10-Q/A Filing

DIGITAL TURBINE, INC. CIK: 317788 Q1 2011

Filing Information

Form Type	10-Q/A
Accession Number	`0001144204-11-050389`
Period End Date	20110630
Filing Date	20110829
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	mndl-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 51 Cash Flow Statement 47 Stockholders Equity 12

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$96.00K	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$96.00K	USD	Point-in-time
Long term debt and convertible debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$1.65M	USD	Point-in-time
Long term debt and convertible debt, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$1.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$845.00K	USD	Point-in-time
Series A convertible preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$649.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.93M	USD	Point-in-time
Series A convertible preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowances of $96 and $96, respectively	`AccountsReceivableNetCurrent`	$2.31M	USD	Point-in-time
Accounts receivable, net of allowances of $96 and $96, respectively	`AccountsReceivableNetCurrent`	$2.70M	USD	Point-in-time
Series A convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Series A convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$296.00K	USD	Point-in-time
Series A convertible preferred stock, issued	`PreferredStockSharesIssued`	100,000.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$304.00K	USD	Point-in-time
Series A convertible preferred stock, issued	`PreferredStockSharesIssued`	100,000.00	shares	Point-in-time
Series A convertible preferred stock, outstanding	`PreferredStockSharesOutstanding`	100,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.26M	USD	Point-in-time
Series A convertible preferred stock, outstanding	`PreferredStockSharesOutstanding`	100,000.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$351.00K	USD	Point-in-time
Series A convertible preferred stock, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$1.00M	USD	Point-in-time
Series A convertible preferred stock, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$1.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$388.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.37M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.31M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$6.61M	USD	Point-in-time
Goodwill	`Goodwill`	$6.61M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$14.20M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$13.53M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	41.27M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	41.77M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	41.77M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	41.27M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.81M	USD	Point-in-time
Accrued license fees	`OtherAccruedLiabilitiesCurrent`	$1.19M	USD	Point-in-time
Accrued license fees	`OtherAccruedLiabilitiesCurrent`	$1.32M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$239.00K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$371.00K	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$115.00K	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$111.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.96M	USD	Point-in-time
Total currrent liabilities	`LiabilitiesCurrent`	$7.06M	USD	Point-in-time
Total currrent liabilities	`LiabilitiesCurrent`	$7.44M	USD	Point-in-time
Long term debt and convertible debt, net of discount of $1,648 and $1,856, respectively	`LongTermDebtNoncurrent`	$4.35M	USD	Point-in-time
Long term debt and convertible debt, net of discount of $1,648 and $1,856, respectively	`LongTermDebtNoncurrent`	$4.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.59M	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock Series A convertible preferred stock at $0.0001 par value; 100,000 shares authorized, issued and outstanding (liquidation preference of $1,000,000)	`PreferredStockValue`	$100.00K	USD	Point-in-time
Preferred stock Series A convertible preferred stock at $0.0001 par value; 100,000 shares authorized, issued and outstanding (liquidation preference of $1,000,000)	`PreferredStockValue`	$100.00K	USD	Point-in-time
Common stock, $0.0001 par value: 100,000,000 shares authorized;41,771,469 issued and outstanding at June 30, 2011;41,274,225 issued and outstanding at March 31, 2011;	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock, $0.0001 par value: 100,000,000 shares authorized;41,771,469 issued and outstanding at June 30, 2011;41,274,225 issued and outstanding at March 31, 2011;	`CommonStockValue`	$5.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$99.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$99.54M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-291.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-185.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-97.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-96.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.12M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$13.53M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$14.20M	USD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	$1.89M	USD	1 Quarter
Net revenues	`Revenues`	$2.86M	USD	1 Quarter
License fees	`LicenseCosts`	$586.00K	USD	1 Quarter
License fees	`LicenseCosts`	$492.00K	USD	1 Quarter
Other direct cost of revenues	`OtherCostOfOperatingRevenue`	$58.00K	USD	1 Quarter
Other direct cost of revenues	`OtherCostOfOperatingRevenue`	$76.00K	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$550.00K	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$662.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$2.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.34M	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$664.00K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$1.07M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$596.00K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$235.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.83M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$915.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$17.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.81M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.52M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-471.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.32M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$367.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$680.00K	USD	1 Quarter
Foreign exchange transaction gain / (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$48.00K	USD	1 Quarter
Foreign exchange transaction gain / (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-157.00K	USD	1 Quarter
Other income / (expense)	`OtherNonoperatingIncomeExpense`	$50.00K	USD	1 Quarter
Other income / (expense)	`OtherNonoperatingIncomeExpense`	$-187.00K	USD	1 Quarter
Interest and other expense	`NonoperatingIncomeExpense`	$-269.00K	USD	1 Quarter
Interest and other expense	`NonoperatingIncomeExpense`	$-1.02M	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.34M	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-740.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$68.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$31.00K	USD	1 Quarter
Net loss from continuing operations net of taxes	`IncomeLossFromContinuingOperations`	$-771.00K	USD	1 Quarter
Net loss from continuing operations net of taxes	`IncomeLossFromContinuingOperations`	$-2.41M	USD	1 Quarter
Income from discontinued operations net of taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$709.00K	USD	1 Quarter
Gain on disposal of discontinued operations, net of taxes	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$4.32M	USD	1 Quarter
Net income from discontinued operations, net of taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$5.02M	USD	1 Quarter
Net (loss)/profit	`NetIncomeLoss`	$2.61M	USD	1 Quarter
Net (loss)/profit	`NetIncomeLoss`	$-771.00K	USD	1 Quarter
Comprehensive (loss)/income	`ComprehensiveIncomeNetOfTax`	$-665.00K	USD	1 Quarter
Comprehensive (loss)/income	`ComprehensiveIncomeNetOfTax`	$2.79M	USD	1 Quarter
Basic and diluted net income / (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted net income / (loss) per common share	`EarningsPerShareBasicAndDiluted`	$0.07	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.06	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.13	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberBasicDilutedSharesOutstanding`	39.38M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberBasicDilutedSharesOutstanding`	41.68M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net (loss)/income	`NetIncomeLoss`	$2.61M	USD	1 Quarter
Net (loss)/income	`NetIncomeLoss`	$-771.00K	USD	1 Quarter
Gain on disposal of discontinued operations, net of taxes, net of impact of foreign currency translation	`DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax`	$-4.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$129.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$347.00K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$208.00K	USD	1 Quarter
Allowance for doubtful accounts	`ProvisionForReductionOfDoubtfulAccounts`	$159.00K	USD	1 Quarter
Issuance of common stock as part of compensation	`ShareBasedCompensation`	$192.00K	USD	1 Quarter
Issuance of common stock as part of compensation	`ShareBasedCompensation`	$69.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.06M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-392.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$40.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-423.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.02M	USD	1 Quarter
Accrued license fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$245.00K	USD	1 Quarter
Accrued license fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$132.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-132.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-156.00K	USD	1 Quarter
Other liabilities and other items:	`IncreaseDecreaseInOtherOperatingLiabilities`	$38.00K	USD	1 Quarter
Other liabilities and other items:	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.61M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-268.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-351.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.00K	USD	1 Quarter
Transaction costs	`PaymentsForProceedsFromOtherInvestingActivities`	$548.00K	USD	1 Quarter
Cash remaining with disposed subsidiary	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$641.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.25M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.00K	USD	1 Quarter
Proceeds from new convertible debt	`ProceedsFromConvertibleDebt`	$2.50M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.50M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$106.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$139.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-196.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.04M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.89M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$845.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$649.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.93M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.89M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$845.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$649.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.93M	USD	Point-in-time
Taxes paid	`IncomeTaxesPaid`	$68.00K	USD	1 Quarter
Taxes paid	`IncomeTaxesPaid`	$31.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$367.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$680.00K	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$2.62M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.12M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$2.61M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-771.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$106.00K	USD	1 Quarter
Issuance of common stock as part of compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$70.00K	USD	1 Quarter
Issuance of warrants to vendor for services rendered	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$15.00K	USD	1 Quarter
Stock issued for services	`StockIssuedDuringPeriodValueNewIssues`	$82.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-665.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$2.79M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$2.62M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$2.12M	USD	Point-in-time

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