$FALC
FALCONSTOR SOFTWARE INC

2021 Q1 Form 10-Q Financial Statement

#000162828021009088 Filed on May 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $3.828M $3.180M
YoY Change 20.38% -29.22%
Cost Of Revenue $649.0K $547.4K
YoY Change 18.57% -14.93%
Gross Profit $3.179M $2.633M
YoY Change 20.76% -31.61%
Gross Profit Margin 83.05% 82.79%
Selling, General & Admin $2.235M $2.074M
YoY Change 7.72% -17.57%
% of Gross Profit 70.28% 78.79%
Research & Development $659.9K $674.9K
YoY Change -2.22% -28.76%
% of Gross Profit 20.76% 25.64%
Depreciation & Amortization $57.49K $33.56K
YoY Change 71.28% -73.75%
% of Gross Profit 1.81% 1.27%
Operating Expenses $3.197M $3.037M
YoY Change 5.27% -16.15%
Operating Profit -$17.44K -$403.9K
YoY Change -95.68% -277.24%
Interest Expense -$283.7K -$245.8K
YoY Change 15.38% -7.31%
% of Operating Profit
Other Income/Expense, Net -$283.6K -$245.8K
YoY Change 15.38% -7.31%
Pretax Income $452.9K -$649.8K
YoY Change -169.7% 1641.05%
Income Tax $44.62K $70.06K
% Of Pretax Income 9.85%
Net Earnings $408.3K -$719.8K
YoY Change -156.72% 476.3%
Net Earnings / Revenue 10.67% -22.64%
Basic Earnings Per Share -$0.01 -$0.17
Diluted Earnings Per Share -$0.01 -$0.17
COMMON SHARES
Basic Shares Outstanding 5.949M shares 5.920M shares
Diluted Shares Outstanding 5.949M shares 5.920M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.021M $976.1K
YoY Change 107.04% -58.78%
Cash & Equivalents $2.000M $976.1K
Short-Term Investments
Other Short-Term Assets $2.063M $2.127M
YoY Change -3.02% 22.23%
Inventory $15.06K $14.17K
Prepaid Expenses
Receivables $3.000M $1.758M
Other Receivables $0.00 $0.00
Total Short-Term Assets $7.433M $5.470M
YoY Change 35.9% -34.33%
LONG-TERM ASSETS
Property, Plant & Equipment $196.6K $321.7K
YoY Change -38.88% -20.78%
Goodwill $4.150M $4.150M
YoY Change 0.0% 0.0%
Intangibles $84.05K $84.25K
YoY Change -0.23% -9.52%
Long-Term Investments
YoY Change
Other Assets $862.5K $911.4K
YoY Change -5.37% -7.44%
Total Long-Term Assets $6.014M $7.494M
YoY Change -19.75% -17.7%
TOTAL ASSETS
Total Short-Term Assets $7.433M $5.470M
Total Long-Term Assets $6.014M $7.494M
Total Assets $13.45M $12.96M
YoY Change 3.73% -25.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $917.6K $868.3K
YoY Change 5.68% 82.13%
Accrued Expenses $2.375M $2.281M
YoY Change 4.11% -12.36%
Deferred Revenue
YoY Change
Short-Term Debt $3.397M $1.001M
YoY Change 239.21%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.08M $9.328M
YoY Change 18.74% -13.93%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $3.016M
YoY Change -100.0% 11.98%
Other Long-Term Liabilities $698.3K $768.9K
YoY Change -9.18% -7.47%
Total Long-Term Liabilities $698.3K $768.9K
YoY Change -9.18% -7.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.08M $9.328M
Total Long-Term Liabilities $698.3K $768.9K
Total Liabilities $14.60M $16.42M
YoY Change -11.09% -15.05%
SHAREHOLDERS EQUITY
Retained Earnings -$122.3M -$124.6M
YoY Change -1.83% 1.27%
Common Stock $5.949K $5.920K
YoY Change 0.49% -98.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$14.60M -$15.07M
YoY Change
Total Liabilities & Shareholders Equity $13.45M $12.96M
YoY Change 3.73% -25.65%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $408.3K -$719.8K
YoY Change -156.72% 476.3%
Depreciation, Depletion And Amortization $57.49K $33.56K
YoY Change 71.28% -73.75%
Cash From Operating Activities $137.7K -$398.3K
YoY Change -134.56% 282.17%
INVESTING ACTIVITIES
Capital Expenditures $41.12K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.590K -$82.91K
YoY Change -101.92% -55373.33%
Cash From Investing Activities -$39.53K -$94.27K
YoY Change -58.06% 37.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities $0.00 $0.00
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities $137.7K -$398.3K
Cash From Investing Activities -$39.53K -$94.27K
Cash From Financing Activities $0.00 $0.00
Net Change In Cash $100.3K -$499.0K
YoY Change -120.11% -27.83%
FREE CASH FLOW
Cash From Operating Activities $137.7K -$398.3K
Capital Expenditures $41.12K
Free Cash Flow $96.54K -$398.3K
YoY Change -124.24% 171.31%

Facts In Submission

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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-15071639 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
425248 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-719840 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
57486 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33563 USD
CY2021Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
75705 USD
CY2020Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
109861 USD
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
333777 USD
CY2020Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
353715 USD
CY2021Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
754000 USD
CY2020Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4471 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4510 USD
CY2021Q1 falc Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
0 USD
CY2020Q1 falc Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
-81244 USD
CY2021Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7878 USD
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
24545 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
129714 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1720163 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
250034 USD
CY2020Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-121591 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-30179 USD
CY2020Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-229042 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
0 USD
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-15539 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1031 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
51 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
536721 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-433791 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
114335 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-171461 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
100333 USD
CY2021Q1 falc Increase Decrease Operating Lease Liabilities
IncreaseDecreaseOperatingLeaseLiabilities
429112 USD
CY2020Q1 falc Increase Decrease Operating Lease Liabilities
IncreaseDecreaseOperatingLeaseLiabilities
403100 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
115750 USD
CY2020Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1201373 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
137659 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-398331 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
41121 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
USD
CY2021Q1 falc Payments For Proceeds From Security Deposits
PaymentsForProceedsFromSecurityDeposits
-1588 USD
CY2020Q1 falc Payments For Proceeds From Security Deposits
PaymentsForProceedsFromSecurityDeposits
82908 USD
CY2021Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
0 USD
CY2020Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
11360 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-39533 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-94268 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2207 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-6446 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-14600000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-499045 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1920656 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1475166 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2020989 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
976121 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
75816 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
52546 USD
CY2021Q1 falc Temporary Equity Dividends And Accretion To Redemption Value Adjustment
TemporaryEquityDividendsAndAccretionToRedemptionValueAdjustment
277170 USD
CY2020Q1 falc Temporary Equity Dividends And Accretion To Redemption Value Adjustment
TemporaryEquityDividendsAndAccretionToRedemptionValueAdjustment
285760 USD
CY2021Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
197114 USD
CY2020Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
26090 USD
CY2021Q1 us-gaap Nature Of Operations
NatureOfOperations
The Company and Nature of Operations<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">FalconStor Software, Inc., a Delaware corporation ("we", the "Company" or "FalconStor"), is a leading storage software company offering a converged data services software platform that is hardware agnostic. The Company develops and sells data migration, business continuity, disaster recovery, optimized backup and de-duplication solutions and provides the related maintenance, implementation and engineering services.</span></div>
CY2021Q1 falc Working Capital Deficiency
WorkingCapitalDeficiency
3600000 USD
CY2021Q1 us-gaap Deferred Credits And Other Liabilities Current
DeferredCreditsAndOtherLiabilitiesCurrent
4200000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
400000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
100000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2000000.0 USD
CY2021Q1 us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
100333 USD
CY2021Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
13600000 USD
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("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. During the first quarter of 2018, the Company also had significant estimates in the determination of the fair value of Series A Redeemable Convertible Preferred Stock ("Series A Preferred Stock"), notes payable and warrants issued. Actual results could differ from those estimates.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div>
CY2020Q4 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
6369129 USD
CY2021Q1 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-3915390 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3828326 USD
CY2021Q1 falc Deferred Revenue Increase Decrease In Reserves
DeferredRevenueIncreaseDecreaseInReserves
1435 USD
CY2021Q1 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
6454758 USD
CY2021Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3000000.0 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2800000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
600000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
600000 USD
CY2021Q1 us-gaap Deferred Credits And Other Liabilities
DeferredCreditsAndOtherLiabilities
6500000 USD
CY2021Q1 falc Deferred Revenue Revenue Expected To Be Recognized During Next12 Months
DeferredRevenueRevenueExpectedToBeRecognizedDuringNext12Months
0.64
CY2021Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2000000.0 USD
CY2021Q1 falc Remaining Performance Obligation Expectedtobe Recognizedover Next12 Months
RemainingPerformanceObligationExpectedtobeRecognizedoverNext12Months
0.39
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
202495 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
235962 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
235962 USD
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y6M14D
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0574
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
414351 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
489043 USD
CY2021Q1 us-gaap Sublease Income
SubleaseIncome
75314 USD
CY2020Q1 us-gaap Sublease Income
SubleaseIncome
199055 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
339037 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
289988 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
354968 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
547623 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
237525 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
237525 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1563 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
235962 USD
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1483808 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1266789 shares
CY2021Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18813944 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18791841 USD
CY2021Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18617314 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18594821 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
196630 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
197020 USD
CY2021Q1 us-gaap Depreciation
Depreciation
39765 USD
CY2020Q1 us-gaap Depreciation
Depreciation
45943 USD
CY2021Q1 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
2950132 USD
CY2020Q4 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
2950132 USD
CY2021Q1 falc Capitalized Software Development Costsfor Software Soldto Customers Accumulated Amortization
CapitalizedSoftwareDevelopmentCostsforSoftwareSoldtoCustomersAccumulatedAmortization
2932493 USD
CY2020Q4 falc Capitalized Software Development Costsfor Software Soldto Customers Accumulated Amortization
CapitalizedSoftwareDevelopmentCostsforSoftwareSoldtoCustomersAccumulatedAmortization
2930854 USD
CY2021Q1 falc Capitalized Software Development Costsfor Software Soldto Customers Net Total
CapitalizedSoftwareDevelopmentCostsforSoftwareSoldtoCustomersNetTotal
17639 USD
CY2020Q4 falc Capitalized Software Development Costsfor Software Soldto Customers Net Total
CapitalizedSoftwareDevelopmentCostsforSoftwareSoldtoCustomersNetTotal
19278 USD
CY2021Q1 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1639 USD
CY2020Q1 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
2791 USD
CY2021Q1 us-gaap Goodwill
Goodwill
4150339 USD
CY2020Q4 us-gaap Goodwill
Goodwill
4150339 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4027912 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4027912 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3943860 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3927778 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
84052 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
100134 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16082 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
-15171 USD
CY2021Q1 falc Schedule Of Equity Awards Outstanding
ScheduleOfEquityAwardsOutstanding
<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes the Company’s equity plans that have terminated or expired but that still have equity awards outstanding as of March 31, 2021: </span></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:99.707%"><tr><td style="width:1.0%"/><td style="width:64.735%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:14.735%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.533%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.764%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Name of Plan</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Shares Available for Grant</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Shares Outstanding</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FalconStor Software, Inc., 2016 Incentive Stock Plan</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">—</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:2pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3,850</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">FalconStor Software, Inc., 2006 Incentive Stock Plan</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">—</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,930</span></td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div>
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4471 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4510 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
44616 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.070
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70064 USD
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.108
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
75506 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
75506 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
37207 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
35340 USD
CY2021Q1 falc Recognizedtaxbenefits
Recognizedtaxbenefits
8000 USD
CY2020Q4 us-gaap Notes Payable
NotesPayable
4074863 USD
CY2021Q1 falc Accretion Of Debt Discount
AccretionOfDebtDiscount
75705 USD
CY2021Q1 us-gaap Notes Payable
NotesPayable
3396568 USD
CY2020Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
472851 USD
CY2019Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
483804 USD
CY2021Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
2629 USD
CY2020Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
2752 USD
CY2021Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
470222 USD
CY2020Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
481052 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
237525 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
25105 USD
CY2021Q1 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
212420 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
237525 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
25105 USD
CY2021Q1 us-gaap Contractual Obligation
ContractualObligation
212420 USD
CY2021Q1 falc Product Warranty Duration
ProductWarrantyDuration
P90D
CY2021Q1 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
112712 USD
CY2021Q1 us-gaap Debt Instrument Convertible Threshold Consecutive Trading Days1
DebtInstrumentConvertibleThresholdConsecutiveTradingDays1
60 Integer
CY2021Q1 falc Minimum Percentage Of Common Stock Price To Conversion Price To Determine Eligibility Of Conversion Through Consecutive Trading Days
MinimumPercentageOfCommonStockPriceToConversionPriceToDetermineEligibilityOfConversionThroughConsecutiveTradingDays
2.50
CY2021Q1 falc Percentage Of Accounts Receivable
PercentageOfAccountsReceivable
0.80
CY2021Q1 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
2.25
CY2021Q1 falc Upon Certain Triggering Events Holders Can Redeem
UponCertainTriggeringEventsHoldersCanRedeem
1
CY2021Q1 falc Upon Certain Triggering Events Holders Can Redeem
UponCertainTriggeringEventsHoldersCanRedeem
1
CY2021Q1 falc Minimum Percentage Of Common Stock Price To Conversion Price To Determine Eligibility Of Conversion Through Consecutive Trading Days
MinimumPercentageOfCommonStockPriceToConversionPriceToDetermineEligibilityOfConversionThroughConsecutiveTradingDays
2.50
CY2021Q1 falc Minimum Percentage Of Common Stock Price To Conversion Price To Determine Eligibility Of Conversion Through Consecutive Trading Days
MinimumPercentageOfCommonStockPriceToConversionPriceToDetermineEligibilityOfConversionThroughConsecutiveTradingDays
2.50
CY2021Q1 falc Redeemable Convertible Preferred Stock Financing Proceeds Threshold
RedeemableConvertiblePreferredStockFinancingProceedsThreshold
5000000.0 USD
CY2021Q1 falc Redeemable Convertible Preferred Stock Financing Proceeds Threshold
RedeemableConvertiblePreferredStockFinancingProceedsThreshold
5000000.0 USD
CY2020Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
472851 USD
CY2021Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
2629 USD
CY2020Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
2752 USD
CY2020Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
472851 USD
CY2019Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
483804 USD
CY2021Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
2629 USD
CY2020Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
2752 USD
CY2021Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
470222 USD
CY2020Q1 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
481052 USD
CY2021Q1 falc Redemptionas Partof Fundamental Sale Transaction Percent
RedemptionasPartofFundamentalSaleTransactionPercent
0.005
CY2021Q1 falc Probabilityof Redemption Absenta Fundamental Sale Transaction Percent
ProbabilityofRedemptionAbsentaFundamentalSaleTransactionPercent
0.0475
CY2021Q1 falc Derivatives Volatility Rate
DerivativesVolatilityRate
0.65
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
425248 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-719840 USD
CY2021Q1 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
277170 USD
CY2020Q1 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
285760 USD
CY2021Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
197114 USD
CY2020Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
26090 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-49036 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1031690 USD
CY2021Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2021Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2020Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2020Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2021Q1 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
49078 shares
CY2021Q1 falc Number Of Customers With Significant Accounts Receivable Balance
NumberOfCustomersWithSignificantAccountsReceivableBalance
2 Integer
CY2020Q4 falc Number Of Customers With Significant Accounts Receivable Balance
NumberOfCustomersWithSignificantAccountsReceivableBalance
1 Integer
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3828326 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3180187 USD
CY2021Q1 us-gaap Noncurrent Assets
NoncurrentAssets
1779740 USD
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
2291020 USD
CY2021Q1 falc Numberof Customers Accountingfor Morethan10 Percentof Revenue
NumberofCustomersAccountingforMorethan10PercentofRevenue
2 customer
CY2021Q1 falc Numberof Customers Accountingfor Morethan10 Percentof Revenue
NumberofCustomersAccountingforMorethan10PercentofRevenue
2 customer
CY2020Q1 falc Numberof Customers Accountingfor Morethan10 Percentof Revenue
NumberofCustomersAccountingforMorethan10PercentofRevenue
2 customer
CY2019Q4 dei Entity Number Of Employees
EntityNumberOfEmployees
86
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
531292 USD
CY2020Q1 us-gaap Restructuring Charges
RestructuringCharges
287460 USD
CY2020Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
382250 USD
CY2020Q1 us-gaap Restructuring Reserve
RestructuringReserve
436502 USD
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
153685 USD
CY2020Q2 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
4674 USD
CY2020Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
201211 USD
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
393650 USD
us-gaap Restructuring Charges
RestructuringCharges
317595 USD
us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
9554 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
366562 USD
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
354237 USD
CY2020Q4 us-gaap Restructuring Charges
RestructuringCharges
274086 USD
CY2020Q4 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
11124 USD
CY2020Q4 us-gaap Payments For Restructuring
PaymentsForRestructuring
324537 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
314910 USD
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
302313 USD
CY2021Q1 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-10393 USD
CY2021Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
357184 USD
CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
249646 USD

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