RESPONSE GENETICS INC

CIK:0001124608|SEC Filings

Organization, Operations and Basis of Accounting (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Organization, Consolidation And Presentation Of Financial Statements [Line Items]
Accumulated deficit	$ (83,014,921)	$ (78,996,541)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net loss	$ (4,018,380)us-gaap_NetIncomeLoss	$ (3,504,439)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	192,172	206,884
Amortization of loan costs and debt discounts	31,429	0
Share-based compensation	107,250us-gaap_ShareBasedCompensation	184,769us-gaap_ShareBasedCompensation
Bad debt expense	1,902,144us-gaap_ProvisionForDoubtfulAccounts	1,293,850us-gaap_ProvisionForDoubtfulAccounts
Changes in operating assets and liabilities:
Accounts receivable	(150,838)	(596,437)
Prepaid expenses and other current assets	230,690	(351,868)
Accounts payable	97,590	(310,414)
Accrued expenses and interest	(245,963)	(149,384)
Accrued royalties	(4,109)	55,334
Accrued payroll and related liabilities	(22,317)	76,693
Net cash used in operating activities	(1,880,332)	(3,095,012)
Cash flows from investing activities:
Purchases of property and equipment	(2,411)	(30,040)
Purchases of software	0us-gaap_PaymentsToDevelopSoftware	(14,519)us-gaap_PaymentsToDevelopSoftware
Net cash used in investing activities	(2,411)	(44,559)
Cash flows from financing activities:
Net proceeds from issuance of debt	1,480,514us-gaap_ProceedsFromIssuanceOfDebt	0us-gaap_ProceedsFromIssuanceOfDebt
Payment on line of credit	(34,338)us-gaap_RepaymentsOfLinesOfCredit	0us-gaap_RepaymentsOfLinesOfCredit
Capital lease payments	(23,355)	(48,044)
Proceeds from exercise of stock options	0	17,748
Net cash (used in) provided by financing activities	1,422,821	(30,296)
Effect of foreign exchange rates on cash and cash equivalents	(27,908)	(22,229)
Net decrease in cash and cash equivalents	(487,830)	(3,192,096)
Cash and cash equivalents:
Beginning of period	2,222,491	8,148,599
End of period	1,734,661	4,956,503
Cash paid during the period for:
Interest	377,479us-gaap_InterestPaid	24,221us-gaap_InterestPaid
Supplemental disclosure of non-cash financing activities:
Equipment and software acquired under capital leases	2,411us-gaap_CapitalLeaseObligationsIncurred	0us-gaap_CapitalLeaseObligationsIncurred
Revaluation of 2014 warrants issued with term debt	23,144	0
Warrants issued with new term debt	$ 148,887	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$ 1,734,661us-gaap_CashEquivalentsAtCarryingValue	$ 2,222,491us-gaap_CashEquivalentsAtCarryingValue
Accounts receivable, net of allowance for doubtful accounts of $2,071,706 and $2,226,890 at December 31, 2014 and March 31, 2015, respectively	6,059,111us-gaap_AccountsReceivableNetCurrent	7,810,417us-gaap_AccountsReceivableNetCurrent
Prepaid expenses and other current assets	962,059	1,182,748
Total current assets	8,755,831us-gaap_AssetsCurrent	11,215,656us-gaap_AssetsCurrent
Property and equipment, net	1,265,351us-gaap_PropertyPlantAndEquipmentNet	1,406,405us-gaap_PropertyPlantAndEquipmentNet
Intangible assets, net	582,441	631,149
Other assets	174,606us-gaap_OtherAssetsNoncurrent	191,874us-gaap_OtherAssetsNoncurrent
Total assets	10,778,229us-gaap_Assets	13,445,084us-gaap_Assets
Current liabilities
Accounts payable	1,707,332us-gaap_AccountsPayableCurrent	1,609,741us-gaap_AccountsPayableCurrent
Accrued expenses	418,255us-gaap_AccruedLiabilitiesCurrent	671,906us-gaap_AccruedLiabilitiesCurrent
Accrued interest	157,500us-gaap_InterestPayableCurrent	149,813us-gaap_InterestPayableCurrent
Accrued royalties	963,676us-gaap_AccruedRoyaltiesCurrent	967,785us-gaap_AccruedRoyaltiesCurrent
Accrued payroll and related liabilities	1,525,356	1,547,673
Capital lease obligation, current portion	104,984us-gaap_CapitalLeaseObligationsCurrent	100,951us-gaap_CapitalLeaseObligationsCurrent
Total current liabilities	4,877,103us-gaap_LiabilitiesCurrent	5,047,869us-gaap_LiabilitiesCurrent
Capital lease obligation, net of current portion	76,084	103,472
Line of credit, non-current	1,465,662us-gaap_LongTermLineOfCredit	1,500,000us-gaap_LongTermLineOfCredit
Loan, net of debt discount of $536,150 and $703,507 at December 31, 2014 and March 31, 2015, respectively	9,296,493us-gaap_LongTermLoansPayable	7,963,850us-gaap_LongTermLoansPayable
Total liabilities	15,715,342us-gaap_Liabilities	14,615,191us-gaap_Liabilities
Commitments, contingencies and subsequent events (Notes 5 and 11)
Stockholders’ deficit:
Common stock, $0.01 par value; 70,000,000 shares authorized; 38,795,396 shares issued and outstanding	388,010us-gaap_CommonStockValue	388,010us-gaap_CommonStockValue
Additional paid-in capital	77,977,698	77,698,416
Accumulated deficit	(83,014,921)	(78,996,541)
Accumulated other comprehensive loss	(287,900)	(259,992)
Total stockholders’ deficit	(4,937,113)us-gaap_StockholdersEquity	(1,170,107)us-gaap_StockholdersEquity
Total liabilities and stockholders’ deficit	$ 10,778,229	$ 13,445,084