10-Q Filing

ZEDGE, INC. CIK: 1667313 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001213900-19-026139`
Period End Date	20191031
Filing Date	20191213
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	zdge-20191031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 30 Cash Flow Statement 46 Stockholders Equity 16

Balance Sheet 62 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`	2.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.66M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.40M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.56M	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 October 31, 2019 and July 31, 2019	`ReceivablesNetCurrent`	$1.06M	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 October 31, 2019 and July 31, 2019	`ReceivablesNetCurrent`	$1.13M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$220.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$380.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$57.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$103.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.23M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.10M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	36,000.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	22,000.00	shares	Point-in-time
Goodwill	`Goodwill`	$2.27M	USD	Point-in-time
Goodwill	`Goodwill`	$2.17M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$120.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$583.00K	USD	Point-in-time
Total assets	`Assets`	$8.85M	USD	Point-in-time
Total assets	`Assets`	$9.01M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$217.00K	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$328.00K	USD	Point-in-time
Insurance premium loan payable	`LoansPayableCurrent`	$141.00K	USD	Point-in-time
Insurance premium loan payable	`LoansPayableCurrent`	$110.00K	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$1.17M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$1.47M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$613.00K	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$517.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.52M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$242.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.76M	USD	Point-in-time
Commitments and contingencies (Notes 8 and 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 8 and 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`	$23.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$23.23M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.13M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-985.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.24M	USD	Point-in-time
Treasury stock, 36 shares at October 31, 2019 and 22 shares at July 31, 2019, at cost	`TreasuryStockValue`	$69.00K	USD	Point-in-time
Treasury stock, 36 shares at October 31, 2019 and 22 shares at July 31, 2019, at cost	`TreasuryStockValue`	$47.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$10.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$9.26M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.96M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.85M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.01M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.38M	USD	1 Quarter
Revenues	`Revenues`	$2.03M	USD	1 Quarter
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$328.00K	USD	1 Quarter
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`CostOfRevenue`	$350.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.95M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.31M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$505.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$303.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-745.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-581.00K	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest and other income	`InterestIncomeExpenseNet`	$7.00K	USD	1 Quarter
Net loss resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-56.00K	USD	1 Quarter
Net loss resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-129.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-703.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-801.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-801.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-706.00K	USD	1 Quarter
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-143.00K	USD	1 Quarter
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-131.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-131.00K	USD	1 Quarter
Total other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-143.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-837.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-944.00K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.03M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.20M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-801.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-706.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$505.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$303.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$121.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$98.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-68.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-541.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-207.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-238.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$13.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.00K	USD	1 Quarter
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$408.00K	USD	1 Quarter
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$192.00K	USD	1 Quarter
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$13.00K	USD	1 Quarter
Due to IDT Corporation	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	-	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$96.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$352.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$921.00K	USD	1 Quarter
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$213.00K	USD	1 Quarter
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$445.00K	USD	1 Quarter
Investment in privately-held company	`PaymentsToAcquireInvestments`	$250.00K	USD	1 Quarter
Investment in privately-held company	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-695.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-213.00K	USD	1 Quarter
Repayment of insurance premium loan payable	`RepaymentsOfShortTermDebt`	$31.00K	USD	1 Quarter
Repayment of insurance premium loan payable	`RepaymentsOfShortTermDebt`	-	USD	1 Quarter
Purchase of treasury stock in connection with restricted stock vesting	`PaymentsForRepurchaseOfCommonStock`	$22.00K	USD	1 Quarter
Purchase of treasury stock in connection with restricted stock vesting	`PaymentsForRepurchaseOfCommonStock`	$31.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-53.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-31.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-42.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-36.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$153.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$50.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.61M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.66M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.56M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.61M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.66M	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`	$3.56M	USD	Point-in-time
Cash payments made for interest expenses	`CashPaymentsMadeForIinterestExpenses`	$1.00K	USD	1 Quarter
Cash payments made for interest expenses	`CashPaymentsMadeForIinterestExpenses`	-	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$10.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$9.26M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.96M	USD	Point-in-time
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$121.00K	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$98.00K	USD	1 Quarter
Purchase of treasury stock	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$-31.00K	USD	1 Quarter
Purchase of treasury stock	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$-22.00K	USD	1 Quarter
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-131.00K	USD	1 Quarter
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-143.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-801.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-706.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$10.01M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$9.26M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.96M	USD	Point-in-time

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