2013 Q1 Form 10-Q Financial Statement
#000119312513060640 Filed on February 14, 2013
Income Statement
Concept | 2013 Q1 | 2012 Q4 | 2012 Q3 |
---|---|---|---|
Revenue | -$400.0K | $2.049M | $912.0K |
YoY Change | -127.78% | 4.7% | -52.94% |
Cost Of Revenue | -$280.0K | $927.0K | $376.0K |
YoY Change | -134.15% | 17.34% | -47.63% |
Gross Profit | -$120.0K | $1.122M | $536.0K |
YoY Change | -119.05% | -3.86% | -56.07% |
Gross Profit Margin | 54.76% | 58.77% | |
Selling, General & Admin | $1.830M | $4.124M | $3.406M |
YoY Change | -58.97% | -39.81% | 139.52% |
% of Gross Profit | 367.56% | 635.45% | |
Research & Development | $10.00K | $577.0K | $365.0K |
YoY Change | -98.28% | 34.19% | -24.59% |
% of Gross Profit | 51.43% | 68.1% | |
Depreciation & Amortization | $410.0K | $27.00K | $31.00K |
YoY Change | 310.0% | -40.0% | -41.51% |
% of Gross Profit | 2.41% | 5.78% | |
Operating Expenses | $1.850M | $4.701M | $3.771M |
YoY Change | -63.22% | -35.44% | 97.85% |
Operating Profit | -$1.970M | -$3.579M | -$3.235M |
YoY Change | -55.23% | -41.47% | 371.57% |
Interest Expense | $410.0K | -$550.0K | -$520.0K |
YoY Change | -102.82% | -69.61% | 26.83% |
% of Operating Profit | |||
Other Income/Expense, Net | -$602.0K | -$520.0K | |
YoY Change | -17.65% | 112.24% | |
Pretax Income | -$1.840M | -$4.181M | -$3.755M |
YoY Change | -91.67% | -38.93% | 303.33% |
Income Tax | $70.00K | $33.00K | $20.00K |
% Of Pretax Income | |||
Net Earnings | -$3.420M | -$4.214M | -$3.775M |
YoY Change | -84.55% | -38.73% | 305.48% |
Net Earnings / Revenue | -205.66% | -413.93% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$192.8K | -$236.5K | -$204.7K |
COMMON SHARES | |||
Basic Shares Outstanding | 92.16M shares | 88.50M shares | 85.95M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2013 Q1 | 2012 Q4 | 2012 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.100M | $1.600M | $3.100M |
YoY Change | -87.5% | -78.38% | 416.67% |
Cash & Equivalents | $1.149M | $1.641M | $3.137M |
Short-Term Investments | |||
Other Short-Term Assets | $900.0K | $900.0K | $300.0K |
YoY Change | 800.0% | 125.0% | -25.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.995M | $2.079M | $2.068M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $3.992M | $4.585M | $5.549M |
YoY Change | -60.51% | -52.73% | 91.34% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $148.0K | $201.0K | $317.0K |
YoY Change | -35.65% | -33.0% | 5.67% |
Goodwill | $3.588M | $4.537M | $4.537M |
YoY Change | -1.43% | ||
Intangibles | $4.757M | $4.976M | $5.151M |
YoY Change | 482.25% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $8.493M | $9.714M | $10.01M |
YoY Change | 81.2% | -3.82% | -1.91% |
TOTAL ASSETS | |||
Total Short-Term Assets | $3.992M | $4.585M | $5.549M |
Total Long-Term Assets | $8.493M | $9.714M | $10.01M |
Total Assets | $12.49M | $14.30M | $15.55M |
YoY Change | -15.62% | -27.78% | 18.73% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.783M | $3.795M | $4.054M |
YoY Change | 23.99% | 30.86% | 9.57% |
Accrued Expenses | $1.400M | $1.500M | $1.700M |
YoY Change | -17.65% | 7.14% | 6.25% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $3.777M | $2.826M | $2.543M |
YoY Change | 4936.0% | 1313.0% | 182.56% |
Total Short-Term Liabilities | $9.655M | $8.779M | $9.429M |
YoY Change | 60.38% | -57.18% | 29.16% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.252M | $1.750M | $1.564M |
YoY Change | -59.31% | -69.3% | -66.0% |
Other Long-Term Liabilities | $500.0K | ||
YoY Change | -95.45% | ||
Total Long-Term Liabilities | $1.252M | $1.750M | $1.564M |
YoY Change | -59.31% | -89.52% | -66.0% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $9.655M | $8.779M | $9.429M |
Total Long-Term Liabilities | $1.252M | $1.750M | $1.564M |
Total Liabilities | $11.75M | $11.33M | $11.75M |
YoY Change | 29.14% | -69.62% | -1.25% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$141.6M | -$138.2M | -$134.0M |
YoY Change | 11.11% | ||
Common Stock | $7.000K | $7.000K | $7.000K |
YoY Change | 0.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $71.00K | $71.00K | $71.00K |
YoY Change | 0.0% | ||
Treasury Stock Shares | 754.6K shares | 3.773M shares | 3.773M shares |
Shareholders Equity | $737.0K | $2.968M | $3.803M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $12.49M | $14.30M | $15.55M |
YoY Change | -15.62% | -27.78% | 18.73% |
Cashflow Statement
Concept | 2013 Q1 | 2012 Q4 | 2012 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$3.420M | -$4.214M | -$3.775M |
YoY Change | -84.55% | -38.73% | 305.48% |
Depreciation, Depletion And Amortization | $410.0K | $27.00K | $31.00K |
YoY Change | 310.0% | -40.0% | -41.51% |
Cash From Operating Activities | -$1.010M | -$2.570M | -$1.700M |
YoY Change | -24.63% | 1411.76% | 3300.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$10.00K | -$10.00K | |
YoY Change | 0.0% | -133.33% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | -$3.360M |
YoY Change | |||
Cash From Investing Activities | -$10.00K | $10.00K | -$3.370M |
YoY Change | 0.0% | -200.0% | -11333.33% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 550.0K | 1.000M | 0.000 |
YoY Change | -79.7% | -85.69% | |
NET CHANGE | |||
Cash From Operating Activities | -1.010M | -2.570M | -1.700M |
Cash From Investing Activities | -10.00K | 10.00K | -3.370M |
Cash From Financing Activities | 550.0K | 1.000M | 0.000 |
Net Change In Cash | -470.0K | -1.560M | -5.070M |
YoY Change | -134.56% | -122.91% | 25250.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.010M | -$2.570M | -$1.700M |
Capital Expenditures | -$10.00K | -$10.00K | |
Free Cash Flow | -$1.000M | -$1.690M | |
YoY Change | -24.81% | 2012.5% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2012Q2 | us-gaap |
Loss Contingency Settlement Agreement Consideration1
LossContingencySettlementAgreementConsideration1
|
23000 | |
CY2012Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2012Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
2000000 | shares |
CY2013Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
92160173 | shares |
CY2011Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
845000 | |
CY2012Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
120000 | |
CY2012Q1 | us-gaap |
Goodwill
Goodwill
|
3640000 | |
CY2012Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1978000 | |
CY2012Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
705000 | |
CY2012Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5699000 | |
CY2012Q1 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
1310000 | |
CY2012Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1155000 | |
CY2012Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2012Q1 | us-gaap |
Billed Contract Receivables
BilledContractReceivables
|
709000 | |
CY2012Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
582000 | |
CY2012Q1 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
0 | |
CY2012Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
3772999 | shares |
CY2012Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2012Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
14796000 | |
CY2012Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
100000 | shares |
CY2012Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
79733946 | shares |
CY2012Q1 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
452000 | |
CY2012Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
108000 | |
CY2012Q1 | us-gaap |
Liabilities
Liabilities
|
9097000 | |
CY2012Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
3051000 | |
CY2012Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
200000 | shares |
CY2012Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-127443000 | |
CY2012Q1 | us-gaap |
Assets
Assets
|
14796000 | |
CY2012Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1190000 | |
CY2012Q1 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
589000 | |
CY2012Q1 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
184000 | |
CY2012Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
71000 | |
CY2012Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
8799000 | |
CY2012Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
83506945 | shares |
CY2012Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
817000 | |
CY2012Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-194000 | |
CY2012Q1 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
484000 | |
CY2012Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
6020000 | |
CY2012Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
108000 | |
CY2012Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
7000 | |
CY2012Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2012Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2611000 | |
CY2012Q1 | us-gaap |
Assets Current
AssetsCurrent
|
10109000 | |
CY2012Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
100000 | shares |
CY2012Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
100000 | |
CY2012Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1748000 | |
CY2012Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
230000 | |
CY2012Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
75000 | |
CY2012Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
133300000 | |
CY2012Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
3077000 | |
CY2012Q1 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
1000000 | |
CY2012Q1 | mndl |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
3428000 | |
CY2012Q1 | mndl |
Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
|
2147000 | |
CY2012Q1 | mndl |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
0 | |
CY2012Q1 | mndl |
Fair Value Of Warrants On Exercise Date
FairValueOfWarrantsOnExerciseDate
|
473000 | |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7406000 | |
CY2012Q2 | us-gaap |
Goodwill
Goodwill
|
3640000 | |
CY2012Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5379000 | |
CY2012Q3 | us-gaap |
Business Acquisition Purchase Price Allocation Current Assets Receivables
BusinessAcquisitionPurchasePriceAllocationCurrentAssetsReceivables
|
567000 | |
CY2012Q3 | us-gaap |
Business Combination Step Acquisition Equity Interest In Acquiree Fair Value
BusinessCombinationStepAcquisitionEquityInterestInAcquireeFairValue
|
788000 | |
CY2012Q3 | us-gaap |
Business Acquisition Purchase Price Allocation Current Assets Prepaid Expense And Other Assets
BusinessAcquisitionPurchasePriceAllocationCurrentAssetsPrepaidExpenseAndOtherAssets
|
178000 | |
CY2012Q3 | us-gaap |
Business Acquisition Equity Interest Issued Or Issuable Value Assigned
BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned
|
750000 | |
CY2012Q3 | us-gaap |
Business Acquisition Purchase Price Allocation Goodwill Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillAmount
|
1037000 | |
CY2012Q3 | us-gaap |
Business Acquisition Purchase Price Allocation Current Liabilities
BusinessAcquisitionPurchasePriceAllocationCurrentLiabilities
|
1314000 | |
CY2012Q3 | us-gaap |
Business Acquisition Cost Of Acquired Entity Cash Paid
BusinessAcquisitionCostOfAcquiredEntityCashPaid
|
3750000 | |
CY2012Q3 | us-gaap |
Business Acquisition Cost Of Acquired Entity Purchase Price
BusinessAcquisitionCostOfAcquiredEntityPurchasePrice
|
4961000 | |
CY2012Q3 | us-gaap |
Business Acquisition Purchase Price Allocation Current Liabilities Long Term Debt
BusinessAcquisitionPurchasePriceAllocationCurrentLiabilitiesLongTermDebt
|
35000 | |
CY2012Q3 | mndl |
Business Acquisition Cash Acquired
BusinessAcquisitionCashAcquired
|
-59000 | |
CY2012Q3 | mndl |
Number Of Tranches
NumberOfTranches
|
2 | Tranche |
CY2012Q3 | us-gaap |
Goodwill
Goodwill
|
4537000 | |
CY2012Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3803000 | |
CY2012Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
258000 | |
CY2012Q4 | us-gaap |
Goodwill
Goodwill
|
4537000 | |
CY2012Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2022000 | |
CY2012Q4 | us-gaap |
Business Acquisition Share Price
BusinessAcquisitionSharePrice
|
0.80 | |
CY2012Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
651000 | |
CY2012Q4 | us-gaap |
Business Acquisition Contingent Consideration At Fair Value
BusinessAcquisitionContingentConsiderationAtFairValue
|
1000000 | |
CY2012Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
493000 | |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
0 | shares |
CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2968000 | |
CY2012Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
4824000 | |
CY2012Q4 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
1333000 | |
CY2012Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1000000 | |
CY2012Q4 | us-gaap |
Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
|
204000 | |
CY2012Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2012Q4 | us-gaap |
Billed Contract Receivables
BilledContractReceivables
|
1095000 | |
CY2012Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
442000 | |
CY2012Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
507000 | |
CY2012Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
198000 | |
CY2012Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
3772999 | shares |
CY2012Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
87433042 | shares |
CY2012Q4 | us-gaap |
Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
|
350000 | |
CY2012Q4 | us-gaap |
Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
|
350000 | |
CY2012Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
108000 | |
CY2012Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
2021000 | |
CY2012Q4 | us-gaap |
Liabilities
Liabilities
|
11331000 | |
CY2012Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
3795000 | |
CY2012Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
701000 | |
CY2012Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
200000 | shares |
CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-138185000 | |
CY2012Q4 | us-gaap |
Assets
Assets
|
14299000 | |
CY2012Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
2079000 | |
CY2012Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2012Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
466000 | |
CY2012Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
701000 | |
CY2012Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
201000 | |
CY2012Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
2826000 | |
CY2012Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
14299000 | |
CY2012Q4 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
1092000 | |
CY2012Q4 | us-gaap |
Leasehold Improvements Gross
LeaseholdImprovementsGross
|
183000 | |
CY2012Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
71000 | |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1641000 | |
CY2012Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
91206041 | shares |
CY2012Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
4976000 | |
CY2012Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-148000 | |
CY2012Q4 | us-gaap |
Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
|
10 | |
CY2012Q4 | us-gaap |
Business Acquisition Contingent Consideration At Fair Value Noncurrent
BusinessAcquisitionContingentConsiderationAtFairValueNoncurrent
|
802000 | |
CY2012Q4 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
506000 | |
CY2012Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
8779000 | |
CY2012Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
108000 | |
CY2012Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
7000 | |
CY2012Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2012Q4 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
607000 | |
CY2012Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2923000 | |
CY2012Q4 | us-gaap |
Assets Current
AssetsCurrent
|
4585000 | |
CY2012Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
100000 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
100000 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
100000 | |
CY2012Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
|
0.70 | |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
64000 | |
CY2012Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1821000 | |
CY2012Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
141265000 | |
CY2012Q4 | us-gaap |
Other Commitment
OtherCommitment
|
904000 | |
CY2012Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1750000 | |
CY2012Q4 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
1000000 | |
CY2012Q4 | mndl |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
7899000 | |
CY2012Q4 | mndl |
Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
|
684000 | |
CY2012Q4 | mndl |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
393000 | |
CY2012Q4 | mndl |
Class Of Warrant Or Right Term
ClassOfWarrantOrRightTerm
|
P5Y | |
CY2012Q4 | mndl |
Fair Value Of Warrants Issued
FairValueOfWarrantsIssued
|
251000 | |
CY2012Q4 | us-gaap |
Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
|
666668 | shares |
CY2012Q4 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
533000 | |
CY2012Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
1428571 | shares |
CY2012Q4 | us-gaap |
Equity Issuance Per Share Amount
EquityIssuancePerShareAmount
|
0.70 | |
CY2012Q4 | us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
357142 | shares |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
1079000 | ||
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-289000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-7271000 | ||
us-gaap |
Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
|
173000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
211000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-8487000 | ||
us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
14652000 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.21 | ||
us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
74000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
332000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-487000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-10000 | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
64000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
6561000 | ||
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-215000 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8764000 | ||
us-gaap |
Advertising Expense
AdvertisingExpense
|
7000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
80000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-783000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
93000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-8516000 | ||
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
660000 | ||
us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
10000 | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1578000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6989000 | ||
us-gaap |
Cost Of Revenue
CostOfRevenue
|
2057000 | ||
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-2438000 | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
11002000 | ||
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
70000 | ||
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
133000 | ||
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
40753 | shares | |
us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
172000 | ||
us-gaap |
Revenues
Revenues
|
5788000 | ||
us-gaap |
License Costs
LicenseCosts
|
1885000 | ||
us-gaap |
Revenues From External Customers
RevenuesFromExternalCustomers
|
5788000 | ||
us-gaap |
Depreciation
Depreciation
|
160000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
69000 | ||
us-gaap |
Gross Profit
GrossProfit
|
3731000 | ||
us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
11000 | ||
us-gaap |
Interest Paid
InterestPaid
|
1000 | ||
us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-9286000 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
41808000 | shares | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
686000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-8580000 | ||
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1246000 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-54000 | ||
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
7000000 | ||
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-1255000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
64000 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
69000 | ||
us-gaap |
Increase Decrease In Fair Value Of Unhedged Derivative Instruments
IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments
|
-76000 | ||
mndl |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentPeriodIncreaseDecrease
|
93000 | ||
mndl |
Business Acquisition Pro Forma Income Before Taxes
BusinessAcquisitionProFormaIncomeBeforeTaxes
|
-9223000 | ||
mndl |
Provision For Reduction Of Doubtful Accounts
ProvisionForReductionOfDoubtfulAccounts
|
29000 | ||
mndl |
Interest Accretion Expense
InterestAccretionExpense
|
488000 | ||
mndl |
Business Acquisitions Pro Forma Nonoperating Income Expense
BusinessAcquisitionsProFormaNonoperatingIncomeExpense
|
-1492000 | ||
mndl |
Business Acquisitions Pro Forma Income Tax Expense Benefit
BusinessAcquisitionsProFormaIncomeTaxExpenseBenefit
|
63000 | ||
mndl |
Business Acquisition Pro Forma Operating Income Loss
BusinessAcquisitionProFormaOperatingIncomeLoss
|
-7731000 | ||
mndl |
Business Acquisition Pro Forma Cost Of Goods Sold
BusinessAcquisitionProFormaCostOfGoodsSold
|
10537000 | ||
mndl |
Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
|
-0.22 | ||
mndl |
Business Acquisition Pro Forma Gross Profit
BusinessAcquisitionProFormaGrossProfit
|
4115000 | ||
mndl |
Gains Losses On Settlement And Conversion Of Debt
GainsLossesOnSettlementAndConversionOfDebt
|
1323000 | ||
mndl |
Business Acquisitions Pro Forma Operating Expenses
BusinessAcquisitionsProFormaOperatingExpenses
|
11846000 | ||
dei |
Trading Symbol
TradingSymbol
|
MNDL | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
MANDALAY DIGITAL GROUP, INC. | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-12-31 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000317788 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--03-31 | ||
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
15000 | ||
us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
59000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-9064000 | ||
us-gaap |
Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
|
311000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-435000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2000000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-10696000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
167000 | ||
us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
7167000 | ||
us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
-3416000 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.12 | ||
us-gaap |
Stock Issued1
StockIssued1
|
787000 | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Concentrations of Credit Risk</b></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Financial instruments which potentially subject us to concentration of credit risk consist principally of cash and cash equivalents, and accounts receivable. We have placed cash and cash equivalents with a single high credit-quality institution. Most of our sales are made directly to large national Mobile Phone Operators in the countries that we operate. We have a significant level of business and resulting significant accounts receivable balance with one operator and therefore have a high concentration of credit risk with that operator. We perform ongoing credit evaluations of our customers and maintain an allowance for potential credit losses. As of December 31, 2012, two major customer represented approximately 35.2% and 16% of our gross accounts receivable outstanding, and 0% of gross accounts receivable outstanding as of March 31, 2012. These customers accounted for 47.8% and 14.4% of our gross revenues during the three month period ended December 31, 2012; and both of these customers accounted for 0% in the period ended December 31, 2011. One other major customer 11.9% and 43% of revenues for the nine month periods ended December 31, 2012 and December 31, 2011, respectively.</font></p> </div> | ||
us-gaap |
Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
|
21000 | ||
us-gaap |
Restructuring Costs
RestructuringCosts
|
0 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
237000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5862000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3357000 | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
28000 | ||
us-gaap |
Revenue Recognition Software
RevenueRecognitionSoftware
|
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Revenue Recognition</b></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The Company’s revenues are derived primarily by licensing material and software in the form of products (Image Galleries, Wallpapers, video, WAP Site access, Mobile TV), developing and maintaining carrier platforms, mobile advertising, mobile billing and mobile games. License arrangements with the end user can be on a perpetual or subscription basis.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">A perpetual license gives an end user the right to use the product, image or game on the registered handset on a perpetual basis. A subscription license gives an end user the right to use the product, image or game on the registered handset for a limited period of time, ranging from a few days to as long as one month.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The Company distributes products through mobile telecommunications service providers (“carriers”). The carrier markets the product, images or games to end users, but the Company may also participate in the marketing efforts with the carrier and is at times required to do so. License fees for perpetual and subscription licenses are usually billed upon download of the product, image or game by the end user. In the case of subscription licenses, many subscriber agreements provide for automatic renewal until the subscriber opts-out, while others provide for opt-in renewal. In either case, subsequent billings for subscription licenses are generally billed monthly. The Company applies the provisions of FASB ASC 985-605, <i>Software Revenue Recognition</i>, to all transactions.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Revenues are recognized from the Company’s products, images and games when persuasive evidence of an arrangement exists, the product, image or game has been delivered, the fee is fixed or determinable, and the collection of the resulting receivable is probable. For both perpetual and subscription licenses, management considers a license agreement to be evidence of an arrangement with a carrier or aggregator and a “clickwrap” agreement to be evidence of an arrangement with an end user. For these licenses, the Company defines delivery as the download of the product, image or game by the end user.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The Company estimates revenues from carriers in the current period when reasonable estimates of these amounts can be made. Most carriers only provide detailed sales transaction data on a one to two month lag. Estimated revenue is treated as unbilled receivables until the detailed reporting is received and the revenues can be billed. Some carriers provide reliable interim preliminary reporting and others report sales data within a reasonable time frame following the end of each month, both of which allow the Company to make reasonable estimates of revenues and therefore to recognize revenues during the reporting period when the end user licenses the product, image or game. Determination of the appropriate amount of revenue recognized involves judgments and estimates that the Company believes are reasonable, but it is possible that actual results may differ from the Company’s estimates. The Company’s estimates for revenues include consideration of factors such as preliminary sales data, carrier-specific historical sales trends, volume of activity on company monitored sites, seasonality, time elapsed from launch of services or product lines, the age of games and the expected impact of newly launched games, successful introduction of newer and more advanced handsets, promotions during the period and economic trends. When the Company receives the final carrier reports, to the extent not received within a reasonable time frame following the end of each month, the Company records any differences between estimated revenues and actual revenues in the reporting period when the Company determines the actual amounts. Revenues earned from certain carriers may not be reasonably estimated. If the Company is unable to reasonably estimate the amount of revenues to be recognized in the current period, the Company recognizes revenues upon the receipt of a carrier revenue report and when the Company’s portion of licensed revenues are fixed or determinable and collection is probable. To monitor the reliability of the Company’s estimates, management, where possible, reviews the revenues by country, by carrier and by product line on a regular basis to identify unusual trends such as differential adoption rates by carriers or the introduction of new handsets. If the Company deems a carrier not to be creditworthy, the Company defers all revenues from the arrangement until the Company receives payment and all other revenue recognition criteria have been met.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">In accordance with FASB ASC 605-45, <i>Reporting Revenue Gross as a Principal Versus Net as an Agent</i>, the Company recognizes as revenues the amount the carrier reports as payable upon the sale of the Company’s products, images or games. The Company has evaluated its carrier agreements and has determined that it is not the principal when selling its products, images or games through carriers. Key indicators that it evaluated to reach this determination include:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"><font size="1"> </font></td> <td valign="top" width="3%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">wireless subscribers directly contract with the carriers, which have most of the service interaction and are generally viewed as the primary obligor by the subscribers;</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"><font size="1"> </font></td> <td valign="top" width="3%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">carriers generally have significant control over the types of content that they offer to their subscribers;</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"><font size="1"> </font></td> <td valign="top" width="3%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">carriers are directly responsible for billing and collecting fees from their subscribers, including the resolution of billing disputes;</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"><font size="1"> </font></td> <td valign="top" width="3%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">carriers generally pay the Company a fixed percentage of their revenues or a fixed fee for each game;</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"><font size="1"> </font></td> <td valign="top" width="3%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">carriers generally must approve the price of the Company’s content in advance of their sale to subscribers, and the Company’s more significant carriers generally have the ability to set the ultimate price charged to their subscribers;</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="9%"><font size="1"> </font></td> <td valign="top" width="3%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">•</font></td> <td valign="top" width="1%"><font size="1"> </font></td> <td valign="top" align="left"> <p align="left"><font style="FONT-FAMILY: Times New Roman" size="2">the Company has limited risks, including no inventory risk and limited credit risk.</font></p> </td> </tr> </table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">For direct to consumer business, revenue is earned by delivering a product or service directly to the end user of that product or service. In those cases, the Company records as revenue the amount billed to that end user and recognizes the revenue when persuasive evidence of an arrangement exists, the product, image or game has been delivered, the fee is fixed or determinable, and the collection of the resulting receivable is probable. Substantially all of our discontinued operations represents direct to consumer business.</font></p> </div> | ||
us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
44000 | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | Segment | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-7158000 | ||
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-75000 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
9386000 | ||
us-gaap |
Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
|
4489000 | ||
us-gaap |
Advertising Expense
AdvertisingExpense
|
143000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
34000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
322000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
46000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-10676000 | ||
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
647000 | ||
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%"><font size="1"> </font></td> <td width="4%" valign="top" align="left"><font style="font-family:Times New Roman" size="2"><b>1.</b></font></td> <td align="left" valign="top"><font style="font-family:Times New Roman" size="2"><b>Organization</b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">Mandalay Digital Group, Inc. (“we”, “us”, “our”, the “Company” or “Mandalay Digital”), formerly NeuMedia, Inc. (“NeuMedia”), formerly Mandalay Media, Inc. (“Mandalay Media”) and formerly Mediavest, Inc. (“Mediavest”), was originally incorporated in the state of Delaware on November 6, 1998 under the name eB2B Commerce, Inc. On April 27, 2000, it merged into DynamicWeb Enterprises Inc., a New Jersey corporation, the surviving company, and changed its name to eB2B Commerce, Inc. On April 13, 2005, the Company changed its name to Mediavest, Inc. Through January 26, 2005, the Company and its former subsidiaries were engaged in providing business-to-business transaction management services designed to simplify trading between buyers and suppliers. The Company was inactive from January 26, 2005 until its merger with Twistbox Entertainment, Inc. on February 12, 2008. On September 14, 2007, Mediavest was re-incorporated in the state of Delaware as Mandalay Media, Inc. On May 11, 2010, the Company merged with a wholly-owned, newly formed subsidiary, changing its name to NeuMedia, Inc. On February 6, 2012, the Company merged with a wholly-owned, newly formed subsidiary, changing its name to Mandalay Digital Group, Inc.</font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">Twistbox is a global publisher and distributor of branded entertainment content and services primarily focused on enabling the development, distribution and billing of content across mobile networks. Twistbox publishes and distributes its content in a number of countries. Since operations began in 2003, Twistbox has developed an intellectual property portfolio that includes mobile rights to global brands. Twistbox has built a proprietary mobile publishing platform that includes: tools that automate device management for the distribution and billing of images and video; a mobile games development and distribution platform that automates the porting of mobile games and applications to multiple handsets; and a content standards and ratings system globally adopted by major wireless carriers to assist with the responsible deployment of age-verified content. Twistbox has distribution and service agreements with some of the largest mobile operators in the world.</font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">Twistbox is headquartered in the Los Angeles area and has offices in Europe that provide local support for both mobile operators and third party distribution in their respective regions.</font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">On October 23, 2008, the Company completed an acquisition of 100% of the issued and outstanding share capital of AMV Holding Limited, a United Kingdom private limited company (“AMV”), and 80% of the issued and outstanding share capital of Fierce Media Ltd (“Fierce”).</font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">AMV marketed branded services through a unique Customer Relationship Management platform that drove revenue through mobile internet, print and TV advertising. AMV was headquartered in Marlow, outside of London in the United Kingdom.</font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">On May 10, 2010, an administrator was appointed over AMV Holding Limited in the UK, at the request of the Company’s senior debt holder. As from that date, AMV and its subsidiaries were considered to be a discontinued operation. AMV and its subsidiaries were subsequently disposed.</font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">On May 11, 2010, Mandalay Media merged into its wholly-owned, newly formed subsidiary, NeuMedia Inc. (“NeuMedia”), with NeuMedia as the surviving corporation. NeuMedia issued: (1) one new share of common stock in exchange for each share of Mandalay Media’s outstanding common stock and (2) one new share of preferred stock in exchange for each share of Mandalay Media’s outstanding preferred stock as of May 11, 2010. NeuMedia’s preferred and common stock had the same status and par value as the respective stock of Mandalay Media and NeuMedia acceded to all the rights, acquired all the assets and assumed all of the liabilities of Mandalay Media.</font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">On June 21, 2010, the Company signed and closed an agreement whereby ValueAct and the AMV Founders, acting through a newly formed company, acquired the operating subsidiaries of AMV (the “Assets”) in exchange for the release of $23,231 of secured indebtedness, comprising a release of all amounts due and payable under the AMV Note and all of the amounts due and payable under the ValueAct Note (as defined below) except for $3,500 in principal. The Company retained all assets and liabilities of Twistbox and the Company.</font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">On December 28, 2011, the Company issued 50,000 shares of the Company’s common stock as part of the consideration for in exchange for the assets of Digital Turbine Group, LLC, the developer of Digital Turbine (“DT”), a technology platform that allows media companies, mobile carriers, and their OEM handset partners to take advantage of multiple mobile operating systems across multiple networks, and offers solutions that allow them to maintain their own branding and personalized, one-to-one relationships with each end-user. DT’s cross-platform user interface and multimedia management system for carriers and OEMs can be integrated with different operating systems to provide a more organized and unified experience for end-users of mobile content across search, social media, discovery, billing, and delivery. Other aspects of the platform, such as a smart content discovery toolbar, allows carriers and OEMs to control the data presented to their users while giving the end-user a more efficient way of finding and purchasing desired content.</font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">  </p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">On July 27, 2012, the Company set up a wholly-owned Israeli acquisition/holding company, M.D.G. Logia Holdings LTD (“MDG”).</font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">On August 15, 2012, the Company amended its charter with the state of Delaware to increase its total number of shares of common stock of the Company to 200,000,000 and preferred shares of the Company to 2,000,000.</font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">On September 13, 2012, the Company completed an acquisition of 100% of the issued and outstanding share capital of three operating subsidiaries of Logia Group Ltd (“Sellers”) (Logia Content Development and Management Ltd. (“Logia Content”), Volas Entertainment Ltd. (“Volas”) and Mail Bit Logia (2008) Ltd. (“Mail Bit”), (collectively, the “Targets”)). In addition, the Company, by assignment to the acquisition entity, M.D.G. Logia Holdings Ltd (“MDG”), acquired the assets of LogiaDeck Ltd (an affiliate of the Seller, “LogiaDeck”), comprised of the “LogiaDeck” software, which the Company has rebranded “Ignite”, and certain operator and other contracts related to the business of the Logia companies that were originally entered into by the Sellers. Pursuant to the Logia purchase agreement, Mandalay Digital Group, Inc. purchased 23% of the outstanding shares of the Targets and MDG purchased 77% of such shares. On November 7, 2012, Mandalay Digital Group, Inc. contributed all of its shares of the Targets to MDG pursuant to a Contribution Agreement among Mandalay Digital Group, Inc., Digital Turbine Group, Inc. and MDG. The acquired business of the Targets and Ignite are collectively referred to as “Logia” in this quarterly report.</font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">Logia is a mobile content development and management solutions provider of innovative mobile monetization solutions. It provides solutions for top-tier mobile operators and content providers, including device application management solutions, white label app and media stores, app-based value added services, and mobile social music and TV offerings.</font></p> </div> | ||
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1308000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2000000 | ||
us-gaap |
Cost Of Revenue
CostOfRevenue
|
1975000 | ||
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-1490000 | ||
us-gaap |
Preferred Stock Contract Terms
PreferredStockContractTerms
|
The Series A holders are entitled to (1) vote on an equal per share basis as common stock, (2) dividends paid to the common stock holders on an as if-converted basis and (3) a liquidation preference equal to the greater of $10 per share of Series A (subject to adjustment) or such amount that would have been paid to the common stock holders on an as if-converted basis. | ||
us-gaap |
Operating Expenses
OperatingExpenses
|
11341000 | ||
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-155000 | ||
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
155000 | ||
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
26591 | shares | |
us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
|||
us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
1018000 | ||
us-gaap |
Revenues
Revenues
|
4252000 | ||
us-gaap |
License Costs
LicenseCosts
|
957000 | ||
us-gaap |
Revenues From External Customers
RevenuesFromExternalCustomers
|
4252000 | ||
us-gaap |
Depreciation
Depreciation
|
83000 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
630000 | ||
us-gaap |
Gross Profit
GrossProfit
|
2277000 | ||
us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-10253000 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
86917000 | shares | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1070000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-10742000 | ||
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1612000 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-52000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
66000 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
61000 | ||
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
|||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Use of Estimates</b></font></p> <p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent asset and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. The most significant estimates relate to revenues for periods not yet reported by Carriers, liabilities recorded for future minimum guarantee payments under content licenses, accounts receivable allowances, and stock-based compensation expense.</font></p> </div> | ||
us-gaap |
Increase Decrease In Fair Value Of Unhedged Derivative Instruments
IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments
|
-22000 | ||
mndl |
Compensation Expense Related Restricted Shares
CompensationExpenseRelatedRestrictedShares
|
4515000 | ||
mndl |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentPeriodIncreaseDecrease
|
46000 | ||
mndl |
Business Acquisition Pro Forma Income Before Taxes
BusinessAcquisitionProFormaIncomeBeforeTaxes
|
-10186000 | ||
mndl |
Supplemental Exercise Of Warrants To Purchase Common Stock
SupplementalExerciseOfWarrantsToPurchaseCommonStock
|
473000 | ||
mndl |
Interest Accretion Expense
InterestAccretionExpense
|
335000 | ||
mndl |
Business Acquisitions Pro Forma Nonoperating Income Expense
BusinessAcquisitionsProFormaNonoperatingIncomeExpense
|
-1634000 | ||
mndl |
Business Acquisitions Pro Forma Income Tax Expense Benefit
BusinessAcquisitionsProFormaIncomeTaxExpenseBenefit
|
67000 | ||
mndl |
Business Acquisition Pro Forma Operating Income Loss
BusinessAcquisitionProFormaOperatingIncomeLoss
|
-8552000 | ||
mndl |
Business Acquisition Pro Forma Cost Of Goods Sold
BusinessAcquisitionProFormaCostOfGoodsSold
|
3742000 | ||
CY2012 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9700000 | |
mndl |
Issuance Of Common Stock For Acquired Company Assets
IssuanceOfCommonStockForAcquiredCompanyAssets
|
533000 | ||
CY2012Q3 | us-gaap |
Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
|
937500 | shares |
mndl |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingDescription
|
(i) one third vested upon the completion our most recent equity financing; (ii) one third shall vest if on any date during the term or within 12 months following the term, our total enterprise value equals or exceeds $100,000; and (iii) one third shall vest immediately if on any date during the term or within 12 months following the term our total enterprise value equals or exceeds $200,000; | ||
mndl |
Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
|
-0.12 | ||
mndl |
Business Acquisition Pro Forma Gross Profit
BusinessAcquisitionProFormaGrossProfit
|
3425000 | ||
mndl |
Gains Losses On Settlement And Conversion Of Debt
GainsLossesOnSettlementAndConversionOfDebt
|
-4000 | ||
mndl |
Number Of Shares Granted Against Share Limits
NumberOfSharesGrantedAgainstShareLimits
|
500000 | shares | |
mndl |
Contingent Consideration For Acquisition
ContingentConsiderationForAcquisition
|
758000 | ||
mndl |
Business Acquisitions Pro Forma Operating Expenses
BusinessAcquisitionsProFormaOperatingExpenses
|
11977000 | ||
CY2012Q4 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
82000 | |
CY2012Q4 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
93000 | |
CY2012Q4 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-4165000 | |
CY2012 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
2319000 | |
CY2012 | us-gaap |
Indefinite Lived Intangible Assets Impairment Losses
IndefiniteLivedIntangibleAssetsImpairmentLosses
|
2319000 | |
CY2012 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
2969000 | |
CY2012 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
21000 | |
CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
134990 | shares |
CY2012 | mndl |
Stock Issued During Period Shares Share Warrants Exercised
StockIssuedDuringPeriodSharesShareWarrantsExercised
|
365010 | shares |
CY2012Q2 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
473000 | |
CY2012Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
31000 | |
CY2012Q2 | us-gaap |
Stock Issued During Period Value Issued For Cash
StockIssuedDuringPeriodValueIssuedForCash
|
1000000 | |
CY2012Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
929000 | |
CY2012Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2753000 | |
CY2012Q2 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
||
CY2011Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6115000 | |
CY2011Q4 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-6832000 | |
CY2011Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.16 | |
CY2011Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6648000 | |
CY2011Q4 | us-gaap |
Advertising Expense
AdvertisingExpense
|
1000 | |
CY2011Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-6846000 | |
CY2011Q4 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
204000 | |
CY2011Q4 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
430000 | |
CY2011Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
790000 | |
CY2011Q4 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-1693000 | |
CY2011Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
7282000 | |
CY2011Q4 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
41390 | shares |
CY2011Q4 | us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
57000 | |
CY2011Q4 | us-gaap |
Revenues
Revenues
|
1957000 | |
CY2011Q4 | us-gaap |
License Costs
LicenseCosts
|
733000 | |
CY2011Q4 | us-gaap |
Depreciation
Depreciation
|
45000 | |
CY2011Q4 | us-gaap |
Gross Profit
GrossProfit
|
1167000 | |
CY2011Q4 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
41966000 | shares |
CY2011Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6878000 | |
CY2011Q4 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-731000 | |
CY2011Q4 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-71000 | |
CY2011Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
32000 | |
CY2011Q4 | us-gaap |
Increase Decrease In Fair Value Of Unhedged Derivative Instruments
IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments
|
-49000 | |
CY2011Q4 | mndl |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentPeriodIncreaseDecrease
|
46000 | |
CY2011Q4 | mndl |
Gains Losses On Settlement And Conversion Of Debt
GainsLossesOnSettlementAndConversionOfDebt
|
1082000 | |
CY2012Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
23000 | |
CY2012Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-34000 | |
CY2012Q3 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
788000 | |
CY2012Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
1356000 | |
CY2012Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3775000 | |
CY2012Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
66000 | |
CY2012Q3 | mndl |
Goodwill Acquisitions
GoodwillAcquisitions
|
897000 | |
CY2012Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3579000 | |
CY2012Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.05 | |
CY2012Q4 | us-gaap |
Other Nonoperating Expense
OtherNonoperatingExpense
|
44000 | |
CY2012Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3795000 | |
CY2012Q4 | us-gaap |
Advertising Expense
AdvertisingExpense
|
143000 | |
CY2012Q4 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
49000 | |
CY2012Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-4181000 | |
CY2012Q4 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
329000 | |
CY2012Q4 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
577000 | |
CY2012Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
927000 | |
CY2012Q4 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-536000 | |
CY2012Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
4701000 | |
CY2012Q4 | us-gaap |
Stock Issued During Period Value Issued For Cash
StockIssuedDuringPeriodValueIssuedForCash
|
1000000 | |
CY2012Q4 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
25458 | shares |
CY2012Q4 | us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
737000 | |
CY2012Q4 | us-gaap |
Revenues
Revenues
|
2049000 | |
CY2012Q4 | us-gaap |
License Costs
LicenseCosts
|
190000 | |
CY2012Q4 | us-gaap |
Depreciation
Depreciation
|
27000 | |
CY2012Q4 | us-gaap |
Gross Profit
GrossProfit
|
1122000 | |
CY2012Q4 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
533000 | |
CY2012Q4 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
88987000 | shares |
CY2012Q4 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
1317000 | |
CY2012Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4214000 | |
CY2012Q4 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-602000 | |
CY2012Q4 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-18000 | |
CY2012Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
33000 | |
CY2012Q4 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
||
CY2012Q4 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
305000 | |
CY2012Q4 | mndl |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentPeriodIncreaseDecrease
|
49000 | |
CY2012Q4 | mndl |
Gains Losses On Settlement And Conversion Of Debt
GainsLossesOnSettlementAndConversionOfDebt
|
-4000 |