10-Q/A Filing

BIOMERICA INC CIK: 73290 Q2 2018

Filing Information

Form Type	10-Q/A
Accession Number	`0001513162-18-000014`
Period End Date	20171130
Filing Date	20180117
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	bmra-20171130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 72

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$57.64K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$50.13K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.23M	USD	Point-in-time
Accumulated depreciation and amortization (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.61M	USD	Point-in-time
Accumulated depreciation and amortization (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$817.81K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $57,643 and $50,129 as of November 30, 2017 and May 31, 2017, respectively	`AccountsReceivableNetCurrent`	$1.06M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $57,643 and $50,129 as of November 30, 2017 and May 31, 2017, respectively	`AccountsReceivableNetCurrent`	$1.06M	USD	Point-in-time
Preferred Stock, No Par Value (in Dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred Stock, No Par Value (in Dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.83M	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$1.73M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$195.76K	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`	$399.60K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.21M	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
Total current assets	`AssetsCurrent`	$4.10M	USD	Point-in-time
Property and Equipment, net of accumulated depreciation and amortization of $1,609,209 and $1,550,073 as of November 30, 2017 and May 31, 2017, respectively	`PropertyPlantAndEquipmentNet`	$331.86K	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.08	USD	Point-in-time
Property and Equipment, net of accumulated depreciation and amortization of $1,609,209 and $1,550,073 as of November 30, 2017 and May 31, 2017, respectively	`PropertyPlantAndEquipmentNet`	$325.64K	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.08	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Deferred Tax Assets	`DeferredTaxAssetsGrossNoncurrent`	$41.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Deferred Tax Assets	`DeferredTaxAssetsGrossNoncurrent`	$41.00K	USD	Point-in-time
Investments	`Investments`	$165.32K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.51M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.53M	shares	Point-in-time
Investments	`Investments`	$165.32K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.53M	shares	Point-in-time
Intangible Assets, net	`IntangibleAssetsNetExcludingGoodwill`	$174.47K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.51M	shares	Point-in-time
Intangible Assets, net	`IntangibleAssetsNetExcludingGoodwill`	$139.47K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$94.99K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$60.48K	USD	Point-in-time
Total Assets	`Assets`	$5.02M	USD	Point-in-time
Total Assets	`Assets`	$4.83M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$610.39K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$352.00K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$176.87K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$194.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$804.39K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$528.87K	USD	Point-in-time
Commitments and Contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, no par value authorized 5,000,000 shares, none issued and none outstanding at November 30, 2017 and May 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value authorized 5,000,000 shares, none issued and none outstanding at November 30, 2017 and May 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.08 par value authorized 25,000,000 shares, issued and outstanding 8,529,548 and 8,511,173 at November 30, 2017 and May 31, 2017, respectively	`CommonStockValue`	$680.89K	USD	Point-in-time
Common stock, $0.08 par value authorized 25,000,000 shares, issued and outstanding 8,529,548 and 8,511,173 at November 30, 2017 and May 31, 2017, respectively	`CommonStockValue`	$682.36K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$19.57M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$19.55M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.83K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.73M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$4.03M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$4.49M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$5.02M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.83M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$3.06M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$2.84M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$1.61M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.43M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$2.04M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$1.71M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$1.11M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$875.52K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.02M	USD	2 Qtrs
Gross profit	`GrossProfit`	$556.68K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.13M	USD	2 Qtrs
Gross profit	`GrossProfit`	$506.19K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$893.91K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$475.26K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$522.49K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$974.51K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$300.96K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$561.02K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$525.21K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$272.44K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.54M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$776.22K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$794.93K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.42M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-219.54K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-514.77K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-288.74K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-285.46K	USD	2 Qtrs
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$16.83K	USD	1 Quarter
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$27.04K	USD	2 Qtrs
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$20.11K	USD	1 Quarter
Dividend and interest income	`InvestmentIncomeInterestAndDividend`	$39.08K	USD	2 Qtrs
Interest expense	`InterestExpense`	$37.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$37.00	USD	1 Quarter
Interest expense	`InterestExpense`	$180.00	USD	1 Quarter
Interest expense	`InterestExpense`	$180.00	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$39.05K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$26.86K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$16.65K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$20.08K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-268.66K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-258.60K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-202.89K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-475.72K	USD	2 Qtrs
Basic net loss per common share (in Dollars per share)	`EarningsPerShareBasic`	$-0.06	USD	2 Qtrs
Basic net loss per common share (in Dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Basic net loss per common share (in Dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic net loss per common share (in Dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	2 Qtrs
Diluted net loss per common share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	2 Qtrs
Diluted net loss per common share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.06	USD	2 Qtrs
Diluted net loss per common share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Diluted net loss per common share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.52M	shares	2 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.19M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.52M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.21M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.52M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.52M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.21M	shares	2 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.19M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-268.66K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-258.60K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-202.89K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-475.72K	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-5.17K	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-4.34K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-760.00	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-786.00	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-273.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-203.67K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-480.89K	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-259.36K	USD	2 Qtrs

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