10-K Filing

INNODATA INC CIK: 903651 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001144204-18-016374`
Period End Date	20171231
Filing Date	20180322
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	inod-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 44 Cash Flow Statement 58 Stockholders Equity 21

Balance Sheet 76 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`	$14.17M	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`	$11.41M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.29M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$9.95M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.12M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.56M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.63M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.88M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$25.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.25M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.62M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.68M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.68M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.19M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.16M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.38M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.64M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.76M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsCurrent`	$8.19M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsCurrent`	$7.61M	USD	Point-in-time
Goodwill	`Goodwill`	$2.83M	USD	Point-in-time
Goodwill	`Goodwill`	$2.73M	USD	Point-in-time
Goodwill	`Goodwill`	$1.48M	USD	Point-in-time
Total assets	`Assets`	$47.87M	USD	Point-in-time
Total assets	`Assets`	$47.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.26M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.02M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.57M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.33M	USD	Point-in-time
Accrued salaries, wages and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$5.04M	USD	Point-in-time
Accrued salaries, wages and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$5.54M	USD	Point-in-time
Income and other taxes	`TaxesPayableCurrent`	$1.33M	USD	Point-in-time
Income and other taxes	`TaxesPayableCurrent`	$1.10M	USD	Point-in-time
Current portion of long-term obligations	`LongTermDebtCurrent`	$1.12M	USD	Point-in-time
Current portion of long-term obligations	`LongTermDebtCurrent`	$2.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.84M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$614.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$680.00K	USD	Point-in-time
Long-term obligations, net of current portion	`LongTermDebtNoncurrent`	$4.48M	USD	Point-in-time
Long-term obligations, net of current portion	`LongTermDebtNoncurrent`	$3.92M	USD	Point-in-time
Non-controlling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$-3.63M	USD	Point-in-time
Non-controlling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$-3.94M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	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; 27,559,000 shares issued and 25,878,000 outstanding at December 31, 2017 and 27,305,000 shares issued and 25,624,000 outstanding at December 31, 2016	`CommonStockValue`	$275.00K	USD	Point-in-time
Common stock, $.01 par value; 75,000,000 shares authorized; 27,559,000 shares issued and 25,878,000 outstanding at December 31, 2017 and 27,305,000 shares issued and 25,624,000 outstanding at December 31, 2016	`CommonStockValue`	$273.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$27.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$26.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.34M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.40M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-324.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$846.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-84.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock, Total	`StockholdersEquityBeforeTreasuryStock`	$35.74M	USD	Point-in-time
Stockholders' Equity before Treasury Stock, Total	`StockholdersEquityBeforeTreasuryStock`	$38.41M	USD	Point-in-time
Less: treasury stock, 1,681,000 shares at December 31, 2017 and December 31, 2016, at cost	`TreasuryStockValue`	$4.62M	USD	Point-in-time
Less: treasury stock, 1,681,000 shares at December 31, 2017 and December 31, 2016, at cost	`TreasuryStockValue`	$4.62M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$38.21M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$31.12M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$33.78M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$47.87M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$47.59M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$63.07M	USD	Annual
Revenues	`Revenues`	$60.93M	USD	Annual
Direct operating costs	`DirectOperatingCosts`	$47.22M	USD	Annual
Direct operating costs	`DirectOperatingCosts`	$45.83M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$19.54M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$20.20M	USD	Annual
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	-	USD	Annual
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$1.04M	USD	Annual
Totals	`CostsAndExpenses`	$67.80M	USD	Annual
Totals	`CostsAndExpenses`	$66.03M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-4.72M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-5.10M	USD	Annual
Interest expense (income), net	`InterestIncomeExpenseNonoperatingNet`	$23.00K	USD	Annual
Interest expense (income), net	`InterestIncomeExpenseNonoperatingNet`	$-63.00K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.07M	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.79M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$285.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.13M	USD	Annual
Net loss	`ProfitLoss`	$-5.36M	USD	Annual
Net loss	`ProfitLoss`	$-5.91M	USD	Annual
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-387.00K	USD	Annual
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-304.00K	USD	Annual
Net loss attributable to Innodata Inc. and Subsidiaries	`NetIncomeLoss`	$-5.05M	USD	Annual
Net loss attributable to Innodata Inc. and Subsidiaries	`NetIncomeLoss`	$-5.52M	USD	Annual
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	Annual
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25,542.00	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25,816.00	shares	Annual
Net loss	`ProfitLoss`	$-5.36M	USD	Annual
Net loss	`ProfitLoss`	$-5.91M	USD	Annual
Pension liability adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$196.00K	USD	Annual
Pension liability adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$136.00K	USD	Annual
Change in fair value of derivatives, net of taxes	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$660.00K	USD	Annual
Change in fair value of derivatives, net of taxes	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-153.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$706.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$49.00K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.17M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-240.00K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-4.19M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-6.15M	USD	Annual
Comprehensive loss attributed to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-387.00K	USD	Annual
Comprehensive loss attributed to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-304.00K	USD	Annual
Comprehensive loss attributable to Innodata Inc. and Subsidiaries	`ComprehensiveIncomeNetOfTax`	$-5.76M	USD	Annual
Comprehensive loss attributable to Innodata Inc. and Subsidiaries	`ComprehensiveIncomeNetOfTax`	$-3.88M	USD	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.36M	USD	Annual
Net loss	`ProfitLoss`	$-5.91M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.67M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.19M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$136.00K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-139.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$695.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.16M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-159.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-255.00K	USD	Annual
Pension cost	`DefinedContributionPlanCostRecognized`	$245.00K	USD	Annual
Pension cost	`DefinedContributionPlanCostRecognized`	$103.00K	USD	Annual
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	-	USD	Annual
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$1.04M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$40.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$133.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-284.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$395.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$188.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.59M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.75M	USD	Annual
Accrued salaries, wages and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$84.00K	USD	Annual
Accrued salaries, wages and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$484.00K	USD	Annual
Income and other taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$-123.00K	USD	Annual
Income and other taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$-258.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.73M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$738.00K	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.74M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.41M	USD	Annual
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.23M	USD	Annual
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.97M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.41M	USD	Annual
Proceeds from equipment financing	`ProceedsFromLongTermCapitalLeaseObligations`	-	USD	Annual
Proceeds from equipment financing	`ProceedsFromLongTermCapitalLeaseObligations`	$793.00K	USD	Annual
Payment of long-term obligations	`RepaymentsOfLongTermDebt`	$703.00K	USD	Annual
Payment of long-term obligations	`RepaymentsOfLongTermDebt`	$1.08M	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$134.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-284.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-837.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$191.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-196.00K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.77M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.74M	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$14.17M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$24.91M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$11.41M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$14.17M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$24.91M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$11.41M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$1.09M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$1.31M	USD	Annual
Vendor financed software licenses acquired	`LicensesRevenue`	-	USD	Annual
Vendor financed software licenses acquired	`LicensesRevenue`	$1.21M	USD	Annual
Common stock issued for MediaMiser acquistion	`StockIssuedDuringPeriodValueAcquisitions`	$525.00K	USD	Annual
Common stock issued for MediaMiser acquistion	`StockIssuedDuringPeriodValueAcquisitions`	$569.00K	USD	Annual

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$38.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$33.78M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-5.05M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.52M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.16M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$695.00K	USD	Annual
Issuance of common stock in connection with MediaMiser acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$525.00K	USD	Annual
Issuance of common stock in connection with MediaMiser acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$569.00K	USD	Annual
Issuance of common stock in connection with MediaMiser acquisition (in shares)	`StockIssuedDuringPeriodSharesAcquisitions`	253,622.00	shares	Point-in-time
Acquisition of non-controlling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$261.00K	USD	Annual
Pension liability adjustments, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$196.00K	USD	Annual
Pension liability adjustments, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$136.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$706.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$49.00K	USD	Annual
Change in fair value of derivatives, net of taxes	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$660.00K	USD	Annual
Change in fair value of derivatives, net of taxes	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-153.00K	USD	Annual
Purchase of treasury stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$134.00K	USD	Annual
Balance	`StockholdersEquity`	$38.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$31.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$33.78M	USD	Point-in-time

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