10-Q Filing

BRIDGELINE DIGITAL, INC. CIK: 1378590 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-002589`
Period End Date	20171231
Filing Date	20180214
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	blin-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 48 Cash Flow Statement 64 Comprehensive Income 6

Balance Sheet 73 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$748.00K	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$661.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	243,536.00	shares	Point-in-time
Accounts receivable and unbilled receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$3.03M	USD	Point-in-time
Accounts receivable and unbilled receivables, net	`AccountsAndOtherReceivablesNetCurrent`	$3.21M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	250,927.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	243,536.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$464.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$352.00K	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	250,927.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.79M	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$2.58M	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreferenceValue`	$2.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.13M	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$181.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$209.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$191.00K	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
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$263.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Goodwill	`Goodwill`	$12.64M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.20M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.20M	shares	Point-in-time
Goodwill	`Goodwill`	$12.64M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$334.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$303.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.20M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.20M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.20M	shares	Point-in-time
Total assets	`Assets`	$18.11M	USD	Point-in-time
Total assets	`Assets`	$17.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.18M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$920.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$980.00K	USD	Point-in-time
Debt, current	`LongTermDebtCurrent`	-	USD	Point-in-time
Debt, current	`LongTermDebtCurrent`	$42.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.47M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.58M	USD	Point-in-time
Debt, net of current portion	`LongTermDebtNoncurrent`	$3.14M	USD	Point-in-time
Debt, net of current portion	`LongTermDebtNoncurrent`	$2.50M	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$172.00K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$444.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$6.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.16M	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; 250,927 at December 31, 2017 and 243,536 at September 30, 2017, issued and outstanding (liquidation preference $2,585)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $0.001 par value; 1,000,000 shares authorized; 250,927 at December 31, 2017 and 243,536 at September 30, 2017, issued and outstanding (liquidation preference $2,585)	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $0.001 par value; 50,000,000 shares authorized; 4,200,219 at December 31, 2017 and at September 30, 2017, issued and outstanding	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock - $0.001 par value; 50,000,000 shares authorized; 4,200,219 at December 31, 2017 and at September 30, 2017, issued and outstanding	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$66.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$65.87M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-54.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-54.75M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-351.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-350.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$11.27M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$10.94M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$17.57M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$18.11M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Digital engagement services	`SalesRevenueServicesNet`	$2.03M	USD	1 Quarter
Digital engagement services	`SalesRevenueServicesNet`	$2.06M	USD	1 Quarter
Subscription and perpetual licenses	`LicensesRevenue`	$1.61M	USD	1 Quarter
Subscription and perpetual licenses	`LicensesRevenue`	$1.73M	USD	1 Quarter
Managed service hosting	`TechnologyServicesRevenue`	$240.00K	USD	1 Quarter
Managed service hosting	`TechnologyServicesRevenue`	$303.00K	USD	1 Quarter
Total net revenue	`Revenues`	$3.97M	USD	1 Quarter
Total net revenue	`Revenues`	$3.99M	USD	1 Quarter
Digital engagement services	`CostOfServices`	$1.40M	USD	1 Quarter
Digital engagement services	`CostOfServices`	$1.13M	USD	1 Quarter
Subscription and perpetual licenses	`LicenseCosts`	$496.00K	USD	1 Quarter
Subscription and perpetual licenses	`LicenseCosts`	$480.00K	USD	1 Quarter
Managed service hosting	`TechnologyServicesCosts`	$80.00K	USD	1 Quarter
Managed service hosting	`TechnologyServicesCosts`	$71.00K	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$1.70M	USD	1 Quarter
Total cost of revenue	`CostOfRevenue`	$1.96M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.01M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.10M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.29M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$736.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$791.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$407.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$360.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$185.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$108.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$31.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.35M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.66M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-343.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-365.00K	USD	1 Quarter
Interest and other expense, net	`InterestIncomeExpenseNet`	$-31.00K	USD	1 Quarter
Interest and other expense, net	`InterestIncomeExpenseNet`	$-86.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-429.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-396.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-430.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-408.00K	USD	1 Quarter
Dividends on convertible preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$75.00K	USD	1 Quarter
Dividends on convertible preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$68.00K	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-505.00K	USD	1 Quarter
Net loss applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-476.00K	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.20M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.01M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-430.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-408.00K	USD	1 Quarter
Amortization of Intangible Assets	`AmortizationOfIntangibleAssets`	$71.00K	USD	1 Quarter
Amortization of Intangible Assets	`AmortizationOfIntangibleAssets`	$72.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$89.00K	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$36.00K	USD	1 Quarter
Other amortization	`OtherDepreciationAndAmortization`	$16.00K	USD	1 Quarter
Other amortization	`OtherDepreciationAndAmortization`	$39.00K	USD	1 Quarter
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	$25.00K	USD	1 Quarter
Debt discount amortization	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$122.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$125.00K	USD	1 Quarter
Accounts receivable and unbilled receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$182.00K	USD	1 Quarter
Accounts receivable and unbilled receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$81.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$50.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-39.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-37.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-390.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-86.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$187.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-61.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$39.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$115.00K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-145.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-575.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-293.00K	USD	1 Quarter
Software development capitalization costs	`PaymentsToDevelopSoftware`	-	USD	1 Quarter
Software development capitalization costs	`PaymentsToDevelopSoftware`	$21.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.00K	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$891.00K	USD	1 Quarter
Proceeds from issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from term notes	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from term notes	`ProceedsFromIssuanceOfLongTermDebt`	$953.00K	USD	1 Quarter
Borrowing on bank line of credit	`ProceedsFromLinesOfCredit`	$355.00K	USD	1 Quarter
Borrowing on bank line of credit	`ProceedsFromLinesOfCredit`	$300.00K	USD	1 Quarter
Payments on bank line of credit	`RepaymentsOfLinesOfCredit`	$300.00K	USD	1 Quarter
Payments on bank line of credit	`RepaymentsOfLinesOfCredit`	$80.00K	USD	1 Quarter
Contingent acquisition payments	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	-	USD	1 Quarter
Contingent acquisition payments	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$75.00K	USD	1 Quarter
Principal payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$12.00K	USD	1 Quarter
Principal payments on capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$953.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.08M	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`	$-1.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$767.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$369.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$748.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.12M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$661.00K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$748.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.12M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$661.00K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
Interest	`InterestPaidNet`	$33.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$64.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$17.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$9.00K	USD	1 Quarter
Accrued dividends on convertible preferred stock	`DividendsPayableCurrentAndNoncurrent`	$76.00K	USD	Point-in-time
Accrued dividends on convertible preferred stock	`DividendsPayableCurrentAndNoncurrent`	$68.00K	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-430.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-408.00K	USD	1 Quarter
Other Comprehensive income: Net change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.00K	USD	1 Quarter
Other Comprehensive income: Net change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-406.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-429.00K	USD	1 Quarter

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