10-Q Filing

ZEDGE, INC. CIK: 1667313 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001213900-19-010771`
Period End Date	20190430
Filing Date	20190614
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	zdge-20190430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 60 Cash Flow Statement 54

Balance Sheet 58 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`	2,400.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2,400.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.27M	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, 2019 and July 31, 2018	`ReceivablesNetCurrent`	$1.20M	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, 2019 and July 31, 2018	`ReceivablesNetCurrent`	$1.78M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$316.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$259.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$181.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$302.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.89M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.80M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.59M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	0.00	shares	Point-in-time
Goodwill	`Goodwill`	$2.31M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	14.00	shares	Point-in-time
Goodwill	`Goodwill`	$2.45M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$370.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$125.00K	USD	Point-in-time
Total assets	`Assets`	$10.16M	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`	$156.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.65M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.43M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$284.00K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	-	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	$1.00K	USD	Point-in-time
Due to IDT Corporation	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.09M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`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`	$22.51M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.96M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-926.00K	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`	$-14.04M	USD	Point-in-time
Treasury stock, 14 shares at April 30, 2019 and 0 shares at July 31, 2018, at cost	`TreasuryStockValue`	$31.00K	USD	Point-in-time
Treasury stock, 14 shares at April 30, 2019 and 0 shares at July 31, 2018, at cost	`TreasuryStockValue`	-	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.01M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$10.16M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$11.72M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.55M	USD	1 Quarter
Revenues	`Revenues`	$1.91M	USD	1 Quarter
Revenues	`Revenues`	$6.87M	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`	$1.11M	USD	3 Qtrs
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$353.00K	USD	1 Quarter
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$1.03M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.75M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.19M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.76M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$317.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$699.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.02M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$391.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.12M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.30M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.95M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-339.00K	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	$7.00K	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	$21.00K	USD	3 Qtrs
Interest and other income	`InterestIncomeExpenseNet`	$3.00K	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	$48.00K	USD	3 Qtrs
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$26.00K	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`	$-72.00K	USD	1 Quarter
Net (loss) gain resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-236.00K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-306.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.19M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.14M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.30M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.30M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-309.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.14M	USD	3 Qtrs
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-152.00K	USD	1 Quarter
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-50.00K	USD	3 Qtrs
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-93.00K	USD	1 Quarter
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-224.00K	USD	3 Qtrs
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-224.00K	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`	$-93.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.29M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.37M	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-461.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.35M	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10,116.00	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10,063.00	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9,757.00	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9,867.00	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.30M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-309.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.14M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$317.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$699.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.02M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$391.00K	USD	1 Quarter
Loss on disposal of furniture and fixtures	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	3 Qtrs
Loss on disposal of furniture and fixtures	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$7.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	-	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$449.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$429.00K	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`	$-33.00K	USD	3 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-573.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-192.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-178.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-6.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.00K	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$99.00K	USD	3 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$516.00K	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$284.00K	USD	3 Qtrs
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-33.00K	USD	3 Qtrs
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-1.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$471.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$784.00K	USD	3 Qtrs
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$1.29M	USD	3 Qtrs
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$1.28M	USD	3 Qtrs
Investment in TreSensa	`PaymentsToAcquireInvestments`	-	USD	3 Qtrs
Investment in TreSensa	`PaymentsToAcquireInvestments`	$250.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.53M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.29M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$216.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.00K	USD	3 Qtrs
Purchase of treasury stock in connection with restricted stock vesting	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Purchase of treasury stock in connection with restricted stock vesting	`PaymentsForRepurchaseOfCommonStock`	$31.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$216.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-29.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-75.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-13.00K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.16M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-308.00K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.58M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.25M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.27M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	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`	$2.25M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.27M	USD	Point-in-time

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