$FALC
FALCONSTOR SOFTWARE INC Stock $falc

$falc Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000092252117000012 Filed on May 05, 2017

Income Statement

Concept	2017 Q1	2016 Q1
Revenue	$6.039M	$7.432M
YoY Change	-18.75%	-62.73%
Cost Of Revenue	$1.453M	$2.006M
YoY Change	-27.6%	-16.75%
Gross Profit	$4.586M	$5.426M
YoY Change	-15.47%	-69.05%
Gross Profit Margin	75.95%	73.0%
Selling, General & Admin	$3.672M	$5.975M
YoY Change	-38.54%	-23.38%
% of Gross Profit	80.06%	110.12%
Research & Development	$2.295M	$3.657M
YoY Change	-37.24%	14.07%
% of Gross Profit	50.04%	67.4%
Depreciation & Amortization	$316.2K	$396.9K
YoY Change	-20.32%	-26.2%
% of Gross Profit	6.9%	7.31%
Operating Expenses	$5.731M	$9.715M
YoY Change	-41.02%	-12.91%
Operating Profit	-$1.144M	-$4.290M
YoY Change	-73.33%	-167.3%
Interest Expense	$150.0K	$120.0K
YoY Change	25.0%	-126.09%
% of Operating Profit
Other Income/Expense, Net	$154.9K	$118.2K
YoY Change	31.09%	-125.47%
Pretax Income	-$989.2K	-$4.171M
YoY Change	-76.29%	-170.58%
Income Tax	$122.9K	$125.1K
% Of Pretax Income
Net Earnings	-$1.112M	-$4.297M
YoY Change	-74.11%	-181.65%
Net Earnings / Revenue	-18.42%	-57.81%
Basic Earnings Per Share	-$0.03	-$0.11
Diluted Earnings Per Share	-$0.03	-$0.11
COMMON SHARES
Basic Shares Outstanding	44.09M shares	41.88M shares
Diluted Shares Outstanding	44.09M shares	41.88M shares

Balance Sheet

Concept	2017 Q1	2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.400M	$11.40M
YoY Change	-70.18%	-45.71%
Cash & Equivalents	$3.432M	$8.333M
Short-Term Investments		$3.100M
Other Short-Term Assets	$1.200M	$1.700M
YoY Change	-29.41%	-26.09%
Inventory	$6.181K	$30.03K
Prepaid Expenses
Receivables	$3.525M	$5.202M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$8.200M	$18.38M
YoY Change	-55.38%	-38.53%
LONG-TERM ASSETS
Property, Plant & Equipment	$989.7K	$1.456M
YoY Change	-32.04%	-24.78%
Goodwill	$4.150M	$4.150M
YoY Change	0.0%	0.0%
Intangibles	$208.9K	$235.3K
YoY Change	-11.26%	7.36%
Long-Term Investments
YoY Change
Other Assets	$1.026M	$1.031M
YoY Change	-0.4%	-23.79%
Total Long-Term Assets	$7.414M	$7.856M
YoY Change	-5.62%	-13.27%
TOTAL ASSETS
Total Short-Term Assets	$8.200M	$18.38M
Total Long-Term Assets	$7.414M	$7.856M
Total Assets	$15.61M	$26.23M
YoY Change	-40.48%	-32.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$860.4K	$1.104M
YoY Change	-22.07%	-19.96%
Accrued Expenses	$3.652M	$5.790M
YoY Change	-36.93%	-24.81%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$20.32M	$23.73M
YoY Change	-14.37%	-13.48%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$1.160M	$895.2K
YoY Change	29.58%	21.06%
Total Long-Term Liabilities	$1.160M	$895.2K
YoY Change	29.58%	21.06%
TOTAL LIABILITIES
Total Short-Term Liabilities	$20.32M	$23.73M
Total Long-Term Liabilities	$1.160M	$895.2K
Total Liabilities	$29.38M	$33.65M
YoY Change	-12.69%	-8.4%
SHAREHOLDERS EQUITY
Retained Earnings	-$133.1M	-$125.3M
YoY Change	6.24%	10.1%
Common Stock	$59.68K	$57.81K
YoY Change	3.25%	2.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$57.03M	$57.03M
YoY Change	0.0%	0.24%
Treasury Stock Shares	15.53M shares	15.53M shares
Shareholders Equity	-$22.77M	-$15.40M
YoY Change
Total Liabilities & Shareholders Equity	$15.61M	$26.23M
YoY Change	-40.48%	-32.66%

Cashflow Statement

Concept	2017 Q1	2016 Q1
OPERATING ACTIVITIES
Net Income	-$1.112M	-$4.297M
YoY Change	-74.11%	-181.65%
Depreciation, Depletion And Amortization	$316.2K	$396.9K
YoY Change	-20.32%	-26.2%
Cash From Operating Activities	$133.6K	-$1.996M
YoY Change	-106.69%	645.11%
INVESTING ACTIVITIES
Capital Expenditures	$44.12K	$102.3K
YoY Change	-56.85%	-40.78%
Acquisitions
YoY Change
Other Investing Activities	-$20.00K	$4.410M
YoY Change	-100.45%	-22150.0%
Cash From Investing Activities	-$108.0K	$4.282M
YoY Change	-102.52%	-1690.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$9.308K	$0.00
YoY Change		-100.0%
NET CHANGE
Cash From Operating Activities	$133.6K	-$1.996M
Cash From Investing Activities	-$108.0K	$4.282M
Cash From Financing Activities	-$9.308K	$0.00
Net Change In Cash	$16.34K	$2.286M
YoY Change	-99.28%	-551.97%
FREE CASH FLOW
Cash From Operating Activities	$133.6K	-$1.996M
Capital Expenditures	$44.12K	$102.3K
Free Cash Flow	$89.50K	-$2.099M
YoY Change	-104.26%	376.28%

Facts In Submission

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CY2017Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
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CY2017Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q1	dei	Document Period End Date DocumentPeriodEndDate	2017-03-31
CY2017Q1	dei	Document Type DocumentType	10-Q
CY2017Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000922521
CY2017Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	44399581	shares
CY2017Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2017Q1	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2015Q4	dei	Entity Number Of Employees EntityNumberOfEmployees	226
CY2016Q4	dei	Entity Number Of Employees EntityNumberOfEmployees	166
CY2017Q1	dei	Entity Number Of Employees EntityNumberOfEmployees	165
CY2017Q1	dei	Entity Registrant Name EntityRegistrantName	FALCONSTOR SOFTWARE INC
CY2017Q1	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
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CY2016Q1	falc	Comprehensive Income Loss Netof Tax Attributable To Common Stockholders ComprehensiveIncomeLossNetofTaxAttributableToCommonStockholders	-4873089	USD
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CY2016Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-73970	USD
CY2017Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-289341	USD
CY2016Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-40505	USD
CY2017Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	0	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-32679	USD
CY2017Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	23484	USD
CY2016Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-260358	USD
CY2017Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-12379	USD
CY2016Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Preferred Stock IncrementalCommonSharesAttributableToConversionOfPreferredStock	0	shares
CY2017Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Preferred Stock IncrementalCommonSharesAttributableToConversionOfPreferredStock	0	shares
CY2016Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2017Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	209456	USD
CY2017Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	208851	USD
CY2016Q1	us-gaap	Interest Paid InterestPaid	0	USD
CY2017Q1	us-gaap	Interest Paid InterestPaid	0	USD
CY2016Q4	us-gaap	Inventory Net InventoryNet	6181	USD
CY2017Q1	us-gaap	Inventory Net InventoryNet	6181	USD
CY2016Q4	us-gaap	Liabilities Liabilities	29983322	USD
CY2017Q1	us-gaap	Liabilities Liabilities	29383121	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	17280745	USD
CY2017Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	15614349	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	20127010	USD
CY2017Q1	us-gaap	Liabilities Current LiabilitiesCurrent	20321474	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	0	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-9308	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	4282064	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-107969	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1996339	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	133620	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	-4296612	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	-1112197	USD
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-4652889	USD
CY2017Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1316772	USD
CY2016Q4	us-gaap	Noncurrent Assets NoncurrentAssets	7633979	USD
CY2017Q1	us-gaap	Noncurrent Assets NoncurrentAssets	7414046	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	9715486	USD
CY2017Q1	us-gaap	Operating Expenses OperatingExpenses	5730654	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-4289648	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1144170	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	5908500	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	1171426	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	491020	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	1444247	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	1402181	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	1399626	USD
CY2017Q1	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	0	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	973949	USD
CY2017Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1026401	USD
CY2016Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-227415	USD
CY2017Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-185529	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-220200	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-185529	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-3176	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	0	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	4039	USD
CY2017Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	0	USD
CY2017Q1	us-gaap	Temporary Equity Accounting Treatment TemporaryEquityAccountingTreatment	The Company has classified the Series A redeemable convertible preferred stock as temporary equity in the financial statements as it is subject to redemption at the option of the holder under certain circumstances.
CY2017Q1	us-gaap	Stockholders Equity StockholdersEquity	-22768772	USD
CY2016Q1	us-gaap	Temporary Equity Accretion To Redemption Value Adjustment TemporaryEquityAccretionToRedemptionValueAdjustment	163669	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1170844	USD
CY2017Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1159992	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	118183	USD
CY2017Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	154921	USD
CY2016Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	0	USD
CY2017Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	9308	USD
CY2016Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	20679	USD
CY2017Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	40310	USD
CY2016Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	150000	USD
CY2017Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	0	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	102266	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	44123	USD
CY2017Q1	us-gaap	Preferred Stock Dividend Payment Rate Variable PreferredStockDividendPaymentRateVariable	holder of the Series A redeemable convertible preferred stock is entitled to receive quarterly dividends at the Prime Rate (Wall Street Journal Eastern Edition) plus 5% (up to a maximum amount of 10%)
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1245085	USD
CY2017Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1237323	USD
CY2016Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	4477000	USD
CY2017Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	0	USD
CY2016Q1	us-gaap	Professional And Contract Services Expense ProfessionalAndContractServicesExpense	700324	USD
CY2017Q1	us-gaap	Professional And Contract Services Expense ProfessionalAndContractServicesExpense	48262	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	19755489	USD
CY2017Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	19215321	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1174942	USD
CY2017Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	989719	USD
CY2016Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-4762	USD
CY2017Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	29651	USD
CY2016Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	3656777	USD
CY2017Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2294863	USD
CY2016Q1	us-gaap	Restructuring Charges RestructuringCharges	83984	USD
CY2017Q1	us-gaap	Restructuring Charges RestructuringCharges	-236302	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-131982685	USD
CY2017Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-133094882	USD
CY2016Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	2280858	USD
CY2017Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	1921052	USD
CY2016Q1	us-gaap	Sales Revenue Net SalesRevenueNet	7432331	USD
CY2017Q1	us-gaap	Sales Revenue Net SalesRevenueNet	6039115	USD
CY2016Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	5151473	USD
CY2017Q1	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	4118063	USD
CY2016Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	4268800	USD
CY2017Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	2050542	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	290286	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	397152	USD
CY2013Q3	us-gaap	Share Price SharePrice	1.23
CY2015Q2	us-gaap	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased	5000000	shares
CY2017Q1	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	4907839	shares
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	-21702577	USD
CY2017Q1	us-gaap	Temporary Equity Accretion To Redemption Value Adjustment TemporaryEquityAccretionToRedemptionValueAdjustment	0	USD
CY2016Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	9000000	USD
CY2017Q1	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	9000000	USD
CY2016Q4	us-gaap	Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests	9000000	USD
CY2017Q1	us-gaap	Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests	9000000	USD
CY2016Q1	us-gaap	Temporary Equity Dividends Adjustment TemporaryEquityDividendsAdjustment	192608	USD
CY2017Q1	us-gaap	Temporary Equity Dividends Adjustment TemporaryEquityDividendsAdjustment	204575	USD
CY2016Q4	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	0.001
CY2017Q1	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	0.001
CY2016Q4	us-gaap	Temporary Equity Shares Authorized TemporaryEquitySharesAuthorized	2000000	shares
CY2017Q1	us-gaap	Temporary Equity Shares Authorized TemporaryEquitySharesAuthorized	2000000	shares
CY2016Q4	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	900000	shares
CY2017Q1	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	900000	shares
CY2016Q4	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	900000	shares
CY2017Q1	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	900000	shares
CY2016Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	15528070	shares
CY2017Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	15528070	shares
CY2016Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	0	shares
CY2017Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	0	shares
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	57032917	USD
CY2017Q1	us-gaap	Treasury Stock Value TreasuryStockValue	57032917	USD
CY2016Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	217461	USD
CY2017Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	217461	USD
CY2016Q4	us-gaap	Unrecognized Tax Benefits Interest On Income Taxes Accrued UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued	111278	USD
CY2017Q1	us-gaap	Unrecognized Tax Benefits Interest On Income Taxes Accrued UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued	115787	USD
CY2017Q1	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	333248	USD
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	41882232	shares
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	44088352	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	41882232	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	44088352	shares
CY2017Q1	falc	Schedule Of Equity Awards Outstanding ScheduleOfEquityAwardsOutstanding	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the Company’s equity plans that have expired but that still have equity awards outstanding as of </font><font style="font-family:inherit;font-size:10pt;">March 31, 2017</font><font style="font-family:inherit;font-size:10pt;">: </font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:65%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:16%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Name of Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares Available for Grant</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Shares Outstanding</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FalconStor Software, Inc., 2006 Incentive Stock Plan</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,755,415</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FalconStor Software, Inc., 2013 Outside Directors Equity Compensation Plan</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20,200</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FalconStor Software, Inc., 2007 Outside Directors Equity Compensation Plan</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,000</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FalconStor Software, Inc., 2000 Stock Option Plan</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">—</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">147,500</font></div></td></tr></table></div></div></div>
CY2017Q1	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">The Company and Nature of Operations</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FalconStor Software, Inc., a Delaware Corporation (the "Company"), is a leading software-defined storage company offering a converged data services software platform that is hardware agnostic. The Company develops, manufactures and sells data migration, business continuity, disaster recovery, optimized backup and de-duplication solutions and provides the related maintenance, implementation and engineering services.</font></div></div>
CY2017Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s significant estimates include those related to revenue recognition, accounts receivable allowances, share-based payment compensation, valuation of derivatives, capitalizable software development costs, valuation of goodwill and other intangible assets and income taxes. Actual results could differ from those estimates.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The financial market volatility in many countries where the Company operates has impacted and may continue to impact the Company’s business. Such conditions could have a material impact on the Company’s significant accounting estimates discussed above.</font></div></div>

Files In Submission

Name	View Source	Status
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0000922521-17-000012.txt	Edgar Link	pending
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falc-20170331.xml	Edgar Link	completed
falc-20170331.xsd	Edgar Link	pending
falc-20170331_cal.xml	Edgar Link	unprocessable
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falc-20170331_pre.xml	Edgar Link	unprocessable
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$FALC
FALCONSTOR SOFTWARE INC Stock $falc

2017 Q1 Form 10-Q Financial Statement

#000092252117000012 Filed on May 05, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FALC FALCONSTOR SOFTWARE INC Stock $falc

2017 Q1 Form 10-Q Financial Statement

#000092252117000012 Filed on May 05, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FALC
FALCONSTOR SOFTWARE INC Stock $falc