10-Q Filing

INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS INC CIK: 354813 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0000354813-13-000003`
Period End Date	20130131
Filing Date	20130313
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	itsi-20130131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 68 Cash Flow Statement 56

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.88M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$75.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.78M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$75.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.37M	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`	$789.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $75	`AccountsReceivableNetCurrent`	$905.00K	USD	Point-in-time
Preferred shares, par value (in dollars per share)	`PreferredStockNoParValue`	-	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`	$60.00K	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsAndEstimatedEarningsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$726.00K	USD	Point-in-time
Deferred cost of revenue	`DeferredCostsCurrent`	$3.00K	USD	Point-in-time
Preferred shares, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred shares, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Deferred cost of revenue	`DeferredCostsCurrent`	$6.00K	USD	Point-in-time
Preferred shares, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$1.57M	USD	Point-in-time
Preferred shares, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$2.66M	USD	Point-in-time
Preferred shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$448.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$238.00K	USD	Point-in-time
Preferred shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common shares, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.54M	USD	Point-in-time
Common shares, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common shares, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common shares, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Equipment, furniture and fixtures, net	`PropertyPlantAndEquipmentNet`	$566.00K	USD	Point-in-time
Equipment, furniture and fixtures, net	`PropertyPlantAndEquipmentNet`	$482.00K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$49.00K	USD	Point-in-time
Common shares, shares issued (in shares)	`CommonStockSharesIssued`	12.96M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$54.00K	USD	Point-in-time
Common shares, shares issued (in shares)	`CommonStockSharesIssued`	12.96M	shares	Point-in-time
Total assets	`Assets`	$8.00M	USD	Point-in-time
Total assets	`Assets`	$7.98M	USD	Point-in-time
Common shares, shares outstanding (in shares)	`CommonStockSharesOutstanding`	12.96M	shares	Point-in-time
Common shares, shares outstanding (in shares)	`CommonStockSharesOutstanding`	12.96M	shares	Point-in-time
Total assets	`Assets`	$10.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$225.00K	USD	Point-in-time
Accrued payroll and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$482.00K	USD	Point-in-time
Accrued payroll and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$388.00K	USD	Point-in-time
Warranty reserves	`ProductWarrantyAccrual`	$107.00K	USD	Point-in-time
Warranty reserves	`ProductWarrantyAccrual`	$169.00K	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`	$42.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$63.00K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$2.41M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$687.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.63M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$12.00K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$3.52M	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`	$-51.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-49.73M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$6.64M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.34M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$10.16M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$7.98M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Sales of products	`SalesRevenueGoodsNet`	$6.05M	USD	3 Qtrs
Sales of products	`SalesRevenueGoodsNet`	$6.77M	USD	3 Qtrs
Sales of products	`SalesRevenueGoodsNet`	$1.71M	USD	1 Quarter
Sales of products	`SalesRevenueGoodsNet`	$4.03M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$449.00K	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$297.00K	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$924.00K	USD	3 Qtrs
Services	`SalesRevenueServicesNet`	$988.00K	USD	3 Qtrs
Total Revenues	`SalesRevenueNet`	$2.01M	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$4.48M	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$7.04M	USD	3 Qtrs
Total Revenues	`SalesRevenueNet`	$7.69M	USD	3 Qtrs
Cost of product sales	`CostOfGoodsSold`	$4.93M	USD	3 Qtrs
Cost of product sales	`CostOfGoodsSold`	$1.37M	USD	1 Quarter
Cost of product sales	`CostOfGoodsSold`	$2.96M	USD	1 Quarter
Cost of product sales	`CostOfGoodsSold`	$4.22M	USD	3 Qtrs
Cost of services	`CostOfServices`	$195.00K	USD	1 Quarter
Cost of services	`CostOfServices`	$146.00K	USD	1 Quarter
Cost of services	`CostOfServices`	$350.00K	USD	3 Qtrs
Cost of services	`CostOfServices`	$349.00K	USD	3 Qtrs
Total cost of sales	`CostOfRevenue`	$3.15M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$4.57M	USD	3 Qtrs
Total cost of sales	`CostOfRevenue`	$1.52M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$5.28M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.75M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.33M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.12M	USD	3 Qtrs
Gross profit	`GrossProfit`	$488.00K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$7.00K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$31.00K	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	-	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$580.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$596.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.90M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.80M	USD	3 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$725.00K	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-92.00K	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$1.32M	USD	3 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$-171.00K	USD	3 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	-	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	-	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	-	USD	3 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$2.00K	USD	3 Qtrs
Other	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-1.00K	USD	3 Qtrs
Other	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	-	USD	3 Qtrs
(Loss) income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$725.00K	USD	1 Quarter
(Loss) income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.32M	USD	3 Qtrs
(Loss) income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-92.00K	USD	1 Quarter
(Loss) income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-170.00K	USD	3 Qtrs
(Benefit of) provision for income taxes	`IncomeTaxExpenseBenefit`	$-3.00K	USD	1 Quarter
(Benefit of) provision for income taxes	`IncomeTaxExpenseBenefit`	$20.00K	USD	3 Qtrs
(Benefit of) provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
(Benefit of) provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$725.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-170.00K	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$1.30M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-89.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.96M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.96M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.96M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.96M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$725.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-170.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.30M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-89.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$133.00K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$46.00K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$102.00K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$36.00K	USD	1 Quarter
Warranty reserve expense	`ProductWarrantyExpense`	$131.00K	USD	3 Qtrs
Warranty reserve expense	`ProductWarrantyExpense`	$75.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$906.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$116.00K	USD	3 Qtrs
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInUnbilledReceivables`	$18.00K	USD	3 Qtrs
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInUnbilledReceivables`	$-666.00K	USD	3 Qtrs
Deferred cost of revenue	`IncreaseDecreaseInDeferredCharges`	$-110.00K	USD	3 Qtrs
Deferred cost of revenue	`IncreaseDecreaseInDeferredCharges`	$-3.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.80M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.09M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$96.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$215.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-845.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$843.00K	USD	3 Qtrs
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$652.00K	USD	3 Qtrs
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	-	USD	3 Qtrs
Accrued payroll and related taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$129.00K	USD	3 Qtrs
Accrued payroll and related taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$94.00K	USD	3 Qtrs
Warranty reserves	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-137.00K	USD	3 Qtrs
Warranty reserves	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-16.00K	USD	3 Qtrs
Payable to Parent	`IncreaseDecreaseInDueToAffiliatesCurrent`	$1.00K	USD	3 Qtrs
Payable to Parent	`IncreaseDecreaseInDueToAffiliatesCurrent`	-	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-23.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-33.00K	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$1.72M	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$660.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.73M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-404.00K	USD	3 Qtrs
Purchases of certificates of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	$500.00K	USD	3 Qtrs
Purchases of certificates of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	-	USD	3 Qtrs
Proceeds from redemption of certificates of deposit	`ProceedsFromSaleOfRestrictedInvestments`	$499.00K	USD	3 Qtrs
Proceeds from redemption of certificates of deposit	`ProceedsFromSaleOfRestrictedInvestments`	$250.00K	USD	3 Qtrs
Additions to equipment, furniture and fixtures	`PaymentsToAcquirePropertyPlantAndEquipment`	$106.00K	USD	3 Qtrs
Additions to equipment, furniture and fixtures	`PaymentsToAcquirePropertyPlantAndEquipment`	$217.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-107.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$33.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.77M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-511.00K	USD	3 Qtrs
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`	$6.55M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.37M	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`	$6.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.37M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$43.00K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs

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