10-Q Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001185185-14-001314`
Period End Date	20140331
Filing Date	20140515
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	erms-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 26 Cash Flow Statement 40 Comprehensive Income 2

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.10K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.49K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$35.85K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$32.08K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.34M	USD	Point-in-time
Investment in available for sale securities	`AvailableForSaleSecuritiesCurrent`	$22.73K	USD	Point-in-time
Investment in available for sale securities	`AvailableForSaleSecuritiesCurrent`	$22.96K	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
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$404.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$402.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $6,489 at March 31, 2014 and $10,100 at December 31, 2013	`AccountsReceivableNetCurrent`	$86.21K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $6,489 at March 31, 2014 and $10,100 at December 31, 2013	`AccountsReceivableNetCurrent`	$57.23K	USD	Point-in-time
Preferred stock, shares outstanding	`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`	$37.66K	USD	Point-in-time
Inventory	`InventoryNet`	$28.24K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Advance to hotels	`OtherReceivablesNetCurrent`	$46.42K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Advance to hotels	`OtherReceivablesNetCurrent`	$60.57K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.11M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$13.25K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.21K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.11M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.95M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.96M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $35,849 at March 31, 2014 and $32,076 at December 31, 2013	`PropertyPlantAndEquipmentNet`	$100.83K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $35,849 at March 31, 2014 and $32,076 at December 31, 2013	`PropertyPlantAndEquipmentNet`	$100.48K	USD	Point-in-time
NOTE RECEIVABLE, non-performing	`NotesAndLoansReceivableNetNoncurrent`	$372.26K	USD	Point-in-time
NOTE RECEIVABLE, non-performing	`NotesAndLoansReceivableNetNoncurrent`	$399.86K	USD	Point-in-time
INVESTMENT IN REAL PROPERTY TAX LIENS	`OtherLongTermInvestments`	$13.42K	USD	Point-in-time
INVESTMENT IN REAL PROPERTY TAX LIENS	`OtherLongTermInvestments`	$13.42K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$2.93K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$2.93K	USD	Point-in-time
Total Assets	`Assets`	$2.46M	USD	Point-in-time
Total Assets	`Assets`	$2.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$32.60K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.01K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$42.68K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$75.63K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$4.31K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$75.28K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$94.96K	USD	Point-in-time
Total Liabilities	`Liabilities`	$94.96K	USD	Point-in-time
Total Liabilities	`Liabilities`	$75.28K	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 March 31, 2014 and 24,107,865 at December 31, 2013	`CommonStockValue`	$24.11K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; shares outstanding 24,107,865 at March 31, 2014 and 24,107,865 at December 31, 2013	`CommonStockValue`	$24.11K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.20M	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`	$-31.85M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$227.00	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.37M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.37M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.45M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.46M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$138.40K	USD	1 Quarter
REVENUE	`Revenues`	$182.56K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$70.69K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$102.31K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$67.71K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$80.25K	USD	1 Quarter
INVESTMENT INCOME	`InvestmentIncomeInterestAndDividend`	$2.23K	USD	1 Quarter
INVESTMENT INCOME	`InvestmentIncomeInterestAndDividend`	$14.34K	USD	1 Quarter
TOTAL GROSS MARGIN AND INVESTMENT INCOME	`OperatingIncomeLoss`	$69.94K	USD	1 Quarter
TOTAL GROSS MARGIN AND INVESTMENT INCOME	`OperatingIncomeLoss`	$94.58K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $3,069 and $0 respectively	`SellingGeneralAndAdministrativeExpense`	$79.69K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $3,069 and $0 respectively	`SellingGeneralAndAdministrativeExpense`	$86.91K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$38.08K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$12.37K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$124.98K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$92.05K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-55.05K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$2.53K	USD	1 Quarter
Change in unrealized gain	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Change in unrealized gain	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$227.00	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-55.05K	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$2.76K	USD	1 Quarter
Basic Income (Loss) Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Income (Loss) Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted Income (Loss) Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted Income (Loss) Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-55.05K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.53K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.77K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.18K	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$3.07K	USD	1 Quarter
Interest accrued on notes receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.00K	USD	1 Quarter
Interest accrued on notes receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$28.98K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.43K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$9.42K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$17.07K	USD	1 Quarter
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	$14.16K	USD	1 Quarter
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.04K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.97K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.94K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$17.59K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-32.95K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-36.26K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-4.31K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-66.85K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-61.81K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.37K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.13K	USD	1 Quarter
Proceeds from collection of note receivable, non-performing	`ProceedsFromCollectionOfNotesReceivable`	$12.60K	USD	1 Quarter
Proceeds from collection of note receivable, non-performing	`ProceedsFromCollectionOfNotesReceivable`	$27.60K	USD	1 Quarter
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$11.23K	USD	1 Quarter
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$23.48K	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-55.62K	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-38.34K	USD	1 Quarter
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	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 Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.34M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	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
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.34M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$3.07K	USD	1 Quarter

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