10-K Filing

Niagen Bioscience, Inc. CIK: 1386570 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001415889-15-000967`
Period End Date	20141231
Filing Date	20150319
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	cdxc-20150103.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 28 Cash Flow Statement 90 Stockholders Equity 20

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts and returns	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.00K	USD	Point-in-time
Allowance for doubtful accounts and returns	`AllowanceForDoubtfulAccountsReceivableCurrent`	$38.00K	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$3.96M	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`	$2.26M	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts and returns 2014 $38,000; 2013 $9,000	`AccountsReceivableNetCurrent`	$1.91M	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 2014 $38,000; 2013 $9,000	`AccountsReceivableNetCurrent`	$838.79K	USD	Point-in-time
Other receivable	`AccountsAndOtherReceivablesNetCurrent`	$215.00K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	105.27M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	104.52M	shares	Point-in-time
Other receivable	`AccountsAndOtherReceivablesNetCurrent`	-	USD	Point-in-time
Inventories	`InventoryNet`	$3.73M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	105.27M	shares	Point-in-time
Inventories	`InventoryNet`	$2.20M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	104.52M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$292.89K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$271.44K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.79M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.90M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.06M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.26M	USD	Point-in-time
Deposits and other	`DepositsAssetsNoncurrent`	$148.80K	USD	Point-in-time
Deposits and other	`DepositsAssetsNoncurrent`	$43.46K	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`	$296.06K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$201.65K	USD	Point-in-time
Total other noncurrent assets	`OtherAssetsNoncurrent`	$444.86K	USD	Point-in-time
Total other noncurrent assets	`OtherAssetsNoncurrent`	$2.13M	USD	Point-in-time
Total assets	`Assets`	$11.61M	USD	Point-in-time
Total assets	`Assets`	$8.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.44M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$656.71K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$853.68K	USD	Point-in-time
Current maturities of loan payable	`LongTermDebtCurrent`	$223.36K	USD	Point-in-time
Current maturities of loan payable	`LongTermDebtCurrent`	-	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$138.89K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$148.28K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$546.04K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$234.44K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$55.59K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$69.46K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.84M	USD	Point-in-time
Loan payable, less current maturities, net	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Loan payable, less current maturities, net	`LongTermDebtNoncurrent`	$2.07M	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$423.01K	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$280.34K	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$356.00K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$137.51K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$202.97K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.32M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.61M	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding 2014 105,271,058 and 2013 104,524,738 shares	`CommonStockValue`	$105.27K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding 2014 105,271,058 and 2013 104,524,738 shares	`CommonStockValue`	$104.53K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$43.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$39.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-39.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-34.14M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.99M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.67M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.61M	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`	$15.31M	USD	Annual
Sales, net	`SalesRevenueGoodsNet`	$10.16M	USD	Annual
Cost of sales	`CostOfRevenue`	$7.03M	USD	Annual
Cost of sales	`CostOfRevenue`	$9.99M	USD	Annual
Gross profit	`GrossProfit`	$3.13M	USD	Annual
Gross profit	`GrossProfit`	$5.33M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$2.14M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$2.36M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.12M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$8.37M	USD	Annual
Loss from investment in affiliate	`EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems`	$-45.83K	USD	Annual
Loss from investment in affiliate	`EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems`	$-44.96K	USD	Annual
Operating expenses	`OperatingExpenses`	$10.56M	USD	Annual
Operating expenses	`OperatingExpenses`	$7.52M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-4.39M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-5.23M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$2.01K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$1.25K	USD	Annual
Interest expense	`InterestExpense`	$158.85K	USD	Annual
Interest expense	`InterestExpense`	$34.33K	USD	Annual
Nonoperating expenses	`NonoperatingIncomeExpense`	$-33.08K	USD	Annual
Nonoperating expenses	`NonoperatingIncomeExpense`	$-156.84K	USD	Annual
Net loss	`NetIncomeLoss`	$-5.39M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.42M	USD	Annual
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	Annual
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.99M	shares	Annual
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	106.46M	shares	Annual

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Cash proceeds	`CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers`	-	USD	Annual
Cash proceeds	`CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers`	$1.00M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.39M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.42M	USD	Annual
Depreciation of leasehold improvements and equipment	`Depreciation`	$246.18K	USD	Annual
Depreciation of leasehold improvements and equipment	`Depreciation`	$222.72K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$23.53K	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$35.59K	USD	Annual
Share-based compensation expense	`AllocatedShareBasedCompensationExpense`	$1.29M	USD	Annual
Share-based compensation expense	`AllocatedShareBasedCompensationExpense`	$2.92M	USD	Annual
Loss from disposal of equipment	`GainLossOnDispositionOfAssets`	$66.38K	USD	Annual
Loss from disposal of equipment	`GainLossOnDispositionOfAssets`	$20.40K	USD	Annual
Loss from investment in affiliate	`EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems`	$-45.83K	USD	Annual
Loss from investment in affiliate	`EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems`	$-44.96K	USD	Annual
Non-cash financing costs	`PaymentsOfFinancingCosts`	-	USD	Annual
Non-cash financing costs	`PaymentsOfFinancingCosts`	$49.53K	USD	Annual
Trade receivables	`IncreaseDecreaseInReceivables`	$1.12M	USD	Annual
Trade receivables	`IncreaseDecreaseInReceivables`	$-1.07M	USD	Annual
Other receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$215.00K	USD	Annual
Other receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-215.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-1.53M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-466.35K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-91.05K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-62.91K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.62M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.16M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$196.98K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-204.89K	USD	Annual
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$235.78K	USD	Annual
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$-311.61K	USD	Annual
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$57.65K	USD	Annual
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-51.59K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.91M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.58M	USD	Annual
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$137.35K	USD	Annual
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$123.10K	USD	Annual
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$130.00K	USD	Annual
Purchases 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 sale of equipment	`ProceedsFromSaleOfEquipment`	$1.36K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfEquipment`	-	USD	Annual
Proceeds from investment in affiliate	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	$225.00K	USD	Annual
Proceeds from investment in affiliate	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	$1.84M	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$998.65K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.59M	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`	-	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$138.37K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$467.15K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$1.64M	USD	Annual
Proceeds from loan payable	`ProceedsFromLoans`	-	USD	Annual
Proceeds from loan payable	`ProceedsFromLoans`	$2.50M	USD	Annual
Payment of debt issuance costs	`DebtIssuanceCostsLoan`	$-102.87K	USD	Annual
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$170.74K	USD	Annual
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$108.42K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.65M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.69M	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.74M	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.70M	USD	Annual
Cash Beginning of Year	`Cash`	$3.96M	USD	Point-in-time
Cash Beginning of Year	`Cash`	$520.00K	USD	Point-in-time
Cash Beginning of Year	`Cash`	$2.26M	USD	Point-in-time
Cash Ending of Year	`Cash`	$3.96M	USD	Point-in-time
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`	$75.00K	USD	Annual
Cash payments for interest	`InterestPaid`	$34.33K	USD	Annual
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	$322.80K	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`	$304.00K	USD	1 Quarter
Retirement of fully depreciated equipment - cost	`RetirementOfFullyDepreciatedEquipment`	$56.11K	USD	Annual
Retirement of fully depreciated equipment - cost	`RetirementOfFullyDepreciatedEquipment`	-	USD	Annual
Retirement of fully depreciated equipment - accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationReclassificationsOfPropertyPlantAndEquipment`	-	USD	Annual
Retirement of fully depreciated equipment - accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationReclassificationsOfPropertyPlantAndEquipment`	$-56.11K	USD	Annual
Stock issued to settle outstanding payable balance	`StockIssuedToSettleOutstandingPayableBalance`	$146.49K	USD	Annual
Stock issued to settle outstanding payable balance	`StockIssuedToSettleOutstandingPayableBalance`	-	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 prepaid expenses associated with share-based compensation	`ChangesInStockAndWarrantAwardsIssuedForFutureServices`	$55.63K	USD	Annual
Changes in prepaid expenses associated with share-based compensation	`ChangesInStockAndWarrantAwardsIssuedForFutureServices`	$32.05K	USD	Annual
Warrant issued, net of offering costs	`DebtInstrumentIncreaseDecreaseOtherNet`	-	USD	Annual
Warrant issued, net of offering costs	`DebtInstrumentIncreaseDecreaseOtherNet`	$246.19K	USD	Annual
Assets transferred	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	$-3.53M	USD	Annual
Assets transferred	`NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1`	-	USD	Annual
Liabilities transferred	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	$-368.87K	USD	Annual
Liabilities transferred	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	-	USD	Annual
Carrying value of long-term investment in affiliate, net of $1,000,000 cash proceeds	`InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease`	-	USD	Annual
Carrying value of long-term investment in affiliate, net of $1,000,000 cash proceeds	`InvestmentsInAndAdvancesToAffiliatesAtFairValuePeriodIncreaseDecrease`	$2.16M	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$4.00M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$3.99M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$5.67M	USD	Point-in-time
Issuance of common stock, net of offering costs, Amount	`StockIssuedDuringPeriodValueNewIssues`	-	USD	Annual
Issuance of common stock, net of offering costs, Amount	`StockIssuedDuringPeriodValueNewIssues`	$2.98M	USD	Annual
Issuance of warrant, Amount	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$246.19K	USD	Annual
Exercise of stock options, Amount	`ExerciseOfStockOptionsAmount`	$138.37K	USD	Annual
Exercise of stock options, Amount	`ExerciseOfStockOptionsAmount`	$467.15K	USD	Annual
Exercise of warrants, Amount	`ExerciseOfWarrantsAmount`	$1.64M	USD	Annual
Issuance of unvested restricted stock, Amount	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$1.19K	USD	Annual
Unvested restricted stock, Shares	`RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings`	1.09M	shares	Annual
Unvested restricted stock, Amount	`RestrictedStockExpense`	$-1.19K	USD	Annual
Share-based compensation, Amount	`ShareBasedCompensation`	$2.86M	USD	Annual
Share-based compensation, Amount	`ShareBasedCompensation`	$1.33M	USD	Annual
Stock issued to settle outstanding payable balance, Amount	`StockIssuedToSettleOutstandingPayableBalanceAmount`	$146.49K	USD	Annual
Net loss	`NetIncomeLoss`	$-5.39M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.42M	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$4.00M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$3.99M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$5.67M	USD	Point-in-time

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