10-K Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001185185-13-000590`
Period End Date	20121231
Filing Date	20130325
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	erms-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 32 Cash Flow Statement 42 Stockholders Equity 12

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$12.35K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.26K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$46.97K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$47.27K	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`	$1.96M	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
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	5.00M	shares	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
Investment in real property tax liens	`OtherShortTermInvestments`	$29.03K	USD	Point-in-time
Investment in real property tax liens	`OtherShortTermInvestments`	$26.27K	USD	Point-in-time
Preferred stock, shares outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	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 $12,353 at December 31, 2012 and $10,260 at December 31, 2011	`AccountsReceivableNetCurrent`	$66.60K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $12,353 at December 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
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventory	`InventoryNet`	$157.92K	USD	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventory	`InventoryNet`	$170.42K	USD	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	24.06M	shares	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	23.98M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$22.64K	USD	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`	$2.24M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $46,969 at December 31, 2012 and $47,267 at December 31, 2011	`PropertyPlantAndEquipmentNet`	$67.57K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $46,969 at December 31, 2012 and $47,267 at December 31, 2011	`PropertyPlantAndEquipmentNet`	$132.84K	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$500.00K	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$449.86K	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`	$2.76M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.68K	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`	$77.41K	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$4.31K	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`	$100.41K	USD	Point-in-time
Total Liabilities	`Liabilities`	$117.88K	USD	Point-in-time
Total Liabilities	`Liabilities`	$100.41K	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 24,057,865 at December 31, 2012 and 23,982,865 at December 31, 2011	`CommonStockValue`	$24.06K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; shares outstanding 24,057,865 at December 31, 2012 and 23,982,865 at December 31, 2011	`CommonStockValue`	$23.98K	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`	$-31.55M	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`	$2.66M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.09M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.76M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense, non-cash compensation (in Dollars)	`ShareBasedCompensation`	$10.50K	USD	Annual
Selling, general and administrative expense, non-cash compensation (in Dollars)	`ShareBasedCompensation`	$14.85K	USD	Annual
Product sales	`SalesRevenueGoodsNet`	$530.31K	USD	Annual
Product sales	`SalesRevenueGoodsNet`	$569.17K	USD	Annual
Maintenance fees	`LicenseAndMaintenanceRevenue`	$138.03K	USD	Annual
Maintenance fees	`LicenseAndMaintenanceRevenue`	$163.70K	USD	Annual
Interest income	`InvestmentIncomeInterestAndDividend`	$68.55K	USD	Annual
Interest income	`InvestmentIncomeInterestAndDividend`	$11.90K	USD	Annual
Total Revenue	`Revenues`	$680.24K	USD	Annual
Total Revenue	`Revenues`	$801.42K	USD	Annual
Product sales	`CostOfGoodsSold`	$287.92K	USD	Annual
Product sales	`CostOfGoodsSold`	$388.35K	USD	Annual
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$15.98K	USD	Annual
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$19.24K	USD	Annual
Total Cost of Revenue	`CostOfRevenue`	$404.33K	USD	Annual
Total Cost of Revenue	`CostOfRevenue`	$307.16K	USD	Annual
GROSS MARGIN	`GrossProfit`	$275.91K	USD	Annual
GROSS MARGIN	`GrossProfit`	$494.26K	USD	Annual
Selling, general and administrative expense, including non-cash compensation of $14,848 and $10,500, respectively	`SellingGeneralAndAdministrativeExpense`	$431.85K	USD	Annual
Selling, general and administrative expense, including non-cash compensation of $14,848 and $10,500, respectively	`SellingGeneralAndAdministrativeExpense`	$486.56K	USD	Annual
Research and development expense	`ResearchAndDevelopmentExpense`	$96.74K	USD	Annual
Research and development expense	`ResearchAndDevelopmentExpense`	$177.68K	USD	Annual
Net Operating Expenses	`OperatingExpenses`	$583.30K	USD	Annual
Net Operating Expenses	`OperatingExpenses`	$609.53K	USD	Annual
Net Loss	`NetIncomeLoss`	$-333.62K	USD	Annual
Net Loss	`NetIncomeLoss`	$-89.04K	USD	Annual
Change in unrealized gain	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-40.80K	USD	Annual
Change in unrealized gain	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.70K	USD	Annual
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-129.84K	USD	Annual
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-335.32K	USD	Annual
Basic Loss Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	Annual
Diluted Loss Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	Annual

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-333.62K	USD	Annual
Net loss	`NetIncomeLoss`	$-89.04K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.98K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$46.80K	USD	Annual
Loss on sale of equipment	`GainLossOnSaleOfOtherAssets`	$-15.13K	USD	Annual
Non-cash compensation expense	`ShareBasedCompensation`	$10.50K	USD	Annual
Non-cash compensation expense	`ShareBasedCompensation`	$14.85K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.15K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-45.66K	USD	Annual
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-22.68K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$12.30K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$47.21K	USD	Annual
Advance to supplier	`IncreaseDecreaseInDepositOtherAssets`	$-48.68K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.81K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$14.79K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.18K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.90K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-22.97K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$19.37K	USD	Annual
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-309.87K	USD	Annual
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$26.91K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.56K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.50K	USD	Annual
Proceeds from sale of vending machines	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$30.65K	USD	Annual
Purchase of investments in real property tax liens	`PaymentsToAcquireInvestments`	$2.40K	USD	Annual
Purchase of investments in real property tax liens	`PaymentsToAcquireInvestments`	$4.25K	USD	Annual
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$5.16K	USD	Annual
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$35.52K	USD	Annual
Change in long term deposits and restricted funds	`IncreaseDecreaseInRestrictedCash`	$933.00	USD	Annual
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$50.14K	USD	Annual
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$18.78K	USD	Annual
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$81.04K	USD	Annual
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-228.82K	USD	Annual
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$45.69K	USD	Annual
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	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`	$2.19M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.15M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance at Beginning of Year (in Shares)	`CommonStockSharesOutstanding`	24.06M	shares	Point-in-time
Balance at Beginning of Year (in Shares)	`CommonStockSharesOutstanding`	23.98M	shares	Point-in-time
Balance at Beginning of Year	`StockholdersEquity`	$2.98M	USD	Point-in-time
Balance at Beginning of Year	`StockholdersEquity`	$2.66M	USD	Point-in-time
Unrealized gain on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-40.80K	USD	Annual
Unrealized gain on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.70K	USD	Annual
Net Loss	`NetIncomeLoss`	$-333.62K	USD	Annual
Net Loss	`NetIncomeLoss`	$-89.04K	USD	Annual
Balance at end of year (in Shares)	`CommonStockSharesOutstanding`	24.06M	shares	Point-in-time
Balance at end of year (in Shares)	`CommonStockSharesOutstanding`	23.98M	shares	Point-in-time
Balance at end of year	`StockholdersEquity`	$2.98M	USD	Point-in-time
Balance at end of year	`StockholdersEquity`	$2.66M	USD	Point-in-time

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