$MITK
MITEK SYSTEMS INC

2013 Form 10-K Financial Statement

#000119312513471705 Filed on December 12, 2013

View on sec.gov

Income Statement

Concept 2013 2012 Q3 2012
Revenue $14.80M $1.220M $9.093M
YoY Change 62.8% -59.87% -11.43%
Cost Of Revenue $1.600M $290.0K $1.300M
YoY Change 23.08% 7.41% 8.33%
Gross Profit $13.20M $930.0K $7.800M
YoY Change 69.23% -66.43% -14.29%
Gross Profit Margin 89.17% 76.23% 85.78%
Selling, General & Admin $13.71M $2.320M $9.046M
YoY Change 51.51% 17.77% 54.85%
% of Gross Profit 103.83% 249.46% 115.97%
Research & Development $6.793M $1.640M $6.664M
YoY Change 1.94% 59.22% 122.42%
% of Gross Profit 51.47% 176.34% 85.44%
Depreciation & Amortization $323.4K $40.00K $232.0K
YoY Change 39.4% -20.0% 29.39%
% of Gross Profit 2.45% 4.3% 2.97%
Operating Expenses $20.50M $3.950M $15.71M
YoY Change 30.49% 32.11% 77.76%
Operating Profit -$7.300M -$3.020M -$7.881M
YoY Change -7.38% 1272.73% -3173.8%
Interest Expense $0.00 $10.00K $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net $24.91K $37.16K
YoY Change -32.97% -109.81%
Pretax Income -$7.275M -$3.010M -$7.844M
YoY Change -7.26% 1268.18% 6299.87%
Income Tax $1.076K $0.00 -$4.008K
% Of Pretax Income
Net Earnings -$7.276M -$3.010M -$7.840M
YoY Change -7.2% 1268.18% 6169.14%
Net Earnings / Revenue -49.15% -246.72% -86.22%
Basic Earnings Per Share -$0.26 -$0.31
Diluted Earnings Per Share -$0.26 -$118.1K -$0.31
COMMON SHARES
Basic Shares Outstanding 27.49M 25.12M shares
Diluted Shares Outstanding 27.49M 25.12M shares

Balance Sheet

Concept 2013 2012 Q3 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.00M $12.50M $12.50M
YoY Change 132.0% -20.89% -20.89%
Cash & Equivalents $23.30M $6.702M $6.700M
Short-Term Investments $5.700M $5.800M $5.800M
Other Short-Term Assets $700.0K $485.2K $500.0K
YoY Change 40.0% 385.17% 400.0%
Inventory
Prepaid Expenses
Receivables $1.500M $1.097M $1.100M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $31.20M $14.10M $14.10M
YoY Change 121.28% -26.16% -26.18%
LONG-TERM ASSETS
Property, Plant & Equipment $1.600M $491.1K $500.0K
YoY Change 220.0% 145.54% 150.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.100M $2.100M
YoY Change 425.0% 425.0%
Other Assets $0.00 $42.05K $0.00
YoY Change
Total Long-Term Assets $1.700M $2.619M $2.600M
YoY Change -34.62% 227.35% 225.0%
TOTAL ASSETS
Total Short-Term Assets $31.20M $14.10M $14.10M
Total Long-Term Assets $1.700M $2.619M $2.600M
Total Assets $32.90M $16.72M $16.70M
YoY Change 97.01% -15.97% -16.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.900M $712.0K $700.0K
YoY Change 171.43% 77.99% 75.0%
Accrued Expenses $1.500M $700.0K $700.0K
YoY Change 114.29% 40.0% 40.0%
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 $5.800M $3.103M $3.100M
YoY Change 87.1% 72.37% 72.22%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.300M $63.59K $100.0K
YoY Change 1200.0%
Total Long-Term Liabilities $1.300M $63.59K $100.0K
YoY Change 1200.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.800M $3.103M $3.100M
Total Long-Term Liabilities $1.300M $63.59K $100.0K
Total Liabilities $7.100M $3.166M $3.200M
YoY Change 121.88% 75.9% 77.78%
SHAREHOLDERS EQUITY
Retained Earnings -$23.46M
YoY Change
Common Stock $26.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.70M $13.56M $13.60M
YoY Change
Total Liabilities & Shareholders Equity $32.90M $16.72M $16.70M
YoY Change 97.01% -15.97% -16.08%

Cashflow Statement

Concept 2013 2012 Q3 2012
OPERATING ACTIVITIES
Net Income -$7.276M -$3.010M -$7.840M
YoY Change -7.2% 1268.18% 6169.14%
Depreciation, Depletion And Amortization $323.4K $40.00K $232.0K
YoY Change 39.4% -20.0% 29.39%
Cash From Operating Activities -$615.1K -$750.0K -$1.779M
YoY Change -65.42% 7400.0% -662.6%
INVESTING ACTIVITIES
Capital Expenditures $1.497M -$130.0K $339.7K
YoY Change 340.81% 44.44% 66.24%
Acquisitions
YoY Change
Other Investing Activities $2.070M $1.290M $2.450M
YoY Change -15.51% -115.73% -123.09%
Cash From Investing Activities $570.9K $1.160M $2.108M
YoY Change -72.92% -113.98% -119.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $16.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.64M 100.0K 717.4K
YoY Change 2219.1% -266.67% -95.17%
NET CHANGE
Cash From Operating Activities -615.1K -750.0K -1.779M
Cash From Investing Activities 570.9K 1.160M 2.108M
Cash From Financing Activities 16.64M 100.0K 717.4K
Net Change In Cash 16.59M 510.0K 1.046M
YoY Change 1485.7% -106.09% -75.95%
FREE CASH FLOW
Cash From Operating Activities -$615.1K -$750.0K -$1.779M
Capital Expenditures $1.497M -$130.0K $339.7K
Free Cash Flow -$2.113M -$620.0K -$2.118M
YoY Change -0.28% -875.0% -1994.71%

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603202
CY2013Q3 mitk Number Of Financial Institutions That Signed Agreement
NumberOfFinancialInstitutionsThatSignedAgreement
1420 Institution
CY2013Q3 mitk Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Unvested Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndUnvestedWeightedAverageExercisePrice
4.09
CY2013Q3 mitk Tenant Improvement Allowances
TenantImprovementAllowances
675690
CY2013Q3 mitk Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Unvested Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndUnvestedAggregateIntrinsicValue
5999673
CY2013Q3 mitk Number Of Domestic Retail Banks And Payment Processing Companies
NumberOfDomesticRetailBanksAndPaymentProcessingCompanies
33 Companies
CY2013Q3 mitk Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
540
CY2013Q3 mitk Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
2378
CY2009Q4 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
337501 shares
CY2010 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y2M16D
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
shares
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21506508 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.93 pure
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.53
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
976531 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21506508 shares
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.57
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M24D
CY2011 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
shares
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
CY2011 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
21506508 shares
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.70
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
316168
CY2011 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.01
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0026 pure
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
942639 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
763094 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
14316 shares
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4986093 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0226 pure
CY2011 us-gaap Revenues
Revenues
10265975
CY2011 us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
2143231
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-134912
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-122565
CY2011 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-378963
CY2011 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
37917
CY2011 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
10531
CY2011 us-gaap Licenses Revenue
LicensesRevenue
8122744
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
220297
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
2492
CY2011 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-181873
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
256398
CY2011 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
10614723
CY2011 us-gaap Interest Paid
InterestPaid
5333
CY2011 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1154634
CY2011 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-1750036
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-125057
CY2011 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
1063926
CY2011 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1271238
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
14595366
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
204358
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-9855
CY2011 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-18378
CY2011 us-gaap Costs And Expenses
CostsAndExpenses
10009577
CY2011 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
389494
CY2011 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
299478
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3431023
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14853580
CY2011 us-gaap Paid In Kind Interest
PaidInKindInterest
384124
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-18388
CY2011 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
43115
CY2011 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-2533
CY2011 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
41858
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4731689
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
1271238
CY2011 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
15340
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4350667
CY2011 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2410711
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2492
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
80979
CY2011 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
130393
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
14595366
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-42519
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10819081
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2996109
CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
798
CY2011 us-gaap Other Cost Of Services
OtherCostOfServices
509654
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
258214
CY2011 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
179291
CY2011 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
53945
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2492
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1271238
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
288041
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
CY2011 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0
CY2011 us-gaap License Costs
LicenseCosts
662080
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2492
CY2011 mitk Conversion Of Debt To Common Stock
ConversionOfDebtToCommonStock
1063926
CY2011 mitk Share Based Compensation Arrangements By Share Based Payment Award Non Option Equity Instruments Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisesInPeriodWeightedAverageExercisePrice
0.83
CY2011 mitk Cashless Exercise Of Options And Warrants
CashlessExerciseOfOptionsAndWarrants
859
CY2011 mitk Percentage Of Vendor Comprising Of Overall Purchases
PercentageOfVendorComprisingOfOverallPurchases
0.10 pure
CY2011 mitk Advertising Costs
AdvertisingCosts
76026
CY2011 mitk Depreciation And Amortization Expense
DepreciationAndAmortizationExpense
42133
CY2013 dei Trading Symbol
TradingSymbol
MITK
CY2013 dei Entity Registrant Name
EntityRegistrantName
MITEK SYSTEMS INC
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000807863
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P7Y3M15D
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P5Y
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
shares
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
CY2013 us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
2.07 pure
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27492670 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.75 pure
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
7.26
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y3M15D
CY2013 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
shares
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y3M18D
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
27492670 shares
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
3.63
CY2013 us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.0219 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-615061
CY2013 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.26
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.90
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
651563 shares
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M23D
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27492670 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0018 pure
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1103582 shares
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Reclassifications</i></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications do not impact the reported net loss and do not have a material impact on the presentation of the overall financial statements.</font></p> </div>
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
235303 shares
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3524135 shares
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Use of Estimates</i></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses and related disclosure of contingent assets and liabilities. On an ongoing basis, management reviews its estimates based upon currently available information. Actual results could differ materially from those estimates.</font></p> </div>
CY2013 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Deferred Revenue</i></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Deferred revenues represent advance payments or billings for software licenses, professional services and maintenance billed in advance of the time we recognize the related revenues. Deferred maintenance revenue represents customer billings, paid up front, generally annually at the beginning of each maintenance period, with revenue recognized ratably over such period. For certain other licensing arrangements, revenue attributable to undelivered elements, including post-contract customer support which typically includes telephone support and the right to receive unspecified upgrades and enhancements of software on a when-and-if-available basis, is based upon the sales price of those elements when sold separately and is recognized ratably on a straight-line basis over the term of the arrangement.</font></p> </div>
CY2013 us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0.00 pure
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0120 pure
CY2013 us-gaap Revenues
Revenues
14803185
CY2013 us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
4086680
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7273252
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7274630
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1097
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
24908
CY2013 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
31770
CY2013 us-gaap Licenses Revenue
LicensesRevenue
10716505
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
714469
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
1076
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-213653
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-7299538
CY2013 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
4058975
CY2013 us-gaap Interest Paid
InterestPaid
8093
CY2013 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1245196
CY2013 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
1968988
CY2013 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-391543
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-7275706
CY2013 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
16914
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2791862
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
16004797
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1497492
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2454
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
22102723
CY2013 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
6862
CY2013 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
728522
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7853264
CY2013 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
182162
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16636539
CY2013 us-gaap Paid In Kind Interest
PaidInKindInterest
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1968987
CY2013 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
97532
CY2013 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0
CY2013 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
868251
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1214572
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3832374
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
2791862
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-5773
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
16592366
CY2013 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
5852448
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1076
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-43376
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1163959
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
16004797
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2473374
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
36621
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
570888
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6793412
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
548839
CY2013 us-gaap Other Cost Of Services
OtherCostOfServices
858757
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
648656
CY2013 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
323383
CY2013 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1076
CY2013 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
95388
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2791862
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1076
CY2013 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
6090734
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
379529
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
CY2013 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0
CY2013 us-gaap License Costs
LicenseCosts
744842
CY2013 mitk Maturity Of Short Term Investments
MaturityOfShortTermInvestments
Greater than 90 days and less than one year
CY2013 mitk Percentage Effect Of Lease Amendment Increase Or Decrease In Rent
PercentageEffectOfLeaseAmendmentIncreaseOrDecreaseInRent
0.03 pure
CY2013 mitk Operating Loss Carryforwards Expiration Start Year
OperatingLossCarryforwardsExpirationStartYear
2018
CY2013 mitk Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Unvested Weighted Average Remaining Contractual Term1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndUnvestedWeightedAverageRemainingContractualTerm1
P7Y3M15D
CY2013 mitk Net State Operating Loss Carryforwards Expiry Period Beginning Year
NetStateOperatingLossCarryforwardsExpiryPeriodBeginningYear
2013
CY2013 mitk Share Based Compensation Arrangements By Share Based Payment Award Non Option Equity Instruments Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisesInPeriodWeightedAverageExercisePrice
CY2013 mitk Research And Development Credits Expiry Period Beginning Year
ResearchAndDevelopmentCreditsExpiryPeriodBeginningYear
2023
CY2013 mitk Investments Maturity Period
InvestmentsMaturityPeriod
P1Y
CY2013 mitk Cashless Exercise Of Options And Warrants
CashlessExerciseOfOptionsAndWarrants
125
CY2013 mitk Effect Of Lease Amendment Increase Or Decrease In Rent
EffectOfLeaseAmendmentIncreaseOrDecreaseInRent
471000
CY2013 mitk Share Based Compensation Arrangement By Share Based Payment Award Options Vested Weighted Average Remaining Contractual Term1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedWeightedAverageRemainingContractualTerm1
P6Y18D
CY2013 mitk Tax Benefit Is Measured Based On Largest Benefit
TaxBenefitIsMeasuredBasedOnLargestBenefit
Greater than 50%
CY2013 mitk Percentage Of Vendor Comprising Of Overall Purchases
PercentageOfVendorComprisingOfOverallPurchases
0.10 pure
CY2013 mitk Share Based Compensation Arrangement By Share Based Payment Award Options Vested Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedWeightedAverageExercisePrice
3.26
CY2013 mitk Maturity Of Long Term Investments
MaturityOfLongTermInvestments
Greater than one year
CY2013 mitk Share Based Compensation Arrangement By Share Based Payment Award Options Unvested Weighted Average Remaining Contractual Term1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsUnvestedWeightedAverageRemainingContractualTerm1
P8Y7M10D
CY2013 mitk Advertising Costs
AdvertisingCosts
123905
CY2013 mitk Depreciation And Amortization Expense
DepreciationAndAmortizationExpense
323383
CY2013 mitk Short Term Investments Maturity Period
ShortTermInvestmentsMaturityPeriod
Three months or less
CY2013 mitk Deferred Software Maintenance Fees Amortization Period
DeferredSoftwareMaintenanceFeesAmortizationPeriod
P1Y
CY2013 mitk Settlement Of Restricted Stock Units Value
SettlementOfRestrictedStockUnitsValue
-65813
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
shares
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.31
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25124179 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.10 pure
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.41
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.31
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y5M16D
CY2012 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
shares
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
25124179 shares
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.54
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1778764
CY2012 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.31
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.81
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1095750 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25124179 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0035 pure
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1812215 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Forfeitures And Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresAndExpirations
shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
125522 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
325153 shares
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4034787 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0106 pure
CY2012 us-gaap Revenues
Revenues
9092683
CY2012 us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
2706322
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7830757
CY2012 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
95388
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7844004
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
37160
CY2012 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
44384
CY2012 us-gaap Licenses Revenue
LicensesRevenue
6386361
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
732287
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
800
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-180367
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
-7881164
CY2012 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
12187523
CY2012 us-gaap Interest Paid
InterestPaid
10397
CY2012 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0
CY2012 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
2247615
CY2012 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1862555
CY2012 us-gaap Net Income Loss
NetIncomeLoss
-7839996
CY2012 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
14916
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2599858
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
339715
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
9239
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
16973847
CY2012 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
7224
CY2012 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
230956
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5595843
CY2012 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
261398
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
717371
CY2012 us-gaap Paid In Kind Interest
PaidInKindInterest
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2247615
CY2012 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
57815
CY2012 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0
CY2012 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-53476
CY2012 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
758855
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
14215750
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
2599858
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-3571
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1046374
CY2012 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3450054
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
800
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-392195
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
353043
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2666961
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2107767
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6664030
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
807533
CY2012 us-gaap Other Cost Of Services
OtherCostOfServices
723599
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
732287
CY2012 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
231981
CY2012 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-4008
CY2012 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
95388
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2599858
CY2012 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
14635005
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
335946
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-4808
CY2012 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
0
CY2012 us-gaap License Costs
LicenseCosts
540321
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4008
CY2012 mitk Maturity Of Short Term Investments
MaturityOfShortTermInvestments
Greater than 90 days and less than one year
CY2012 mitk Share Based Compensation Arrangements By Share Based Payment Award Non Option Equity Instruments Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisesInPeriodWeightedAverageExercisePrice
0.91
CY2012 mitk Cashless Exercise Of Options And Warrants
CashlessExerciseOfOptionsAndWarrants
410
CY2012 mitk Percentage Of Vendor Comprising Of Overall Purchases
PercentageOfVendorComprisingOfOverallPurchases
0.10 pure
CY2012 mitk Maturity Of Long Term Investments
MaturityOfLongTermInvestments
Greater than one year
CY2012 mitk Advertising Costs
AdvertisingCosts
72053
CY2012 mitk Depreciation And Amortization Expense
DepreciationAndAmortizationExpense
140146

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