10-Q Filing

ZEDGE, INC. CIK: 1667313 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001213900-16-014195`
Period End Date	20160430
Filing Date	20160614
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	zedg-20160430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 68 Cash Flow Statement 44

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.40M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.40M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$765.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $0 at April 30, 2016 and July 31, 2015	`ReceivablesNetCurrent`	$1.78M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $0 at April 30, 2016 and July 31, 2015	`ReceivablesNetCurrent`	$1.62M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$103.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$87.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$190.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$180.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.08M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.72M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.93M	USD	Point-in-time
Goodwill	`Goodwill`	$2.44M	USD	Point-in-time
Goodwill	`Goodwill`	$2.48M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$128.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$115.00K	USD	Point-in-time
Total assets	`Assets`	$8.35M	USD	Point-in-time
Total assets	`Assets`	$10.57M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$116.00K	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$59.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.32M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.62M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$4.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$458.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$369.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.14M	USD	Point-in-time
Preferred stock, $.01 par value; authorized shares - 2,400; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; authorized shares - 2,400; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.73M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-655.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-548.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.43M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.44M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$10.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.35M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$8.66M	USD	3 Qtrs
Revenues	`Revenues`	$6.62M	USD	3 Qtrs
Revenues	`Revenues`	$2.57M	USD	1 Quarter
Revenues	`Revenues`	$2.20M	USD	1 Quarter
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$823.00K	USD	3 Qtrs
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$327.00K	USD	1 Quarter
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$932.00K	USD	3 Qtrs
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$289.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.32M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.30M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.85M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$470.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$153.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$145.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$501.00K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.94M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$404.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$243.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.00M	USD	3 Qtrs
Interest (expense) income, net	`InterestIncomeExpenseNet`	$4.00K	USD	3 Qtrs
Interest (expense) income, net	`InterestIncomeExpenseNet`	$2.00K	USD	3 Qtrs
Interest (expense) income, net	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest (expense) income, net	`InterestIncomeExpenseNet`	$-1.00K	USD	1 Quarter
Net gains (losses) resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$84.00K	USD	3 Qtrs
Net gains (losses) resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-31.00K	USD	3 Qtrs
Net gains (losses) resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-44.00K	USD	1 Quarter
Net gains (losses) resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$130.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.91M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.09M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$372.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$360.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$46.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$149.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$231.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$152.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.76M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$211.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$859.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$326.00K	USD	1 Quarter
Change in foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$266.00K	USD	1 Quarter
Change in foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$107.00K	USD	3 Qtrs
Change in foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-574.00K	USD	3 Qtrs
Change in foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$48.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-574.00K	USD	3 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$266.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$48.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$107.00K	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.87M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$285.00K	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$592.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$259.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.22	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.11	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.10	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.20	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.17M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.20M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.15M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.92M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.03M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.93M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.19M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.76M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$211.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$859.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$326.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$470.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$153.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$145.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$501.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$68.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$10.00K	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$63.00K	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$158.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-18.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$17.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$13.00K	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$699.00K	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$305.00K	USD	3 Qtrs
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-177.00K	USD	3 Qtrs
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$89.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$7.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.90M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.47M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$680.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$679.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-680.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-679.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$9.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$9.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-115.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.00K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.11M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.81M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.17M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$765.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.98M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$765.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time

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