2014 Q1 Form 10-K Financial Statement
#000110465914017051 Filed on March 06, 2014
Income Statement
Concept | 2014 Q1 | 2013 | 2012 Q4 |
---|---|---|---|
Revenue | $3.138M | $10.95M | $2.040M |
YoY Change | 46.45% | 42.33% | 50.0% |
Cost Of Revenue | $701.3K | $2.440M | $480.0K |
YoY Change | 25.18% | 24.36% | -9.43% |
Gross Profit | $2.437M | $8.508M | $1.570M |
YoY Change | 53.98% | 48.48% | 89.16% |
Gross Profit Margin | 77.65% | 77.71% | 76.96% |
Selling, General & Admin | $4.615M | $15.97M | $3.420M |
YoY Change | 31.9% | 31.97% | 40.74% |
% of Gross Profit | 189.4% | 187.77% | 217.83% |
Research & Development | $812.6K | $2.125M | $370.0K |
YoY Change | 99.69% | 48.93% | -36.21% |
% of Gross Profit | 33.35% | 24.98% | 23.57% |
Depreciation & Amortization | $33.94K | $79.23K | -$80.00K |
YoY Change | 46.69% | -57.8% | -188.89% |
% of Gross Profit | 1.39% | 0.93% | -5.1% |
Operating Expenses | $5.428M | $18.10M | $3.800M |
YoY Change | 38.96% | 33.76% | 26.25% |
Operating Profit | -$2.991M | -$9.592M | -$2.230M |
YoY Change | 28.73% | 22.95% | 2.29% |
Interest Expense | $1.191M | $4.820M | -$1.830M |
YoY Change | 11.59% | 246.41% | 1043.75% |
% of Operating Profit | |||
Other Income/Expense, Net | -$1.248M | -$4.965M | $10.00K |
YoY Change | 12.07% | 110.88% | -50.0% |
Pretax Income | -$4.240M | -$14.56M | -$4.040M |
YoY Change | 23.26% | 43.33% | 88.79% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$4.240M | -$14.56M | -$4.040M |
YoY Change | 23.33% | 54.57% | 88.79% |
Net Earnings / Revenue | -135.09% | -132.97% | -198.04% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$244.0K | -$1.081M | -$363.6K |
COMMON SHARES | |||
Basic Shares Outstanding | 17.37M shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2014 Q1 | 2013 | 2012 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $16.80M | $20.10M | $13.90M |
YoY Change | 50.0% | 44.6% | 69.51% |
Cash & Equivalents | $16.81M | $20.10M | $13.91M |
Short-Term Investments | |||
Other Short-Term Assets | $200.0K | $300.0K | $200.0K |
YoY Change | 100.0% | 50.0% | 100.0% |
Inventory | $3.466M | $3.400M | $3.151M |
Prepaid Expenses | |||
Receivables | $1.965M | $1.900M | $1.050M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $22.43M | $25.70M | $18.30M |
YoY Change | 41.1% | 40.44% | 67.85% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $543.2K | $400.0K | $108.5K |
YoY Change | 443.23% | 300.0% | -45.73% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.000M | $1.100M | $1.300M |
YoY Change | -16.67% | -15.38% | 333.33% |
Total Long-Term Assets | $2.133M | $2.000M | $1.935M |
YoY Change | 6.67% | 5.26% | 20.92% |
TOTAL ASSETS | |||
Total Short-Term Assets | $22.43M | $25.70M | $18.30M |
Total Long-Term Assets | $2.133M | $2.000M | $1.935M |
Total Assets | $24.57M | $27.70M | $20.23M |
YoY Change | 37.25% | 37.13% | 61.84% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.500M | $1.500M | |
YoY Change | 0.0% | -6.25% | |
Accrued Expenses | $1.900M | $600.0K | |
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $0.00 | ||
YoY Change | -100.0% | ||
Total Short-Term Liabilities | $1.923M | $2.100M | $1.480M |
YoY Change | 37.35% | 40.0% | -26.01% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $26.26M | $25.40M | $21.58M |
YoY Change | 17.21% | 17.59% | 390.46% |
Other Long-Term Liabilities | $100.0K | $100.0K | |
YoY Change | |||
Total Long-Term Liabilities | $26.26M | $25.50M | $21.58M |
YoY Change | 17.21% | 18.06% | 390.46% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.923M | $2.100M | $1.480M |
Total Long-Term Liabilities | $26.26M | $25.50M | $21.58M |
Total Liabilities | $28.26M | $27.50M | $23.06M |
YoY Change | 18.25% | 19.05% | 260.31% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$76.65M | -$57.85M | |
YoY Change | |||
Common Stock | $72.95M | $55.02M | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$3.693M | $100.0K | -$2.829M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $24.57M | $27.70M | $20.23M |
YoY Change | 37.25% | 37.13% | 61.84% |
Cashflow Statement
Concept | 2014 Q1 | 2013 | 2012 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$4.240M | -$14.56M | -$4.040M |
YoY Change | 23.33% | 54.57% | 88.79% |
Depreciation, Depletion And Amortization | $33.94K | $79.23K | -$80.00K |
YoY Change | 46.69% | -57.8% | -188.89% |
Cash From Operating Activities | -$3.150M | -$10.44M | -$3.370M |
YoY Change | 18.87% | 20.55% | 53.88% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $195.5K | $178.8K | -$10.00K |
YoY Change | 651.65% | 268.92% | -75.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | -$200.0K | -$240.0K | -$10.00K |
YoY Change | 233.33% | 84.62% | -75.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $16.78M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 90.00K | 16.85M | 12.85M |
YoY Change | 16.13% | -11781.82% | |
NET CHANGE | |||
Cash From Operating Activities | -3.150M | -10.44M | -3.370M |
Cash From Investing Activities | -200.0K | -240.0K | -10.00K |
Cash From Financing Activities | 90.00K | 16.85M | 12.85M |
Net Change In Cash | -3.260M | 6.170M | 9.470M |
YoY Change | 20.3% | 7.87% | -504.7% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$3.150M | -$10.44M | -$3.370M |
Capital Expenditures | $195.5K | $178.8K | -$10.00K |
Free Cash Flow | -$3.345M | -$10.62M | -$3.360M |
YoY Change | 25.02% | 21.94% | 56.28% |
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|
-243965 | USD |
CY2012 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-127284 | USD |
CY2013 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
16777746 | USD |
CY2012 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
161292 | USD |
CY2012 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1309834 | USD |
CY2013 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
73326 | USD |
CY2012 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
15652 | USD |
CY2012 | us-gaap |
Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
|
58 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
16851072 | USD |
CY2012 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
14505762 | USD |
CY2013 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
6162349 | USD |
CY2012 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
5716620 | USD |
CY2013 | us-gaap |
Interest Paid
InterestPaid
|
1030219 | USD |
CY2012 | us-gaap |
Interest Paid
InterestPaid
|
649108 | USD |
CY2012 | us-gaap |
Notes Reduction
NotesReduction
|
4838706 | USD |
CY2013 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">1.</font></b><font style="FONT-SIZE: 3pt;" size="1">                                     </font> <b><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Basis of Presentation</font></b></p> <p style="TEXT-INDENT: 0.2in; MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: 0.2in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The accompanying consolidated financial statements include the accounts of AxoGen, Inc. (the “Company” or “AxoGen”) and its wholly owned subsidiary AxoGen Corporation (“AC”) as of December 31, 2013 and December 31, 2012 and for the years then ended. The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. All significant intercompany accounts and transactions have been eliminated in consolidation.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> </div> | |
CY2013 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">2.</font></b><font style="FONT-SIZE: 3pt;" size="1">                                     </font> <b><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Organization and Business</font></b></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><b><u><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Business Summary</font></u></b></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: 0.2in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The Company is a leading medical technology company dedicated to advancing the science and commercialization of peripheral nerve repair solutions. Peripheral nerves provide the pathways for both motor and sensory signals throughout the body and their damage can result in the loss of muscle function and/or feeling. In order to improve the options available for the surgical repair and regeneration of peripheral nerves, the Company has developed and licensed, patented and patent pending regenerative medicine technologies. The Company’s innovative approach to regenerative medicine has resulted in first-in-class products that the Company believes will define their product categories. AxoGen’s products offer a full suite of surgical nerve repair solutions including Avance</font><font style="POSITION: relative; FONT-SIZE: 6.5pt; TOP: -3pt;" size="1">®</font><font style="FONT-SIZE: 10pt;" size="2"> Nerve Graft, the only off-the-shelf commercially available processed nerve allograft human nerve tissue obtained from a donor for bridging severed nerves without the comorbidities of an autograft second surgical site, such resulting in a loss of feeling where the nerve was removed and potential pain at the donor site. The Company’s AxoGuard</font><font style="POSITION: relative; FONT-SIZE: 6.5pt; TOP: -3pt;" size="1">®</font><font style="FONT-SIZE: 10pt;" size="2"> line of products are derived from pig tissue and are natural scaffolds of the body called ExtraCellular Matrix, or ECM.  AxoGuard</font><font style="POSITION: relative; FONT-SIZE: 6.5pt; TOP: -3pt;" size="1">®</font><font style="FONT-SIZE: 10pt;" size="2"> Nerve Connector is used to facilitate the tensionless repair of severed nerves, and AxoGuard</font><font style="POSITION: relative; FONT-SIZE: 6.5pt; TOP: -3pt;" size="1">®</font><font style="FONT-SIZE: 10pt;" size="2"> Nerve Protector is used to wrap and protect injured peripheral nerves and reinforce the nerve reconstruction while preventing soft tissue attachments.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> </div> | |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
177000 | USD |
CY2013 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><u><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Use of Estimates</font></u></b></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: 13.5pt; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></p> <p style="TEXT-INDENT: 13.5pt; MARGIN: 0in 0in 0pt;"> </p> </div> | |
CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
48000 | USD |
CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
48000 | USD |
CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
48000 | USD |
CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
48000 | USD |
CY2013Q4 | axgn |
Reserve For Accounts Receivable Deemed Uncollectible Percentage
ReserveForAccountsReceivableDeemedUncollectiblePercentage
|
1.00 | pure |
CY2013Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2131336 | USD |
CY2012Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2143176 | USD |
CY2013Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
235966 | USD |
CY2012Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
145156 | USD |
CY2013Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
1031136 | USD |
CY2012Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
862777 | USD |
CY2013Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
382545 | USD |
CY2012Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
537798 | USD |
CY2012 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
169887 | USD |
CY2013 | us-gaap |
Advertising Expense
AdvertisingExpense
|
37000 | USD |
CY2012 | us-gaap |
Advertising Expense
AdvertisingExpense
|
56000 | USD |
CY2013 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y | |
CY2012 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y | |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.8315 | pure |
CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.172 | pure |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0079 | pure |
CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0061 | pure |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.000 | pure |
CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.000 | pure |
CY2013 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
CY2012 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
1111000 | USD |
CY2013Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1581536 | USD |
CY2012Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1502304 | USD |
CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
308457 | USD |
CY2012Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
261928 | USD |
CY2013Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
48000 | USD |
CY2013Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
25363695 | USD |
CY2012Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
21580252 | USD |
CY2013 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
671887 | USD |
CY2012 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
495077 | USD |
CY2013Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
1233000 | USD |
CY2013 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y22D | |
CY2013Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
23075700 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
|
500 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
|
144000 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
101500 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
23321700 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
84100 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
|
-121000 | USD |
CY2013Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
-36900 | USD |
CY2013Q4 | axgn |
Deferred Tax Assets Liabilities
DeferredTaxAssetsLiabilities
|
23358600 | USD |
CY2013Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
23358600 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
18182000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
|
2800 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
|
365600 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
|
52300 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
18602700 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
154900 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
|
51700 | USD |
CY2012Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
206600 | USD |
CY2012Q4 | axgn |
Deferred Tax Assets Liabilities
DeferredTaxAssetsLiabilities
|
18396100 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
18396100 | USD |
CY2013Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
62000000 | USD |
CY2013 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
4962500 | USD |
CY2012 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
3015100 | USD |
CY2013 | us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
|
0.03 | pure |
CY2013 | axgn |
Defined Contribution Plan Minimum Age Limit For Eligibility To Participate In Plan
DefinedContributionPlanMinimumAgeLimitForEligibilityToParticipateInPlan
|
18 | |
CY2007 | axgn |
Defined Contribution Plan Employer Matching Contribution Percent Required Minimum For Three Of First Five Years Of Plan
DefinedContributionPlanEmployerMatchingContributionPercentRequiredMinimumForThreeOfFirstFiveYearsOfPlan
|
0.03 | pure |
CY2007 | axgn |
Defined Contribution Plan Employer Matching Contribution Percent Required Minimum Percentage Specified Period
DefinedContributionPlanEmployerMatchingContributionPercentRequiredMinimumPercentageSpecifiedPeriod
|
P5Y | |
CY2007 | axgn |
Defined Contribution Plan Employer Matching Contribution Percent Required Minimum Percentage Number Of Years In Specified Period
DefinedContributionPlanEmployerMatchingContributionPercentRequiredMinimumPercentageNumberOfYearsInSpecifiedPeriod
|
3 | |
CY2013 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
126322 | USD |
CY2012 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
102189 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
243000 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
243000 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
241000 | USD |
CY2013Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
207000 | USD |
CY2013 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
197000 | USD |
CY2012 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
171000 | USD |
CY2012 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
15961294 | USD |
CY2013 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2012 | us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
|
0.03 | pure |
CY2013 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2012Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
11122573 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
17339561 | shares |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
8190781 | USD |
CY2013Q4 | us-gaap |
Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
|
85882 | USD |
CY2013 | axgn |
Impairment Of Intangible Assets And Goodwill
ImpairmentOfIntangibleAssetsAndGoodwill
|
9424 | USD |
CY2012 | axgn |
Impairment Of Intangible Assets And Goodwill
ImpairmentOfIntangibleAssetsAndGoodwill
|
299654 | USD |
CY2013 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
173611 | USD |
CY2013Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
58617 | USD |
CY2012Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | USD |
CY2013Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
203380 | USD |
CY2012Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
137329 | USD |
CY2013Q4 | us-gaap |
Accrued Sales Commission Current
AccruedSalesCommissionCurrent
|
417825 | USD |
CY2012Q4 | us-gaap |
Accrued Sales Commission Current
AccruedSalesCommissionCurrent
|
121746 | USD |