10-Q Filing

BRIDGELINE DIGITAL, INC. CIK: 1378590 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001437749-12-001436`
Period End Date	20111231
Filing Date	20120214
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	blin-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 43 Cash Flow Statement 65

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.04M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable and unbilled receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$4.27M	USD	Point-in-time
Accounts receivable and unbilled receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$4.13M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$712.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$494.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.30M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$2.22M	USD	Point-in-time
Equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$1.78M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.46M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.31M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.47M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.53M	USD	Point-in-time
Goodwill	`Goodwill`	$20.12M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.47M	shares	Point-in-time
Goodwill	`Goodwill`	$20.73M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.31M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$685.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$704.00K	USD	Point-in-time
Total assets	`Assets`	$31.41M	USD	Point-in-time
Total assets	`Assets`	$31.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$872.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$853.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Accrued earnouts, current	`OtherLiabilitiesCurrent`	$572.00K	USD	Point-in-time
Accrued earnouts, current	`OtherLiabilitiesCurrent`	$295.00K	USD	Point-in-time
Debt, current	`DebtCurrent`	$1.75M	USD	Point-in-time
Debt, current	`DebtCurrent`	$667.00K	USD	Point-in-time
Capital lease obligations, current	`CapitalLeaseObligationsCurrent`	$216.00K	USD	Point-in-time
Capital lease obligations, current	`CapitalLeaseObligationsCurrent`	$235.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.53M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.80M	USD	Point-in-time
Accrued earnouts, net of current portion	`OtherAccruedLiabilitiesNoncurrent`	$772.00K	USD	Point-in-time
Accrued earnouts, net of current portion	`OtherAccruedLiabilitiesNoncurrent`	$1.12M	USD	Point-in-time
Debt, net of current portion	`OtherLongTermDebtNoncurrent`	$4.10M	USD	Point-in-time
Debt, net of current portion	`OtherLongTermDebtNoncurrent`	$3.02M	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$215.00K	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$209.00K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$529.00K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$395.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$10.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.20M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - $0.001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $0.001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock -$0.001 par value; 20,000,000 shares authorized; 12,472,873 and 12,306,207 shares issued and outstanding, respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Common stock -$0.001 par value; 20,000,000 shares authorized; 12,472,873 and 12,306,207 shares issued and outstanding, respectively	`CommonStockValue`	$12.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$38.08M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$38.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.77M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-123.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-117.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$20.95M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$21.21M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$31.41M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$31.64M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Web application development services	`SalesRevenueServicesNet`	$5.54M	USD	1 Quarter
Web application development services	`SalesRevenueServicesNet`	$5.31M	USD	1 Quarter
Managed service hosting	`TechnologyServicesRevenue`	$466.00K	USD	1 Quarter
Managed service hosting	`TechnologyServicesRevenue`	$616.00K	USD	1 Quarter
Subscription and perpetual licenses	`LicensesRevenue`	$519.00K	USD	1 Quarter
Subscription and perpetual licenses	`LicensesRevenue`	$593.00K	USD	1 Quarter
Total revenue	`Revenues`	$6.53M	USD	1 Quarter
Total revenue	`Revenues`	$6.52M	USD	1 Quarter
Web application development services	`CostOfServices`	$3.01M	USD	1 Quarter
Web application development services	`CostOfServices`	$2.85M	USD	1 Quarter
Managed service hosting	`TechnologyServicesCosts`	$106.00K	USD	1 Quarter
Managed service hosting	`TechnologyServicesCosts`	$146.00K	USD	1 Quarter
Subscription and perpetual licenses	`LicenseCosts`	$120.00K	USD	1 Quarter
Subscription and perpetual licenses	`LicenseCosts`	$182.00K	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$3.08M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$3.34M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.44M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.64M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.72M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$897.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$382.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$403.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$348.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$415.00K	USD	1 Quarter
Impairment of intangible asset	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$281.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.27M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.81M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-84.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-378.00K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-64.00K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-51.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-135.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-442.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-463.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-156.00K	USD	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	-0.01	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	-0.04	shares	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$12.32M	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$11.88M	USD	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-463.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-156.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$208.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$195.00K	USD	1 Quarter
Impairment of intangible asset	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$281.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$220.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$162.00K	USD	1 Quarter
Other amortization	`OtherDepreciationAndAmortization`	$50.00K	USD	1 Quarter
Other amortization	`OtherDepreciationAndAmortization`	$84.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$115.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$60.00K	USD	1 Quarter
Accounts receivable and unbilled receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-281.00K	USD	1 Quarter
Accounts receivable and unbilled receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$204.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$199.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$89.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-454.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-674.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$210.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$57.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$134.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-36.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$558.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-157.00K	USD	1 Quarter
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-313.00K	USD	1 Quarter
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$95.00K	USD	1 Quarter
Equipment and improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$523.00K	USD	1 Quarter
Equipment and improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$122.00K	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$134.00K	USD	1 Quarter
Contingent acquisition payments	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$308.00K	USD	1 Quarter
Contingent acquisition payments	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$83.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-430.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-740.00K	USD	1 Quarter
Proceeds from sale of common stock, net of issuance costs	`ProceedsFromIssuanceOfPrivatePlacement`	$857.00K	USD	1 Quarter
Borrowings from bank line of credit	`ProceedsFromLinesOfCredit`	$1.88M	USD	1 Quarter
Borrowings from bank line of credit	`ProceedsFromLinesOfCredit`	$2.45M	USD	1 Quarter
Payments on bank line of credit	`RepaymentsOfLinesOfCredit`	$1.83M	USD	1 Quarter
Payments on bank line of credit	`RepaymentsOfLinesOfCredit`	$2.62M	USD	1 Quarter
Payments on subordinated promissory notes	`RepaymentsOfNotesPayable`	$42.00K	USD	1 Quarter
Payment on acquired debt	`RepaymentsOfLongTermDebt`	$120.00K	USD	1 Quarter
Principal payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$71.00K	USD	1 Quarter
Principal payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$14.00K	USD	1 Quarter
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$668.00K	USD	1 Quarter
Net cash (used in)/provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-193.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-73.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-844.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.53M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.68M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.04M	USD	Point-in-time
Interest	`InterestPaid`	$60.00K	USD	1 Quarter
Interest	`InterestPaid`	$6.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$1.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$15.00K	USD	1 Quarter
Equipment purchased under capital leases	`CapitalLeaseObligationsIncurred`	$76.00K	USD	1 Quarter
Equipment purchased under capital leases	`CapitalLeaseObligationsIncurred`	$473.00K	USD	1 Quarter
Equipment and other assets included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$166.00K	USD	1 Quarter
Equipment and other assets included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$4.00K	USD	1 Quarter
Common stock issued in connection with acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$150.00K	USD	1 Quarter
Accrued contingent consideration (earnouts)	`OtherNoncashExpense`	$600.00K	USD	1 Quarter

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