10-Q Filing

BIOMERICA INC CIK: 73290 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001513162-13-000044`
Period End Date	20121130
Filing Date	20130114
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	bmra-20121130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 79 Cash Flow Statement 50

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$117.40K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$113.19K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$965.97K	USD	Point-in-time
Accumulated depreciation and amortization (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$937.95K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$989.27K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Accumulated depreciation and amortization (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$712.18K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.19M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.20M	USD	Point-in-time
Preferred Stock, Par Value Per Share (in Dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.51M	USD	Point-in-time
Preferred Stock, Par Value Per Share (in Dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
PreferredStockSharesAuthorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$1.82M	USD	Point-in-time
PreferredStockSharesAuthorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$1.80M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$210.70K	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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$161.29K	USD	Point-in-time
Deferred tax assets, current portion	`DeferredTaxAssetsNetCurrent`	$177.00K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred tax assets, current portion	`DeferredTaxAssetsNetCurrent`	$177.00K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.49M	USD	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
Property and Equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$584.82K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Property and Equipment, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$733.98K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	6.97M	shares	Point-in-time
Deferred Tax Assets, net of current portion	`DeferredTaxAssetsNetNoncurrent`	$61.00K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	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
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	6.97M	shares	Point-in-time
Investments	`Investments`	$165.32K	USD	Point-in-time
Intangible Assets, net	`IntangibleAssetsNetExcludingGoodwill`	$177.02K	USD	Point-in-time
Intangible Assets, net	`IntangibleAssetsNetExcludingGoodwill`	$194.58K	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`	$6.06M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$333.22K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$362.45K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$186.84K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$212.46K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$43.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$545.68K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$592.29K	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`	$557.79K	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`	$-6.58K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.03K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.31M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$5.51M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$4.98M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$6.06M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$5.57M	USD	Point-in-time

Income Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$3.02M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$3.59M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$1.88M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.62M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$949.20K	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$2.08M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$1.84M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$1.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.50M	USD	2 Qtrs
Gross profit	`GrossProfit`	$667.40K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.18M	USD	2 Qtrs
Gross profit	`GrossProfit`	$769.21K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$387.77K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$738.09K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$405.97K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$701.35K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$171.49K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$115.74K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$85.55K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$203.72K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$473.32K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$872.84K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$521.71K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$941.82K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$559.64K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$310.99K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$194.09K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$247.50K	USD	1 Quarter
Dividend and interest income	`OtherInterestAndDividendIncome`	$2.24K	USD	2 Qtrs
Dividend and interest income	`OtherInterestAndDividendIncome`	$2.78K	USD	2 Qtrs
Dividend and interest income	`OtherInterestAndDividendIncome`	$1.32K	USD	1 Quarter
Dividend and interest income	`OtherInterestAndDividendIncome`	$1.13K	USD	1 Quarter
Interest expense	`InterestExpense`	$308.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$370.00	USD	1 Quarter
Interest expense	`InterestExpense`	$943.00	USD	2 Qtrs
Other Income	`OtherIncome`	$60.00	USD	1 Quarter
Other Income	`OtherIncome`	$60.00	USD	2 Qtrs
Total other income	`OtherNonoperatingIncomeExpense`	$1.01K	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$1.94K	USD	2 Qtrs
Total other income	`OtherNonoperatingIncomeExpense`	$1.13K	USD	1 Quarter
Total other income	`OtherNonoperatingIncomeExpense`	$1.90K	USD	2 Qtrs
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$248.63K	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$312.88K	USD	2 Qtrs
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$195.09K	USD	1 Quarter
Income before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$561.58K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$33.03K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.71K	USD	1 Quarter
Net income	`NetIncomeLoss`	$236.92K	USD	1 Quarter
Net income	`NetIncomeLoss`	$312.88K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$528.55K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$195.09K	USD	1 Quarter
Basic net income per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.08	USD	2 Qtrs
Basic net income per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.05	USD	2 Qtrs
Basic net income per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic net income per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Diluted net income per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted net income per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted net income per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	2 Qtrs
Diluted net income per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesIssuedBasic`	6.87M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesIssuedBasic`	6.96M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesIssuedBasic`	6.87M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesIssuedBasic`	6.97M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.28M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.39M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.92M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.91M	shares	2 Qtrs
Net income	`NetIncomeLoss`	$236.92K	USD	1 Quarter
Net income	`NetIncomeLoss`	$312.88K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$528.55K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$195.09K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.62K	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-473.00	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.18K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-554.00	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$236.45K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$193.91K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$311.26K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$528.00K	USD	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$236.92K	USD	1 Quarter
Net income	`NetIncomeLoss`	$312.88K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$528.55K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$195.09K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$86.67K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$110.82K	USD	2 Qtrs
Stock option expense	`StockOptionPlanExpense`	$11.03K	USD	2 Qtrs
Change in provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$4.21K	USD	2 Qtrs
Change in provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$32.98K	USD	2 Qtrs
Inventory reserve	`InventoryLIFOReservePeriodCharge`	$2.05K	USD	2 Qtrs
Inventory reserve	`InventoryLIFOReservePeriodCharge`	$2.50K	USD	2 Qtrs
Increase (decrease) in deferred rent liability	`IncreasedecreaseInDeferredRentLiability`	$-1.76K	USD	2 Qtrs
Increase (decrease) in deferred rent liability	`IncreasedecreaseInDeferredRentLiability`	$1.55K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$313.36K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$418.12K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-18.92K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-113.77K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-49.41K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-113.82K	USD	2 Qtrs
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-27.46K	USD	2 Qtrs
Accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-187.03K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$6.23K	USD	2 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$25.62K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$76.29K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$397.00K	USD	2 Qtrs
Increase in intangibles	`PaymentsToAcquireIntangibleAssets`	$25.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$242.42K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$49.32K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-74.32K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-242.42K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.00K	USD	2 Qtrs
Payments on line of credit or equipment loan	`RepaymentsOfBankDebt`	$43.00K	USD	2 Qtrs
Payments on line of credit or equipment loan	`RepaymentsOfBankDebt`	$23.65K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-37.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.65K	USD	2 Qtrs
Effect of exchange rate changes in cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.62K	USD	2 Qtrs
Effect of exchange rate changes in cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-554.00	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-23.30K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$117.03K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$965.97K	USD	Point-in-time
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`	$1.19M	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`	$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`	$1.19M	USD	Point-in-time
Interest	`InterestPaid`	$307.00	USD	2 Qtrs
Interest	`InterestPaid`	$899.00	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$108.16K	USD	2 Qtrs

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