10-Q Filing

MASTECH DIGITAL, INC. CIK: 1437226 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-220671`
Period End Date	20120331
Filing Date	20120509
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	mhh-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 28 Cash Flow Statement 45

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$305.00K	USD	Point-in-time
Accounts receivable, allowance for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$305.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.33M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.75M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.84M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Accounts receivable, net of allowance for uncollectible accounts of $305 in 2012 and in 2011	`AccountsReceivableNetCurrent`	$10.43M	USD	Point-in-time
Accounts receivable, net of allowance for uncollectible accounts of $305 in 2012 and in 2011	`AccountsReceivableNetCurrent`	$8.67M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Unbilled receivables	`UnbilledContractsReceivable`	$1.50M	USD	Point-in-time
Unbilled receivables	`UnbilledContractsReceivable`	$4.78M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssets`	$1.05M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssets`	$722.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$177.00K	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
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$153.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.71M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$18.90M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.72M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$17.08M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	572,772.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	142,886.00	shares	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$1.72M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$1.68M	USD	Point-in-time
Enterprise software	`FiniteLivedComputerSoftwareGross`	$675.00K	USD	Point-in-time
Enterprise software	`FiniteLivedComputerSoftwareGross`	$709.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$555.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$555.00K	USD	Point-in-time
Total equipment, enterprise software, and leasehold improvements	`PropertyPlantAndEquipmentGross`	$2.98M	USD	Point-in-time
Total equipment, enterprise software, and leasehold improvements	`PropertyPlantAndEquipmentGross`	$2.91M	USD	Point-in-time
Less - accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.68M	USD	Point-in-time
Less - accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.64M	USD	Point-in-time
Net equipment, enterprise software, and leasehold improvements	`PropertyPlantAndEquipmentNet`	$304.00K	USD	Point-in-time
Net equipment, enterprise software, and leasehold improvements	`PropertyPlantAndEquipmentNet`	$273.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$53.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$46.00K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinancingCostNetOfAmortization`	$74.00K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinancingCostNetOfAmortization`	$67.00K	USD	Point-in-time
Goodwill	`Goodwill`	$405.00K	USD	Point-in-time
Goodwill	`Goodwill`	$405.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$80.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$181.00K	USD	Point-in-time
Total assets	`Assets`	$19.79M	USD	Point-in-time
Total assets	`Assets`	$18.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.23M	USD	Point-in-time
Accrued payroll and related costs	`EmployeeRelatedLiabilitiesCurrent`	$4.00M	USD	Point-in-time
Accrued payroll and related costs	`EmployeeRelatedLiabilitiesCurrent`	$4.54M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$324.00K	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$296.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$106.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$58.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.74M	USD	Point-in-time
Commitments and contingent liabilities (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 4)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, no par value; 20,000,000 shares authorized; none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, no par value; 20,000,000 shares authorized; none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.01; 100,000,000 shares authorized and 3,717,097 shares issued as of March 31, 2012 and 3,711,988 shares issued as of December 31, 2011	`CommonStockValue`	$37.00K	USD	Point-in-time
Common stock, par value $.01; 100,000,000 shares authorized and 3,717,097 shares issued as of March 31, 2012 and 3,711,988 shares issued as of December 31, 2011	`CommonStockValue`	$37.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$10.11M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$10.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.81M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.46M	USD	Point-in-time
Treasury stock, at cost; 572,772 shares as of March 31, 2012 and 142,886 as of December 31, 2011	`TreasuryStockValue`	$3.06M	USD	Point-in-time
Treasury stock, at cost; 572,772 shares as of March 31, 2012 and 142,886 as of December 31, 2011	`TreasuryStockValue`	$566.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$13.05M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$10.95M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$19.79M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$18.08M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$19.90M	USD	1 Quarter
Revenues	`Revenues`	$24.45M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$16.06M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$19.99M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.84M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.78M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.86M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$66.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$596.00K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-6.00K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-16.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-7.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-1.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$573.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$59.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$221.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$22.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$352.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.48M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3.69M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.58M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.80M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$352.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$47.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$45.00K	USD	1 Quarter
Interest amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$7.00K	USD	1 Quarter
Bad debt (credit) expense	`ProvisionForOtherLosses`	$-50.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$38.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$64.00K	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-77.00K	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-28.00K	USD	1 Quarter
Loss in unconsolidated affiliate	`GainLossOnSaleOfOtherInvestments`	$-2.00K	USD	1 Quarter
Accounts receivable and unbilled receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$1.34M	USD	1 Quarter
Accounts receivable and unbilled receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$1.53M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-324.00K	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-568.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-75.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.07M	USD	1 Quarter
Accrued payroll and related costs	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$371.00K	USD	1 Quarter
Accrued payroll and related costs	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$540.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-28.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-46.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-48.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-5.00K	USD	1 Quarter
Net cash flows (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-449.00K	USD	1 Quarter
Net cash flows (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.45M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$71.00K	USD	1 Quarter
Net cash flows (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.00K	USD	1 Quarter
Net cash flows (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-71.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$17.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$2.49M	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.00K	USD	1 Quarter
(Reduction) in excess tax benefits related to stock options, net	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-5.00K	USD	1 Quarter
Net cash flows (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.49M	USD	1 Quarter
Net cash flows (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.01M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.49M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.33M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.75M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.75M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.84M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.33M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.75M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.75M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.84M	USD	Point-in-time

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