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10-Q Filing

Niagen Bioscience, Inc. CIK: 1386570 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001654954-18-005047
Period End Date 20180331
Filing Date 20180510
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance cdxc-20180331.xml
Filing Contents
Balance Sheet 69 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts and returns AllowanceForDoubtfulAccountsReceivableCurrent $600.00K USD Point-in-time
Allowance for doubtful accounts and returns AllowanceForDoubtfulAccountsReceivableCurrent $700.00K USD Point-in-time
Receivables from Related Party DueFromRelatedParties $1.50M USD Point-in-time
Receivables from Related Party DueFromRelatedParties $800.00K USD Point-in-time
Cash Cash $1.19M USD Point-in-time
Cash Cash $45.39M USD Point-in-time
Common Stock, Par Value Per Share CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common Stock, Par Value Per Share CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash Cash $41.04M USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 150.00M shares Point-in-time
Trade receivables, net of allowances of $0.6 million and $0.7 million, respectively; Receivables from Related Party: $0.8 million and $1.5 million, respectively AccountsReceivableNetCurrent $4.77M USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 150.00M shares Point-in-time
Trade receivables, net of allowances of $0.6 million and $0.7 million, respectively; Receivables from Related Party: $0.8 million and $1.5 million, respectively AccountsReceivableNetCurrent $5.34M USD Point-in-time
Contract assets ContractAssets $53.00K USD Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 54,681.00 shares Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 54,697.00 shares Point-in-time
Contract assets ContractAssets - USD Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 54,697.00 shares Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 54,681.00 shares Point-in-time
Receivable held at escrow ReceivableHeldAtEscrow $750.00K USD Point-in-time
Receivable held at escrow ReceivableHeldAtEscrow - USD Point-in-time
Inventories InventoryNet $5.06M USD Point-in-time
Inventories InventoryNet $5.80M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $909.00K USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $655.00K USD Point-in-time
Total current assets AssetsCurrent $52.58M USD Point-in-time
Total current assets AssetsCurrent $57.18M USD Point-in-time
Leasehold Improvements and Equipment, net PropertyPlantAndEquipmentNet $2.87M USD Point-in-time
Leasehold Improvements and Equipment, net PropertyPlantAndEquipmentNet $2.91M USD Point-in-time
Deposits DepositsAssetsNoncurrent $272.00K USD Point-in-time
Deposits DepositsAssetsNoncurrent $359.00K USD Point-in-time
Receivable Held at Escrow TradeAndLoansReceivablesHeldForSaleNetNotPartOfDisposalGroup - USD Point-in-time
Receivable Held at Escrow TradeAndLoansReceivablesHeldForSaleNetNotPartOfDisposalGroup $750.00K USD Point-in-time
Intangible Assets, net IntangibleAssetsNetExcludingGoodwill $1.65M USD Point-in-time
Intangible Assets, net IntangibleAssetsNetExcludingGoodwill $1.59M USD Point-in-time
Total assets Assets $62.72M USD Point-in-time
Total assets Assets $57.45M USD Point-in-time
Accounts payable AccountsPayableCurrent $5.86M USD Point-in-time
Accounts payable AccountsPayableCurrent $3.72M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $3.65M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $3.71M USD Point-in-time
Current maturities of capital lease obligations CapitalLeaseObligationsCurrent $196.00K USD Point-in-time
Current maturities of capital lease obligations CapitalLeaseObligationsCurrent $200.00K USD Point-in-time
Contract liabilities and customer deposits CustomerAdvancesAndDeposits $314.00K USD Point-in-time
Contract liabilities and customer deposits CustomerAdvancesAndDeposits $202.00K USD Point-in-time
Deferred rent, current DeferredRentCreditCurrent $114.00K USD Point-in-time
Deferred rent, current DeferredRentCreditCurrent $117.00K USD Point-in-time
Due to officer EmployeeRelatedLiabilitiesCurrent - USD Point-in-time
Due to officer EmployeeRelatedLiabilitiesCurrent $100.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $10.08M USD Point-in-time
Total current liabilities LiabilitiesCurrent $8.09M USD Point-in-time
Capital Lease Obligations, Less Current Maturities CapitalLeaseObligationsNoncurrent $310.00K USD Point-in-time
Capital Lease Obligations, Less Current Maturities CapitalLeaseObligationsNoncurrent $258.00K USD Point-in-time
Deferred Rent, Less Current DeferredRentCreditNoncurrent $492.00K USD Point-in-time
Deferred Rent, Less Current DeferredRentCreditNoncurrent $439.00K USD Point-in-time
Total Liabilities Liabilities $8.89M USD Point-in-time
Total Liabilities Liabilities $10.78M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Common stock, $.001 par value; authorized 150,000 shares; issued and outstanding March 31, 2018 54,681 shares and December 30, 2017 54,697 shares CommonStockValue $55.00K USD Point-in-time
Common stock, $.001 par value; authorized 150,000 shares; issued and outstanding March 31, 2018 54,681 shares and December 30, 2017 54,697 shares CommonStockValue $55.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $111.49M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $110.38M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-64.88M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-56.60M USD Point-in-time
Total stockholders' equity StockholdersEquity $53.83M USD Point-in-time
Total stockholders' equity StockholdersEquity $46.66M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $62.72M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $57.45M USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Sales, net SalesRevenueGoodsNet $6.57M USD 1 Quarter
Sales, net SalesRevenueGoodsNet $3.37M USD 1 Quarter
Cost of sales CostOfRevenue $3.43M USD 1 Quarter
Cost of sales CostOfRevenue $1.75M USD 1 Quarter
Gross profit GrossProfit $1.62M USD 1 Quarter
Gross profit GrossProfit $3.14M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $3.27M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $405.00K USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $1.44M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $664.00K USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $6.83M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $2.32M USD 1 Quarter
Operating expenses OperatingExpenses $11.54M USD 1 Quarter
Operating expenses OperatingExpenses $3.39M USD 1 Quarter
Operating loss OperatingIncomeLoss $-1.77M USD 1 Quarter
Operating loss OperatingIncomeLoss $-8.40M USD 1 Quarter
Interest expense, net InterestExpense $44.00K USD 1 Quarter
Interest expense, net InterestExpense $28.00K USD 1 Quarter
Nonoperating expenses NonoperatingIncomeExpense $-44.00K USD 1 Quarter
Nonoperating expenses NonoperatingIncomeExpense $-28.00K USD 1 Quarter
Loss from continuing operations IncomeLossFromContinuingOperations $-1.80M USD 1 Quarter
Loss from continuing operations IncomeLossFromContinuingOperations $-8.44M USD 1 Quarter
Loss from discontinued operations, net IncomeLossFromDiscontinuedOperationsNetOfTax $-128.00K USD 1 Quarter
Loss from discontinued operations, net IncomeLossFromDiscontinuedOperationsNetOfTax - USD 1 Quarter
Net loss NetIncomeLoss $-1.93M USD 1 Quarter
Net loss NetIncomeLoss $-8.44M USD 1 Quarter
Basic and diluted loss per common share: continuing operations IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $-0.15 USD 1 Quarter
Basic and diluted loss per common share: continuing operations IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $-0.05 USD 1 Quarter
Basic and diluted loss per common share: discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare - USD 1 Quarter
Basic and diluted loss per common share: discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare - USD 1 Quarter
Basic and diluted loss per common share EarningsPerShareBasicAndDiluted $-0.05 USD 1 Quarter
Basic and diluted loss per common share EarningsPerShareBasicAndDiluted $-0.15 USD 1 Quarter
Basic and diluted weighted average common shares outstanding WeightedAverageNumberOfShareOutstandingBasicAndDiluted 54,858.00 shares 1 Quarter
Basic and diluted weighted average common shares outstanding WeightedAverageNumberOfShareOutstandingBasicAndDiluted 38,031.00 shares 1 Quarter
Cash Flow Statement 69 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-1.93M USD 1 Quarter
Net loss NetIncomeLoss $-8.44M USD 1 Quarter
Depreciation of leasehold improvements and equipment Depreciation $121.00K USD 1 Quarter
Depreciation of leasehold improvements and equipment Depreciation $129.00K USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $24.00K USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $58.00K USD 1 Quarter
Share-based compensation expense AllocatedShareBasedCompensationExpense $320.00K USD 1 Quarter
Share-based compensation expense AllocatedShareBasedCompensationExpense $1.26M USD 1 Quarter
Allowance for doubtful trade receivables ProvisionForDoubtfulAccounts $-3.00K USD 1 Quarter
Allowance for doubtful trade receivables ProvisionForDoubtfulAccounts $-112.00K USD 1 Quarter
Loss from disposal of equipment GainLossOnSaleOfPropertyPlantEquipment $-1.00K USD 1 Quarter
Loss from disposal of equipment GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Non-cash financing costs NoncashFinancingCosts $32.00K USD 1 Quarter
Non-cash financing costs NoncashFinancingCosts $25.00K USD 1 Quarter
Trade receivables IncreaseDecreaseInReceivables $679.00K USD 1 Quarter
Trade receivables IncreaseDecreaseInReceivables $822.00K USD 1 Quarter
Contract assets IncreaseDecreaseContractAssets - USD 1 Quarter
Contract assets IncreaseDecreaseContractAssets $3.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $733.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-965.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-367.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-95.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $2.14M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $1.78M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $64.00K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-180.00K USD 1 Quarter
Customer deposits and other IncreaseDecreaseInCustomerDeposits $10.00K USD 1 Quarter
Customer deposits and other IncreaseDecreaseInCustomerDeposits $-4.00K USD 1 Quarter
Deferred rent IncreaseDecreaseInOtherDeferredLiability $-50.00K USD 1 Quarter
Deferred rent IncreaseDecreaseInOtherDeferredLiability $40.00K USD 1 Quarter
Due to officer IncreaseDecreaseInDueToOfficersAndStockholders $-32.00K USD 1 Quarter
Due to officer IncreaseDecreaseInDueToOfficersAndStockholders $-100.00K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-51.00K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-3.99M USD 1 Quarter
Purchases of leasehold improvements and equipment PaymentsToAcquirePropertyPlantAndEquipment $162.00K USD 1 Quarter
Purchases of leasehold improvements and equipment PaymentsToAcquirePropertyPlantAndEquipment $161.00K USD 1 Quarter
Purchases of intangible assets PaymentsToAcquireIntangibleAssets - USD 1 Quarter
Purchases of intangible assets PaymentsToAcquireIntangibleAssets $184.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-161.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-346.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $255.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $7.00K USD 1 Quarter
Repurchase of common stock StockRepurchasedAndRetiredDuringPeriodValue $-404.00K USD 1 Quarter
Repurchase of common stock StockRepurchasedAndRetiredDuringPeriodValue - USD 1 Quarter
Payment of debt issuance cost PaymentsOfDebtIssuanceCosts $6.00K USD 1 Quarter
Payment of debt issuance cost PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Principal payments on capital leases RepaymentsOfDebtAndCapitalLeaseObligations $47.00K USD 1 Quarter
Principal payments on capital leases RepaymentsOfDebtAndCapitalLeaseObligations $67.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-202.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-60.00K USD 1 Quarter
Net decrease in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-457.00K USD 1 Quarter
Net decrease in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-4.35M USD 1 Quarter
Cash Beginning of Period CashBeginningOfPeriod $45.39M USD 1 Quarter
Cash Beginning of Period CashBeginningOfPeriod $1.64M USD 1 Quarter
Cash Ending of Period Cash $1.19M USD Point-in-time
Cash Ending of Period Cash $45.39M USD Point-in-time
Cash Ending of Period Cash $41.04M USD Point-in-time
Cash payments for interest InterestPaidNet $13.00K USD 1 Quarter
Cash payments for interest InterestPaidNet $12.00K USD 1 Quarter
Adjustment to retained earnings - cumulative effect of initially applying ASC 606 NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification $164.00K USD 1 Quarter
Adjustment to retained earnings - cumulative effect of initially applying ASC 606 NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification - USD 1 Quarter
Noncash consideration transferred for the acquisition of Healthspan Research LLC NoncashConsiderationTransferredForAcquisitionOfHealthspanResearchLlc $1.19M USD 1 Quarter
Noncash consideration transferred for the acquisition of Healthspan Research LLC NoncashConsiderationTransferredForAcquisitionOfHealthspanResearchLlc - USD 1 Quarter
Capital lease obligation incurred for purchases of equipment CapitalLeaseObligationsIncurred - USD 1 Quarter
Capital lease obligation incurred for purchases of equipment CapitalLeaseObligationsIncurred $109.00K USD 1 Quarter
Retirement of fully depreciated equipment - cost PropertyPlantAndEquipmentDisposals - USD 1 Quarter
Retirement of fully depreciated equipment - cost PropertyPlantAndEquipmentDisposals $15.00K USD 1 Quarter
Retirement of fully depreciated equipment - accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease - USD 1 Quarter
Retirement of fully depreciated equipment - accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease $-15.00K USD 1 Quarter
Stockholders Equity 13 line items
Line Item Tag Value Unit Period
Beginning Balance, Amount StockholdersEquity $53.83M USD Point-in-time
Beginning Balance, Amount StockholdersEquity $46.66M USD Point-in-time
Adjustment to retained earnings: cumulative effect of initially applying ASC 606 NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification $164.00K USD 1 Quarter
Adjustment to retained earnings: cumulative effect of initially applying ASC 606 NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification - USD 1 Quarter
Exercise of stock options, Shares StockIssuedDuringPeriodSharesStockOptionsExercised 57.00 shares 1 Quarter
Exercise of stock options, Amount StockIssuedDuringPeriodValueStockOptionsExercised $255.00K USD 1 Quarter
Repurchase of common stock, Amount StockRepurchasedAndRetiredDuringPeriodValue $-404.00K USD 1 Quarter
Repurchase of common stock, Amount StockRepurchasedAndRetiredDuringPeriodValue - USD 1 Quarter
Share-based compensation ShareBasedCompensation $1.26M USD 1 Quarter
Net loss NetIncomeLoss $-1.93M USD 1 Quarter
Net loss NetIncomeLoss $-8.44M USD 1 Quarter
Ending Balance, Amount StockholdersEquity $53.83M USD Point-in-time
Ending Balance, Amount StockholdersEquity $46.66M USD Point-in-time

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

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