XML 58 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
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 192,172us-gaap_DepreciationDepletionAndAmortization 206,884us-gaap_DepreciationDepletionAndAmortization
Amortization of loan costs and debt discounts 31,429us-gaap_AmortizationOfFinancingCostsAndDiscounts 0us-gaap_AmortizationOfFinancingCostsAndDiscounts
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)us-gaap_IncreaseDecreaseInAccountsReceivable (596,437)us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid expenses and other current assets 230,690us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (351,868)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable 97,590us-gaap_IncreaseDecreaseInAccountsPayable (310,414)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses and interest (245,963)us-gaap_IncreaseDecreaseInAccruedLiabilities (149,384)us-gaap_IncreaseDecreaseInAccruedLiabilities
Accrued royalties (4,109)us-gaap_IncreaseDecreaseInRoyaltiesPayable 55,334us-gaap_IncreaseDecreaseInRoyaltiesPayable
Accrued payroll and related liabilities (22,317)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 76,693us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Net cash used in operating activities (1,880,332)us-gaap_NetCashProvidedByUsedInOperatingActivities (3,095,012)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Purchases of property and equipment (2,411)us-gaap_PaymentsToAcquireProductiveAssets (30,040)us-gaap_PaymentsToAcquireProductiveAssets
Purchases of software 0us-gaap_PaymentsToDevelopSoftware (14,519)us-gaap_PaymentsToDevelopSoftware
Net cash used in investing activities (2,411)us-gaap_NetCashProvidedByUsedInInvestingActivities (44,559)us-gaap_NetCashProvidedByUsedInInvestingActivities
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)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations (48,044)us-gaap_RepaymentsOfLongTermCapitalLeaseObligations
Proceeds from exercise of stock options 0us-gaap_ProceedsFromStockOptionsExercised 17,748us-gaap_ProceedsFromStockOptionsExercised
Net cash (used in) provided by financing activities 1,422,821us-gaap_NetCashProvidedByUsedInFinancingActivities (30,296)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of foreign exchange rates on cash and cash equivalents (27,908)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (22,229)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and cash equivalents (487,830)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (3,192,096)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents:    
Beginning of period 2,222,491us-gaap_CashAndCashEquivalentsAtCarryingValue 8,148,599us-gaap_CashAndCashEquivalentsAtCarryingValue
End of period 1,734,661us-gaap_CashAndCashEquivalentsAtCarryingValue 4,956,503us-gaap_CashAndCashEquivalentsAtCarryingValue
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 23,144rgdx_RevaluationOfWarrantsIssuedWithTermDebt 0rgdx_RevaluationOfWarrantsIssuedWithTermDebt
Warrants issued with new term debt $ 148,887us-gaap_DebtConversionOriginalDebtAmount1 $ 0us-gaap_DebtConversionOriginalDebtAmount1