10-Q Filing

MASTECH DIGITAL, INC. CIK: 1437226 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-183547`
Period End Date	20140331
Filing Date	20140506
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	mhh-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 39 Cash Flow Statement 62 Comprehensive Income 10

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$358.00K	USD	Point-in-time
Accounts receivable, allowance for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$358.00K	USD	Point-in-time
Preferred Stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred Stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$508.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$659.00K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$630.00K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$424.00K	USD	Point-in-time
Accounts receivable, net of allowance for uncollectible accounts of $358 in 2014 and in 2013	`AccountsReceivableNetCurrent`	$10.71M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable, net of allowance for uncollectible accounts of $358 in 2014 and in 2013	`AccountsReceivableNetCurrent`	$8.60M	USD	Point-in-time
Unbilled receivables	`UnbilledContractsReceivable`	$9.28M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Unbilled receivables	`UnbilledContractsReceivable`	$4.30M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssets`	$822.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssets`	$883.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.05M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.97M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$143.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$199.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.40M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	752,299.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	732,958.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$19.47M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$1.70M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$1.69M	USD	Point-in-time
Enterprise software	`CapitalizedComputerSoftwareGross`	$723.00K	USD	Point-in-time
Enterprise software	`CapitalizedComputerSoftwareGross`	$726.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$547.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$547.00K	USD	Point-in-time
Total equipment, enterprise software, and leasehold improvements	`PropertyPlantAndEquipmentGross`	$2.97M	USD	Point-in-time
Total equipment, enterprise software, and leasehold improvements	`PropertyPlantAndEquipmentGross`	$2.96M	USD	Point-in-time
Less - accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.78M	USD	Point-in-time
Less - accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.81M	USD	Point-in-time
Net equipment, enterprise software, and leasehold improvements	`PropertyPlantAndEquipmentNet`	$158.00K	USD	Point-in-time
Net equipment, enterprise software, and leasehold improvements	`PropertyPlantAndEquipmentNet`	$174.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$184.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$248.00K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinancingCostNetOfAmortization`	$11.00K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinancingCostNetOfAmortization`	$19.00K	USD	Point-in-time
Non-current deposits	`DepositsAssetsNoncurrent`	$210.00K	USD	Point-in-time
Non-current deposits	`DepositsAssetsNoncurrent`	$212.00K	USD	Point-in-time
Total assets	`Assets`	$17.05M	USD	Point-in-time
Total assets	`Assets`	$20.04M	USD	Point-in-time
Short-term borrowings	`LongTermDebtCurrent`	$1.63M	USD	Point-in-time
Short-term borrowings	`LongTermDebtCurrent`	$12.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.03M	USD	Point-in-time
Accrued payroll and related costs	`EmployeeRelatedLiabilitiesCurrent`	$5.20M	USD	Point-in-time
Accrued payroll and related costs	`EmployeeRelatedLiabilitiesCurrent`	$5.70M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$252.00K	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$304.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$47.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$82.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.59M	USD	Point-in-time
Commitments and contingent liabilities (Note 3)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities (Note 3)	`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; 125,000,000 shares authorized and 5,050,249 shares issued as of March 31, 2014 and 4,974,506 shares issued as of December 31, 2013	`CommonStockValue`	$50.00K	USD	Point-in-time
Common Stock, par value $.01; 125,000,000 shares authorized and 5,050,249 shares issued as of March 31, 2014 and 4,974,506 shares issued as of December 31, 2013	`CommonStockValue`	$50.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$11.92M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$12.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$601.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.47M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$48.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$16.00K	USD	Point-in-time
Treasury stock, at cost; 752,299 shares as of March 31, 2014 and 732,958 as of December 31, 2013	`TreasuryStockValue`	$3.40M	USD	Point-in-time
Treasury stock, at cost; 752,299 shares as of March 31, 2014 and 732,958 as of December 31, 2013	`TreasuryStockValue`	$3.13M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$10.49M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$9.46M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$20.04M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$17.05M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Income from discontinued operations, tax expense	`DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod`	$23.00K	USD	1 Quarter
Revenues	`Revenues`	$28.68M	USD	1 Quarter
Income from discontinued operations, tax expense	`DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod`	-	USD	1 Quarter
Revenues	`Revenues`	$24.00M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$19.63M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$23.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.37M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.22M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.83M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.49M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$883.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.39M	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-25.00K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-23.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$31.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$12.00K	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$870.00K	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.40M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$533.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$326.00K	USD	1 Quarter
Net income from continuing operations	`IncomeLossFromContinuingOperations`	$544.00K	USD	1 Quarter
Net income from continuing operations	`IncomeLossFromContinuingOperations`	$869.00K	USD	1 Quarter
Income from discontinued operations, net of tax expense of nil and $23	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$31.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$575.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$869.00K	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.13	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.20	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.01	USD	1 Quarter
Total	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Total	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.13	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.20	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.01	USD	1 Quarter
Total	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Total	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.31M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.18M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.44M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.28M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$575.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$869.00K	USD	1 Quarter
Net (income) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-31.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$31.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$42.00K	USD	1 Quarter
Interest amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$7.00K	USD	1 Quarter
Interest amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$8.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$85.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$85.00K	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$8.00K	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-68.00K	USD	1 Quarter
(Gain) loss on derivative contract	`DerivativeGainLossOnDerivativeNet`	$-8.00K	USD	1 Quarter
(Gain) loss on derivative contract	`DerivativeGainLossOnDerivativeNet`	$13.00K	USD	1 Quarter
Accounts receivable and unbilled receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$2.92M	USD	1 Quarter
Accounts receivable and unbilled receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$1.72M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.00K	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-172.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-123.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$513.00K	USD	1 Quarter
Accrued payroll and related costs	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$664.00K	USD	1 Quarter
Accrued payroll and related costs	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$497.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-4.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-49.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-111.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$35.00K	USD	1 Quarter
Net cash flows provided by (used in) operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$136.00K	USD	1 Quarter
Net cash flows provided by (used in) operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.59M	USD	1 Quarter
Net cash flows provided by (used in) operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$32.00K	USD	1 Quarter
Net cash flows provided by (used in) operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-193.00K	USD	1 Quarter
Net cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-57.00K	USD	1 Quarter
Net cash flows provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.56M	USD	1 Quarter
Payments for non-current deposits	`PaymentsForDeposits`	$1.00K	USD	1 Quarter
Payments for non-current deposits	`PaymentsForDeposits`	$2.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$26.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.00K	USD	1 Quarter
Net cash flows provided by (used in) investing activities of continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-27.00K	USD	1 Quarter
Net cash flows provided by (used in) investing activities of continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-17.00K	USD	1 Quarter
Net cash flows provided by (used in) investing activities of discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-4.00K	USD	1 Quarter
Net cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.00K	USD	1 Quarter
Net cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.00K	USD	1 Quarter
Proceeds from short-term borrowings, net	`ProceedsFromRevolvingBorrowings`	$-1.62M	USD	1 Quarter
Proceeds from short-term borrowings, net	`ProceedsFromRevolvingBorrowings`	$-56.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfEquity`	$272.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.00K	USD	1 Quarter
Increase in excess tax benefits related to stock options, net	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$305.00K	USD	1 Quarter
Net cash flows provided by financing activities of continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$59.00K	USD	1 Quarter
Net cash flows provided by financing activities of continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.66M	USD	1 Quarter
Net cash flows provided by financing activities of discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash flows provided by financing activities of discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$59.00K	USD	1 Quarter
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.66M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$84.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-29.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$508.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$659.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$630.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$424.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$508.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$659.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$630.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$424.00K	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$575.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$869.00K	USD	1 Quarter
Net unrealized gain on cash flow hedges	`AccumulatedOtherComprehensiveIncomeLossCumulativeChangeInNetGainLossFromCashFlowHedgesEffectNetOfTax`	$14.00K	USD	1 Quarter
Net unrealized gain on cash flow hedges	`AccumulatedOtherComprehensiveIncomeLossCumulativeChangeInNetGainLossFromCashFlowHedgesEffectNetOfTax`	$52.00K	USD	1 Quarter
Income tax expense	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$5.00K	USD	1 Quarter
Income tax expense	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$20.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$32.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$9.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$584.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$901.00K	USD	1 Quarter

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