10-K Filing

BRIDGELINE DIGITAL, INC. CIK: 1378590 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001437749-23-035439`
Period End Date	20230930
Filing Date	20231227
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	blin20230930c_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 40 Cash Flow Statement 62 Stockholders Equity 17 Comprehensive Income 6

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
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, 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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.38M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.18M	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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	10.42M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$278.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$242.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	10.42M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	10.42M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	10.42M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.28M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$268.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$151.00K	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$390.00K	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$589.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$4.89M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$6.27M	USD	Point-in-time
Goodwill, net	`Goodwill`	$15.98M	USD	Point-in-time
Goodwill, net	`Goodwill`	$15.98M	USD	Point-in-time
Goodwill, net	`Goodwill`	$8.47M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$123.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$73.00K	USD	Point-in-time
Total assets	`Assets`	$17.63M	USD	Point-in-time
Total assets	`Assets`	$27.51M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$148.00K	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$199.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$972.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.25M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$995.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$995.00K	USD	Point-in-time
Purchase price and contingent consideration payable, current portion	`BusinessCombinationDeferredConsiderationAndContingentConsiderationLiabilityNoncurrent`	$250.00K	USD	Point-in-time
Purchase price and contingent consideration payable, current portion	`BusinessCombinationDeferredConsiderationAndContingentConsiderationLiabilityNoncurrent`	-	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.10M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$1.94M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$2.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.79M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$241.00K	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$390.00K	USD	Point-in-time
Warrant liabilities	`WarrantLiabilityNoncurrent`	$174.00K	USD	Point-in-time
Warrant liabilities	`WarrantLiabilityNoncurrent`	$749.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$646.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$572.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$7.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.17M	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $0.001 par value; 50,000,000 shares authorized; 10,417,609 shares issued and outstanding at September 30, 2023 and September 30, 2022	`CommonStockValue`	$10.00K	USD	Point-in-time
Common stock - $0.001 par value; 50,000,000 shares authorized; 10,417,609 shares issued and outstanding at September 30, 2023 and September 30, 2022	`CommonStockValue`	$10.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$101.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$100.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-80.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-89.58M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-248.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-220.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$11.46M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$17.58M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$20.35M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$17.63M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$27.51M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.88M	USD	Annual
Net Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$16.82M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$5.01M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$5.12M	USD	Annual
Gross profit	`GrossProfit`	$11.70M	USD	Annual
Gross profit	`GrossProfit`	$10.87M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$5.23M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$4.76M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.17M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.39M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$3.68M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$3.22M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.53M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.60M	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	$7.52M	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	Annual
Restructuring and acquisition related expenses	`RestructuringAndAcquisitionRelatedExpenses`	$132.00K	USD	Annual
Restructuring and acquisition related expenses	`RestructuringAndAcquisitionRelatedExpenses`	$164.00K	USD	Annual
Total operating expenses	`OperatingExpenses`	$20.79M	USD	Annual
Total operating expenses	`OperatingExpenses`	$13.60M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-9.91M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.90M	USD	Annual
Interest (income) expense and other, net	`InterestIncomeExpenseAndOther`	$-189.00K	USD	Annual
Interest (income) expense and other, net	`InterestIncomeExpenseAndOther`	$417.00K	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-3.65M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-575.00K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.53M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.17M	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-94.00K	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$30.00K	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-9.44M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$2.15M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.91	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.21	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.91	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.23M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.42M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.42M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.37M	shares	Annual

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-9.44M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$2.15M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.38M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.49M	USD	Annual
Depreciation and other amortization	`DepreciationNonproduction`	$121.00K	USD	Annual
Depreciation and other amortization	`DepreciationNonproduction`	$177.00K	USD	Annual
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-631.00K	USD	Annual
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	-	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-3.65M	USD	Annual
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-575.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$478.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$571.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-63.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-45.00K	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	$7.52M	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-184.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-159.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$39.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$20.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-33.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$87.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$264.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$194.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-223.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$71.00K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-37.00K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$9.71M	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-2.28M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-134.00K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$277.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$117.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.00K	USD	Annual
Software development capitalization costs	`PaymentsToDevelopSoftware`	$78.00K	USD	Annual
Software development capitalization costs	`PaymentsToDevelopSoftware`	-	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-195.00K	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.00K	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$611.00K	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$399.00K	USD	Annual
Payments of contingent consideration and deferred cash payable	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$250.00K	USD	Annual
Payments of contingent consideration and deferred cash payable	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$4.89M	USD	Annual
Proceeds from stock option and warrant exercises	`ProceedsFromOptionAndWarrantExercises`	-	USD	Annual
Proceeds from stock option and warrant exercises	`ProceedsFromOptionAndWarrantExercises`	$19.00K	USD	Annual
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-649.00K	USD	Annual
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.48M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-184.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-82.00K	USD	Annual
Net (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.00M	USD	Annual
Net (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-479.00K	USD	Annual
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.38M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.86M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.85M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.38M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.86M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$8.85M	USD	Point-in-time
Interest	`InterestPaidNet`	$38.00K	USD	Annual
Interest	`InterestPaidNet`	$51.00K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$31.00K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$50.00K	USD	Annual
Right-of-use asset obtained in exchange for new operating lease liability	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	Annual
Right-of-use asset obtained in exchange for new operating lease liability	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$282.00K	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$11.46M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.35M	USD	Point-in-time
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$571.00K	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$478.00K	USD	Annual
Issuance of common stock stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$19.00K	USD	Annual
Issuance of common stock warrants exercised	`StockIssuedDuringPeriodValueWarrantsExercised`	-	USD	Annual
Issuance of restricted common stock	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-9.44M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$2.15M	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$133.00K	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-28.00K	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$571.00K	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$478.00K	USD	Annual
Balance	`StockholdersEquity`	$11.46M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.35M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-9.44M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$2.15M	USD	Annual
Net change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$133.00K	USD	Annual
Net change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-28.00K	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-9.46M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$2.28M	USD	Annual

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