BIOLIFE SOLUTIONS INC BLFS Cash Flow

Biolife solutions inc (BLFS)

CashFlow / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-3,565,172	-1,265,975	-1,719,712	-1,490,513	-1,400,997	-1,291,719	-1,150,395	-1,152,265	-995,613	-862,455	-883,356	-559,371	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-12,238,000	9,316,000	838,000	427,000	-27,378,000	1,230,000	-3,730,000	3,000	4,873,000	-557,780	-318,718	-768,212	-870,290	-	-	-	-	-	-	-	-	-	-	-	-	-	-309,910	-282,506	-7,176	-511,588	-352,228	-498,893	-296,877	-411,170	-478,668	-436,679	-630,122
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation
345,000	164,000	111,000	98,000	93,000	84,000	83,000	78,000	78,000	79,105	83,644	86,702	89,549	91,756	92,453	92,102	91,791	87,670	86,821	85,081	83,646	72,014	63,380	60,219	62,506	63,822	64,988	59,565	58,697	59,626	50,641	32,922	26,455	26,342	24,580	23,321	22,872
Loss on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-431	0	63	-283	1,896	0	0
Stock-based compensation
1,136,000	655,000	646,000	606,000	388,000	383,000	375,000	373,000	373,000	312,289	313,943	313,873	329,895	193,147	181,084	256,236	146,527	174,827	178,259	124,862	33,509	46,178	74,325	57,557	51,619	72,417	88,234	20,171	67,382	61,347	57,134	50,925	46,688	52,183	51,787	53,242	78,628
Amortization of deferred rent related to lease incentives
-	0	0	0	-	32,000	31,000	32,000	-	31,751	31,750	31,749	31,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non cash lease expense
-644,000	45,000	44,000	43,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense – finance type lease
-	0	0	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock issued for services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	60,000	70,000	80,000	-	-	-	-	-	-	-	-	-	-	-	-
Stock to be issued for services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Write off of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	13,022	14,262	14,263	14,107	13,952	18,397	18,396	14,701	27,045	121,464	-73,815	11,430	15,324
Amortization of deferred rent related to lease incentives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-31,750	-31,750	-31,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount
-	-	-	-	-	-	-	-	-	4	0	62,398	93,598	93,597	93,598	31,199	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from equity method investment in SAVSU
0	-291,000	-216,000	-232,000	-309,000	-42,000	-177,000	-144,000	-144,000	-297,792	-217,735	-260,105	-229,368	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of warrant liability
-	-	-	-	-	-	-	-	-4,870,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred rent related to lease incentives
-	-	-	-	-	-	-	-	-	-	-	-	-	31,749	158,747	-31,750	-31,749	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease incentives received from landlord, net of amortization of deferred rent related to lease incentives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	83,399	-40,966	-40,359	-39,778	-36,096	-35,563	137,154	-13,333	95,720	-19,030	785,112	0	-	-	-	-
Accretion and amortization on available for sale investments
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,792	-8,915	-15,725	-24,584	-40,901	-44,808	-33,558	-19,640	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in operating assets and liabilities
Accounts receivable, trade, net
-82,000	-260,000	750,000	-118,000	346,000	533,000	1,122,000	23,000	23,000	-331,851	180,461	112,263	-132,873	-117,360	26,991	93,755	260,971	137,015	-17,113	-41,657	-50,579	126,547	208,536	-759,024	316,248	835,868	-807,526	756,825	-376,004	197,790	-438,753	112,626	75,327	-88,466	-63,353	-38,623	-17,802
Inventories
2,047,000	389,000	790,000	551,000	598,000	789,000	285,000	-10,000	-10,000	-14,274	91,988	-43,102	54,388	221,714	-6,970	-107,526	183,620	51,252	462,126	78,470	277,563	247,600	39,468	381,051	-123,819	-482,675	310,461	-43,218	-20,041	192,814	67,599	-152,843	-258,011	-30,830	34,446	-62,266	-36,820
Prepaid expenses and other current assets
-	240,000	38,000	-6,000	-	-54,000	115,000	-12,000	-	79,521	-34,426	-2,124	138,029	-102,947	-20,459	67,475	-17,324	-101,597	134,167	24,394	-72,156	39,761	-6,993	79,316	-88,961	82,360	44,093	17,631	-27,070	-51,817	-46,257	-8,358	22,145	459	-24,373	11,252	-15,405
Accounts payable
391,000	413,000	-589,000	553,000	-354,000	175,000	237,000	-69,000	-69,000	248,732	-103,493	-112,269	-11,970	-128,418	154,531	115,462	91,907	-59,261	353,418	-320,817	221,046	305,824	-1,268	-537,877	-159,087	26,572	-201,219	-12,194	191,419	-201,791	532,667	-2,385	130,898	92,661	-36,621	70,548	159,447
Accrued compensation and other current liabilities
-	578,000	282,000	-302,000	-	201,000	105,000	-101,000	-	153,115	82,443	14,995	41,447	-302,565	-145,113	26,833	10,694	30,063	91,747	85,848	-353,077	193,006	138,495	87,227	-411,650	372,663	6,932	-38,093	-63,278	97,932	62,356	83,629	-16,199	-41,828	49,995	-31,620	-36,303
Accrued interest
-	-	-	-	-	-	-	-	-	-143	-33,274	102,084	83,333	58,333	31,191	8,333	0	-	-	-	-	-	0	0	177,308	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent
-	-	-	-	-	-	-3,000	-3,000	-	-1,164	-1,417	565	-62,984	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest, related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	185,555	185,554	185,555	185,555	185,555	185,555	183,543	178,777	-	-	-	-
Deferred rent
-	-	-	-	-	-	-	-	-	-	-	-	-	3,448	4,612	6,594	13,335	6,932	8,049	16,685	4,966	57,516	-7,554	-5,226	-5,227	9,775	10,915	7,717	-27,412	29,821	46,189	6,134	-6,134	-	-	-	-
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,181,671	-1,593,483	-1,270,270	-1,168,630	-1,227,109	-1,307,852	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest, related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	160,542
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-109,167	-5,000	-163,717	153,717	-5,000	-5,000	-5,000	-5,000	-5,000
Net cash provided by operating activities
-1,003,000	1,137,000	-67,000	1,146,000	585,000	810,000	561,000	392,000	392,000	802,889	74,379	-102,920	-169,348	-	-	-	-	-	-	-	-	-696,776	-697,896	-873,518	-894,126	78,547	-12,532	206,468	-126,476	168,806	121	760,830	-74,823	-192,795	-253,327	-239,156	-304,639
Cash flows from investing activities
Sales of available-for-sale investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	102,376	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in equity investment SAVSU
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,066,823	0	342,872	0	1,886,595	6,065,524	0	-	-	-	-	-	-	-	-	-	-	-	-
Sales/maturities of available-for-sale investments
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,650,000	1,242,000	1,100,000	2,625,000	2,100,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	700	0	700	700	1,400	0	0
Costs associated with internal use software development
-	-	-	-	-	-	-	-	-	-	-	-	-	256,222	162,409	142,509	552,535	388,623	397,582	497,480	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property and equipment
319,000	89,000	111,000	156,000	161,000	278,000	20,000	41,000	41,000	52,557	13,258	41,033	37,152	13,415	30,765	72,417	26,936	30,156	31,847	30,881	41,128	342,525	149,456	78,922	18,777	1,561	9,386	191,786	33,937	-20,143	148,646	976,000	47,217	36,158	14,101	29,796	13,475
Net cash used in investing activities
-14,021,000	-292,000	-12,549,000	-156,000	-161,000	-5,278,000	-1,020,000	-41,000	-41,000	-52,557	-13,258	-41,033	-37,152	-	-	-	-	-	-	-	-	-42,525	-1,929,275	-6,144,446	-18,777	-1,561	-9,386	-191,786	-33,937	20,143	-147,946	-976,000	-46,517	-35,458	-12,701	-29,796	-13,475
Cash flows from financing activities
Proceeds from note payable
-	-	-	-	-	-	-	-	-	-	-	-	1,000,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-25,458	0	25,458	0	0	300,000	175,000	225,000	250,000	270,000	350,000
Payments on equipment loan
-	4,000	4,000	4,000	-	3,000	2,000	3,000	-	2,372	2,452	8,176	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on finance lease obligations
-	2,000	3,000	4,000	-	3,000	4,000	3,000	-	3,369	3,271	4,360	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-214,926	1,070,529	823,221	-396,252	2,096,639	1,716,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of common stock options
-213,000	793,000	416,000	185,000	-11,216,000	2,825,000	8,769,000	73,000	130,000	3,193,727	470,249	194,024	120,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received in advance of issuance of stock on warrant exercises
-	-	-	-	-	-	-	57,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of preferred stock dividends
-	-	-	-	130,000	93,000	107,000	106,000	106,000	106,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of common stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,223	-	-	55,035	24,934	3,002	0	80,592	0	0	50,458	0	0	0	0	0	0	-	-	-	-
Deferred costs paid related to potential stock issuance
-	-	-	-	-	-	-	-	-	336	436	12,828	29,400	25,000	0	66,640	20,096	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,052,635	12,127	268,767	20,017	55,035	24,934	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of common stock, net of expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	13,596,230	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
267,000	743,000	409,000	177,000	-2,148,000	22,683,000	7,592,000	18,000	19,000	3,081,953	454,787	168,660	1,090,600	-	-	-	-	-	-	-	-	3,002	0	80,592	13,596,230	0	25,000	0	25,458	0	0	300,000	175,000	225,000	250,000	270,000	350,000
Net increase (decrease) in cash and cash equivalents
-14,757,000	1,588,000	-12,207,000	1,167,000	-1,724,000	18,215,000	7,133,000	369,000	370,000	3,832,285	515,908	24,707	884,100	37,243	50,114	-343,962	-510,827	-178,282	-1,544,865	924,565	433,082	-736,299	-2,627,171	-6,937,372	12,683,327	76,986	3,082	14,682	-134,955	188,949	-147,825	84,830	53,660	-3,253	-16,028	1,048	31,886
Costs incurred for capitalized internal use software not paid as of quarter end (amounts are included in liabilities)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities
Purchase of property and equipment not yet paid
-117,000	142,000	-42,000	46,000	-	-	-	-	-	22,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs from issuance of warrants (See Note 7)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Conversion of notes payable and related party accrued interest to equity, net of unamortized deferred finance costs (See Note 1)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	14,180,193	-	-	-	-	-	-	-	-	-	-	-	-
Costs incurred for capitalized internal use software not paid as of quarter end (amounts are included in liabilities)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	334,640	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Option exercises for which cash not yet received as of quarter end
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,989	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock issued for services in prior period included in liabilities at prior year-end
-	-	-	-	0	0	0	36,000	36,000	376	0	0	35,624	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of warrant liabilities to equity upon exercise
-	-	-	-	-	-	-	-	29,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of equipment with debt
-	-	-	-	0	0	0	18,000	18,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred costs related to security issuance not yet paid as of quarter end
-	-	-	-	-	-	-	-	-	-	-	-	7,856	-	-	-	66,640	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-