10-Q Filing

BIOMERICA INC CIK: 73290 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001513162-12-000810`
Period End Date	20120831
Filing Date	20121012
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	bmra-20120831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 39 Cash Flow Statement 47

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$113.19K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$115.92K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$989.27K	USD	Point-in-time
Preferred Stock, Par Value Per Share (in Dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred Stock, Par Value Per Share (in Dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
PreferredStockSharesAuthorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.20M	USD	Point-in-time
PreferredStockSharesAuthorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.37M	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.82M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$1.82M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$214.46K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$210.70K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common Stock, Par Value Per Share (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.08	USD	Point-in-time
Common Stock, Par Value Per Share (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.08	USD	Point-in-time
Deferred tax assets, current portion	`DeferredTaxAssetsNetCurrent`	$177.00K	USD	Point-in-time
Deferred tax assets, current portion	`DeferredTaxAssetsNetCurrent`	$177.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.89M	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
Total current assets	`AssetsCurrent`	$4.49M	USD	Point-in-time
Property and Equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$584.82K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	6.95M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	6.95M	shares	Point-in-time
Property and Equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$604.62K	USD	Point-in-time
Deferred Tax Assets, net of current portion	`DeferredTaxAssetsNetNoncurrent`	$61.00K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	6.95M	shares	Point-in-time
Deferred Tax Assets, net of current portion	`DeferredTaxAssetsNetNoncurrent`	$61.00K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	6.95M	shares	Point-in-time
Investments	`Investments`	$165.32K	USD	Point-in-time
Investments	`Investments`	$165.32K	USD	Point-in-time
Intangible Assets, net	`IntangibleAssetsNetExcludingGoodwill`	$194.58K	USD	Point-in-time
Intangible Assets, net	`IntangibleAssetsNetExcludingGoodwill`	$185.80K	USD	Point-in-time
Other Assets	`OtherAssets`	$78.56K	USD	Point-in-time
Other Assets	`OtherAssets`	$78.56K	USD	Point-in-time
Total Assets	`Assets`	$5.57M	USD	Point-in-time
Total Assets	`Assets`	$5.98M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$451.37K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$362.45K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$258.89K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$186.84K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$43.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$592.29K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$710.26K	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`	$556.19K	USD	Point-in-time
Common stock	`CommonStockValue`	$556.19K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.74M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.03K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.11K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.31M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$4.98M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.27M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$5.98M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$5.57M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.41M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.70M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$969.69K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$891.24K	USD	1 Quarter
Gross profit	`GrossProfit`	$732.26K	USD	1 Quarter
Gross profit	`GrossProfit`	$516.42K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$332.13K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$313.58K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$87.98K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$85.94K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$399.52K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$420.11K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$312.15K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$116.90K	USD	1 Quarter
Dividend and interest income	`OtherInterestAndDividendIncome`	$1.12K	USD	1 Quarter
Dividend and interest income	`OtherInterestAndDividendIncome`	$1.46K	USD	1 Quarter
Interest expense	`InterestExpense`	$573.00	USD	1 Quarter
Interest expense	`InterestExpense`	$308.00	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$808.00	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$891.00	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$117.79K	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$312.96K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.32K	USD	1 Quarter
Net income	`NetIncomeLoss`	$291.64K	USD	1 Quarter
Net income	`NetIncomeLoss`	$117.79K	USD	1 Quarter
Basic net income per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic net income per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Diluted net income per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted net income per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesIssuedBasic`	6.87M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesIssuedBasic`	6.95M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.30M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.90M	shares	1 Quarter
Net income	`NetIncomeLoss`	$291.64K	USD	1 Quarter
Net income	`NetIncomeLoss`	$117.79K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-440.00	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-81.00	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$117.35K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$291.56K	USD	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$291.64K	USD	1 Quarter
Net income	`NetIncomeLoss`	$117.79K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$43.05K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$54.17K	USD	1 Quarter
Change in provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$21.52K	USD	1 Quarter
Change in provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$2.73K	USD	1 Quarter
Inventory reserve	`InventoryLIFOReservePeriodCharge`	$3.01K	USD	1 Quarter
Inventory reserve	`InventoryLIFOReservePeriodCharge`	$24.78K	USD	1 Quarter
Increase (decrease) in deferred rent liability	`IncreasedecreaseInDeferredRentLiability`	$1.66K	USD	1 Quarter
Increase (decrease) in deferred rent liability	`IncreasedecreaseInDeferredRentLiability`	$-108.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-175.67K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-139.82K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$47.46K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-24.46K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.76K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$104.74K	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-65.21K	USD	1 Quarter
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$89.03K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$72.05K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-26.18K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$108.02K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$330.40K	USD	1 Quarter
Increase in intangibles	`PaymentsToAcquireIntangibleAssets`	$25.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.47K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$65.19K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-65.19K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-64.47K	USD	1 Quarter
Payments on line of credit or equipment loan	`RepaymentsOfBankDebt`	$11.73K	USD	1 Quarter
Payments on line of credit or equipment loan	`RepaymentsOfBankDebt`	$43.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.73K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-43.00K	USD	1 Quarter
Effect of exchange rate changes in cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-440.00	USD	1 Quarter
Effect of exchange rate changes in cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-81.00	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$222.14K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$31.39K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$989.27K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	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`	$1.08M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Interest	`InterestPaid`	$308.00	USD	1 Quarter
Interest	`InterestPaid`	$522.00	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$61.54K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$1.68K	USD	1 Quarter

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