10-K Filing

ZEDGE, INC. CIK: 1667313 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001213900-18-014592`
Period End Date	20180731
Filing Date	20181029
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	zdge-20180731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 32 Cash Flow Statement 46 Stockholders Equity 17

Balance Sheet 54 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
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	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 July 31, 2018 and 2017	`ReceivablesNetCurrent`	$1.71M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $0 at July 31, 2018 and 2017	`ReceivablesNetCurrent`	$1.78M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$316.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$315.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$302.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$427.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.80M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.68M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.34M	USD	Point-in-time
Goodwill	`Goodwill`	$2.52M	USD	Point-in-time
Goodwill	`Goodwill`	$2.36M	USD	Point-in-time
Goodwill	`Goodwill`	$2.45M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$301.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$125.00K	USD	Point-in-time
Total assets	`Assets`	$12.53M	USD	Point-in-time
Total assets	`Assets`	$11.72M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$280.00K	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`	$1.43M	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$1.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$36.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$299.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.71M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`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`	$21.45M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.51M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-584.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-702.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.01M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.72M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$12.53M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$10.03M	USD	Annual
Revenues	`Revenues`	$10.83M	USD	Annual
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$1.52M	USD	Annual
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$1.57M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.47M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.58M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.03M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$643.00K	USD	Annual
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Write-off of capitalized software and technology development costs	`GainLossOnDispositionOfAssets1`	$-36.00K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.30M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-683.00K	USD	Annual
Interest and other income	`InterestIncomeExpenseNet`	$29.00K	USD	Annual
Interest and other income	`InterestIncomeExpenseNet`	$19.00K	USD	Annual
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$37.00K	USD	Annual
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-63.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-627.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.33M	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-16.00K	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$230.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-611.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.56M	USD	Annual
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-118.00K	USD	Annual
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$233.00K	USD	Annual
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$233.00K	USD	Annual
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-118.00K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-378.00K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.68M	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9,467.00	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9,803.00	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-611.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.56M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.03M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$643.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-28.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$172.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$275.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$595.00K	USD	Annual
Write-off of capitalized software and technology development costs	`WriteOffOfCapitalizedSoftwareAndTechnologyDevelopmentCosts`	-	USD	Annual
Write-off of capitalized software and technology development costs	`WriteOffOfCapitalizedSoftwareAndTechnologyDevelopmentCosts`	$36.00K	USD	Annual
Stock issued to FreeForm noteholders	`StockIssuedToFreeFormNoteholders`	-	USD	Annual
Stock issued to FreeForm noteholders	`StockIssuedToFreeFormNoteholders`	$242.00K	USD	Annual
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$45.00K	USD	Annual
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$65.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$481.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-122.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.00K	USD	Annual
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-174.00K	USD	Annual
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$400.00K	USD	Annual
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-35.00K	USD	Annual
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-263.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-15.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$332.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-97.00K	USD	Annual
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$1.51M	USD	Annual
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$1.70M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.51M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.70M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$166.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$232.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$232.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$166.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-34.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$39.00K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.17M	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.40M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.58M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$4.58M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$5.98M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
Cash payments made for income taxes	`IncomeTaxesPaid`	$31.00K	USD	Annual
Cash payments made for income taxes	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$10.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.62M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.01M	USD	Point-in-time
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$232.00K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$110.00K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	$562.00K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	$275.00K	USD	Annual
Stock issued for matching contributions to the 401(k) Plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$19.00K	USD	Annual
Stock issued for matching contributions to the 401(k) Plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$33.00K	USD	Annual
Stock issued to FreeForm noteholders	`StockIssuedDuringPeriodValueNewIssues`	$242.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$233.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-118.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-611.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.56M	USD	Annual
Balance	`StockholdersEquity`	$10.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.62M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.01M	USD	Point-in-time

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