10-K Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001437749-16-028505`
Period End Date	20151231
Filing Date	20160328
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	erms-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 26 Cash Flow Statement 64 Stockholders Equity 14 Comprehensive Income 2

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.10K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.04K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$15.41K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$23.52K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	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
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investment in available for sale securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$23.64K	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	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
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$1.08M	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$702.50K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $5,044 and $5,101	`AccountsReceivableNetCurrent`	$67.01K	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 $5,044 and $5,101	`AccountsReceivableNetCurrent`	$67.77K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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
Inventory	`InventoryNet`	$79.19K	USD	Point-in-time
Inventory	`InventoryNet`	$101.93K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	24.22M	shares	Point-in-time
Advance to hotels	`OtherReceivablesNetCurrent`	$78.47K	USD	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`	$3.37K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$111.06K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.60M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.57M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $23,524 and $15,409	`PropertyPlantAndEquipmentNet`	$39.81K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $23,524 and $15,409	`PropertyPlantAndEquipmentNet`	$63.29K	USD	Point-in-time
INVESTMENT IN REAL PROPERTY TAX LIENS	`OtherLongTermInvestments`	$3.14K	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`	$2.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.48K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.78K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$80.19K	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`	$92.68K	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`	$92.68K	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`	$24.17K	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
Additional paid-in capital	`AdditionalPaidInCapital`	$34.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.74M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$906.00	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`	$2.55M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$903.69K	USD	Annual
REVENUE	`Revenues`	$794.46K	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$521.39K	USD	Annual
COST OF REVENUE	`CostOfRevenue`	$401.91K	USD	Annual
GROSS MARGIN	`GrossProfit`	$382.30K	USD	Annual
GROSS MARGIN	`GrossProfit`	$392.55K	USD	Annual
Selling, general and administrative expense, including non-cash compensation of $8,054 and $8,669	`SellingGeneralAndAdministrativeExpense`	$436.02K	USD	Annual
Selling, general and administrative expense, including non-cash compensation of $8,054 and $8,669	`SellingGeneralAndAdministrativeExpense`	$421.78K	USD	Annual
Research and development expense	`ResearchAndDevelopmentExpense`	$49.05K	USD	Annual
Research and development expense	`ResearchAndDevelopmentExpense`	$43.90K	USD	Annual
Net Operating Expenses	`OperatingExpenses`	$479.92K	USD	Annual
Net Operating Expenses	`OperatingExpenses`	$470.83K	USD	Annual
Investment Income	`InvestmentIncomeInterestAndDividend`	$139.84K	USD	Annual
Investment Income	`InvestmentIncomeInterestAndDividend`	$200.38K	USD	Annual
Net Income	`NetIncomeLoss`	$113.02K	USD	Annual
Net Income	`NetIncomeLoss`	$51.30K	USD	Annual
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$16.58K	USD	Annual
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-815.00	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	`ComprehensiveIncomeNetOfTax`	$114.74K	USD	Annual
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$50.49K	USD	Annual
Basic Income Per Common Share (in dollars per share)	`EarningsPerShareBasic`	-	USD	Annual
Basic Income Per Common Share (in dollars per share)	`EarningsPerShareBasic`	-	USD	Annual
Diluted Income Per Common Share (in dollars per share)	`EarningsPerShareDiluted`	-	USD	Annual
Diluted Income Per Common Share (in dollars per share)	`EarningsPerShareDiluted`	-	USD	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$113.02K	USD	Annual
Net income	`NetIncomeLoss`	$51.30K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.45K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.61K	USD	Annual
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$5.03K	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`	$40.16K	USD	Annual
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$850.00	USD	Annual
Loss on writedown of equipment	`AssetImpairmentCharges`	-	USD	Annual
Loss on writedown of equipment	`AssetImpairmentCharges`	$33.65K	USD	Annual
Loss on writedown of note receivable	`AllowanceForLoanAndLeaseLossesWriteOffs`	-	USD	Annual
Loss on writedown of note receivable	`AllowanceForLoanAndLeaseLossesWriteOffs`	-	USD	Annual
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$8.05K	USD	Annual
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$8.67K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-61.35K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$61.35K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-763.00	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.54K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$50.95K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$8.34K	USD	Annual
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	$27.95K	USD	Annual
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	$4.10K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-7.70K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$97.82K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.30K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.77K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.80K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$12.37K	USD	Annual
Borrowed shares	`IncreaseDecreaseInSecuritiesBorrowedLiability`	$60.96K	USD	Annual
Borrowed shares	`IncreaseDecreaseInSecuritiesBorrowedLiability`	$-60.96K	USD	Annual
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-4.31K	USD	Annual
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	Annual
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.25K	USD	Annual
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$3.09K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.90K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.54K	USD	Annual
Purchases of investments in real property tax liens	`PaymentsToAcquireInvestments`	$9.27K	USD	Annual
Purchases of investments in real property tax liens	`PaymentsToAcquireInvestments`	$3.70K	USD	Annual
Proceeds from collection of a real property tax lien	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	Annual
Proceeds from collection of a real property tax lien	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$23.24K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$850.00	USD	Annual
Advances made under notes receivable	`PaymentsToAcquireNotesReceivable`	$640.00K	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`	$272.51K	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$25.00K	USD	Annual
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$618.11K	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$758.27K	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$39.86K	USD	Annual
Proceeds from collection of note receivable, non-performing	`ProceedsFromSaleAndCollectionOfNotesReceivable`	-	USD	Annual
Proceeds from collection of note receivable, non-performing	`ProceedsFromSaleAndCollectionOfNotesReceivable`	$399.86K	USD	Annual
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-209.32K	USD	Annual
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$99.40K	USD	Annual
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$77.15K	USD	Annual
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-206.23K	USD	Annual
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.38M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	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`	$1.25M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance at Beginning of Year (in shares)	`CommonStockSharesOutstanding`	24.22M	shares	Point-in-time
Balance at Beginning of Year (in shares)	`CommonStockSharesOutstanding`	24.17M	shares	Point-in-time
Balance at Beginning of Year	`StockholdersEquity`	$2.49M	USD	Point-in-time
Balance at Beginning of Year	`StockholdersEquity`	$2.55M	USD	Point-in-time
Balance at end of year (in shares)	`CommonStockSharesOutstanding`	24.22M	shares	Point-in-time
Balance at end of year (in shares)	`CommonStockSharesOutstanding`	24.17M	shares	Point-in-time
Balance at end of year	`StockholdersEquity`	$2.49M	USD	Point-in-time
Balance at end of year	`StockholdersEquity`	$2.55M	USD	Point-in-time
Net income	`NetIncomeLoss`	$113.02K	USD	Annual
Net income	`NetIncomeLoss`	$51.30K	USD	Annual
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$16.58K	USD	Annual
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-815.00	USD	Annual
Total Stockholders' Equity at End of Year	`StockholdersEquity`	$2.49M	USD	Point-in-time
Total Stockholders' Equity at End of Year	`StockholdersEquity`	$2.55M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$8.05K	USD	Annual
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$8.67K	USD	Annual

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