10-Q Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-031505`
Period End Date	20160331
Filing Date	20160511
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	erms-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 24 Cash Flow Statement 54 Comprehensive Income 2

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.04K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.58K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$25.83K	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
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$23.52K	USD	Point-in-time
Investment in available for sale securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$23.64K	USD	Point-in-time
Investment in available for sale securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$24.02K	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
Notes receivable	`NotesReceivableNetCurrent`	$1.08M	USD	Point-in-time
Notes receivable	`NotesReceivableNetCurrent`	$1.07M	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
Accounts receivable, net of allowance for doubtful accounts of $7,581 and $5,044	`AccountsReceivableNetCurrent`	$67.01K	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
Accounts receivable, net of allowance for doubtful accounts of $7,581 and $5,044	`AccountsReceivableNetCurrent`	$100.71K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Loan receivable	`LoansReceivableNetCurrent`	-	USD	Point-in-time
Loan receivable	`LoansReceivableNetCurrent`	$19.65K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$97.27K	USD	Point-in-time
Inventory	`InventoryNet`	$101.93K	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`	$78.47K	USD	Point-in-time
Advance to hotels	`OtherReceivablesNetCurrent`	$71.49K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	24.22M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	24.22M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$44.73K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.37K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.60M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.59M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $25,832 and $23,524	`PropertyPlantAndEquipmentNet`	$32.74K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $25,832 and $23,524	`PropertyPlantAndEquipmentNet`	$39.81K	USD	Point-in-time
INVESTMENT IN REAL PROPERTY TAX LIENS	`OtherLongTermInvestments`	$3.14K	USD	Point-in-time
INVESTMENT IN REAL PROPERTY TAX LIENS	`OtherLongTermInvestments`	$3.14K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$2.93K	USD	Point-in-time
DEPOSITS	`DepositsAssetsNoncurrent`	$2.93K	USD	Point-in-time
Total Assets	`Assets`	$2.63M	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`	$33.93K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$80.19K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$40.81K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$92.68K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$74.74K	USD	Point-in-time
Total Liabilities	`Liabilities`	$92.68K	USD	Point-in-time
Total Liabilities	`Liabilities`	$74.74K	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 24,217,865	`CommonStockValue`	$24.22K	USD	Point-in-time
Common stock, $0.001 par value; 50,000,000 shares authorized; shares outstanding 24,217,865 and 24,217,865	`CommonStockValue`	$24.22K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.22M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$34.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.69M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$906.00	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.28K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.55M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.55M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.64M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.63M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$199.79K	USD	1 Quarter
REVENUE	`Revenues`	$229.06K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$110.69K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$148.07K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$80.99K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$89.10K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $3,650 and $0	`SellingGeneralAndAdministrativeExpense`	$91.08K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $3,650 and $0	`SellingGeneralAndAdministrativeExpense`	$93.79K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$14.69K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$12.50K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$105.78K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$106.29K	USD	1 Quarter
Investment Income	`InvestmentIncomeInterestAndDividend`	$28.25K	USD	1 Quarter
Investment Income	`InvestmentIncomeInterestAndDividend`	$25.21K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$421.00	USD	1 Quarter
Net Income	`NetIncomeLoss`	$11.06K	USD	1 Quarter
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$378.00	USD	1 Quarter
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$478.00	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$799.00	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 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$421.00	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.06K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.27K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.31K	USD	1 Quarter
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-9.00	USD	1 Quarter
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$5.09K	USD	1 Quarter
Gain on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	$8.36K	USD	1 Quarter
Gain on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	-	USD	1 Quarter
Loss on writedown of equipment	`AssetImpairmentCharges`	$261.00	USD	1 Quarter
Loss on writedown of equipment	`AssetImpairmentCharges`	-	USD	1 Quarter
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$3.65K	USD	1 Quarter
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-61.35K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$33.70K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$31.73K	USD	1 Quarter
Loan receivable	`PaymentsForProceedsFromLoansReceivable`	$19.65K	USD	1 Quarter
Loan receivable	`PaymentsForProceedsFromLoansReceivable`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$36.05K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-12.28K	USD	1 Quarter
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	$3.61K	USD	1 Quarter
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	$-6.99K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$41.36K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.72K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$21.45K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.17K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-39.38K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-33.96K	USD	1 Quarter
Borrowed shares	`IncreaseDecreaseInSecuritiesBorrowedLiability`	-	USD	1 Quarter
Borrowed shares	`IncreaseDecreaseInSecuritiesBorrowedLiability`	$-60.96K	USD	1 Quarter
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-87.00K	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`	$2.86K	USD	1 Quarter
Advances made under notes receivable	`PaymentsToAcquireNotesReceivable`	-	USD	1 Quarter
Advances made under notes receivable	`PaymentsToAcquireNotesReceivable`	$390.00K	USD	1 Quarter
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$7.08K	USD	1 Quarter
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$1.91K	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$91.55K	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	1 Quarter
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$199.90K	USD	1 Quarter
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-274.56K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-946.00	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-371.50K	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-87.95K	USD	1 Quarter
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.16M	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`	$1.25M	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`	$1.16M	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`	$1.25M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$3.65K	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.