10-Q Filing

ZEDGE, INC. CIK: 1667313 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001213900-17-006458`
Period End Date	20170430
Filing Date	20170614
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	zedg-20170430.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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.08M	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
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`	$3.98M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $0 at April 30, 2017 and July 31, 2016	`ReceivablesNetCurrent`	$1.79M	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 April 30, 2017 and July 31, 2016	`ReceivablesNetCurrent`	$1.67M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$131.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$210.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$107.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$313.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.96M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.59M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.84M	USD	Point-in-time
Goodwill	`Goodwill`	$2.36M	USD	Point-in-time
Goodwill	`Goodwill`	$2.33M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$260.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$266.00K	USD	Point-in-time
Total assets	`Assets`	$12.49M	USD	Point-in-time
Total assets	`Assets`	$12.43M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$45.00K	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$36.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.49M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.92M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$15.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$56.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$299.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.02M	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`	$21.38M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-879.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-817.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.47M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.60M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.43M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.49M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.53M	USD	1 Quarter
Revenues	`Revenues`	$7.49M	USD	3 Qtrs
Revenues	`Revenues`	$8.66M	USD	3 Qtrs
Revenues	`Revenues`	$2.57M	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`	$406.00K	USD	1 Quarter
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$1.19M	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
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.22M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.15M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.85M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.32M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$470.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$166.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$487.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$153.00K	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	3 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	3 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$-419.00K	USD	3 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$1.94M	USD	3 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$243.00K	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-193.00K	USD	1 Quarter
Interest and other income (loss)	`InterestIncomeExpenseNet`	$14.00K	USD	3 Qtrs
Interest and other income (loss)	`InterestIncomeExpenseNet`	$-1.00K	USD	1 Quarter
Interest and other income (loss)	`InterestIncomeExpenseNet`	$6.00K	USD	1 Quarter
Interest and other income (loss)	`InterestIncomeExpenseNet`	$2.00K	USD	3 Qtrs
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$130.00K	USD	1 Quarter
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-52.00K	USD	1 Quarter
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-19.00K	USD	3 Qtrs
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-31.00K	USD	3 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.91M	USD	3 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-424.00K	USD	3 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-239.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$372.00K	USD	1 Quarter
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$46.00K	USD	1 Quarter
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$-21.00K	USD	3 Qtrs
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$152.00K	USD	3 Qtrs
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-239.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.76M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-403.00K	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$326.00K	USD	1 Quarter
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-62.00K	USD	3 Qtrs
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-121.00K	USD	1 Quarter
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$266.00K	USD	1 Quarter
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$107.00K	USD	3 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$266.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-121.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$107.00K	USD	3 Qtrs
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-62.00K	USD	3 Qtrs
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-360.00K	USD	1 Quarter
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$1.87M	USD	3 Qtrs
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-465.00K	USD	3 Qtrs
Total comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$592.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.04	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.22	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.20	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.04	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.60M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.20M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	8.17M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.42M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.60M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.03M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.42M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.19M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-239.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.76M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-403.00K	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$326.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$470.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$166.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$487.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$153.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	-	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$4.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$10.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$209.00K	USD	3 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	3 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	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$122.00K	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$158.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$184.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$13.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.00K	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$442.00K	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$305.00K	USD	3 Qtrs
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$89.00K	USD	3 Qtrs
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-243.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-14.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-1.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$187.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.47M	USD	3 Qtrs
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$1.24M	USD	3 Qtrs
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$680.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.24M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-680.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$167.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$167.00K	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`	$7.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-10.00K	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.81M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-896.00K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.08M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.17M	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`	$3.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.08M	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`	$5.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.98M	USD	Point-in-time

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