10-Q Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001185185-13-001668`
Period End Date	20130630
Filing Date	20130812
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	erms-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 60 Cash Flow Statement 53

Balance Sheet 64 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`	$7.96K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$29.20K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$20.33K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.66M	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.04M	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investment in certificate of deposit	`CertificatesOfDepositAtCarryingValue`	$23.00K	USD	Point-in-time
Investment in certificate of deposit	`CertificatesOfDepositAtCarryingValue`	-	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investment in real property tax liens	`OtherShortTermInvestments`	$26.27K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investment in real property tax liens	`OtherShortTermInvestments`	$24.55K	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
Note receivable	`NotesAndLoansReceivableNetCurrent`	$150.00K	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $7,959 at June 30, 2013 and $12,353 at December 31, 2012	`AccountsReceivableNetCurrent`	$47.81K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $7,959 at June 30, 2013 and $12,353 at December 31, 2012	`AccountsReceivableNetCurrent`	$66.60K	USD	Point-in-time
Inventory	`InventoryNet`	$216.67K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.06M	shares	Point-in-time
Inventory	`InventoryNet`	$157.92K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.06M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$22.64K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$18.24K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.14M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.24M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $29,201 at June 30, 2013 and $20,331 at December 31, 2012	`PropertyPlantAndEquipmentNet`	$63.73K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $29,201 at June 30, 2013 and $20,331 at December 31, 2012	`PropertyPlantAndEquipmentNet`	$67.57K	USD	Point-in-time
NOTE RECEIVABLE, non-performing	`NotesAndLoansReceivableNetNoncurrent`	$424.93K	USD	Point-in-time
NOTE RECEIVABLE, non-performing	`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`	$2.63M	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`	$16.11K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$77.41K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$35.73K	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`	$100.41K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$56.15K	USD	Point-in-time
Total Liabilities	`Liabilities`	$56.15K	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 June 30, 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 June 30, 2013 and 24,057,865 at December 31, 2012	`CommonStockValue`	$24.06K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.64M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.66M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.57M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.76M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.63M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$3.17K	USD	1 Quarter
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$10.50K	USD	1 Quarter
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$3.17K	USD	2 Qtrs
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$12.49K	USD	2 Qtrs
Product sales	`SalesRevenueGoodsNet`	$114.22K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$262.89K	USD	2 Qtrs
Product sales	`SalesRevenueGoodsNet`	$138.80K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$226.54K	USD	2 Qtrs
Maintenance fees	`LicenseAndMaintenanceRevenue`	$37.30K	USD	1 Quarter
Maintenance fees	`LicenseAndMaintenanceRevenue`	$45.18K	USD	2 Qtrs
Maintenance fees	`LicenseAndMaintenanceRevenue`	$19.10K	USD	1 Quarter
Maintenance fees	`LicenseAndMaintenanceRevenue`	$73.81K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterestAndDividend`	$3.14K	USD	1 Quarter
Interest income	`InvestmentIncomeInterestAndDividend`	$5.37K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterestAndDividend`	$6.04K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterestAndDividend`	$2.45K	USD	1 Quarter
Total Revenue	`Revenues`	$277.08K	USD	2 Qtrs
Total Revenue	`Revenues`	$136.46K	USD	1 Quarter
Total Revenue	`Revenues`	$178.55K	USD	1 Quarter
Total Revenue	`Revenues`	$342.75K	USD	2 Qtrs
Product sales	`CostOfGoodsSold`	$102.50K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$180.64K	USD	2 Qtrs
Product sales	`CostOfGoodsSold`	$60.37K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$129.86K	USD	2 Qtrs
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$750.00	USD	1 Quarter
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$4.09K	USD	1 Quarter
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$1.96K	USD	2 Qtrs
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$11.26K	USD	2 Qtrs
Total Cost of Revenue	`CostOfRevenue`	$106.59K	USD	1 Quarter
Total Cost of Revenue	`CostOfRevenue`	$191.91K	USD	2 Qtrs
Total Cost of Revenue	`CostOfRevenue`	$131.81K	USD	2 Qtrs
Total Cost of Revenue	`CostOfRevenue`	$61.12K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$145.27K	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$75.33K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$71.96K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$150.84K	USD	2 Qtrs
Selling, general and administrative expense, including non-cash compensation of $3,168, $10,500, $3,168, $12,487, respectively	`SellingGeneralAndAdministrativeExpense`	$221.45K	USD	2 Qtrs
Selling, general and administrative expense, including non-cash compensation of $3,168, $10,500, $3,168, $12,487, respectively	`SellingGeneralAndAdministrativeExpense`	$83.64K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $3,168, $10,500, $3,168, $12,487, respectively	`SellingGeneralAndAdministrativeExpense`	$170.55K	USD	2 Qtrs
Selling, general and administrative expense, including non-cash compensation of $3,168, $10,500, $3,168, $12,487, respectively	`SellingGeneralAndAdministrativeExpense`	$107.58K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$22.08K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$86.69K	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$56.34K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$60.15K	USD	2 Qtrs
Net Operating Expenses	`OperatingExpenses`	$308.14K	USD	2 Qtrs
Net Operating Expenses	`OperatingExpenses`	$230.70K	USD	2 Qtrs
Net Operating Expenses	`OperatingExpenses`	$163.92K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$105.72K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-157.29K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-91.96K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-85.43K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-30.38K	USD	1 Quarter
Basic Loss Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic Loss Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Loss Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Basic Loss Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted Loss Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Diluted Loss Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted Loss Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Diluted Loss Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-157.29K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-91.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-85.43K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-30.38K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.87K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.44K	USD	2 Qtrs
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-5.28K	USD	2 Qtrs
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Loss on investment in certificate of deposit	`GainLossOnSaleOfOtherAssets`	$-2.00K	USD	2 Qtrs
Loss on investment in certificate of deposit	`GainLossOnSaleOfOtherAssets`	-	USD	2 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$3.17K	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$10.50K	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$3.17K	USD	2 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$12.49K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.79K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.27K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$59.40K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$5.26K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-4.40K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$21.46K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.18K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.57K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-45.56K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-41.68K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-151.86K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-185.92K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.24K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.38K	USD	2 Qtrs
Purchase of investments in real property tax liens	`PaymentsToAcquireOtherInvestments`	-	USD	2 Qtrs
Purchase of investments in real property tax liens	`PaymentsToAcquireOtherInvestments`	$2.40K	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$11.25K	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of certificate of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	$25.00K	USD	2 Qtrs
Purchase of certificate of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	-	USD	2 Qtrs
Advances made under note receivable	`PaymentsToAcquireNotesReceivable`	$150.00K	USD	2 Qtrs
Advances made under note receivable	`PaymentsToAcquireNotesReceivable`	-	USD	2 Qtrs
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$1.72K	USD	2 Qtrs
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$3.09K	USD	2 Qtrs
Proceeds from collection of note receivable, non-performing	`ProceedsFromCollectionOfNotesReceivable`	$25.07K	USD	Annual
Proceeds from collection of note receivable, non-performing	`ProceedsFromCollectionOfNotesReceivable`	$25.07K	USD	2 Qtrs
Proceeds from collection of note receivable, non-performing	`ProceedsFromCollectionOfNotesReceivable`	$24.93K	USD	2 Qtrs
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-152.74K	USD	2 Qtrs
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$31.77K	USD	2 Qtrs
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-154.15K	USD	2 Qtrs
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-304.59K	USD	2 Qtrs
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.66M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.04M	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`	$2.19M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.66M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.04M	USD	Point-in-time

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