$INTZ
INTRUSION INC

2011 Form 10-K Financial Statement

#000110465912022692 Filed on March 30, 2012

View on sec.gov

Income Statement

Concept 2011 2010 Q4 2010
Revenue $5.348M $940.0K $5.588M
YoY Change -4.29% -38.16% 14.04%
Cost Of Revenue $2.057M $360.0K $2.060M
YoY Change -0.15% -30.77% 21.18%
Gross Profit $3.291M $570.0K $3.528M
YoY Change -6.72% -43.0% 6.91%
Gross Profit Margin 61.54% 60.64% 63.14%
Selling, General & Admin $2.485M $500.0K $1.900M
YoY Change 30.79% 25.0% 0.0%
% of Gross Profit 75.51% 87.72% 53.85%
Research & Development $1.555M $370.0K $1.395M
YoY Change 11.47% 85.0% 26.82%
% of Gross Profit 47.25% 64.91% 39.54%
Depreciation & Amortization $109.0K $20.00K $76.00K
YoY Change 43.42% 0.0% -5.0%
% of Gross Profit 3.31% 3.51% 2.15%
Operating Expenses $4.040M $870.0K $1.395M
YoY Change 189.61% 45.0% -53.5%
Operating Profit -$749.0K -$300.0K $220.0K
YoY Change -440.45% -175.0% -26.67%
Interest Expense -$66.00K -$10.00K -$41.00K
YoY Change 60.98% -50.0% -59.0%
% of Operating Profit -18.64%
Other Income/Expense, Net -$118.0K $0.00 $0.00
YoY Change
Pretax Income -$933.0K -$300.0K $226.0K
YoY Change -512.83% -178.95% 13.0%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$933.0K -$300.0K $226.0K
YoY Change -512.83% -178.95% 13.0%
Net Earnings / Revenue -17.45% -31.91% 4.04%
Basic Earnings Per Share
Diluted Earnings Per Share -$75.63K -$25.42K $14.39K
COMMON SHARES
Basic Shares Outstanding 11.88M shares 11.75M shares
Diluted Shares Outstanding 11.88M shares 13.94M shares

Balance Sheet

Concept 2011 2010 Q4 2010
SHORT-TERM ASSETS
Cash & Short-Term Investments $300.0K $500.0K $500.0K
YoY Change -40.0% 0.0% 0.0%
Cash & Equivalents $300.0K $540.0K $500.0K
Short-Term Investments
Other Short-Term Assets $100.0K $0.00 $0.00
YoY Change -100.0% -100.0%
Inventory $0.00 $61.00K $100.0K
Prepaid Expenses $23.00K
Receivables $500.0K $222.0K $200.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $900.0K $846.0K $800.0K
YoY Change 12.5% -6.0% -11.11%
LONG-TERM ASSETS
Property, Plant & Equipment $200.0K $117.0K $100.0K
YoY Change 100.0% 17.0% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $39.00K $0.00
YoY Change
Total Long-Term Assets $200.0K $156.0K $200.0K
YoY Change 0.0% -22.0% 0.0%
TOTAL ASSETS
Total Short-Term Assets $900.0K $846.0K $800.0K
Total Long-Term Assets $200.0K $156.0K $200.0K
Total Assets $1.100M $1.002M $1.000M
YoY Change 10.0% -8.91% -9.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.0K $167.0K $200.0K
YoY Change 0.0% -16.5% 0.0%
Accrued Expenses $500.0K $362.0K $400.0K
YoY Change 25.0% -27.6% -20.0%
Deferred Revenue
YoY Change
Short-Term Debt $100.0K $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0K $0.00
YoY Change
Total Short-Term Liabilities $1.000M $1.534M $1.500M
YoY Change -33.33% 39.45% 36.36%
LONG-TERM LIABILITIES
Long-Term Debt $1.600M $200.0K $200.0K
YoY Change 700.0% -80.0% -80.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.600M $200.0K $200.0K
YoY Change 700.0% -80.0% -80.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.000M $1.534M $1.500M
Total Long-Term Liabilities $1.600M $200.0K $200.0K
Total Liabilities $2.600M $1.800M $1.800M
YoY Change 44.44% -14.29% -14.29%
SHAREHOLDERS EQUITY
Retained Earnings -$57.87M
YoY Change
Common Stock $118.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $362.0K
YoY Change
Treasury Stock Shares 10.00K shares
Shareholders Equity -$1.500M -$762.0K -$800.0K
YoY Change
Total Liabilities & Shareholders Equity $1.100M $1.002M $1.000M
YoY Change 10.0% -8.91% -9.09%

Cashflow Statement

Concept 2011 2010 Q4 2010
OPERATING ACTIVITIES
Net Income -$933.0K -$300.0K $226.0K
YoY Change -512.83% -178.95% 13.0%
Depreciation, Depletion And Amortization $109.0K $20.00K $76.00K
YoY Change 43.42% 0.0% -5.0%
Cash From Operating Activities -$1.540M $740.0K $1.270M
YoY Change -221.26% 60.87% -370.21%
INVESTING ACTIVITIES
Capital Expenditures $29.00K $0.00 $48.00K
YoY Change -39.58% -100.0% -180.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$30.00K $0.00 -$50.00K
YoY Change -40.0% -100.0% -16.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.340M -490.0K -1.200M
YoY Change -211.67% -344.9%
NET CHANGE
Cash From Operating Activities -1.540M 740.0K 1.270M
Cash From Investing Activities -30.00K 0.000 -50.00K
Cash From Financing Activities 1.340M -490.0K -1.200M
Net Change In Cash -230.0K 250.0K 20.00K
YoY Change -1250.0% -40.48% -150.0%
FREE CASH FLOW
Cash From Operating Activities -$1.540M $740.0K $1.270M
Capital Expenditures $29.00K $0.00 $48.00K
Free Cash Flow -$1.569M $740.0K $1.222M
YoY Change -228.4% 48.0% -398.05%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2010Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2011Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
97000 USD
CY2010Q4 us-gaap Inventory Net
InventoryNet
61000 USD
CY2011 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-232000 USD
CY2010Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1002000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
-762000 USD
CY2010Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-226000 USD
CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-57868000 USD
CY2010Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
55570000 USD
CY2010Q4 us-gaap Treasury Stock Value
TreasuryStockValue
362000 USD
CY2010Q4 us-gaap Common Stock Value
CommonStockValue
118000 USD
CY2010Q4 us-gaap Due To Officers Or Stockholders Noncurrent
DueToOfficersOrStockholdersNoncurrent
230000 USD
CY2010Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1534000 USD
CY2010Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
983000 USD
CY2010Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
22000 USD
CY2010Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
362000 USD
CY2010Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
167000 USD
CY2010Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
39000 USD
CY2010Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
117000 USD
CY2010Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
632000 USD
CY2010Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
749000 USD
CY2010Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
101000 USD
CY2010Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
34000 USD
CY2010Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
614000 USD
CY2010Q4 us-gaap Assets Current
AssetsCurrent
846000 USD
CY2010Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
23000 USD
CY2010Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
222000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
540000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1130000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
-1459000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-107000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-58801000 USD
CY2011Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
55686000 USD
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
362000 USD
CY2011Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
53000 USD
CY2011Q4 us-gaap Due To Officers Or Stockholders Noncurrent
DueToOfficersOrStockholdersNoncurrent
1530000 USD
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1006000 USD
CY2011Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
74000 USD
CY2011Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
80000 USD
CY2011Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
123000 USD
CY2011Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
461000 USD
CY2011Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
171000 USD
CY2011Q4 us-gaap Assets
Assets
1130000 USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
40000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
207000 USD
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
741000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
948000 USD
CY2011Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
101000 USD
CY2011Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
34000 USD
CY2011Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
813000 USD
CY2011Q4 us-gaap Assets Current
AssetsCurrent
883000 USD
CY2011Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
90000 USD
CY2011Q4 us-gaap Inventory Net
InventoryNet
5000 USD
CY2011Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
480000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
308000 USD
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2010 us-gaap Sales Revenue Net
SalesRevenueNet
5588000 USD
CY2010Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2010Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2010Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
10000 shares
CY2010Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11818000 shares
CY2010Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11828000 shares
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
10000 shares
CY2011Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
11942000 shares
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
11952000 shares
CY2010Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
80000000 shares
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
80000000 shares
CY2010Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2010 us-gaap Operating Income Loss
OperatingIncomeLoss
220000 USD
CY2010 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
992000 USD
CY2010 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1395000 USD
CY2010 us-gaap Gross Profit
GrossProfit
3528000 USD
CY2010 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2060000 USD
CY2010 us-gaap Cost Of Services
CostOfServices
20000 USD
CY2010 us-gaap Cost Of Goods Sold
CostOfGoodsSold
2040000 USD
CY2010 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
205000 USD
CY2010 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
5383000 USD
CY2010 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
136000 USD
CY2011 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
151000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11877000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11877000 shares
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-933000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-933000 USD
CY2011 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-66000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
-749000 USD
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1102000 USD
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1555000 USD
CY2011 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1383000 USD
CY2011 us-gaap Gross Profit
GrossProfit
3291000 USD
CY2011 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2057000 USD
CY2011 us-gaap Cost Of Services
CostOfServices
21000 USD
CY2011 us-gaap Cost Of Goods Sold
CostOfGoodsSold
2036000 USD
CY2011 us-gaap Sales Revenue Net
SalesRevenueNet
5348000 USD
CY2011 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
156000 USD
CY2011 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
5192000 USD
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13937000 shares
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11745000 shares
CY2010 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
90000 USD
CY2010 us-gaap Net Income Loss
NetIncomeLoss
226000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
226000 USD
CY2010 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-41000 USD
CY2010 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
47000 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
29000 USD
CY2011 us-gaap Nature Of Operations
NatureOfOperations
<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="MARGIN: 0in 0in 0pt"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold" size="2">1. Description of Business</font></b></p> <p style="MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">&#160;</font></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">We develop, market, and support a family of entity identification, data mining, regulated information compliance, data privacy protection and network intrusion prevention/detection products.&#160; Our product families include:&#160; TraceCop for identity identification, Savant for data mining, Compliance Commander for regulated information and data privacy protection, and SecureNet for network intrusion prevention and detection.&#160; Intrusion&#8217;s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks.</font></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">&#160;</font></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">We market and distribute our products through a direct sales force to end-users, distributors and numerous system integrators, managed service providers and value-added resellers.&#160; Our end-user customers include banks, credit unions, other financial institutions, U.S. federal government entities, foreign government entities, hospitals and other healthcare providers. Essentially, our end-users can be defined as end-users requiring network security solutions for protecting their mission critical data.</font></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">&#160;</font></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">We were organized in Texas in September&#160;1983 and reincorporated in Delaware in October&#160;1995. For more than 15&#160;years, we provided local area networking equipment and were known as Optical Data Systems or ODS Networks. On April&#160;17, 2000, we sold, or otherwise disposed of, our networking divisions, which included our Essential Communications division and our local area networking assets. On June&#160;1, 2000, we changed our name from ODS Networks,&#160;Inc. to Intrusion.com,&#160;Inc., and our ticker symbol from ODSI to INTZ to reflect our focus on intrusion prevention and detection solutions, along with information compliance and data privacy protection products. On November&#160;1, 2001, we changed our name from Intrusion.com,&#160;Inc. to Intrusion&#160;Inc.</font></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">&#160;</font></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">Our principal executive offices are located at 1101 East Arapaho Road, Suite 200, Richardson, Texas 75081, and our telephone number is (972)&#160;234-6400.&#160; Our website URL is www.intrusion.com.</font></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">&#160;</font></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">References to the &#8220;Company&#8221;, &#8220;we&#8221;, &#8220;us&#8221;, &#8220;our&#8221;, &#8220;Intrusion&#8221; or &#8220;Intrusion&#160;Inc.&#8221; refer to Intrusion&#160;Inc. and its subsidiaries.&#160; Compliance Commander&#8482;, SecureNet&#8482; and TraceCop&#8482; are registered trademarks of Intrusion Inc.</font></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">&#160;</font></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" size="2">As of December 31, 2011, we had cash and cash equivalents of approximately $308,000, down from approximately $540,000 as of December&#160;31, 2010.&#160; We generated a net loss of $933,000 for the year ended December 31, 2011 compared to net income of $226,000 for the year ended December 31, 2010.&#160; As of December 31, 2011, in addition to cash and cash equivalents of $308,000, we had $115,000 in funding available under our $0.625 million line of credit at Silicon Valley Bank (&#8220;SVB&#8221;) and $0.67 million funding available from a promissory note to borrow up to $2.2 million from G. Ward Paxton, the Company&#8217;s Chief Executive Officer.&#160;&#160; We are obligated to make payments of accrued dividends on all our outstanding shares of preferred stock that will reduce our available cash resources.&#160;&#160; Based on projections of growth in revenue and net income in the coming quarters, and the borrowings available previously mentioned, we believe that we will have&#160; sufficient cash resources to finance our operations and expected capital expenditures for the next twelve months.&#160; We expect to fund our operations through Company profits, our line of credit, borrowings from the Company&#8217;s CEO, and possibly additional investments of private equity and debt, which, if we are able to obtain, will have the effect of diluting our existing common stockholders, perhaps significantly.&#160; Any equity or debt financings, if available at all, may be on terms which are not favorable to us and, in the case of equity financings, may result in dilution to our stockholders. If our operations do not generate positive cash flow in the upcoming year, or if we are not able to obtain additional debt or equity financing on terms and conditions acceptable to us, if at all, we may be unable to implement our business plan, fund our liquidity needs or even continue our operations.</font></p></td></tr></table>
CY2011 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
42000 USD
CY2011 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
51000 USD
CY2010 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
462000 USD
CY2010 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
1000000 USD
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
68000 USD
CY2010 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-45000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-56000 USD
CY2010 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
54000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
258000 USD
CY2010 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-129000 USD
CY2011 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-119000 USD
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
48000 USD
CY2011 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
170000 USD
CY2011 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
4000 USD
CY2011 us-gaap Dividends Preferred Stock
DividendsPreferredStock
151000 USD
CY2011 us-gaap Interest Paid
InterestPaid
8000 USD
CY2011 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1300000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-1539000 USD
CY2010 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
260000 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1270000 USD
CY2011 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-886000 USD
CY2010 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
890000 USD
CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-155000 USD
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
160000 USD
CY2010 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
76000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
102000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
220000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1336000 USD
CY2011 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
25000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
20000 USD
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
109000 USD
CY2010 us-gaap Dividends Preferred Stock
DividendsPreferredStock
136000 USD
CY2010 us-gaap Interest Paid
InterestPaid
79000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
519000 USD
CY2010 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
21000 USD
CY2010 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-1201000 USD
CY2010 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2011 dei Entity Registrant Name
EntityRegistrantName
INTRUSION INC
CY2011 dei Entity Central Index Key
EntityCentralIndexKey
0000736012
CY2011 dei Document Type
DocumentType
10-K
CY2011 dei Document Period End Date
DocumentPeriodEndDate
2011-12-31
CY2011 dei Amendment Flag
AmendmentFlag
false
CY2011 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2011 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2011 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2011 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2011 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2011Q2 dei Entity Public Float
EntityPublicFloat
3330000 USD
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
11972017 shares
CY2011 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2011 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2011 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
80000 USD

Files In Submission

Name View Source Status
0001104659-12-022692-index-headers.html Edgar Link pending
0001104659-12-022692-index.html Edgar Link pending
0001104659-12-022692.txt Edgar Link pending
0001104659-12-022692-xbrl.zip Edgar Link pending
a12-1144_110k.htm Edgar Link pending
a12-1144_1ex10d25.htm Edgar Link pending
a12-1144_1ex23d1.htm Edgar Link pending
a12-1144_1ex31d1.htm Edgar Link pending
a12-1144_1ex31d2.htm Edgar Link pending
a12-1144_1ex32d1.htm Edgar Link pending
a12-1144_1ex32d2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
intz-20111231.xml Edgar Link completed
intz-20111231.xsd Edgar Link pending
intz-20111231_cal.xml Edgar Link unprocessable
intz-20111231_def.xml Edgar Link unprocessable
intz-20111231_lab.xml Edgar Link unprocessable
intz-20111231_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending