems`	-	USD	Annual
Loss from investment in affiliate	`EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems`	$-44.96K	USD	Annual
Trade receivables	`IncreaseDecreaseInReceivables`	$-1.22M	USD	Annual
Trade receivables	`IncreaseDecreaseInReceivables`	$1.12M	USD	Annual
Other receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	-	USD	Annual
Other receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-215.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-466.35K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-2.30M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-62.91K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$675.60K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.62M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.18M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-204.89K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$105.63K	USD	Annual
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$110.57K	USD	Annual
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$235.78K	USD	Annual
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-59.73K	USD	Annual
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$57.65K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.91M	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`	$137.35K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$52.01K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$89.00K	USD	Annual
Proceeds from sale of assets	`ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets`	-	USD	Annual
Proceeds from sale of assets	`ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets`	$1.00M	USD	Annual
Proceeds from investment in affiliate	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	$225.00K	USD	Annual
Proceeds from investment in affiliate	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	-	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$998.65K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-76.56K	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$2.98M	USD	Annual
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$10.23M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.06K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$138.37K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$157.50K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$1.64M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$-8.20K	USD	Annual
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$86.07K	USD	Annual
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$108.42K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.30M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.65M	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.74M	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$99.85K	USD	Annual
Cash Beginning of Year	`CashBeginningOfPeriod`	$520.00K	USD	Annual
Cash Beginning of Year	`CashBeginningOfPeriod`	$420.15K	USD	Annual
Cash Ending of Year	`Cash`	$520.00K	USD	Point-in-time
Cash Ending of Year	`Cash`	$2.26M	USD	Point-in-time
Cash payments for interest	`InterestPaid`	$29.01K	USD	Annual
Cash payments for interest	`InterestPaid`	$34.33K	USD	Annual
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	$302.02K	USD	Annual
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	$69.62K	USD	Annual
Stock awards earned but not issued	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	Annual
Stock awards earned but not issued	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$14.56K	USD	Annual
Stock awards issued for services rendered in prior period	`IncreaseDecreaseInOtherEmployeeRelatedLiabilities`	-	USD	Annual
Stock awards issued for services rendered in prior period	`IncreaseDecreaseInOtherEmployeeRelatedLiabilities`	$-14.56K	USD	Annual
Changes in stock and warrant awards issued for future services	`ChangesInStockAndWarrantAwardsIssuedForFutureServices`	$32.05K	USD	Annual
Changes in stock and warrant awards issued for future services	`ChangesInStockAndWarrantAwardsIssuedForFutureServices`	$23.58K	USD	Annual
Warrants issued, net of offering costs	`WarrantsIssuedNetOfOfferingCosts`	-	USD	Annual
Warrants issued, net of offering costs	`WarrantsIssuedNetOfOfferingCosts`	$44.61K	USD	Annual
Assets transferred	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	$-3.53M	USD	Annual
Assets transferred	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	-	USD	Annual
Liabilities transferred	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	-	USD	Annual
Liabilities transferred	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	$-368.87K	USD	Annual
Carrying value of long-term investment in affiliate, net of $1,000,000 cash proceeds	`IncreaseDecreaseInCarryingValueOfAssetsReceivedAsConsiderationInDisposalOfBusiness`	$2.16M	USD	Annual
Carrying value of long-term investment in affiliate, net of $1,000,000 cash proceeds	`IncreaseDecreaseInCarryingValueOfAssetsReceivedAsConsiderationInDisposalOfBusiness`	-	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$2.56M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$5.67M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$3.99M	USD	Point-in-time
Issuance of common stock, net of offering costs, Amount	`ProceedsFromIssuanceOrSaleOfEquity`	$2.98M	USD	Annual
Issuance of common stock, net of offering costs, Amount	`ProceedsFromIssuanceOrSaleOfEquity`	$10.07M	USD	Annual
Issuance of common stock for vested restricted stock, Amount	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue`	$159.60K	USD	Annual
Repurchase and cancellation of common stock, Amount	`StockRepurchasedAndRetiredDuringPeriodValue`	$-8.20K	USD	Annual
Exercise of stock options, Amount	`ExerciseOfStockOptionsAmount`	$138.37K	USD	Annual
Exercise of stock options, Amount	`ExerciseOfStockOptionsAmount`	$3.06K	USD	Annual
Exercise of warrants, Amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.64M	USD	Annual
Exercise of warrants, Amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$157.50K	USD	Annual
Share-based compensation, Amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.33M	USD	Annual
Share-based compensation, Amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.71M	USD	Annual
Net loss	`NetIncomeLoss`	$-11.66M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.42M	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$2.56M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$5.67M	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.