$EGAN
EGAIN Corp

2014 Q2 Form 10-Q Financial Statement

#000156459014002008 Filed on May 09, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2014 Q1 2013 Q2
Revenue $18.89M $18.03M $17.97M
YoY Change 5.12% 16.6% 68.88%
Cost Of Revenue $6.110M $5.982M $4.830M
YoY Change 26.5% 30.93% 23.21%
Gross Profit $12.78M $12.04M $13.14M
YoY Change -2.77% 10.59% 95.57%
Gross Profit Margin 67.65% 66.81% 73.14%
Selling, General & Admin $10.68M $10.06M $8.770M
YoY Change 21.78% 27.73% 23.0%
% of Gross Profit 83.58% 83.56% 66.73%
Research & Development $2.800M $2.668M $2.230M
YoY Change 25.56% 26.99% 26.7%
% of Gross Profit 21.91% 22.15% 16.97%
Depreciation & Amortization $570.0K $560.0K $310.0K
YoY Change 83.87% 51.35% 0.0%
% of Gross Profit 4.46% 4.65% 2.36%
Operating Expenses $13.48M $12.73M $10.99M
YoY Change 22.66% 27.58% 23.76%
Operating Profit -$705.0K -$688.0K $2.146M
YoY Change -132.85% -175.52% -199.35%
Interest Expense -$40.00K -$17.00K -$110.0K
YoY Change -63.64% -82.83% -15.38%
% of Operating Profit -5.13%
Other Income/Expense, Net -$60.00K -$77.00K $0.00
YoY Change -130.08% -100.0%
Pretax Income -$800.0K -$782.0K $2.040M
YoY Change -139.22% -173.22% -176.4%
Income Tax $220.0K $225.0K $140.0K
% Of Pretax Income 6.86%
Net Earnings -$1.018M -$1.007M $1.897M
YoY Change -153.66% -197.77% -164.74%
Net Earnings / Revenue -5.39% -5.59% 10.56%
Basic Earnings Per Share -$0.04 $0.08
Diluted Earnings Per Share -$42.54K -$0.04 $0.07
COMMON SHARES
Basic Shares Outstanding 25.45M 25.42M 25.03M shares
Diluted Shares Outstanding 25.42M

Balance Sheet

Concept 2014 Q2 2014 Q1 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.800M $7.800M $16.20M
YoY Change -45.68% -53.57% 63.64%
Cash & Equivalents $8.800M $7.769M $16.21M
Short-Term Investments
Other Short-Term Assets $2.200M $2.700M $4.200M
YoY Change -47.62% -32.5% 133.33%
Inventory
Prepaid Expenses
Receivables $11.20M $9.495M $12.31M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $22.20M $19.99M $32.66M
YoY Change -32.04% -35.59% 79.17%
LONG-TERM ASSETS
Property, Plant & Equipment $4.500M $4.308M $3.544M
YoY Change 26.98% 63.24% 54.42%
Goodwill $4.880M $4.880M $4.880M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $750.0K $738.0K $672.0K
YoY Change 11.61% -5.99% -24.83%
Total Long-Term Assets $10.45M $11.26M $10.87M
YoY Change -3.91% 11.97% 11.94%
TOTAL ASSETS
Total Short-Term Assets $22.20M $19.99M $32.66M
Total Long-Term Assets $10.45M $11.26M $10.87M
Total Assets $32.65M $31.25M $43.54M
YoY Change -25.01% -23.95% 55.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.162M $2.194M $2.583M
YoY Change -16.3% 19.96% 37.76%
Accrued Expenses $1.456M $1.300M $2.478M
YoY Change -41.24% -56.1% 59.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.800M $1.600M $5.600M
YoY Change -67.86% -69.81% 229.41%
Total Short-Term Liabilities $24.10M $24.48M $30.64M
YoY Change -21.35% -18.87% 99.36%
LONG-TERM LIABILITIES
Long-Term Debt $4.200M $1.400M $2.000M
YoY Change 110.0% -48.15% -72.22%
Other Long-Term Liabilities $1.300M $761.0K $848.0K
YoY Change 53.3% 159.73% 250.41%
Total Long-Term Liabilities $5.500M $761.0K $848.0K
YoY Change 548.58% 159.73% 250.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.10M $24.48M $30.64M
Total Long-Term Liabilities $5.500M $761.0K $848.0K
Total Liabilities $29.60M $27.55M $37.55M
YoY Change -21.17% -26.19% 56.25%
SHAREHOLDERS EQUITY
Retained Earnings -$325.6M -$321.3M
YoY Change 0.72% -0.21%
Common Stock $330.3M $328.6M
YoY Change 0.68% 0.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.000M $3.698M $5.988M
YoY Change
Total Liabilities & Shareholders Equity $32.60M $31.25M $43.54M
YoY Change -25.12% -23.95% 55.8%

Cashflow Statement

Concept 2014 Q2 2014 Q1 2013 Q2
OPERATING ACTIVITIES
Net Income -$1.018M -$1.007M $1.897M
YoY Change -153.66% -197.77% -164.74%
Depreciation, Depletion And Amortization $570.0K $560.0K $310.0K
YoY Change 83.87% 51.35% 0.0%
Cash From Operating Activities -$2.140M -$3.700M $1.000M
YoY Change -314.0% 311.11% -219.05%
INVESTING ACTIVITIES
Capital Expenditures -$180.0K -$430.0K -$1.280M
YoY Change -85.94% -24.56% 265.71%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$180.0K -$430.0K -$1.280M
YoY Change -85.94% -23.21% 276.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.340M -570.0K -220.0K
YoY Change -1618.18% 280.0% -4.35%
NET CHANGE
Cash From Operating Activities -2.140M -3.700M 1.000M
Cash From Investing Activities -180.0K -430.0K -1.280M
Cash From Financing Activities 3.340M -570.0K -220.0K
Net Change In Cash 1.020M -4.700M -500.0K
YoY Change -304.0% 191.93% -64.54%
FREE CASH FLOW
Cash From Operating Activities -$2.140M -$3.700M $1.000M
Capital Expenditures -$180.0K -$430.0K -$1.280M
Free Cash Flow -$1.960M -$3.270M $2.280M
YoY Change -185.96% 890.91% -565.31%

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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-117000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-50000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
305000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1246000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1425000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-4333000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
12613000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-112000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
39000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2515000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9025000
CY2014Q1 us-gaap Maintenance Revenue
MaintenanceRevenue
3569000
egan Maximum Amount Of Income Tax Benefits Percentage Realized Upon Ultimate Settlement
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0.50
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WarrantyPeriodMaximum
P1Y
CY2014Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
4321000
CY2013Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
10016000
CY2009Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1000000
CY2014Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2013Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2013Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q1 us-gaap Common Stock Value
CommonStockValue
25000
CY2013Q2 us-gaap Common Stock Value
CommonStockValue
25000
CY2014Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
330321000
CY2013Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
328552000
CY2014Q1 egan Notes Receivable From Stockholders
NotesReceivableFromStockholders
89000
CY2014Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25453000
CY2013Q1 egan Subscription And Support Revenue
SubscriptionAndSupportRevenue
8346000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
119000
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
3000000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
557000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
532000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4478000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-718000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
142000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-276000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-8437000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
6847000
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9911000
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16758000
us-gaap Interest Paid
InterestPaid
176000
us-gaap Interest Paid
InterestPaid
1864000
us-gaap Income Taxes Paid
IncomeTaxesPaid
231000
us-gaap Income Taxes Paid
IncomeTaxesPaid
228000
egan Non Cash Investing Activities Trade Accounts Payable
NonCashInvestingActivitiesTradeAccountsPayable
154000
egan Non Cash Investing Activities Trade Accounts Payable
NonCashInvestingActivitiesTradeAccountsPayable
85000
egan Non Cash Investing Activities Under Capital Lease
NonCashInvestingActivitiesUnderCapitalLease
482000
us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;"><font style="font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Deferred Revenue </font></p><p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Deferred revenue primarily consists of payments received in advance of revenue recognition from cloud, term license, and maintenance and support services and is recognized as the revenue recognition criteria are met. We generally invoice customers in annual or quarterly installments. The deferred revenue balance does not represent the total contract value of annual or multi-year, non-cancelable cloud or maintenance and support agreements. Deferred revenue is influenced by several factors, including seasonality, the compounding effects of renewals, invoice duration, invoice timing and new business linearity within the quarter. </font></p><p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;"><font style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Deferred revenue that will be recognized during the succeeding twelve month period is recorded as current deferred revenue and the remaining portion is recorded as noncurrent. </font></p></div>
egan Repurchase Of Common Stock Per Share
RepurchaseOfCommonStockPerShare
3.25
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.80
CY2014Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
26315000
CY2013Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
38601000
CY2014Q1 us-gaap Subscription Revenue
SubscriptionRevenue
7039000
CY2013Q1 us-gaap Subscription Revenue
SubscriptionRevenue
5200000
us-gaap Subscription Revenue
SubscriptionRevenue
19806000
us-gaap Subscription Revenue
SubscriptionRevenue
13429000
CY2013Q1 us-gaap Maintenance Revenue
MaintenanceRevenue
3146000
us-gaap Maintenance Revenue
MaintenanceRevenue
10514000
us-gaap Maintenance Revenue
MaintenanceRevenue
9897000
CY2014Q1 egan Percentage Of Sales In Respect Of Revenues Through Resellers
PercentageOfSalesInRespectOfRevenuesThroughResellers
0.06
CY2013Q1 egan Percentage Of Sales In Respect Of Revenues Through Resellers
PercentageOfSalesInRespectOfRevenuesThroughResellers
0.15
egan Percentage Of Sales In Respect Of Revenues Through Resellers
PercentageOfSalesInRespectOfRevenuesThroughResellers
0.08
egan Percentage Of Sales In Respect Of Revenues Through Resellers
PercentageOfSalesInRespectOfRevenuesThroughResellers
0.07
egan Customer Relationship Contractual Term Minimum
CustomerRelationshipContractualTermMinimum
P28M
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
470000
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
225000
CY2014Q1 egan Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant Granted In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantGrantedInPeriod
274650
CY2013Q1 egan Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant Granted In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantGrantedInPeriod
26550
egan Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant Granted In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantGrantedInPeriod
536500
egan Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant Granted In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrantGrantedInPeriod
183800
CY2014Q1 egan Repurchase Of Common Stock Per Share
RepurchaseOfCommonStockPerShare
5.08
CY2013Q1 egan Repurchase Of Common Stock Per Share
RepurchaseOfCommonStockPerShare
4.82
egan Repurchase Of Common Stock Per Share
RepurchaseOfCommonStockPerShare
6.09
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.85
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.80
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.88
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0160
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0083
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0152
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0071
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y6M
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y6M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y6M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y6M
CY2014Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
2855916
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y6M15D
CY2014Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
58899
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
347381
CY2013Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
222717
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
506786
CY2013Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1484000
CY2014Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2152759
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2191672
CY2013Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
132927
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2558048
CY2014Q1 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2013-07-31
CY2014Q1 us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0.08
CY2014Q1 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
CY2012Q1 us-gaap Debt Instrument Maturity Date
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2012-06-29
CY2012Q1 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
5600000
CY2012Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
109000
CY2012Q1 egan Notes Payable Maturity Period
NotesPayableMaturityPeriod
P90D
CY2012Q1 us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0.12
CY2012Q2 us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0.08
CY2012Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2013-07-31
CY2012Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
2800000
CY2012Q4 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
3000000
CY2014Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0
CY2013Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
56000
CY2013Q3 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
2900000
CY2011Q2 egan Required Frequency Of Principal Payments Term
RequiredFrequencyOfPrincipalPaymentsTerm
P36M

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egan-10q_20140331.htm Edgar Link pending
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