10-Q Filing

INNODATA INC CIK: 903651 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-100531`
Period End Date	20160331
Filing Date	20160510
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	inod-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 42 Cash Flow Statement 46 Stockholders Equity 19

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Serial preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Serial preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Serial preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Serial preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.42M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.39M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$9.25M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.32M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.07M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.90M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.45M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.02M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$339.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$282.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.07M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.45M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$39.06M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.62M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.62M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$37.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.51M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.72M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.33M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.28M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.38M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.34M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsCurrent`	$4.12M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsCurrent`	$3.99M	USD	Point-in-time
Goodwill	`Goodwill`	$1.53M	USD	Point-in-time
Goodwill	`Goodwill`	$1.48M	USD	Point-in-time
Goodwill	`Goodwill`	$1.64M	USD	Point-in-time
Goodwill	`Goodwill`	$1.55M	USD	Point-in-time
Total assets	`Assets`	$52.85M	USD	Point-in-time
Total assets	`Assets`	$51.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.25M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.33M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.31M	USD	Point-in-time
Accrued salaries, wages and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$4.91M	USD	Point-in-time
Accrued salaries, wages and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$4.74M	USD	Point-in-time
Income and other taxes	`TaxesPayableCurrent`	$1.25M	USD	Point-in-time
Income and other taxes	`TaxesPayableCurrent`	$1.25M	USD	Point-in-time
Current portion of long-term obligations	`LongTermDebtCurrent`	$1.45M	USD	Point-in-time
Current portion of long-term obligations	`LongTermDebtCurrent`	$1.58M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$76.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.38M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$716.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$737.00K	USD	Point-in-time
Long-term obligations	`LongTermDebtNoncurrent`	$3.44M	USD	Point-in-time
Long-term obligations	`LongTermDebtNoncurrent`	$3.59M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Non-controlling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$-3.36M	USD	Point-in-time
Non-controlling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$-3.51M	USD	Point-in-time
Serial preferred stock; 5,000,000 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Serial preferred stock; 5,000,000 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value; 75,000,000 shares authorized; 27,069,000 shares issued and 25,445,000 outstanding at March 31, 2016 and December 31, 2015	`CommonStockValue`	$270.00K	USD	Point-in-time
Common stock, $.01 par value; 75,000,000 shares authorized; 27,069,000 shares issued and 25,445,000 outstanding at March 31, 2016 and December 31, 2015	`CommonStockValue`	$270.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.61M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.92M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.93M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-84.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-287.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$629.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-310.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock, Total	`StockholdersEquityBeforeTreasuryStock`	$42.70M	USD	Point-in-time
Stockholders' Equity before Treasury Stock, Total	`StockholdersEquityBeforeTreasuryStock`	$43.44M	USD	Point-in-time
Less: treasury stock, 1,624,000 shares at March 31, 2016 and December 31, 2015, at cost	`TreasuryStockValue`	$4.49M	USD	Point-in-time
Less: treasury stock, 1,624,000 shares at March 31, 2016 and December 31, 2015, at cost	`TreasuryStockValue`	$4.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$38.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$38.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$37.65M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$39.22M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$52.85M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$51.24M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$15.70M	USD	1 Quarter
Revenues	`Revenues`	$13.80M	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$11.12M	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$11.46M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.13M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.81M	USD	1 Quarter
Interest expense (income), net	`InterestIncomeExpenseNet`	$-13.00K	USD	1 Quarter
Interest expense (income), net	`InterestIncomeExpenseNet`	$26.00K	USD	1 Quarter
Totals	`CostsAndExpenses`	$15.23M	USD	1 Quarter
Totals	`CostsAndExpenses`	$15.29M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$409.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.43M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$554.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$518.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-109.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.99M	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-112.00K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-146.00K	USD	1 Quarter
Net income (loss) attributable to Innodata Inc. and Subsidiaries	`NetIncomeLoss`	$3.00K	USD	1 Quarter
Net income (loss) attributable to Innodata Inc. and Subsidiaries	`NetIncomeLoss`	$-1.84M	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.45M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.34M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.34M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.57M	shares	1 Quarter
Net loss	`ProfitLoss`	$-109.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.99M	USD	1 Quarter
Pension liability adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$82.00K	USD	1 Quarter
Pension liability adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-10.00K	USD	1 Quarter
Change in fair value of derivatives, net of taxes	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$506.00K	USD	1 Quarter
Change in fair value of derivatives, net of taxes	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$439.00K	USD	1 Quarter
Foreign currency translation adjustment, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-356.00K	USD	1 Quarter
Foreign currency translation adjustment, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$539.00K	USD	1 Quarter
Other Comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-23.00K	USD	1 Quarter
Other Comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$713.00K	USD	1 Quarter
Total Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$604.00K	USD	1 Quarter
Total Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.01M	USD	1 Quarter
Comprehensive loss attributed to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-146.00K	USD	1 Quarter
Comprehensive loss attributed to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-112.00K	USD	1 Quarter
Comprehensive income (loss) attributable to Innodata Inc. and Subsidiaries	`ComprehensiveIncomeNetOfTax`	$-1.86M	USD	1 Quarter
Comprehensive income (loss) attributable to Innodata Inc. and Subsidiaries	`ComprehensiveIncomeNetOfTax`	$716.00K	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-109.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$652.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$727.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$279.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$285.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-167.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-135.00K	USD	1 Quarter
Pension cost	`DefinedContributionPlanCostRecognized`	$188.00K	USD	1 Quarter
Pension cost	`DefinedContributionPlanCostRecognized`	$64.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.26M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.17M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-252.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-521.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$15.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$67.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.18M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$487.00K	USD	1 Quarter
Accrued salaries, wages and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-220.00K	USD	1 Quarter
Accrued salaries, wages and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-170.00K	USD	1 Quarter
Income and other taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$-4.00K	USD	1 Quarter
Income and other taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$-72.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.06M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$729.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$153.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$186.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-153.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-186.00K	USD	1 Quarter
Payment of long term obligations	`RepaymentsOfLongTermDebt`	$190.00K	USD	1 Quarter
Payment of long term obligations	`RepaymentsOfLongTermDebt`	$482.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-190.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-482.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-183.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$92.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$478.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.21M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.22M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.42M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.39M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.22M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.42M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.39M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$302.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$124.00K	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$38.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$38.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$37.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$39.22M	USD	Point-in-time
Net Income (loss)	`NetIncomeLoss`	$3.00K	USD	1 Quarter
Net Income (loss)	`NetIncomeLoss`	$-1.84M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$279.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$285.00K	USD	1 Quarter
Acquisition of non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$260.00K	USD	1 Quarter
Pension liability adjustments, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$82.00K	USD	1 Quarter
Pension liability adjustments, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-10.00K	USD	1 Quarter
Foreign currency translation adjustment, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-356.00K	USD	1 Quarter
Foreign currency translation adjustment, net of taxes	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$539.00K	USD	1 Quarter
Change in fair value of derivatives, net of taxes	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$506.00K	USD	1 Quarter
Change in fair value of derivatives, net of taxes	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$439.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$38.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$38.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$37.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$39.22M	USD	Point-in-time

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