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10-Q Filing

BRIDGELINE DIGITAL, INC. CIK: 1378590 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001437749-13-001610
Period End Date 20121231
Filing Date 20130214
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance blin-20121231.xml
Filing Contents
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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.53M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.40M USD Point-in-time
Preferred stock, shares authorized (in Shares) PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.68M USD Point-in-time
Preferred stock, shares authorized (in Shares) PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.13M USD Point-in-time
Accounts receivable and unbilled receivables, net AccountsAndOtherReceivablesNetCurrent $4.49M 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 issued (in Shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $677.00K USD Point-in-time
Preferred stock, shares outstanding (in Shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $648.00K USD Point-in-time
Preferred stock, shares outstanding (in Shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common stock par value (in Dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Total current assets AssetsCurrent $7.56M USD Point-in-time
Total current assets AssetsCurrent $6.75M USD Point-in-time
Common stock par value (in Dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Equipment and improvements, net PropertyPlantAndEquipmentNet $2.73M 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
Equipment and improvements, net PropertyPlantAndEquipmentNet $2.67M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.38M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.53M USD Point-in-time
Common stock, shares issued (in Shares) CommonStockSharesIssued 15.33M shares Point-in-time
Common stock, shares issued (in Shares) CommonStockSharesIssued 15.20M shares Point-in-time
Common stock, shares outstanding (in Shares) CommonStockSharesOutstanding 15.33M shares Point-in-time
Common stock, shares outstanding (in Shares) CommonStockSharesOutstanding 15.20M shares Point-in-time
Goodwill Goodwill $21.72M USD Point-in-time
Goodwill Goodwill $21.55M USD Point-in-time
Goodwill Goodwill $20.12M USD Point-in-time
Other assets OtherAssetsNoncurrent $1.13M USD Point-in-time
Other assets OtherAssetsNoncurrent $1.40M USD Point-in-time
Total assets Assets $34.73M USD Point-in-time
Total assets Assets $33.69M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.13M USD Point-in-time
Accounts payable AccountsPayableCurrent $988.00K USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $1.31M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $903.00K USD Point-in-time
Accrued earnouts, current OtherLiabilitiesCurrent $375.00K USD Point-in-time
Accrued earnouts, current OtherLiabilitiesCurrent $354.00K USD Point-in-time
Debt, current DebtCurrent $1.38M USD Point-in-time
Debt, current DebtCurrent $1.42M USD Point-in-time
Capital lease obligations, current CapitalLeaseObligationsCurrent $262.00K USD Point-in-time
Capital lease obligations, current CapitalLeaseObligationsCurrent $230.00K USD Point-in-time
Deferred revenue DeferredRevenueCurrent $2.85M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $1.14M USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.61M USD Point-in-time
Total current liabilities LiabilitiesCurrent $6.74M USD Point-in-time
Accrued earnouts, net of current portion OtherAccruedLiabilitiesNoncurrent $990.00K USD Point-in-time
Accrued earnouts, net of current portion OtherAccruedLiabilitiesNoncurrent $990.00K USD Point-in-time
Debt, net of current portion OtherLongTermDebtNoncurrent $2.99M USD Point-in-time
Debt, net of current portion OtherLongTermDebtNoncurrent $3.27M 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 $126.00K USD Point-in-time
Other long term liabilities OtherLiabilitiesNoncurrent $991.00K USD Point-in-time
Other long term liabilities OtherLiabilitiesNoncurrent $1.00M USD Point-in-time
Total liabilities Liabilities $12.12M USD Point-in-time
Total liabilities Liabilities $10.72M 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; 15,332,768 and 15,203,538 shares issued and outstanding, respectively CommonStockValue $15.00K USD Point-in-time
Common stock -$0.001 par value; 20,000,000 shares authorized; 15,332,768 and 15,203,538 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 $41.09M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-18.36M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-17.72M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-137.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-176.00K USD Point-in-time
Total stockholders equity StockholdersEquity $22.97M USD Point-in-time
Total stockholders equity StockholdersEquity $22.61M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $34.73M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $33.69M USD Point-in-time
Income Statement 43 line items
Line Item Tag Value Unit Period
Web application development services SalesRevenueServicesNet $5.31M USD 1 Quarter
Web application development services SalesRevenueServicesNet $4.85M USD 1 Quarter
Managed service hosting TechnologyServicesRevenue $556.00K USD 1 Quarter
Managed service hosting TechnologyServicesRevenue $616.00K USD 1 Quarter
Subscription and perpetual licenses LicensesRevenue $787.00K USD 1 Quarter
Subscription and perpetual licenses LicensesRevenue $593.00K USD 1 Quarter
Total revenue Revenues $6.52M USD 1 Quarter
Total revenue Revenues $6.19M USD 1 Quarter
Web application development services CostOfServices $2.75M USD 1 Quarter
Web application development services CostOfServices $2.85M USD 1 Quarter
Managed service hosting TechnologyServicesCosts $72.00K USD 1 Quarter
Managed service hosting TechnologyServicesCosts $106.00K USD 1 Quarter
Subscription and perpetual licenses LicenseCosts $168.00K USD 1 Quarter
Subscription and perpetual licenses LicenseCosts $120.00K USD 1 Quarter
Total cost of revenue CostOfRevenue $3.08M USD 1 Quarter
Total cost of revenue CostOfRevenue $2.99M USD 1 Quarter
Gross profit GrossProfit $3.20M USD 1 Quarter
Gross profit GrossProfit $3.44M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $1.83M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $1.72M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $1.35M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $1.00M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $403.00K USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $132.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $424.00K 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 $3.81M USD 1 Quarter
Total operating expenses OperatingExpenses $3.74M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-378.00K USD 1 Quarter
Loss from operations OperatingIncomeLoss $-545.00K USD 1 Quarter
Interest income (expense), net InterestIncomeExpenseNet $-64.00K USD 1 Quarter
Interest income (expense), net InterestIncomeExpenseNet $-76.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic $-442.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic $-621.00K 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 $-642.00K USD 1 Quarter
Net loss NetIncomeLoss $-463.00K USD 1 Quarter
Basic and diluted (in Dollars per share) EarningsPerShareBasicAndDiluted $-0.04 USD 1 Quarter
Basic and diluted (in Dollars per share) EarningsPerShareBasicAndDiluted $-0.04 USD 1 Quarter
Basic and diluted (in Shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 14.78M shares 1 Quarter
Basic and diluted (in Shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 12.32M shares 1 Quarter
Cash Flow Statement 71 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-642.00K USD 1 Quarter
Net loss NetIncomeLoss $-463.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $195.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $156.00K USD 1 Quarter
Impairment of intangible asset ImpairmentOfIntangibleAssetsExcludingGoodwill $281.00K USD 1 Quarter
Depreciation DepreciationNonproduction $220.00K USD 1 Quarter
Depreciation DepreciationNonproduction $268.00K USD 1 Quarter
Other amortization OtherDepreciationAndAmortization $44.00K USD 1 Quarter
Other amortization OtherDepreciationAndAmortization $50.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $60.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $127.00K USD 1 Quarter
Accounts receivable and unbilled receivables IncreaseDecreaseInAccountsAndOtherReceivables $-281.00K USD 1 Quarter
Accounts receivable and unbilled receivables IncreaseDecreaseInAccountsAndOtherReceivables $511.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $199.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $37.00K USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-674.00K USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-694.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $1.69M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $210.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $134.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-14.00K USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $558.00K USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $1.03M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $386.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $95.00K USD 1 Quarter
Equipment and improvements PaymentsToAcquirePropertyPlantAndEquipment $523.00K USD 1 Quarter
Equipment and improvements PaymentsToAcquirePropertyPlantAndEquipment $62.00K USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $134.00K USD 1 Quarter
Software development capitalization costs PaymentsToDevelopSoftware $272.00K USD 1 Quarter
Contingent acquisition payments PaymentsToAcquireBusinessesAndInterestInAffiliates $83.00K USD 1 Quarter
Contingent acquisition payments PaymentsToAcquireBusinessesAndInterestInAffiliates $104.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-740.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-438.00K USD 1 Quarter
Proceeds from exercise of employee stock options ProceedsFromStockOptionsExercised $67.00K USD 1 Quarter
Proceeds from employee stock purchase plan ProceedsFromIssuanceOfPrivatePlacement $46.00K USD 1 Quarter
Borrowings from bank term loan ProceedsFromBankDebt $1.50M USD 1 Quarter
Borrowings from bank line of credit ProceedsFromLinesOfCredit $375.00K USD 1 Quarter
Borrowings from bank line of credit ProceedsFromLinesOfCredit $500.00K USD 1 Quarter
Payments on bank term loan RepaymentsOfBankDebt $91.00K USD 1 Quarter
Payments on bank line of credit RepaymentsOfLinesOfCredit $1.83M USD 1 Quarter
Payments on bank line of credit RepaymentsOfLinesOfCredit $110.00K USD 1 Quarter
Payments on acquired debt RepaymentsOfLongTermDebt $120.00K USD 1 Quarter
Payments on subordinated promissory notes RepaymentsOfNotesPayable $42.00K USD 1 Quarter
Payments on subordinated promissory notes RepaymentsOfNotesPayable $56.00K USD 1 Quarter
Principal payments on capital leases RepaymentsOfLongTermCapitalLeaseObligations $74.00K USD 1 Quarter
Principal payments on capital leases RepaymentsOfLongTermCapitalLeaseObligations $71.00K USD 1 Quarter
Net cash provided by/(used in) financing activities NetCashProvidedByUsedInFinancingActivities $-193.00K USD 1 Quarter
Net cash provided by/(used in) financing activities NetCashProvidedByUsedInFinancingActivities $282.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-6.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $39.00K USD 1 Quarter
Net increase/(decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-844.00K USD 1 Quarter
Net increase/(decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $269.00K 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 $2.40M 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 $2.13M 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 $2.40M 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 $2.13M USD Point-in-time
Interest InterestPaid $60.00K USD 1 Quarter
Interest InterestPaid $54.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $1.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $13.00K USD 1 Quarter
Equipment purchased under capital leases CapitalLeaseObligationsIncurred $76.00K USD 1 Quarter
Equipment purchased under capital leases CapitalLeaseObligationsIncurred $85.00K USD 1 Quarter
Equipment and other assets included in accounts payable CapitalExpendituresIncurredButNotYetPaid $46.00K USD 1 Quarter
Equipment and other assets included in accounts payable CapitalExpendituresIncurredButNotYetPaid $166.00K USD 1 Quarter
Accrued contingent consideration (earnouts) OtherNoncashExpense $83.00K USD 1 Quarter
Accrued contingent consideration (earnouts) OtherNoncashExpense $600.00K USD 1 Quarter
Common stock issued in connection with acquisition StockIssuedDuringPeriodValueAcquisitions $150.00K USD 1 Quarter
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net Loss NetIncomeLoss $-642.00K USD 1 Quarter
Net Loss NetIncomeLoss $-463.00K USD 1 Quarter
Net change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $39.00K USD 1 Quarter
Net change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-6.00K USD 1 Quarter
Other comprehensive income (loss): OtherComprehensiveIncomeLossNetOfTax $39.00K USD 1 Quarter
Other comprehensive income (loss): OtherComprehensiveIncomeLossNetOfTax $-6.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-469.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-603.00K USD 1 Quarter

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

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