10-Q Filing

BIOMERICA INC CIK: 73290 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001513162-12-000067`
Period End Date	20111130
Filing Date	20120117
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	bmra-20111130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 76 Cash Flow Statement 51

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$32.20K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$65.18K	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`	$989.27K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$965.97K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$972.10K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.06M	USD	Point-in-time
Common Stock,Shares Authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common Stock,Shares Authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$747.08K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	6.87M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	6.87M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.13M	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.67M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	6.87M	shares	Point-in-time
Inventories, net	`InventoryNet`	$1.79M	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`	$119.12K	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
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
Deferred tax assets, current portion	`DeferredTaxAssetsNetCurrent`	$127.00K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.01M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.89M	USD	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`	$545.45K	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`	$177.41K	USD	Point-in-time
Intangible Assets, net	`IntangibleAssetsNetExcludingGoodwill`	$186.93K	USD	Point-in-time
Other Assets	`OtherAssets`	$47.89K	USD	Point-in-time
Other Assets	`OtherAssets`	$52.51K	USD	Point-in-time
Total Assets	`Assets`	$5.07M	USD	Point-in-time
Total Assets	`Assets`	$4.96M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$266.10K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$451.57K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$144.29K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$138.06K	USD	Point-in-time
Loan for equipment purchase	`LoansPayableToBankCurrent`	$11.74K	USD	Point-in-time
Loan for equipment purchase	`LoansPayableToBankCurrent`	$35.39K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$422.13K	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`	$17.65M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$17.64M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.46K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.08K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.54M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$4.65M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$4.33M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$5.07M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.96M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$2.34M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$3.02M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$1.62M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.16M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.65M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$1.84M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$949.20K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$860.30K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.18M	USD	2 Qtrs
Gross profit	`GrossProfit`	$667.40K	USD	1 Quarter
Gross profit	`GrossProfit`	$300.55K	USD	1 Quarter
Gross profit	`GrossProfit`	$689.33K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$701.35K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$387.77K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$358.04K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$661.20K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$85.55K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$171.49K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$120.12K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$217.97K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$478.16K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$872.84K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$879.17K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$473.32K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$310.99K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-177.62K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-189.84K	USD	2 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$194.09K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.78K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.81K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.95K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.32K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.76K	USD	2 Qtrs
Interest expense	`InterestExpense`	$943.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$370.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.62K	USD	1 Quarter
Other income	`OtherIncome`	$60.00	USD	2 Qtrs
Other income	`OtherIncome`	$177.60K	USD	2 Qtrs
Other income	`OtherIncome`	$177.57K	USD	1 Quarter
Other income	`OtherIncome`	$60.00	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$177.75K	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$1.01K	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$1.90K	USD	2 Qtrs
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$177.80K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$195.09K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$137.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-12.05K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$312.88K	USD	2 Qtrs
Basic net income (loss) per common share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic net income (loss) per common share	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic net income (loss) per common share	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic net income (loss) per common share	`EarningsPerShareBasic`	$0.05	USD	2 Qtrs
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted net income (loss) per common share	`EarningsPerShareDiluted`	$0.05	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.66M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.87M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.87M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.66M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.91M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.66M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.92M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.66M	shares	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$195.09K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$137.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-12.05K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$312.88K	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.18K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-139.00	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-705.00	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.62K	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-2.00	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-12.75K	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$311.26K	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$193.91K	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$195.09K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$137.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-12.05K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$312.88K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$86.67K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$68.68K	USD	2 Qtrs
Stock option expense	`StockOptionPlanExpense`	$11.03K	USD	2 Qtrs
Stock option expense	`StockOptionPlanExpense`	$11.72K	USD	2 Qtrs
Change in provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$32.98K	USD	2 Qtrs
Change in provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$11.50K	USD	2 Qtrs
Inventory reserve	`InventoryLIFOReservePeriodCharge`	$2.50K	USD	2 Qtrs
Inventory reserve	`InventoryLIFOReservePeriodCharge`	$-2.00K	USD	2 Qtrs
Write-off of license-related intangible asset	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$13.98K	USD	2 Qtrs
Increase in deferred rent liability	`IncreaseDecreaseInDeferredLiabilities`	$4.91K	USD	2 Qtrs
Increase in deferred rent liability	`IncreaseDecreaseInDeferredLiabilities`	$1.55K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-131.34K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$418.12K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$22.54K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-113.77K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-113.82K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-84.91K	USD	2 Qtrs
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-187.03K	USD	2 Qtrs
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-162.57K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$6.23K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-50.33K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$76.29K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$77.56K	USD	2 Qtrs
Increase in intangibles	`PaymentsToAcquireIntangibleAssets`	$73.78K	USD	2 Qtrs
Increase in intangibles	`PaymentsToAcquireIntangibleAssets`	$25.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$64.07K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$49.32K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-137.84K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-74.32K	USD	2 Qtrs
Payments on equipment loan	`RepaymentsOfBankDebt`	$23.65K	USD	2 Qtrs
Payments on equipment loan	`RepaymentsOfBankDebt`	$22.12K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.12K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.65K	USD	2 Qtrs
Effect of exchange rate changes in cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-705.00	USD	2 Qtrs
Effect of exchange rate changes in cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.62K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-23.30K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-83.11K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$989.27K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$965.97K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$972.10K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$989.27K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$965.97K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$972.10K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.06M	USD	Point-in-time
Cash paid during the quarter for Interest	`InterestPaid`	$899.00	USD	2 Qtrs
Cash paid during the quarter for Interest	`InterestPaid`	$3.55K	USD	2 Qtrs

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