10-Q Filing

BRIDGELINE DIGITAL, INC. CIK: 1378590 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-002876`
Period End Date	20141231
Filing Date	20150217
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	blin-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 45 Cash Flow Statement 72 Comprehensive Income 6

Balance Sheet 71 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
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	200,000.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	200,000.00	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.04M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	21.94M	shares	Point-in-time
Accounts receivable and unbilled receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$3.34M	USD	Point-in-time
Accounts receivable and unbilled receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$3.18M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	21.95M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$747.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	21.94M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	21.95M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$610.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.34M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.83M	USD	Point-in-time
Equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$2.28M	USD	Point-in-time
Equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$2.17M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.43M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.58M	USD	Point-in-time
Goodwill	`Goodwill`	$23.14M	USD	Point-in-time
Goodwill	`Goodwill`	$23.78M	USD	Point-in-time
Goodwill	`Goodwill`	$23.14M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.26M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.32M	USD	Point-in-time
Total assets	`Assets`	$33.56M	USD	Point-in-time
Total assets	`Assets`	$32.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.13M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$957.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$870.00K	USD	Point-in-time
Less current portion	`LongTermDebtCurrent`	$985.00K	USD	Point-in-time
Less current portion	`LongTermDebtCurrent`	$594.00K	USD	Point-in-time
Capital lease obligations, current	`CapitalLeaseObligationsCurrent`	$442.00K	USD	Point-in-time
Capital lease obligations, current	`CapitalLeaseObligationsCurrent`	$364.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$2.02M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.54M	USD	Point-in-time
Debt, net of current portion	`LongTermDebtNoncurrent`	$5.93M	USD	Point-in-time
Debt, net of current portion	`LongTermDebtNoncurrent`	$5.98M	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$216.00K	USD	Point-in-time
Capital lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$247.00K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$1.27M	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$1.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.31M	USD	Point-in-time
Common stock - $0.001 par value; 50,000,000 shares authorized; 21,974,529 at December 31, 2014 and 21,942,912 at September 30, 2014 shares issued and outstanding	`CommonStockValue`	$22.00K	USD	Point-in-time
Common stock - $0.001 par value; 50,000,000 shares authorized; 21,974,529 at December 31, 2014 and 21,942,912 at September 30, 2014 shares issued and outstanding	`CommonStockValue`	$22.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$49.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$47.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-29.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.53M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-338.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-333.00K	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`	$19.93M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$19.64M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$33.56M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$32.95M	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Digital engagement services	`SalesRevenueServicesNet`	$3.23M	USD	1 Quarter
Digital engagement services	`SalesRevenueServicesNet`	$4.55M	USD	1 Quarter
Subscription and perpetual licenses	`LicensesRevenue`	$1.58M	USD	1 Quarter
Subscription and perpetual licenses	`LicensesRevenue`	$1.38M	USD	1 Quarter
Managed service hosting	`TechnologyServicesRevenue`	$401.00K	USD	1 Quarter
Managed service hosting	`TechnologyServicesRevenue`	$387.00K	USD	1 Quarter
Total net revenue	`Revenues`	$5.01M	USD	1 Quarter
Total net revenue	`Revenues`	$6.51M	USD	1 Quarter
Digital engagement services	`CostOfServices`	$2.50M	USD	1 Quarter
Digital engagement services	`CostOfServices`	$2.56M	USD	1 Quarter
Subscription and perpetual licenses	`LicenseCosts`	$397.00K	USD	1 Quarter
Subscription and perpetual licenses	`LicenseCosts`	$430.00K	USD	1 Quarter
Managed service hosting	`TechnologyServicesCosts`	$74.00K	USD	1 Quarter
Managed service hosting	`TechnologyServicesCosts`	$84.00K	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$3.07M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$2.98M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.53M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.81M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$2.11M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$993.00K	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`	$602.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$452.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$454.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.12M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.86M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-589.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.91M	USD	1 Quarter
Interest and other expense, net	`InterestIncomeExpenseNet`	$-167.00K	USD	1 Quarter
Interest and other expense, net	`InterestIncomeExpenseNet`	$-162.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-2.08M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-756.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$35.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-777.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.11M	USD	1 Quarter
Accrued dividends on convertible preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$21.00K	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-777.00K	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.13M	USD	1 Quarter
Net loss per share attributable to common shareholders - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	1 Quarter
Net loss per share attributable to common shareholders - Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.72M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.76M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	200,000.00	shares	Point-in-time
Net loss	`NetIncomeLoss`	$-777.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.11M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$125.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$152.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$279.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$322.00K	USD	1 Quarter
Other amortization	`OtherDepreciationAndAmortization`	$120.00K	USD	1 Quarter
Other amortization	`OtherDepreciationAndAmortization`	$146.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$89.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$42.00K	USD	1 Quarter
Change in deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$15.00K	USD	1 Quarter
Accounts receivable and unbilled receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$847.00K	USD	1 Quarter
Accounts receivable and unbilled receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-165.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-169.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-255.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-700.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-245.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$52.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$34.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$64.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-27.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$863.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-653.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.43M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.25M	USD	1 Quarter
Purchase of equipment and improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$147.00K	USD	1 Quarter
Purchase of equipment and improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.00K	USD	1 Quarter
Software development capitalization costs	`PaymentsToDevelopSoftware`	$21.00K	USD	1 Quarter
Software development capitalization costs	`PaymentsToDevelopSoftware`	$90.00K	USD	1 Quarter
Contingent acquisition payments	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$104.00K	USD	1 Quarter
Contingent acquisition payments	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$180.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-341.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-255.00K	USD	1 Quarter
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$129.00K	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$2.00K	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$13.00K	USD	1 Quarter
Proceeds from issuance of 200,000 shares of preferred stock, net of issuance costs	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$1.78M	USD	1 Quarter
Proceeds from issuance of convertible debt, net of issuance costs	`ProceedsFromDebtNetOfIssuanceCosts`	$913.00K	USD	1 Quarter
Proceeeds from bank term loan	`ProceedsFromBankDebt`	$610.00K	USD	1 Quarter
Proceeds from term note from stockholder	`ProceedsFromIssuanceOfLongTermDebt`	$500.00K	USD	1 Quarter
Payments on bank term loan	`RepaymentsOfBankDebt`	$273.00K	USD	1 Quarter
Payments on bank term loan	`RepaymentsOfBankDebt`	$1.00M	USD	1 Quarter
Payments on bank line of credit	`RepaymentsOfLinesOfCredit`	$1.00M	USD	1 Quarter
Payments on bank line of credit	`RepaymentsOfLinesOfCredit`	$461.00K	USD	1 Quarter
Payments on subordinated promissory notes	`RepaymentsOfNotesPayable`	$7.00K	USD	1 Quarter
Payments on subordinated promissory notes	`RepaymentsOfNotesPayable`	$56.00K	USD	1 Quarter
Principal payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$125.00K	USD	1 Quarter
Principal payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$132.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-406.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.29M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-32.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-212.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.21M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	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`	$1.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	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`	$1.04M	USD	Point-in-time
Interest	`InterestPaid`	$55.00K	USD	1 Quarter
Interest	`InterestPaid`	$70.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$24.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$14.00K	USD	1 Quarter
Equipment purchased under capital leases	`CapitalLeaseObligationsIncurred`	$172.00K	USD	1 Quarter
Other assets included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$19.00K	USD	1 Quarter
Other assets included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$19.00K	USD	1 Quarter
Accrued dividends on convertible preferred stock	`DividendsPayableCurrentAndNoncurrent`	$21.00K	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-777.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.11M	USD	1 Quarter
Net change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-32.00K	USD	1 Quarter
Net change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-5.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-809.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.12M	USD	1 Quarter

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