10-Q Filing

INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS INC CIK: 354813 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000354813-12-000010`
Period End Date	20120731
Filing Date	20120912
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	itsi-20120731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 32 Cash Flow Statement 50

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.22M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$75.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.68M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$75.00K	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	-	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$250.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $75	`AccountsReceivableNetCurrent`	$957.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $75	`AccountsReceivableNetCurrent`	$789.00K	USD	Point-in-time
Preferred shares, par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsAndEstimatedEarningsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$726.00K	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsAndEstimatedEarningsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$1.68M	USD	Point-in-time
Preferred shares, par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred shares, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20,000.00	shares	Point-in-time
Deferred cost of revenue	`DeferredCostsCurrent`	$3.00K	USD	Point-in-time
Preferred shares, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20,000.00	shares	Point-in-time
Deferred cost of revenue	`DeferredCostsCurrent`	$6.00K	USD	Point-in-time
Inventories	`InventoryNet`	$2.66M	USD	Point-in-time
Preferred shares, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$2.11M	USD	Point-in-time
Preferred shares, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$127.00K	USD	Point-in-time
Preferred shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$238.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.56M	USD	Point-in-time
Common shares, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common shares, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common shares, shares authorized (in shares)	`CommonStockSharesAuthorized`	50,000.00	shares	Point-in-time
Common shares, shares authorized (in shares)	`CommonStockSharesAuthorized`	50,000.00	shares	Point-in-time
Equipment, furniture and fixtures, net	`PropertyPlantAndEquipmentNet`	$482.00K	USD	Point-in-time
Equipment, furniture and fixtures, net	`PropertyPlantAndEquipmentNet`	$505.00K	USD	Point-in-time
Common shares, shares issued (in shares)	`CommonStockSharesIssued`	12,963.00	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$49.00K	USD	Point-in-time
Common shares, shares issued (in shares)	`CommonStockSharesIssued`	12,963.00	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$49.00K	USD	Point-in-time
Total assets	`Assets`	$7.98M	USD	Point-in-time
Common shares, shares outstanding (in shares)	`CommonStockSharesOutstanding`	12,963.00	shares	Point-in-time
Common shares, shares outstanding (in shares)	`CommonStockSharesOutstanding`	12,963.00	shares	Point-in-time
Total assets	`Assets`	$8.12M	USD	Point-in-time
Total assets	`Assets`	$6.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$271.00K	USD	Point-in-time
Accrued payroll and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$442.00K	USD	Point-in-time
Accrued payroll and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$388.00K	USD	Point-in-time
Warranty reserves	`ProductWarrantyAccrual`	$169.00K	USD	Point-in-time
Warranty reserves	`ProductWarrantyAccrual`	$174.00K	USD	Point-in-time
Payable to Parent	`AccountsPayableRelatedPartiesCurrent`	$252.00K	USD	Point-in-time
Payable to Parent	`AccountsPayableRelatedPartiesCurrent`	$252.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$63.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$38.00K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$676.00K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$687.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.85M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$7.00K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$12.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.64M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred shares, no par value; 20,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, no par value; 20,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common shares, no par value; 50,000 shares authorized; 12,963 shares issued and outstanding	`CommonStockValue`	$56.37M	USD	Point-in-time
Common shares, no par value; 50,000 shares authorized; 12,963 shares issued and outstanding	`CommonStockValue`	$56.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-50.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-51.03M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$6.26M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.34M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$8.12M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$7.98M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Sales of products	`SalesRevenueGoodsNet`	$321.00K	USD	1 Quarter
Sales of products	`SalesRevenueGoodsNet`	$3.01M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$288.00K	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$277.00K	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$609.00K	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$3.29M	USD	1 Quarter
Cost of product sales	`CostOfGoodsSold`	$1.72M	USD	1 Quarter
Cost of product sales	`CostOfGoodsSold`	$657.00K	USD	1 Quarter
Cost of services	`CostOfServices`	$75.00K	USD	1 Quarter
Cost of services	`CostOfServices`	$92.00K	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$1.79M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$749.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$-140.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$610.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$579.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$919.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-750.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$1.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	-	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-3.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$919.00K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-752.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-752.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$916.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12,963.00	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12,963.00	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-752.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$916.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$32.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$41.00K	USD	1 Quarter
Warranty reserve expense	`ProductWarrantyExpense`	$2.00K	USD	1 Quarter
Warranty reserve expense	`ProductWarrantyExpense`	$65.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$168.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-128.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInUnbilledReceivables`	$957.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInUnbilledReceivables`	$-32.00K	USD	1 Quarter
Deferred cost of revenue	`IncreaseDecreaseInDeferredCharges`	$-3.00K	USD	1 Quarter
Deferred cost of revenue	`IncreaseDecreaseInDeferredCharges`	$-38.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$471.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-550.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-111.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$101.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-799.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$401.00K	USD	1 Quarter
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	-	USD	1 Quarter
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-85.00K	USD	1 Quarter
Accrued payroll and related taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$55.00K	USD	1 Quarter
Accrued payroll and related taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$54.00K	USD	1 Quarter
Warranty reserves	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-60.00K	USD	1 Quarter
Warranty reserves	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-9.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-30.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-13.00K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-11.00K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$862.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$119.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-285.00K	USD	1 Quarter
Purchases of certificates of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	$250.00K	USD	1 Quarter
Purchases of certificates of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	-	USD	1 Quarter
Proceeds from redemption of certificates of deposit	`ProceedsFromSaleOfRestrictedInvestments`	$499.00K	USD	1 Quarter
Proceeds from redemption of certificates of deposit	`ProceedsFromSaleOfRestrictedInvestments`	$250.00K	USD	1 Quarter
Additions to equipment, furniture and fixtures	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.00K	USD	1 Quarter
Additions to equipment, furniture and fixtures	`PaymentsToAcquirePropertyPlantAndEquipment`	$64.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$186.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$225.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$344.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-99.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.88M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.78M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.68M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.78M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.68M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$25.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.