10-Q Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001185185-12-002509`
Period End Date	20120930
Filing Date	20121114
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	erms-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 63 Cash Flow Statement 47

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`	$9.33K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$47.27K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$42.55K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.03M	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`	$2.25M	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`	$1.13K	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 real property tax liens	`OtherShortTermInvestments`	$29.03K	USD	Point-in-time
Preferred stock, shares outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	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
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 September 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
Accounts receivable, net of allowance for doubtful accounts of $9,330 at September 30, 2012 and $10,260 at December 31, 2011	`AccountsReceivableNetCurrent`	$51.29K	USD	Point-in-time
Inventory	`InventoryNet`	$170.42K	USD	Point-in-time
Inventory	`InventoryNet`	$155.00K	USD	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$21.45K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$7.86K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.46M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.29M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $42,553 at September 30, 2012 and $47,267 at December 31, 2011	`PropertyPlantAndEquipmentNet`	$97.31K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $42,553 at September 30, 2012 and $47,267 at December 31, 2011	`PropertyPlantAndEquipmentNet`	$132.84K	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$462.47K	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`	$2.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.50K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.91K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$100.38K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$46.73K	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`	$78.64K	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`	$78.64K	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 September 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 September 30, 2012 and 23,982,865 at December 31, 2011	`CommonStockValue`	$24.06K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.44M	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.70K	USD	Point-in-time
Accumulated other comprehensive gain	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.13K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.77M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.98M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.85M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.09M	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense, non-cash compensation (in Dollars)	`ShareBasedCompensation`	$12.49K	USD	3 Qtrs
Selling, general and administrative expense, non-cash compensation (in Dollars)	`ShareBasedCompensation`	-	USD	1 Quarter
Selling, general and administrative expense, non-cash compensation (in Dollars)	`ShareBasedCompensation`	$10.50K	USD	3 Qtrs
Selling, general and administrative expense, non-cash compensation (in Dollars)	`ShareBasedCompensation`	-	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$403.77K	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$126.81K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$140.87K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$421.99K	USD	3 Qtrs
Maintenance fees	`LicenseAndMaintenanceRevenue`	$107.65K	USD	3 Qtrs
Maintenance fees	`LicenseAndMaintenanceRevenue`	$127.68K	USD	3 Qtrs
Maintenance fees	`LicenseAndMaintenanceRevenue`	$33.84K	USD	1 Quarter
Maintenance fees	`LicenseAndMaintenanceRevenue`	$39.82K	USD	1 Quarter
Interest income	`InvestmentIncomeInterestAndDividend`	$2.79K	USD	1 Quarter
Interest income	`InvestmentIncomeInterestAndDividend`	$8.82K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterestAndDividend`	$8.52K	USD	1 Quarter
Interest income	`InvestmentIncomeInterestAndDividend`	$64.36K	USD	3 Qtrs
Total Revenue	`Revenues`	$175.14K	USD	1 Quarter
Total Revenue	`Revenues`	$520.24K	USD	3 Qtrs
Total Revenue	`Revenues`	$614.03K	USD	3 Qtrs
Total Revenue	`Revenues`	$177.49K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$101.79K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$230.12K	USD	3 Qtrs
Product sales	`CostOfGoodsSold`	$66.26K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$282.44K	USD	3 Qtrs
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$14.13K	USD	3 Qtrs
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$2.87K	USD	1 Quarter
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$15.82K	USD	3 Qtrs
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$8.30K	USD	1 Quarter
Total Cost of Revenue	`CostOfRevenue`	$245.94K	USD	3 Qtrs
Total Cost of Revenue	`CostOfRevenue`	$74.56K	USD	1 Quarter
Total Cost of Revenue	`CostOfRevenue`	$296.57K	USD	3 Qtrs
Total Cost of Revenue	`CostOfRevenue`	$104.66K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$72.83K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$223.67K	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$100.58K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$368.10K	USD	3 Qtrs
Selling, general and administrative expense, including non-cash compensation of $0, $0, $12,487 and $10,500, respectively	`SellingGeneralAndAdministrativeExpense`	$322.51K	USD	3 Qtrs
Selling, general and administrative expense, including non-cash compensation of $0, $0, $12,487 and $10,500, respectively	`SellingGeneralAndAdministrativeExpense`	$101.01K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $0, $0, $12,487 and $10,500, respectively	`SellingGeneralAndAdministrativeExpense`	$87.80K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $0, $0, $12,487 and $10,500, respectively	`SellingGeneralAndAdministrativeExpense`	$309.25K	USD	3 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$132.76K	USD	3 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$22.39K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$69.63K	USD	3 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$46.08K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$123.40K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$442.01K	USD	3 Qtrs
Net Operating Expenses	`OperatingExpenses`	$392.14K	USD	3 Qtrs
Net Operating Expenses	`OperatingExpenses`	$133.87K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-61.04K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-22.82K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-218.34K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-24.04K	USD	3 Qtrs
Unrealized loss on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-39.67K	USD	3 Qtrs
Unrealized loss on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-11.33K	USD	1 Quarter
Unrealized loss on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-567.00	USD	1 Quarter
Unrealized loss on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-567.00	USD	3 Qtrs
Unrealized loss on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-39.67K	USD	7 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-218.90K	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-34.16K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-61.61K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-63.71K	USD	3 Qtrs
Basic Loss Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Diluted Loss Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	3 Qtrs

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-61.04K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-22.82K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-218.34K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-24.04K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.60K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.07K	USD	3 Qtrs
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-15.12K	USD	3 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$12.49K	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`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.85K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-55.29K	USD	3 Qtrs
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.38K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-16.44K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$6.20K	USD	3 Qtrs
Advance to supplier	`IncreaseDecreaseInDepositOtherAssets`	$-48.68K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$13.59K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$12.91K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$212.00	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$14.40K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-53.64K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-35.94K	USD	3 Qtrs
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-226.30K	USD	3 Qtrs
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$72.92K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.24K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.31K	USD	3 Qtrs
Proceeds from sale of vending machines	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$30.65K	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`	$2.40K	USD	3 Qtrs
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$33.95K	USD	3 Qtrs
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$3.09K	USD	3 Qtrs
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$37.53K	USD	3 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$29.63K	USD	3 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$63.64K	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`	$-162.66K	USD	3 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$102.55K	USD	3 Qtrs
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.03M	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`	$2.25M	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`	$2.03M	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`	$2.25M	USD	Point-in-time

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