10-Q Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001185185-14-003030`
Period End Date	20140930
Filing Date	20141113
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	erms-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 52 Cash Flow Statement 70 Comprehensive Income 4

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Notes receivable, allowance (in Dollars)	`AllowanceForNotesAndLoansReceivableCurrent`	-	USD	Point-in-time
Notes receivable, allowance (in Dollars)	`AllowanceForNotesAndLoansReceivableCurrent`	$22.50K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.10K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.33K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.83M	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$13.10K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$32.08K	USD	Point-in-time
Investment in available for sale securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$23.42K	USD	Point-in-time
Investment in available for sale securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$22.73K	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Notes receivable, net of loan loss allowance of $22,500 and $0	`NotesAndLoansReceivableNetCurrent`	$402.00K	USD	Point-in-time
Notes receivable, net of loan loss allowance of $22,500 and $0	`NotesAndLoansReceivableNetCurrent`	$381.50K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $6,327 and $10,100	`AccountsReceivableNetCurrent`	$57.23K	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
Accounts receivable, net of allowance for doubtful accounts of $6,327 and $10,100	`AccountsReceivableNetCurrent`	$84.06K	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
Inventory	`InventoryNet`	$63.22K	USD	Point-in-time
Inventory	`InventoryNet`	$28.24K	USD	Point-in-time
Advance to hotels	`OtherReceivablesNetCurrent`	$61.50K	USD	Point-in-time
Advance to hotels	`OtherReceivablesNetCurrent`	$46.42K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.17M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$13.25K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.11M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$16.80K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.95M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.46M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $13,098 and $32,076	`PropertyPlantAndEquipmentNet`	$100.48K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $13,098 and $32,076	`PropertyPlantAndEquipmentNet`	$65.60K	USD	Point-in-time
NOTE RECEIVABLE, non-performing	`NotesAndLoansReceivableNetNoncurrent`	$399.86K	USD	Point-in-time
NOTE RECEIVABLE, non-performing	`NotesAndLoansReceivableNetNoncurrent`	-	USD	Point-in-time
INVESTMENT IN REAL PROPERTY TAX LIENS	`OtherLongTermInvestments`	$22.69K	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`	$2.55M	USD	Point-in-time
Total Assets	`Assets`	$2.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.86K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.01K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$45.20K	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`	$70.06K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$94.96K	USD	Point-in-time
Total Liabilities	`Liabilities`	$70.06K	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 24,167,865 and 24,107,865	`CommonStockValue`	$24.11K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; shares outstanding 24,167,865 and 24,107,865	`CommonStockValue`	$24.17K	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`	$-31.75M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$684.00	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.48M	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`	$2.55M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$577.63K	USD	3 Qtrs
REVENUE	`Revenues`	$416.95K	USD	3 Qtrs
REVENUE	`Revenues`	$198.05K	USD	1 Quarter
REVENUE	`Revenues`	$145.24K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$232.81K	USD	3 Qtrs
COST OF REVENUE	`CostOfRevenue`	$97.84K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$303.36K	USD	3 Qtrs
COST OF REVENUE	`CostOfRevenue`	$101.00K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$184.14K	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$44.24K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$274.27K	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$100.21K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $600, $6,500, 8,669 and $9,668	`SellingGeneralAndAdministrativeExpense`	$98.22K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $600, $6,500, 8,669 and $9,668	`SellingGeneralAndAdministrativeExpense`	$324.18K	USD	3 Qtrs
Selling, general and administrative expense, including non-cash compensation of $600, $6,500, 8,669 and $9,668	`SellingGeneralAndAdministrativeExpense`	$259.28K	USD	3 Qtrs
Selling, general and administrative expense, including non-cash compensation of $600, $6,500, 8,669 and $9,668	`SellingGeneralAndAdministrativeExpense`	$88.73K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$82.71K	USD	3 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$33.07K	USD	3 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$8.63K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$22.56K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$111.29K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$357.26K	USD	3 Qtrs
Net Operating Expenses	`OperatingExpenses`	$341.99K	USD	3 Qtrs
Net Operating Expenses	`OperatingExpenses`	$106.86K	USD	1 Quarter
Investment Income	`InvestmentIncomeInterestAndDividend`	$186.28K	USD	3 Qtrs
Investment Income	`InvestmentIncomeInterestAndDividend`	$15.97K	USD	1 Quarter
Investment Income	`InvestmentIncomeInterestAndDividend`	$10.06K	USD	1 Quarter
Investment Income	`InvestmentIncomeInterestAndDividend`	$15.43K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-56.99K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$9.33K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-142.42K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$103.30K	USD	3 Qtrs
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$15.54K	USD	3 Qtrs
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-191.00	USD	1 Quarter
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	3 Qtrs
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Reclassification to realized gain (included in net income)	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	-	USD	1 Quarter
Reclassification to realized gain (included in net income)	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	-	USD	1 Quarter
Reclassification to realized gain (included in net income)	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	$14.86K	USD	3 Qtrs
Reclassification to realized gain (included in net income)	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	-	USD	3 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-142.42K	USD	3 Qtrs
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-56.99K	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$9.14K	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$103.98K	USD	3 Qtrs
Basic Income (Loss) Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	3 Qtrs
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`	$-0.01	USD	3 Qtrs
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	3 Qtrs
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`	$-0.01	USD	3 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-56.99K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.33K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-142.42K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$103.30K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.77K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.14K	USD	3 Qtrs
Interest accrued on notes receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	3 Qtrs
Interest accrued on notes receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.00K	USD	3 Qtrs
Gain on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	-	USD	3 Qtrs
Gain on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	$14.86K	USD	3 Qtrs
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$850.00	USD	3 Qtrs
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	3 Qtrs
Loss on writedown of equipment	`AssetImpairmentCharges`	$33.65K	USD	3 Qtrs
Loss on writedown of equipment	`AssetImpairmentCharges`	-	USD	3 Qtrs
Loss on writedown of note receivable	`AllowanceForLoanAndLeaseLossesWriteOffs`	-	USD	3 Qtrs
Loss on writedown of note receivable	`AllowanceForLoanAndLeaseLossesWriteOffs`	$22.50K	USD	3 Qtrs
Loss on investment in certificate of deposit	`GainLossOnInvestments`	$-2.17K	USD	3 Qtrs
Loss on investment in certificate of deposit	`GainLossOnInvestments`	-	USD	3 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$600.00	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$9.67K	USD	3 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$8.67K	USD	3 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$6.50K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$26.83K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.99K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$34.98K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$71.49K	USD	3 Qtrs
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	$15.08K	USD	3 Qtrs
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	-	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-11.59K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.55K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.84K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.82K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-30.43K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-33.36K	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	3 Qtrs
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-4.31K	USD	3 Qtrs
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$53.19K	USD	3 Qtrs
Net Cash Provided By (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-200.91K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.58K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.90K	USD	3 Qtrs
Purchase of investments in real property tax liens	`PaymentsToAcquireInvestments`	-	USD	3 Qtrs
Purchase of investments in real property tax liens	`PaymentsToAcquireInvestments`	$9.27K	USD	3 Qtrs
Purchase of marketable securites	`PaymentsToAcquireMarketableSecurities`	$25.00K	USD	3 Qtrs
Purchase of marketable securites	`PaymentsToAcquireMarketableSecurities`	-	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$850.00	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 notes receivable	`PaymentsToAcquireNotesReceivable`	$250.00K	USD	3 Qtrs
Advances made under notes receivable	`PaymentsToAcquireNotesReceivable`	$150.00K	USD	3 Qtrs
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	3 Qtrs
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$250.00K	USD	3 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$39.86K	USD	3 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	3 Qtrs
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	3 Qtrs
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$12.85K	USD	3 Qtrs
Proceeds from collection of note receivable, non-performing	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$37.40K	USD	3 Qtrs
Proceeds from collection of note receivable, non-performing	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$399.86K	USD	3 Qtrs
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$399.40K	USD	3 Qtrs
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-129.34K	USD	3 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$452.60K	USD	3 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-330.25K	USD	3 Qtrs
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.83M	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`	$1.63M	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`	$1.83M	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`	$1.63M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$600.00	USD	1 Quarter
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$9.67K	USD	3 Qtrs
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$8.67K	USD	3 Qtrs
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$6.50K	USD	1 Quarter

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