10-Q Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001185185-12-001762`
Period End Date	20120630
Filing Date	20120814
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	erms-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 62 Cash Flow Statement 46

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.33K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.26K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$52.28K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$47.27K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	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
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	USD	Point-in-time
Investment in equity securities available for sale	`AvailableForSaleSecuritiesEquitySecuritiesCurrent`	$1.70K	USD	Point-in-time
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Investment in equity securities available for sale	`AvailableForSaleSecuritiesEquitySecuritiesCurrent`	$1.70K	USD	Point-in-time
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Investment in real property tax liens	`OtherShortTermInvestments`	$28.34K	USD	Point-in-time
Preferred stock, shares outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investment in real property tax liens	`OtherShortTermInvestments`	$29.03K	USD	Point-in-time
Preferred stock, shares outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $9,330 at June 30, 2012 and $10,260 at December 31, 2011	`AccountsReceivableNetCurrent`	$52.87K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $9,330 at June 30, 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
Inventory	`InventoryNet`	$170.42K	USD	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventory	`InventoryNet`	$164.94K	USD	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$29.32K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.86K	USD	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	23.98M	shares	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	24.06M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.46M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.31M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $52,276 at June 30, 2012 and $47,267 at December 31, 2011	`PropertyPlantAndEquipmentNet`	$119.84K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $52,276 at June 30, 2012 and $47,267 at December 31, 2011	`PropertyPlantAndEquipmentNet`	$132.84K	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$474.93K	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`	$2.91M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.68K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.50K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$100.38K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$54.82K	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`	$117.88K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$80.50K	USD	Point-in-time
Total Liabilities	`Liabilities`	$117.88K	USD	Point-in-time
Total Liabilities	`Liabilities`	$80.50K	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 24,057,865 at June 30, 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 24,057,865 at June 30, 2012 and 23,982,865 at December 31, 2011	`CommonStockValue`	$24.06K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.18M	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`	$-31.38M	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.70K	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`	$2.83M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.09M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.91M	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense, non-cash compensation (in Dollars)	`ShareBasedCompensation`	$12.49K	USD	2 Qtrs
Selling, general and administrative expense, non-cash compensation (in Dollars)	`ShareBasedCompensation`	$10.50K	USD	2 Qtrs
Selling, general and administrative expense, non-cash compensation (in Dollars)	`ShareBasedCompensation`	$10.50K	USD	1 Quarter
Selling, general and administrative expense, non-cash compensation (in Dollars)	`ShareBasedCompensation`	$10.50K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$295.19K	USD	2 Qtrs
Product sales	`SalesRevenueGoodsNet`	$262.89K	USD	2 Qtrs
Product sales	`SalesRevenueGoodsNet`	$149.07K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$138.80K	USD	1 Quarter
Maintenance fees	`LicenseAndMaintenanceRevenue`	$37.30K	USD	1 Quarter
Maintenance fees	`LicenseAndMaintenanceRevenue`	$73.81K	USD	2 Qtrs
Maintenance fees	`LicenseAndMaintenanceRevenue`	$43.48K	USD	1 Quarter
Maintenance fees	`LicenseAndMaintenanceRevenue`	$87.86K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterestAndDividend`	$2.45K	USD	1 Quarter
Interest income	`InvestmentIncomeInterestAndDividend`	$6.04K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterestAndDividend`	$28.10K	USD	1 Quarter
Interest income	`InvestmentIncomeInterestAndDividend`	$55.84K	USD	2 Qtrs
Total Revenue	`Revenues`	$220.65K	USD	1 Quarter
Total Revenue	`Revenues`	$342.75K	USD	2 Qtrs
Total Revenue	`Revenues`	$178.55K	USD	1 Quarter
Total Revenue	`Revenues`	$438.89K	USD	2 Qtrs
Product sales	`CostOfGoodsSold`	$102.50K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$180.64K	USD	2 Qtrs
Product sales	`CostOfGoodsSold`	$82.35K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$163.86K	USD	2 Qtrs
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$7.52K	USD	2 Qtrs
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$4.78K	USD	1 Quarter
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$4.09K	USD	1 Quarter
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$11.26K	USD	2 Qtrs
Total Cost of Revenue	`CostOfRevenue`	$191.91K	USD	2 Qtrs
Total Cost of Revenue	`CostOfRevenue`	$106.59K	USD	1 Quarter
Total Cost of Revenue	`CostOfRevenue`	$171.38K	USD	2 Qtrs
Total Cost of Revenue	`CostOfRevenue`	$87.13K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$133.53K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$71.96K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$150.84K	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$267.51K	USD	2 Qtrs
Selling, general and administrative expense, including non-cash compensation of $10,500, $10,500, $12,487 and $10,500, respectively	`SellingGeneralAndAdministrativeExpense`	$221.50K	USD	2 Qtrs
Selling, general and administrative expense, including non-cash compensation of $10,500, $10,500, $12,487 and $10,500, respectively	`SellingGeneralAndAdministrativeExpense`	$124.07K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $10,500, $10,500, $12,487 and $10,500, respectively	`SellingGeneralAndAdministrativeExpense`	$221.45K	USD	2 Qtrs
Selling, general and administrative expense, including non-cash compensation of $10,500, $10,500, $12,487 and $10,500, respectively	`SellingGeneralAndAdministrativeExpense`	$107.58K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$56.34K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$86.69K	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$47.23K	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$21.48K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$163.92K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$145.55K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$308.14K	USD	2 Qtrs
Net Operating Expenses	`OperatingExpenses`	$268.73K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.22K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-91.96K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-157.29K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-12.03K	USD	1 Quarter
Unrealized loss on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-28.33K	USD	2 Qtrs
Unrealized loss on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Unrealized loss on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-9.63K	USD	1 Quarter
Unrealized loss on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-28.33K	USD	6 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-157.29K	USD	2 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-91.96K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-29.55K	USD	2 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-21.66K	USD	1 Quarter
Basic Loss Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Diluted Loss Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.22K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-91.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-157.29K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-12.03K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.49K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.44K	USD	2 Qtrs
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-5.28K	USD	2 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$12.49K	USD	2 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$10.50K	USD	2 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$10.50K	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$10.50K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-60.36K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.27K	USD	2 Qtrs
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-246.00	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$5.26K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-20.91K	USD	2 Qtrs
Advance to supplier	`IncreaseDecreaseInDepositOtherAssets`	$-48.68K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$29.61K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$21.46K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.18K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.86K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-45.56K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-42.07K	USD	2 Qtrs
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-185.92K	USD	2 Qtrs
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$72.42K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.24K	USD	2 Qtrs
Proceeds from sale of vending machines	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$11.25K	USD	2 Qtrs
Purchase of investments in real property tax liens	`PaymentsToAcquireInvestments`	$2.40K	USD	2 Qtrs
Purchase of investments in real property tax liens	`PaymentsToAcquireInvestments`	$709.00	USD	2 Qtrs
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$21.91K	USD	2 Qtrs
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$3.09K	USD	2 Qtrs
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$25.07K	USD	2 Qtrs
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$21.20K	USD	2 Qtrs
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$31.77K	USD	2 Qtrs
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-154.15K	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$93.62K	USD	2 Qtrs
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.04M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	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`	$2.15M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.04M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	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`	$2.15M	USD	Point-in-time

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