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Transactions with Olympus Corporation (Tables) | 12 Months Ended
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Dec. 31, 2012
Transactions with Olympus Corporation [Abstract] |
Fair Value Assumptions | The following assumptions were employed in estimating the value of the Put:
|  | December 31, 2012 |  |  | December 31, 2011 |  |  | November 4, 2005 |
Expected volatility of Cytori |  |  | 79.40 | % |  |  | 76.07 | % |  |  | 63.20 | %
Expected volatility of the Joint Venture |  |  | 79.40 | % |  |  | 76.07 | % |  |  | 69.10 | %
Bankruptcy recovery rate for Cytori |  |  | 28.00 | % |  |  | 28.00 | % |  |  | 21.00 | %
Bankruptcy threshold for Cytori |  | $ | 12,622,000 |  |  | $ | 8,594,000 |  |  | $ | 10,780,000 |
Probability of a change of control event for Cytori |  |  | 1.54 | % |  |  | 3.33 | % |  |  | 3.04 | %
Expected correlation between fair values of Cytori and the Joint Venture in the future |  |  | 46.00 | % |  |  | 99.00 | % |  |  | 99.00 | %
Risk free interest rate |  |  | 1.78 | % |  |  | 1.89 | % |  |  | 4.66 | %
Condensed Financial Information of Joint Venture | A summary of the unaudited condensed financial information for the Joint Venture as of December 31, 2012 and 2011 and for the years ended December 31, 2012, 2011 and 2010 and reconciliation of net income (loss) of the joint venture to Cytori's equity loss from investment in joint venture is as follows:
|  | December 31, 2012 |  |  | December 31, 2011 |
|  | (Unaudited) |  |  | (Unaudited) |
Balance Sheets |  |  |  |  |  |
Assets: |  |  |  |  |  |
Cash |  | $ | 64,000 |  |  | $ | 69,000 |
Amounts due from related party |  |  | 160,000 |  |  |  | 104,000 |
Prepaid insurance |  |  | - |  |  |  | 19,000 |
Computer equipment and software, net |  |  | 566,000 |  |  |  | 797,000 |
Total assets |  | $ | 790,000 |  |  | $ | 989,000 |
Liabilities and Stockholders' Equity: |  |  |  |  |  |  |  |
Accrued expenses |  | $ | 9,000 |  |  | $ | 48,000 |
Amounts due to related party |  |  | 9,000 |  |  |  | 95,000 |
Stockholders' equity |  |  | 772,000 |  |  |  | 846,000 |
Total liabilities and stockholders' equity |  | $ | 790,000 |  |  | $ | 989,000 |
|  | Years ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Statements of Operations |  | (Unaudited) |  |  | (Unaudited) |  |  | (Unaudited) |
Product revenue |  | $ | 972,000 |  |  | $ | 90,000 |  |  | $ | 458,000 |
Cost of product revenue |  |  | 892,000 |  |  |  | 87,000 |  |  |  | 458,000 |
Gross profit |  |  | 80,000 |  |  |  | 3,000 |  |  |  | — |
Royalty revenue |  |  | 232,000 |  |  |  | 166,000 |  |  |  | 253,000 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | — |  |  |  | — |  |  |  | 14,000 |
General and administrative: |  |  |  |  |  |  |  |  |  |  |  |
Accounting and other corporate services |  |  | 96,000 |  |  |  | 164,000 |  |  |  | 88,000 |
Regulatory and quality system services |  |  | 48,000 |  |  |  | 145,000 |  |  |  | 135,000 |
Depreciation expense for tooling equipment |  |  | 231,000 |  |  |  | 230,000 |  |  |  | 130,000 |
Other |  |  | 11,000 |  |  |  | 23,000 |  |  |  | 33,000 |
Operating expenses |  |  | 386,000 |  |  |  | 562,000 |  |  |  | 400,000 |
Operating loss |  |  | (74,000 | ) |  |  | (393,000 | ) |  |  | (147,000 | )
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | — |  |  |  | — |  |  |  | 1,000 |
Net loss |  | $ | (74,000 | ) |  | $ | (393,000 | ) |  | $ | (146,000 | )
Reconciliation of net loss to equity loss from investment in joint venture |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (74,000 | ) |  | $ | (393,000 | ) |  | $ | (146,000 | )
Intercompany eliminations |  |  | 256,000 |  |  |  | 25,000 |  |  |  | 156,000 |
Net loss after intercompany eliminations |  |  | (330,000 | ) |  |  | (418,000 | ) |  |  | (302,000 | )
Cytori's percentage of interest in joint venture |  |  | 50 | % |  |  | 50 | % |  |  | 50 | %
Cytori's equity loss from investment in joint venture |  | $ | (165,000 | ) |  | $ | (209,000 | ) |  | $ | (151,000 | )

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- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of liabilities. This disclosure may include, but is not limited to, the fair value of the liability, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of condensed financial statements. + References No definition available. + Details
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