10-Q Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001185185-13-002493`
Period End Date	20130930
Filing Date	20131114
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	erms-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 64 Cash Flow Statement 53

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.58K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$12.35K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$33.10K	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`	$2.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.63M	USD	Point-in-time
Investment in certificate of deposit	`CertificatesOfDepositAtCarryingValue`	-	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	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`	$22.83K	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetCurrent`	$150.00K	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
Preferred stock, shares outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $8,579 at September 30, 2013 and $12,353 at December 31, 2012	`AccountsReceivableNetCurrent`	$66.60K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $8,579 at September 30, 2013 and $12,353 at December 31, 2012	`AccountsReceivableNetCurrent`	$48.61K	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
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$157.92K	USD	Point-in-time
Inventory	`InventoryNet`	$226.38K	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`	$22.64K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.05K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.21M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.09M	USD	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	24.06M	shares	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	24.11M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $33,103 at September 30, 2013 and $20,331 at December 31, 2012	`PropertyPlantAndEquipmentNet`	$62.42K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $33,103 at September 30, 2013 and $20,331 at December 31, 2012	`PropertyPlantAndEquipmentNet`	$67.57K	USD	Point-in-time
INVESTMENT IN REAL PROPERTY TAX LIENS	`OtherShortTermInvestments`	$13.42K	USD	Point-in-time
INVESTMENT IN REAL PROPERTY TAX LIENS	`OtherShortTermInvestments`	$26.27K	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$449.86K	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$412.47K	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`	$2.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.86K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.68K	USD	Point-in-time
Accrued liabilities and customer deposits	`CustomerAdvancesCurrent`	$48.36K	USD	Point-in-time
Accrued liabilities and customer deposits	`CustomerAdvancesCurrent`	$81.72K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$100.41K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$59.22K	USD	Point-in-time
Total Liabilities	`Liabilities`	$100.41K	USD	Point-in-time
Total Liabilities	`Liabilities`	$59.22K	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 24,107,865 at September 30, 2013 and 24,057,865 at December 31, 2012	`CommonStockValue`	$24.11K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; shares outstanding 24,107,865 at September 30, 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`	$34.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.55M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.66M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.52M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.58M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.76M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
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`	$12.49K	USD	3 Qtrs
Selling, general and administrative expense, non-cash compensation (in Dollars)	`ShareBasedCompensation`	$9.67K	USD	3 Qtrs
Selling, general and administrative expense, non-cash compensation (in Dollars)	`ShareBasedCompensation`	$6.50K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$130.24K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$356.77K	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$140.87K	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$403.77K	USD	3 Qtrs
Maintenance fees	`LicenseAndMaintenanceRevenue`	$15.00K	USD	1 Quarter
Maintenance fees	`LicenseAndMaintenanceRevenue`	$60.18K	USD	3 Qtrs
Maintenance fees	`LicenseAndMaintenanceRevenue`	$107.65K	USD	3 Qtrs
Maintenance fees	`LicenseAndMaintenanceRevenue`	$33.84K	USD	1 Quarter
Total Revenue	`Revenues`	$511.42K	USD	3 Qtrs
Total Revenue	`Revenues`	$416.95K	USD	3 Qtrs
Total Revenue	`Revenues`	$145.24K	USD	1 Quarter
Total Revenue	`Revenues`	$174.71K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$101.79K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$282.44K	USD	3 Qtrs
Product sales	`CostOfGoodsSold`	$100.25K	USD	1 Quarter
Product sales	`CostOfGoodsSold`	$230.10K	USD	3 Qtrs
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$750.00	USD	1 Quarter
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$14.13K	USD	3 Qtrs
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$2.71K	USD	3 Qtrs
Maintenance	`CostOfServicesLicensesAndMaintenanceAgreements`	$2.87K	USD	1 Quarter
Total Cost of Revenue	`CostOfRevenue`	$101.00K	USD	1 Quarter
Total Cost of Revenue	`CostOfRevenue`	$232.81K	USD	3 Qtrs
Total Cost of Revenue	`CostOfRevenue`	$296.57K	USD	3 Qtrs
Total Cost of Revenue	`CostOfRevenue`	$104.66K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$214.85K	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$70.05K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$184.14K	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$44.24K	USD	1 Quarter
INVESTMENT INCOME	`InvestmentIncomeInterestAndDividend`	$8.82K	USD	3 Qtrs
INVESTMENT INCOME	`InvestmentIncomeInterestAndDividend`	$10.06K	USD	1 Quarter
INVESTMENT INCOME	`InvestmentIncomeInterestAndDividend`	$15.43K	USD	3 Qtrs
INVESTMENT INCOME	`InvestmentIncomeInterestAndDividend`	$2.79K	USD	1 Quarter
TOTAL GROSS MARGIN AND INVESTMENT INCOME	`OperatingIncomeLoss`	$199.57K	USD	3 Qtrs
TOTAL GROSS MARGIN AND INVESTMENT INCOME	`OperatingIncomeLoss`	$54.30K	USD	1 Quarter
TOTAL GROSS MARGIN AND INVESTMENT INCOME	`OperatingIncomeLoss`	$72.83K	USD	1 Quarter
TOTAL GROSS MARGIN AND INVESTMENT INCOME	`OperatingIncomeLoss`	$223.67K	USD	3 Qtrs
Selling, general and administrative expense, including non-cash compensation of $6,500, $10,500, $9,668, $12,487, respectively	`SellingGeneralAndAdministrativeExpense`	$87.80K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $6,500, $10,500, $9,668, $12,487, respectively	`SellingGeneralAndAdministrativeExpense`	$88.73K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $6,500, $10,500, $9,668, $12,487, respectively	`SellingGeneralAndAdministrativeExpense`	$309.25K	USD	3 Qtrs
Selling, general and administrative expense, including non-cash compensation of $6,500, $10,500, $9,668, $12,487, respectively	`SellingGeneralAndAdministrativeExpense`	$259.28K	USD	3 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$22.56K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$82.71K	USD	3 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$46.08K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$132.76K	USD	3 Qtrs
Net Operating Expenses	`OperatingExpenses`	$442.01K	USD	3 Qtrs
Net Operating Expenses	`OperatingExpenses`	$111.29K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$341.99K	USD	3 Qtrs
Net Operating Expenses	`OperatingExpenses`	$133.87K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-56.99K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-142.42K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-218.34K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-61.04K	USD	1 Quarter
Basic Loss Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
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
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`	-	USD	1 Quarter
Diluted Loss Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	3 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	3 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-56.99K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-142.42K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-218.34K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-61.04K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.60K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.77K	USD	3 Qtrs
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	3 Qtrs
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-15.12K	USD	3 Qtrs
Loss on investment in certificate of deposit	`GainLossOnSaleOfOtherAssets`	$-2.17K	USD	3 Qtrs
Loss on investment in certificate of deposit	`GainLossOnSaleOfOtherAssets`	-	USD	3 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$10.50K	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$12.49K	USD	3 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$9.67K	USD	3 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$6.50K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.85K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.99K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$71.49K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$6.20K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-11.59K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$13.59K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.82K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$14.40K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-33.36K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-53.64K	USD	3 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-200.91K	USD	3 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-226.30K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.24K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.58K	USD	3 Qtrs
Purchase of investments in real property tax liens	`PaymentsToAcquireOtherInvestments`	-	USD	3 Qtrs
Purchase of investments in real property tax liens	`PaymentsToAcquireOtherInvestments`	$2.40K	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$30.65K	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Purchase of certificate of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	$25.00K	USD	3 Qtrs
Purchase of certificate of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	-	USD	3 Qtrs
Advances made under note receivable	`PaymentsToAcquireNotesReceivable`	-	USD	3 Qtrs
Advances made under note receivable	`PaymentsToAcquireNotesReceivable`	$150.00K	USD	3 Qtrs
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$12.85K	USD	3 Qtrs
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$3.09K	USD	3 Qtrs
Proceeds from collection of note receivable, non-performing	`ProceedsFromCollectionOfNotesReceivable`	$37.53K	USD	3 Qtrs
Proceeds from collection of note receivable, non-performing	`ProceedsFromCollectionOfNotesReceivable`	$37.40K	USD	3 Qtrs
Proceeds from collection of note receivable, non-performing	`ProceedsFromCollectionOfNotesReceivable`	$25.07K	USD	Annual
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$63.64K	USD	3 Qtrs
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-129.34K	USD	3 Qtrs
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-330.25K	USD	3 Qtrs
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-162.66K	USD	3 Qtrs
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`	$2.03M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.63M	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`	$2.03M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.63M	USD	Point-in-time

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