Baxano Surgical Inc (BAXS) Financial Statements (2024 and earlier)

Company Profile

Business Address 110 HORIZON DRIVE, SUITE 230
RALEIGH, NC 27615
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4568,54011,59919,60214,686 
Cash and cash equivalents1,4568,54011,59919,60214,686 
Receivables3,7874,6994,7074,2902,936 
Inventory, net of allowances, customer advances and progress billings7,4577,0377,1546,8725,053
Inventory7,4577,0377,1546,8725,053 
Prepaid expense and other current assets593 
Other undisclosed current assets1,0721,08571097262 
Total current assets:13,77221,36124,17031,73623,330 
Noncurrent Assets
Property, plant and equipment2,7133,0473,1422,8792,203 
Intangible assets, net (including goodwill)38,89339,52324,13124,255
Goodwill8,4638,46316,04316,036  
Intangible assets, net (excluding goodwill)30,43031,0608,0888,219  
Other noncurrent assets748577152158 
Other undisclosed noncurrent assets(15,215)(15,530)    
Total noncurrent assets:27,13927,61727,42527,2922,203 
TOTAL ASSETS:40,91148,97851,59559,02825,533 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,9819,7516,2535,5234,733 
Interest and dividends payable      
Taxes payable80122    
Employee-related liabilities2,1752,343    
Accounts payable3,4933,6932,9512,4753,002 
Accrued liabilities3,2333,5933,3023,0481,731 
Debt1,242580796526  
Derivative instruments and hedges, liabilities 528    
Other undisclosed current liabilities4952542,7482,7026,359 
Total current liabilities:10,71811,1139,7978,75111,092 
Noncurrent Liabilities
Long-term debt and lease obligation5,6656,2681,9862,234  
Long-term debt, excluding current maturities5,6656,2681,9862,234  
Liabilities, other than long-term debt580     
Other liabilities      
Derivative instruments and hedges, liabilities580     
Other undisclosed noncurrent liabilities (4,792)(4,118)8711,31977 
Total noncurrent liabilities:1,4532,1502,8573,55377 
Total liabilities:12,17113,26312,65412,30411,169 
Equity
Equity, attributable to parent22,49529,44736,95544,49014,364 
Common stock55443 
Additional paid in capital202,418200,260199,333198,910160,255 
Accumulated other comprehensive income1415151413 
Accumulated deficit(179,942)(170,833)(162,397)(154,438)(145,907) 
Total equity:22,49529,44736,95544,49014,364 
Other undisclosed liabilities and equity6,2456,2681,9862,234  
TOTAL LIABILITIES AND EQUITY:40,91148,97851,59559,02825,533 

Income Statement (P&L) ($ in thousands)

6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
Revenues4,4125,9555,6503,8773,099 
Cost of revenue(1,263)(1,806)(1,506)(1,295)(1,031) 
Gross profit:3,1494,1494,1442,5822,068 
Operating expenses(11,828)(12,187)(11,999)(11,053)(9,166) 
Operating loss:(8,679)(8,038)(7,855)(8,471)(7,098) 
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2)182(104)(60)(2) 
Interest and debt expense(376)     
Other undisclosed loss from continuing operations before equity method investments, income taxes  (715)    
Loss from continuing operations:(9,057)(8,571)(7,959)(8,531)(7,100) 
Loss before gain (loss) on sale of properties:(9,057)(8,571)(7,959)(8,531)(7,100) 
Net loss:(9,057)(8,571)(7,959)(8,531)(7,100) 
Other undisclosed net income (loss) attributable to parent(52)135    
Net loss available to common stockholders, diluted:(9,109)(8,436)(7,959)(8,531)(7,100) 

Comprehensive Income ($ in thousands)

6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
Net loss:(9,057)(8,571)(7,959)(8,531)(7,100) 
Other undisclosed comprehensive income  1    
Comprehensive loss:(9,057)(8,570)(7,959)(8,531)(7,100) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(53)137(1)1(1) 
Comprehensive loss, net of tax, attributable to parent:(9,110)(8,433)(7,960)(8,530)(7,101) 

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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