10-K Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001185185-15-000550`
Period End Date	20141231
Filing Date	20150319
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	erms-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 26 Cash Flow Statement 68 Stockholders Equity 12 Comprehensive Income 2

Balance Sheet 71 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`	$5.10K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$32.08K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$15.41K	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$61.35K	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
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investment in available for sale securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$22.73K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investment in available for sale securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$24.45K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$702.50K	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$402.00K	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 $5,101 and $10,100	`AccountsReceivableNetCurrent`	$67.77K	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
Accounts receivable, net of allowance for doubtful accounts of $5,101 and $10,100	`AccountsReceivableNetCurrent`	$57.23K	USD	Point-in-time
Inventory	`InventoryNet`	$79.19K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.11M	shares	Point-in-time
Inventory	`InventoryNet`	$28.24K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.17M	shares	Point-in-time
Advance to hotels	`OtherReceivablesNetCurrent`	$46.42K	USD	Point-in-time
Advance to hotels	`OtherReceivablesNetCurrent`	$74.37K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$111.06K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$13.25K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.95M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.57M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $15,409 and $32,076	`PropertyPlantAndEquipmentNet`	$63.29K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $15,409 and $32,076	`PropertyPlantAndEquipmentNet`	$100.48K	USD	Point-in-time
NOTE RECEIVABLE, non-performing	`NotesAndLoansReceivableNetNoncurrent`	-	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`	$22.69K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$2.93K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$2.93K	USD	Point-in-time
Total Assets	`Assets`	$2.66M	USD	Point-in-time
Total Assets	`Assets`	$2.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.78K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.01K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$88.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$75.63K	USD	Point-in-time
Securities borrowed	`SecuritiesBorrowedLiability`	$60.96K	USD	Point-in-time
Securities borrowed	`SecuritiesBorrowedLiability`	-	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	-	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`	$171.74K	USD	Point-in-time
Total Liabilities	`Liabilities`	$94.96K	USD	Point-in-time
Total Liabilities	`Liabilities`	$171.74K	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`	$24.17K	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
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`	$-31.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.85M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.72K	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`	$2.49M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.66M	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`	$600.56K	USD	Annual
REVENUE	`Revenues`	$794.46K	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$330.65K	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$401.91K	USD	Annual
GROSS MARGIN	`GrossProfit`	$392.55K	USD	Annual
GROSS MARGIN	`GrossProfit`	$269.91K	USD	Annual
Selling, general and administrative expense, including non-cash compensation of $8,669 and $10,886	`SellingGeneralAndAdministrativeExpense`	$436.02K	USD	Annual
Selling, general and administrative expense, including non-cash compensation of $8,669 and $10,886	`SellingGeneralAndAdministrativeExpense`	$432.95K	USD	Annual
Research and development expense	`ResearchAndDevelopmentExpense`	$160.36K	USD	Annual
Research and development expense	`ResearchAndDevelopmentExpense`	$43.90K	USD	Annual
Net Operating Expenses	`OperatingExpenses`	$593.30K	USD	Annual
Net Operating Expenses	`OperatingExpenses`	$479.92K	USD	Annual
Investment Income	`InvestmentIncomeInterestAndDividend`	$200.38K	USD	Annual
Investment Income	`InvestmentIncomeInterestAndDividend`	$24.73K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$113.02K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-298.66K	USD	Annual
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$16.58K	USD	Annual
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	Annual
Reclassification to realized gain (included in net income)	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	-	USD	Annual
Reclassification to realized gain (included in net income)	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	$14.86K	USD	Annual
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-298.66K	USD	Annual
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$114.74K	USD	Annual
Basic Income (Loss) Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	Annual
Basic Income (Loss) Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	Annual
Diluted Income (Loss) Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	Annual
Diluted Income (Loss) Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$113.02K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-298.66K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.45K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.99K	USD	Annual
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.00K	USD	Annual
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$500.00	USD	Annual
Gain on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	$14.86K	USD	Annual
Gain on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	-	USD	Annual
Gain (loss) on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-5.39K	USD	Annual
Gain (loss) on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$850.00	USD	Annual
Loss on impairment of equipment	`AssetImpairmentCharges`	$33.65K	USD	Annual
Loss on impairment of equipment	`AssetImpairmentCharges`	$46.44K	USD	Annual
Unrealized loss on investment in certificate of deposit	`UnrealizedGainLossOnInvestments`	$-2.27K	USD	Annual
Unrealized loss on investment in certificate of deposit	`UnrealizedGainLossOnInvestments`	-	USD	Annual
Non-cash compensation expense	`ShareBasedCompensation`	$8.67K	USD	Annual
Non-cash compensation expense	`ShareBasedCompensation`	$10.89K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$61.35K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.54K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.37K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$15.00K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$50.95K	USD	Annual
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	$27.95K	USD	Annual
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-9.39K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$97.82K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.67K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.77K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$12.37K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.78K	USD	Annual
Borrowed shares	`IncreaseDecreaseInSecuritiesBorrowedLiability`	$60.96K	USD	Annual
Borrowed shares	`IncreaseDecreaseInSecuritiesBorrowedLiability`	-	USD	Annual
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	Annual
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-4.31K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-220.38K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.25K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.46K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.90K	USD	Annual
Purchase of investments in real property tax liens	`PaymentsToAcquireInvestments`	$9.27K	USD	Annual
Purchase of investments in real property tax liens	`PaymentsToAcquireInvestments`	-	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$25.00K	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$850.00	USD	Annual
Purchase of certificate of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	-	USD	Annual
Purchase of certificate of deposit	`PaymentsToAcquireRestrictedCertificatesOfDeposit`	$25.00K	USD	Annual
Advances made under notes receivable	`PaymentsToAcquireNotesReceivable`	$400.00K	USD	Annual
Advances made under notes receivable	`PaymentsToAcquireNotesReceivable`	$700.00K	USD	Annual
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$400.00K	USD	Annual
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$39.86K	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	Annual
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$12.85K	USD	Annual
Proceeds from collections of real property tax liens	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	Annual
Return of deposit	`ProceedsFromOtherDeposits`	$250.00	USD	Annual
Return of deposit	`ProceedsFromOtherDeposits`	-	USD	Annual
Proceeds from collection of note receivable, non-performing	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$50.00K	USD	Annual
Proceeds from collection of note receivable, non-performing	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$399.86K	USD	Annual
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$99.40K	USD	Annual
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-365.37K	USD	Annual
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-585.75K	USD	Annual
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$77.15K	USD	Annual
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	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`	$1.45M	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

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`	24.17M	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`	24.17M	shares	Point-in-time
Balance at Beginning of Year	`StockholdersEquity`	$2.37M	USD	Point-in-time
Balance at Beginning of Year	`StockholdersEquity`	$2.49M	USD	Point-in-time
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$16.58K	USD	Annual
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	Annual
Net income/(Loss)	`NetIncomeLoss`	$113.02K	USD	Annual
Net income/(Loss)	`NetIncomeLoss`	$-298.66K	USD	Annual
Balance at end of year	`StockholdersEquity`	$2.37M	USD	Point-in-time
Balance at end of year	`StockholdersEquity`	$2.49M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$8.67K	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.