2015 Q2 Form 10-K Financial Statement

#000114420415032332 Filed on May 19, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1 2015
Revenue $1.431M $1.198M $3.935M
YoY Change 52.73% 43.47% 47.95%
Cost Of Revenue $943.2K $830.0K $2.766M
YoY Change 57.92% 20.29% 24.44%
Gross Profit $487.9K $370.0K $1.169M
YoY Change 43.93% 158.74% 167.52%
Gross Profit Margin 34.09% 30.88% 29.7%
Selling, General & Admin $2.026M $1.980M $6.409M
YoY Change 41.92% 47.76% 25.52%
% of Gross Profit 415.31% 535.14% 548.31%
Research & Development $77.72K $90.00K $352.6K
YoY Change -1.92% 12.5% -13.82%
% of Gross Profit 15.93% 24.32% 30.16%
Depreciation & Amortization $45.67K $40.00K $197.9K
YoY Change -17.17% -20.0% -36.47%
% of Gross Profit 9.36% 10.81% 16.93%
Operating Expenses $2.104M $2.060M $6.762M
YoY Change 39.61% 45.07% 22.6%
Operating Profit -$1.616M -$1.693M -$5.593M
YoY Change 38.37% 32.89% 10.13%
Interest Expense $303.8K -$240.0K $1.428M
YoY Change -73.09% 50.0% 82.04%
% of Operating Profit
Other Income/Expense, Net -$975.00 $0.00 -$4.266K
YoY Change -202.31% -100.0% -47.19%
Pretax Income -$1.921M -$1.940M -$7.025M
YoY Change -16.32% 34.72% -64.09%
Income Tax $3.320K $1.600K $1.600K
% Of Pretax Income
Net Earnings -$1.924M -$1.937M -$7.027M
YoY Change -16.23% 34.42% -64.09%
Net Earnings / Revenue -134.46% -161.69% -178.56%
Basic Earnings Per Share
Diluted Earnings Per Share -$379.4K -$386.5K -$1.338M
COMMON SHARES
Basic Shares Outstanding 5.026M shares 60.06M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2015 Q1 2015
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.400M $1.400M $2.800M
YoY Change 1100.0% 250.0% 100.0%
Cash & Equivalents $2.386M $1.405M $2.800M
Short-Term Investments
Other Short-Term Assets $263.2K $97.34K $200.0K
YoY Change 223.29% -50.47% 100.0%
Inventory $104.8K $69.68K $100.0K
Prepaid Expenses
Receivables $757.4K $589.7K $1.000M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.511M $2.162M $4.100M
YoY Change 348.23% 94.48% 86.36%
LONG-TERM ASSETS
Property, Plant & Equipment $381.4K $307.9K $1.300M
YoY Change 4.56% -24.69% 333.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $400.0K
YoY Change
Total Long-Term Assets $508.7K $444.7K $1.700M
YoY Change -6.06% -25.67% 325.0%
TOTAL ASSETS
Total Short-Term Assets $3.511M $2.162M $4.100M
Total Long-Term Assets $508.7K $444.7K $1.700M
Total Assets $4.020M $2.607M $5.800M
YoY Change 203.42% 52.44% 123.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $600.0K $800.0K $1.300M
YoY Change 20.0% 33.33% 62.5%
Accrued Expenses $400.0K $700.0K $500.0K
YoY Change -20.0% 40.0% -28.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.500M $0.00
YoY Change -100.0%
Long-Term Debt Due $1.000M $0.00 $400.0K
YoY Change -23.08% -100.0%
Total Short-Term Liabilities $1.973M $2.996M $2.200M
YoY Change -17.8% -25.36% -26.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $600.0K
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $600.0K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.973M $2.996M $2.200M
Total Long-Term Liabilities $0.00 $0.00 $600.0K
Total Liabilities $1.973M $3.023M $2.700M
YoY Change -17.8% -24.7% -10.0%
SHAREHOLDERS EQUITY
Retained Earnings -$104.2M -$97.77M
YoY Change 17.15% 13.85%
Common Stock $106.2M $97.35M
YoY Change 20.89% 16.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.047M -$416.3K $3.100M
YoY Change
Total Liabilities & Shareholders Equity $4.020M $2.607M $5.800M
YoY Change 203.42% 52.44% 123.08%

Cashflow Statement

Concept 2015 Q2 2015 Q1 2015
OPERATING ACTIVITIES
Net Income -$1.924M -$1.937M -$7.027M
YoY Change -16.23% 34.42% -64.09%
Depreciation, Depletion And Amortization $45.67K $40.00K $197.9K
YoY Change -17.17% -20.0% -36.47%
Cash From Operating Activities -$1.870M -$1.290M -$6.310M
YoY Change -303.93% 5.74% 52.78%
INVESTING ACTIVITIES
Capital Expenditures $109.6K $0.00 $70.13K
YoY Change -49.51%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$110.0K $0.00 -$1.120M
YoY Change 1500.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.897M $5.000M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.960M 1.920M 8.810M
YoY Change 311.11% 40.15% 68.45%
NET CHANGE
Cash From Operating Activities -1.870M -1.290M -6.310M
Cash From Investing Activities -110.0K 0.000 -1.120M
Cash From Financing Activities 2.960M 1.920M 8.810M
Net Change In Cash 980.0K 630.0K 1.380M
YoY Change 6.87% 320.0% 33.98%
FREE CASH FLOW
Cash From Operating Activities -$1.870M -$1.290M -$6.310M
Capital Expenditures $109.6K $0.00 $70.13K
Free Cash Flow -$1.980M -$1.290M -$6.380M
YoY Change -315.88% 5.74% 49.46%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015 us-gaap Use Of Estimates
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <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>Note 1.&#160;Nature of the Business</b></div> <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"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Cryoport Inc. (the &#8220;Company&#8221;, &#8220;Cryoport&#8221;, &#8220;we&#8221; or &#8220;our&#8221;) is a Nevada corporation originally incorporated under the name G.T.5-Limited (&#8220;GT5&#8221;) on May 25, 1990. In connection with a Share Exchange Agreement, on March 15, 2005 we changed our name to Cryoport, Inc. and acquired all of the issued and outstanding shares of common stock of Cryoport Systems, Inc., a California corporation, in exchange for <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 200,901</font> shares of our common stock (which represented approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 81</font>% of the total issued and outstanding shares of common stock following the close of the transaction). Cryoport Systems, Inc., which was originally formed in 1999 as a California limited liability company, and subsequently reorganized into a California corporation on December 11, 2000, remains an operating company under Cryoport, Inc. We became &#8220;publicly held&#8221; by the reverse merger with GT5 described above. Over time the Company transitioned from being a development company to a fully operational public company in early 2011, providing global cryogenic logistics solutions to the biotechnology and life sciences industries.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company became public by a reverse merger with a shell company in May 2005. Over time the Company has transitioned from being a development company to a fully operational public company, providing cold chain logistics solutions to the biotechnology and life sciences industries globally.</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">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Since fiscal year 2011, the Company has taken significant steps towards commercialization of the Cryoport Express<sup style="font-style:normal">&#174;</sup> logistics solutions in validating, perfecting and expanding its features. The Company has now managed shipments of its Cryoport Express<sup style="font-style:normal">&#174;</sup> Shippers through its Cryoportal<sup style="font-style:normal">TM</sup> into and out of more than 80 countries, handling a vast array of different biological products and specimens.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">We provide cryogenic logistics solutions to the life sciences industry through a combination of purpose-built proprietary packaging, information technology and specialized cold chain logistics knowhow. We view our solutions as disruptive to the &#8220;older technologies&#8221; of dry ice and liquid nitrogen, in that our solutions are comprehensive and combine our competencies in configurations that are customized to our client&#8217;s requirements. We provide comprehensive, reliable, economic alternatives to all existing logistics solutions and services utilized for frozen shipping in the life sciences industry (e.g., personalized medicine, stem cells, cell lines, vaccines, diagnostic materials, semen, eggs, embryos, cord blood, bio-pharmaceuticals, infectious substances, and other commodities that require continuous exposure to cryogenic or frozen temperatures). We provide the ability to monitor, record and archive crucial information for each shipment that can be used for scientific and regulatory purposes.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Our Cryoport Express<sup style="font-style:normal">&#174;</sup> Solutions include a sophisticated cloud-based logistics operating platform, which is branded as the Cryoportal&#153;. The Cryoportal&#153; supports the management of the entire shipment and logistics process through a single interface, including initial order input, document preparation, customs clearance, courier management, shipment tracking, issue resolution, and delivery. In addition, it provides unique and incisive information dashboards and validation documentation for every shipment. The Cryoportal&#153; records and retains a fully documented &#8220;chain-of-custody&#8221; and, at the client&#8217;s option, &#8220;chain-of-condition&#8221; for every shipment, helping ensure that quality, safety, efficacy, and stability of shipped commodities are maintained throughout the process. This recorded and archived information allows our clients to meet exacting requirements necessary for scientific work and for proof of regulatory compliance during the logistics phase.</div> <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"> &#160;&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The branded packaging for our Cryoport Express<sup style="font-style:normal">&#174;</sup> Solutions includes our liquid nitrogen dry vapor shippers, the Cryoport Express<sup style="font-style:normal">&#174;</sup> Shippers. The Cryoport Express<sup style="font-style:normal">&#174;</sup> Shippers <sup style="font-style:normal"></sup>are cost-effective and reusable cryogenic transport containers (our standard shipper is a patented vacuum flask) utilizing an innovative application of &#8220;dry vapor&#8221; liquid nitrogen (&#8220;LN2&#8221;) technology. Cryoport Express<sup style="font-style:normal">&#174;</sup> Shippers are International Air Transport Association (&#8220;IATA&#8221;) certified and validated to maintain stable temperatures of minus 150&#176; C and below for a 10-day dynamic shipment period. The Company currently features three Cryoport Express<sup style="font-style:normal">&#174;</sup> Shippers: the Standard Dry Shipper (holding up to 75 2.0 ml vials), the High Volume Dry Shipper (holding up to 500 2.0 ml vials) and the recently introduced Cryoport Express<sup style="font-style:normal">&#174;</sup> CXVC1 Shipper (holding up to 1,500 2.0 ml vials). In addition, we assist clients with internal secondary packaging as well (e.g., vials, canes, straws, plates, etc.)</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Our most used solution is the &#8220;turnkey&#8221; solution, which can be accessed directly through our cloud-based Cryoportal&#153; or by contacting Cryoport Client Care for order entry. 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In this model our Cryoport Express<sup style="font-style:normal">&#174;</sup> Shipper serves as an enabling technology for the safe transportation of manufactured autologous cellular-based immunotherapy market by providing a comprehensive logistics solution for the verified chain of custody and condition transport from, (a) the collection of the patient&#8217;s cells in a hospital setting, to (b) a central processing facility where they are manufactured into a personalized medicine, to (c) the safe, cryogenically preserved return of these irreplaceable cells to a point-of-care treatment facility.&#160; If required, the Cryoport Express<sup style="font-style:normal">&#174;</sup> Shipper can then serve as a temporary freezer/repository to allow the efficient distribution of this personalized medicine to the patient when and where the medical provider needs it most without the expense, inconvenience, and potential costly failure of an on-sight, cryopreservation device. 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We maintain our independent partnerships with strict confidentiality guidelines within the Company. These agreements represent a significant validation of our solutions and the way we conduct our business.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>FedEx.</b> In January 2013, we entered into a master agreement with Federal Express Corporation (&#8220;FedEx&#8221;) (the &#8220;FedEx Agreement&#8221;) renewing these services and providing FedEx with a non-exclusive license and right to use a customized version of our Cryoportal<sup style="font-style:normal">TM</sup> for the management of shipments made by FedEx customers. The FedEx Agreement became effective on January 1, 2013 and, unless sooner terminated as provided in the FedEx Agreement, expires on December 31, 2015. FedEx has the right to terminate this agreement at any time for convenience upon 180 days&#8217; notice.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Under our FedEx Agreement, we provide frozen shipping logistics services through the combination of our purpose-built proprietary technologies and turnkey management processes. FedEx markets and sells Cryoport&#8217;s services for frozen temperature-controlled cold chain transportation as its FedEx<sup style="font-style:normal">&#174;</sup> Deep Frozen Shipping Solution on a non-exclusive basis and at its sole expense. 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In addition, FedEx has developed a FedEx branded version of the Cryoportal<sup style="font-style:normal">TM</sup> software platform, which is &#8220;<i>powered by Cryoport<sup style="font-style:normal">SM</sup></i>&#8221; for use by FedEx and its customers giving them access to the full capabilities of our cloud-based logistics management software platform.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>&#160;</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>DHL.</b> In June 2014, we entered into a master agreement with LifeConEx, a part of DHL Global Forwarding (&#8220;DHL&#8221;). 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In addition, DHL&#8217;s customers will be able to have direct access to our cloud-based order entry and tracking portal to order Cryoport Express<sup style="font-style:normal">&#174;</sup> Solutions and receive preferred DHL shipping rates and discounts. Our proprietary logistics management operating platform, the Cryoportal<sup style="font-style:normal">TM</sup>, is integrated with DHL&#8217;s tracking and billing systems to provide DHL life sciences and healthcare customers with a seamless way of accessing critical information regarding shipments of biological material worldwide.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 24.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>UPS.</b> In October 2014, we added United Parcel Services, Inc. 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We have sustained operating losses since our inception and have used substantial amounts of working capital in our operations. At March 31, 2015, we had an accumulated deficit of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">97.8</font> million. 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We believe that our cash resources at March 31, 2015, additional funds raised subsequent to March 31, 2015 through the Class B convertible preferred stock (see Note 15), together with the revenues generated from our services will be sufficient to sustain our planned operations into the third quarter of fiscal year 2016; however, we must obtain additional capital to fund operations thereafter and for the achievement of sustained profitable operations. These factors raise substantial doubt about our ability to continue as a going concern. We are currently working on funding alternatives in order to secure sufficient operating capital to allow us to continue to operate as a going concern.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 27pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-SIZE: 10pt">Future capital requirements will depend upon many factors, including the success of our commercialization efforts and the level of customer adoption of our Cryoport Express<sup style="font-style:normal">&#174;</sup></font> <font style="FONT-SIZE: 10pt">Solutions as well as our ability to establish additional collaborative arrangements. 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OperatingLeasesRentExpenseNet
178000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
168900 USD
CY2014Q1 us-gaap Accrued Vacation Current
AccruedVacationCurrent
155166 USD
CY2015Q1 us-gaap Accrued Vacation Current
AccruedVacationCurrent
159992 USD
CY2014Q1 cyrx Accrued Board Of Director Fees Current
AccruedBoardOfDirectorFeesCurrent
214553 USD
CY2015Q1 cyrx Accrued Board Of Director Fees Current
AccruedBoardOfDirectorFeesCurrent
401532 USD
CY2014 cyrx Consulting Service Fee
ConsultingServiceFee
395300 USD
CY2015 cyrx Consulting Service Fee
ConsultingServiceFee
339300 USD
CY2014Q1 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
4241 USD
CY2015Q1 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
2947 USD
CY2014 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
36500 USD
CY2015 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
33500 USD
CY2015Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
6.00
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2916065 USD
CY2015 cyrx Stockissued During Period Value New Issues1
StockissuedDuringPeriodValueNewIssues1
1691506 USD
CY2014 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
4127201 USD
CY2015 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
1766997 USD
CY2015 cyrx Adjustments To Additional Paid In Capital Fair Value Of Convertible Debt And Warrants With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalFairValueOfConvertibleDebtAndWarrantsWithConversionFeature
0 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
826919 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
17400 USD
CY2015 cyrx Adjustments To Additional Paid In Capital Warrant Issued Related Party Notes Payable
AdjustmentsToAdditionalPaidInCapitalWarrantIssuedRelatedPartyNotesPayable
280370 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
458937 USD
CY2014 cyrx Debt Conversion Converted Instrument Related Party Amount Warrant Issued
DebtConversionConvertedInstrumentRelatedPartyAmountWarrantIssued
0 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
478229 USD
CY2015 cyrx Discount Price Per Share Percentage
DiscountPricePerSharePercentage
0.2 pure
CY2015 cyrx Percentage Of Assets Acquisition
PercentageOfAssetsAcquisition
0.81 pure
CY2015Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-12
CY2015 cyrx Estimated Base Rent Under Lease
EstimatedBaseRentUnderLease
9500 USD
CY2015Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
5500 USD
CY2014Q3 dei Entity Public Float
EntityPublicFloat
25056500 USD
CY2015 cyrx Minimum Gross Proceeds From Beneficial Conversion Feature
MinimumGrossProceedsFromBeneficialConversionFeature
5000000 USD
CY2015 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
521000 USD
CY2014Q1 us-gaap Cash
Cash
159000 USD
CY2015Q1 us-gaap Cash
Cash
1300000 USD

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