2014 Q1 Form 10-K Financial Statement

#000032001714000007 Filed on March 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 2012 Q4
Revenue $4.056K $14.67M $2.750M
YoY Change 60.7% 2.36% -34.68%
Cost Of Revenue $3.825M $12.95M $2.550M
YoY Change 59.92% 8.35% -22.96%
Gross Profit -$3.821M $1.721M $200.0K
YoY Change -2998.88% -27.7% -77.78%
Gross Profit Margin -94215.68% 11.73% 7.27%
Selling, General & Admin $8.970M $21.61M $5.180M
YoY Change 54.61% -3.15% -18.94%
% of Gross Profit 1255.65% 2590.0%
Research & Development $4.759M $16.92M $2.950M
YoY Change 50.54% 61.87% 43.2%
% of Gross Profit 982.86% 1475.0%
Depreciation & Amortization $440.0K $1.000M $390.0K
YoY Change -20.0% 0.0% 77.27%
% of Gross Profit 58.1% 195.0%
Operating Expenses $17.55M $51.48M $8.140M
YoY Change 54.59% 15.12% -3.78%
Operating Profit -$13.50M -$36.81M -$7.940M
YoY Change 52.85% 21.14% 5.03%
Interest Expense $94.16K $281.4K -$220.0K
YoY Change 116.15% -82.15% -62.71%
% of Operating Profit
Other Income/Expense, Net -$283.7K -$1.896M -$4.350M
YoY Change 760.92% -67.81% -952.94%
Pretax Income -$13.78M -$38.71M -$12.51M
YoY Change 55.48% 6.69% 63.96%
Income Tax $47.41K $780.1K -$180.0K
% Of Pretax Income
Net Earnings -$13.68K -$38.98M -$15.51M
YoY Change 55.46% -27.5% -17.72%
Net Earnings / Revenue -337.33% -265.75% -564.0%
Basic Earnings Per Share
Diluted Earnings Per Share -$4.868M -$19.01M -$9.755M
COMMON SHARES
Basic Shares Outstanding 28.58M shares 159.4M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q1 2013 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.40M $46.10M $13.70M
YoY Change 345.16% 236.5% 251.28%
Cash & Equivalents $41.36M $46.10M $12.30M
Short-Term Investments
Other Short-Term Assets $3.300M $2.900M $1.900M
YoY Change 32.0% 52.63% -94.24%
Inventory $1.476M $1.113M
Prepaid Expenses
Receivables $1.888M $1.900M $1.054M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $46.56M $50.80M $16.71M
YoY Change 267.26% 204.19% -56.73%
LONG-TERM ASSETS
Property, Plant & Equipment $13.79M $12.80M $11.15M
YoY Change 27.76% 14.29% -3.99%
Goodwill $11.12M $11.12M
YoY Change 0.0% 0.0%
Intangibles $13.72M $14.48M
YoY Change -4.22% -4.01%
Long-Term Investments
YoY Change
Other Assets $1.205M $1.200M $947.3K
YoY Change 23.05% 33.33% -71.53%
Total Long-Term Assets $39.84M $39.00M $37.70M
YoY Change 7.03% 3.45% -67.7%
TOTAL ASSETS
Total Short-Term Assets $46.56M $50.80M $16.71M
Total Long-Term Assets $39.84M $39.00M $37.70M
Total Assets $86.39M $89.80M $54.41M
YoY Change 73.14% 65.07% -64.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.296M $3.400M $2.555M
YoY Change 50.41% 30.77% 11.72%
Accrued Expenses $2.382M $4.000M $2.285M
YoY Change 41.51% 73.91% 109.58%
Deferred Revenue
YoY Change
Short-Term Debt $200.0K $200.0K $3.400M
YoY Change -94.12% -94.12% -5.56%
Long-Term Debt Due $800.0K $400.0K $200.0K
YoY Change 700.0% 100.0% 100.0%
Total Short-Term Liabilities $8.786M $9.800M $9.949M
YoY Change -4.79% -1.01% -72.7%
LONG-TERM LIABILITIES
Long-Term Debt $3.800M $3.600M $200.0K
YoY Change 3700.0% 1700.0% -95.83%
Other Long-Term Liabilities $635.0K $10.00M $214.9K
YoY Change 130.62% 26.58%
Total Long-Term Liabilities $27.33M $13.60M $21.59M
YoY Change 134.27% 67.9% -36.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.786M $9.800M $9.949M
Total Long-Term Liabilities $27.33M $13.60M $21.59M
Total Liabilities $36.11M $27.30M $31.54M
YoY Change 72.85% 28.77% -55.19%
SHAREHOLDERS EQUITY
Retained Earnings -$250.1M -$197.4M
YoY Change 21.27% 37.95%
Common Stock $28.59K $16.38K
YoY Change -83.21% -85.02%
Preferred Stock
YoY Change
Treasury Stock (at cost) $705.7K $665.6K
YoY Change 6.03%
Treasury Stock Shares 104.0K shares
Shareholders Equity $59.64M $62.50M $33.18M
YoY Change
Total Liabilities & Shareholders Equity $86.39M $89.80M $54.41M
YoY Change 73.14% 65.07% -64.97%

Cashflow Statement

Concept 2014 Q1 2013 2012 Q4
OPERATING ACTIVITIES
Net Income -$13.68K -$38.98M -$15.51M
YoY Change 55.46% -27.5% -17.72%
Depreciation, Depletion And Amortization $440.0K $1.000M $390.0K
YoY Change -20.0% 0.0% 77.27%
Cash From Operating Activities -$11.25M -$27.10M -$9.620M
YoY Change 57.71% 95.64% 182.11%
INVESTING ACTIVITIES
Capital Expenditures $1.240M $2.691M -$330.0K
YoY Change 2213.95% 406.57% 450.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $9.110M
YoY Change -100.0% 699.12%
Cash From Investing Activities -$1.240M -$2.691M $8.780M
YoY Change 2213.95% -144.21% 712.96%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change -100.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $7.719M $62.19M -1.680M
YoY Change 185.32% 611.41% -147.32%
NET CHANGE
Cash From Operating Activities -$11.25M -$27.10M -9.620M
Cash From Investing Activities -$1.240M -$2.691M 8.780M
Cash From Financing Activities $7.719M $62.19M -1.680M
Net Change In Cash -$4.774M $32.40M -2.520M
YoY Change 6.47% 3213.76% -306.56%
FREE CASH FLOW
Cash From Operating Activities -$11.25M -$27.10M -$9.620M
Capital Expenditures $1.240M $2.691M -$330.0K
Free Cash Flow -$12.49M -$29.79M -$9.290M
YoY Change 73.77% 107.13% 177.31%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">The Business</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Overview</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NeoStem, Inc. (&#8220;we,&#8221; &#8220;NeoStem&#8221; or the &#8220;Company&#8221;) is a leader in the emerging cellular therapy industry. We are pursuing the preservation and enhancement of human health globally through the development of cell based therapeutics that prevent, treat or cure disease by repairing and replacing damaged or aged tissue, cells and organs and restoring their normal function. We believe that cell therapy will play a large role in changing the natural history of diseases as more breakthrough therapies are developed, ultimately lessening the overall burden of disease on patients and their families as well as the economic burden that these diseases impose upon modern society.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our business includes the development of novel proprietary cell therapy products as well as a revenue generating contract development and manufacturing service business that we not only leverage for the development of our therapeutics but anticipate will benefit from the advancement in the regenerative medicine industry. The combination of our own therapeutic development business and a revenue-generating service provider business provides the Company with unique capabilities for cost effective in-house product development and immediate revenue and cash flow generation.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> We are developing therapies to address ischemia through our CD34 Cell Program. Ischemia occurs when the supply of oxygenated blood in the body is restricted. We seek to reverse this restriction through the development and formation of new blood vessels. AMR-001 is our most clinically advanced product candidate in our CD34 Cell Program and is being developed to treat damaged heart muscle following an acute myocardial infarction (heart attack) ("AMI"). In December 2013, the Company completed enrollment in its PreSERVE AMI study. PreSERVE AMI is a randomized, double-blinded, placebo-controlled Phase 2 clinical trial testing AMR-001, an autologous (donor and recipient are the same) adult stem cell product for the treatment of patients with left ventricular dysfunction following acute ST segment elevation myocardial infarction (STEMI). With infusion of the target population of 160 patients complete, the last patient primary endpoint follow-up for this study is expected in June 2014 followed by data lock and analysis with a submission for a possible presentation of the study at the American Heart Association's Scientific Sessions to be held November 15-19, 2014. If approved by Food and Drug Administration (the "FDA ") and/or other worldwide regulatory agencies following successful completion of further trials, AMR-001 would address a significant medical need for which there is currently no effective treatment, potentially improving longevity and quality of life for those suffering a STEMI, and positioning the Company to capture a meaningful share of this worldwide market. We also expect to initiate a Phase 2 clinical trial for chronic heart failure in Europe in 2014 and are conducting preclinical studies in traumatic brain injury for which we expect data in the second half of 2014.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Another platform technology we are developing utilizes T Regulatory Cells ("Tregs") to treat diseases caused by imbalances in the immune system. In collaborating with Becton-Dickinson and the University of California, San Francisco, we are utilizing this technology platform of our majority-owned subsidiary, Athelos Corporation ("Athelos"), to restore immune balance by enhancing Treg cell number and function. Tregs are a natural part of the human immune system and regulate the activity of T effector cells, the cells that are responsible for protecting the body from viruses and other foreign antigen exposure. When Tregs function properly, only foreign materials are attacked by T effector cells. In autoimmune disease it is thought that deficient Treg activity permits the T effector cells to attack the body's own tissues.&#160;We plan to initiate a Phase 2 study of Treg based therapeutics to treat type 1 diabetes in 2014. We also plan to initiate a Phase 1 study in Canada of Treg based therapeutics in support of a steroid resistant asthma indication in 2014.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pre-clinical assets include our VSEL</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt"> TM</sup></font><font style="font-family:inherit;font-size:10pt;"> (Very Small Embryonic Like) Technology regenerative medicine platform. Regenerative medicine holds the promise of improving clinical outcomes and reducing overall&#160; healthcare costs.&#160; We are working on a Department of Defense funded study of VSELs</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">TM</sup></font><font style="font-family:inherit;font-size:10pt;"> for the treatment of chronic wounds. Other preclinical work with VSELs</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">TM </sup></font><font style="font-family:inherit;font-size:10pt;">includes exploring macular degeneration as a target indication.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Progenitor Cell Therapy, LLC ("PCT") is a contract manufacturer that generates revenue. This wholly owned subsidiary, which we acquired in 2011, is an industry leader in providing high quality manufacturing capabilities and support to developers of cell-based therapies to enable them to improve efficiencies and profitability and reduce capital investment for their own development activities. Since its inception more than 15 years ago, PCT has provided pre-clinical and clinical current Good Manufacturing Practice (&#8220;cGMP&#8221;) development and manufacturing services to more than 100 clients. PCT has experience advancing regenerative medicine product candidates from product inception through rigorous quality standards all the way through to human testing, Biologic License Application ("BLA") filing and FDA product approval. PCT's core competencies in the cellular therapy industry include manufacturing of cell therapy-based products, engineering and innovation services, product and process development, cell and tissue processing, regulatory support, storage, distribution and delivery and consulting services. PCT has two cGMP, state-of-the art cell therapy research, development, and manufacturing facilities in New Jersey and California, serving the cell therapy community with integrated and regulatory compliant distribution capabilities. The Company is pursuing commercial expansion of our manufacturing operations both in the U.S. and internationally. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> &#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effective March 31, 2012, we no longer operated in the former Regenerative Medicine &#8211; China segment, which is now reported in discontinued operations (see Note 15). On November 13, 2012, we completed the sale of our 51%&#160;interest in Suzhou Erye, which represented the operations in our former Pharmaceutical Manufacturing - China segment, and is also reported in discontinued operations (see Note 15). As a result, we currently operate in a single reporting segment - Cell Therapy, which will focus on contract development and manufacturing and cell therapy development programs. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We believe that NeoStem is ideally positioned to lead the cell therapy industry.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;generally accepted accounting principles&#8221;) and include the accounts of the Company and its wholly owned and partially owned subsidiaries, the operations of our former Regenerative Medicine - China segment through the deconsolidation date on March 31, 2012 (see Note 15), and the operations of our former Pharmaceutical Manufacturing - China segment through November 13, 2012, the date on which the segment was sold (see Note 15). These former segments are reported in discontinued operations. In the opinion of management, the accompanying Consolidated Financial Statements of the Company and its subsidiaries, include all normal and recurring adjustments considered necessary to present fairly the Company's financial position as of December 31, </font><font style="font-family:inherit;font-size:10pt;">2013</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2012</font><font style="font-family:inherit;font-size:10pt;">, and the results of its operations and its cash flows for the years then ended. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Estimates also affect the reported amounts of revenues and expenses during the reporting period. Examples of estimates include the fair value of goodwill and/or potential goodwill impairments for our reporting units, useful lives of our tangible and intangible assets, allowances for doubtful accounts, and stock-based compensation forfeiture rates. An example of an assumption includes the potential outcome of future tax consequences of events that have been recognized in our financial statements or tax returns. 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style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">United States of America</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PCT Allendale, LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">United States of America</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(1) Pursuant to the Stock Purchase Agreement signed in March 2011, our initial ownership in Athelos was 80.1%, and Becton 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CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
62542475 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
62026435 USD
CY2012Q4 us-gaap Temporary Equity Liquidation Preference Per Share
TemporaryEquityLiquidationPreferencePerShare
0.00
CY2012Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
0 shares
CY2013Q4 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
0 shares
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
32820159 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
80132518 USD
CY2013Q4 us-gaap Temporary Equity Liquidation Preference Per Share
TemporaryEquityLiquidationPreferencePerShare
0.00
CY2013Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
0 shares
CY2012Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
0 shares
CY2012Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
6662748 shares
CY2013Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
3135411 shares
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
705742 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
665600 USD
CY2012 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
373307 USD
CY2013 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
77981 USD
CY2013Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
59726600 USD
CY2012Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
39144700 USD
CY2012Q4 nbs Aggregate Intrinsic Value Warrants Outstanding
AggregateIntrinsicValueWarrantsOutstanding
1300000 USD
CY2013Q4 nbs Aggregate Intrinsic Value Warrants Outstanding
AggregateIntrinsicValueWarrantsOutstanding
1811000 USD
CY2013Q4 nbs Aggregate Intrinsic Value Warrantsvested
AggregateIntrinsicValueWarrantsvested
1811000 USD
CY2013Q4 nbs Aggregate Intrinsic Value Warrantsvestedandexpectedtovest
AggregateIntrinsicValueWarrantsvestedandexpectedtovest
1811000 USD
CY2012Q3 nbs Base Monthly Rent Expense Of Executive Offices
BaseMonthlyRentExpenseOfExecutiveOffices
27000 USD
CY2012Q3 nbs Base Monthly Rent Expense Of Subleases
BaseMonthlyRentExpenseOfSubleases
7500 USD
CY2012 nbs Clinical Services Reimbursement
ClinicalServicesReimbursement
3500000 USD
CY2013 nbs Clinical Services Reimbursement
ClinicalServicesReimbursement
2100000 USD
CY2013 nbs Common Stock Issued In Payment Of Dividends For Convertible Redeemable Series E7 Preferred Stock
CommonStockIssuedInPaymentOfDividendsForConvertibleRedeemableSeriesE7PreferredStock
3400000 USD
CY2012Q4 nbs Common Stock Warrants Shares
CommonStockWarrantsShares
5528761 shares
CY2013Q4 nbs Deferred Tax Liabilities Accumulated Depreciation
DeferredTaxLiabilitiesAccumulatedDepreciation
64800 USD
CY2012Q4 nbs Deferred Tax Liabilities Accumulated Depreciation
DeferredTaxLiabilitiesAccumulatedDepreciation
0 USD
CY2013 nbs Dividend On Preferred Stock Shares Of Common Stock Issuable
DividendOnPreferredStockSharesOfCommonStockIssuable
0 USD
CY2012 nbs Dividend On Preferred Stock Shares Of Common Stock Issuable
DividendOnPreferredStockSharesOfCommonStockIssuable
175700 USD
CY2013 nbs Income Tax Reconciliation Undistributed Foreign Earnings
IncomeTaxReconciliationUndistributedForeignEarnings
0 USD
CY2012 nbs Income Tax Reconciliation Undistributed Foreign Earnings
IncomeTaxReconciliationUndistributedForeignEarnings
-1810300 USD
CY2012 nbs Increase Decrease In Accounts Payable Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities
1677551 USD
CY2013 nbs Increase Decrease In Accounts Payable Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities
2916739 USD
CY2012 nbs Issuance Of Common Stock In Connection With Preferred Stock Settlement Value
IssuanceOfCommonStockInConnectionWithPreferredStockSettlementValue
674194 USD
CY2013 nbs Issuance Of Common Stock In Exchange For Convertible Preferred Stock
IssuanceOfCommonStockInExchangeForConvertiblePreferredStock
0 USD
CY2012 nbs Issuance Of Common Stock In Exchange For Convertible Preferred Stock
IssuanceOfCommonStockInExchangeForConvertiblePreferredStock
1026600 USD
CY2012 nbs Other Comprehensive Income Foreign Currency Translation Elimination On Sale Of Segment
OtherComprehensiveIncomeForeignCurrencyTranslationEliminationOnSaleOfSegment
-10402352 USD
CY2013 nbs Provision For Reduction Of Doubtful Accounts
ProvisionForReductionOfDoubtfulAccounts
234225 USD
CY2012 nbs Other Comprehensive Income Loss Foreign Currency Transaction And Translation Elimination On Exit Of Segment
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationEliminationOnExitOfSegment
-169993 USD
CY2013 nbs Other Comprehensive Income Loss Foreign Currency Transaction And Translation Elimination On Exit Of Segment
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationEliminationOnExitOfSegment
0 USD
CY2013 nbs Other Comprehensive Income Loss Foreign Currency Transaction And Translation Elimination On Sale Of Segment
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationEliminationOnSaleOfSegment
0 USD
CY2012 nbs Other Comprehensive Income Loss Foreign Currency Transaction And Translation Elimination On Sale Of Segment
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationEliminationOnSaleOfSegment
-4387371 USD
CY2012 nbs Payment For Warrant Inducement
PaymentForWarrantInducement
228676 USD
CY2013 nbs Payment For Warrant Inducement
PaymentForWarrantInducement
62014 USD
CY2013Q2 nbs Percentofoutstandingcommonstock
Percentofoutstandingcommonstock
0.1
CY2012 nbs Permanent Non Deductible Expenses For Us Taxes
PermanentNonDeductibleExpensesForUSTaxes
2781400 USD
CY2013 nbs Permanent Non Deductible Expenses For Us Taxes
PermanentNonDeductibleExpensesForUSTaxes
1798200 USD
CY2010Q4 nbs Preferred Offering Units
PreferredOfferingUnits
10582011 shares
CY2012Q4 nbs Preferred Stock Shares Designated
PreferredStockSharesDesignated
825000 shares
CY2013Q4 nbs Preferred Stock Shares Designated
PreferredStockSharesDesignated
825000 shares
CY2012 nbs Provision For Reduction Of Doubtful Accounts
ProvisionForReductionOfDoubtfulAccounts
-511755 USD
CY2013 nbs Revene Recognition Period For Cryoperservation Process
ReveneRecognitionPeriodForCryoperservationProcess
PT24H
CY2013Q4 nbs Sharesvestedandexpectedtovest
Sharesvestedandexpectedtovest
4884957 shares
CY2012 nbs Stock Issued During Period Shares Warrant Inducements
StockIssuedDuringPeriodSharesWarrantInducements
41969 shares
CY2013 nbs Stock Issued During Period Shares Warrant Inducements
StockIssuedDuringPeriodSharesWarrantInducements
40407 shares
CY2012 nbs Stock Issued During Period Value Warrant Exercises
StockIssuedDuringPeriodValueWarrantExercises
6604419 USD
CY2013 nbs Stock Issued During Period Value Warrant Exercises
StockIssuedDuringPeriodValueWarrantExercises
3028241 USD
CY2012 nbs Stock Issued During Period Value Warrant Inducements
StockIssuedDuringPeriodValueWarrantInducements
228676 USD
CY2013 nbs Stock Issued During Period Value Warrant Inducements
StockIssuedDuringPeriodValueWarrantInducements
62014 USD
CY2013Q4 nbs Stock Option Exercise
StockOptionExercise
30000 shares
CY2013 nbs Warrant Inducements
WarrantInducements
0 USD
CY2012 nbs Warrant Inducements
WarrantInducements
-1012819 USD
CY2013 nbs Warrants Canceled
WarrantsCanceled
136079 shares
CY2013 nbs Warrants Exercised
WarrantsExercised
563166 shares
CY2013 nbs Warrants Expired
WarrantsExpired
17500 shares
CY2013 nbs Warrants Granted
WarrantsGranted
86250 shares
CY2013 nbs Warrants Issued During Period Value
WarrantsIssuedDuringPeriodValue
149900 USD
CY2012 nbs Warrants Issued During Period Value
WarrantsIssuedDuringPeriodValue
172200 USD
CY2013 nbs Weighted Average Estimated Fair Value Of Restricted Stock
WeightedAverageEstimatedFairValueOfRestrictedStock
6.53
CY2012Q1 nbs Weighted Average Estimated Fair Value Of Restricted Stock
WeightedAverageEstimatedFairValueOfRestrictedStock
5.77
CY2013 nbs Weighted Average Exercise Price Warrants Canceled
WeightedAverageExercisePriceWarrantsCanceled
20.15
CY2013Q4 nbs Weighted Average Exercise Price Warrants Exercisable
WeightedAverageExercisePriceWarrantsExercisable
15.41
CY2013 nbs Weighted Average Exercise Price Warrants Exercised
WeightedAverageExercisePriceWarrantsExercised
5.38
CY2013 nbs Weighted Average Exercise Price Warrants Expired
WeightedAverageExercisePriceWarrantsExpired
14.20
CY2013 nbs Weighted Average Exercise Price Warrants Granted
WeightedAverageExercisePriceWarrantsGranted
6.66
CY2012Q4 nbs Weighted Average Exercise Price Warrants Outstanding
WeightedAverageExercisePriceWarrantsOutstanding
15.65
CY2013Q4 nbs Weighted Average Exercise Price Warrants Outstanding
WeightedAverageExercisePriceWarrantsOutstanding
16.50
CY2013Q4 nbs Weighted Average Exercise Price Warrantsvestedexpectedtovest
WeightedAverageExercisePriceWarrantsvestedexpectedtovest
16.35
CY2013 nbs Weighted Average Remaining Contractual Termwarrantoutstanding
WeightedAverageRemainingContractualTermwarrantoutstanding
P2Y7M17D
CY2013 nbs Weighted Average Remaining Contractual Termwarrantsvested
WeightedAverageRemainingContractualTermwarrantsvested
P2Y7M2D
CY2013 nbs Weightedaveragenumberbasicdilutedsharesoutstanding
Weightedaveragenumberbasicdilutedsharesoutstanding
20495771 shares
CY2012 nbs Weightedaveragenumberbasicdilutedsharesoutstanding
Weightedaveragenumberbasicdilutedsharesoutstanding
13841997 shares
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000320017
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
28582625 shares
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013Q2 dei Entity Public Float
EntityPublicFloat
92272275 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
NeoStem, Inc.
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

Files In Submission

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0000320017-14-000007-index-headers.html Edgar Link pending
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0000320017-14-000007.txt Edgar Link pending
0000320017-14-000007-xbrl.zip Edgar Link pending
clinicalmilestonesv173finaln.jpg Edgar Link pending
exh1049rs.htm Edgar Link pending
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