10-K Filing

BRIDGELINE DIGITAL, INC. CIK: 1378590 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001437749-12-012545`
Period End Date	20120930
Filing Date	20121205
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	blin-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 43 Cash Flow Statement 71 Stockholders Equity 25

Balance Sheet 77 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 (in Shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued (in Shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.53M	USD	Point-in-time
Preferred stock, shares issued (in Shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable and unbilled receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$3.98M	USD	Point-in-time
Preferred stock, shares outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in Shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable and unbilled receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$4.27M	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$494.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$648.00K	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.30M	USD	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.75M	USD	Point-in-time
Equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$2.73M	USD	Point-in-time
Equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$1.78M	USD	Point-in-time
Common stock, shares issued (in Shares)	`CommonStockSharesIssued`	12.31M	shares	Point-in-time
Common stock, shares issued (in Shares)	`CommonStockSharesIssued`	15.21M	shares	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	15.21M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.53M	USD	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	12.31M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.53M	USD	Point-in-time
Goodwill	`Goodwill`	$20.12M	USD	Point-in-time
Goodwill	`Goodwill`	$20.04M	USD	Point-in-time
Goodwill	`Goodwill`	$21.55M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$685.00K	USD	Point-in-time
Total assets	`Assets`	$33.69M	USD	Point-in-time
Total assets	`Assets`	$31.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.13M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.31M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Accrued earnouts, current	`OtherLiabilitiesCurrent`	$295.00K	USD	Point-in-time
Accrued earnouts, current	`OtherLiabilitiesCurrent`	$375.00K	USD	Point-in-time
Debt, current	`DebtCurrent`	$1.75M	USD	Point-in-time
Debt, current	`DebtCurrent`	$1.42M	USD	Point-in-time
Capital lease obligations, current	`CapitalLeaseObligationsCurrent`	$216.00K	USD	Point-in-time
Capital lease obligations, current	`CapitalLeaseObligationsCurrent`	$230.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.14M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.61M	USD	Point-in-time
Accrued earnouts, net of current portion	`OtherAccruedLiabilitiesNoncurrent`	$990.00K	USD	Point-in-time
Accrued earnouts, net of current portion	`OtherAccruedLiabilitiesNoncurrent`	$772.00K	USD	Point-in-time
Debt, net of current portion	`OtherLongTermDebtNoncurrent`	$3.02M	USD	Point-in-time
Debt, net of current portion	`OtherLongTermDebtNoncurrent`	$2.99M	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$127.00K	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$215.00K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$395.00K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$1.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.72M	USD	Point-in-time
Commitments and contingencies (See note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See note 10)	`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; 15,209,038 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; 15,209,038 and 12,306,207 shares issued and outstanding, respectively	`CommonStockValue`	$15.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$40.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$38.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.72M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-176.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-117.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$21.21M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$20.66M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$22.97M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$33.69M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$31.41M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Web application development services	`SalesRevenueServicesNet`	$21.87M	USD	Annual
Web application development services	`SalesRevenueServicesNet`	$21.27M	USD	Annual
Managed service hosting	`TechnologyServicesRevenue`	$2.01M	USD	Annual
Managed service hosting	`TechnologyServicesRevenue`	$2.52M	USD	Annual
Subscription and perpetual licenses	`LicensesRevenue`	$2.39M	USD	Annual
Subscription and perpetual licenses	`LicensesRevenue`	$2.51M	USD	Annual
Total revenue	`Revenues`	$26.27M	USD	Annual
Total revenue	`Revenues`	$26.30M	USD	Annual
Web application development services	`CostOfServices`	$10.95M	USD	Annual
Web application development services	`CostOfServices`	$11.87M	USD	Annual
Managed service hosting	`TechnologyServicesCosts`	$443.00K	USD	Annual
Managed service hosting	`TechnologyServicesCosts`	$372.00K	USD	Annual
Subscription and perpetual licenses	`LicenseCosts`	$681.00K	USD	Annual
Subscription and perpetual licenses	`LicenseCosts`	$450.00K	USD	Annual
Total cost of revenue	`CostOfRevenue`	$11.77M	USD	Annual
Total cost of revenue	`CostOfRevenue`	$12.99M	USD	Annual
Gross profit	`GrossProfit`	$14.53M	USD	Annual
Gross profit	`GrossProfit`	$13.27M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$6.74M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$7.73M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.88M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.93M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.46M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.87M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.34M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.73M	USD	Annual
Impairment of intangible asset	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$281.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$15.13M	USD	Annual
Total operating expenses	`OperatingExpenses`	$13.82M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-602.00K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-547.00K	USD	Annual
Interest income (expense) net	`InterestIncomeExpenseNet`	$-211.00K	USD	Annual
Interest income (expense) net	`InterestIncomeExpenseNet`	$-276.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-758.00K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-878.00K	USD	Annual
Provison for income taxes	`IncomeTaxExpenseBenefit`	$24.00K	USD	Annual
Provison for income taxes	`IncomeTaxExpenseBenefit`	$68.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-946.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-782.00K	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	Annual
Basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.19M	shares	Annual
Basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.08M	shares	Annual

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-946.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-782.00K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$749.00K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$765.00K	USD	Annual
Impairment of intangible asset	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$281.00K	USD	Annual
Depreciation	`DepreciationNonproduction`	$980.00K	USD	Annual
Depreciation	`DepreciationNonproduction`	$603.00K	USD	Annual
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-117.00K	USD	Annual
Other amortization	`OtherDepreciationAndAmortization`	$350.00K	USD	Annual
Other amortization	`OtherDepreciationAndAmortization`	$170.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$386.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$356.00K	USD	Annual
Adjustments to accrued earnouts	`OtherNoncashIncome`	$1.10M	USD	Annual
Adjustments to accrued earnouts	`OtherNoncashIncome`	$296.00K	USD	Annual
Accounts receivable and unbilled receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$345.00K	USD	Annual
Accounts receivable and unbilled receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-658.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$219.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-259.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-641.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-50.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-268.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$270.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-249.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$54.00K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.60M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$1.23M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$823.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$279.00K	USD	Annual
Equipment and improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$618.00K	USD	Annual
Equipment and improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$932.00K	USD	Annual
Software development	`PaymentsToDevelopSoftware`	$59.00K	USD	Annual
Software development	`PaymentsToDevelopSoftware`	$557.00K	USD	Annual
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$35.00K	USD	Annual
Contingent acquisition payments	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$696.00K	USD	Annual
Contingent acquisition payments	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$437.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.37M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.96M	USD	Annual
Proceeds from sale of common stock, net of issuance costs	`ProceedsFromIssuanceOfPrivatePlacement`	$858.00K	USD	Annual
Proceeds from sale of common stock, net of issuance costs	`ProceedsFromIssuanceOfPrivatePlacement`	$2.21M	USD	Annual
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$133.00K	USD	Annual
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$121.00K	USD	Annual
Borrowings from term loan	`ProceedsFromBankDebt`	$2.00M	USD	Annual
Borrowings from bank line of credit	`ProceedsFromLinesOfCredit`	$4.45M	USD	Annual
Borrowings from bank line of credit	`ProceedsFromLinesOfCredit`	$1.70M	USD	Annual
Payments on term loan	`RepaymentsOfBankDebt`	$308.00K	USD	Annual
Payments on bank line of credit	`RepaymentsOfLinesOfCredit`	$1.71M	USD	Annual
Payments on bank line of credit	`RepaymentsOfLinesOfCredit`	$7.06M	USD	Annual
Principal payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$289.00K	USD	Annual
Principal payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$212.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.34M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$34.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-59.00K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-517.00K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-402.00K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.04M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.13M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.13M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.53M	USD	Point-in-time
Interest	`InterestPaid`	$193.00K	USD	Annual
Interest	`InterestPaid`	$275.00K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$31.00K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$49.00K	USD	Annual
Equipment and other assets included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$16.00K	USD	Annual
Equipment and other assets included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$161.00K	USD	Annual
Equipment purchased under capital leases	`CapitalLeaseObligationsIncurred`	$582.00K	USD	Annual
Equipment purchased under capital leases	`CapitalLeaseObligationsIncurred`	$137.00K	USD	Annual
Accrued contingent consideration (earnouts)	`OtherNoncashExpense`	$1.21M	USD	Annual
Common stock to be issued in connection with acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$411.00K	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$21.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.97M	USD	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$1.00M	USD	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$858.00K	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$2.50M	USD	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$2.22M	USD	Annual
Issuance of common stock (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	1.00M	shares	Point-in-time
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$386.00K	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$356.00K	USD	Annual
Issuance of common stock - acquisitions	`StockIssuedDuringPeriodValueAcquisitions`	$411.00K	USD	Annual
Decrease in estimate of contingent shares that will be earned from a prior acquisition	`IncreaseDecreaseInEstimateOfContingentSharesThatWillBeEarnedFromAPriorAcquisition`	$-380.00K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$133.00K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$121.00K	USD	Annual
Exercise of stock options (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	117,999.00	shares	Annual
Exercise of stock options (in Shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	157,921.00	shares	Annual
Net loss	`NetIncomeLoss`	$-946.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-782.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-59.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.00K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.00M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-783.00K	USD	Annual
Balance	`StockholdersEquity`	$21.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.97M	USD	Point-in-time

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