10-Q Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001185185-13-001042`
Period End Date	20130331
Filing Date	20130510
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	erms-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 34 Cash Flow Statement 39

Balance Sheet 60 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`	$7.26K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$25.51K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$20.33K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	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`	$1.91M	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Investment in real property tax liens	`OtherShortTermInvestments`	$26.27K	USD	Point-in-time
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Investment in real property tax liens	`OtherShortTermInvestments`	$26.27K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $7,265 at March 31, 2013 and $12,353 at December 31, 2012	`AccountsReceivableNetCurrent`	$66.60K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $7,265 at March 31, 2013 and $12,353 at December 31, 2012	`AccountsReceivableNetCurrent`	$41.17K	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
Inventory	`InventoryNet`	$157.92K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$174.34K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$22.64K	USD	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$19.67K	USD	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	24.06M	shares	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	24.06M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.17M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.24M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $25,510 at March 31, 2013 and $20,331 at December 31, 2012	`PropertyPlantAndEquipmentNet`	$67.57K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $25,510 at March 31, 2013 and $20,331 at December 31, 2012	`PropertyPlantAndEquipmentNet`	$64.41K	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$449.86K	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$437.26K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$3.18K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$3.18K	USD	Point-in-time
Total Assets	`Assets`	$2.76M	USD	Point-in-time
Total Assets	`Assets`	$2.67M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.62K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.68K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$41.15K	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`	$4.31K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$72.09K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$100.41K	USD	Point-in-time
Total Liabilities	`Liabilities`	$72.09K	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 March 31, 2013 and 24,057,865 at December 31, 2012	`CommonStockValue`	$24.06K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; shares outstanding 24,057,865 at March 31, 2013 and 24,057,865 at December 31, 2012	`CommonStockValue`	$24.06K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.61M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.55M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.60M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.66M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.67M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.76M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
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`	$1.99K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$124.09K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$112.32K	USD	1 Quarter
Maintenance fees	`LicenseAndMaintenanceRevenue`	$36.51K	USD	1 Quarter
Maintenance fees	`LicenseAndMaintenanceRevenue`	$26.08K	USD	1 Quarter
Interest income	`InvestmentIncomeInterestAndDividend`	$2.23K	USD	1 Quarter
Interest income	`InvestmentIncomeInterestAndDividend`	$3.59K	USD	1 Quarter
Total Revenue	`Revenues`	$164.20K	USD	1 Quarter
Total Revenue	`Revenues`	$140.63K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$69.48K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$78.14K	USD	1 Quarter
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$7.17K	USD	1 Quarter
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$1.21K	USD	1 Quarter
Total Cost of Revenue	`CostOfRevenue`	$70.69K	USD	1 Quarter
Total Cost of Revenue	`CostOfRevenue`	$85.32K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$69.94K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$78.88K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $0 and $1,987, respectively	`SellingGeneralAndAdministrativeExpense`	$113.87K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $0 and $1,987, respectively	`SellingGeneralAndAdministrativeExpense`	$86.91K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$30.35K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$38.08K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$124.98K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$144.22K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-55.05K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-65.34K	USD	1 Quarter
Unrealized gain on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized gain on investment in equity securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$567.00	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-55.05K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-64.77K	USD	1 Quarter
Basic Loss Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Loss Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted Loss Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted Loss Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-55.05K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-65.34K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.18K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.28K	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`	$-25.43K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-6.69K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$17.07K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$19.61K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.97K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.94K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.36K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-40.54K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-36.26K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-66.85K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-105.53K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.37K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.99K	USD	1 Quarter
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	1 Quarter
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$2.15K	USD	1 Quarter
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$25.07K	USD	Annual
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$12.60K	USD	1 Quarter
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$12.60K	USD	1 Quarter
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$10.77K	USD	1 Quarter
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$11.23K	USD	1 Quarter
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-94.76K	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-55.62K	USD	1 Quarter
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.10M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	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`	$1.91M	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`	$2.19M	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`	$1.91M	USD	Point-in-time

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