10-Q Filing

EROOMSYSTEM TECHNOLOGIES INC CIK: 1110361 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-036427`
Period End Date	20160630
Filing Date	20160804
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	erms-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 48 Cash Flow Statement 56 Comprehensive Income 4

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.46K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.04K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.29M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$28.69K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$23.52K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
Investment in available for sale securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$23.64K	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`	$25.17K	USD	Point-in-time
Notes receivable	`NotesReceivableNetCurrent`	$425.41K	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
Notes receivable	`NotesReceivableNetCurrent`	$1.08M	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 $4,464 and $5,044	`AccountsReceivableNetCurrent`	$59.32K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $4,464 and $5,044	`AccountsReceivableNetCurrent`	$67.01K	USD	Point-in-time
Inventory	`InventoryNet`	$102.59K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$101.93K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Advance to hotels	`OtherReceivablesNetCurrent`	$78.47K	USD	Point-in-time
Advance to hotels	`OtherReceivablesNetCurrent`	$83.03K	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
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	24.22M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$580.28K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.37K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	24.22M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.60M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.56M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $28,686 and $23,524	`PropertyPlantAndEquipmentNet`	$39.81K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $28,686 and $23,524	`PropertyPlantAndEquipmentNet`	$38.44K	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`	$2.64M	USD	Point-in-time
Total Assets	`Assets`	$2.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.48K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.14K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$80.19K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$23.59K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$44.73K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$92.68K	USD	Point-in-time
Total Liabilities	`Liabilities`	$92.68K	USD	Point-in-time
Total Liabilities	`Liabilities`	$44.73K	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`	$-31.68M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.44K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$906.00	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.56M	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`	$2.61M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$234.36K	USD	1 Quarter
REVENUE	`Revenues`	$463.42K	USD	2 Qtrs
REVENUE	`Revenues`	$414.29K	USD	2 Qtrs
REVENUE	`Revenues`	$214.50K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$123.67K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$234.37K	USD	2 Qtrs
COST OF REVENUE	`CostOfRevenue`	$285.12K	USD	2 Qtrs
COST OF REVENUE	`CostOfRevenue`	$137.05K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$179.92K	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$90.82K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$178.30K	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	$97.31K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $2,434, $6,436, $6,084 and $6,436	`SellingGeneralAndAdministrativeExpense`	$192.41K	USD	2 Qtrs
Selling, general and administrative expense, including non-cash compensation of $2,434, $6,436, $6,084 and $6,436	`SellingGeneralAndAdministrativeExpense`	$101.48K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $2,434, $6,436, $6,084 and $6,436	`SellingGeneralAndAdministrativeExpense`	$101.32K	USD	1 Quarter
Selling, general and administrative expense, including non-cash compensation of $2,434, $6,436, $6,084 and $6,436	`SellingGeneralAndAdministrativeExpense`	$195.27K	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$24.11K	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$10.07K	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$22.57K	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$9.41K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$216.51K	USD	2 Qtrs
Net Operating Expenses	`OperatingExpenses`	$217.84K	USD	2 Qtrs
Net Operating Expenses	`OperatingExpenses`	$110.74K	USD	1 Quarter
Net Operating Expenses	`OperatingExpenses`	$111.55K	USD	1 Quarter
Investment Income	`InvestmentIncomeInterestAndDividend`	$41.96K	USD	2 Qtrs
Investment Income	`InvestmentIncomeInterestAndDividend`	$16.75K	USD	1 Quarter
Investment Income	`InvestmentIncomeInterestAndDividend`	$52.70K	USD	1 Quarter
Investment Income	`InvestmentIncomeInterestAndDividend`	$80.94K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$3.32K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$43.03K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$3.74K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$31.97K	USD	1 Quarter
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.15K	USD	1 Quarter
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-114.00	USD	1 Quarter
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.53K	USD	2 Qtrs
Unrealized holding gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$364.00	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$5.28K	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$4.48K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$31.86K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$43.39K	USD	2 Qtrs
Basic Income Per Common Share (in dollars per share)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic Income Per Common Share (in dollars per share)	`EarningsPerShareBasic`	-	USD	2 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	1 Quarter
Diluted Income Per Common Share (in dollars per share)	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Diluted Income Per Common Share (in dollars per share)	`EarningsPerShareDiluted`	-	USD	2 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

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.32K	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.03K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.74K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$31.97K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.32K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.16K	USD	2 Qtrs
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-5.77K	USD	2 Qtrs
Accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$5.09K	USD	2 Qtrs
Gain on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	-	USD	2 Qtrs
Gain on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	$35.90K	USD	2 Qtrs
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$6.44K	USD	1 Quarter
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$6.08K	USD	2 Qtrs
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$2.43K	USD	1 Quarter
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$6.44K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-61.35K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.31K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.69K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-14.06K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$34.97K	USD	2 Qtrs
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	$3.36K	USD	2 Qtrs
Advance to hotels	`IncreaseDecreaseInOtherReceivables`	$4.55K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$576.91K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-4.27K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.65K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.04K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-45.49K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-56.60K	USD	2 Qtrs
Borrowed shares	`IncreaseDecreaseInSecuritiesBorrowedLiability`	-	USD	2 Qtrs
Borrowed shares	`IncreaseDecreaseInSecuritiesBorrowedLiability`	$-60.96K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-92.72K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-586.92K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.51K	USD	2 Qtrs
Purchases of investments in real property tax liens	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Purchases of investments in real property tax liens	`PaymentsToAcquireInvestments`	$3.70K	USD	2 Qtrs
Advances made under notes receivable	`PaymentsToAcquireNotesReceivable`	-	USD	2 Qtrs
Advances made under notes receivable	`PaymentsToAcquireNotesReceivable`	$390.00K	USD	2 Qtrs
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$643.85K	USD	2 Qtrs
Proceeds from collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$13.83K	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$415.32K	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	-	USD	2 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$518.45K	USD	2 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	2 Qtrs
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-276.75K	USD	2 Qtrs
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$625.34K	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$38.42K	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-369.47K	USD	2 Qtrs
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.08M	USD	Point-in-time
Cash and cash equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.29M	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`	$1.25M	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`	$1.29M	USD	Point-in-time
Cash and cash equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$6.44K	USD	1 Quarter
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$6.08K	USD	2 Qtrs
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$2.43K	USD	1 Quarter
Selling, general and administrative expense, non-cash compensation	`ShareBasedCompensation`	$6.44K	USD	2 Qtrs

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