10-Q Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001185185-11-001975`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	erms-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 66 Cash Flow Statement 48 Comprehensive Income 4

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.56K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$18.24K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$40.53K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$23.98K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.30M	USD	Point-in-time
Accumulated amortization (in Dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$3.38K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.25M	USD	Point-in-time
Accumulated amortization (in Dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$5.06K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investment in equity securities available for sale	`AvailableForSaleSecuritiesEquitySecuritiesCurrent`	$2.83K	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investment in equity securities available for sale	`AvailableForSaleSecuritiesEquitySecuritiesCurrent`	$42.50K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Investment in real property tax liens	`OtherShortTermInvestments`	$29.35K	USD	Point-in-time
Investment in real property tax liens	`OtherShortTermInvestments`	$60.30K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $8,560 at September 30, 2011 and $18,240 at December 31, 2010	`AccountsReceivableNetCurrent`	$48.51K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $8,560 at September 30, 2011 and $18,240 at December 31, 2010	`AccountsReceivableNetCurrent`	$103.80K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$147.07K	USD	Point-in-time
Inventory	`InventoryNet`	$109.16K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Advance to supplier	`AdvancesOnInventoryPurchases`	$48.68K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Note receivable	`NotesAndLoansReceivableNetCurrent`	$522.68K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.04K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$17.95K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.91M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.98M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.98M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.46M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.08M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.91M	shares	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$525.07K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $40,533 at September 30, 2011 and $23,975 at December 31, 2010	`PropertyPlantAndEquipmentNet`	$128.11K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $40,533 at September 30, 2011 and $23,975 at December 31, 2010	`PropertyPlantAndEquipmentNet`	$120.71K	USD	Point-in-time
INTANGIBLE ASSETS, net of accumulated amortization of $5,064 at September 30, 2011 and $3,376 at December 31, 2010	`IntangibleAssetsNetExcludingGoodwill`	$1.69K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$2.25K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$2.25K	USD	Point-in-time
Total Assets	`Assets`	$3.11M	USD	Point-in-time
Total Assets	`Assets`	$3.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.61K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.40K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$45.07K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$81.01K	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$2.00K	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$2.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$104.41K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$68.69K	USD	Point-in-time
Total Liabilities	`Liabilities`	$68.69K	USD	Point-in-time
Total Liabilities	`Liabilities`	$104.41K	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized; none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 5,000,000 shares authorized; none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; shares outstanding 23,982,865 at September 30, 2011 and 23,907,865 at December 31, 2010	`CommonStockValue`	$23.98K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; shares outstanding 23,982,865 at September 30, 2011 and 23,907,865 at December 31, 2010	`CommonStockValue`	$23.91K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.13M	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$42.50K	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.83K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.04M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.10M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.11M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.20M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$126.81K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$421.99K	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$623.36K	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$213.37K	USD	1 Quarter
Maintenance fees	`LicenseAndMaintenanceRevenue`	$148.24K	USD	3 Qtrs
Maintenance fees	`LicenseAndMaintenanceRevenue`	$48.69K	USD	1 Quarter
Maintenance fees	`LicenseAndMaintenanceRevenue`	$39.82K	USD	1 Quarter
Maintenance fees	`LicenseAndMaintenanceRevenue`	$127.68K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterestAndDividend`	$8.52K	USD	1 Quarter
Interest income	`InvestmentIncomeInterestAndDividend`	$85.26K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterestAndDividend`	$64.36K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterestAndDividend`	$32.21K	USD	1 Quarter
Loss on other than temporary decline in marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-50.00K	USD	3 Qtrs
Total Revenue	`Revenues`	$614.03K	USD	3 Qtrs
Total Revenue	`Revenues`	$294.26K	USD	1 Quarter
Total Revenue	`Revenues`	$806.85K	USD	3 Qtrs
Total Revenue	`Revenues`	$175.14K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$66.26K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$230.12K	USD	3 Qtrs
Product sales	`CostOfGoodsSold`	$138.23K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$390.00K	USD	3 Qtrs
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$4.76K	USD	1 Quarter
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$15.82K	USD	3 Qtrs
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$8.30K	USD	1 Quarter
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$27.89K	USD	3 Qtrs
Total Cost of Revenue	`CostOfRevenue`	$74.56K	USD	1 Quarter
Total Cost of Revenue	`CostOfRevenue`	$417.89K	USD	3 Qtrs
Total Cost of Revenue	`CostOfRevenue`	$245.94K	USD	3 Qtrs
Total Cost of Revenue	`CostOfRevenue`	$142.99K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$151.28K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$100.58K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$368.10K	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$388.96K	USD	3 Qtrs
Selling, general and administrative expense, including non-cash compensation of $0, $0, $10,500 and $12,351, respectively	`SellingGeneralAndAdministrativeExpense`	$322.51K	USD	3 Qtrs
Selling, general and administrative expense, including non-cash compensation of $0, $0, $10,500 and $12,351, respectively	`SellingGeneralAndAdministrativeExpense`	$320.52K	USD	3 Qtrs
Selling, general and administrative expense, including non-cash compensation of $0, $0, $10,500 and $12,351, respectively	`SellingGeneralAndAdministrativeExpense`	$101.01K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $0, $0, $10,500 and $12,351, respectively	`SellingGeneralAndAdministrativeExpense`	$84.16K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$69.63K	USD	3 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$22.39K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$21.43K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$54.45K	USD	3 Qtrs
Net Operating Expenses	`OperatingExpenses`	$123.40K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$392.14K	USD	3 Qtrs
Net Operating Expenses	`OperatingExpenses`	$105.58K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$374.97K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-22.82K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-24.04K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$45.69K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$13.99K	USD	3 Qtrs
Unrealized gain (loss) on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-11.33K	USD	1 Quarter
Unrealized gain (loss) on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$34.00K	USD	3 Qtrs
Unrealized gain (loss) on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-51.00K	USD	1 Quarter
Unrealized gain (loss) on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-39.67K	USD	3 Qtrs
Reclassification adjustment for losses included in operations	`OtherComprehensiveIncomeReclassificationAdjustmentForWriteDownOfSecuritiesIncludedInNetIncomeNetOfTax`	$-50.00K	USD	3 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$97.99K	USD	3 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-5.31K	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-63.71K	USD	3 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-34.16K	USD	1 Quarter
Basic Loss Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Loss Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	3 Qtrs
Basic Loss Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Loss Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	3 Qtrs
Diluted Loss Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Diluted Loss Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted Loss Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Diluted Loss Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-22.82K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-24.04K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$45.69K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$13.99K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.07K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.31K	USD	3 Qtrs
Loss for other than temporary decline in marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-50.00K	USD	3 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$10.50K	USD	3 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$12.35K	USD	3 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.11K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$55.29K	USD	3 Qtrs
Accrued interest receivable	`IncreaseDecreaseInOtherReceivables`	$-2.38K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$880.00	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$16.44K	USD	3 Qtrs
Advance to supplier	`IncreaseDecreaseInDepositOtherAssets`	$3.73K	USD	3 Qtrs
Advance to supplier	`IncreaseDecreaseInDepositOtherAssets`	$48.68K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-12.91K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-43.52K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$212.00	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.49K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-43.56K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-35.94K	USD	3 Qtrs
Net Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$72.92K	USD	3 Qtrs
Net Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$14.81K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$87.87K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.31K	USD	3 Qtrs
Purchase of investments in real property tax liens	`PaymentsToAcquireInvestments`	$3.00K	USD	3 Qtrs
Purchase of investments in real property tax liens	`PaymentsToAcquireInvestments`	$115.74K	USD	3 Qtrs
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$40.29K	USD	3 Qtrs
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$33.95K	USD	3 Qtrs
Purchase of short-term investment	`PaymentsToAcquireShortTermInvestments`	$104.59K	USD	3 Qtrs
Change in long-term deposits and restricted funds	`IncreaseDecreaseInRestrictedCash`	$-2.70K	USD	3 Qtrs
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-265.21K	USD	3 Qtrs
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$29.63K	USD	3 Qtrs
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$102.55K	USD	3 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-250.40K	USD	3 Qtrs
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.30M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.25M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.05M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.30M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.25M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.05M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$10.50K	USD	3 Qtrs
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$12.35K	USD	3 Qtrs
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	-	USD	1 Quarter

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