10-K Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001185185-14-000830`
Period End Date	20131231
Filing Date	20140403
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	erms-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 34 Cash Flow Statement 57 Stockholders Equity 12 Comprehensive Income 2

Balance Sheet 65 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`	$10.10K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$46.97K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$32.08K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	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`	-	USD	Point-in-time
Investment in certificate of deposit	`CertificatesOfDepositAtCarryingValue`	$22.73K	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
Notes receivable	`NotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$402.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $10,100 at December 31, 2013 and $12,353 at December 31, 2012	`AccountsReceivableNetCurrent`	$57.23K	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 $10,100 at December 31, 2013 and $12,353 at December 31, 2012	`AccountsReceivableNetCurrent`	$66.60K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventory	`InventoryNet`	$141.28K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventory	`InventoryNet`	$28.24K	USD	Point-in-time
Advance to hotels	`OtherReceivablesNetCurrent`	$16.64K	USD	Point-in-time
Advance to hotels	`OtherReceivablesNetCurrent`	$46.42K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.11M	shares	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`	$13.25K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.21M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.95M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $32,076 at December 31, 2013 and $46,969 at December 31, 2012	`PropertyPlantAndEquipmentNet`	$67.57K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $32,076 at December 31, 2013 and $46,969 at December 31, 2012	`PropertyPlantAndEquipmentNet`	$100.48K	USD	Point-in-time
NOTE RECEIVABLE, non-performing	`NotesAndLoansReceivableNetNoncurrent`	$399.86K	USD	Point-in-time
NOTE RECEIVABLE, non-performing	`NotesAndLoansReceivableNetNoncurrent`	$449.86K	USD	Point-in-time
INVESTMENT IN REAL PROPERTY TAX LIENS	`OtherLongTermInvestments`	$26.27K	USD	Point-in-time
INVESTMENT IN REAL PROPERTY TAX LIENS	`OtherLongTermInvestments`	$13.42K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$3.18K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$2.93K	USD	Point-in-time
Total Assets	`Assets`	$2.76M	USD	Point-in-time
Total Assets	`Assets`	$2.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.68K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.01K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$75.63K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$77.41K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$4.31K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$4.31K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$94.96K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$100.41K	USD	Point-in-time
Total Liabilities	`Liabilities`	$100.41K	USD	Point-in-time
Total Liabilities	`Liabilities`	$94.96K	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 December 31, 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 December 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`	$34.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.85M	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`	$2.37M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.46M	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
Product sales	`SalesRevenueGoodsNet`	$525.38K	USD	Annual
Product sales	`SalesRevenueGoodsNet`	$530.31K	USD	Annual
Maintenance and lease	`LicenseAndMaintenanceRevenue`	$138.03K	USD	Annual
Maintenance and lease	`LicenseAndMaintenanceRevenue`	$75.18K	USD	Annual
Total Revenue	`Revenues`	$668.34K	USD	Annual
Total Revenue	`Revenues`	$600.56K	USD	Annual
Product sales	`CostOfGoodsSold`	$388.35K	USD	Annual
Product sales	`CostOfGoodsSold`	$325.73K	USD	Annual
Maintenance and lease	`CostOfServicesLicensesAndMaintenanceAgreements`	$4.92K	USD	Annual
Maintenance and lease	`CostOfServicesLicensesAndMaintenanceAgreements`	$15.98K	USD	Annual
Total Cost of Revenue	`CostOfRevenue`	$404.33K	USD	Annual
Total Cost of Revenue	`CostOfRevenue`	$330.65K	USD	Annual
GROSS MARGIN	`GrossProfit`	$269.91K	USD	Annual
GROSS MARGIN	`GrossProfit`	$264.01K	USD	Annual
INVESTMENT INCOME	`InvestmentIncomeInterestAndDividend`	$24.73K	USD	Annual
INVESTMENT INCOME	`InvestmentIncomeInterestAndDividend`	$11.90K	USD	Annual
TOTAL GROSS MARGIN AND INVESTMENT INCOME	`OperatingIncomeLoss`	$275.91K	USD	Annual
TOTAL GROSS MARGIN AND INVESTMENT INCOME	`OperatingIncomeLoss`	$294.64K	USD	Annual
Selling, general and administrative expense, including non-cash compensation of $10,886 and $14,848 respectively	`SellingGeneralAndAdministrativeExpense`	$432.95K	USD	Annual
Selling, general and administrative expense, including non-cash compensation of $10,886 and $14,848 respectively	`SellingGeneralAndAdministrativeExpense`	$431.85K	USD	Annual
Research and development expense	`ResearchAndDevelopmentExpense`	$160.36K	USD	Annual
Research and development expense	`ResearchAndDevelopmentExpense`	$177.68K	USD	Annual
Net Operating Expenses	`OperatingExpenses`	$593.30K	USD	Annual
Net Operating Expenses	`OperatingExpenses`	$609.53K	USD	Annual
Net Loss	`NetIncomeLoss`	$-298.66K	USD	Annual
Net Loss	`NetIncomeLoss`	$-333.62K	USD	Annual
Change in unrealized loss	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.70K	USD	Annual
Change in unrealized loss	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	Annual
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-335.32K	USD	Annual
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-298.66K	USD	Annual
Basic Loss Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	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
Diluted Loss Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	Annual

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-298.66K	USD	Annual
Net loss	`NetIncomeLoss`	$-333.62K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$46.80K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.99K	USD	Annual
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-15.13K	USD	Annual
Unrealized loss on investment in certificate of deposit	`UnrealizedGainLossOnInvestments`	-	USD	Annual
Unrealized loss on investment in certificate of deposit	`UnrealizedGainLossOnInvestments`	$-2.27K	USD	Annual
Loss on disposal of equipment	`GainLossOnDispositionOfAssets1`	$-5.39K	USD	Annual
Loss on disposal of equipment	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Loss on impairment of equipment	`AssetImpairmentCharges`	-	USD	Annual
Loss on impairment of equipment	`AssetImpairmentCharges`	$46.44K	USD	Annual
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.00K	USD	Annual
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	Annual
Non-cash compensation expense	`ShareBasedCompensation`	$14.85K	USD	Annual
Non-cash compensation expense	`ShareBasedCompensation`	$10.89K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.15K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.37K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$12.30K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$15.00K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$14.79K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-9.39K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.18K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.67K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.78K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-22.97K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-309.87K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-220.38K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.50K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.46K	USD	Annual
Purchase of investments in real property tax liens	`PaymentsToAcquireOtherInvestments`	$2.40K	USD	Annual
Purchase of investments in real property tax liens	`PaymentsToAcquireOtherInvestments`	-	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$30.65K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Purchase of certificate of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	$25.00K	USD	Annual
Purchase of certificate of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	-	USD	Annual
Advances made under notes receivable	`PaymentsToAcquireNotesReceivable`	-	USD	Annual
Advances made under notes receivable	`PaymentsToAcquireNotesReceivable`	$400.00K	USD	Annual
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$12.85K	USD	Annual
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$5.16K	USD	Annual
Return of deposit	`ProceedsFromOtherDeposits`	-	USD	Annual
Return of deposit	`ProceedsFromOtherDeposits`	$250.00	USD	Annual
Proceeds from collection of note receivable, non-performing	`ProceedsFromCollectionOfNotesReceivable`	$50.00K	USD	Annual
Proceeds from collection of note receivable, non-performing	`ProceedsFromCollectionOfNotesReceivable`	$50.14K	USD	Annual
Proceeds from collection of note receivable, non-performing	`ProceedsFromCollectionOfNotesReceivable`	$25.07K	USD	Annual
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-365.37K	USD	Annual
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$81.04K	USD	Annual
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-228.82K	USD	Annual
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-585.75K	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`	$1.38M	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`	$1.38M	USD	Point-in-time
Capitalize equipment from inventory	`PropertyPlantAndEquipmentTransfersAndChanges`	$92.88K	USD	Annual
Capitalize equipment from inventory	`PropertyPlantAndEquipmentTransfersAndChanges`	-	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance at Beginning of Year (in Shares)	`CommonStockSharesOutstanding`	24.11M	shares	Point-in-time
Balance at Beginning of Year (in Shares)	`CommonStockSharesOutstanding`	24.06M	shares	Point-in-time
Balance at end of year (in Shares)	`CommonStockSharesOutstanding`	24.11M	shares	Point-in-time
Balance at end of year (in Shares)	`CommonStockSharesOutstanding`	24.06M	shares	Point-in-time
Balance at Beginning of Year	`StockholdersEquity`	$2.66M	USD	Point-in-time
Balance at Beginning of Year	`StockholdersEquity`	$2.37M	USD	Point-in-time
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.70K	USD	Annual
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-298.66K	USD	Annual
Net Loss	`NetIncomeLoss`	$-333.62K	USD	Annual
Balance at end of year	`StockholdersEquity`	$2.66M	USD	Point-in-time
Balance at end of year	`StockholdersEquity`	$2.37M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$14.85K	USD	Annual
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$10.89K	USD	Annual

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