10-Q Filing

Niagen Bioscience, Inc. CIK: 1386570 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001415889-15-001716`
Period End Date	20150331
Filing Date	20150514
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	cdxc-20150404.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 28 Cash Flow Statement 65 Stockholders Equity 9

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, less allowance for doubtful accounts and returns	`AllowanceForDoubtfulAccountsReceivableCurrent`	$38.00K	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts and returns	`AllowanceForDoubtfulAccountsReceivableCurrent`	$51.00K	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`	$1.92M	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$3.22M	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts and returns, April 4, 2015 $51,000; January 3, 2015 $38,000	`AccountsReceivableNetCurrent`	$2.23M	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts and returns, April 4, 2015 $51,000; January 3, 2015 $38,000	`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
Inventories	`InventoryNet`	$3.73M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	105.99M	shares	Point-in-time
Inventories	`InventoryNet`	$3.23M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	105.27M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	105.27M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	105.99M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$292.89K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$374.35K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.06M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.26M	USD	Point-in-time
Leasehold Improvements and Equipment, net	`PropertyPlantAndEquipmentNet`	$1.58M	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$57.44K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$57.56K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$290.94K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$296.06K	USD	Point-in-time
Total other noncurrent assets	`OtherAssetsNoncurrent`	$353.50K	USD	Point-in-time
Total other noncurrent assets	`OtherAssetsNoncurrent`	$348.50K	USD	Point-in-time
Total assets	`Assets`	$10.98M	USD	Point-in-time
Total assets	`Assets`	$11.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.45M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$853.68K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.00M	USD	Point-in-time
Current maturities of loan payable	`LoansPayableCurrent`	$452.67K	USD	Point-in-time
Current maturities of loan payable	`LoansPayableCurrent`	$223.36K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$148.28K	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$207.41K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$393.35K	USD	Point-in-time
Customer deposits and other	`CustomerAdvancesAndDeposits`	$234.44K	USD	Point-in-time
Deferred rent, current	`DeferredRentCreditCurrent`	$73.94K	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`	$4.77M	USD	Point-in-time
Loan payable, less current maturities, net	`LongTermDebtNoncurrent`	$1.79M	USD	Point-in-time
Loan payable, less current maturities, net	`LongTermDebtNoncurrent`	$1.98M	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$610.74K	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$423.01K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$137.51K	USD	Point-in-time
Deferred rent, less current	`DeferredRentCreditNoncurrent`	$118.65K	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.52M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.30M	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding April 4, 2015 105,987,058 and January 3, 2015 105,271,058 shares	`CommonStockValue`	$105.27K	USD	Point-in-time
Common stock, $.001 par value; authorized 150,000,000 shares; issued and outstanding April 4, 2015 105,987,058 and January 3, 2015 105,271,058 shares	`CommonStockValue`	$105.99K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$44.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$43.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-39.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$10.98M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.52M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueGoodsNet`	$3.07M	USD	1 Quarter
Sales, net	`SalesRevenueGoodsNet`	$5.26M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$2.09M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$3.33M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$985.01K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$585.78K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$464.57K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.34M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.25M	USD	1 Quarter
Loss from investment in affiliate	`EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems`	$-21.54K	USD	1 Quarter
Loss from investment in affiliate	`EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems`	-	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$2.83M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$2.82M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.84M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-906.08K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$718.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$640.00	USD	1 Quarter
Interest expense	`InterestExpense`	$120.15K	USD	1 Quarter
Interest expense	`InterestExpense`	$9.89K	USD	1 Quarter
Nonoperating expenses	`NonoperatingIncomeExpense`	$-119.43K	USD	1 Quarter
Nonoperating expenses	`NonoperatingIncomeExpense`	$-9.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.03M	USD	1 Quarter
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	106.08M	shares	1 Quarter
Basic and Diluted weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	107.20M	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.03M	USD	1 Quarter
Depreciation of leasehold improvements and equipment	`Depreciation`	$50.92K	USD	1 Quarter
Depreciation of leasehold improvements and equipment	`Depreciation`	$66.90K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$10.12K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$7.63K	USD	1 Quarter
Share-based compensation expense	`AllocatedShareBasedCompensationExpense`	$999.66K	USD	1 Quarter
Share-based compensation expense	`AllocatedShareBasedCompensationExpense`	$715.91K	USD	1 Quarter
Allowance for doubtful trade receivables	`ProvisionForDoubtfulAccounts`	$7.11K	USD	1 Quarter
Allowance for doubtful trade receivables	`ProvisionForDoubtfulAccounts`	$13.53K	USD	1 Quarter
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-103.00	USD	1 Quarter
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss from disposal of equipment	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Loss from disposal of equipment	`GainLossOnDispositionOfAssets`	$17.48K	USD	1 Quarter
Loss from investment in affiliate	`EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems`	$-21.54K	USD	1 Quarter
Loss from investment in affiliate	`EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems`	-	USD	1 Quarter
Non-cash financing costs	`NoncashFinancingCosts`	-	USD	1 Quarter
Non-cash financing costs	`NoncashFinancingCosts`	$46.95K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInReceivables`	$-341.27K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInReceivables`	$-835.76K	USD	1 Quarter
Other receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$215.00K	USD	1 Quarter
Other receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	-	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$502.64K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-288.65K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-81.58K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-123.37K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$481.16K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-810.66K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$74.89K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$149.89K	USD	1 Quarter
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$158.92K	USD	1 Quarter
Customer deposits and other	`IncreaseDecreaseInCustomerDeposits`	$-157.02K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-14.37K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-9.79K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-591.06K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.40M	USD	1 Quarter
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$95.78K	USD	1 Quarter
Purchases of leasehold improvements and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.62K	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$5.00K	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$5.00K	USD	1 Quarter
Proceeds from sale of equipment	`ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets`	$1.36K	USD	1 Quarter
Proceeds from sale of equipment	`ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets`	-	USD	1 Quarter
Proceeds from investment in affiliate	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	-	USD	1 Quarter
Proceeds from investment in affiliate	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	$1.09M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.07M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-100.78K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$27.10K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$57.08K	USD	1 Quarter
Principal payments on capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$33.35K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-57.08K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.25K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-748.91K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-336.80K	USD	1 Quarter
Cash Beginning of Period	`CashBeginningOfPeriod`	$2.26M	USD	1 Quarter
Cash Beginning of Period	`CashBeginningOfPeriod`	$3.96M	USD	1 Quarter
Cash Ending of Period	`Cash`	$3.96M	USD	Point-in-time
Cash Ending of Period	`Cash`	$1.92M	USD	Point-in-time
Cash Ending of Period	`Cash`	$3.22M	USD	Point-in-time
Cash payments for interest	`InterestPaid`	$9.89K	USD	1 Quarter
Cash payments for interest	`InterestPaid`	$73.20K	USD	1 Quarter
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	-	USD	1 Quarter
Capital lease obligation incurred for the purchase of equipment	`CapitalLeaseObligationsIncurred`	$303.93K	USD	1 Quarter
Changes in prepaid expenses associated with share-based compensation	`ChangesInStockAndWarrantAwardsIssuedForFutureServices`	-	USD	1 Quarter
Changes in prepaid expenses associated with share-based compensation	`ChangesInStockAndWarrantAwardsIssuedForFutureServices`	$49.72K	USD	1 Quarter

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$4.00M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$3.69M	USD	Point-in-time
Share-based compensation, Shares	`StockIssuedDuringPeriodSharesShareBasedCompensation`	125,000.00	shares	Point-in-time
Share-based compensation, Amount	`ShareBasedCompensation`	$715.91K	USD	1 Quarter
Vested restricted stock, Amount	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.03M	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$4.00M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$3.69M	USD	Point-in-time

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