$JOB
GEE Group Inc.

2014 Q4 Form 10-K Financial Statement

#000119312514450897 Filed on December 22, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014
Revenue $9.680M $9.450M $39.81M
YoY Change -10.45% -16.74% -14.39%
Cost Of Revenue $6.670M $5.120M $26.42M
YoY Change -12.35% -39.84% -18.26%
Gross Profit $3.010M $4.330M $13.39M
YoY Change -5.94% 53.0% -5.58%
Gross Profit Margin 31.1% 45.82% 33.64%
Selling, General & Admin $3.070M $3.590M $13.71M
YoY Change -4.66% -0.55% -9.65%
% of Gross Profit 101.99% 82.91% 102.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $120.0K $140.0K $498.0K
YoY Change -7.69% 16.67% 2.68%
% of Gross Profit 3.99% 3.23% 3.72%
Operating Expenses $3.160M $3.680M $13.71M
YoY Change -4.24% -0.27% -9.65%
Operating Profit -$150.0K $650.0K -$641.0K
YoY Change 50.0% -175.58% -50.96%
Interest Expense -$3.260M -$160.0K -$500.0K
YoY Change 2616.67% 166.67% 66.67%
% of Operating Profit -24.62%
Other Income/Expense, Net -$507.0K
YoY Change 101.99%
Pretax Income -$3.410M $490.0K -$1.101M
YoY Change 1382.61% -153.26% -29.33%
Income Tax $0.00 $20.00K $24.00K
% Of Pretax Income 4.08%
Net Earnings -$3.410M $230.0K -$1.355M
YoY Change 1382.61% -122.55% -28.31%
Net Earnings / Revenue -35.23% 2.43% -3.4%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.317M $88.80K -$583.3K
COMMON SHARES
Basic Shares Outstanding 25.90M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 Q3 2014
SHORT-TERM ASSETS
Cash & Short-Term Investments $400.0K $200.0K $200.0K
YoY Change 300.0% -50.0% -50.0%
Cash & Equivalents $400.0K $168.0K $200.0K
Short-Term Investments
Other Short-Term Assets $1.000M $1.650M $1.700M
YoY Change 100.0% 296.63% 183.33%
Inventory
Prepaid Expenses
Receivables $5.100M $4.907M $4.900M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.600M $6.725M $6.700M
YoY Change -2.94% -12.8% -12.99%
LONG-TERM ASSETS
Property, Plant & Equipment $400.0K $453.0K $500.0K
YoY Change -20.0% -14.53% 0.0%
Goodwill $1.106M
YoY Change 0.0%
Intangibles $1.560M
YoY Change -17.2%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $3.000M $3.119M $3.100M
YoY Change -11.76% -11.39% -11.43%
TOTAL ASSETS
Total Short-Term Assets $6.600M $6.725M $6.700M
Total Long-Term Assets $3.000M $3.119M $3.100M
Total Assets $9.600M $9.844M $9.800M
YoY Change -5.88% -12.36% -12.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.000M $910.0K $900.0K
YoY Change 66.67% -10.34% -10.0%
Accrued Expenses $1.600M $174.0K $2.600M
YoY Change -33.33% -32.03% -18.75%
Deferred Revenue
YoY Change
Short-Term Debt $4.100M $2.711M $2.700M
YoY Change 0.0% -27.4% -27.03%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.90M $7.634M $7.600M
YoY Change 41.56% -10.11% -10.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $100.0K $100.0K
YoY Change -100.0% 0.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $145.0K $100.0K
YoY Change -100.0% 15.08% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.90M $7.634M $7.600M
Total Long-Term Liabilities $0.00 $145.0K $100.0K
Total Liabilities $10.90M $7.779M $7.800M
YoY Change 39.74% -9.75% -9.3%
SHAREHOLDERS EQUITY
Retained Earnings -$9.593M
YoY Change 16.45%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.300M $2.065M $2.100M
YoY Change
Total Liabilities & Shareholders Equity $9.600M $9.844M $9.800M
YoY Change -5.88% -12.36% -12.5%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014
OPERATING ACTIVITIES
Net Income -$3.410M $230.0K -$1.355M
YoY Change 1382.61% -122.55% -28.31%
Depreciation, Depletion And Amortization $120.0K $140.0K $498.0K
YoY Change -7.69% 16.67% 2.68%
Cash From Operating Activities -$850.0K $360.0K $286.0K
YoY Change 60.38% -173.47% -126.7%
INVESTING ACTIVITIES
Capital Expenditures -$20.00K -$40.00K -$150.0K
YoY Change -60.0% 300.0% -21.05%
Acquisitions
YoY Change
Other Investing Activities -$80.00K -$140.0K -$230.0K
YoY Change 0.0% 53.33%
Cash From Investing Activities -$90.00K -$170.0K -$371.0K
YoY Change -30.77% 750.0% 7.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.200M -80.00K -108.0K
YoY Change 233.33% -109.3% -107.64%
NET CHANGE
Cash From Operating Activities -850.0K 360.0K 286.0K
Cash From Investing Activities -90.00K -170.0K -371.0K
Cash From Financing Activities 1.200M -80.00K -108.0K
Net Change In Cash 260.0K 110.0K -193.0K
YoY Change -186.67% -68.57% 6333.33%
FREE CASH FLOW
Cash From Operating Activities -$850.0K $360.0K $286.0K
Capital Expenditures -$20.00K -$40.00K -$150.0K
Free Cash Flow -$830.0K $400.0K $436.0K
YoY Change 72.92% -183.33% -149.49%

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CY2014Q3 job Warranty Expiry Period
WarrantyExpiryPeriod
P5Y
CY2014Q3 job Interest Expense And Amortization Of Debt Discount
InterestExpenseAndAmortizationOfDebtDiscount
36000
CY2013Q3 us-gaap Stock Issued During Period Shares New Issues
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CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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0
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0 pure
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108000 shares
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21969000 shares
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194000
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0
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265000
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-127000
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142000
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AmortizationOfIntangibleAssets
320000
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32318000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
22000
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IncomeTaxExpenseBenefit
8000
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NetCashProvidedByUsedInInvestingActivities
-345000
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-4000
CY2013 us-gaap Depreciation
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165000
CY2013 us-gaap Net Cash Provided By Used In Discontinued Operations
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37000
CY2013 us-gaap Proceeds From Repayments Of Short Term Debt
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1330000
CY2013 us-gaap Sale Leaseback Transaction Net Proceeds Financing Activities
SaleLeasebackTransactionNetProceedsFinancingActivities
122000
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GoodwillImpairmentLoss
0
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1413000
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CY2013 us-gaap Advertising Expense
AdvertisingExpense
733000
CY2013 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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41000
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CurrentIncomeTaxExpenseBenefit
8000
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IncreaseDecreaseInAccountsPayable
842000
CY2013 us-gaap Severance Costs1
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100000
CY2013 us-gaap Share Based Compensation
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68000
CY2013 job Business Acquisition Contingent Consideration Shares Issuable Amount
BusinessAcquisitionContingentConsiderationSharesIssuableAmount
330000
CY2013 job Cash Payment Of Contingent Consideration
CashPaymentOfContingentConsideration
200000
CY2013 job Loss On Abandonment Of Leasehold Improvements
LossOnAbandonmentOfLeaseholdImprovements
78000
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-14000
CY2013 us-gaap Sales Allowances Services
SalesAllowancesServices
969000
CY2013 job Partial Payment Of Earn Out
PartialPaymentOfEarnOut
150000
CY2013 job Insurance Coverage Limit At Each Financial Institution
InsuranceCoverageLimitAtEachFinancialInstitution
250000
CY2014 us-gaap Related Party Transaction Terms And Manner Of Settlement
RelatedPartyTransactionTermsAndMannerOfSettlement
On May 29, 2014, the Company entered into a settlement agreement related to an indemnification agreement with the former Chief Executive Officer of the Company under which the Company agreed to pay a total of $51,850 as settlement in full of certain disputes among the parties.
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Entity Registrant Name
EntityRegistrantName
GENERAL EMPLOYMENT ENTERPRISES INC
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2014 dei Trading Symbol
TradingSymbol
JOB
CY2014 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.05
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.21
CY2014 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y6M
CY2014 us-gaap Nature Of Operations
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<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <b>1. Description of Business</b></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> General Employment Enterprises, Inc. (the &#x201C;Company&#x201D;, &#x201C;us&#x201D;, &#x201C;our&#x201D; or &#x201C;we&#x201D;) was incorporated in the State of Illinois in 1962 and is the successor to employment offices doing business since 1893 and provides staffing services through a network of branch offices located in major metropolitan areas throughout the United States. The Company&#x2019;s professional staffing services provide information technology, engineering and accounting professionals to clients on either a regular placement basis or a temporary contract basis. The Company&#x2019;s agricultural staffing services provided agricultural workers for farms and groves, until July&#xA0;7, 2013, when the Company ceased operations within its Agricultural Division, terminated all the division&#x2019;s employees and began the process of liquidating all assets of this Division.&#xA0;The Company&#x2019;s industrial staffing business provides weekly temporary staffing for light industrial clients in Ohio and Pennsylvania.</p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> The Company has experienced significant losses in the past. Management has implemented a strategy which included cost reduction efforts, closure of the Agricultural Division as well as identifying strategic acquisitions, financed primarily through the issuance of stock and convertible debt, to improve the overall profitability and cash flows of the Company. The Company entered into a three year revolving credit agreement with ACF Finco I LP (formerly Keltic) to provide working capital financing. The agreement allows ACF Finco I LP to advance the Company funds based on a percentage of eligible invoices. Management believes with current cash flow from operations, the preferred offering and the availability under the ACF Finco I LP loan agreement, the Company will have sufficient liquidity for the next 12 months.</p> </div>
CY2014 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-171000
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
286000
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
308000
CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
24360000 shares
CY2014 us-gaap Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
1100000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P9Y
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
654000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2595000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0275 pure
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> <i>Estimates and Assumptions</i></p> <p style="MARGIN-BOTTOM: 0pt; WHITE-SPACE: normal; TEXT-TRANSFORM: none; WORD-SPACING: 0px; COLOR: rgb(0,0,0); FONT: 10pt 'Times New Roman'; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px"> Management makes estimates and assumptions that can affect the amounts of assets and liabilities reported as of the date of the condensed consolidated financial statements, as well as the amounts of reported revenues and expenses during the periods presented. Those estimates and assumptions typically involve expectations about events to occur subsequent to the balance sheet date, and it is possible that actual results could ultimately differ from the estimates. If differences were to occur in a subsequent period, the Company would recognize those differences when they became known. Significant matters requiring the use of estimates and assumptions include, but may not be limited to, deferred income tax valuation allowances, accounts receivable allowances, accounting for acquisitions, accounting for derivatives and evaluation of impairment. Management believes that its estimates and assumptions are reasonable, based on information that is available at the time they are made.</p> </div>
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-0.01
CY2014 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segments
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.42
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.28
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0000040570
CY2014 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.95 pure
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
468000 shares
CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
98000
CY2014 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
219000
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1468000
CY2014 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <i>Reclassification</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> Certain reclassifications have been made to the financial statements as of and for the year ended September&#xA0;30, 2013 to conform to the presentation as of and for the year ended September&#xA0;30, 2014.</p> </div>
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
7088000
CY2014 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
146000
CY2014 us-gaap Contracts Revenue
ContractsRevenue
32723000
CY2014 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1065000
CY2014 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
72000
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
39811000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1101000
CY2014 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
470000
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
-641000
CY2014 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-507000
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-230000
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
24000
CY2014 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
450000
CY2014 us-gaap Net Income Loss
NetIncomeLoss
-1355000
CY2014 us-gaap Interest Paid
InterestPaid
461000
CY2014 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
20000
CY2014 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-1234000
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-1125000
CY2014 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
47000
CY2014 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
498000
CY2014 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-100000
CY2014 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
530000
CY2014 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0
CY2014 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
517000
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13709000
CY2014 job Related Party Transaction Payment Made To Related Party
RelatedPartyTransactionPaymentMadeToRelatedParty
51850
CY2014 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-113000
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
322000
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
326000
CY2014 us-gaap Cost Of Services
CostOfServices
26417000
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
32000
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24000
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-371000
CY2014 us-gaap Depreciation
Depreciation
174000
CY2014 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-22000
CY2014 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-1023000
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-108000
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-371000
CY2014 us-gaap Advertising Expense
AdvertisingExpense
718000
CY2014 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-22000
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
24000
CY2014 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-105000
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
98000
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-8000
CY2014 us-gaap Sales Allowances Services
SalesAllowancesServices
939000
CY2014 job Proceeds Receivable From Securities Purchase Agreement
ProceedsReceivableFromSecuritiesPurchaseAgreement
470000
CY2014 job Proceeds From Issuance Of Equity Securities
ProceedsFromIssuanceOfEquitySecurities
470000
CY2014 job Contingent Consideration Interest
ContingentConsiderationInterest
75000
CY2014 job Class Of Warrant Granted In Period Weighted Average Exercise Price
ClassOfWarrantGrantedInPeriodWeightedAverageExercisePrice
0.25
CY2014 job Stock Issued For Services
StockIssuedForServices
20000
CY2014 job Business Acquisition Contingent Consideration Shares Issuable Amount
BusinessAcquisitionContingentConsiderationSharesIssuableAmount
330000
CY2014 job Interest Expense And Amortization Of Debt Discount
InterestExpenseAndAmortizationOfDebtDiscount
36000
CY2014 job Line Of Credit Facility Available Amount
LineOfCreditFacilityAvailableAmount
730000
CY2014 job Proceeds From Related Party Short Term Debt
ProceedsFromRelatedPartyShortTermDebt
185000
CY2014 job Contingent Consideration Interest Expense
ContingentConsiderationInterestExpense
100000
CY2014 job Expenses Related To Security Purchase Agreement
ExpensesRelatedToSecurityPurchaseAgreement
130000
CY2014 job Loss On Abandonment Of Leasehold Improvements
LossOnAbandonmentOfLeaseholdImprovements
49000
CY2014 job Partial Payment Of Earn Out
PartialPaymentOfEarnOut
225000
CY2014 job Period Contingent Consideration Will Be Paid
PeriodContingentConsiderationWillBePaid
P2Y
CY2014 job Number Of Plans Approved By Shareholders
NumberOfPlansApprovedByShareholders
4 Plan
CY2014 job Repayments Of Short Term Debt Related Party Debt
RepaymentsOfShortTermDebtRelatedPartyDebt
185000
CY2014Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
47000
CY2014Q3 job Change In Fair Value Of Convertible Notes Payable
ChangeInFairValueOfConvertibleNotesPayable
47000
CY2013Q1 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
0

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