10-Q/A Filing

BIOMERICA INC CIK: 73290 Q1 2012

Filing Information

Form Type	10-Q/A
Accession Number	`0001513162-11-000232`
Period End Date	20110831
Filing Date	20111027
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	bmra-20110831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 35 Cash Flow Statement 45

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$53.73K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$32.20K	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.08	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.08	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Common Stock,Shares Authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$989.27K	USD	Point-in-time
Common Stock,Shares Authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	6.87M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$747.08K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	6.87M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$865.37K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	6.87M	shares	Point-in-time
Inventories, net	`InventoryNet`	$1.79M	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.74M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	6.87M	shares	Point-in-time
Preferred Stock, Par Value Per Share	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$130.63K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$237.56K	USD	Point-in-time
Preferred Stock, Par Value Per Share	`PreferredStockNoParValue`	-	USD	Point-in-time
Deferred tax assets, current portion	`DeferredTaxAssetsNetCurrent`	$127.00K	USD	Point-in-time
Preferred Stock,Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Deferred tax assets, current portion	`DeferredTaxAssetsNetCurrent`	$127.00K	USD	Point-in-time
Preferred Stock,Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.89M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.88M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property and Equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$567.32K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and Equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$570.86K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred Tax Assets, net of current portion	`DeferredTaxAssetsNetNoncurrent`	$111.00K	USD	Point-in-time
Deferred Tax Assets, net of current portion	`DeferredTaxAssetsNetNoncurrent`	$111.00K	USD	Point-in-time
Investments	`Investments`	$165.32K	USD	Point-in-time
Investments	`Investments`	$165.32K	USD	Point-in-time
Intangible Assets, net	`IntangibleAssetsNetExcludingGoodwill`	$195.30K	USD	Point-in-time
Intangible Assets, net	`IntangibleAssetsNetExcludingGoodwill`	$177.41K	USD	Point-in-time
Other Assets	`OtherAssets`	$50.08K	USD	Point-in-time
Other Assets	`OtherAssets`	$47.89K	USD	Point-in-time
Total Assets	`Assets`	$4.96M	USD	Point-in-time
Total Assets	`Assets`	$4.97M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$451.57K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$388.02K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$138.06K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$111.88K	USD	Point-in-time
Loan for equipment purchase-current	`LoansPayableToBankCurrent`	$35.39K	USD	Point-in-time
Loan for equipment purchase-current	`LoansPayableToBankCurrent`	$23.66K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$523.56K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$625.01K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$549.47K	USD	Point-in-time
Common stock	`CommonStockValue`	$549.47K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$17.64M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$17.64M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.90K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.46K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.86M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$4.45M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$4.33M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.97M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.96M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.18M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.41M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$891.24K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$788.93K	USD	1 Quarter
Gross profit	`GrossProfit`	$388.78K	USD	1 Quarter
Gross profit	`GrossProfit`	$516.42K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$303.16K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$313.58K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$97.85K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$85.94K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$401.01K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$399.52K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-12.23K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$116.90K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.14K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.46K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.14K	USD	1 Quarter
Interest expense	`InterestExpense`	$573.00	USD	1 Quarter
Other income, net	`OtherIncome`	$37.00	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$891.00	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$44.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-12.19K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$117.79K	USD	1 Quarter
Basic net income (loss) per common share	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic net income (loss) per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.66M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.87M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.90M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.66M	shares	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-566.00	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-440.00	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-12.75K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$117.35K	USD	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-12.19K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$117.79K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$33.09K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$43.05K	USD	1 Quarter
Change in provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$21.52K	USD	1 Quarter
Inventory reserve	`InventoryLIFOReservePeriodCharge`	$8.23K	USD	1 Quarter
Inventory reserve	`InventoryLIFOReservePeriodCharge`	$3.01K	USD	1 Quarter
Increase in deferred rent liability	`IncreaseDecreaseInDeferredLiabilities`	$-3.27K	USD	1 Quarter
Increase in deferred rent liability	`IncreaseDecreaseInDeferredLiabilities`	$1.66K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-139.82K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-22.07K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-93.98K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$47.46K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.99K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$104.74K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-65.21K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-81.36K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-26.18K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-33.59K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$108.02K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-199.15K	USD	1 Quarter
Intangibles	`PaymentsToAcquireIntangibleAssets`	$25.00K	USD	1 Quarter
Intangibles	`PaymentsToAcquireIntangibleAssets`	$25.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.47K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.58K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-64.47K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.58K	USD	1 Quarter
Payment of equipment loan	`RepaymentsOfBankDebt`	$11.73K	USD	1 Quarter
Payment of equipment loan	`RepaymentsOfBankDebt`	$11.04K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.04K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.73K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-440.00	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-566.00	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-242.34K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$31.39K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashEquivalentsAtCarryingValue`	$989.27K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashEquivalentsAtCarryingValue`	$812.87K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashEquivalentsAtCarryingValue`	$1.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashEquivalentsAtCarryingValue`	$989.27K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashEquivalentsAtCarryingValue`	$812.87K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashEquivalentsAtCarryingValue`	$1.06M	USD	Point-in-time
Cash paid during the quarter for Interest	`InterestPaid`	$1.96K	USD	1 Quarter
Cash paid during the quarter for Interest	`InterestPaid`	$522.00	USD	1 Quarter

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