10-Q Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-020197`
Period End Date	20150930
Filing Date	20151109
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	erms-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 52 Cash Flow Statement 68 Comprehensive Income 4

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.10K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.80K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$15.41K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$22.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	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, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investment in available for sale securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$24.45K	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Investment in available for sale securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$24.02K	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$824.41K	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$702.50K	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	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
Accounts receivable, net of allowance for doubtful accounts of $7,805 and $5,101	`AccountsReceivableNetCurrent`	$67.77K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $7,805 and $5,101	`AccountsReceivableNetCurrent`	$103.70K	USD	Point-in-time
Inventory	`InventoryNet`	$79.19K	USD	Point-in-time
Inventory	`InventoryNet`	$104.28K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Advance to hotels	`OtherReceivablesNetCurrent`	$76.34K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	24.22M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	24.17M	shares	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`	$10.65K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.57M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.56M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $22,001 and $15,409	`PropertyPlantAndEquipmentNet`	$63.29K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $22,001 and $15,409	`PropertyPlantAndEquipmentNet`	$47.38K	USD	Point-in-time
INVESTMENT IN REAL PROPERTY TAX LIENS	`OtherLongTermInvestments`	$26.39K	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`	$2.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.40K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.78K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$54.39K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$88.00K	USD	Point-in-time
Securities borrowed	`SecuritiesBorrowedLiability`	$60.96K	USD	Point-in-time
Securities borrowed	`SecuritiesBorrowedLiability`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$171.74K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$81.79K	USD	Point-in-time
Total Liabilities	`Liabilities`	$81.79K	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 24,217,865 and 24,167,865	`CommonStockValue`	$24.22K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; shares outstanding 24,217,865 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`	$34.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.69M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.28K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.72K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.55M	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`	$2.63M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$198.05K	USD	1 Quarter
REVENUE	`Revenues`	$229.87K	USD	1 Quarter
REVENUE	`Revenues`	$644.16K	USD	3 Qtrs
REVENUE	`Revenues`	$577.63K	USD	3 Qtrs
COST OF REVENUE	`CostOfRevenue`	$371.96K	USD	3 Qtrs
COST OF REVENUE	`CostOfRevenue`	$97.84K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$137.60K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$303.36K	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$274.27K	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$272.20K	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$100.21K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$92.28K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $1,619, $600, $8,054 and $8,669	`SellingGeneralAndAdministrativeExpense`	$95.11K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $1,619, $600, $8,054 and $8,669	`SellingGeneralAndAdministrativeExpense`	$324.18K	USD	3 Qtrs
Selling, general and administrative expense, including non-cash compensation of $1,619, $600, $8,054 and $8,669	`SellingGeneralAndAdministrativeExpense`	$290.38K	USD	3 Qtrs
Selling, general and administrative expense, including non-cash compensation of $1,619, $600, $8,054 and $8,669	`SellingGeneralAndAdministrativeExpense`	$98.22K	USD	1 Quarter
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`	$35.67K	USD	3 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$13.10K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$106.86K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$326.05K	USD	3 Qtrs
Net Operating Expenses	`OperatingExpenses`	$108.22K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$357.26K	USD	3 Qtrs
Investment Income	`InvestmentIncomeInterestAndDividend`	$104.41K	USD	3 Qtrs
Investment Income	`InvestmentIncomeInterestAndDividend`	$186.28K	USD	3 Qtrs
Investment Income	`InvestmentIncomeInterestAndDividend`	$23.46K	USD	1 Quarter
Investment Income	`InvestmentIncomeInterestAndDividend`	$15.97K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$7.52K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$50.55K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$103.30K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$9.33K	USD	1 Quarter
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-191.00	USD	1 Quarter
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-437.00	USD	3 Qtrs
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-801.00	USD	1 Quarter
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$15.54K	USD	3 Qtrs
Reclassification to realized gain (included in net income)	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	$14.86K	USD	3 Qtrs
Reclassification to realized gain (included in net income)	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	-	USD	1 Quarter
Reclassification to realized gain (included in net income)	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	-	USD	3 Qtrs
Reclassification to realized gain (included in net income)	`ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax`	-	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$50.12K	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$6.72K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$9.14K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$103.98K	USD	3 Qtrs
Basic Income Per Common Share (in dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic Income Per Common Share (in dollars per share)	`EarningsPerShareBasic`	-	USD	3 Qtrs
Basic Income Per Common Share (in dollars per share)	`EarningsPerShareBasic`	-	USD	3 Qtrs
Basic Income Per Common Share (in dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted Income Per Common Share (in dollars per share)	`EarningsPerShareDiluted`	-	USD	3 Qtrs
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
Diluted Income Per Common Share (in dollars per share)	`EarningsPerShareDiluted`	-	USD	3 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.52K	USD	1 Quarter
Net income	`NetIncomeLoss`	$50.55K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$103.30K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$9.33K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.44K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.14K	USD	3 Qtrs
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.54K	USD	3 Qtrs
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$2.00K	USD	3 Qtrs
Gain on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	$40.16K	USD	3 Qtrs
Gain on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	$14.86K	USD	3 Qtrs
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	3 Qtrs
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$850.00	USD	3 Qtrs
Loss on writedown of equipment	`AssetImpairmentCharges`	-	USD	3 Qtrs
Loss on writedown of equipment	`AssetImpairmentCharges`	$33.65K	USD	3 Qtrs
Loss on writedown of note receivable	`AllowanceForLoanAndLeaseLossesWriteOffs`	$22.50K	USD	3 Qtrs
Loss on writedown of note receivable	`AllowanceForLoanAndLeaseLossesWriteOffs`	-	USD	3 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$1.62K	USD	1 Quarter
Non-cash compensation expense	`ShareBasedCompensation`	$8.05K	USD	3 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$8.67K	USD	3 Qtrs
Non-cash compensation expense	`ShareBasedCompensation`	$600.00	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-61.35K	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$26.83K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$35.93K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$34.98K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$17.62K	USD	3 Qtrs
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	$15.08K	USD	3 Qtrs
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	$1.97K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-417.00	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.55K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.84K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.61K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-30.43K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-33.60K	USD	3 Qtrs
Borrowed shares	`IncreaseDecreaseInSecuritiesBorrowedLiability`	-	USD	3 Qtrs
Borrowed shares	`IncreaseDecreaseInSecuritiesBorrowedLiability`	$-60.96K	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`	$-59.36K	USD	3 Qtrs
Net Cash Provided by (Used In) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$53.19K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.90K	USD	3 Qtrs
Purchases of investments in real property tax liens	`PaymentsToAcquireInvestments`	$9.27K	USD	3 Qtrs
Purchases of investments in real property tax liens	`PaymentsToAcquireInvestments`	$3.70K	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$850.00	USD	3 Qtrs
Advances made under notes receivable	`PaymentsToAcquireNotesReceivable`	$390.00K	USD	3 Qtrs
Advances made under notes receivable	`PaymentsToAcquireNotesReceivable`	$250.00K	USD	3 Qtrs
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$250.00K	USD	3 Qtrs
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$270.62K	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$25.00K	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$618.11K	USD	3 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$758.27K	USD	3 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$39.86K	USD	3 Qtrs
Proceeds from collection of note receivable, non-performing	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$399.86K	USD	3 Qtrs
Proceeds from collection of note receivable, non-performing	`ProceedsFromSaleAndCollectionOfNotesReceivable`	-	USD	3 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$399.40K	USD	3 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$17.09K	USD	3 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$452.60K	USD	3 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-42.27K	USD	3 Qtrs
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.83M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	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`	$1.83M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	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`	$1.62K	USD	1 Quarter
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$8.05K	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`	$600.00	USD	1 Quarter

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