2012 Q1 Form 10-Q Financial Statement
#000074621012000004 Filed on May 10, 2012
Income Statement
| Concept | 2012 Q1 | 2011 Q1 |
|---|---|---|
| Revenue | $6.746M | $6.981M |
| YoY Change | -3.37% | 7.07% |
| Cost Of Revenue | $3.770M | $4.310M |
| YoY Change | -12.53% | -11.86% |
| Gross Profit | $2.970M | $2.680M |
| YoY Change | 10.82% | 64.42% |
| Gross Profit Margin | 44.03% | 38.39% |
| Selling, General & Admin | $2.336M | $2.328M |
| YoY Change | 0.34% | 15.82% |
| % of Gross Profit | 78.65% | 86.87% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $440.0K | $280.0K |
| YoY Change | 57.14% | 3.7% |
| % of Gross Profit | 14.81% | 10.45% |
| Operating Expenses | $2.336M | $2.328M |
| YoY Change | 0.34% | 2.11% |
| Operating Profit | $198.0K | $71.00K |
| YoY Change | 178.87% | -110.92% |
| Interest Expense | $11.00K | $18.00K |
| YoY Change | -38.89% | -145.0% |
| % of Operating Profit | 5.56% | 25.35% |
| Other Income/Expense, Net | -$26.00K | -$33.00K |
| YoY Change | -21.21% | |
| Pretax Income | $170.0K | $40.00K |
| YoY Change | 325.0% | -105.8% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | 0.0% | 0.0% |
| Net Earnings | $172.0K | $32.00K |
| YoY Change | 437.5% | -105.25% |
| Net Earnings / Revenue | 2.55% | 0.46% |
| Basic Earnings Per Share | $0.01 | $0.00 |
| Diluted Earnings Per Share | $0.01 | $0.00 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 24.35M shares | 20.67M shares |
| Diluted Shares Outstanding | 25.72M shares | 24.70M shares |
Balance Sheet
| Concept | 2012 Q1 | 2011 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $2.000M | $1.500M |
| YoY Change | 33.33% | -50.0% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $300.0K | $500.0K |
| YoY Change | -40.0% | 0.0% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $2.563M | $2.900M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $4.893M | $4.900M |
| YoY Change | -0.14% | -28.99% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $4.385M | $3.300M |
| YoY Change | 32.88% | 22.22% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $31.00K | $100.0K |
| YoY Change | -69.0% | |
| Total Long-Term Assets | $4.416M | $3.400M |
| YoY Change | 29.88% | 25.93% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $4.893M | $4.900M |
| Total Long-Term Assets | $4.416M | $3.400M |
| Total Assets | $9.309M | $8.300M |
| YoY Change | 12.16% | -13.54% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.122M | $2.500M |
| YoY Change | -55.12% | -28.57% |
| Accrued Expenses | $864.0K | $1.700M |
| YoY Change | -49.18% | -10.53% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $900.0K | $800.0K |
| YoY Change | 12.5% | |
| Total Short-Term Liabilities | $3.823M | $5.400M |
| YoY Change | -29.2% | -10.0% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $300.0K | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $288.0K | $0.00 |
| YoY Change | -100.0% | |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $3.823M | $5.400M |
| Total Long-Term Liabilities | $288.0K | $0.00 |
| Total Liabilities | $4.111M | $5.400M |
| YoY Change | -23.87% | -12.9% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$164.5M | |
| YoY Change | ||
| Common Stock | $159.4M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $5.198M | $2.900M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $9.309M | $8.300M |
| YoY Change | 12.16% | -13.54% |
Cashflow Statement
| Concept | 2012 Q1 | 2011 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $172.0K | $32.00K |
| YoY Change | 437.5% | -105.25% |
| Depreciation, Depletion And Amortization | $440.0K | $280.0K |
| YoY Change | 57.14% | 3.7% |
| Cash From Operating Activities | $365.0K | -$103.0K |
| YoY Change | -454.37% | 47.14% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $109.0K | $441.0K |
| YoY Change | -75.28% | -242.26% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $10.00K | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | -$98.00K | -$441.0K |
| YoY Change | -77.78% | 42.26% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -$36.00K | $0.00 |
| YoY Change | -100.0% | |
| NET CHANGE | ||
| Cash From Operating Activities | $365.0K | -$103.0K |
| Cash From Investing Activities | -$98.00K | -$441.0K |
| Cash From Financing Activities | -$36.00K | $0.00 |
| Net Change In Cash | $231.0K | -$544.0K |
| YoY Change | -142.46% | -122.67% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $365.0K | -$103.0K |
| Capital Expenditures | $109.0K | $441.0K |
| Free Cash Flow | $256.0K | -$544.0K |
| YoY Change | -147.06% | -326.67% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1382000 | USD |
| CY2012Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1122000 | USD |
| CY2011Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
2520000 | USD |
| CY2012Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
2563000 | USD |
| CY2012Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
864000 | USD |
| CY2011Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1024000 | USD |
| CY2012Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
159425000 | USD |
| CY2011Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
159339000 | USD |
| CY2012Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
79000 | USD |
| CY2012Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
146000 | USD |
| CY2011Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
147000 | USD |
| CY2011Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
15000 | USD |
| CY2012Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
15000 | USD |
| CY2012Q1 | us-gaap |
Assets
Assets
|
9309000 | USD |
| CY2011Q4 | us-gaap |
Assets
Assets
|
9465000 | USD |
| CY2012Q1 | us-gaap |
Assets Current
AssetsCurrent
|
4893000 | USD |
| CY2011Q4 | us-gaap |
Assets Current
AssetsCurrent
|
4668000 | USD |
| CY2012Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">The Business</font></div><div style="line-height:120%;padding-bottom:21px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Glowpoint, Inc. (“Glowpoint” or “we” or “us” or the “Company”) is a provider of cloud managed video services and a “pure play” service provider in the video space. We are dedicated to exclusively providing hosted or managed services to the enterprise users of video conferencing and telepresence, and not making, selling or reselling hardware or software solutions for video. Our services, delivered via our cloud-based OpenVideo™ platform, are securely accessible via any network (private or public) and are technology-agnostic. The Company pursues its recurring revenue business model by delivering services to more than 500 different enterprises in over 35 countries supporting thousands of video endpoints, immersive telepresence rooms, and infrastructure for business-quality, real-time, two-way visual communications. </font></div><div style="line-height:120%;padding-bottom:21px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Glowpoint provides wholesale programs and private-labeled resale options for hardware manufacturers, network operators and systems integrators seeking to offer video services as a value-added addition to their collaboration and communications offerings. The Company maintains multiple strategic partnerships that are core to its global sales strategy.</font></div><div style="line-height:120%;padding-bottom:21px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Glowpoint, a Delaware corporation, was formed in May 2000. The Company operates in one segment and therefore segment information is not presented.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Glowpoint's services are categorized as follows:</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Monitoring & Management Services and Collaboration Services (“Managed Services Combined”). </font><font style="font-family:inherit;font-size:10pt;">We provide end-to-end cloud managed services for telepresence, conference room, desktop, mobile solutions, and video infrastructure. We have a team of video experts utilizing the latest in remote management technologies, with Video Network Operations Centers (VNOCs) and Points-of-Presence (PoPs) all over the world.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We offer a complete portfolio of remote monitoring & management services that can help make video more widely available, improve up-time, drive higher usage, off-load IT teams, or all of the above. Our service packages can be customized to suit the needs of the business, whether for a large enterprise, small or medium sized business.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All of Glowpoint's unique features and services have been designed so that the entire suite can be private labeled by other service providers or companies who want to integrate video communications into their existing products quickly and cost effectively. Glowpoint will provide all of the video infrastructure and support, including customer portals and billing applications, as a private label service for a third party. This means that our services are branded with the other company's name, logo and other information, our live operators answer calls using the other company's name, and the other company's end user customers view the service as provided by that other company even though it is actually “powered by Glowpoint.” Glowpoint has been involved in a number of private label opportunities, branding various services for multiple strategic global partners. Many strategic global companies in the unified communications industry have recognized Glowpoint's value to their own sales and marketing efforts.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Glowpoint's collaboration services, hosted via the OpenVideo™ cloud, are designed to connect video users all over the world whether they are on immersive telepresence, conference room, desktop or mobile devices. Customers that are registered to the OpenVideo™ cloud can connect to any other customer in the OpenVideo™ cloud and get access to Glowpoint's full suite of cloud managed video services, including the Virtual Video Room, video bridging, and webcasting services.</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Network Services.</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">In order to provide customers with access to the OpenVideo™ cloud, Glowpoint maintains a dedicated video overlay network. With our network services, we provide customers with the flexibility to either source the entire network from a single provider, maintain existing network and extend a logical connection to the OpenVideo™ cloud or bring bandwidth to OpenVideo™ datacenters. Although a declining component of our revenue stream, we believe that network services will continue to be an integral part of our revenue mix in the future, driven by new connectivity needs to connect and peer with Glowpoint's OpenVideo™ cloud. </font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Professional and other services. </font><font style="font-family:inherit;font-size:10pt;">As with technology hosting and management services, we sought new revenue sources using our network and video engineering capabilities. With the growing interest in convergence and the desire by some enterprises to add the transport of video to their enterprise networks, we have provided professional services and believe the market for such services is growing. Additionally, our extensive knowledge of all leading video conferencing equipment makes our video engineers a valuable resource for manufacturers on an outsourced basis. While our primary focus is generating monthly recurring revenue from our subscription services, our professional services have been a valuable lead for video communication opportunities leading to sales of our managed video services.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have bundled certain components of our managed services to offer video communication solutions for broadcast/media content acquisition and event services. Customers have used our managed video services during events to cost-effectively acquire video content for broadcasters, cable companies and other media enterprises, especially in the sports, news and entertainment industries. While it includes our core managed video services, IP-based broadcasting and event services require more project management and dedicated operational and engineering personnel than our standard subscription services. Rather than using an expensive satellite feed, companies can acquire broadcast-quality standard definition footage at a fraction of the cost from Glowpoint over a dedicated IP connection. Since 2002, we have provided this service to ESPN during the professional football and basketball drafts. ESPN has used our service for interviews from team locations with coaches, players and analysts during their coverage. In 2007, we launched a High Definition (HD) content acquisition solution that we branded TeamCamHD and RemoteCamHD. This offering provides two-way HD video communication for content acquisition from remote locations. Glowpoint now provides a full suite of HD solutions for the broadcast, entertainment and media industry and is considered a high-quality alternative to the traditional means of acquiring content in many applications, including interviews and even full motion video.</font></div><div style="line-height:120%;padding-bottom:21px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Liquidity </font></div><div style="line-height:120%;padding-bottom:21px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the three months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2012</font><font style="font-family:inherit;font-size:10pt;">, we had net income of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$172,000</font><font style="font-family:inherit;font-size:10pt;"> and a positive cash flow from operations of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$365,000</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2012</font><font style="font-family:inherit;font-size:10pt;">, we had </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2,049,000</font><font style="font-family:inherit;font-size:10pt;"> of cash, positive working capital of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1,070,000</font><font style="font-family:inherit;font-size:10pt;"> and an accumulated deficit of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$164,527,000</font><font style="font-family:inherit;font-size:10pt;">. In June 2010, the Company entered into a Revolving Loan Facility (as discussed in Note 10) pursuant to which the Company may borrow up to $5,000,000 for working capital purposes and under which we had unused borrowing availability of approximately $1,626,000 as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2012</font><font style="font-family:inherit;font-size:10pt;">. The Revolving Loan Facility matures in June 2012 and the Company is currently in renewal discussions. In addition, pursuant to the terms of our Series A-2 Preferred Stock and Series B-1 Preferred Stock, the Company will not be obligated to pay dividends until January 2013. We also reached settlements regarding a majority of the liability for which we had accrued sales and use taxes and regulatory fees. Based primarily on our efforts to manage costs, our new Revolving Loan Facility, the elimination of dividends until January 2013, along with our cash flow projection, the Company believes that it has, and will have, sufficient cash flow to fund its operations through at least June 30, 2013. We have historically been able to raise capital in private placements as needed to fund operations and provide growth capital. There can be no assurances, however, that we will be able to raise additional capital as may be needed or upon acceptable terms, or that current economic conditions will not negatively impact us. If the current economic conditions negatively impact us and we are unable to raise additional capital that may be needed on terms acceptable to us, it could have a material adverse effect on the Company. </font></div><div style="line-height:120%;padding-bottom:21px;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Quarterly Financial Information and Results of Operations</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The condensed consolidated financial statements as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2012</font><font style="font-family:inherit;font-size:10pt;"> and for the three months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2012</font><font style="font-family:inherit;font-size:10pt;"> and 2011 are unaudited and, in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the financial position as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2012</font><font style="font-family:inherit;font-size:10pt;">, and the results of operations for the three months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2012</font><font style="font-family:inherit;font-size:10pt;"> and 2011, the statement of stockholders’ equity for the three months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2012</font><font style="font-family:inherit;font-size:10pt;"> and the statement of cash flows for the three months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2012</font><font style="font-family:inherit;font-size:10pt;"> and 2011. The results for the three months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March 31, 2012</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of the results to be expected for the entire year. While management of the Company believes that the disclosures presented are adequate to make the information not misleading, these condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the footnotes thereto for the fiscal year ended December 31, 2011 as filed with the Securities and Exchange Commission with our Form 10-K on March 8, 2012 (the “Audited 2011 Financial Statements”).</font></div></div> | |
| CY2011Q4 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
177000 | USD |
| CY2012Q1 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
180000 | USD |
| CY2012Q1 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
288000 | USD |
| CY2011Q4 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
334000 | USD |
| CY2012Q1 | us-gaap |
Cash
Cash
|
2049000 | USD |
| CY2011Q4 | us-gaap |
Cash
Cash
|
1818000 | USD |
| CY2011Q1 | us-gaap |
Cash
Cash
|
1491000 | USD |
| CY2010Q4 | us-gaap |
Cash
Cash
|
2035000 | USD |
| CY2011Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-544000 | USD |
| CY2012Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
231000 | USD |
| CY2012Q1 | us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
-50000 | USD |
| CY2011Q1 | us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
41000 | USD |
| CY2011Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2012Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2011Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
150000000 | shares |
| CY2012Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
150000000 | shares |
| CY2011Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
25180000 | shares |
| CY2012Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
25685750 | shares |
| CY2011Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
25180000 | shares |
| CY2012Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
25685750 | shares |
| CY2012Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
3000 | USD |
| CY2011Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
3000 | USD |
| CY2012Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
6548000 | USD |
| CY2011Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
6910000 | USD |
| CY2012Q1 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
167000 | USD |
| CY2011Q4 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
139000 | USD |
| CY2012Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
31000 | USD |
| CY2011Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.00 | |
| CY2012Q1 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.01 | |
| CY2012Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | USD |
| CY2011Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-6000 | USD |
| CY2012Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.00 | |
| CY2012Q1 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
203000 | USD |
| CY2011Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
235000 | USD |
| CY2012Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
440000 | USD |
| CY2011Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
276000 | USD |
| CY2011Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
| CY2012Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
| CY2011Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
| CY2012Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
| CY2012Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-11000 | USD |
| CY2011Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | USD |
| CY2011Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1407000 | USD |
| CY2012Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1350000 | USD |
| CY2011Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
38000 | USD |
| CY2012Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
172000 | USD |
| CY2011Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.00 | |
| CY2012Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.01 | |
| CY2011Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.00 | |
| CY2012Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.00 | |
| CY2011Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-0.00 | |
| CY2011Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
168000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-259000 | USD |
| CY2011Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
213000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
64000 | USD |
| CY2011Q1 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
-69000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
28000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-32000 | USD |
| CY2011Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
28000 | USD |
| CY2011Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-12000 | USD |
| CY2012Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-49000 | USD |
| CY2011Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
91000 | USD |
| CY2011Q1 | us-gaap |
Interest Expense
InterestExpense
|
18000 | USD |
| CY2012Q1 | us-gaap |
Interest Expense
InterestExpense
|
11000 | USD |
| CY2012Q1 | us-gaap |
Interest Paid
InterestPaid
|
11000 | USD |
| CY2011Q1 | us-gaap |
Interest Paid
InterestPaid
|
18000 | USD |
| CY2011Q4 | us-gaap |
Liabilities
Liabilities
|
4525000 | USD |
| CY2012Q1 | us-gaap |
Liabilities
Liabilities
|
4111000 | USD |
| CY2011Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9465000 | USD |
| CY2012Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9309000 | USD |
| CY2012Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3823000 | USD |
| CY2011Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4191000 | USD |
| CY2012Q1 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
288000 | USD |
| CY2011Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
334000 | USD |
| CY2012Q1 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
0 | USD |
| CY2011Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
50000 | USD |
| CY2012Q1 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
750000 | USD |
| CY2011Q4 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
750000 | USD |
| CY2012Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-36000 | USD |
| CY2011Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
0 | USD |
| CY2012Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-98000 | USD |
| CY2011Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-441000 | USD |
| CY2012Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
365000 | USD |
| CY2011Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-103000 | USD |
| CY2011Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-144000 | USD |
| CY2012Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
415000 | USD |
| CY2012Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
172000 | USD |
| CY2011Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
32000 | USD |
| CY2011Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-33000 | USD |
| CY2012Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-26000 | USD |
| CY2012Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
198000 | USD |
| CY2011Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
71000 | USD |
| CY2011Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
59000 | USD |
| CY2011Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
441000 | USD |
| CY2012Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
109000 | USD |
| CY2012Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
281000 | USD |
| CY2011Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
330000 | USD |
| CY2011Q1 | us-gaap |
Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
|
0 | USD |
| CY2012Q1 | us-gaap |
Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
|
11000 | USD |
| CY2012Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
7000 | USD |
| CY2011Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
0 | USD |
| CY2012Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4385000 | USD |
| CY2011Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
4738000 | USD |
| CY2012Q1 | us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
43000 | USD |
| CY2011Q1 | us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
0 | USD |
| CY2012Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-164527000 | USD |
| CY2011Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-164699000 | USD |
| CY2012Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
6746000 | USD |
| CY2011Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
6981000 | USD |
| CY2011Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
921000 | USD |
| CY2012Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
986000 | USD |
| CY2011Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
77000 | USD |
| CY2012Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
79000 | USD |
| CY2012Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | USD |
| CY2012Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
7000 | USD |
| CY2012Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5198000 | USD |
| CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4940000 | USD |
| CY2011Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
434000 | USD |
| CY2012Q1 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
537000 | USD |
| CY2011Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
24703000 | shares |
| CY2012Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
25718000 | shares |
| CY2012Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
24354000 | shares |
| CY2011Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20674000 | shares |
| CY2012Q1 | glow |
Accrued Expenses Sales Taxes And Regulatory Fees
AccruedExpensesSalesTaxesAndRegulatoryFees
|
-57000 | USD |
| CY2011Q1 | glow |
Accrued Expenses Sales Taxes And Regulatory Fees
AccruedExpensesSalesTaxesAndRegulatoryFees
|
-351000 | USD |
| CY2012Q1 | glow |
Bad Debt Expense
BadDebtExpense
|
21000 | USD |
| CY2011Q1 | glow |
Bad Debt Expense
BadDebtExpense
|
-15000 | USD |
| CY2012Q1 | glow |
Global Managed Services
GlobalManagedServices
|
1696000 | USD |
| CY2011Q1 | glow |
Global Managed Services
GlobalManagedServices
|
1894000 | USD |
| CY2012Q1 | glow |
Network And Infrastructure
NetworkAndInfrastructure
|
2076000 | USD |
| CY2011Q1 | glow |
Network And Infrastructure
NetworkAndInfrastructure
|
2412000 | USD |
| CY2011Q1 | glow |
Settlement Of Liabilities With Restricted Stock And Stock Options
SettlementOfLiabilitiesWithRestrictedStockAndStockOptions
|
48000 | USD |
| CY2012Q1 | glow |
Settlement Of Liabilities With Restricted Stock And Stock Options
SettlementOfLiabilitiesWithRestrictedStockAndStockOptions
|
0 | USD |
| CY2012Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2012Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | |
| CY2012Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-03-31 | |
| CY2012Q1 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2012Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2012Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2012Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000746210 | |
| CY2012Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
25788407 | shares |
| CY2012Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
| CY2012Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
GLOWPOINT, INC. |
