$MGTI
MGT Capital Investments Inc

2014 Q3 Form 10-Q Financial Statement

#000114420414050158 Filed on August 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $1.000K $320.0K $67.00K
YoY Change -97.5% 377.61% 19.64%
Cost Of Revenue $0.00 $167.0K $20.00K
YoY Change -100.0% 735.0% -68.25%
Gross Profit $1.000K $153.0K $47.00K
YoY Change -101.28% 225.53% -771.43%
Gross Profit Margin 100.0% 47.81% 70.15%
Selling, General & Admin $1.411M $1.536M $3.078M
YoY Change -49.57% -50.1% 182.13%
% of Gross Profit 141100.0% 1003.92% 6548.94%
Research & Development $40.00K $53.00K $0.00
YoY Change -100.0%
% of Gross Profit 4000.0% 34.64% 0.0%
Depreciation & Amortization $190.0K $190.0K $90.00K
YoY Change 58.33% 111.11% 200.0%
% of Gross Profit 19000.0% 124.18% 191.49%
Operating Expenses $1.001M $1.680M $3.144M
YoY Change -64.55% -46.56% 179.96%
Operating Profit -$1.000M -$1.527M -$3.097M
YoY Change -65.54% -50.69% 174.07%
Interest Expense $0.00 $0.00 -$4.320M
YoY Change -100.0% -100.0% 508.45%
% of Operating Profit
Other Income/Expense, Net $2.000K $2.000K -$3.573M
YoY Change -87.5% -100.06% 403.95%
Pretax Income -$998.0K -$1.525M -$6.670M
YoY Change -65.42% -77.14% 262.7%
Income Tax $10.00K -$1.000K $0.00
% Of Pretax Income
Net Earnings -$1.381M -$1.391M -$6.579M
YoY Change -47.97% -78.86% 302.14%
Net Earnings / Revenue -138100.0% -434.69% -9819.4%
Basic Earnings Per Share
Diluted Earnings Per Share -$142.4K -$136.7K -$1.379M
COMMON SHARES
Basic Shares Outstanding 9.674M shares 9.140M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.200M $2.400M $6.300M
YoY Change -56.0% -61.9% 10.53%
Cash & Equivalents $2.205M $2.425M $6.348M
Short-Term Investments
Other Short-Term Assets $200.0K $200.0K $200.0K
YoY Change 100.0% 0.0% 100.0%
Inventory
Prepaid Expenses
Receivables $10.00K $0.00 $17.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.387M $2.700M $6.613M
YoY Change -54.12% -59.17% 14.02%
LONG-TERM ASSETS
Property, Plant & Equipment $48.00K $0.00 $53.00K
YoY Change 9.09% -100.0%
Goodwill $6.444M $4.972M
YoY Change 30.23%
Intangibles $2.736M $2.303M
YoY Change 9.97%
Long-Term Investments
YoY Change
Other Assets $4.000K $100.0K $2.000K
YoY Change 100.0% 4900.0% -99.67%
Total Long-Term Assets $9.370M $9.500M $8.119M
YoY Change 22.97% 17.01% 224.76%
TOTAL ASSETS
Total Short-Term Assets $2.387M $2.700M $6.613M
Total Long-Term Assets $9.370M $9.500M $8.119M
Total Assets $11.76M $12.20M $14.73M
YoY Change -8.31% -17.19% 77.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $209.0K $400.0K $347.0K
YoY Change 27.44% 15.27% 15.67%
Accrued Expenses $133.0K $100.0K $99.00K
YoY Change 133.33% 1.01% -90.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.240M $1.300M $946.0K
YoY Change 94.66% 37.42% -27.23%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $0.00
YoY Change -100.0%
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.240M $1.300M $946.0K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.240M $2.900M $946.0K
YoY Change 94.66% 206.55% -90.35%
SHAREHOLDERS EQUITY
Retained Earnings -$297.7M -$289.1M
YoY Change 2.03%
Common Stock $307.9M $300.6M
YoY Change 2.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.934M $9.300M $11.17M
YoY Change
Total Liabilities & Shareholders Equity $11.76M $12.20M $14.73M
YoY Change -8.31% -17.19% 77.49%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$1.381M -$1.391M -$6.579M
YoY Change -47.97% -78.86% 302.14%
Depreciation, Depletion And Amortization $190.0K $190.0K $90.00K
YoY Change 58.33% 111.11% 200.0%
Cash From Operating Activities -$1.170M -$1.040M -$1.040M
YoY Change -41.5% 0.0% 67.74%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K $20.00K -$210.0K
YoY Change -90.0% -109.52%
Acquisitions
YoY Change
Other Investing Activities -$10.00K -$50.00K $1.880M
YoY Change -101.54% -102.66% -1040.0%
Cash From Investing Activities -$10.00K -$40.00K $1.670M
YoY Change -101.85% -102.4% -935.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 970.0K -1.150M 3.050M
YoY Change 546.67% -137.7% -2.56%
NET CHANGE
Cash From Operating Activities -1.170M -1.040M -1.040M
Cash From Investing Activities -10.00K -40.00K 1.670M
Cash From Financing Activities 970.0K -1.150M 3.050M
Net Change In Cash -210.0K -2.230M 3.680M
YoY Change -83.97% -160.6% 59.31%
FREE CASH FLOW
Cash From Operating Activities -$1.170M -$1.040M -$1.040M
Capital Expenditures -$10.00K $20.00K -$210.0K
Free Cash Flow -$1.160M -$1.060M -$830.0K
YoY Change -38.95% 27.71% 33.87%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2013Q4 us-gaap Assets
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us-gaap Use Of Estimates
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <i>Use of estimates and assumptions and critical accounting estimates and assumptions</i> &#160;&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 37.8pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The preparation of financial statements in conformity with US 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(s) of the financial statements and the reported amounts of revenues and expenses during the reporting period(s).</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 37.8pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Critical accounting estimates are estimates for which (a) the nature of the estimate is material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change and (b) the impact of the estimate on financial condition or operating performance is material. 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us-gaap Net Income Loss
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us-gaap Dividends Preferred Stock Stock
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us-gaap Dividends Preferred Stock Stock
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CY2013Q2 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
7000 USD
CY2014Q2 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
0 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5586000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2513000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6586000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1391000 USD
mgt Sale Of Stock Offering Price
SaleOfStockOfferingPrice
8500000 USD
mgt Manager Fee Percentage On Gross Sales Price
ManagerFeePercentageOnGrossSalesPrice
0.030 pure
CY2014Q2 us-gaap Restricted Cash And Investments
RestrictedCashAndInvestments
2563000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
786000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
486000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2913000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2423000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
745000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
745000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
582000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
417000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
384000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
41000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
130000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 USD
CY2013Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
78000 USD
CY2014Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
183000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
45000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
0 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
45000 USD
CY2014Q1 mgt Operating Leases Expenses For Rental Deposit Total
OperatingLeasesExpensesForRentalDepositTotal
3000 USD
CY2013Q2 mgt Operating Leases Expenses For Rental Deposit Total
OperatingLeasesExpensesForRentalDepositTotal
2000 USD
CY2011Q3 mgt Operating Leases Expenses For Rental Deposit Total
OperatingLeasesExpensesForRentalDepositTotal
240000 USD
CY2014Q1 us-gaap Lessor Leasing Arrangements Operating Leases Term Of Contract
LessorLeasingArrangementsOperatingLeasesTermOfContract
P6M
CY2013Q2 us-gaap Lessor Leasing Arrangements Operating Leases Term Of Contract
LessorLeasingArrangementsOperatingLeasesTermOfContract
P24M
CY2011Q3 us-gaap Lessor Leasing Arrangements Operating Leases Term Of Contract
LessorLeasingArrangementsOperatingLeasesTermOfContract
P39M
CY2014Q1 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2014-06-30
CY2013Q2 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2014-10-31
CY2011Q3 us-gaap Lease Expiration Date1
LeaseExpirationDate1
2014-11-30
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
44000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
62000 USD
CY2013Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
27000 USD
CY2014Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
32000 USD
mgt Warrants Term
WarrantsTerm
five-year
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
52667 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
85000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
48668 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
0 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
88999 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
5.20
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.88
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
4.67
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
0
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2.37
CY2013Q2 us-gaap Share Based Compensation
ShareBasedCompensation
346000 USD
CY2014Q2 us-gaap Share Based Compensation
ShareBasedCompensation
93000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
415000 shares
mgt Percentage Of Stockholder Incentive Stock Option Granted On Date Of Grant
PercentageOfStockholderIncentiveStockOptionGrantedOnDateOfGrant
0.1 pure
CY2014Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
174000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y2M16D
mgt Warrants Expiry Description
WarrantsExpiryDescription
all issued warrants are exercisable and expire through 2017.
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
24000 USD
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
790000 USD
us-gaap Depreciation
Depreciation
11000 USD
us-gaap Depreciation
Depreciation
21000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1208000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
243000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-2204000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-119000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
50000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
105000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
207000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-172000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-8000 USD
mgt Increase Decrease In Deposit Liability
IncreaseDecreaseInDepositLiability
0 USD
mgt Increase Decrease In Deposit Liability
IncreaseDecreaseInDepositLiability
-406000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
188000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
20000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-1813000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2458000 USD
mgt Release Of Restricted Cash And Cash Equivalents
ReleaseOfRestrictedCashAndCashEquivalents
2000000 USD
mgt Release Of Restricted Cash And Cash Equivalents
ReleaseOfRestrictedCashAndCashEquivalents
2000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
1671000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-75000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2905000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2217000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3443000 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6348000 USD
us-gaap Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
68000 USD
us-gaap Dividends Preferred Stock Paidinkind
DividendsPreferredStockPaidinkind
0 USD
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Registrant Name
EntityRegistrantName
MGT CAPITAL INVESTMENTS INC
dei Entity Central Index Key
EntityCentralIndexKey
0001001601
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Trading Symbol
TradingSymbol
MGT
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
9674431 shares
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
0 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
7000 USD
CY2013Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
0 USD
CY2014Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
7000 USD
us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
750000 USD
us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
0 USD
CY2013Q2 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
750000 USD
CY2014Q2 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
0 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.02
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.28
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.38
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
5472423 shares
CY2014Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
9057867 shares
mgt Warrant Expense
WarrantExpense
0 USD
mgt Warrant Expense
WarrantExpense
34000 USD
mgt Stock Based Compensation Modification Of Preferred Stock Warrants
StockBasedCompensationModificationOfPreferredStockWarrants
817000 USD
mgt Stock Based Compensation Modification Of Preferred Stock Warrants
StockBasedCompensationModificationOfPreferredStockWarrants
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24000 USD
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0 USD
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
547000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
600000 USD
CY2013Q2 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries
1500000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
-266000 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
32000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
3047000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
3047000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
316000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
27000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
0 USD
mgt Noncash Or Part Noncash Acquisition Security Deposit
NoncashOrPartNoncashAcquisitionSecurityDeposit
2000 USD
mgt Noncash Or Part Noncash Acquisition Security Deposit
NoncashOrPartNoncashAcquisitionSecurityDeposit
0 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
32000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
440000 USD
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
790000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
4972000 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
145000 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
0 USD
CY2014Q1 us-gaap Security Deposit
SecurityDeposit
3000 USD
CY2013Q2 us-gaap Security Deposit
SecurityDeposit
2000 USD
CY2011Q3 us-gaap Security Deposit
SecurityDeposit
39000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
316000 USD
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
547000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
100000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
mgt Shares Issuance Description
SharesIssuanceDescription
The Shares sold in the offering will be issued pursuant to the Companys effective shelf registration statement on Form S3 (File No. 333182298) previously filed with the Securities and Exchange Commission (the SEC) in accordance with the provisions of the Securities Act of 1933, as amended (the Securities Act), as supplemented by a prospectus supplement dated December 30, 2013 for the sale of up to $8.5 million of Shares, which the Company filed with the SEC pursuant to Rule 424(b)(5) under the Securities Act.
us-gaap Business Acquisition Date Of Acquisition Agreement1
BusinessAcquisitionDateOfAcquisitionAgreement1
2014-04-07
CY2014Q2 mgt Warrant Issuance Costs
WarrantIssuanceCosts
34000 USD

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