$BLFS
BIOLIFE SOLUTIONS INC Stock $blfs

$blfs Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000114420416102533 Filed on May 16, 2016

Income Statement

Concept	2016 Q2	2016 Q1	2015 Q1
Revenue	$1.990M	$1.852M	$1.501M
YoY Change	32.95%	23.41%	-27.5%
Cost Of Revenue	$872.8K	$771.0K	$618.1K
YoY Change	28.72%	24.74%	-46.72%
Gross Profit	$1.117M	$1.081M	$882.6K
YoY Change	36.46%	22.48%	-1.93%
Gross Profit Margin	56.14%	58.37%	58.81%
Selling, General & Admin	$2.112M	$2.069M	$1.721M
YoY Change	26.23%	20.24%	55.04%
% of Gross Profit	189.05%	191.41%	194.98%
Research & Development	$599.0K	$504.2K	$322.2K
YoY Change	98.79%	56.52%	89.51%
% of Gross Profit	53.62%	46.65%	36.5%
Depreciation & Amortization	$90.00K	$91.79K	$83.65K
YoY Change	0.0%	9.74%	39.41%
% of Gross Profit	8.06%	8.49%	9.48%
Operating Expenses	$2.711M	$2.573M	$2.043M
YoY Change	37.3%	25.96%	60.88%
Operating Profit	-$1.594M	-$1.492M	-$1.161M
YoY Change	37.89%	28.6%	213.65%
Interest Expense	-$10.00K	$0.00	$10.00K
YoY Change	-200.0%	-100.0%	-105.56%
% of Operating Profit
Other Income/Expense, Net	-$125.8K	$1.919K	$0.00
YoY Change	-2395.2%		-100.0%
Pretax Income	-$1.720M	-$1.490M	-$1.150M
YoY Change	49.57%	29.57%	105.36%
Income Tax
% Of Pretax Income
Net Earnings	-$1.356M	-$1.227M	-$1.031M
YoY Change	36.37%	18.94%	84.19%
Net Earnings / Revenue	-68.15%	-66.24%	-68.73%
Basic Earnings Per Share
Diluted Earnings Per Share	-$108.2K	-$98.72K	-$85.12K
COMMON SHARES
Basic Shares Outstanding	12.69M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q2	2016 Q1	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.300M	$1.700M	$8.600M
YoY Change	-81.16%	-80.23%	-32.81%
Cash & Equivalents	$1.318M	$1.662M	$2.972M
Short-Term Investments	$0.00	$0.00	$5.600M
Other Short-Term Assets	$400.0K	$400.0K	$300.0K
YoY Change	33.33%	33.33%	50.0%
Inventory	$1.911M	$2.018M	$1.200M
Prepaid Expenses
Receivables	$1.284M	$1.190M	$900.0K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$4.916M	$5.307M	$11.00M
YoY Change	-47.14%	-51.76%	-25.17%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.362M	$1.382M	$1.600M
YoY Change	-14.88%	-13.65%	23.08%
Goodwill
YoY Change
Intangibles	$2.215M	$2.215M
YoY Change
Long-Term Investments
YoY Change
Other Assets	$0.00	$0.00	$0.00
YoY Change
Total Long-Term Assets	$5.635M	$5.469M	$4.200M
YoY Change	22.5%	30.22%	223.08%
TOTAL ASSETS
Total Short-Term Assets	$4.916M	$5.307M	$11.00M
Total Long-Term Assets	$5.635M	$5.469M	$4.200M
Total Assets	$10.55M	$10.78M	$15.20M
YoY Change	-24.1%	-29.11%	-5.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$864.5K	$772.9K	$900.0K
YoY Change	44.08%	-14.13%	28.57%
Accrued Expenses	$80.04K	$113.3K	$400.0K
YoY Change	-79.99%	-71.67%	100.0%
Deferred Revenue
YoY Change
Short-Term Debt	$700.0K	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.264M	$1.480M	$1.500M
YoY Change	88.63%	-1.33%	36.36%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$700.0K	$800.0K	$800.0K
YoY Change	-12.5%	0.0%	0.0%
Total Long-Term Liabilities	$700.0K	$800.0K	$800.0K
YoY Change	-12.5%	0.0%	0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.264M	$1.480M	$1.500M
Total Long-Term Liabilities	$700.0K	$800.0K	$800.0K
Total Liabilities	$3.004M	$2.246M	$4.300M
YoY Change	-20.94%	-47.77%	126.32%
SHAREHOLDERS EQUITY
Retained Earnings	-$66.91M	-$65.55M
YoY Change
Common Stock	$73.73M	$73.00M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$6.822M	$7.443M	$10.80M
YoY Change
Total Liabilities & Shareholders Equity	$10.55M	$10.78M	$15.20M
YoY Change	-24.1%	-29.11%	-5.0%

Cashflow Statement

Concept	2016 Q2	2016 Q1	2015 Q1
OPERATING ACTIVITIES
Net Income	-$1.356M	-$1.227M	-$1.031M
YoY Change	36.37%	18.94%	84.19%
Depreciation, Depletion And Amortization	$90.00K	$91.79K	$83.65K
YoY Change	0.0%	9.74%	39.41%
Cash From Operating Activities	-$1.190M	-$1.590M	-$1.310M
YoY Change	-2.46%	21.37%	47.19%
INVESTING ACTIVITIES
Capital Expenditures	-$210.0K	$26.94K	$41.13K
YoY Change	-60.38%	-34.51%	-305.64%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$1.650M	$1.760M
YoY Change	-100.0%	-6.25%
Cash From Investing Activities	-$210.0K	$1.070M	$1.720M
YoY Change	-110.05%	-37.79%	-8700.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.050M	10.00K	20.00K
YoY Change	1650.0%	-50.0%	-99.85%
NET CHANGE
Cash From Operating Activities	-1.190M	-1.590M	-1.310M
Cash From Investing Activities	-210.0K	1.070M	1.720M
Cash From Financing Activities	1.050M	10.00K	20.00K
Net Change In Cash	-350.0K	-510.0K	430.0K
YoY Change	-137.63%	-218.6%	-96.61%
FREE CASH FLOW
Cash From Operating Activities	-$1.190M	-$1.590M	-$1.310M
Capital Expenditures	-$210.0K	$26.94K	$41.13K
Free Cash Flow	-$980.0K	-$1.617M	-$1.351M
YoY Change	42.03%	19.67%	55.3%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q1	dei	Entity Registrant Name EntityRegistrantName	BIOLIFE SOLUTIONS INC
CY2016Q1	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2016Q1	us-gaap	Short Term Investments ShortTermInvestments	0	USD
CY2016Q1	dei	Trading Symbol TradingSymbol	BLFS
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	12693017	shares
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1662431	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2173258	USD
CY2016Q1	dei	Amendment Flag AmendmentFlag	false
CY2016Q1	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
CY2016Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000834365
CY2016Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q1	us-gaap	Inventory Net InventoryNet	2018255	USD
CY2015Q4	us-gaap	Inventory Net InventoryNet	1834635	USD
CY2016Q1	dei	Document Type DocumentType	10-Q
CY2016Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	435592	USD
CY2015Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	384414	USD
CY2016Q1	us-gaap	Assets Current AssetsCurrent	5306538	USD
CY2015Q4	us-gaap	Assets Current AssetsCurrent	6972937	USD
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2016Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	12508376	shares
CY2015Q4	us-gaap	Short Term Investments ShortTermInvestments	1651341	USD
CY2016Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1190260	USD
CY2016Q1	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-1792	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	260971	USD
CY2016Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	183620	USD
CY2016Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-17324	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	91907	USD
CY2016Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	10694	USD
CY2015Q1	blfs	Deferred Rent DeferredRent	4966	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-1307852	USD
CY2015Q1	us-gaap	Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment	2100000	USD
CY2015Q1	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	342872	USD
CY2015Q1	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	0	USD
CY2015Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	41128	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	1716000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	24934	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	433082	USD
CY2015Q4	us-gaap	Capitalized Computer Software Gross CapitalizedComputerSoftwareGross	1698735	USD
CY2016Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	113340	USD
CY2015Q4	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	1284491	USD
CY2016Q1	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	584603	USD
CY2015Q4	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	557666	USD
CY2016Q1	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	1025521	USD
CY2015Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	1025521	USD
CY2016Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2894615	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2867678	USD
CY2016Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1513071	USD
CY2015Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1421279	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1381544	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1446399	USD
CY2016Q1	us-gaap	Capitalized Computer Software Gross CapitalizedComputerSoftwareGross	1836220	USD
CY2015Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	929289	USD
CY2016Q1	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	1284491	USD
CY2016Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	2215385	USD
CY2015Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	2215385	USD
CY2016Q1	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	36166	USD
CY2015Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	36166	USD
CY2016Q1	us-gaap	Assets Assets	10775853	USD
CY2015Q4	us-gaap	Assets Assets	12369622	USD
CY2016Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	772870	USD
CY2015Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	1029373	USD
CY2015Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	146438	USD
CY2016Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	463558	USD
CY2015Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	419766	USD
CY2016Q1	us-gaap	Deferred Rent Credit DeferredRentCredit	130216	USD
CY2015Q4	us-gaap	Deferred Rent Credit DeferredRentCredit	130216	USD
CY2016Q1	us-gaap	Liabilities Current LiabilitiesCurrent	1479984	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1725793	USD
CY2016Q1	blfs	Deferred Rent Long Term DeferredRentLongTerm	766044	USD
CY2015Q4	blfs	Deferred Rent Long Term DeferredRentLongTerm	784458	USD
CY2016Q1	us-gaap	Liabilities Liabilities	2246028	USD
CY2015Q4	us-gaap	Liabilities Liabilities	2510251	USD
CY2016Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2015Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q1	us-gaap	Common Stock Value CommonStockValue	12508	USD
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	12447	USD
CY2016Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	72983853	USD
CY2015Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	72823398	USD
CY2016Q1	us-gaap	Accumulated Other Comprehensive Income Loss Before Tax1 AccumulatedOtherComprehensiveIncomeLossBeforeTax1	0	USD
CY2015Q4	us-gaap	Accumulated Other Comprehensive Income Loss Before Tax1 AccumulatedOtherComprehensiveIncomeLossBeforeTax1	-451	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-65553751	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-64326923	USD
CY2016Q1	us-gaap	Minority Interest MinorityInterest	1087215	USD
CY2015Q4	us-gaap	Minority Interest MinorityInterest	1350900	USD
CY2016Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	10775853	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	12369622	USD
CY2016Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	0	USD
CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	0	USD
CY2016Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
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CY2016Q1	us-gaap	Depreciation Depreciation	91791	USD
CY2015Q1	us-gaap	Depreciation Depreciation	83646	USD
CY2016Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	12508376	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	12448391	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	12448391	shares
CY2016Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	1852017	USD
CY2015Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	1500722	USD
CY2016Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	771005	USD
CY2015Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	618099	USD
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CY2015Q1	us-gaap	Gross Profit GrossProfit	882623	USD
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CY2016Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	733913	USD
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CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1492432	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1160502	USD
CY2016Q1	us-gaap	Other Income OtherIncome	1919	USD
CY2015Q1	us-gaap	Other Income OtherIncome	8237	USD
CY2016Q1	us-gaap	Profit Loss ProfitLoss	-1490513	USD
CY2015Q1	us-gaap	Profit Loss ProfitLoss	-1152265	USD
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CY2015Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-120783	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	-1226828	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	-1031482	USD
CY2016Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.10
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CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	12457858	shares
CY2015Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	12100588	shares
CY2016Q1	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	451	USD
CY2015Q1	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	5499	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-451	USD
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CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	146527	USD
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CY2015Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-353077	USD
CY2016Q1	blfs	Deferred Rent DeferredRent	13335	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-1593483	USD
CY2016Q1	us-gaap	Proceeds From Sale And Maturity Of Trading Securities Heldforinvestment ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment	1650000	USD
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CY2016Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	32223	USD
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CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	12127	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-510827	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	451	USD
CY2016Q1	us-gaap	Deposits Fair Value Disclosure DepositsFairValueDisclosure	609247	USD
CY2016Q1	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	1053184	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	1662431	USD
CY2016Q1	us-gaap	Assets Fair Value Disclosure Recurring AssetsFairValueDisclosureRecurring	1662431	USD
CY2015Q4	us-gaap	Deposits Fair Value Disclosure DepositsFairValueDisclosure	440809	USD
CY2015Q4	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	1732449	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	2173258	USD
CY2015Q4	us-gaap	Financial Instruments Owned Corporate Debt At Fair Value FinancialInstrumentsOwnedCorporateDebtAtFairValue	1401453	USD
CY2015Q4	us-gaap	Commercial Paper At Carrying Value CommercialPaperAtCarryingValue	249888	USD
CY2015Q4	us-gaap	Available For Sale Securities AvailableForSaleSecurities	1651341	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1025983	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2538758	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2971840	USD
CY2016Q1	us-gaap	Amortization Of Lease Incentives AmortizationOfLeaseIncentives	-31749	USD
CY2015Q1	us-gaap	Amortization Of Lease Incentives AmortizationOfLeaseIncentives	-31750	USD
CY2016Q1	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b><i>Concentrations of credit risk and business risk</i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">In the three months ended March 31, 2016, we derived approximately 12% of our product revenue from one customer. In the three months ended March 31, 2015, we derived approximately 11% of our product revenue from one customer. No other customer accounted for more than 10% of revenue in the three months ended March 31, 2016 or 2015. At March 31, 2016, one customer accounted for approximately 19% of total gross accounts receivable. At December 31, 2015, three customers accounted for approximately 53% of total gross accounts receivable.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Revenue from customers located in foreign countries represented 21% of total revenue during the three months ended March 31, 2016 and 2015.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q4	us-gaap	Assets Fair Value Disclosure Recurring AssetsFairValueDisclosureRecurring	3824599	USD
CY2016Q1	us-gaap	Inventory Raw Materials InventoryRawMaterials	518469	USD
CY2015Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	299952	USD
CY2016Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	383297	USD
CY2015Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	666124	USD
CY2016Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	1116489	USD
CY2015Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	868559	USD
CY2016Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	20096	USD
CY2015Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	0	USD
CY2016Q1	blfs	Option Exercises For Which Cash Not Yet Received OptionExercisesForWhichCashNotYetReceived	13989	USD
CY2015Q1	blfs	Option Exercises For Which Cash Not Yet Received OptionExercisesForWhichCashNotYetReceived	0	USD
CY2016Q1	blfs	Deferred Costs Related To Security Issuance Not Yet Paid DeferredCostsRelatedToSecurityIssuanceNotYetPaid	66640	USD
CY2015Q1	blfs	Deferred Costs Related To Security Issuance Not Yet Paid DeferredCostsRelatedToSecurityIssuanceNotYetPaid	0	USD
CY2016Q1	us-gaap	Operating Leases Rent Expense Minimum Rentals OperatingLeasesRentExpenseMinimumRentals	59700	USD
CY2016Q1	us-gaap	Long Term Purchase Commitment Amount LongTermPurchaseCommitmentAmount	2400000	USD
CY2016Q1	us-gaap	Purchase Commitment Remaining Minimum Amount Committed PurchaseCommitmentRemainingMinimumAmountCommitted	2100000	USD
CY2016Q1	us-gaap	Area Of Land AreaOfLand	30000	acre
CY2016Q1	us-gaap	Lease Expiration Date1 LeaseExpirationDate1	2021-07-31
CY2016Q1	us-gaap	Lessee Leasing Arrangements Operating Leases Renewal Term LesseeLeasingArrangementsOperatingLeasesRenewalTerm	P5Y
CY2016Q1	us-gaap	Warrants And Rights Outstanding WarrantsAndRightsOutstanding	7195997	USD
CY2016Q1	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	4.60
CY2015Q4	us-gaap	Warrants And Rights Outstanding WarrantsAndRightsOutstanding	7195997	USD
CY2015Q4	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	4.60
CY2016Q1	blfs	Outstanding Warrants Expiration Dates OutstandingWarrantsExpirationDates	The outstanding warrants have expiration dates between August 2016 and March 2021.
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0165	pure
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate		pure
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.0	pure
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate		pure
CY2016Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P7Y
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate	0.75	pure
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate		pure
CY2016Q1	blfs	Estimated Forfeiture Rate EstimatedForfeitureRate	0.081	pure
CY2015Q1	blfs	Estimated Forfeiture Rate EstimatedForfeitureRate	0.070	pure
CY2016Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	1717280	USD
CY2016Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P3Y18D
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	731042	USD
CY2016Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	722956	USD
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	4253	USD
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	20937	USD
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	1.29
CY2016Q1	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	98718	USD
CY2016Q1	blfs	Leasehold Improvements Gross1 LeaseholdImprovementsGross1	1124790	USD
CY2015Q4	blfs	Leasehold Improvements Gross1 LeaseholdImprovementsGross1	1124790	USD
CY2016Q1	blfs	Less Accumulated Amortization LessAccumulatedAmortization	407279	USD
CY2015Q4	blfs	Less Accumulated Amortization LessAccumulatedAmortization	375530	USD
CY2016Q1	blfs	Leasehold Improvements LeaseholdImprovements	717511	USD
CY2015Q4	blfs	Leasehold Improvements LeaseholdImprovements	749260	USD
CY2016Q1	blfs	Straight Line Rent Adjustment StraightLineRentAdjustment	178749	USD
CY2015Q4	blfs	Straight Line Rent Adjustment StraightLineRentAdjustment	165414	USD
CY2016Q1	us-gaap	Deferred Rent Credit Current DeferredRentCreditCurrent	896260	USD
CY2015Q4	us-gaap	Deferred Rent Credit Current DeferredRentCreditCurrent	914674	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	7442610	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	8508471	USD
CY2016Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	8529825	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	9859371	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-1490062	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-1146766	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1226377	USD
CY2016Q1	blfs	Conversion Of Notes Payable ConversionOfNotesPayable	0	USD
CY2015Q1	blfs	Conversion Of Notes Payable ConversionOfNotesPayable	334640	USD

Files In Submission

Name	View Source	Status
0001144204-16-102533-index-headers.html	Edgar Link	pending
0001144204-16-102533-index.html	Edgar Link	pending
0001144204-16-102533.txt	Edgar Link	pending
0001144204-16-102533-xbrl.zip	Edgar Link	pending
blfs-20160331.xml	Edgar Link	completed
blfs-20160331.xsd	Edgar Link	pending
blfs-20160331_cal.xml	Edgar Link	unprocessable
blfs-20160331_def.xml	Edgar Link	unprocessable
blfs-20160331_lab.xml	Edgar Link	unprocessable
blfs-20160331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
image_002.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
v439570_10q.htm	Edgar Link	pending
v439570_ex10-1.htm	Edgar Link	pending
v439570_ex10-2.htm	Edgar Link	pending
v439570_ex10-3.htm	Edgar Link	pending
v439570_ex10-4.htm	Edgar Link	pending
v439570_ex10-5.htm	Edgar Link	pending
v439570_ex10-6.htm	Edgar Link	pending
v439570_ex10-7.htm	Edgar Link	pending
v439570_ex10-8.htm	Edgar Link	pending
v439570_ex31-1.htm	Edgar Link	pending
v439570_ex31-2.htm	Edgar Link	pending
v439570_ex32-1.htm	Edgar Link	pending
v439570_ex32-2.htm	Edgar Link	pending

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$BLFS
BIOLIFE SOLUTIONS INC Stock $blfs

2016 Q2 Form 10-Q Financial Statement

#000114420416102533 Filed on May 16, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BLFS BIOLIFE SOLUTIONS INC Stock $blfs

2016 Q2 Form 10-Q Financial Statement

#000114420416102533 Filed on May 16, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BLFS
BIOLIFE SOLUTIONS INC Stock $blfs