2012 Q4 Form 10-K Financial Statement

#000119312513110112 Filed on March 15, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2012 2011 Q4
Revenue $19.08M $57.36M $13.16M
YoY Change 44.98% 17.39% 35.39%
Cost Of Revenue $10.19M $30.88M $7.610M
YoY Change 33.9% 12.12% 55.62%
Gross Profit $8.890M $26.48M $5.550M
YoY Change 60.18% 24.2% 14.91%
Gross Profit Margin 46.59% 46.16% 42.17%
Selling, General & Admin $6.670M $24.33M $6.420M
YoY Change 3.89% 15.77% 76.37%
% of Gross Profit 75.03% 91.87% 115.68%
Research & Development $1.030M $4.684M $1.070M
YoY Change -3.74% 8.65% 33.75%
% of Gross Profit 11.59% 17.69% 19.28%
Depreciation & Amortization $140.0K $513.0K $140.0K
YoY Change 0.0% -26.19% -41.67%
% of Gross Profit 1.57% 1.94% 2.52%
Operating Expenses $7.700M $29.01M $7.490M
YoY Change 2.8% 14.56% 69.07%
Operating Profit $1.190M -$2.531M -$1.940M
YoY Change -161.34% -36.79% -585.0%
Interest Expense -$140.0K $239.0K -$80.00K
YoY Change 75.0% -21.64% -55.56%
% of Operating Profit -11.76%
Other Income/Expense, Net -$414.0K
YoY Change 5.34%
Pretax Income $1.060M -$2.945M -$2.020M
YoY Change -152.48% -33.02% -1222.22%
Income Tax $10.00K $111.0K $10.00K
% Of Pretax Income 0.94%
Net Earnings $1.040M -$3.056M -$2.030M
YoY Change -151.23% -31.88% -1294.12%
Net Earnings / Revenue 5.45% -5.33% -15.43%
Basic Earnings Per Share -$0.10
Diluted Earnings Per Share $149.2K -$0.10 -$317.2K
COMMON SHARES
Basic Shares Outstanding 31.12M shares 32.16M
Diluted Shares Outstanding 32.16M

Balance Sheet

Concept 2012 Q4 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.540M $2.540M $3.310M
YoY Change -23.26% -23.26% 95.86%
Cash & Equivalents $2.543M $2.540M $3.307M
Short-Term Investments
Other Short-Term Assets $1.550M $1.550M $1.810M
YoY Change -14.36% -14.36% 33.09%
Inventory $11.14M $11.14M $11.31M
Prepaid Expenses
Receivables $11.68M $11.46M $8.899M
Other Receivables $179.0K $220.0K $287.0K
Total Short-Term Assets $26.92M $26.92M $25.33M
YoY Change 6.28% 6.28% 89.42%
LONG-TERM ASSETS
Property, Plant & Equipment $1.509M $1.510M $1.148M
YoY Change 31.45% 31.3% -13.68%
Goodwill $2.926M $2.926M
YoY Change 0.0%
Intangibles $300.0K $212.0K
YoY Change 41.51%
Long-Term Investments
YoY Change
Other Assets $305.0K $320.0K $187.0K
YoY Change 63.1% 60.0% 3.89%
Total Long-Term Assets $5.056M $5.050M $4.481M
YoY Change 12.83% 12.72% -6.26%
TOTAL ASSETS
Total Short-Term Assets $26.92M $26.92M $25.33M
Total Long-Term Assets $5.056M $5.050M $4.481M
Total Assets $31.97M $31.97M $29.81M
YoY Change 7.27% 7.25% 64.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.663M $7.660M $7.804M
YoY Change -1.81% -1.79% 93.65%
Accrued Expenses $6.267M $5.280M $6.177M
YoY Change 1.46% -14.56% 12.72%
Deferred Revenue
YoY Change
Short-Term Debt $1.640M $1.640M $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $19.38M $19.38M $16.28M
YoY Change 19.0% 19.04% -17.18%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $138.0K $140.0K $337.0K
YoY Change -59.05% -61.11% -65.96%
Total Long-Term Liabilities $138.0K $140.0K $337.0K
YoY Change -59.05% -61.11% -65.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.38M $19.38M $16.28M
Total Long-Term Liabilities $138.0K $140.0K $337.0K
Total Liabilities $20.18M $20.18M $17.24M
YoY Change 17.06% 17.05% -18.65%
SHAREHOLDERS EQUITY
Retained Earnings -$112.3M -$109.2M
YoY Change 2.8%
Common Stock $34.00K $138.5M
YoY Change -99.98%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.40M $16.40M
YoY Change 0.0%
Treasury Stock Shares $1.964M $1.964M
Shareholders Equity $11.79M $11.79M $12.57M
YoY Change
Total Liabilities & Shareholders Equity $31.97M $31.97M $29.81M
YoY Change 7.27% 7.25% 64.23%

Cashflow Statement

Concept 2012 Q4 2012 2011 Q4
OPERATING ACTIVITIES
Net Income $1.040M -$3.056M -$2.030M
YoY Change -151.23% -31.88% -1294.12%
Depreciation, Depletion And Amortization $140.0K $513.0K $140.0K
YoY Change 0.0% -26.19% -41.67%
Cash From Operating Activities $1.900M -$1.664M -$2.020M
YoY Change -194.06% -87.51% 741.67%
INVESTING ACTIVITIES
Capital Expenditures -$90.00K $808.0K -$140.0K
YoY Change -35.71% 88.79% 600.0%
Acquisitions
YoY Change
Other Investing Activities -$10.00K $110.0K $0.00
YoY Change
Cash From Investing Activities -$110.0K -$698.0K -$140.0K
YoY Change -21.43% 63.08% 600.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $235.0K
YoY Change -101.39%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -550.0K 1.559M -240.0K
YoY Change 129.17% -89.87% -4.0%
NET CHANGE
Cash From Operating Activities 1.900M -1.664M -2.020M
Cash From Investing Activities -110.0K -698.0K -140.0K
Cash From Financing Activities -550.0K 1.559M -240.0K
Net Change In Cash 1.900M -803.0K -2.400M
YoY Change -179.17% -148.99% 370.59%
FREE CASH FLOW
Cash From Operating Activities $1.900M -$1.664M -$2.020M
Capital Expenditures -$90.00K $808.0K -$140.0K
Free Cash Flow $1.990M -$2.472M -$1.880M
YoY Change -205.85% -82.02% 754.55%

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CY2012Q4 biol Deferred Tax Liabilities State Taxes
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CY2012Q4 biol Trade Account Receivable
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CY2012Q4 biol Financed Insurance Premium Finance Charge
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CY2012Q4 biol Finite Lived Intangible Assets Impairment
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CY2012Q4 biol Stockholders Equity Excluding Treasury Stock
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CY2012Q4 biol Deferred Tax Assets Excluded From Valuation Allowance
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CY2012Q4 biol Unrecognized Tax Benefits Impact Additional Paid In Capital If Realized
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CY2006Q1 biol Lease Term
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2010 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
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CY2010 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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CY2010 us-gaap Repayments Of Long Term Debt
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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CY2010 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2010 us-gaap Comprehensive Income Net Of Tax
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CY2010 us-gaap Asset Impairment Charges
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CY2010 us-gaap Share Based Compensation
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CY2010 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2010 us-gaap Current Federal Tax Expense Benefit
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CY2010 us-gaap Effective Income Tax Rate Continuing Operations
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CY2010 us-gaap Net Cash Provided By Used In Investing Activities
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CY2010 us-gaap Investment Income Interest
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CY2010 us-gaap Increase Decrease In Deferred Revenue
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CY2010 us-gaap Increase Decrease In Customer Deposits
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CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2010 us-gaap Payments To Acquire Property Plant And Equipment
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CY2010 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2010 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2010 us-gaap Operating Expenses
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2010 us-gaap Current State And Local Tax Expense Benefit
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CY2010 us-gaap Operating Leases Rent Expense Net
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CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2010 us-gaap Current Foreign Tax Expense Benefit
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CY2010 us-gaap Depreciation
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CY2010 us-gaap Income Taxes Paid Net
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2010 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2010 us-gaap Allocated Share Based Compensation Expense
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CY2010 us-gaap Gross Profit
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CY2010 us-gaap Interest Paid
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
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CY2010 us-gaap Deferred Income Tax Expense Benefit
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CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2010 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2010 us-gaap Net Income Loss
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CY2010 us-gaap Nonoperating Income Expense
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CY2010 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
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CY2010 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2010 us-gaap Income Tax Expense Benefit
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CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2010 biol Effective Income Tax Rate Reconciliation Other Reconciling Items
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CY2010 biol Other Equity Instruments Compensation
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19000
CY2010 biol License Fees And Royalty Revenue
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CY2010 biol Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend
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CY2010 biol No Individual Country Other Than United States Represents More Than Ten Percentage Of Net Revenue
NoIndividualCountryOtherThanUnitedStatesRepresentsMoreThanTenPercentageOfNetRevenue
No individual international country represented more than 10% of net revenue
CY2010 biol Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term One
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P4Y6M15D
CY2010 biol Products And Services Revenue
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CY2010 biol Share Based Compensation Net Impact On Earning Per Share Diluted
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CY2010 biol Percentage Of Sales Concentration To One Customer
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0.38 pure
CY2010 biol Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Options Vested In Period Fair Value
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713000
CY2010 biol Adjustments To Additional Paid In Capital Non Employee Equity Instruments
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19000
CY2010 biol Sales To Customers Located Within United States
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0.64 pure
CY2010 biol Sales To Customers Located Outside Of United States
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0.36 pure
CY2010 biol Cost Of Revenue Prior To Nonrecurring Event
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17400000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2011 us-gaap Operating Income Loss
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CY2011 us-gaap Other Noncash Income Expense
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CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
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0.202 pure
CY2011 us-gaap Repayments Of Long Term Debt
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2700000
CY2011 us-gaap Standard Product Warranty Accrual Warranties Issued
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1528000
CY2011 us-gaap Comprehensive Income Net Of Tax
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CY2011 us-gaap Current Income Tax Expense Benefit
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
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CY2011 us-gaap Depreciation Depletion And Amortization
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CY2011 us-gaap Share Based Compensation
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CY2011 us-gaap Earnings Per Share Diluted
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CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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CY2011 us-gaap Sales Returns And Allowances Goods
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CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2011 us-gaap Provision For Doubtful Accounts
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CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2011 us-gaap Stock Repurchased During Period Value
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268000
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
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0.022 pure
CY2011 us-gaap Proceeds From Stock Options Exercised
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1244000
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
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CY2011 us-gaap Net Cash Provided By Used In Investing Activities
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CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2011 us-gaap Increase Decrease In Deferred Revenue
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CY2011 us-gaap Increase Decrease In Customer Deposits
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CY2011 us-gaap Product Warranty Expense
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CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2011 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
99000
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.181 pure
CY2011 us-gaap Interest Expense Other
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5000
CY2011 us-gaap Stock Issued During Period Value New Issues
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17223000
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
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428000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1613000
CY2011 us-gaap General And Administrative Expense
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7936000
CY2011 us-gaap Inventory Write Down
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392000
CY2011 us-gaap Advertising Expense
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444000
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
552000
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2011 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
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CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
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1244000
CY2011 us-gaap Sales Revenue Net
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48858000
CY2011 us-gaap Increase Decrease In Accounts Receivable
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5642000
CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-36000
CY2011 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
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CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2011 us-gaap Selling And Marketing Expense
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13075000
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
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64000
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4311000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
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15387000
CY2011 us-gaap Cost Of Revenue
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27540000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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766000 shares
CY2011 us-gaap Payments For Repurchase Of Warrants
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130000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2011 us-gaap Operating Expenses
OperatingExpenses
25322000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.05 pure
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29907000 shares
CY2011 us-gaap Increase Decrease In Inventories
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4716000
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
16000
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1000000
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.023 pure
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
20000
CY2011 us-gaap Depreciation
Depreciation
565000
CY2011 us-gaap Income Taxes Paid Net
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44000
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-36000
CY2011 us-gaap Allocated Share Based Compensation Expense
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1528000
CY2011 us-gaap Gross Profit
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21318000
CY2011 us-gaap Interest Paid
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80000
CY2011 us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
Less than 10%
CY2011 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.020 pure
CY2011 us-gaap Class Of Warrant Or Right Expense Or Revenue Recognized
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273000
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
53000
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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4626000 shares
CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
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3000
CY2011 us-gaap Net Income Loss
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-4486000
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-393000
CY2011 us-gaap Common Stock Dividends Shares
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CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
250000
CY2011 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-88000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
89000
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-26000
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
130000
CY2011 us-gaap Interest Expense
InterestExpense
305000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.97
CY2011 biol Total Deferred Income Tax Expense Benefit
TotalDeferredIncomeTaxExpenseBenefit
53000
CY2011 biol Effective Income Tax Rate Reconciliation Other Reconciling Items
EffectiveIncomeTaxRateReconciliationOtherReconcilingItems
-0.001 pure
CY2011 biol Proceeds From Sale Of Common Stock Net Of Issuance Costs
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17223000
CY2011 biol Stock Issued During Period Value Warrants Exercised
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18000
CY2011 biol Adjustments To Additional Paid In Capital Warrant Repurchased
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130000
CY2011 biol Other Equity Instruments Compensation
OtherEquityInstrumentsCompensation
273000
CY2011 biol License Fees And Royalty Revenue
LicenseFeesAndRoyaltyRevenue
439000
CY2011 biol Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividend
0.00
CY2011 biol No Individual Country Other Than United States Represents More Than Ten Percentage Of Net Revenue
NoIndividualCountryOtherThanUnitedStatesRepresentsMoreThanTenPercentageOfNetRevenue
No individual international country represented more than 10% of net revenue
CY2011 biol Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term One
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermOne
P4Y1M24D
CY2011 biol Products And Services Revenue
ProductsAndServicesRevenue
48419000
CY2011 biol Share Based Compensation Net Impact On Earning Per Share Diluted
ShareBasedCompensationNetImpactOnEarningPerShareDiluted
-0.05
CY2011 biol Payments Of Stock Repurchase Costs
PaymentsOfStockRepurchaseCosts
268000
CY2011 biol Percentage Of Sales Concentration To One Customer
PercentageOfSalesConcentrationToOneCustomer
0.19 pure
CY2011 biol Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Options Vested In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOptionsVestedInPeriodFairValue
1259000
CY2011 biol Adjustments To Additional Paid In Capital Non Employee Equity Instruments
AdjustmentsToAdditionalPaidInCapitalNonEmployeeEquityInstruments
273000
CY2011 biol Sales To Customers Located Within United States
SalesToCustomersLocatedWithinUnitedStates
0.67 pure
CY2011 biol Sales To Customers Located Outside Of United States
SalesToCustomersLocatedOutsideOfUnitedStates
0.33 pure
CY2011 biol Cost Of Revenue Prior To Nonrecurring Event
CostOfRevenuePriorToNonrecurringEvent
27540000
CY2012 dei Trading Symbol
TradingSymbol
BIOL
CY2012 dei Entity Registrant Name
EntityRegistrantName
BIOLASE, INC
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0000811240
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0077 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
91000
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
-2531000
CY2012 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-250000
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
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0.282 pure
CY2012 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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142000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y10M10D
CY2012 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1705000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.061 pure
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1600000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3016000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
50000
CY2012 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
120000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
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CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
513000
CY2012 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
16600000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
1600000
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
3.63
CY2012 us-gaap Sales Returns And Allowances Goods
SalesReturnsAndAllowancesGoods
110000
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-347000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
57000
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
241000
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
214000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
208000 shares
CY2012 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
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CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2012 us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
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200000
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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0.039 pure
CY2012 us-gaap Short Term Debt Description
ShortTermDebtDescription
Nine
CY2012 us-gaap Proceeds From Sale Of Productive Assets
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124000
CY2012 us-gaap Proceeds From Stock Options Exercised
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455000
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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CY2012 us-gaap Net Cash Provided By Used In Investing Activities
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CY2012 us-gaap Payments Of Debt Issuance Costs
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CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
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12000
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1068000
CY2012 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
417000
CY2012 us-gaap Product Warranty Expense
ProductWarrantyExpense
2224000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.12
CY2012 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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CY2012 us-gaap Amortization Of Financing Costs
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91000
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.041 pure
CY2012 us-gaap Interest Expense Other
InterestExpenseOther
5000
CY2012 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
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808000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8075000
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330000
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AdvertisingExpense
907000
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2012 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y2M12D
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31308000 shares
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
455000
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
57356000
CY2012 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P3Y11M16D
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3222000
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
40000
CY2012 us-gaap Proceeds From Warrant Exercises
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6000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-2945000
CY2012 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
16250000
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2012 us-gaap Licenses Revenue
LicensesRevenue
0
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4684000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1559000
CY2012 us-gaap Cost Of Revenue
CostOfRevenue
30878000
CY2012 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
19000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
966000 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.006 pure
CY2012 us-gaap Operating Expenses
OperatingExpenses
29009000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.97 pure
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31308000 shares
CY2012 us-gaap Increase Decrease In Inventories
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160000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
18000
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
789000.0
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-0.340 pure
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y11M16D
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.130 pure
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
32000
CY2012 us-gaap Depreciation
Depreciation
377000
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
62000
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-15000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1600000
CY2012 us-gaap Gross Profit
GrossProfit
26478000
CY2012 us-gaap Operating Loss Carryforwards Expiration Dates
OperatingLossCarryforwardsExpirationDates
2013
CY2012 us-gaap Interest Paid
InterestPaid
88000
CY2012 us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
Less than 10%
CY2012 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.162 pure
CY2012 us-gaap Class Of Warrant Or Right Expense Or Revenue Recognized
ClassOfWarrantOrRightExpenseOrRevenueRecognized
23000
CY2012 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
14000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
61000
CY2012 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
43000
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
160000
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4713000 shares
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-8000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
-3056000
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-414000
CY2012 us-gaap Common Stock Dividends Shares
CommonStockDividendsShares
634162 shares
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
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250000
CY2012 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-175000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
111000
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
39000
CY2012 us-gaap Use Of Estimates
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<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Use of Estimates</i></b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of these consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (&#x201C;GAAP&#x201D;) requires the Company to make estimates and assumptions that affect amounts reported in the consolidated financial statements and the accompanying notes. Significant estimates in these consolidated financial statements include allowances on accounts receivable, inventory and deferred taxes, as well as estimates for accrued warranty expenses, indefinite-lived intangible assets and the ability of goodwill to be realized, revenue deferrals for multiple element arrangements, effects of stock-based compensation and warrants, contingent liabilities and the provision or benefit for income taxes. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may differ materially from those estimates.</font></p> </div>
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
136000
CY2012 us-gaap Debt Issuance Costs
DebtIssuanceCosts
91000
CY2012 us-gaap Interest Expense
InterestExpense
239000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.39
CY2012 biol Total Deferred Income Tax Expense Benefit
TotalDeferredIncomeTaxExpenseBenefit
61000
CY2012 biol Effective Income Tax Rate Reconciliation Other Reconciling Items
EffectiveIncomeTaxRateReconciliationOtherReconcilingItems
0.006 pure
CY2012 biol Indefinite Lived Intangible Assets Useful Life
IndefiniteLivedIntangibleAssetsUsefulLife
Indefinite life
CY2012 biol Unrecognized Tax Benefits That Would Impact Additional Paid In Capital
UnrecognizedTaxBenefitsThatWouldImpactAdditionalPaidInCapital
6400000
CY2012 biol Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
6000
CY2012 biol Non Recurring Revenue
NonRecurringRevenue
1141000
CY2012 biol Other Equity Instruments Compensation
OtherEquityInstrumentsCompensation
23000
CY2012 biol Decreased Revenues Pursuant To Two Thousand And Twelve Termination Agreement
DecreasedRevenuesPursuantToTwoThousandAndTwelveTerminationAgreement
1100000
CY2012 biol License Fees And Royalty Revenue
LicenseFeesAndRoyaltyRevenue
165000
CY2012 biol Number Revolving Credit Facility Agreements
NumberRevolvingCreditFacilityAgreements
2 Agreement
CY2012 biol Derecognized Accrued Warranties Pursuant To Two Thousand And Twelve Termination Agreement
DerecognizedAccruedWarrantiesPursuantToTwoThousandAndTwelveTerminationAgreement
142000
CY2012 biol Non Recurring Cost Of Revenue
NonRecurringCostOfRevenue
1141000
CY2012 biol Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividend
0.00
CY2012 biol No Individual Country Other Than United States Represents More Than Ten Percentage Of Net Revenue
NoIndividualCountryOtherThanUnitedStatesRepresentsMoreThanTenPercentageOfNetRevenue
No individual international country represented more than 10% of net revenue
CY2012 biol Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term One
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P3Y8M12D
CY2012 biol Products And Services Revenue
ProductsAndServicesRevenue
58332000
CY2012 biol Reversal Of Sales And Marketing Service Liabilities Pursuant To Two Thousand And Twelve Termination Agreement
ReversalOfSalesAndMarketingServiceLiabilitiesPursuantToTwoThousandAndTwelveTerminationAgreement
350000
CY2012 biol Agreed Upon Purchase Price Pursuant To Two Thousand And Twelve Termination Agreement
AgreedUponPurchasePricePursuantToTwoThousandAndTwelveTerminationAgreement
1100000
CY2012 biol Non Recurring Events
NonRecurringEvents
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>NOTE 11 &#x2014; NON-RECURRING EVENT</b></font></p> <!-- xbrl,body --> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">On April&#xA0;12, 2012, the Company completed the 2012 Termination Agreement with HSIC whereby the Company purchased HSIC&#x2019;s inventory of Waterlase MD Turbo laser systems for approximately $1.1 million and HSIC released its liens on the Company&#x2019;s assets. Pursuant to the terms of the 2012 Termination Agreement, the Company paid the entire purchase price by offsetting accounts receivable currently due from HSIC from sales made in the normal course of business. None of the funds used to offset the purchase price were related to the original sales of the MD Turbo laser systems that were purchased. During the year ended December&#xA0;31, 2012, the Company sold all laser systems purchased under this arrangement at margins consistent with the Company&#x2019;s comparable laser products.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">As a result of the transaction, the Company recorded a decrease to accounts receivable of approximately $1.1 million with a corresponding decrease to revenue to pay for the purchase of the Waterlase MD Turbo laser systems. The Company also recorded an increase to inventory for the same amount with a corresponding decrease to cost of revenue to record the inventory acquired. As such, while the Company&#x2019;s revenues and cost of revenues were both reduced by $1.1 million to record the effects of the transaction, there was no effect on the Company&#x2019;s gross profit during the year ended December&#xA0;31, 2012. Additionally, as a result of the transaction, during the year ended December&#xA0;31, 2012, the Company de-recognized approximately $155,000 of accounts receivable due from HSIC related to support services previously provided to HSIC and approximately $142,000 of accrued warranties previously provided to HSIC and reversed accrued sales and marketing service liabilities of approximately $350,000.</font></p> </div>
CY2012 biol Share Based Compensation Net Impact On Earning Per Share Diluted
ShareBasedCompensationNetImpactOnEarningPerShareDiluted
-0.05
CY2012 biol Amortization Of Discounts On Lines Of Credit
AmortizationOfDiscountsOnLinesOfCredit
43000
CY2012 biol Line Of Credit Facility Aggregate Commitment Fee Amount
LineOfCreditFacilityAggregateCommitmentFeeAmount
240000
CY2012 biol Decreased Receivables Pursuant To Two Thousand And Twelve Termination Agreement
DecreasedReceivablesPursuantToTwoThousandAndTwelveTerminationAgreement
1100000
CY2012 biol Payments Of Stock Repurchase Costs
PaymentsOfStockRepurchaseCosts
235000
CY2012 biol Percentage Of Sales Concentration To One Customer
PercentageOfSalesConcentrationToOneCustomer
0.03 pure
CY2012 biol Decreased Cost Of Revenues Pursuant To Two Thousand And Twelve Termination Agreement
DecreasedCostOfRevenuesPursuantToTwoThousandAndTwelveTerminationAgreement
1100000
CY2012 biol Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Options Vested In Period Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOptionsVestedInPeriodFairValue
1737000
CY2012 biol Adjustments To Additional Paid In Capital Non Employee Equity Instruments
AdjustmentsToAdditionalPaidInCapitalNonEmployeeEquityInstruments
23000
CY2012 biol Sales To Customers Located Within United States
SalesToCustomersLocatedWithinUnitedStates
0.71 pure
CY2012 biol Derecognized Accounts Receivable Pursuant To Two Thousand And Twelve Termination Agreement
DerecognizedAccountsReceivablePursuantToTwoThousandAndTwelveTerminationAgreement
155000
CY2012 biol Sales To Customers Located Outside Of United States
SalesToCustomersLocatedOutsideOfUnitedStates
0.29 pure
CY2012 biol Share Based Compensation Arrangement By Share Based Payment Award Options Expired Vested In Period Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpiredVestedInPeriodIntrinsicValue
CY2012 biol Share Based Compensation Arrangements By Share Based Payment Award Options Expired Vested Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpiredVestedWeightedAverageExercisePrice
4.84
CY2012 biol Cost Of Revenue Prior To Nonrecurring Event
CostOfRevenuePriorToNonrecurringEvent
32019000
CY2011Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.01 pure
CY2011Q2 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.01 pure
CY2012Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2012-03-15
CY2012Q1 biol Special Stock Dividends Declared
SpecialStockDividendsDeclared
0.005 pure
CY2012Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2012-06-08
CY2012Q2 biol Special Stock Dividends Declared
SpecialStockDividendsDeclared
0.005 pure
CY2011Q3 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.01 pure
CY2012Q3 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2012-09-14
CY2012Q3 biol Special Stock Dividends Declared
SpecialStockDividendsDeclared
0.005 pure
CY2011Q4 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.01 pure
CY2012Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1900000
CY2012Q4 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2012-12-14
CY2012Q4 biol Special Stock Dividends Declared
SpecialStockDividendsDeclared
0.005 pure

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