10-K Filing

ZEDGE, INC. CIK: 1667313 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001213900-21-057733`
Period End Date	20210731
Filing Date	20211109
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	zdge-20210731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 34 Cash Flow Statement 60 Stockholders Equity 20

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.61M	USD	Point-in-time
Trade accounts receivable, net of allowance of $0 at July 31, 2021 and 2020	`AccountsReceivableNetCurrent`	$2.54M	USD	Point-in-time
Trade accounts receivable, net of allowance of $0 at July 31, 2021 and 2020	`AccountsReceivableNetCurrent`	$1.41M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$123.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$111.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$49.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$113.00K	USD	Point-in-time
Net of allowance (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.75M	USD	Point-in-time
Net of allowance (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.61M	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.98M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.58M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.40M	shares	Point-in-time
Goodwill	`Goodwill`	$2.26M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.40M	shares	Point-in-time
Goodwill	`Goodwill`	$2.20M	USD	Point-in-time
Goodwill	`Goodwill`	$2.27M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	$477.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Deferred tax assets, net	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.14M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$471.00K	USD	Point-in-time
Total assets	`Assets`	$12.01M	USD	Point-in-time
Total assets	`Assets`	$37.48M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$290.00K	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$585.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	40,000.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	58,000.00	shares	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$1.21M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$1.77M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$1.34M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$1.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.84M	USD	Point-in-time
Loans Payable	`LoansPayable`	-	USD	Point-in-time
Loans Payable	`LoansPayable`	$218.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$64.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$145.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.12M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value; authorized shares2,400; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; authorized shares2,400; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Class A common stock, $.01 par value; authorized shares2,600; 525 shares issued and outstanding at July 31, 2021 and 2020	`CommonStockValue`	$5.00K	USD	Point-in-time
Class A common stock, $.01 par value; authorized shares2,600; 525 shares issued and outstanding at July 31, 2021 and 2020	`CommonStockValue`	$5.00K	USD	Point-in-time
Class B common stock, $.01 par value; authorized shares40,000; 13,923 shares issued and 13,865 shares outstanding at July 31, 2021, and 11,788 shares issued and 11,749 ouststanding at July 31, 2020	`CommonStockValueOne`	$118.00K	USD	Point-in-time
Class B common stock, $.01 par value; authorized shares40,000; 13,923 shares issued and 13,865 shares outstanding at July 31, 2021, and 11,788 shares issued and 11,749 ouststanding at July 31, 2020	`CommonStockValueOne`	$139.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$41.66M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-997.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.55M	USD	Point-in-time
Treasury stock, 58 shares at July 31, 2021 and 40 shares at July 31, 2020, at cost	`TreasuryStockValue`	$76.00K	USD	Point-in-time
Treasury stock, 58 shares at July 31, 2021 and 40 shares at July 31, 2020, at cost	`TreasuryStockValue`	$102.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$8.88M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$33.16M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.96M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$37.48M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$12.01M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$19.57M	USD	Annual
Revenues	`Revenues`	$9.47M	USD	Annual
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`OperatingCostsAndExpenses`	$1.20M	USD	Annual
Direct cost of revenues (exclusive of amortization of capitalized software and technology development costs included below)	`OperatingCostsAndExpenses`	$1.19M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.11M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.31M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.26M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.57M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$7.80M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-403.00K	USD	Annual
Interest and other income, net	`InterestIncomeExpenseNet`	$245.00K	USD	Annual
Interest and other income, net	`InterestIncomeExpenseNet`	$11.00K	USD	Annual
Net loss resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-152.00K	USD	Annual
Net loss resulting from foreign exchange transactions	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.00K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-544.00K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.05M	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$15.00K	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-202.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-559.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$8.25M	USD	Annual
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-100.00K	USD	Annual
Changes in foreign currency translation adjustment	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$88.00K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-100.00K	USD	Annual
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$88.00K	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-659.00K	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$8.34M	USD	Annual
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.05	USD	Annual
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.63	USD	Annual
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.05	USD	Annual
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.59	USD	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.13M	shares	Annual
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.16M	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.04M	shares	Annual
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.13M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-559.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$8.25M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.26M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.57M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$492.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$652.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-477.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	Annual
PPP loan forgiveness	`LoanForgiveness`	$-218.00K	USD	Annual
PPP loan forgiveness	`LoanForgiveness`	-	USD	Annual
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.14M	USD	Annual
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$274.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-247.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-257.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-232.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$55.00K	USD	Annual
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$830.00K	USD	Annual
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-118.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$483.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$821.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.12M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.13M	USD	Annual
Deposit made to escrow account related to the Emojipedia acquisition	`PaymentsToAcquireInvestments`	-	USD	Annual
Deposit made to escrow account related to the Emojipedia acquisition	`PaymentsToAcquireInvestments`	$4.78M	USD	Annual
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$759.00K	USD	Annual
Capitalized software and technology development costs and purchase of equipment	`PaymentsToDevelopSoftware`	$653.00K	USD	Annual
Investment in SAFE	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	-	USD	Annual
Investment in SAFE	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$50.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.48M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-759.00K	USD	Annual
Proceeds from sales of Class B Common Stock	`ProceedsFromIssuanceOfCommonStock`	$2.25M	USD	Annual
Proceeds from sales of Class B Common Stock	`ProceedsFromIssuanceOfCommonStock`	$15.00M	USD	Annual
Payment of issuance costs	`PaymentsOfDebtIssuanceCosts`	$141.00K	USD	Annual
Payment of issuance costs	`PaymentsOfDebtIssuanceCosts`	$565.00K	USD	Annual
Proceeds from PPP loan payable	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	Annual
Proceeds from PPP loan payable	`ProceedsFromIssuanceOfOtherLongTermDebt`	$218.00K	USD	Annual
Repayment of insurance premium loan payable	`RepaymentsOfShortTermDebt`	$141.00K	USD	Annual
Repayment of insurance premium loan payable	`RepaymentsOfShortTermDebt`	$181.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$873.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$12.00K	USD	Annual
Purchase of treasury stock in connection with restricted stock vesting	`PaymentsForRepurchaseOfCommonStock`	$26.00K	USD	Annual
Purchase of treasury stock in connection with restricted stock vesting	`PaymentsForRepurchaseOfCommonStock`	$29.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.10M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.17M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-30.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$45.00K	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.50M	USD	Annual
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$19.80M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$24.91M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.11M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.61M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$24.91M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$5.11M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.61M	USD	Point-in-time
Cash payments made for income taxes	`IncomeTaxesPaidNet`	$1.00K	USD	Annual
Cash payments made for income taxes	`IncomeTaxesPaidNet`	$1.00K	USD	Annual
Cash payments made for interest expenses	`InterestPaidNet`	$3.00K	USD	Annual
Cash payments made for interest expenses	`InterestPaidNet`	$3.00K	USD	Annual
Note payable issued for insurance premium financing	`StockIssued1`	-	USD	Annual
Note payable issued for insurance premium financing	`StockIssued1`	$181.00K	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$8.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$33.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.96M	USD	Point-in-time
Net proceeds from sales of Class B Common Stock	`StockIssuedDuringPeriodValueNewIssues`	$2.11M	USD	Annual
Net proceeds from sales of Class B Common Stock	`StockIssuedDuringPeriodValueNewIssues`	$14.44M	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$873.00K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$12.00K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$613.00K	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$451.00K	USD	Annual
Stock issued for matching contributions to the 401(k) Plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$39.00K	USD	Annual
Stock issued for matching contributions to the 401(k) Plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$41.00K	USD	Annual
Purchase of treasury stock	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$-26.00K	USD	Annual
Purchase of treasury stock	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$-29.00K	USD	Annual
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$88.00K	USD	Annual
Foreign currency translation adjustment	`TemporaryEquityForeignCurrencyTranslationAdjustments`	$-100.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-559.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$8.25M	USD	Annual
Balance	`StockholdersEquity`	$8.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$33.16M	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.