10-K Filing

INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS INC CIK: 354813 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0000354813-14-000004`
Period End Date	20140430
Filing Date	20140711
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	itsi-20140430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 34 Cash Flow Statement 56 Stockholders Equity 12

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.44M	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
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`	$1.25M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $75	`AccountsReceivableNetCurrent`	$712.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $75	`AccountsReceivableNetCurrent`	$2.05M	USD	Point-in-time
Preferred shares, par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Deferred cost of revenue	`DeferredCostsCurrent`	$3.00K	USD	Point-in-time
Deferred cost of revenue	`DeferredCostsCurrent`	$132.00K	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
Inventories	`InventoryNet`	$1.40M	USD	Point-in-time
Inventories	`InventoryNet`	$3.67M	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
Deferred income taxes	`DeferredIncomeTaxesAndOtherAssetsCurrent`	$1.55M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxesAndOtherAssetsCurrent`	-	USD	Point-in-time
Preferred shares, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$217.00K	USD	Point-in-time
Preferred shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$298.00K	USD	Point-in-time
Preferred shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$12.77M	USD	Point-in-time
Common shares, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.21M	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
Equipment, furniture and fixtures, net	`PropertyPlantAndEquipmentNet`	$612.00K	USD	Point-in-time
Equipment, furniture and fixtures, net	`PropertyPlantAndEquipmentNet`	$573.00K	USD	Point-in-time
Common shares, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$53.00K	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
Common shares, shares issued (in shares)	`CommonStockSharesIssued`	12.96M	shares	Point-in-time
Total assets	`Assets`	$13.44M	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`	$16.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$397.00K	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`	$640.00K	USD	Point-in-time
Warranty reserves	`ProductWarrantyAccrual`	$188.00K	USD	Point-in-time
Warranty reserves	`ProductWarrantyAccrual`	$139.00K	USD	Point-in-time
Payable to Parent	`AccountsPayableRelatedPartiesCurrent`	$152.00K	USD	Point-in-time
Payable to Parent	`AccountsPayableRelatedPartiesCurrent`	$202.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$38.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$41.00K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$5.45M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$470.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.89M	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	$11.00K	USD	Point-in-time
Long-term liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$1.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.39M	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`	$-47.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-44.83M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$11.54M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$8.44M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$16.83M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$13.44M	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`	$21.36M	USD	Annual
Services	`SalesRevenueServicesNet`	$1.25M	USD	Annual
Services	`SalesRevenueServicesNet`	$1.34M	USD	Annual
Total Revenues	`SalesRevenueNet`	$22.70M	USD	Annual
Total Revenues	`SalesRevenueNet`	$10.57M	USD	Annual
Cost of product sales	`CostOfGoodsSold`	$6.28M	USD	Annual
Cost of product sales	`CostOfGoodsSold`	$14.30M	USD	Annual
Cost of services	`CostOfServices`	$413.00K	USD	Annual
Cost of services	`CostOfServices`	$412.00K	USD	Annual
Total cost of sales	`CostOfRevenue`	$14.71M	USD	Annual
Total cost of sales	`CostOfRevenue`	$6.70M	USD	Annual
Gross profit	`GrossProfit`	$3.88M	USD	Annual
Gross profit	`GrossProfit`	$7.99M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	-	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$139.00K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.33M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.98M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$4.87M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$1.55M	USD	Annual
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$2.00K	USD	Annual
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$1.00K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	-	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$3.00K	USD	Annual
Income before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.88M	USD	Annual
Income before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.55M	USD	Annual
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-1.55M	USD	Annual
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$1.78M	USD	Annual
Net income	`NetIncomeLoss`	$3.10M	USD	Annual
Net income	`NetIncomeLoss`	$3.10M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.24	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 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.10M	USD	Annual
Net income	`NetIncomeLoss`	$3.10M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$181.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$188.00K	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.55M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.55M	USD	Annual
Warranty reserve expense	`ProductWarrantyExpense`	$153.00K	USD	Annual
Warranty reserve expense	`ProductWarrantyExpense`	$174.00K	USD	Annual
Gain on disposal of equipment	`GainLossOnDispositionOfAssets`	$29.00K	USD	Annual
Gain on disposal of equipment	`GainLossOnDispositionOfAssets`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.26M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.34M	USD	Annual
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInUnbilledReceivables`	-	USD	Annual
Costs and estimated earnings in excess of billings on uncompleted contracts	`IncreaseDecreaseInUnbilledReceivables`	$-726.00K	USD	Annual
Deferred cost of revenues	`IncreaseDecreaseInDeferredCharges`	$126.00K	USD	Annual
Deferred cost of revenues	`IncreaseDecreaseInDeferredCharges`	$-129.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-2.27M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.14M	USD	Annual
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$64.00K	USD	Annual
Other current and noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$-85.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$1.11M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-1.78M	USD	Annual
Accrued payroll and related taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$256.00K	USD	Annual
Accrued payroll and related taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.00K	USD	Annual
Warranty reserves	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-125.00K	USD	Annual
Warranty reserves	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-183.00K	USD	Annual
Payable to Parent	`IncreaseDecreaseInDueToAffiliatesCurrent`	$-50.00K	USD	Annual
Payable to Parent	`IncreaseDecreaseInDueToAffiliatesCurrent`	$-50.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$14.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-37.00K	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$4.76M	USD	Annual
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-4.98M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.14M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.61M	USD	Annual
Purchases of certificates of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	-	USD	Annual
Purchases of certificates of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	$1.25M	USD	Annual
Proceeds from redemption of certificates of deposit	`ProceedsFromSaleOfRestrictedInvestments`	$1.25M	USD	Annual
Proceeds from redemption of certificates of deposit	`ProceedsFromSaleOfRestrictedInvestments`	$250.00K	USD	Annual
Additions to equipment, furniture and fixtures	`PaymentsToAcquirePropertyPlantAndEquipment`	$233.00K	USD	Annual
Additions to equipment, furniture and fixtures	`PaymentsToAcquirePropertyPlantAndEquipment`	$141.00K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$35.00K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	-	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.14M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.05M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.48M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.19M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.26M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$10.44M	USD	Point-in-time
Cash and cash equivalents at beginning 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 and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$10.44M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$2.78M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$287.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$48.00K	USD	Annual
Inventory transferred to equipment	`InventoryTransferredToEquipment`	$131.00K	USD	Annual
Inventory transferred to equipment	`InventoryTransferredToEquipment`	-	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.34M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.54M	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`	$3.10M	USD	Annual
Net income	`NetIncomeLoss`	$3.10M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.34M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$11.54M	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.