10-Q Filing

DIGITAL TURBINE, INC. CIK: 317788 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-045814`
Period End Date	20120630
Filing Date	20120814
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	mndl-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 43 Cash Flow Statement 43 Stockholders Equity 8

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$108.00K	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$108.00K	USD	Point-in-time
Current portion of long term debt, discounts	`DebtInstrumentUnamortizedDiscountCurrent`	$813.00K	USD	Point-in-time
Current portion of long term debt, discounts	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Long term debt and convertible debt, discounts	`DebtInstrumentUnamortizedDiscountNoncurrent`	$2.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.24M	USD	Point-in-time
Long term debt and convertible debt, discounts	`DebtInstrumentUnamortizedDiscountNoncurrent`	$980.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$648.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$845.00K	USD	Point-in-time
Accounts receivable, net of allowances of $108 and $108, respectively	`AccountsReceivableNetCurrent`	$1.02M	USD	Point-in-time
Series A Convertible Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowances of $108 and $108, respectively	`AccountsReceivableNetCurrent`	$1.19M	USD	Point-in-time
Series A Convertible Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	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`	$120.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$136.00K	USD	Point-in-time
Series A convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$9.39M	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	100,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$10.11M	USD	Point-in-time
Series A convertible preferred stock, shares issued	`PreferredStockSharesIssued`	100,000.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$201.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$230.00K	USD	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	100,000.00	shares	Point-in-time
Series A convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	100,000.00	shares	Point-in-time
Series A convertible preferred stock, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$1.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$817.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$759.00K	USD	Point-in-time
Series A convertible preferred stock, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$1.00M	USD	Point-in-time
Goodwill	`Goodwill`	$3.64M	USD	Point-in-time
Goodwill	`Goodwill`	$3.64M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$13.99M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$14.80M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	83.51M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	86.03M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	82.26M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	79.73M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.03M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	3.77M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.05M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	3.77M	shares	Point-in-time
Accrued license fees	`OtherAccruedLiabilitiesCurrent`	$1.16M	USD	Point-in-time
Accrued license fees	`OtherAccruedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$370.00K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$582.00K	USD	Point-in-time
Current portion of long term debt, net of discounts of $813 and $0, respectively	`LongTermDebtCurrent`	$2.23M	USD	Point-in-time
Current portion of long term debt, net of discounts of $813 and $0, respectively	`LongTermDebtCurrent`	$75.00K	USD	Point-in-time
Warrant derivative liabilities	`DerivativeLiabilitiesCurrent`	$452.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$553.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$705.00K	USD	Point-in-time
Total currrent liabilities	`LiabilitiesCurrent`	$7.24M	USD	Point-in-time
Total currrent liabilities	`LiabilitiesCurrent`	$6.02M	USD	Point-in-time
Long term debt and convertible debt, net of discounts of $980 and $2,147, respectively	`LongTermDebtNoncurrent`	$3.08M	USD	Point-in-time
Long term debt and convertible debt, net of discounts of $980 and $2,147, respectively	`LongTermDebtNoncurrent`	$1.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.10M	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; 86,033,859 issued and 82,260,860 outstanding at June 30, 2012; 83,506,945 issued and 79,733,946 outstanding at March 31, 2012;	`CommonStockValue`	$7.00K	USD	Point-in-time
Common stock, $0.0001 par value: 100,000,000 shares authorized; 86,033,859 issued and 82,260,860 outstanding at June 30, 2012; 83,506,945 issued and 79,733,946 outstanding at March 31, 2012;	`CommonStockValue`	$7.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$135.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$133.30M	USD	Point-in-time
Treasury Stock (3,772,999 shares at June 30, 2012 and March 31, 2012)	`TreasuryStockValue`	$71.00K	USD	Point-in-time
Treasury Stock (3,772,999 shares at June 30, 2012 and March 31, 2012)	`TreasuryStockValue`	$71.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-163.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-194.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-127.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-130.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$5.38M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$14.80M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$13.99M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	$1.89M	USD	1 Quarter
Net revenues	`Revenues`	$1.29M	USD	1 Quarter
License fees	`LicenseCosts`	$492.00K	USD	1 Quarter
License fees	`LicenseCosts`	$614.00K	USD	1 Quarter
Other direct cost of revenues	`OtherCostOfOperatingRevenue`	$58.00K	USD	1 Quarter
Other direct cost of revenues	`OtherCostOfOperatingRevenue`	$58.00K	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$672.00K	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$550.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.34M	USD	1 Quarter
Gross profit	`GrossProfit`	$618.00K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$664.00K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$366.00K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$103.00K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$235.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.40M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$915.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.87M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.81M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.25M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-471.00K	USD	1 Quarter
Interest income/ (expense)	`InterestIncomeExpenseNet`	$-367.00K	USD	1 Quarter
Interest income/ (expense)	`InterestIncomeExpenseNet`	$-459.00K	USD	1 Quarter
Foreign exchange transaction gain / (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-7.00K	USD	1 Quarter
Foreign exchange transaction gain / (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$48.00K	USD	1 Quarter
Change in fair value of accrued derivative liabilities gain / (loss)	`IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments`	$57.00K	USD	1 Quarter
Change in fair value of accrued derivative liabilities gain / (loss)	`IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments`	$-21.00K	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnSettlementAndConversionOfDebt`	$-7.00K	USD	1 Quarter
Interest and other expense	`NonoperatingIncomeExpense`	$-487.00K	USD	1 Quarter
Interest and other expense	`NonoperatingIncomeExpense`	$-269.00K	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.74M	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-740.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$14.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$31.00K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-2.75M	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-771.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentPeriodIncreaseDecrease`	$31.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentPeriodIncreaseDecrease`	$106.00K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-665.00K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-2.72M	USD	1 Quarter
Basic and diluted net (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted net (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	84.50M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	41.68M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-2.75M	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-771.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$87.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$129.00K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$208.00K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$354.00K	USD	1 Quarter
Interest accrued	`InterestAccretionExpense`	$106.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$122.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$69.00K	USD	1 Quarter
Increase / (decrease) in fair value of derivative liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$21.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-171.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-392.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-423.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-19.00K	USD	1 Quarter
Accrued license fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$132.00K	USD	1 Quarter
Accrued license fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$-106.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-212.00K	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-132.00K	USD	1 Quarter
Other liabilities and other items	`IncreaseDecreaseInOtherOperatingLiabilities`	$-152.00K	USD	1 Quarter
Other liabilities and other items	`IncreaseDecreaseInOtherOperatingLiabilities`	$38.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.59M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-269.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsForProceedsFromProductiveAssets`	$34.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.00K	USD	1 Quarter
Issuance of shares for cash	`ProceedsFromIssuanceOfCommonStock`	$1.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.70M	USD	Annual
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`	$31.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-197.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-559.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.80M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.24M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$648.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$845.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.24M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$648.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$845.00K	USD	Point-in-time
Taxes paid	`IncomeTaxesPaid`	$31.00K	USD	1 Quarter
Interest paid	`InterestPaid`	$367.00K	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$5.70M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.38M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-2.75M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-771.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$31.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$106.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$5.70M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.38M	USD	Point-in-time

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