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10-Q Filing

BRIDGELINE DIGITAL, INC. CIK: 1378590 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001437749-14-002259
Period End Date 20131231
Filing Date 20140214
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance blin-20131231.xml
Filing Contents
Balance Sheet 74 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 $2.40M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.83M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $621.00K USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.13M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts receivable and unbilled receivables, net AccountsAndOtherReceivablesNetCurrent $3.19M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts receivable and unbilled receivables, net AccountsAndOtherReceivablesNetCurrent $4.04M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $967.00K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $963.00K USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares 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
Total current assets AssetsCurrent $6.99M USD Point-in-time
Total current assets AssetsCurrent $5.63M USD Point-in-time
Equipment and improvements, net PropertyPlantAndEquipmentNet $2.91M USD Point-in-time
Equipment and improvements, net PropertyPlantAndEquipmentNet $3.06M 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
Common stock, shares issued CommonStockSharesIssued 18.31M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 18.48M shares Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.52M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.40M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 18.31M shares Point-in-time
Goodwill Goodwill $23.84M USD Point-in-time
Goodwill Goodwill $23.78M USD Point-in-time
Goodwill Goodwill $21.55M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 18.48M shares Point-in-time
Other assets OtherAssetsNoncurrent $1.61M USD Point-in-time
Other assets OtherAssetsNoncurrent $1.63M USD Point-in-time
Total assets Assets $35.38M USD Point-in-time
Total assets Assets $36.98M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.47M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.75M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $1.09M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $853.00K USD Point-in-time
Accrued earnouts BusinessCombinationContingentConsiderationLiability $-83.00K USD Point-in-time
Debt, net of current portion OtherLongTermDebtNoncurrent $5.47M USD Point-in-time
Debt, net of current portion OtherLongTermDebtNoncurrent $4.72M USD Point-in-time
Capital lease obligations, net of current portion CapitalLeaseObligationsNoncurrent $445.00K USD Point-in-time
Capital lease obligations, net of current portion CapitalLeaseObligationsNoncurrent $544.00K USD Point-in-time
Other long term liabilities OtherLiabilitiesNoncurrent $1.09M USD Point-in-time
Other long term liabilities OtherLiabilitiesNoncurrent $1.15M USD Point-in-time
Total liabilities Liabilities $14.23M USD Point-in-time
Total liabilities Liabilities $13.19M 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; 18,476,041 at December 31, 2013 and 18,313,765 at September 30, 2013 shares issued and outstanding CommonStockValue $19.00K USD Point-in-time
Common stock - $0.001 par value; 20,000,000 shares authorized; 18,476,041 at December 31, 2013 and 18,313,765 at September 30, 2013 shares issued and outstanding CommonStockValue $18.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $44.21M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $44.46M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-21.31M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-22.09M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-162.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-194.00K USD Point-in-time
Total stockholders equity StockholdersEquity $22.75M USD Point-in-time
Total stockholders equity StockholdersEquity $22.20M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $35.38M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $36.98M USD Point-in-time
Debt, current DebtCurrent $20.00K USD Point-in-time
Debt, current DebtCurrent $1.17M USD Point-in-time
Capital lease obligations, current CapitalLeaseObligationsCurrent $397.00K USD Point-in-time
Capital lease obligations, current CapitalLeaseObligationsCurrent $364.00K USD Point-in-time
Deferred revenue DeferredRevenueCurrent $2.01M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $1.96M USD Point-in-time
Total current liabilities LiabilitiesCurrent $6.92M USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.28M USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Digital engagement services SalesRevenueServicesNet $4.55M USD 1 Quarter
Digital engagement services SalesRevenueServicesNet $4.85M USD 1 Quarter
Subscription and perpetual licenses LicensesRevenue $1.58M USD 1 Quarter
Subscription and perpetual licenses LicensesRevenue $787.00K USD 1 Quarter
Managed service hosting TechnologyServicesRevenue $556.00K USD 1 Quarter
Managed service hosting TechnologyServicesRevenue $387.00K USD 1 Quarter
Total revenue Revenues $6.19M USD 1 Quarter
Total revenue Revenues $6.51M USD 1 Quarter
Digital engagement services CostOfServices $2.75M USD 1 Quarter
Digital engagement services CostOfServices $2.50M USD 1 Quarter
Subscription and perpetual licenses LicenseCosts $168.00K USD 1 Quarter
Subscription and perpetual licenses LicenseCosts $397.00K USD 1 Quarter
Managed service hosting TechnologyServicesCosts $84.00K USD 1 Quarter
Managed service hosting TechnologyServicesCosts $72.00K USD 1 Quarter
Total cost of revenue CostOfRevenue $2.99M USD 1 Quarter
Total cost of revenue CostOfRevenue $2.98M USD 1 Quarter
Gross profit GrossProfit $3.53M USD 1 Quarter
Gross profit GrossProfit $3.20M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $2.11M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $1.83M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $1.35M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $1.03M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $523.00K USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $132.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $454.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $424.00K USD 1 Quarter
Total operating expenses OperatingExpenses $3.74M USD 1 Quarter
Total operating expenses OperatingExpenses $4.12M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-545.00K USD 1 Quarter
Loss from operations OperatingIncomeLoss $-589.00K USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-76.00K USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-167.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic $-756.00K 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 $-777.00K USD 1 Quarter
Net loss NetIncomeLoss $-642.00K 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 17.76M shares 1 Quarter
Basic and diluted (in Shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 14.78M shares 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-777.00K USD 1 Quarter
Net loss NetIncomeLoss $-642.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $156.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $125.00K USD 1 Quarter
Depreciation DepreciationNonproduction $268.00K USD 1 Quarter
Depreciation DepreciationNonproduction $322.00K USD 1 Quarter
Other amortization OtherDepreciationAndAmortization $44.00K USD 1 Quarter
Other amortization OtherDepreciationAndAmortization $120.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $42.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $127.00K USD 1 Quarter
Accounts receivable and unbilled receivables IncreaseDecreaseInAccountsAndOtherReceivables $511.00K USD 1 Quarter
Accounts receivable and unbilled receivables IncreaseDecreaseInAccountsAndOtherReceivables $847.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $37.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-169.00K USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-700.00K 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 $52.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-14.00K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $64.00K USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $1.03M USD 1 Quarter
Total adjustments AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $-653.00K USD 1 Quarter
Net cash (used in)/provided by operating activities NetCashProvidedByUsedInOperatingActivities $386.00K USD 1 Quarter
Net cash (used in)/provided by operating activities NetCashProvidedByUsedInOperatingActivities $-1.43M USD 1 Quarter
Equipment and improvements PaymentsToAcquirePropertyPlantAndEquipment $62.00K USD 1 Quarter
Equipment and improvements PaymentsToAcquirePropertyPlantAndEquipment $147.00K USD 1 Quarter
Software development capitalization costs/other intangibles PaymentsToDevelopSoftware $90.00K USD 1 Quarter
Software development capitalization costs/other intangibles PaymentsToDevelopSoftware $272.00K USD 1 Quarter
Contingent acquisition payments PaymentsToAcquireBusinessesAndInterestInAffiliates $104.00K USD 1 Quarter
Contingent acquisition payments PaymentsToAcquireBusinessesAndInterestInAffiliates $104.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-341.00K 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 exercise of employee stock options ProceedsFromStockOptionsExercised $129.00K USD 1 Quarter
Proceeds from employee stock purchase plan ProceedsFromStockPlans $46.00K USD 1 Quarter
Proceeds from employee stock purchase plan ProceedsFromStockPlans $13.00K USD 1 Quarter
Proceeds from issuance of convertible debt, net of issuance costs ProceedsFromDebtNetOfIssuanceCosts $913.00K USD 1 Quarter
Borrowings from bank line of credit ProceedsFromLinesOfCredit $500.00K USD 1 Quarter
Payments on term loan RepaymentsOfBankDebt $91.00K USD 1 Quarter
Payments on term loan RepaymentsOfBankDebt $273.00K USD 1 Quarter
Payments on bank line of credit RepaymentsOfLinesOfCredit $110.00K USD 1 Quarter
Payments on bank line of credit RepaymentsOfLinesOfCredit $1.00M USD 1 Quarter
Payments on subordinated promissory notes RepaymentsOfNotesPayable $56.00K 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 $132.00K USD 1 Quarter
Net cash (used in)/provided by financing activities NetCashProvidedByUsedInFinancingActivities $282.00K USD 1 Quarter
Net cash (used in)/provided by financing activities NetCashProvidedByUsedInFinancingActivities $-406.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $39.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-32.00K USD 1 Quarter
Net (decrease)/increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $269.00K USD 1 Quarter
Net (decrease)/increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-2.21M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.40M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.83M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $621.00K 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 $2.40M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.83M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $621.00K USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.13M USD Point-in-time
Interest InterestPaid $70.00K USD 1 Quarter
Interest InterestPaid $54.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $13.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $24.00K USD 1 Quarter
Equipment purchased under capital leases CapitalLeaseObligationsIncurred $85.00K USD 1 Quarter
Equipment and other assets included in accounts payable CapitalExpendituresIncurredButNotYetPaid $19.00K USD 1 Quarter
Equipment and other assets included in accounts payable CapitalExpendituresIncurredButNotYetPaid $46.00K USD 1 Quarter
Accrued contingent consideration (earnouts) OtherNoncashExpense $83.00K USD 1 Quarter
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net Loss NetIncomeLoss $-777.00K USD 1 Quarter
Net Loss NetIncomeLoss $-642.00K USD 1 Quarter
Net change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $39.00K USD 1 Quarter
Net change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-32.00K USD 1 Quarter
Other comprehensive gain (loss): OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-32.00K USD 1 Quarter
Other comprehensive gain (loss): OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $39.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-809.00K 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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