10-Q Filing

ZEDGE, INC. CIK: 1667313 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001213900-17-002515`
Period End Date	20170131
Filing Date	20170317
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	zedg-20170131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 72 Cash Flow Statement 50

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`	$3.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.60M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.17M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $0 at January 31, 2017 and July 31, 2016	`ReceivablesNetCurrent`	$1.62M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $0 at January 31, 2017 and July 31, 2016	`ReceivablesNetCurrent`	$1.67M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	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`	$326.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.96M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.27M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.84M	USD	Point-in-time
Goodwill	`Goodwill`	$2.40M	USD	Point-in-time
Goodwill	`Goodwill`	$2.36M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$266.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$262.00K	USD	Point-in-time
Total assets	`Assets`	$12.68M	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`	$30.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.82M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.49M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$15.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$299.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$77.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.93M	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`	$21.29M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-758.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-817.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.72M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.74M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.43M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.68M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$4.96M	USD	2 Qtrs
Revenues	`Revenues`	$6.09M	USD	2 Qtrs
Revenues	`Revenues`	$3.53M	USD	1 Quarter
Revenues	`Revenues`	$2.57M	USD	1 Quarter
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$412.00K	USD	1 Quarter
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$780.00K	USD	2 Qtrs
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$310.00K	USD	1 Quarter
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$605.00K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.31M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.07M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.47M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.78M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$322.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$156.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$317.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$184.00K	USD	1 Quarter
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets1`	$-9.00K	USD	2 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$1.28M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$1.70M	USD	2 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$-338.00K	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-226.00K	USD	2 Qtrs
Interest and other income	`InterestIncomeExpenseNet`	$1.00K	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	$2.00K	USD	2 Qtrs
Interest and other income	`InterestIncomeExpenseNet`	$7.00K	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	$8.00K	USD	2 Qtrs
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$33.00K	USD	2 Qtrs
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-17.00K	USD	1 Quarter
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-106.00K	USD	1 Quarter
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-161.00K	USD	2 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.18M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-348.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.54M	USD	2 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-185.00K	USD	2 Qtrs
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$106.00K	USD	2 Qtrs
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$-21.00K	USD	2 Qtrs
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$67.00K	USD	1 Quarter
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$-22.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.11M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.44M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-326.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-164.00K	USD	2 Qtrs
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-68.00K	USD	1 Quarter
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-159.00K	USD	2 Qtrs
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$59.00K	USD	2 Qtrs
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-14.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-14.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-68.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$59.00K	USD	2 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-159.00K	USD	2 Qtrs
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$1.04M	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-105.00K	USD	2 Qtrs
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-340.00K	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$1.28M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.02	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.18	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.16	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.02	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.34M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.16M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.41M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.34M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.41M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.95M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.96M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$1.11M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.44M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$-326.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-164.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$322.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$156.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$317.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$184.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	-	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$5.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$9.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$143.00K	USD	2 Qtrs
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets1`	$-9.00K	USD	2 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-51.00K	USD	2 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$728.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$258.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-60.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-6.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.00K	USD	2 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$335.00K	USD	2 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$333.00K	USD	2 Qtrs
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-5.00K	USD	2 Qtrs
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-222.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-14.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$205.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.43M	USD	2 Qtrs
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$757.00K	USD	2 Qtrs
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$344.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-344.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-757.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$166.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$166.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$12.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-61.00K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-374.00K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.02M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.19M	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`	$5.60M	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`	$3.19M	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`	$5.60M	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.