10-Q Filing

ZEDGE, INC. CIK: 1667313 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001213900-18-002965`
Period End Date	20180131
Filing Date	20180314
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	zdge-20180131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 64 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`	$5.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.16M	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`	$4.58M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.40M	shares	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 January 31, 2018 and July 31, 2017	`ReceivablesNetCurrent`	$1.82M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $0 at January 31, 2018 and July 31, 2017	`ReceivablesNetCurrent`	$1.71M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$315.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$284.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$427.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$320.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.58M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.68M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.10M	USD	Point-in-time
Goodwill	`Goodwill`	$2.52M	USD	Point-in-time
Goodwill	`Goodwill`	$2.59M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$299.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$301.00K	USD	Point-in-time
Total assets	`Assets`	$12.53M	USD	Point-in-time
Total assets	`Assets`	$12.57M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$33.00K	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$277.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.94M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.84M	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$9.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$36.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.23M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`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`	$22.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$21.45M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-482.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-584.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.62M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.53M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.57M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$5.70M	USD	2 Qtrs
Revenues	`Revenues`	$2.57M	USD	1 Quarter
Revenues	`Revenues`	$3.04M	USD	1 Quarter
Revenues	`Revenues`	$4.96M	USD	2 Qtrs
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`	$356.00K	USD	1 Quarter
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$728.00K	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.07M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.31M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.59M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.56M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$184.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$322.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$382.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$225.00K	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`	-	USD	1 Quarter
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets1`	$-9.00K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-226.00K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-122.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-338.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-964.00K	USD	2 Qtrs
Interest and other income	`InterestIncomeExpenseNet`	$14.00K	USD	2 Qtrs
Interest and other income	`InterestIncomeExpenseNet`	$8.00K	USD	2 Qtrs
Interest and other income	`InterestIncomeExpenseNet`	$4.00K	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	$7.00K	USD	1 Quarter
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-17.00K	USD	1 Quarter
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$33.00K	USD	2 Qtrs
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-43.00K	USD	1 Quarter
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-45.00K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-995.00K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-348.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-161.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-185.00K	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-22.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-2.00K	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$12.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-21.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-173.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-164.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-993.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-326.00K	USD	1 Quarter
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-14.00K	USD	1 Quarter
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$239.00K	USD	1 Quarter
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$59.00K	USD	2 Qtrs
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$102.00K	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$239.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$59.00K	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$102.00K	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-14.00K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-891.00K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-105.00K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-340.00K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$66.00K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.70M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.41M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.75M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.34M	shares	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-173.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-164.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-993.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-326.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$184.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$322.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$382.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$225.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$6.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$5.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$143.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$272.00K	USD	2 Qtrs
Write-off of capitalized software and technology development costs	`WriteOffOfCapitalizedSoftwareAndTechnologyDevelopmentCosts`	$9.00K	USD	2 Qtrs
Write-off of capitalized software and technology development costs	`WriteOffOfCapitalizedSoftwareAndTechnologyDevelopmentCosts`	-	USD	2 Qtrs
Stock issued to FreeForm noteholders	`StockIssuedToFreeFormNoteholders`	$242.00K	USD	2 Qtrs
Stock issued to FreeForm noteholders	`StockIssuedToFreeFormNoteholders`	-	USD	2 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-51.00K	USD	2 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$107.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-138.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$258.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.00K	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`	$344.00K	USD	2 Qtrs
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-222.00K	USD	2 Qtrs
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-27.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-14.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$205.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$253.00K	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`	$798.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-798.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-757.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$91.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$166.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$166.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$91.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$34.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$12.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-374.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-420.00K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.16M	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`	$4.58M	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`	$4.16M	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`	$4.58M	USD	Point-in-time

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