10-Q Filing

ZEDGE, INC. CIK: 1667313 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001213900-16-019357`
Period End Date	20161031
Filing Date	20161213
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	zedg-20161031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 36 Cash Flow Statement 42

Balance Sheet 52 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.17M	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 October 31, 2016 and July 31, 2016	`ReceivablesNetCurrent`	$1.67M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $0 at October 31, 2016 and July 31, 2016	`ReceivablesNetCurrent`	$1.68M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$210.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$192.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$107.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$332.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.19M	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`	$2.06M	USD	Point-in-time
Goodwill	`Goodwill`	$2.36M	USD	Point-in-time
Goodwill	`Goodwill`	$2.41M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$262.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$266.00K	USD	Point-in-time
Total assets	`Assets`	$12.92M	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`	$74.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.83M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.49M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$15.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$8.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$299.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$73.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.84M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	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`	$21.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$21.14M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-817.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-744.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.72M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.56M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.43M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.92M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.38M	USD	1 Quarter
Revenues	`Revenues`	$2.56M	USD	1 Quarter
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$295.00K	USD	1 Quarter
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$367.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.76M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.69M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$160.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$138.00K	USD	1 Quarter
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets1`	$-9.00K	USD	1 Quarter
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$113.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$419.00K	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	$1.00K	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	$1.00K	USD	1 Quarter
Net gain (loss) resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-55.00K	USD	1 Quarter
Net gain (loss) resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$50.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$365.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$164.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$40.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$163.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$325.00K	USD	1 Quarter
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$73.00K	USD	1 Quarter
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-92.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$73.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-92.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$233.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$236.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.26M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.93M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.46M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$163.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$325.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$160.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$138.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$5.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$6.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$27.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$330.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$264.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$106.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.00K	USD	1 Quarter
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$392.00K	USD	1 Quarter
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$511.00K	USD	1 Quarter
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-226.00K	USD	1 Quarter
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-93.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-7.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-4.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$215.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$473.00K	USD	1 Quarter
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$349.00K	USD	1 Quarter
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$183.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-349.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-183.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$124.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$124.00K	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-27.00K	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$15.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$263.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.17M	USD	Point-in-time

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