2013 Q4 Form 10-Q Financial Statement

#000119312513423215 Filed on November 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $9.232M $10.54M $8.252M
YoY Change -12.31% 27.75% 6.2%
Cost Of Revenue $4.939M $6.826M $4.411M
YoY Change -3.48% 54.75% -6.67%
Gross Profit $4.293M $3.716M $3.841M
YoY Change -20.66% -3.25% 26.18%
Gross Profit Margin 46.5% 35.25% 46.55%
Selling, General & Admin $7.430M $7.728M $6.219M
YoY Change 9.36% 24.26% 15.59%
% of Gross Profit 173.07% 207.97% 161.91%
Research & Development $4.618M $4.363M $1.903M
YoY Change 113.4% 129.27% 4.91%
% of Gross Profit 107.57% 117.41% 49.54%
Depreciation & Amortization $340.0K $130.0K $180.0K
YoY Change 112.5% -27.78% 0.0%
% of Gross Profit 7.92% 3.5% 4.69%
Operating Expenses $12.10M $12.14M $8.172M
YoY Change 34.3% 48.57% 12.8%
Operating Profit -$7.806M -$8.425M -$4.331M
YoY Change 116.95% 94.53% 59.11%
Interest Expense $1.800M $41.00K $136.0K
YoY Change -15.49% -69.85%
% of Operating Profit
Other Income/Expense, Net $1.999M -$12.02M $926.0K
YoY Change 0.3% -1397.62% -81.58%
Pretax Income -$5.807M -$20.44M -$3.405M
YoY Change 261.81% 500.32% -247.79%
Income Tax $53.00K $60.00K $55.00K
% Of Pretax Income
Net Earnings -$5.860M -$20.50M -$3.460M
YoY Change 241.49% 492.51% -253.1%
Net Earnings / Revenue -63.47% -194.47% -41.93%
Basic Earnings Per Share -$0.08 -$0.29 -$0.06
Diluted Earnings Per Share -$0.10 -$0.29 -$0.08
COMMON SHARES
Basic Shares Outstanding 70.46M shares 69.79M shares 54.88M shares
Diluted Shares Outstanding 69.79M shares 55.38M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $57.70M $53.30M $26.70M
YoY Change 116.1% 99.63% 75.66%
Cash & Equivalents $29.49M $24.36M $26.66M
Short-Term Investments $28.20M $29.00M $0.00
Other Short-Term Assets $442.0K $394.0K $3.200M
YoY Change -78.31% -87.69% 190.91%
Inventory $13.06M $12.69M $9.700M
Prepaid Expenses $848.0K $1.071M
Receivables $6.125M $7.025M $4.000M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $78.15M $74.50M $43.50M
YoY Change 77.64% 71.27% 41.69%
LONG-TERM ASSETS
Property, Plant & Equipment $2.189M $1.848M $1.800M
YoY Change 28.92% 2.67% -10.0%
Goodwill $1.316M $1.316M
YoY Change 0.0%
Intangibles $1.344M $1.395M
YoY Change -13.07%
Long-Term Investments
YoY Change
Other Assets $70.00K $72.00K $400.0K
YoY Change 18.64% -82.0% -42.86%
Total Long-Term Assets $5.227M $4.937M $5.200M
YoY Change 6.18% -5.06% -11.86%
TOTAL ASSETS
Total Short-Term Assets $78.15M $74.50M $43.50M
Total Long-Term Assets $5.227M $4.937M $5.200M
Total Assets $83.38M $79.44M $48.70M
YoY Change 70.45% 63.12% 33.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.674M $4.076M $5.700M
YoY Change -21.04% -28.49% 50.0%
Accrued Expenses $9.813M $12.06M $8.100M
YoY Change 28.8% 48.89% 42.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.400M $3.600M $4.900M
YoY Change -29.17% -26.53%
Total Short-Term Liabilities $39.42M $42.59M $27.30M
YoY Change 53.92% 56.01% 92.25%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $3.300M
YoY Change -100.0% -100.0% -32.65%
Other Long-Term Liabilities $1.073M $1.120M $1.100M
YoY Change -13.54% 1.82% -15.38%
Total Long-Term Liabilities $1.073M $1.120M $4.400M
YoY Change -13.54% -74.55% -29.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.42M $42.59M $27.30M
Total Long-Term Liabilities $1.073M $1.120M $4.400M
Total Liabilities $40.59M $43.79M $31.70M
YoY Change 36.14% 38.15% 55.39%
SHAREHOLDERS EQUITY
Retained Earnings -$503.2M -$497.3M
YoY Change 9.42%
Common Stock $546.0M $70.00K
YoY Change 974858.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $42.80M $35.65M $16.90M
YoY Change
Total Liabilities & Shareholders Equity $83.38M $79.44M $48.70M
YoY Change 70.45% 63.12% 33.06%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income -$5.860M -$20.50M -$3.460M
YoY Change 241.49% 492.51% -253.1%
Depreciation, Depletion And Amortization $340.0K $130.0K $180.0K
YoY Change 112.5% -27.78% 0.0%
Cash From Operating Activities -$6.530M -$6.090M -$1.750M
YoY Change 126.74% 248.0% -50.14%
INVESTING ACTIVITIES
Capital Expenditures -$220.0K -$260.0K -$40.00K
YoY Change -1200.0% 550.0% -20.0%
Acquisitions
YoY Change
Other Investing Activities $650.0K -$29.17M $0.00
YoY Change -100.0%
Cash From Investing Activities $430.0K -$29.43M -$40.00K
YoY Change 2050.0% 73475.0% -136.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.23M 1.670M 1.790M
YoY Change 288.58% -6.7% 79.0%
NET CHANGE
Cash From Operating Activities -6.530M -6.090M -1.750M
Cash From Investing Activities 430.0K -29.43M -40.00K
Cash From Financing Activities 11.23M 1.670M 1.790M
Net Change In Cash 5.130M -33.85M -0.0000000009386
YoY Change 17000.0% 3606440755835040000.0% -100.0%
FREE CASH FLOW
Cash From Operating Activities -$6.530M -$6.090M -$1.750M
Capital Expenditures -$220.0K -$260.0K -$40.00K
Free Cash Flow -$6.310M -$5.830M -$1.710M
YoY Change 117.59% 240.94% -50.58%

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<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> <b>Concentration of Credit Risk</b></p> <p style="MARGIN-TOP: 6pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents, short-term investments and accounts receivable.</p> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> Pursuant to the Company&#x2019;s investment policy, substantially all of the Company&#x2019;s cash, cash equivalents and short-term investments are maintained at two major financial institutions of high credit standing. The Company monitors the financial credit worthiness of the issuers of its investments and limits the concentration in individual securities and types of investments that exist within its investment portfolio. Generally, all of the Company&#x2019;s investments carry high credit quality ratings, which is in accordance with its investment policy. At September&#xA0;30, 2013, the Company does not believe there is significant financial risk from non-performance by the issuers of the Company&#x2019;s cash equivalents.</p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px"> &#xA0;</p> <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> 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 8 in the Notes to Condensed 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 condensed consolidated balance sheets and records a charge on its condensed consolidated statements of operations. The Company has not historically experienced significant bad debt and accordingly has not maintained an allowance for doubtful accounts.</p> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> The Company had three customers that accounted for more than 10% of the Company&#x2019;s outstanding trade receivables at both September&#xA0;30, 2013, and December&#xA0;31, 2012. These customers cumulatively represented approximately 55% and 59% of the Company&#x2019;s outstanding trade receivables, at September&#xA0;30, 2013 and December&#xA0;31, 2012, respectively. To date, the Company has not experienced collection difficulties from these customers.</p> </div>
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.55 pure
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
111000 shares
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-16819000
us-gaap Net Income Loss
NetIncomeLoss
-37477000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1345000
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> <b>Use of Estimates</b></p> <p style="MARGIN-TOP: 6pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> 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, management evaluates its estimates, which are based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Actual results may differ from those estimates under different assumptions or conditions.</p> </div>
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.50
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2503000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66464000 shares
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> <b>Guarantee and Indemnification Arrangements</b></p> <p style="MARGIN-TOP: 6pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> 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.</p> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> 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 warranty obligations related to replacement costs for certain of its products that the Company identified were defective or had the potential of being defective. 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 sheet as of December&#xA0;31, 2012 representing the full amount of the warranty claim against Fresenius as Fresenius was obliged to 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 as of December&#xA0;31, 2012. As of September&#xA0;30, 2013, the Company no longer has a warranty claim against Fresenius and all unsalable inventory related to this incident has been returned to Fresenius. During the three months ended March&#xA0;31, 2013, the Company identified a separate production defect related to unsold inventory. The Company&#x2019;s third party manufacturer has taken responsibility for the cost of replacing such damaged goods, therefore, the Company has borne no costs associated with these defects. Prior to these incidents, there have been very few warranty costs incurred. As a result, the Company did not accrue for any potential future warranty costs at September&#xA0;30, 2013. In addition, the Company believes that the defective products and those that had the potential of being defective identified during the three months ended March&#xA0;31, 2013 and during the year ended December&#xA0;31, 2012 are isolated.</p> </div>
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
16803000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-33000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-154000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
14000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
30425000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
65000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-37477000
us-gaap Interest Paid
InterestPaid
242000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-37312000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2581000
us-gaap Goodwill Other Changes
GoodwillOtherChanges
0
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
198000
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
6176000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-37510000
us-gaap Gross Profit
GrossProfit
12762000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2341000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
-29162000
us-gaap Operating Expenses
OperatingExpenses
33255000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
22535000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
165000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
34000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
4448000
us-gaap Interest Expense
InterestExpense
279000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3110000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
50981000
us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
10569000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2008000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
410000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
151000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2415000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-29616000
us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
595000
cers Settlements Of Warranty Claims
SettlementsOfWarrantyClaims
1272000
cers Safety Product Warranty Period
SafetyProductWarrantyPeriod
P1Y
cers Warrant Liability Revaluation Gain Loss
WarrantLiabilityRevaluationGainLoss
-16803000
cers Minimum Term Of Non Cancelable Operating Leases
MinimumTermOfNonCancelableOperatingLeases
P1Y
cers Payment For Royalty
PaymentForRoyalty
2300000
cers Expiration Of Non Cancelable Operating Leases Maximum Year
ExpirationOfNonCancelableOperatingLeasesMaximumYear
2019
cers Inventory Life Finished Goods Period
InventoryLifeFinishedGoodsPeriod
P2Y
cers Payment For Manufacturing Of Entity Products
PaymentForManufacturingOfEntityProducts
11800000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3238000
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
us-gaap Cost Of Goods Sold
CostOfGoodsSold
15499000
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
9496000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12015000
us-gaap Share Based Compensation
ShareBasedCompensation
1911000
cers Work In Process Inventory Life Period
WorkInProcessInventoryLifePeriod
P1Y
cers Eligible To Receive Royalty Fee
EligibleToReceiveRoyaltyFee
0.01 pure
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54130000 shares
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11042000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
14813000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54130000 shares
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2006000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
26167000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-14201000
us-gaap Interest Paid
InterestPaid
330000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-14070000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2146000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-53000
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
325000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-14201000
us-gaap Gross Profit
GrossProfit
10668000
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0
us-gaap Revenue From Grants
RevenueFromGrants
91000
us-gaap Operating Income Loss
OperatingIncomeLoss
-13702000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
97000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
9000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-368000
us-gaap Net Income Loss
NetIncomeLoss
-14201000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1164000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
287000
us-gaap Other Noncash Expense
OtherNoncashExpense
15000
us-gaap Operating Expenses
OperatingExpenses
24461000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18871000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
131000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
605000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
17000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2219000
us-gaap Interest Expense
InterestExpense
410000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1020000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10823000
us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
5439000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1219000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
582000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
151000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1911000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
191000
us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
281000
cers Performance Based Stock Options Awards
PerformanceBasedStockOptionsAwards
0
cers Warrant Liability Revaluation Gain Loss
WarrantLiabilityRevaluationGainLoss
86000
cers Payment For Royalty
PaymentForRoyalty
2100000
cers Payment For Manufacturing Of Entity Products
PaymentForManufacturingOfEntityProducts
8900000
CY2010 cers Proceeds From Landlord Financing Leasehold Improvement
ProceedsFromLandlordFinancingLeaseholdImprovement
1100000
CY2012 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.59 pure
CY2012 us-gaap Inventory Write Down
InventoryWriteDown
1700000
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55377000 shares
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
502000 shares
CY2012Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8704000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54875000 shares
CY2012Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
8252000
CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4333000
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 Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
187000
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3460000
CY2012Q3 us-gaap Gross Profit
GrossProfit
3841000
CY2012Q3 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-4331000
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
926000
CY2012Q3 us-gaap Dilutive Securities
DilutiveSecurities
-873000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
-3460000
CY2012Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2012Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
4411000
CY2012Q3 us-gaap Operating Expenses
OperatingExpenses
8172000
CY2012Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6219000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
55000
CY2012Q3 us-gaap Interest Expense
InterestExpense
136000
CY2012Q3 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
1903000
CY2012Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
50000
CY2012Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
695000
CY2012Q3 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0
CY2012Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2012Q3 cers Warrant Liability Revaluation Gain Loss
WarrantLiabilityRevaluationGainLoss
873000
CY2012Q3 cers Payment For Royalty
PaymentForRoyalty
700000
CY2012Q3 cers Payment For Manufacturing Of Entity Products
PaymentForManufacturingOfEntityProducts
1400000
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69791000 shares
CY2013Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
16651000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69791000 shares
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-33000
CY2013Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
10542000
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
32000
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-20501000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-20441000
CY2013Q3 us-gaap Goodwill Other Changes
GoodwillOtherChanges
0
CY2013Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
409000
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-20534000
CY2013Q3 us-gaap Gross Profit
GrossProfit
3716000
CY2013Q3 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-8425000
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-12016000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-20501000
CY2013Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2013Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
6826000
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
12141000
CY2013Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7728000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60000
CY2013Q3 us-gaap Interest Expense
InterestExpense
41000
CY2013Q3 us-gaap Research And Development Expense Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
4363000
CY2013Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2013Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
50000
CY2013Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
861000
CY2013Q3 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0
CY2013Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2013Q3 cers Performance Based Stock Options Awards
PerformanceBasedStockOptionsAwards
0
CY2013Q3 cers Warrant Liability Revaluation Gain Loss
WarrantLiabilityRevaluationGainLoss
-12416000
CY2013Q3 cers Payment For Royalty
PaymentForRoyalty
800000
CY2013Q3 cers Payment For Manufacturing Of Entity Products
PaymentForManufacturingOfEntityProducts
4200000

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