10-K Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001185185-12-000476`
Period End Date	20111231
Filing Date	20120326
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	erms-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 34 Cash Flow Statement 42 Stockholders Equity 12 Comprehensive Income 2

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$18.24K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.26K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$47.27K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$23.98K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	USD	Point-in-time
Accumulated amortization (in Dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$3.38K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.30M	USD	Point-in-time
Accumulated amortization (in Dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$5.06K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Investment in equity securities available for sale	`AvailableForSaleSecuritiesEquitySecuritiesCurrent`	$1.70K	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 par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investment in real property tax liens	`OtherShortTermInvestments`	$60.30K	USD	Point-in-time
Investment in real property tax liens	`OtherShortTermInvestments`	$29.03K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $10,260 at December 31, 2011 and $18,240 at December 31, 2010	`AccountsReceivableNetCurrent`	$58.14K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $10,260 at December 31, 2011 and $18,240 at December 31, 2010	`AccountsReceivableNetCurrent`	$103.80K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$147.07K	USD	Point-in-time
Inventory	`InventoryNet`	$170.42K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Note Receivable	`NotesAndLoansReceivableNetCurrent`	$522.68K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.86K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.98M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.04K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.91M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.08M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.98M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.91M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.46M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $47,267 at December 31, 2011 and $23,975 at December 31, 2010	`PropertyPlantAndEquipmentNet`	$132.84K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $47,267 at December 31, 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 December 31, 2011 and $3,376 at December 31, 2010	`IntangibleAssetsNetExcludingGoodwill`	$1.69K	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$500.00K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$2.25K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$3.18K	USD	Point-in-time
Total Assets	`Assets`	$3.20M	USD	Point-in-time
Total Assets	`Assets`	$3.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.50K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.40K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$81.01K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$100.38K	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`	$117.88K	USD	Point-in-time
Total Liabilities	`Liabilities`	$117.88K	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 23,982,865 at December 31, 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 23,982,865 at December 31, 2011 and 23,907,865 at December 31, 2010	`CommonStockValue`	$23.91K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.22M	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$42.50K	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.70K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.10M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.98M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.09M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.20M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$569.17K	USD	Annual
Product sales	`SalesRevenueGoodsNet`	$873.61K	USD	Annual
Maintenance fees	`LicenseAndMaintenanceRevenue`	$195.35K	USD	Annual
Maintenance fees	`LicenseAndMaintenanceRevenue`	$163.70K	USD	Annual
Interest income	`InvestmentIncomeInterestAndDividend`	$68.55K	USD	Annual
Interest income	`InvestmentIncomeInterestAndDividend`	$116.77K	USD	Annual
Loss on other than temporary decline in marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-50.00K	USD	Annual
Total Revenue and Investment Income (Losses)	`Revenues`	$1.14M	USD	Annual
Total Revenue and Investment Income (Losses)	`Revenues`	$801.42K	USD	Annual
Product sales	`CostOfGoodsSold`	$287.92K	USD	Annual
Product sales	`CostOfGoodsSold`	$513.35K	USD	Annual
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$19.24K	USD	Annual
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$31.89K	USD	Annual
Total Cost of Revenue	`CostOfRevenue`	$545.23K	USD	Annual
Total Cost of Revenue	`CostOfRevenue`	$307.16K	USD	Annual
Selling, general and administrative expense, including non-cash compensation of $10,500 and $14,958, respectively	`SellingGeneralAndAdministrativeExpense`	$486.56K	USD	Annual
Selling, general and administrative expense, including non-cash compensation of $10,500 and $14,958, respectively	`SellingGeneralAndAdministrativeExpense`	$494.37K	USD	Annual
Research and development expense	`ResearchAndDevelopmentExpense`	$77.77K	USD	Annual
Research and development expense	`ResearchAndDevelopmentExpense`	$96.74K	USD	Annual
Net Operating Expenses	`OperatingExpenses`	$583.30K	USD	Annual
Net Operating Expenses	`OperatingExpenses`	$572.14K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$18.34K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-89.04K	USD	Annual
Unrealized gain (loss) on investment	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-40.80K	USD	Annual
Unrealized gain (loss) on investment	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$42.50K	USD	Annual
Reclassification adjustment for losses included in operations	`OtherComprehensiveIncomeReclassificationAdjustmentForWriteDownOfSecuritiesIncludedInNetIncomeNetOfTax`	$50.00K	USD	Annual
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$-40.80K	USD	Annual
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$92.50K	USD	Annual
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-129.84K	USD	Annual
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$110.84K	USD	Annual
Basic Earnings (Loss) Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	Annual
Basic Earnings (Loss) Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	Annual
Diluted Earnings (Loss) Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	Annual
Diluted Earnings (Loss) Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	Annual

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$18.34K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-89.04K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.69K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.98K	USD	Annual
Loss from other than temporary decline in marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-50.00K	USD	Annual
Non-cash compensation expense	`ShareBasedCompensation`	$10.50K	USD	Annual
Non-cash compensation expense	`ShareBasedCompensation`	$14.96K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$45.66K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.02K	USD	Annual
Accrued interest receivable	`IncreaseDecreaseInOtherReceivables`	$22.68K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-71.16K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-47.21K	USD	Annual
Advance to supplier	`IncreaseDecreaseInDepositOtherAssets`	$4.33K	USD	Annual
Advance to supplier	`IncreaseDecreaseInDepositOtherAssets`	$48.68K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$13.67K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.81K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.90K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.64K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-13.63K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$19.37K	USD	Annual
Net Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$26.91K	USD	Annual
Net Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$28.60K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$127.91K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.56K	USD	Annual
Purchase of investments in real property tax liens	`PaymentsToAcquireInvestments`	$4.25K	USD	Annual
Purchase of investments in real property tax liens	`PaymentsToAcquireInvestments`	$123.65K	USD	Annual
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$35.52K	USD	Annual
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$63.35K	USD	Annual
Change in long term deposits and restricted funds	`IncreaseDecreaseInRestrictedCash`	$933.00	USD	Annual
Change in long term deposits and restricted funds	`IncreaseDecreaseInRestrictedCash`	$-2.70K	USD	Annual
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$18.78K	USD	Annual
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-185.51K	USD	Annual
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$45.69K	USD	Annual
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-156.91K	USD	Annual
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.30M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Cash and cash equivalents at End 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`	$2.19M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance at Beginning of Year	`CommonStockValue`	$23.98K	USD	Point-in-time
Balance at Beginning of Year	`CommonStockValue`	$23.91K	USD	Point-in-time
Balance at Beginning of Year	`StockholdersEquity`	$3.10M	USD	Point-in-time
Balance at Beginning of Year	`StockholdersEquity`	$2.98M	USD	Point-in-time
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$-40.80K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$92.50K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$18.34K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-89.04K	USD	Annual
Balance at End of Year	`CommonStockValue`	$23.98K	USD	Point-in-time
Balance at End of Year	`CommonStockValue`	$23.91K	USD	Point-in-time
Balance at End of Year	`StockholdersEquity`	$3.10M	USD	Point-in-time
Balance at End of Year	`StockholdersEquity`	$2.98M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$10.50K	USD	Annual
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$14.96K	USD	Annual

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