10-Q Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001185185-15-001159`
Period End Date	20150331
Filing Date	20150511
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	erms-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 24 Cash Flow Statement 56 Comprehensive Income 2

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.10K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.49K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$17.68K	USD	Point-in-time
Accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$15.41K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	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
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investment in available for sale securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$24.93K	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
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$702.50K	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$1.09M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $7,489 and $5,101	`AccountsReceivableNetCurrent`	$99.50K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $7,489 and $5,101	`AccountsReceivableNetCurrent`	$67.77K	USD	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
Inventory	`InventoryNet`	$115.25K	USD	Point-in-time
Inventory	`InventoryNet`	$79.19K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.17M	shares	Point-in-time
Advance to hotels	`OtherReceivablesNetCurrent`	$74.37K	USD	Point-in-time
Advance to hotels	`OtherReceivablesNetCurrent`	$77.98K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.35K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$111.06K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.57M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.50M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $17,675 and $15,409	`PropertyPlantAndEquipmentNet`	$63.29K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $17,675 and $15,409	`PropertyPlantAndEquipmentNet`	$60.76K	USD	Point-in-time
NOTE RECEIVABLE, non-performing	`NotesAndLoansReceivableNetNoncurrent`	-	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`	$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`	$2.59M	USD	Point-in-time
Total Assets	`Assets`	$2.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.78K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.96K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$54.04K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$88.00K	USD	Point-in-time
Securities borrowed	`SecuritiesBorrowedLiability`	-	USD	Point-in-time
Securities borrowed	`SecuritiesBorrowedLiability`	$60.96K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$82.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$171.74K	USD	Point-in-time
Total Liabilities	`Liabilities`	$171.74K	USD	Point-in-time
Total Liabilities	`Liabilities`	$82.00K	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 24,167,865	`CommonStockValue`	$24.17K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; shares outstanding 24,167,865 and 24,167,865	`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`	$-31.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.74M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.20K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.72K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.49M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.50M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.59M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.66M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$199.79K	USD	1 Quarter
REVENUE	`Revenues`	$182.56K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$102.31K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$110.69K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$89.10K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$80.25K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $0 and $3,069	`SellingGeneralAndAdministrativeExpense`	$79.69K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $0 and $3,069	`SellingGeneralAndAdministrativeExpense`	$93.79K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$12.50K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$12.37K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$92.05K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$106.29K	USD	1 Quarter
Investment Income	`InvestmentIncomeInterestAndDividend`	$28.25K	USD	1 Quarter
Investment Income	`InvestmentIncomeInterestAndDividend`	$14.34K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.53K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$11.06K	USD	1 Quarter
Unrealized holding gain	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$478.00	USD	1 Quarter
Unrealized holding gain	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$227.00	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$2.76K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$11.54K	USD	1 Quarter
Basic Income Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Income Per Common Share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted Income Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted Income Per Common Share (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.53K	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.06K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.27K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.77K	USD	1 Quarter
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.00K	USD	1 Quarter
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$5.09K	USD	1 Quarter
Gain on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	-	USD	1 Quarter
Gain on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	$8.36K	USD	1 Quarter
Loss on writedown of equipment	`AssetImpairmentCharges`	$261.00	USD	1 Quarter
Loss on writedown of equipment	`AssetImpairmentCharges`	-	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$3.07K	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	-	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-61.35K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$31.73K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$28.98K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$9.42K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$36.05K	USD	1 Quarter
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	$14.16K	USD	1 Quarter
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	$3.61K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.04K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.72K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.17K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$17.59K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-32.95K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-33.96K	USD	1 Quarter
Borrowed shares	`IncreaseDecreaseInSecuritiesBorrowedLiability`	$-60.96K	USD	1 Quarter
Borrowed shares	`IncreaseDecreaseInSecuritiesBorrowedLiability`	-	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-4.31K	USD	1 Quarter
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-61.81K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-96.94K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.13K	USD	1 Quarter
Advances made under notes receivable	`PaymentsToAcquireNotesReceivable`	$390.00K	USD	1 Quarter
Advances made under notes receivable	`PaymentsToAcquireNotesReceivable`	-	USD	1 Quarter
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	1 Quarter
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$7.08K	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$91.55K	USD	1 Quarter
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$199.90K	USD	1 Quarter
Proceeds from collection of note receivable, non-performing	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$27.60K	USD	1 Quarter
Proceeds from collection of note receivable, non-performing	`ProceedsFromSaleAndCollectionOfNotesReceivable`	-	USD	1 Quarter
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$23.48K	USD	1 Quarter
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-274.56K	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-371.50K	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-38.34K	USD	1 Quarter
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.34M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	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`	$1.34M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time

Comprehensive Income 2 line items

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

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