10-Q Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001185185-12-001087`
Period End Date	20120331
Filing Date	20120515
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	erms-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 34 Cash Flow Statement 39

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.26K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.85K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$53.54K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$47.27K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.23M	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Investment in equity securities available for sale	`AvailableForSaleSecuritiesEquitySecuritiesCurrent`	$1.70K	USD	Point-in-time
Investment in equity securities available for sale	`AvailableForSaleSecuritiesEquitySecuritiesCurrent`	$2.27K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investment in real property tax liens	`OtherShortTermInvestments`	$29.03K	USD	Point-in-time
Investment in real property tax liens	`OtherShortTermInvestments`	$26.88K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $10,852 at March 31, 2012 and $10,260 at December 31, 2011	`AccountsReceivableNetCurrent`	$61.49K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $10,852 at March 31, 2012 and $10,260 at December 31, 2011	`AccountsReceivableNetCurrent`	$58.14K	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
Inventory	`InventoryNet`	$170.42K	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
Inventory	`InventoryNet`	$161.20K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$27.46K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.86K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	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`	$2.38M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $53,544 at March 31, 2012 and $47,267 at December 31, 2011	`PropertyPlantAndEquipmentNet`	$133.08K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $53,544 at March 31, 2012 and $47,267 at December 31, 2011	`PropertyPlantAndEquipmentNet`	$132.84K	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$487.40K	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$500.00K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$3.18K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$3.18K	USD	Point-in-time
Total Assets	`Assets`	$3.09M	USD	Point-in-time
Total Assets	`Assets`	$3.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.86K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.50K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$59.83K	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`	$85.70K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$117.88K	USD	Point-in-time
Total Liabilities	`Liabilities`	$85.70K	USD	Point-in-time
Total Liabilities	`Liabilities`	$117.88K	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 March 31, 2012 and 23,982,865 at December 31, 2011	`CommonStockValue`	$23.98K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; shares outstanding 23,982,865 at March 31, 2012 and 23,982,865 at December 31, 2011	`CommonStockValue`	$23.98K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.28M	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.27K	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.70K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.98M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.91M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.09M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.00M	USD	Point-in-time

Income Statement 34 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`	$1.99K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$124.09K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$146.11K	USD	1 Quarter
Maintenance fees	`LicenseAndMaintenanceRevenue`	$36.51K	USD	1 Quarter
Maintenance fees	`LicenseAndMaintenanceRevenue`	$44.38K	USD	1 Quarter
Interest income	`InvestmentIncomeInterestAndDividend`	$27.74K	USD	1 Quarter
Interest income	`InvestmentIncomeInterestAndDividend`	$3.59K	USD	1 Quarter
Total Revenue and Investment Income	`Revenues`	$218.24K	USD	1 Quarter
Total Revenue and Investment Income	`Revenues`	$164.20K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$81.51K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$78.14K	USD	1 Quarter
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$2.74K	USD	1 Quarter
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$7.17K	USD	1 Quarter
Total Cost of Revenue	`CostOfRevenue`	$84.25K	USD	1 Quarter
Total Cost of Revenue	`CostOfRevenue`	$85.32K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$133.99K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$78.88K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $1,987 and $0, respectively	`SellingGeneralAndAdministrativeExpense`	$113.87K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $1,987 and $0, respectively	`SellingGeneralAndAdministrativeExpense`	$97.43K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$25.75K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$30.35K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$123.18K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$144.22K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-65.34K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$10.81K	USD	1 Quarter
Unrealized gain (loss) on investment	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-18.70K	USD	1 Quarter
Unrealized gain (loss) on investment	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$567.00	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-7.89K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-64.77K	USD	1 Quarter
Basic Earnings Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Earnings Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted Earnings Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted Earnings Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-65.34K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$10.81K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.28K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.94K	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$1.99K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.35K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-44.89K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-6.69K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-10.54K	USD	1 Quarter
Advance to supplier	`IncreaseDecreaseInDepositOtherAssets`	$-48.68K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$19.61K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$12.21K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.76K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.36K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-40.54K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-34.27K	USD	1 Quarter
Other payable	`IncreaseDecreaseInOtherAccruedLiabilities`	$5.61K	USD	1 Quarter
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-105.53K	USD	1 Quarter
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$73.22K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.99K	USD	1 Quarter
Purchase of investments in real property tax liens	`PaymentsToAcquireInvestments`	$709.00	USD	1 Quarter
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$2.15K	USD	1 Quarter
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$7.39K	USD	1 Quarter
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$12.60K	USD	1 Quarter
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$6.68K	USD	1 Quarter
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$10.77K	USD	1 Quarter
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-94.76K	USD	1 Quarter
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$79.91K	USD	1 Quarter
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.10M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.23M	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`	$2.19M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.10M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.23M	USD	Point-in-time

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