2011 Q4 Form 10-K Financial Statement

#000119312513103031 Filed on March 12, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $9.896M $7.770M $6.753M
YoY Change 53.19% 55.71% 13.69%
Cost Of Revenue $6.206M $4.726M $4.074M
YoY Change 70.96% 103.71% 39.04%
Gross Profit $3.690M $3.044M $2.679M
YoY Change 30.39% 14.01% -10.7%
Gross Profit Margin 37.29% 39.18% 39.67%
Selling, General & Admin $5.938M $5.380M $6.207M
YoY Change 0.47% 5.7% 17.11%
% of Gross Profit 160.92% 176.74% 231.69%
Research & Development $1.562M $1.814M $1.994M
YoY Change 10.0% 41.72% 60.81%
% of Gross Profit 42.33% 59.59% 74.43%
Depreciation & Amortization $220.0K $180.0K $250.0K
YoY Change -24.14% -5.26% 38.89%
% of Gross Profit 5.96% 5.91% 9.33%
Operating Expenses $7.550M $7.245M $8.252M
YoY Change 2.03% 13.74% 25.98%
Operating Profit -$3.333M -$2.722M -$5.573M
YoY Change -27.07% -26.43% 56.99%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$4.353M $5.026M -$809.0K
YoY Change -780.16% -50360.0% 2596.67%
Pretax Income -$7.686M $2.304M -$6.382M
YoY Change 227.06% -163.47% 14.78%
Income Tax $49.00K $44.00K $27.00K
% Of Pretax Income 1.91%
Net Earnings -$7.735M $2.260M -$6.409M
YoY Change 215.71% -162.26% 15.27%
Net Earnings / Revenue -78.16% 29.09% -94.91%
Basic Earnings Per Share -$0.16 $0.05 -$0.13
Diluted Earnings Per Share -$0.16 $0.05 -$0.13
COMMON SHARES
Basic Shares Outstanding 47.71M
Diluted Shares Outstanding

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.80M $15.20M $17.80M
YoY Change -14.0% 15.15% 11.95%
Cash & Equivalents $25.50M
Short-Term Investments $300.0K $7.200M $7.200M
Other Short-Term Assets $605.0K $1.100M $900.0K
YoY Change -39.5% -8.33% -30.77%
Inventory $6.444M $9.600M $10.00M
Prepaid Expenses $810.0K
Receivables $6.096M $4.800M $4.400M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $39.74M $30.70M $33.00M
YoY Change -4.93% 21.34% 22.68%
LONG-TERM ASSETS
Property, Plant & Equipment $2.032M $2.000M $2.100M
YoY Change -15.33% -23.08% 23.53%
Goodwill $1.316M
YoY Change
Intangibles $1.748M
YoY Change
Long-Term Investments
YoY Change
Other Assets $229.0K $700.0K $800.0K
YoY Change -71.38% -12.5% -38.46%
Total Long-Term Assets $5.628M $5.900M $6.100M
YoY Change -12.06% -14.49% 103.33%
TOTAL ASSETS
Total Short-Term Assets $39.74M $30.70M $33.00M
Total Long-Term Assets $5.628M $5.900M $6.100M
Total Assets $45.37M $36.60M $39.10M
YoY Change -5.88% 13.66% 30.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.680M $3.800M $4.700M
YoY Change 46.25% 22.58% 34.29%
Accrued Expenses $5.825M $5.700M $5.300M
YoY Change -2.92% 11.76% 29.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.500M $0.00 $1.900M
YoY Change 38.89% -100.0% 137.5%
Total Short-Term Liabilities $21.11M $14.20M $22.10M
YoY Change 7.18% -3.4% 70.0%
LONG-TERM LIABILITIES
Long-Term Debt $4.700M $4.900M $2.200M
YoY Change 51.61% 36.11% -45.0%
Other Long-Term Liabilities $1.243M $1.300M $1.600M
YoY Change -22.31% -13.33% 128.57%
Total Long-Term Liabilities $1.243M $6.200M $3.800M
YoY Change -73.55% 21.57% -19.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.11M $14.20M $22.10M
Total Long-Term Liabilities $1.243M $6.200M $3.800M
Total Liabilities $27.05M $20.40M $25.90M
YoY Change 10.88% 2.51% 45.51%
SHAREHOLDERS EQUITY
Retained Earnings -$443.9M
YoY Change
Common Stock $51.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.31M $16.20M $13.20M
YoY Change
Total Liabilities & Shareholders Equity $45.37M $36.60M $39.10M
YoY Change -5.88% 13.66% 30.77%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income -$7.735M $2.260M -$6.409M
YoY Change 215.71% -162.26% 15.27%
Depreciation, Depletion And Amortization $220.0K $180.0K $250.0K
YoY Change -24.14% -5.26% 38.89%
Cash From Operating Activities -$1.080M -$3.510M -$5.980M
YoY Change -73.4% 80.93% 151.26%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K -$50.00K -$20.00K
YoY Change -94.38% -97.3%
Acquisitions
YoY Change
Other Investing Activities $310.0K $160.0K $40.00K
YoY Change 10.71% -60.98% -90.0%
Cash From Investing Activities $270.0K $110.0K $20.00K
YoY Change -3.57% -122.92% -106.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.55M 1.000M -480.0K
YoY Change -44.6% 525.0% -1700.0%
NET CHANGE
Cash From Operating Activities -1.080M -3.510M -5.980M
Cash From Investing Activities 270.0K 110.0K 20.00K
Cash From Financing Activities 11.55M 1.000M -480.0K
Net Change In Cash 10.74M -2.400M -6.440M
YoY Change -37.08% 6.19% 140.3%
FREE CASH FLOW
Cash From Operating Activities -$1.080M -$3.510M -$5.980M
Capital Expenditures -$40.00K -$50.00K -$20.00K
Free Cash Flow -$1.040M -$3.460M -$5.960M
YoY Change -74.38% 229.52% 263.41%

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CY2010 us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
0
CY2010 cers Purchase Commitment Payments
PurchaseCommitmentPayments
900000
CY2010 cers Income Tax Reconciliation Change In Fair Value Of Warrants
IncomeTaxReconciliationChangeInFairValueOfWarrants
-13000
CY2010 cers Payment For Royalty
PaymentForRoyalty
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CY2010 cers Payment For Manufacturing Of Entity Products
PaymentForManufacturingOfEntityProducts
8600000
CY2011 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
7178000
CY2011 us-gaap Valuation Allowances And Reserves Period Increase Decrease
ValuationAllowancesAndReservesPeriodIncreaseDecrease
2000000
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
112000 shares
CY2011 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2011 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
0
CY2010 cers Proceeds From Landlord Financing Leasehold Improvement
ProceedsFromLandlordFinancingLeaseholdImprovement
1100000
CY2010 cers Revaluation Of Warrant Liability
RevaluationOfWarrantLiability
39000
CY2010 cers Income Tax Reconciliation Nondeductible Expense Lobbying Expenses
IncomeTaxReconciliationNondeductibleExpenseLobbyingExpenses
112000
CY2010 cers Income Tax Reconciliation Change In Carrying Value Of Investment
IncomeTaxReconciliationChangeInCarryingValueOfInvestment
-107000
CY2010 cers Issuance Of Common Stock From Exercise Of Stock Options Or Warrants And Purchases From Employee Stock Purchase Plans Value
IssuanceOfCommonStockFromExerciseOfStockOptionsOrWarrantsAndPurchasesFromEmployeeStockPurchasePlansValue
369000
CY2010 cers Income Tax Reconciliation Research Grant
IncomeTaxReconciliationResearchGrant
166000
CY2010 cers Income Tax Reconciliation Expiration Of Federal Net Operating Losses
IncomeTaxReconciliationExpirationOfFederalNetOperatingLosses
596000
CY2010 cers Acquisition Related Costs Net Of Gain On Non Controlling Equity Interest
AcquisitionRelatedCostsNetOfGainOnNonControllingEquityInterest
182000
CY2011 us-gaap Costmethod Investments Realized Gain Loss Excluding Other Than Temporary Impairments
CostmethodInvestmentsRealizedGainLossExcludingOtherThanTemporaryImpairments
0
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
-15924000
CY2011 us-gaap Revenue From Grants
RevenueFromGrants
2442000
CY2011 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
30602000
CY2011 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1450000
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9273000
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y
CY2011 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
92000
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1850000
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-17090000
CY2011 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
666000
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
143000
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
11.52
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-5725000
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y5M19D
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
922000
CY2011 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2300000
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
1850000
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.36
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.35
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.45
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0
CY2011 us-gaap Payments For Proceeds From Tenant Allowance
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0
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
1237000 shares
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
622000
CY2011 us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
0
CY2011 us-gaap Other Noncash Expense
OtherNoncashExpense
5000
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2011 us-gaap Depreciation And Amortization
DepreciationAndAmortization
600000
CY2011 us-gaap Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Foreign Countries
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToForeignCountries
30602000
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15632000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
563000
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
125000
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0
CY2011 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-137000
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.81
CY2011 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9678000
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
158000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-3451000
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
13000
CY2011 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
5008000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2169000 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48050000 shares
CY2011 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0
CY2011 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-486000
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1304000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-16839000
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
83000
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-108000
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.35
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11618000
CY2011 us-gaap Dilutive Securities
DilutiveSecurities
0
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
465000 shares
CY2011 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
700000
CY2011 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2011 us-gaap Operating Expenses
OperatingExpenses
30433000
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4158000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-17461000
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48050000 shares
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
601000
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0
CY2011 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2011 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
4910000
CY2011 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
420000
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y7M28D
CY2011 us-gaap Cost Of Goods Sold
CostOfGoodsSold
18535000
CY2011 us-gaap Revenues
Revenues
33044000
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
143000
CY2011 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-55000
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1850000
CY2011 cers Income Tax Reconciliation Research Grant
IncomeTaxReconciliationResearchGrant
0
CY2011 cers Income Tax Reconciliation Expiration Of Federal Net Operating Losses
IncomeTaxReconciliationExpirationOfFederalNetOperatingLosses
-1744000
CY2011 cers Income Tax Reconciliation Nondeductible Expense Lobbying Expenses
IncomeTaxReconciliationNondeductibleExpenseLobbyingExpenses
112000
CY2011 cers Income Tax Reconciliation Change In Carrying Value Of Investment
IncomeTaxReconciliationChangeInCarryingValueOfInvestment
0
CY2011 cers Issuance Of Common Stock From Exercise Of Stock Options Or Warrants And Purchases From Employee Stock Purchase Plans Value
IssuanceOfCommonStockFromExerciseOfStockOptionsOrWarrantsAndPurchasesFromEmployeeStockPurchasePlansValue
143000
CY2011 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0
CY2011 us-gaap Gross Profit
GrossProfit
12067000
CY2011 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0
CY2011 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0
CY2011 us-gaap Interest Paid
InterestPaid
1024000
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13595000 shares
CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0
CY2011 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
143000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-16982000
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-915000
CY2011 us-gaap Availableforsale Securities Gross Realized Losses Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedLossesExcludingOtherThanTemporaryImpairments
0
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
4000
CY2011 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-529000
CY2011 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23053000
CY2011 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-68000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
143000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-108000
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
202000
CY2011 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
0
CY2011 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-336000
CY2011 us-gaap Interest Expense
InterestExpense
964000
CY2011 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-16982000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.37
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
0
CY2011 cers Purchase Commitment Payments
PurchaseCommitmentPayments
3600000
CY2011 cers Income Tax Reconciliation Change In Fair Value Of Warrants
IncomeTaxReconciliationChangeInFairValueOfWarrants
-165000
CY2011 cers Payment For Royalty
PaymentForRoyalty
2200000
CY2011 cers Payment For Manufacturing Of Entity Products
PaymentForManufacturingOfEntityProducts
9600000
CY2011 cers Revaluation Of Warrant Liability
RevaluationOfWarrantLiability
486000
CY2011 cers Acquisition Related Costs Net Of Gain On Non Controlling Equity Interest
AcquisitionRelatedCostsNetOfGainOnNonControllingEquityInterest
0
CY2012 dei Trading Symbol
TradingSymbol
CERS
CY2012 dei Entity Registrant Name
EntityRegistrantName
CERUS CORP
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
0001020214
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Reclassifications</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Certain reclassifications have been made to prior period reported amounts to conform to the current period presentations. Previously the Company had presented its provision for income taxes as a component of other income (expense) , net on the Consolidated Statements of Operations. The Company has reclassified the provision for income taxes to a separate line item in the Consolidated Statements of Operations, and as presented in Note&#xA0;17 and 19 to the Consolidated Financial Statements. This reclassification had no impact on net loss, total assets or total stockholders&#x2019; equity.</font></p> </div>
CY2012 us-gaap Costmethod Investments Realized Gain Loss Excluding Other Than Temporary Impairments
CostmethodInvestmentsRealizedGainLossExcludingOtherThanTemporaryImpairments
0
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
300000
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
-17300000
CY2012 us-gaap Revenue From Grants
RevenueFromGrants
91000
CY2012 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
36695000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.00 pure
CY2012 us-gaap Goodwill Other Changes
GoodwillOtherChanges
0
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-34000
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2506000
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
14226000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y5M5D
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
31000
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2541000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-15917000
CY2012 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
287000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
180000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
30.44
CY2012 us-gaap Revenue Recognition Multiple Element Arrangements
RevenueRecognitionMultipleElementArrangements
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Revenue</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company recognizes revenue in accordance with ASC Topic 605-25, <i>&#x201C;Revenue Recognition&#x2014;Arrangements with Multiple Deliverables,&#x201D;</i> as applicable. Revenue is recognized when (i)&#xA0;persuasive evidence of an agreement exists; (ii)&#xA0;services have been rendered or product has been delivered; (iii)&#xA0;pricing is fixed or determinable; and (iv)&#xA0;collection is reasonably assured. The Company&#x2019;s main sources of revenues for the years ended December&#xA0;31, 2012, 2011 and 2010 were product revenue from sales of the INTERCEPT Blood System for platelets and plasma (&#x201C;platelet and plasma systems&#x201D;) and United States government grants and awards.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Revenue related to product sales is generally recognized when the Company fulfills its obligations for each element of an agreement. For all sales of the Company&#x2019;s INTERCEPT Blood System products, the Company uses a binding purchase order and signed sales contract as evidence of a written agreement. The Company sells its platelet and plasma systems directly to blood banks, hospitals, universities, government agencies, as well as to distributors in certain regions. Generally, the Company&#x2019;s contracts with its customers do not provide for open return rights, except within a reasonable time after receipt of goods in the case of defective or non-conforming product. Deliverables and the units of accounting vary according to the provisions of each purchase order or sales contract. For revenue arrangements with multiple elements, the Company determines whether the delivered elements meet the criteria as separate units of accounting. Such criteria require that the deliverable have stand-alone value to the customer and that if a general right of return exists relative to the delivered item, delivery or performance of the undelivered item(s) is considered probable and substantially in the control of the Company. Once the Company determines if the deliverable meets the criteria for a separate unit of accounting, the Company must determine how the consideration should be allocated between the deliverables and how the separate units of accounting should be recognized as revenue. Consideration received is allocated to elements that are identified as discrete units of accounting based on the best estimated selling price. The Company has determined that vendor specific objective evidence is not discernible due to the Company&#x2019;s limited history of selling its products and variability in its pricing across the regions into which it sells its products. Since the Company&#x2019;s products are novel and unique and are not sold by others, third-party evidence of selling price is unavailable.</font></p> </div>
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-5329000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y5M27D
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
744000
CY2012 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1810000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
2541000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.68
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.33
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
2.78
CY2012 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
98000 shares
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
48000
CY2012 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
7603000
CY2012 us-gaap Valuation Allowances And Reserves Period Increase Decrease
ValuationAllowancesAndReservesPeriodIncreaseDecrease
-800000
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
156000 shares
CY2012 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2012 us-gaap Defined Contribution Plan Maximum Annual Contribution Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionPerEmployeePercent
0.60 pure
CY2012 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
0
CY2012 us-gaap Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
0
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
386000 shares
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
685000
CY2012 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Concentration of Credit Risk</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash, cash equivalents and accounts receivable.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Pursuant to the Company&#x2019;s investment policy, substantially all of the Company&#x2019;s cash and cash equivalents are maintained at a major financial institution in the United States of high credit standing, which at times, may exceed federally insured limits. The Company has not experienced any losses in its cash accounts and believes it not exposed to any significant risk.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Concentrations of credit risk with respect to trade receivables exist. However, in connection with the Company&#x2019;s revolving line of credit, as discussed in Note 11 in the Notes to Consolidated Financial Statements, the Company purchased a credit insurance policy that mitigates some of its credit risk, as the policy will pay either the Company or its lender on eligible claims filed on its outstanding receivables. On a regular basis, including at the time of sale, the Company performs credit evaluations of its customers. Generally, the Company does not require collateral from its customers to secure accounts receivable. To the extent that the Company determines specific invoices or customer accounts may be uncollectible, the Company reserves against the accounts receivable on its consolidated balance sheets and records a charge on its consolidated statements of operations.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company had three customers and two customers that accounted for more than 10% of the Company&#x2019;s outstanding trade receivables at December&#xA0;31, 2012 and 2011, respectively. These customers cumulatively represented approximately 59% and 58% of the Company&#x2019;s outstanding trade receivables at December&#xA0;31, 2012 and 2011, respectively. To date, the Company has not experienced collection difficulties from these customers.</font></p> </div>
CY2012 us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
0
CY2012 us-gaap Other Noncash Expense
OtherNoncashExpense
20000
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
400000
CY2012 us-gaap Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Foreign Countries
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToForeignCountries
36695000
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13917000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
205000
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
162000
CY2012 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
600000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
14000
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2012 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
900000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14911000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.30
CY2012 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
920000
CY2012 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Guarantee and Indemnification Arrangements</b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company recognizes the fair value for guarantee and indemnification arrangements issued or modified by the Company after December&#xA0;31, 2002. In addition, the Company monitors the conditions that are subject to the guarantees and indemnifications in order to identify if a loss has occurred. If the Company determines it is probable that a loss has occurred, then any such estimable loss would be recognized under those guarantees and indemnifications. Some of the agreements that the Company is a party to contain provisions that indemnify the counter party from damages and costs resulting from claims that the Company&#x2019;s technology infringes the intellectual property rights of a third party or claims that the sale or use of the Company&#x2019;s products have caused personal injury or other damage or loss. The Company has not received any such requests for indemnification under these provisions and has not been required to make material payments pursuant to these provisions.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company generally provides for a one-year warranty on certain of its INTERCEPT blood-safety products covering defects in materials and workmanship. The Company accrues costs associated with warranty obligations when claims become known and are estimable. During the year ended December&#xA0;31, 2012, the Company provided for and settled the claims for warranty obligations of $0.9 million related to replacement costs for certain of its products that the Company identified were defective or had the potential of being defective. Prior to this incident, there have been very few warranty costs incurred. As a result, the Company had not accrued for any potential future warranty costs at December&#xA0;31, 2011. In addition, the Company believes that the defective products and those that had the potential of being defective identified during the year ended December&#xA0;31, 2012 are isolated. Accordingly, the Company has not accrued for any other incremental potential future warranty costs for its products at December&#xA0;31, 2012.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">In connection with the warranty obligations provided for in relation to certain of its products during the year ended December&#xA0;31, 2012, the Company filed a warranty claim against Fresenius, which Fresenius accepted. As a result, the Company recorded a current asset of $1.8 million on its consolidated balance sheets as of December&#xA0;31, 2012 representing the full amount of the warranty claim against Fresenius as Fresenius will supply the Company with replacement products or credit notes for those defective or potentially defective products. The Company also wrote-down the value of certain unsalable inventory of $1.7 million related to these products as an offsetting warranty claim against Fresenius.</font></p> </div>
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
13821000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
81000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1199000
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1663000
CY2012 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0
CY2012 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
537000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1782000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55061000 shares
CY2012 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-2059000
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1652000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-15675000
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
99000
CY2012 us-gaap Dilutive Securities
DilutiveSecurities
-2059000
CY2012 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2012 us-gaap Operating Expenses
OperatingExpenses
33470000
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1761000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-16360000
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54515000 shares
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3740000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0
CY2012 cers Income Tax Reconciliation Expiration Of Federal Net Operating Losses
IncomeTaxReconciliationExpirationOfFederalNetOperatingLosses
-4352000
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
546000 shares
CY2012 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
CY2012 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
550000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
7840000
CY2012 us-gaap Interest Paid
InterestPaid
460000
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2011Q1 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
1808000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y7M2D
CY2012 us-gaap Cost Of Goods Sold
CostOfGoodsSold
20616000
CY2012 us-gaap Revenues
Revenues
36786000
CY2012 cers Acquisition Related Costs Net Of Gain On Non Controlling Equity Interest
AcquisitionRelatedCostsNetOfGainOnNonControllingEquityInterest
0
CY2012 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
9496000
CY2012Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
5514000
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
180000
CY2012 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2541000
CY2012 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0
CY2012 us-gaap Gross Profit
GrossProfit
16079000
CY2012 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
62000
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8716000 shares
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0
CY2012 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
332000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
-15917000
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1625000
CY2012 us-gaap Availableforsale Securities Gross Realized Losses Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedLossesExcludingOtherThanTemporaryImpairments
0
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
19000
CY2012 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
86000
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
25665000
CY2012 cers Eligible To Receive Royalty Fee
EligibleToReceiveRoyaltyFee
0.01 pure
CY2012 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
17000
CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-53000
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Amortization
IncomeTaxReconciliationNondeductibleExpenseAmortization
48000
CY2012 cers Purchase Commitment Payments
PurchaseCommitmentPayments
7200000
CY2012 cers Income Tax Reconciliation Change In Fair Value Of Warrants
IncomeTaxReconciliationChangeInFairValueOfWarrants
-706000
CY2011Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-4296000
CY2011Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-5075000
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2011Q1 us-gaap Operating Expenses
OperatingExpenses
7386000
CY2011Q1 us-gaap Revenue From Grants
RevenueFromGrants
436000
CY2011Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
6183000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
242000
CY2012 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Use of Estimates</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 financial statements requires management to make estimates, assumptions and judgments that affect the reported amounts of assets, liabilities, revenue and expenses, and related disclosures of contingent assets and liabilities. On an ongoing basis, the Company evaluates its estimates, including those related to revenue recognition, inventory valuation, certain accrued liabilities, valuation and impairment of purchased intangibles and goodwill, valuation of warrants, valuation of stock options under share-based payments, valuation allowance of its deferred tax assets and uncertain income tax positions. The Company basis its estimates on historical experience and on various other assumptions that the Company believes to be reasonable under the circumstances, the results of which form its basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from those estimates under different assumptions or conditions.</font></p> </div>
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
202000
CY2012 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
0
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1971000
CY2012 us-gaap Interest Expense
InterestExpense
551000
CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-17976000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.13
CY2012 cers Expiration Of Non Cancelable Operating Leases Maximum Year
ExpirationOfNonCancelableOperatingLeasesMaximumYear
2019
CY2012 cers Inventory Life Finished Goods Period
InventoryLifeFinishedGoodsPeriod
P2Y
CY2012 cers Payment For Royalty
PaymentForRoyalty
2700000
CY2012 cers Inventory Life Work In Process Period
InventoryLifeWorkInProcessPeriod
P1Y
CY2012 cers Payment For Manufacturing Of Entity Products
PaymentForManufacturingOfEntityProducts
12200000
CY2012 cers Minimum Term Of Non Cancelable Operating Leases
MinimumTermOfNonCancelableOperatingLeases
P1Y
CY2012 cers Revaluation Of Warrant Liability
RevaluationOfWarrantLiability
2059000
CY2012 cers Safety Product Warranty Period
SafetyProductWarrantyPeriod
P1Y
CY2012 cers Income Tax Reconciliation Nondeductible Expense Lobbying Expenses
IncomeTaxReconciliationNondeductibleExpenseLobbyingExpenses
51000
CY2012 cers Income Tax Reconciliation Change In Carrying Value Of Investment
IncomeTaxReconciliationChangeInCarryingValueOfInvestment
0
CY2012 cers Issuance Of Common Stock From Exercise Of Stock Options Or Warrants And Purchases From Employee Stock Purchase Plans Value
IssuanceOfCommonStockFromExerciseOfStockOptionsOrWarrantsAndPurchasesFromEmployeeStockPurchasePlansValue
349000
CY2012 cers Income Tax Reconciliation Research Grant
IncomeTaxReconciliationResearchGrant
0
CY2011Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27000
CY2011Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
51000
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-4572000
CY2012Q1 us-gaap Revenue From Grants
RevenueFromGrants
91000
CY2012Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
8691000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.17
CY2012Q1 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
1824000
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-8799000
CY2012Q1 us-gaap Gross Profit
GrossProfit
3177000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
-8834000
CY2012Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4227000
CY2012Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5966000
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35000
CY2012Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
50000
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4799000
CY2012Q2 us-gaap Revenue From Grants
RevenueFromGrants
0
CY2012Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
9224000
CY2011Q4 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
1562000
CY2011Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-7686000
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2011Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
3529000
CY2011Q1 us-gaap Gross Profit
GrossProfit
2654000
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2011Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-779000
CY2011Q1 us-gaap Selling General And Administrative Expense
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5528000
CY2011Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23000
CY2011Q1 us-gaap Amortization Of Intangible Assets
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50000
CY2011Q2 us-gaap Operating Income Loss
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-5573000
CY2011Q2 us-gaap Revenue From Grants
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0
CY2011Q2 us-gaap Sales Revenue Goods Net
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6753000
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2011Q2 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
1994000
CY2011Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-6382000
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2011Q2 us-gaap Operating Expenses
OperatingExpenses
8252000
CY2011Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
4074000
CY2011Q2 us-gaap Gross Profit
GrossProfit
2679000
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
-6409000
CY2011Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-809000
CY2011Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6207000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2012Q2 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
1712000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1866000
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2012Q2 us-gaap Operating Expenses
OperatingExpenses
8449000
CY2012Q2 us-gaap Cost Of Goods Sold
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5574000
CY2012Q2 us-gaap Gross Profit
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3650000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2012Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2933000
CY2012Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6686000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41000
CY2012Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
51000
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2722000
CY2011Q3 us-gaap Revenue From Grants
RevenueFromGrants
1479000
CY2011Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
7770000
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2011Q3 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
1814000
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2304000
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2011Q3 us-gaap Operating Expenses
OperatingExpenses
7245000
CY2011Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
4726000
CY2011Q3 us-gaap Gross Profit
GrossProfit
3044000
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
2260000
CY2011Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5026000
CY2011Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5380000
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
44000
CY2011Q3 us-gaap Amortization Of Intangible Assets
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51000
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-4331000
CY2012Q3 us-gaap Revenue From Grants
RevenueFromGrants
0
CY2012Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
8252000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2012Q3 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
1903000
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-3405000
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2012Q3 us-gaap Operating Expenses
OperatingExpenses
8172000
CY2012Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
4411000
CY2012Q3 us-gaap Gross Profit
GrossProfit
3841000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-3460000
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
926000
CY2012Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6219000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
55000
CY2012Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
50000
CY2011Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-3333000
CY2011Q4 us-gaap Revenue From Grants
RevenueFromGrants
527000
CY2011Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
9896000
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2011Q4 us-gaap Operating Expenses
OperatingExpenses
7550000
CY2011Q4 us-gaap Cost Of Goods Sold
CostOfGoodsSold
6206000
CY2011Q4 us-gaap Gross Profit
GrossProfit
3690000
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
-7735000
CY2011Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4353000
CY2011Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5938000
CY2011Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
49000
CY2011Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
50000
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-3598000
CY2012Q4 us-gaap Revenue From Grants
RevenueFromGrants
0
CY2012Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
10528000
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2012Q4 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
2164000
CY2012Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1605000
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2012Q4 us-gaap Operating Expenses
OperatingExpenses
9009000
CY2012Q4 us-gaap Cost Of Goods Sold
CostOfGoodsSold
5117000
CY2012Q4 us-gaap Gross Profit
GrossProfit
5411000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-1716000
CY2012Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1993000
CY2012Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6794000
CY2012Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
111000
CY2012Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
51000

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