10-K Filing

INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS INC CIK: 354813 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0000354813-13-000011`
Period End Date	20130430
Filing Date	20130709
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	itsi-20130430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 34 Cash Flow Statement 58 Stockholders Equity 12

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`	$7.26M	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$250.00K	USD	Point-in-time
Certificates of deposit	`CertificatesOfDepositAtCarryingValue`	$1.25M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $75	`AccountsReceivableNetCurrent`	$2.05M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $75	`AccountsReceivableNetCurrent`	$789.00K	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`	-	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
Preferred shares, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Deferred cost of revenue	`DeferredCostsCurrent`	$6.00K	USD	Point-in-time
Deferred cost of revenue	`DeferredCostsCurrent`	$132.00K	USD	Point-in-time
Preferred shares, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred shares, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred shares, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$3.67M	USD	Point-in-time
Inventories	`InventoryNet`	$2.66M	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
Deferred income taxes	`DeferredIncomeTaxesAndOtherAssetsCurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxesAndOtherAssetsCurrent`	$1.55M	USD	Point-in-time
Common shares, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$238.00K	USD	Point-in-time
Common shares, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$298.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.21M	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
Total current assets	`AssetsCurrent`	$7.45M	USD	Point-in-time
Common shares, shares issued (in shares)	`CommonStockSharesIssued`	12.96M	shares	Point-in-time
Equipment, furniture and fixtures, net	`PropertyPlantAndEquipmentNet`	$482.00K	USD	Point-in-time
Common shares, shares issued (in shares)	`CommonStockSharesIssued`	12.96M	shares	Point-in-time
Equipment, furniture and fixtures, net	`PropertyPlantAndEquipmentNet`	$573.00K	USD	Point-in-time
Common shares, shares outstanding (in shares)	`CommonStockSharesOutstanding`	12.96M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$53.00K	USD	Point-in-time
Common shares, shares outstanding (in shares)	`CommonStockSharesOutstanding`	12.96M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$49.00K	USD	Point-in-time
Total assets	`Assets`	$7.98M	USD	Point-in-time
Total assets	`Assets`	$16.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.18M	USD	Point-in-time
Accrued payroll and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$384.00K	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`	$139.00K	USD	Point-in-time
Payable to Parent	`AccountsPayableRelatedPartiesCurrent`	$202.00K	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`	$5.45M	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`	$8.39M	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`	$8.39M	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`	$-47.93M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.34M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$8.44M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$7.98M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$16.83M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Sales of products	`SalesRevenueGoodsNet`	$9.32M	USD	Annual
Sales of products	`SalesRevenueGoodsNet`	$10.74M	USD	Annual
Services	`SalesRevenueServicesNet`	$1.25M	USD	Annual
Services	`SalesRevenueServicesNet`	$1.35M	USD	Annual
Total Revenues	`SalesRevenueNet`	$12.08M	USD	Annual
Total Revenues	`SalesRevenueNet`	$10.57M	USD	Annual
Cost of product sales	`CostOfGoodsSold`	$6.28M	USD	Annual
Cost of product sales	`CostOfGoodsSold`	$7.79M	USD	Annual
Cost of services	`CostOfServices`	$511.00K	USD	Annual
Cost of services	`CostOfServices`	$413.00K	USD	Annual
Total cost of sales	`CostOfRevenue`	$6.70M	USD	Annual
Total cost of sales	`CostOfRevenue`	$8.30M	USD	Annual
Gross profit	`GrossProfit`	$3.88M	USD	Annual
Gross profit	`GrossProfit`	$3.78M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	-	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$31.00K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.50M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.33M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.25M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.55M	USD	Annual
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$1.00K	USD	Annual
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$2.00K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$4.00K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	-	USD	Annual
Income before (benefit) provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.26M	USD	Annual
Income before (benefit) provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.55M	USD	Annual
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$-1.55M	USD	Annual
(Benefit) provision for income taxes	`IncomeTaxExpenseBenefit`	$25.00K	USD	Annual
Net income	`NetIncomeLoss`	$1.23M	USD	Annual
Net income	`NetIncomeLoss`	$3.10M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.24	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.96M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.96M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.23M	USD	Annual
Net income	`NetIncomeLoss`	$3.10M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$181.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$141.00K	USD	Annual
Inventory obsolescence reserve	`InventoryWriteDown`	$334.00K	USD	Annual
Inventory obsolescence reserve	`InventoryWriteDown`	-	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.55M	USD	Annual
Warranty reserve expense	`ProductWarrantyExpense`	$159.00K	USD	Annual
Warranty reserve expense	`ProductWarrantyExpense`	$153.00K	USD	Annual
Impairment charge for patent write-off	`ImpairmentOfIntangibleAssetsFinitelived`	$16.00K	USD	Annual
Impairment charge for patent write-off	`ImpairmentOfIntangibleAssetsFinitelived`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.26M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$586.00K	USD	Annual
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInUnbilledReceivables`	$-726.00K	USD	Annual
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInUnbilledReceivables`	$694.00K	USD	Annual
Deferred cost of revenues	`IncreaseDecreaseInDeferredCharges`	$-107.00K	USD	Annual
Deferred cost of revenues	`IncreaseDecreaseInDeferredCharges`	$126.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$2.56M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.14M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$106.00K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$64.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.11M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$918.00K	USD	Annual
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	-	USD	Annual
Billings in excess of costs and estimated earnings on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-231.00K	USD	Annual
Accrued payroll and related taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.00K	USD	Annual
Accrued payroll and related taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$62.00K	USD	Annual
Warranty reserves	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-183.00K	USD	Annual
Warranty reserves	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-21.00K	USD	Annual
Payable to Parent	`IncreaseDecreaseInDueToAffiliatesCurrent`	$-50.00K	USD	Annual
Payable to Parent	`IncreaseDecreaseInDueToAffiliatesCurrent`	$1.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-37.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-4.00K	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$72.00K	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$4.76M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.61M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.16M	USD	Annual
Purchases of certificates of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	$1.25M	USD	Annual
Purchases of certificates of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	$500.00K	USD	Annual
Proceeds from redemption of certificates of deposit	`ProceedsFromSaleOfRestrictedInvestments`	$749.00K	USD	Annual
Proceeds from redemption of certificates of deposit	`ProceedsFromSaleOfRestrictedInvestments`	$250.00K	USD	Annual
Additions to equipment, furniture and fixtures	`PaymentsToAcquirePropertyPlantAndEquipment`	$191.00K	USD	Annual
Additions to equipment, furniture and fixtures	`PaymentsToAcquirePropertyPlantAndEquipment`	$141.00K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$58.00K	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.14M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.48M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.10M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.88M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.78M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.26M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.88M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$2.78M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$7.26M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$48.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Inventory transferred to equipment	`InventoryTransferredToEquipment`	-	USD	Annual
Inventory transferred to equipment	`InventoryTransferredToEquipment`	$131.00K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.11M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.34M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	12.96M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	12.96M	shares	Point-in-time
Net income	`NetIncomeLoss`	$1.23M	USD	Annual
Net income	`NetIncomeLoss`	$3.10M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.11M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.34M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	12.96M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	12.96M	shares	Point-in-time

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