10-K Filing

ZEDGE, INC. CIK: 1667313 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001213900-16-017726`
Period End Date	20160731
Filing Date	20161026
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	zedg-20160731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 36 Cash Flow Statement 50 Stockholders Equity 17

Balance Sheet 58 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$765.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $0 at July 31, 2016 and 2015	`ReceivablesNetCurrent`	$1.62M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $0 at July 31, 2016 and 2015	`ReceivablesNetCurrent`	$1.67M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$103.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$210.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$63.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$107.00K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$3.96M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$7.96M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.84M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.72M	USD	Point-in-time
Goodwill	`Goodwill`	$3.18M	USD	Point-in-time
Goodwill	`Goodwill`	$2.44M	USD	Point-in-time
Goodwill	`Goodwill`	$2.36M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$232.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$266.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.35M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$12.43M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$36.00K	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$116.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.49M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.32M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$15.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$4.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$489.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$369.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$299.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.81M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.84M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.81M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.84M	USD	Point-in-time
TOTAL MEZZANINE EQUITY	`MezzanineEquity`	$100.00K	USD	Point-in-time
TOTAL MEZZANINE EQUITY	`MezzanineEquity`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; authorized shares-2,400; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; authorized shares-2,400; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$21.05M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-817.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-655.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.72M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$6.44M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$10.60M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$5.50M	USD	Point-in-time
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$12.43M	USD	Point-in-time
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$8.35M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$9.05M	USD	Annual
REVENUES	`Revenues`	$11.11M	USD	Annual
Direct cost of revenue (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$1.08M	USD	Annual
Direct cost of revenue (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$1.30M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.72M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.75M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$605.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$624.00K	USD	Annual
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets`	$-281.00K	USD	Annual
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets`	-	USD	Annual
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$1.62M	USD	Annual
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$1.17M	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$2.00K	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$5.00K	USD	Annual
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-49.00K	USD	Annual
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$171.00K	USD	Annual
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.80M	USD	Annual
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.13M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$143.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$212.00K	USD	Annual
NET INCOME	`NetIncomeLoss`	$983.00K	USD	Annual
NET INCOME	`NetIncomeLoss`	$1.59M	USD	Annual
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-162.00K	USD	Annual
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-733.00K	USD	Annual
TOTAL OTHER COMPREHENSIVE LOSS	`OtherComprehensiveIncomeLossNetOfTax`	$-162.00K	USD	Annual
TOTAL OTHER COMPREHENSIVE LOSS	`OtherComprehensiveIncomeLossNetOfTax`	$-733.00K	USD	Annual
TOTAL COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$821.00K	USD	Annual
TOTAL COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$854.00K	USD	Annual
Basic	`EarningsPerShareBasic`	$0.19	USD	Annual
Basic	`EarningsPerShareBasic`	$0.12	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.18	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.11	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.35M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.15M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.92M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.28M	shares	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$983.00K	USD	Annual
Net income	`NetIncomeLoss`	$1.59M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$605.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$624.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-26.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-16.00K	USD	Annual
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets`	$-281.00K	USD	Annual
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$166.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$79.00K	USD	Annual
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$334.00K	USD	Annual
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$46.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$97.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$94.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.00K	USD	Annual
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$39.00K	USD	Annual
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$459.00K	USD	Annual
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-70.00K	USD	Annual
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-121.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-2.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$11.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.17M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.84M	USD	Annual
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$1.01M	USD	Annual
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$886.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.01M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-886.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.00K	USD	Annual
Sale of equity prior to the Spin-Off	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	Annual
Sale of equity prior to the Spin-Off	`ProceedsFromIssuanceOfPrivatePlacement`	$3.00M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$9.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$3.01M	USD	Annual
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$111.00K	USD	Annual
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-37.00K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.81M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.41M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$765.00K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.17M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$765.00K	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$2.17M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	USD	Point-in-time
Cash payments made for taxes	`IncomeTaxesPaid`	$112.00K	USD	Annual
Cash payments made for taxes	`IncomeTaxesPaid`	$208.00K	USD	Annual
Receivable for exercise of stock options	`ReceivableForExerciseOfStockOptions`	$56.00K	USD	Annual
Receivable for exercise of stock options	`ReceivableForExerciseOfStockOptions`	-	USD	Annual
Reclassification of mezzanine equity	`ReclassificationOfMezzanineEquity`	-	USD	Annual
Reclassification of mezzanine equity	`ReclassificationOfMezzanineEquity`	$100.00K	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$6.44M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$10.60M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$5.50M	USD	Point-in-time
Reclassification of mezzanine equity	`ReclassificationOfMezzanineEquity`	-	USD	Annual
Reclassification of mezzanine equity	`ReclassificationOfMezzanineEquity`	$100.00K	USD	Annual
Sale of equity prior to the Spin-Off	`StockIssuedDuringPeriodValueNewIssues`	$3.00M	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$65.00K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$166.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$79.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-162.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-733.00K	USD	Annual
Net income	`NetIncomeLoss`	$983.00K	USD	Annual
Net income	`NetIncomeLoss`	$1.59M	USD	Annual
Ending Balance	`StockholdersEquity`	$6.44M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$10.60M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$5.50M	USD	Point-in-time

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