10-Q Filing

MASTECH DIGITAL, INC. CIK: 1437226 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-165028`
Period End Date	20170331
Filing Date	20170510
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	mhh-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 28 Cash Flow Statement 44 Comprehensive Income 10

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$388.00K	USD	Point-in-time
Accounts receivable, allowance for uncollectible accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$388.00K	USD	Point-in-time
Preferred Stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred Stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$830.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$876.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$848.00K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$829.00K	USD	Point-in-time
Accounts receivable, net of allowance for uncollectible accounts of $388 in 2017 and 2016	`AccountsReceivableNetCurrent`	$17.92M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for uncollectible accounts of $388 in 2017 and 2016	`AccountsReceivableNetCurrent`	$18.70M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Unbilled receivables	`UnbilledContractsReceivable`	$4.67M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Unbilled receivables	`UnbilledContractsReceivable`	$3.19M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$701.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$767.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	125.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.32M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$52.00K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$4.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.32M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	818,569.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$25.02M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	818,569.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$22.68M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$1.23M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$1.20M	USD	Point-in-time
Enterprise software	`CapitalizedComputerSoftwareGross`	$645.00K	USD	Point-in-time
Enterprise software	`CapitalizedComputerSoftwareGross`	$645.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$351.00K	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$354.00K	USD	Point-in-time
Total equipment, enterprise software, and leasehold improvements	`PropertyPlantAndEquipmentGross`	$2.23M	USD	Point-in-time
Total equipment, enterprise software, and leasehold improvements	`PropertyPlantAndEquipmentGross`	$2.20M	USD	Point-in-time
Less - accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.69M	USD	Point-in-time
Less - accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.64M	USD	Point-in-time
Net equipment, enterprise software, and leasehold improvements	`PropertyPlantAndEquipmentNet`	$558.00K	USD	Point-in-time
Net equipment, enterprise software, and leasehold improvements	`PropertyPlantAndEquipmentNet`	$542.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$246.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$254.00K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$50.00K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$59.00K	USD	Point-in-time
Non-current deposits	`DepositsAssetsNoncurrent`	$170.00K	USD	Point-in-time
Non-current deposits	`DepositsAssetsNoncurrent`	$176.00K	USD	Point-in-time
Goodwill	`Goodwill`	$8.43M	USD	Point-in-time
Goodwill	`Goodwill`	$8.43M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$7.31M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$7.11M	USD	Point-in-time
Total assets	`Assets`	$39.47M	USD	Point-in-time
Total assets	`Assets`	$41.58M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.96M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.95M	USD	Point-in-time
Accrued payroll and related costs	`EmployeeRelatedLiabilitiesCurrent`	$7.64M	USD	Point-in-time
Accrued payroll and related costs	`EmployeeRelatedLiabilitiesCurrent`	$5.28M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$592.00K	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$653.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$196.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$85.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.26M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$8.14M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$11.48M	USD	Point-in-time
Total liabilities	`Liabilities`	$22.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$20.39M	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 5,317,148 shares issued as of March 31, 2017 and as of December 31, 2016	`CommonStockValue`	$53.00K	USD	Point-in-time
Common Stock, par value $.01; 125,000,000 shares authorized and 5,317,148 shares issued as of March 31, 2017 and as of December 31, 2016	`CommonStockValue`	$53.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$13.86M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$13.97M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.00K	USD	Point-in-time
Treasury stock, at cost; 818,569 shares as of March 31, 2017 and December 31, 2016	`TreasuryStockValue`	$4.13M	USD	Point-in-time
Treasury stock, at cost; 818,569 shares as of March 31, 2017 and December 31, 2016	`TreasuryStockValue`	$4.13M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$19.39M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$19.07M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$41.58M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$39.47M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$33.10M	USD	1 Quarter
Revenues	`Revenues`	$31.71M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$25.60M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$26.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.21M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.81M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.98M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$403.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$135.00K	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNonoperatingNet`	$-102.00K	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNonoperatingNet`	$-116.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$21.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$322.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$121.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$201.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.35M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.50M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.56M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.45M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$201.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$252.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$255.00K	USD	1 Quarter
Interest amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$10.00K	USD	1 Quarter
Interest amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$9.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$115.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$107.00K	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$-275.00K	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$8.00K	USD	1 Quarter
Loss on disposition of fixed assets	`GainLossOnDispositionOfAssets`	$-4.00K	USD	1 Quarter
Accounts receivable and unbilled receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$1.67M	USD	1 Quarter
Accounts receivable and unbilled receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$2.27M	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$138.00K	USD	1 Quarter
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$23.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$989.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$160.00K	USD	1 Quarter
Accrued payroll and related costs	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.37M	USD	1 Quarter
Accrued payroll and related costs	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-683.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-50.00K	USD	1 Quarter
Other accrued liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-594.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-111.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-64.00K	USD	1 Quarter
Net cash flows (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.87M	USD	1 Quarter
Net cash flows (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.25M	USD	1 Quarter
Payment for non-current deposits	`PaymentsForRecoveryOfNoncurrentDeposits`	$6.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$37.00K	USD	1 Quarter
Net cash flows (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.00K	USD	1 Quarter
Borrowings on revolving credit facility, (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	$3.79M	USD	1 Quarter
Borrowings on revolving credit facility, (net)	`ProceedsFromRepaymentsOfLinesOfCredit`	$3.31M	USD	1 Quarter
(Repayments) on term loan facility	`RepaymentsOfDebt`	$450.00K	USD	1 Quarter
(Repayments) on term loan facility	`RepaymentsOfDebt`	$450.00K	USD	1 Quarter
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.34M	USD	1 Quarter
Net cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.85M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$47.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$830.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$876.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$848.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$829.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$830.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$876.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$848.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$829.00K	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$201.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.00K	USD	1 Quarter
Total pretax net unrealized gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-30.00K	USD	1 Quarter
Total pretax net unrealized gain (loss)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$11.00K	USD	1 Quarter
Income tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-12.00K	USD	1 Quarter
Income tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$5.00K	USD	1 Quarter
Total other comprehensive income gain (loss), net of taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$6.00K	USD	1 Quarter
Total other comprehensive income gain (loss), net of taxes	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-18.00K	USD	1 Quarter
Total comprehensive income gain (loss)	`ComprehensiveIncomeNetOfTax`	$207.00K	USD	1 Quarter
Total comprehensive income gain (loss)	`ComprehensiveIncomeNetOfTax`	$-7.00K	USD	1 Quarter

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