XML 90 R1.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Document and Entity Information (USD $) In Thousands, except Share data, unless otherwise specified | 12 Months Ended |  |
--- | --- | --- | ---
Sep. 30, 2012 | Dec. 28, 2012 | Mar. 31, 2012
Document And Entity Information [Abstract] |  |  |
Document Type | 10-K |  |
Amendment Flag | true |  |
Document Period End Date | Sep. 30, 2012 |  |
Document Fiscal Year Focus | 2012 |  |
Document Fiscal Period Focus | FY |  |
Trading Symbol | BASI |  |
Entity Registrant Name | BIOANALYTICAL SYSTEMS INC |  |
Entity Central Index Key | 0000720154 |  |
Current Fiscal Year End Date | --09-30 |  |
Entity Filer Category | Smaller Reporting Company |  |
Entity Common Stock, Shares Outstanding |  | 7,638,738 |
Entity Public Float |  |  | $ 7,402
Entity Voluntary Filers | No |  |
Entity Well-known Seasoned Issuer | No |  |
Entity Current Reporting Status | Yes |  |
Amendment Description | Explanatory Note Bioanalytical Systems Inc. ("we", "us", "our", or the "Company") is filing this Amendment on Form 10-K/A (this "Amendment") to amend our Annual Report on Form 10-K for the fiscal year ended September 30, 2012, originally filed with the Securities and Exchange Commission (the "SEC") on December 31, 2012 (the "Original Filing"). The Amendment restates our consolidated financial statements and related dosclosures for the fiscal years ended September 30, 2012 and 2011. This Amendment also amends certain other Items in the Original Filing, as listed in "Items Amended in this Amendment" below, as a result of the restatements. Details of the impact of these restatements are discussed below and in Note 3 to the accompanying consolidated financial statements and in Management's Discussion and Analysis of Financial Condition and Results of Operations. Restatement Background In August 2013, we announced a delay in filing our Form 10-Q for the three and nine months ended June 30, 2013 until management resolved a complex accounting issue related to the accounting treatment for our outstanding warrants. In the same month, we announced that investors should no longer rely upon our previously issued consolidated financial statements and the related independent auditors' reports for the fiscal years ended September 30, 2012 and 2011, or the quarterly financial statements for the first two quarters of fiscal 2013, or any earnings releases relating to these periods, because of errors in such financial statements. As a result of the identification of such errors, we have undertaken a comprehensive review of our previously filed consolidated financial statements. We concluded that the warrants issued in connection with our public offering in May 2011 were incorrectly accounted for as equity and the fair value of those warrants should have been recorded as a liability. As a result, we have restated our previously reported consolidated financial statements for the years ended September 30, 2012 and 2011, as well as the condensed consolidated financial statements for the three and six months ended December 31, 2012 and March 31, 2013. Internal Control Consideration Our management has determined that there was a control deficiency in our internal control over financial reporting that constitutes a material weakness, as discussed in Part II - Item 9A of this Amendment. A material weakness is a control deficiency, or combination of control deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the annual or interim condensed consolidated financial statements will not be prevented or detected on a timely basis. For a discussion of management's consideration of our disclosure controls and procedures, internal control over financial reporting and the material weakness identified, see Part II - Item 9A included in this Amendment. Items Amended in This Amendment For the convenience of the reader, this Amendment sets forth the Original Filing, in its entirety, as modified and superseded where necessary to reflect the restatement. The following items in the Original Filing have been amended as a result of, and to reflect, the restatement:
| · | Part I - Item 1A. Risk Factors;
| · | Part II - Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations;
| · | Part II - Item 8. Financial Statements and Supplementary Data; and
| · | Part II - Item 9A. Controls and Procedures.
In accordance with applicable SEC rules, this Amendment includes new certifications required by Rule 13a-14 under the Securities and Exchange Act of 1934, as amended ("Exchange Act"), dated as of the filing date of this Amendment. We have not updated items in this Amendment to reflect events occurring after the Original Filing date, other than those associated with the restatement of our consolidated financial statements. |  |

X
- Details
Name: | basi_DocumentAndEntityInformationAbstract
Namespace Prefix: | basi_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Description of changes contained within amended document. + References No definition available. + Details
Name: | dei_AmendmentDescription
Namespace Prefix: | dei_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition If the value is true, then the document is an amendment to previously-filed/accepted document. + References No definition available. + Details
Name: | dei_AmendmentFlag
Namespace Prefix: | dei_
Data Type: | xbrli:booleanItemType
Balance Type: | na
Period Type: | duration

X
- Definition End date of current fiscal year in the format --MM-DD. + References No definition available. + Details
Name: | dei_CurrentFiscalYearEndDate
Namespace Prefix: | dei_
Data Type: | xbrli:gMonthDayItemType
Balance Type: | na
Period Type: | duration

X
- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. + References No definition available. + Details
Name: | dei_DocumentFiscalPeriodFocus
Namespace Prefix: | dei_
Data Type: | dei:fiscalPeriodItemType
Balance Type: | na
Period Type: | duration

X
- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. + References No definition available. + Details
Name: | dei_DocumentFiscalYearFocus
Namespace Prefix: | dei_
Data Type: | xbrli:gYearItemType
Balance Type: | na
Period Type: | duration

X
- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. + References No definition available. + Details
Name: | dei_DocumentPeriodEndDate
Namespace Prefix: | dei_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". + References No definition available. + Details
Name: | dei_DocumentType
Namespace Prefix: | dei_
Data Type: | dei:submissionTypeItemType
Balance Type: | na
Period Type: | duration

X
- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1 + Details
Name: | dei_EntityCentralIndexKey
Namespace Prefix: | dei_
Data Type: | dei:centralIndexKeyItemType
Balance Type: | na
Period Type: | duration

X
- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. + References No definition available. + Details
Name: | dei_EntityCommonStockSharesOutstanding
Namespace Prefix: | dei_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. + References No definition available. + Details
Name: | dei_EntityCurrentReportingStatus
Namespace Prefix: | dei_
Data Type: | dei:yesNoItemType
Balance Type: | na
Period Type: | duration

X
- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. + References No definition available. + Details
Name: | dei_EntityFilerCategory
Namespace Prefix: | dei_
Data Type: | dei:filerCategoryItemType
Balance Type: | na
Period Type: | duration

X
- Definition State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. + References No definition available. + Details
Name: | dei_EntityPublicFloat
Namespace Prefix: | dei_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1 + Details
Name: | dei_EntityRegistrantName
Namespace Prefix: | dei_
Data Type: | xbrli:normalizedStringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. + References No definition available. + Details
Name: | dei_EntityVoluntaryFilers
Namespace Prefix: | dei_
Data Type: | dei:yesNoItemType
Balance Type: | na
Period Type: | duration

X
- Definition Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. + References No definition available. + Details
Name: | dei_EntityWellKnownSeasonedIssuer
Namespace Prefix: | dei_
Data Type: | dei:yesNoItemType
Balance Type: | na
Period Type: | duration

X
- Definition Trading symbol of an instrument as listed on an exchange. + References No definition available. + Details
Name: | dei_TradingSymbol
Namespace Prefix: | dei_
Data Type: | xbrli:normalizedStringItemType
Balance Type: | na
Period Type: | duration