$KDOZF
KIDOZ INC.

2017 Q1 Form 10-Q Financial Statement

#000131848217000002 Filed on May 16, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $33.26K $110.6K
YoY Change -69.92% 1005.59%
Cost Of Revenue $120.5K
YoY Change 0.42%
Gross Profit $33.26K -$9.944K
YoY Change -434.46% -90.96%
Gross Profit Margin 100.0% -8.99%
Selling, General & Admin $180.0K $400.0K
YoY Change -55.0% 42.86%
% of Gross Profit 541.21%
Research & Development $214.5K $217.4K
YoY Change -1.33% -29.88%
% of Gross Profit 644.92%
Depreciation & Amortization $0.00 $120.0K
YoY Change -100.0% 0.0%
% of Gross Profit 0.0%
Operating Expenses $214.5K $217.4K
YoY Change -1.33% -63.16%
Operating Profit -$382.9K -$630.7K
YoY Change -39.3% -9.89%
Interest Expense -$20.00K $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$383.9K -$633.9K
YoY Change -39.43% -14.34%
Income Tax
% Of Pretax Income
Net Earnings -$383.9K -$633.9K
YoY Change -39.43% -11.96%
Net Earnings / Revenue -1154.42% -573.33%
Basic Earnings Per Share
Diluted Earnings Per Share -$6.364K -$11.21K
COMMON SHARES
Basic Shares Outstanding 59.71M
Diluted Shares Outstanding 59.71M 56.20M

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.00K $150.0K
YoY Change -80.0% -93.36%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $20.00K $20.00K
YoY Change 0.0% -83.33%
Inventory
Prepaid Expenses $17.95K
Receivables $19.00K $50.00K
Other Receivables $0.00 $0.00
Total Short-Term Assets $68.72K $220.0K
YoY Change -68.76% -90.79%
LONG-TERM ASSETS
Property, Plant & Equipment $9.541K $10.00K
YoY Change -4.59% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $10.00K
YoY Change -100.0% 0.0%
Total Long-Term Assets $9.541K $370.0K
YoY Change -97.42% -56.98%
TOTAL ASSETS
Total Short-Term Assets $68.72K $220.0K
Total Long-Term Assets $9.541K $370.0K
Total Assets $78.26K $590.0K
YoY Change -86.74% -81.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.73K $170.0K
YoY Change -93.69% 750.0%
Accrued Expenses $96.06K $90.00K
YoY Change 6.73% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $223.9K $280.0K
YoY Change -20.03% 115.38%
LONG-TERM LIABILITIES
Long-Term Debt $440.0K $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $440.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $223.9K $280.0K
Total Long-Term Liabilities $440.0K $0.00
Total Liabilities $660.1K $280.0K
YoY Change 135.77% 115.38%
SHAREHOLDERS EQUITY
Retained Earnings -$21.95M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$581.9K $320.0K
YoY Change
Total Liabilities & Shareholders Equity $78.26K $590.0K
YoY Change -86.74% -81.85%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income -$383.9K -$633.9K
YoY Change -39.43% -11.96%
Depreciation, Depletion And Amortization $0.00 $120.0K
YoY Change -100.0% 0.0%
Cash From Operating Activities -$216.3K -$420.0K
YoY Change -48.49% -32.26%
INVESTING ACTIVITIES
Capital Expenditures $210.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$210.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 188.1K
YoY Change
NET CHANGE
Cash From Operating Activities -216.3K -420.0K
Cash From Investing Activities -210.0 0.000
Cash From Financing Activities 188.1K
Net Change In Cash -28.41K -420.0K
YoY Change -93.23% -32.26%
FREE CASH FLOW
Cash From Operating Activities -$216.3K -$420.0K
Capital Expenditures $210.00
Free Cash Flow -$216.5K -$420.0K
YoY Change -48.44% -32.26%

Facts In Submission

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CY2017Q1 us-gaap Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 107.7pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -93.5pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">(c) &nbsp;&nbsp;&nbsp; Revenue recognition:</div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Trophy Bingo and Garfield's Bingo revenues have been recognized from the sale of in-game purchases, net of platform fees, at the time of purchase by the player. The revenue from in-game advertising is recognized when advertising is served to the player.</div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Advertising revenues, not generated in Trophy Bingo or Garfield's Bingo, have been recognized when collection of the amounts are reasonably assured.</div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Rooplay revenue have been recognized when collection of the subscriptions are reasonably assured and the provision of service has occurred.</div></div></div></div></div></div></div></div>
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 35.7pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -21.5pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">(b) &nbsp;&nbsp;&nbsp; Use of estimates:</div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The preparation of consolidated financial statements in conformity with US GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and recognized revenues and expenses for the reporting periods. </div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Significant areas requiring the use of estimates include the valuation of long-lived assets, the collectibility of accounts receivable, the valuation of promissory notes and the estimated market rate of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15%</div> and the valuation of deferred tax assets. Actual results <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may</div> differ significantly from these estimates.</div></div></div></div></div></div></div></div>
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
59708318
CY2016Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
56197703

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