Delaware | 26-2940963 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |
10005 Muirlands Blvd. Suite G, Irvine, California | 92618 | |
(Address of Principal Executive Offices) | (Zip Code) |
ChromaDex
Corporation and Subsidiaries
|
||||||||
Condensed Consolidated Balance Sheets (Unaudited)
|
||||||||
June 28, 2014 and December 28, 2013
|
||||||||
June 28,
2014
|
December 28,
2013
|
|||||||
Assets
|
||||||||
Current Assets
|
||||||||
Cash
|
$ | 1,280,627 | $ | 2,261,336 | ||||
Trade receivables, less allowance for doubtful accounts and returns
|
||||||||
June 28, 2014 $25,000; December 28, 2013 $9,000
|
2,121,161 | 838,793 | ||||||
Other receivable
|
- | 215,000 | ||||||
Inventories
|
2,873,028 | 2,204,125 | ||||||
Prepaid expenses and other assets
|
307,322 | 271,445 | ||||||
Total current assets
|
6,582,138 | 5,790,699 | ||||||
Leasehold Improvements and Equipment, net
|
1,218,351 | 1,063,239 | ||||||
Other Noncurrent Assets
|
||||||||
Deposits
|
47,984 | 43,460 | ||||||
Long-term investment in affiliate
|
773,801 | 1,887,844 | ||||||
Intangible assets, net
|
255,937 | 201,650 | ||||||
Total other noncurrent assets
|
1,077,722 | 2,132,954 | ||||||
Total assets
|
$ | 8,878,211 | $ | 8,986,892 | ||||
Liabilities and Stockholders' Equity
|
||||||||
Current Liabilities
|
||||||||
Accounts payable
|
$ | 2,758,264 | $ | 1,440,910 | ||||
Accrued expenses
|
738,408 | 656,707 | ||||||
Current maturities of capital lease obligations
|
159,641 | 138,887 | ||||||
Customer deposits and other
|
263,270 | 546,044 | ||||||
Deferred rent, current
|
60,531 | 55,586 | ||||||
Total current liabilities
|
3,980,114 | 2,838,134 | ||||||
Capital lease obligations, less current maturities
|
404,081 | 280,342 | ||||||
Deferred rent, less current
|
175,496 | 202,965 | ||||||
Total liabilities
|
4,559,691 | 3,321,441 | ||||||
Commitments and contingencies
|
||||||||
Stockholders' Equity
|
||||||||
Common stock, $.001 par value; authorized 150,000,000 shares;
issued and outstanding June 28, 2014 104,715,842 and
December 28, 2013 104,524,738 shares
|
104,716 | 104,525 | ||||||
Additional paid-in capital
|
41,851,099 | 39,697,063 | ||||||
Accumulated deficit
|
(37,637,295 | ) | (34,136,137 | ) | ||||
Total stockholders' equity
|
4,318,520 | 5,665,451 | ||||||
Total liabilities and stockholders' equity
|
$ | 8,878,211 | $ | 8,986,892 |
ChromaDex
Corporation and Subsidiaries
|
||||||||
Condensed Consolidated Statements of Operations (Unaudited)
|
||||||||
For the Three Month Periods Ended June 28, 2014 and June 29, 2013
|
||||||||
June 28,
2014
|
June 29,
2013
|
|||||||
Sales, net
|
$ | 3,856,154 | $ | 2,706,896 | ||||
Cost of sales
|
2,457,388 | 1,746,158 | ||||||
Gross profit
|
1,398,766 | 960,738 | ||||||
Operating expenses:
|
||||||||
Sales and marketing
|
571,548 | 631,559 | ||||||
General and administrative
|
2,468,646 | 1,342,280 | ||||||
Operating expenses
|
3,040,194 | 1,973,839 | ||||||
Operating loss
|
(1,641,428 | ) | (1,013,101 | ) | ||||
Nonoperating income (expense):
|
||||||||
Interest income
|
305 | 296 | ||||||
Interest expense
|
(12,019 | ) | (8,061 | ) | ||||
Nonoperating expenses
|
(11,714 | ) | (7,765 | ) | ||||
Net loss
|
$ | (1,653,142 | ) | $ | (1,020,866 | ) | ||
Basic and Diluted loss per common share
|
$ | (0.02 | ) | $ | (0.01 | ) | ||
Basic and Diluted weighted average common shares outstanding
|
106,185,584 | 99,833,963 |
ChromaDex
Corporation and Subsidiaries
|
||||||||
Condensed Consolidated Statements of Operations (Unaudited)
|
||||||||
For the Six Month Periods Ended June 28, 2014 and June 29, 2013
|
||||||||
June 28,
2014
|
June 29,
2013
|
|||||||
Sales, net
|
$ | 6,930,292 | $ | 5,041,462 | ||||
Cost of sales
|
4,546,518 | 3,407,884 | ||||||
Gross profit
|
2,383,774 | 1,633,578 | ||||||
Operating expenses:
|
||||||||
Sales and marketing
|
1,036,115 | 1,360,983 | ||||||
General and administrative
|
4,806,309 | 2,702,181 | ||||||
Loss from investment in affiliate
|
21,543 | - | ||||||
Operating expenses
|
5,863,967 | 4,063,164 | ||||||
Operating loss
|
(3,480,193 | ) | (2,429,586 | ) | ||||
Nonoperating income (expense):
|
||||||||
Interest income
|
945 | 500 | ||||||
Interest expense
|
(21,910 | ) | (15,852 | ) | ||||
Nonoperating expenses
|
(20,965 | ) | (15,352 | ) | ||||
Net loss
|
$ | (3,501,158 | ) | $ | (2,444,938 | ) | ||
Basic and Diluted loss per common share
|
$ | (0.03 | ) | $ | (0.03 | ) | ||
Basic and Diluted weighted average common shares outstanding
|
106,130,972 | 97,230,043 |
Condensed Consolidated Statement of Stockholders' Equity (Unaudited)
|
||||||||||||||||||||
For the Six Month Period Ended June 28, 2014
|
||||||||||||||||||||
Common Stock
|
Additional
Paid-in
|
Accumulated
|
Total
Stockholders'
|
|||||||||||||||||
Shares
|
Amount
|
Capital
|
Deficit
|
Equity
|
||||||||||||||||
Balance, December 28, 2013
|
104,524,738 | $ | 104,525 | $ | 39,697,063 | $ | (34,136,137 | ) | $ | 5,665,451 | ||||||||||
Exercise of stock options
|
34,363 | 34 | 27,066 | - | 27,100 | |||||||||||||||
Share-based compensation
|
- | - | 949,943 | - | 949,943 | |||||||||||||||
Net loss
|
- | - | - | (1,848,016 | ) | (1,848,016 | ) | |||||||||||||
Balance, March 29, 2014
|
104,559,101 | $ | 104,559 | $ | 40,674,072 | $ | (35,984,153 | ) | $ | 4,794,478 | ||||||||||
Exercise of stock options
|
24,136 | 24 | 17,971 | - | 17,995 | |||||||||||||||
Share-based compensation
|
6,000 | 6 | 1,030,689 | - | 1,030,695 | |||||||||||||||
Stock issued to settle outstanding payable balance | 126,605 | 127 | 128,367 | - | 128,494 | |||||||||||||||
Net loss
|
- | - | - | (1,653,142 | ) | (1,653,142 | ) | |||||||||||||
Balance, June 28, 2014
|
104,715,842 | $ | 104,716 | $ | 41,851,099 | $ | (37,637,295 | ) | $ | 4,318,520 |
ChromaDex
Corporation and Subsidiaries
|
||||||||
Condensed Consolidated Statements of Cash Flows (Unaudited)
|
||||||||
For the Six Month Periods Ended June 28, 2014 and June 29, 2013
|
||||||||
June 28,
2014
|
June 29,
2013
|
|||||||
Cash Flows From Operating Activities
|
||||||||
Net loss
|
$ | (3,501,158 | ) | $ | (2,444,938 | ) | ||
Adjustments to reconcile net loss to net cash
|
||||||||
used in operating activities:
|
||||||||
Depreciation of leasehold improvements and equipment
|
106,832 | 134,325 | ||||||
Amortization of intangibles
|
15,713 | 10,621 | ||||||
Share-based compensation expense
|
2,036,269 | 728,349 | ||||||
Gain on exchange of equipment
|
(17,301 | ) | - | |||||
Loss from investment in affiliate
|
21,543 | - | ||||||
Changes in operating assets and liabilities:
|
||||||||
Trade receivables
|
(1,282,368 | ) | 770,994 | |||||
Other receivable
|
215,000 | - | ||||||
Inventories
|
(668,903 | ) | (206,824 | ) | ||||
Prepaid expenses and other assets
|
(96,032 | ) | (51,010 | ) | ||||
Accounts payable
|
1,445,848 | (907,337 | ) | |||||
Accrued expenses
|
81,701 | (150,095 | ) | |||||
Customer deposits and other
|
(282,774 | ) | 26,557 | |||||
Deferred rent
|
(22,524 | ) | 3,298 | |||||
Net cash used in operating activities
|
(1,948,154 | ) | (2,086,060 | ) | ||||
Cash Flows From Investing Activities
|
||||||||
Purchases of leasehold improvements and equipment
|
(23,370 | ) | (39,011 | ) | ||||
Purchase of intangible assets
|
(70,000 | ) | (40,000 | ) | ||||
Proceeds from sale of assets
|
- | 750,000 | ||||||
Proceeds from sale of equipment
|
1,356 | - | ||||||
Proceeds from investment in affiliate
|
1,092,500 | - | ||||||
Net cash provided by investing activities
|
1,000,486 | 670,989 | ||||||
Cash Flows From Financing Activities
|
||||||||
Proceeds from exercise of stock options
|
45,095 | 131,769 | ||||||
Proceeds from exercise of warrants
|
- | 1,638,748 | ||||||
Principal payments on capital leases
|
(78,136 | ) | (48,815 | ) | ||||
Net cash (used in) provided by financing activities
|
(33,041 | ) | 1,721,702 | |||||
Net (decrease) increase in cash
|
(980,709 | ) | 306,631 | |||||
Cash Beginning of Period
|
2,261,336 | 520,000 | ||||||
Cash Ending of Period
|
$ | 1,280,627 | $ | 826,631 | ||||
Supplemental Disclosures of Cash Flow Information
|
||||||||
Cash payments for interest
|
$ | 21,910 | $ | 15,852 | ||||
Supplemental Schedule of Noncash Investing Activity
|
||||||||
Capital lease obligation incurred for purchases of equipment
|
$ | 222,629 | $ | 171,851 | ||||
Retirement of fully depreciated equipment
|
$ | 56,110 | $ | - | ||||
Supplemental Schedule of Noncash Operating Activity | ||||||||
Stock issued to settle outstanding payable balance | $ | 128,494 | $ | - | ||||
Supplemental Schedule of Noncash Share-based Compensation
|
||||||||
Stock awards issued for services rendered in prior period
|
$ | - | $ | 14,560 | ||||
Changes in prepaid expenses associated with share-based compensation
|
$ | 55,631 | $ | 206,697 | ||||
Supplemental Schedule of Noncash Activities Related to
Sale of BluScience Consumer Product Line
|
||||||||
Assets transferred
|
$ | - | $ | 3,526,677 | ||||
Liabilities transferred
|
$ | - | $ | 368,873 | ||||
Carrying value of long-term investment in affiliate,
net of $750,000 cash proceeds and $250,000 receivable
|
$ | - | $ | 2,157,804 |
June 28, 2014
|
December 28, 2013
|
|||||||
Reference standards
|
$ | 1,707,272 | $ | 1,769,160 | ||||
Bulk ingredients
|
1,421,756 | 694,965 | ||||||
3,129,028 | 2,464,125 | |||||||
Less valuation allowance
|
256,000 | 260,000 | ||||||
$ | 2,873,028 | $ | 2,204,125 |
Three Months Ended
|
Six Months Ended
|
|||||||||||||||
June 28, 2014
|
June 29, 2013
|
June 28, 2014
|
June 29, 2013
|
|||||||||||||
Net loss
|
$ | (1,653,142 | ) | $ | (1,020,866 | ) | $ | (3,501,158 | ) | $ | (2,444,938 | ) | ||||
Basic and diluted loss per common share
|
$ | (0.02 | ) | $ | (0.01 | ) | $ | (0.03 | ) | $ | (0.03 | ) | ||||
Weighted average common shares outstanding
(1)
:
|
106,185,584 | 99,833,963 | 106,130,972 | 97,230,043 | ||||||||||||
Potentially dilutive securities:
|
||||||||||||||||
Stock options
(2)
|
14,686,002 | 13,422,152 | 14,686,002 | 13,422,152 | ||||||||||||
Warrants
(2)
|
- | 939,047 | - | 939,047 |
(1) Includes 1,680,000 nonvested restricted stock as these restricted stock are participating securities
and have voting and dividend rights.
|
||||||
(2) The impact of stock options and warrants on earnings per share is antidilutive in a period of loss.
|
December 31,
2013
|
||||||||
Sales
|
$ | 60,575 | ||||||
Gross profit
|
33,619 | |||||||
Net loss
|
$ | (435,208 | ) | |||||
Changes in Carrying Value and Ownership Percentage for ChromaDex Corporation
|
||||||||
Carrying
Value
|
Ownership
Percentage
|
|||||||
At December 28, 2013
|
$ | 1,887,844 | 4.9 | % | ||||
Company's share of NeutriSci's loss f
or the three-month period ended December 31, 2013;
previously not recognized due to a three-month lag
|
(21,543 | ) | - | |||||
Proceeds from assignment of the Senior Note
|
(1,092,500 | ) | - | |||||
At December 30, 2013
|
$ | 773,801 | 4.9 | % |
June 28,
2014
|
December 28, 2013
|
|||||||
Laboratory equipment
|
$ | 3,021,510 | $ | 2,782,364 | ||||
Leasehold improvements
|
495,240 | 491,125 | ||||||
Computer equipment
|
328,216 | 372,851 | ||||||
Furniture and fixtures
|
13,039 | 18,313 | ||||||
Office equipment
|
7,877 | 7,877 | ||||||
Construction in progress
|
37,702 | 40,126 | ||||||
3,903,584 | 3,712,656 | |||||||
Less accumulated depreciation
|
2,685,233 | 2,649,417 | ||||||
$ | 1,218,351 | $ | 1,063,239 |
Six Months Ended June 28, 2014
|
||||
Expected volatility
|
72.82 | % | ||
Expected dividends
|
0.00 | % | ||
Expected term
|
5.7 years
|
|||
Risk-free rate
|
1.85 | % |
Weighted Average
|
||||||||||||||||
Remaining
|
Aggregate
|
|||||||||||||||
Number of
|
Exercise
|
Contractual
|
Intrinsic
|
|||||||||||||
Shares
|
Price
|
Term
|
Value
|
|||||||||||||
Outstanding at December 28, 2013
|
12,113,655 | $ | 1.06 | 7.43 | ||||||||||||
Options Granted
|
1,948,987 | 1.38 | 10.00 | |||||||||||||
Options Classification from Employee
to Non-Employee
|
(113,151 | ) | 0.76 | |||||||||||||
Options Exercised
|
(58,499 | ) | 0.77 | |||||||||||||
Options Expired
|
(253,900 | ) | 1.00 | |||||||||||||
Options Forfeited
|
(111,541 | ) | 1.10 | |||||||||||||
Outstanding at June 28, 2014
|
13,525,551 | $ | 1.11 | 7.48 | $ | 3,582,000 | ||||||||||
Exercisable at June 28, 2014
|
8,833,463 | $ | 1.13 | 6.69 | $ | 2,354,000 |
Weighted Average
|
||||||||
Award-Date
|
||||||||
Shares
|
Fair Value
|
|||||||
Unvested shares at December 28, 2013
|
500,000 | $ | 0.69 | |||||
Granted
|
1,090,000 | 1.41 | ||||||
Vested
|
- | - | ||||||
Forfeited
|
- | - | ||||||
Unvested shares at June 28, 2014
|
1,590,000 | $ | 1.18 | |||||
Expected to Vest as of June 28, 2014
|
1,590,000 | $ | 1.18 |
Weighted Average
|
||||||||||||||||
Remaining
|
Aggregate
|
|||||||||||||||
Number of
|
Exercise
|
Contractual
|
Intrinsic
|
|||||||||||||
Shares
|
Price
|
Term
|
Value
|
|||||||||||||
Outstanding at December 28, 2013
|
847,300 | $ | 1.44 | 5.74 | ||||||||||||
Options Granted
|
- | - | ||||||||||||||
Options Classification from Employee
to Non-Employee
|
113,151 | 0.76 | ||||||||||||||
Options Exercised
|
- | - | ||||||||||||||
Options Forfeited
|
- | - | ||||||||||||||
Outstanding at June 28, 2014
|
960,451 | $ | 1.36 | 5.58 | $ | 109,000 | ||||||||||
Exercisable at June 28, 2014
|
960,451 | $ | 1.36 | 5.58 | $ | 109,000 |
Weighted Average
|
||||||||
Shares
|
Fair Value
|
|||||||
Unvested shares at December 28, 2013
|
- | $ | - | |||||
Granted
|
96,000 | 1.30 | ||||||
Vested
|
(6,000 | ) | 1.30 | |||||
Forfeited
|
- | - | ||||||
Unvested shares expected to vest at June 28, 2014
|
90,000 | $ | 1.30 |
·
|
Core standards, and contract services segment includes supply of phytochemical reference standards, which are small quantities of plant-based compounds typically used to research an array of potential attributes, reference materials, and related contract services.
|
·
|
Ingredients segment develops and commercializes proprietary-based ingredient technologies and supplies these ingredients to the manufacturers of consumer products in various industries including the nutritional supplement, food and beverage and animal health industries.
|
·
|
Scientific and regulatory consulting segment which consist of providing scientific and regulatory consulting to the clients in the food, supplement and pharmaceutical industries to manage potential health and regulatory risks.
|
Core Standards
|
Scientific and
|
|||||||||||||||||||
Three months ended
|
and Contract Services
|
Ingredients
|
Regulatory Consulting
|
|||||||||||||||||
June 28, 2014 |
segment
|
segment
|
segment
|
Other
|
Total
|
|||||||||||||||
Net sales
|
$ | 1,856,950 | $ | 1,721,872 | $ | 277,332 | $ | - | $ | 3,856,154 | ||||||||||
Cost of sales
|
1,295,530 | 1,043,538 | 118,320 | - | 2,457,388 | |||||||||||||||
Gross profit
|
561,420 | 678,334 | 159,012 | - | 1,398,766 | |||||||||||||||
Operating expenses:
|
||||||||||||||||||||
Sales and marketing
|
221,797 | 310,386 | 39,365 | - | 571,548 | |||||||||||||||
General and administrative
|
- | - | - | 2,468,646 | 2,468,646 | |||||||||||||||
Loss from investment in affiliate
|
- | - | - | - | - | |||||||||||||||
Operating expenses
|
221,797 | 310,386 | 39,365 | 2,468,646 | 3,040,194 | |||||||||||||||
Operating income (loss)
|
$ | 339,623 | $ | 367,948 | $ | 119,647 | $ | (2,468,646 | ) | $ | (1,641,428 | ) |
Core Standards
|
Scientific and
|
|||||||||||||||||||
Three months ended
|
and Contract Services
|
Ingredients
|
Regulatory Consulting
|
|||||||||||||||||
June 29, 2013 |
segment
|
segment
|
segment
|
Other
|
Total
|
|||||||||||||||
Net sales
|
$ | 1,830,197 | $ | 674,175 | $ | 202,524 | $ | - | $ | 2,706,896 | ||||||||||
Cost of sales
|
1,200,670 | 413,743 | 131,745 | - | 1,746,158 | |||||||||||||||
Gross profit
|
629,527 | 260,432 | 70,779 | - | 960,738 | |||||||||||||||
Operating expenses:
|
||||||||||||||||||||
Sales and marketing
|
407,911 | 222,536 | 1,112 | - | 631,559 | |||||||||||||||
General and administrative
|
- | - | - | 1,342,280 | 1,342,280 | |||||||||||||||
Operating expenses
|
407,911 | 222,536 | 1,112 | 1,342,280 | 1,973,839 | |||||||||||||||
Operating income (loss)
|
$ | 221,616 | $ | 37,896 | $ | 69,667 | $ | (1,342,280 | ) | $ | (1,013,101 | ) |
Core Standards
|
Scientific and
|
|||||||||||||||||||
Six months ended
|
and Contract Services
|
Ingredients
|
Regulatory Consulting
|
|||||||||||||||||
June 28, 2014 |
segment
|
segment
|
segment
|
Other
|
Total
|
|||||||||||||||
Net sales
|
$ | 3,592,833 | $ | 2,858,181 | $ | 479,278 | $ | - | $ | 6,930,292 | ||||||||||
Cost of sales
|
2,489,165 | 1,761,715 | 295,638 | - | 4,546,518 | |||||||||||||||
Gross profit
|
1,103,668 | 1,096,466 | 183,640 | - | 2,383,774 | |||||||||||||||
Operating expenses:
|
||||||||||||||||||||
Sales and marketing
|
434,572 | 550,346 | 51,197 | - | 1,036,115 | |||||||||||||||
General and administrative
|
- | - | - | 4,806,309 | 4,806,309 | |||||||||||||||
Loss from investment in affiliate
|
- | - | - | 21,543 | 21,543 | |||||||||||||||
Operating expenses
|
434,572 | 550,346 | 51,197 | 4,827,852 | 5,863,967 | |||||||||||||||
Operating income (loss)
|
$ | 669,096 | $ | 546,120 | $ | 132,443 | $ | (4,827,852 | ) | $ | (3,480,193 | ) |
Core Standards
|
Scientific and
|
|||||||||||||||||||
Six months ended
|
and Contract Services
|
Ingredients
|
Regulatory Consulting
|
|||||||||||||||||
June 29, 2013 |
segment
|
segment
|
segment
|
Other
|
Total
|
|||||||||||||||
Net sales
|
$ | 3,403,758 | $ | 1,252,128 | $ | 445,862 | $ | (60,285 | ) | $ | 5,041,462 | |||||||||
Cost of sales
|
2,352,210 | 776,186 | 278,533 | 955 | 3,407,884 | |||||||||||||||
Gross profit (loss)
|
1,051,547 | 475,942 | 167,329 | (61,240 | ) | 1,633,578 | ||||||||||||||
Operating expenses:
|
||||||||||||||||||||
Sales and marketing
|
792,854 | 434,370 | 2,600 | 131,159 | 1,360,983 | |||||||||||||||
General and administrative
|
- | - | - | 2,702,181 | 2,702,181 | |||||||||||||||
Operating expenses
|
792,854 | 434,370 | 2,600 | 2,833,340 | 4,063,164 | |||||||||||||||
Operating income (loss)
|
$ | 258,693 | $ | 41,572 | $ | 164,729 | $ | (2,894,580 | ) | $ | (2,429,586 | ) | ||||||||
Core Standards
|
Scientific and
|
|||||||||||||||||||
and Contract Services
|
Ingredients
|
Regulatory Consulting
|
||||||||||||||||||
At June 28, 2014 |
segment
|
segment
|
segment
|
Other
|
Total
|
|||||||||||||||
Total assets
|
$ | 3,216,680 | $ | 3,019,217 | $ | 171,262 | $ | 2,471,052 | $ | 8,878,211 |
Core Standards
|
Scientific and
|
|||||||||||||||||||
and Contract Services
|
Ingredients
|
Regulatory Consulting
|
||||||||||||||||||
At December 28, 2013 |
segment
|
segment
|
segment
|
Other
|
Total
|
|||||||||||||||
Total assets
|
$ | 2,952,270 | $ | 1,083,856 | $ | 139,765 | $ | 4,811,001 | $ | 8,986,892 |
·
|
82,000 shares of common stock to a vendor in full satisfaction of $76,306 in outstanding fees and prepayment of 6 months of $3,000 per month monthly retainer fees
|
·
|
96,000 shares of common stock to a vendor, of which 90,000 remain unvested as of June 28, 2014
|
·
|
options to purchase 350,000 shares of common stock at an exercise price of $1.25 per share to executive officers, which vest 25% one year from the date of grant with the remainder vesting in 36 equal monthly installments thereafter
|
·
|
options to purchase 615,000 shares of common stock at an exercise price of $1.25 per share to directors that shall vest in 12 equal monthly installments from the date of grant
|
Exhibit No . | Description of Exhibits | |
10.1
|
Exclusive License Agreement, effective as of May 16, 2014 between Dartmouth College and ChromaDex, Inc.
(1)
|
|
31.1
|
Certification of the Chief Executive Officer pursuant to §240.13a−14 or §240.15d−14 of the Securities Exchange Act of 1934, as amended
|
|
31.2
|
Certification of the Chief Financial Officer pursuant to §240.13a−14 or §240.15d−14 of the Securities Exchange Act of 1934, as amended
|
|
32.1
|
Certification pursuant to 18 U.S.C. Section 1350 (as adopted pursuant to Section 906 of the Sarbanes−Oxley Act of 2002)
|
(1)
|
A redacted version of this Exhibit is filed herewith. An un-redacted version of this Exhibit has been separately filed with the Commission pursuant to an application for confidential treatment. The confidential portions of the Exhibit have been omitted and are marked by an asterisk.
|
ChromaDex Corporation | ||
(Registrant) | ||
Date: August 12, 2014 | /s/ THOMAS C. VARVARO | |
Thomas C. Varvaro | ||
Duly Authorized Officer and Chief Financial Officer |
(a)
|
all trade, case and quantity credits, discounts, refunds or rebates;
|
(d)
|
import and export duties actually paid; and
|
(e)
|
outbound freight, transport, and transit insurance charges actually paid or allowed.
|
THE TRUSTEES OF DARTMOUTH COLLEGE | |
By:
/s/ Alla Kan
|
|
Date: May 16, 2014 | |
Name: Alla Kan | |
Title: Director, Technology Transfer Office | |
CHROMADEX, INC. | |
By: /s/ Frank Jaksch | |
Date: June 2, 2014 | |
Name: Frank Jaksch | |
Title: Chief Executive Officer |