10-Q Filing

ZEDGE, INC. CIK: 1667313 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001213900-18-007658`
Period End Date	20180430
Filing Date	20180614
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	zdge-20180430.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`	$4.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.27M	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`	$5.98M	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 April 30, 2018 and July 31, 2017	`ReceivablesNetCurrent`	$1.71M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $0 at April 30, 2018 and July 31, 2017	`ReceivablesNetCurrent`	$1.68M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$236.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$315.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$427.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$314.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.68M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.27M	USD	Point-in-time
Goodwill	`Goodwill`	$2.49M	USD	Point-in-time
Goodwill	`Goodwill`	$2.52M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$293.00K	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`	$12.56M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$285.00K	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$33.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.84M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.11M	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$36.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$3.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.40M	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`	$2.40M	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`	$22.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$21.45M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-634.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-584.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.53M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.56M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.55M	USD	1 Quarter
Revenues	`Revenues`	$2.53M	USD	1 Quarter
Revenues	`Revenues`	$7.49M	USD	3 Qtrs
Revenues	`Revenues`	$8.26M	USD	3 Qtrs
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$378.00K	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`	$1.11M	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
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.75M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.15M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.19M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.22M	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`	$699.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$317.00K	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`	$-9.00K	USD	3 Qtrs
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-419.00K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-339.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.30M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-193.00K	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	$21.00K	USD	3 Qtrs
Interest and other income	`InterestIncomeExpenseNet`	$14.00K	USD	3 Qtrs
Interest and other income	`InterestIncomeExpenseNet`	$7.00K	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	$6.00K	USD	1 Quarter
Net gain (loss) resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-52.00K	USD	1 Quarter
Net gain (loss) resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-19.00K	USD	3 Qtrs
Net gain (loss) resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-19.00K	USD	3 Qtrs
Net gain (loss) resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$26.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-239.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-424.00K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.30M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-306.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$1.00K	USD	3 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-21.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.30M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-309.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-403.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-239.00K	USD	1 Quarter
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-62.00K	USD	3 Qtrs
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-50.00K	USD	3 Qtrs
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-152.00K	USD	1 Quarter
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-121.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-62.00K	USD	3 Qtrs
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-50.00K	USD	3 Qtrs
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-152.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-121.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-465.00K	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-461.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.35M	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-360.00K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.60M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.42M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.87M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.76M	shares	3 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.30M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-309.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-403.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-239.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$166.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$487.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$699.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$317.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$4.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$7.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$209.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$429.00K	USD	3 Qtrs
Write-off of capitalized software and technology development costs	`WriteOffOfCapitalizedSoftwareAndTechnologyDevelopmentCosts`	$9.00K	USD	3 Qtrs
Write-off of capitalized software and technology development costs	`WriteOffOfCapitalizedSoftwareAndTechnologyDevelopmentCosts`	-	USD	3 Qtrs
Stock issued to FreeForm noteholders	`StockIssuedToFreeFormNoteholders`	$242.00K	USD	3 Qtrs
Stock issued to FreeForm noteholders	`StockIssuedToFreeFormNoteholders`	-	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$122.00K	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-33.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$184.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-192.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.00K	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$516.00K	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$442.00K	USD	3 Qtrs
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-243.00K	USD	3 Qtrs
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-33.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-14.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$784.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$187.00K	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`	$1.29M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.29M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.24M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$167.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$216.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$167.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$216.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-13.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-10.00K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-308.00K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-896.00K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.58M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.08M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.27M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.58M	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`	$4.27M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	USD	Point-in-time

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