2014 Q2 Form 10-Q Financial Statement
#000074621014000077 Filed on August 06, 2014
Income Statement
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| Revenue | $8.468M | $8.736M |
| YoY Change | -3.07% | 28.47% |
| Cost Of Revenue | $4.820M | $4.890M |
| YoY Change | -1.43% | 25.06% |
| Gross Profit | $3.640M | $3.850M |
| YoY Change | -5.45% | 33.22% |
| Gross Profit Margin | 42.99% | 44.07% |
| Selling, General & Admin | $2.251M | $2.708M |
| YoY Change | -16.88% | 24.22% |
| % of Gross Profit | 61.84% | 70.34% |
| Research & Development | $290.0K | $170.0K |
| YoY Change | 70.59% | |
| % of Gross Profit | 7.97% | 4.42% |
| Depreciation & Amortization | $660.0K | $700.0K |
| YoY Change | -5.71% | 62.79% |
| % of Gross Profit | 18.13% | 18.18% |
| Operating Expenses | $2.251M | $2.708M |
| YoY Change | -16.88% | 24.22% |
| Operating Profit | $357.0K | $269.0K |
| YoY Change | 32.71% | -5.61% |
| Interest Expense | $334.0K | $320.0K |
| YoY Change | 4.38% | 1677.78% |
| % of Operating Profit | 93.56% | 118.96% |
| Other Income/Expense, Net | -$356.0K | -$419.0K |
| YoY Change | -15.04% | 1209.38% |
| Pretax Income | $0.00 | -$150.0K |
| YoY Change | -100.0% | -160.0% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | $1.000K | -$150.0K |
| YoY Change | -100.67% | -160.48% |
| Net Earnings / Revenue | 0.01% | -1.72% |
| Basic Earnings Per Share | $0.00 | -$0.01 |
| Diluted Earnings Per Share | $0.00 | -$0.01 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 35.49M shares | 27.87M shares |
| Diluted Shares Outstanding | 34.96M shares | 27.87M shares |
Balance Sheet
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $2.100M | $2.800M |
| YoY Change | -25.0% | 64.71% |
| Cash & Equivalents | ||
| Short-Term Investments | ||
| Other Short-Term Assets | $600.0K | $700.0K |
| YoY Change | -14.29% | 75.0% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $3.603M | $3.189M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $6.286M | $6.738M |
| YoY Change | -6.71% | 31.81% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $3.192M | $3.159M |
| YoY Change | 1.04% | -26.96% |
| Goodwill | $9.825M | $9.695M |
| YoY Change | 1.34% | |
| Intangibles | $5.369M | $6.627M |
| YoY Change | -18.98% | |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $327.0K | $605.0K |
| YoY Change | -45.95% | 789.71% |
| Total Long-Term Assets | $18.71M | $20.09M |
| YoY Change | -6.84% | 357.23% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $6.286M | $6.738M |
| Total Long-Term Assets | $18.71M | $20.09M |
| Total Assets | $25.00M | $26.82M |
| YoY Change | -6.8% | 182.21% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.190M | $2.048M |
| YoY Change | 6.93% | 49.6% |
| Accrued Expenses | $1.906M | $1.435M |
| YoY Change | 32.82% | 254.32% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $197.0K | $1.317M |
| YoY Change | -85.04% | |
| Long-Term Debt Due | $197.0K | $1.317M |
| YoY Change | -85.04% | 31.7% |
| Total Short-Term Liabilities | $4.891M | $6.087M |
| YoY Change | -19.65% | 69.13% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $10.89M | $9.113M |
| YoY Change | 19.44% | 2937.67% |
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $10.90M | $9.242M |
| YoY Change | 17.92% | 2788.13% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $4.891M | $6.087M |
| Total Long-Term Liabilities | $10.90M | $9.242M |
| Total Liabilities | $15.79M | $15.33M |
| YoY Change | 3.0% | 291.15% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$168.7M | -$165.8M |
| YoY Change | 1.75% | 0.92% |
| Common Stock | $177.8M | $167.1M |
| YoY Change | 6.4% | 4.64% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $66.00K | |
| YoY Change | ||
| Treasury Stock Shares | 40.00K shares | |
| Shareholders Equity | $9.210M | $11.50M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $25.00M | $26.82M |
| YoY Change | -6.8% | 182.21% |
Cashflow Statement
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $1.000K | -$150.0K |
| YoY Change | -100.67% | -160.48% |
| Depreciation, Depletion And Amortization | $660.0K | $700.0K |
| YoY Change | -5.71% | 62.79% |
| Cash From Operating Activities | $720.0K | $1.090M |
| YoY Change | -33.94% | -1657.14% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$650.0K | -$120.0K |
| YoY Change | 441.67% | -50.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | -$650.0K | -$110.0K |
| YoY Change | 490.91% | -54.17% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -150.0K | -350.0K |
| YoY Change | -57.14% | 775.0% |
| NET CHANGE | ||
| Cash From Operating Activities | 720.0K | 1.090M |
| Cash From Investing Activities | -650.0K | -110.0K |
| Cash From Financing Activities | -150.0K | -350.0K |
| Net Change In Cash | -80.00K | 630.0K |
| YoY Change | -112.7% | -280.0% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $720.0K | $1.090M |
| Capital Expenditures | -$650.0K | -$120.0K |
| Free Cash Flow | $1.370M | $1.210M |
| YoY Change | 13.22% | 611.76% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2014Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2190000 | USD |
| CY2013Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1885000 | USD |
| CY2014Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
3603000 | USD |
| CY2013Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
4077000 | USD |
| CY2013Q4 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
165000 | USD |
| CY2013Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
2277000 | USD |
| CY2014Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1906000 | USD |
| CY2013Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
138000 | USD |
| CY2014Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
36000 | USD |
| CY2013Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
177357000 | USD |
| CY2014Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
177797000 | USD |
| us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
251000 | USD | |
| CY2013Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
221000 | USD |
| CY2014Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
107000 | USD |
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
69000 | USD | |
| us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | USD | |
| CY2014Q2 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | USD |
| CY2013Q2 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
39000 | USD |
| us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
44000 | USD | |
| CY2013Q2 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
60000 | USD |
| CY2014Q2 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
22000 | USD |
| us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
121000 | USD | |
| CY2014Q2 | us-gaap |
Assets
Assets
|
24999000 | USD |
| CY2013Q4 | us-gaap |
Assets
Assets
|
25886000 | USD |
| CY2014Q2 | us-gaap |
Assets Current
AssetsCurrent
|
6286000 | USD |
| CY2013Q4 | us-gaap |
Assets Current
AssetsCurrent
|
6775000 | USD |
| us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
0 | USD | |
| us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
38000 | USD | |
| CY2013Q4 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
217000 | USD |
| CY2014Q2 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
116000 | USD |
| CY2013Q4 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
43000 | USD |
| CY2014Q2 | us-gaap |
Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
|
13000 | USD |
| CY2014Q2 | us-gaap |
Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
|
132000 | USD |
| CY2014Q2 | us-gaap |
Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
|
1000 | USD |
| CY2014Q2 | us-gaap |
Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
|
43000 | USD |
| CY2014Q2 | us-gaap |
Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
|
3000 | USD |
| CY2014Q2 | us-gaap |
Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
|
129000 | USD |
| CY2014Q2 | us-gaap |
Capital Leases Future Minimum Payments Remainder Of Fiscal Year
CapitalLeasesFutureMinimumPaymentsRemainderOfFiscalYear
|
88000 | USD |
| us-gaap |
Capital Leases Income Statement Amortization Expense
CapitalLeasesIncomeStatementAmortizationExpense
|
79000 | USD | |
| CY2014Q2 | us-gaap |
Capital Leases Income Statement Amortization Expense
CapitalLeasesIncomeStatementAmortizationExpense
|
40000 | USD |
| CY2013Q2 | us-gaap |
Capital Leases Income Statement Amortization Expense
CapitalLeasesIncomeStatementAmortizationExpense
|
40000 | USD |
| us-gaap |
Capital Leases Income Statement Amortization Expense
CapitalLeasesIncomeStatementAmortizationExpense
|
79000 | USD | |
| CY2013Q4 | us-gaap |
Cash
Cash
|
2294000 | USD |
| CY2014Q2 | us-gaap |
Cash
Cash
|
2101000 | USD |
| CY2013Q2 | us-gaap |
Cash
Cash
|
2804000 | USD |
| CY2012Q4 | us-gaap |
Cash
Cash
|
2218000 | USD |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
586000 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-193000 | USD | |
| CY2014Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
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| CY2013Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2014Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2014Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
150000000 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
150000000 | shares |
| CY2014Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
35654000 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
35306000 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
35306000 | shares |
| CY2014Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
35614000 | shares |
| CY2014Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
4000 | USD |
| CY2013Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
4000 | USD |
| CY2013Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
8467000 | USD |
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
16570000 | USD | |
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
18573000 | USD | |
| CY2014Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
8111000 | USD |
| CY2013Q4 | us-gaap |
Customer Deposits Noncurrent
CustomerDepositsNoncurrent
|
163000 | USD |
| CY2014Q2 | us-gaap |
Customer Deposits Noncurrent
CustomerDepositsNoncurrent
|
451000 | USD |
| CY2014Q2 | us-gaap |
Deferred Revenue
DeferredRevenue
|
118000 | USD |
| CY2013Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
197000 | USD |
| CY2013Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
700000 | USD |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1458000 | USD | |
| CY2014Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
666000 | USD |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1354000 | USD | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1458000 | USD | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1354000 | USD | |
| CY2014Q2 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
30000 | USD |
| CY2013Q4 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
20000 | USD |
| us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
10000 | USD | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.02 | ||
| CY2014Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.00 | |
| us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.08 | ||
| CY2013Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
| CY2013Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
755000 | USD |
| CY2014Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
488000 | USD |
| us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-539000 | USD | |
| us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-178000 | USD | |
| CY2013Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1711000 | USD |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3320000 | USD | |
| CY2014Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1410000 | USD |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4798000 | USD | |
| CY2013Q4 | us-gaap |
Goodwill
Goodwill
|
9825000 | USD |
| CY2014Q2 | us-gaap |
Goodwill
Goodwill
|
9825000 | USD |
| us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-833000 | USD | |
| us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-2135000 | USD | |
| CY2013Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-150000 | USD |
| CY2014Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
1000 | USD |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD | |
| CY2014Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
| CY2013Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-336000 | USD | |
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
304000 | USD | |
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-581000 | USD | |
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-739000 | USD | |
| us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-437000 | USD | |
| us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-78000 | USD | |
| us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-15000 | USD | |
| us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-50000 | USD | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-153000 | USD | |
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
178000 | USD | |
| CY2013Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
5998000 | USD |
| CY2014Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
5369000 | USD |
| us-gaap |
Interest Expense
InterestExpense
|
668000 | USD | |
| CY2013Q2 | us-gaap |
Interest Expense
InterestExpense
|
320000 | USD |
| CY2014Q2 | us-gaap |
Interest Expense
InterestExpense
|
334000 | USD |
| us-gaap |
Interest Expense
InterestExpense
|
612000 | USD | |
| us-gaap |
Interest Paid
InterestPaid
|
586000 | USD | |
| us-gaap |
Interest Paid
InterestPaid
|
656000 | USD | |
| CY2013Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
0 | USD |
| CY2014Q2 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
139000 | USD |
| CY2014Q2 | us-gaap |
Liabilities
Liabilities
|
15789000 | USD |
| CY2013Q4 | us-gaap |
Liabilities
Liabilities
|
16217000 | USD |
| CY2014Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
24999000 | USD |
| CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
25886000 | USD |
| CY2013Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5939000 | USD |
| CY2014Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4891000 | USD |
| CY2013Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
10278000 | USD |
| CY2014Q2 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
10898000 | USD |
| us-gaap |
Line Of Credit Facility Periodic Payment Principal
LineOfCreditFacilityPeriodicPaymentPrincipal
|
54000 | USD | |
| CY2013Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
11185000 | USD |
| CY2014Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
11082000 | USD |
| CY2014Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
197000 | USD |
| CY2013Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
950000 | USD |
| CY2014Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
10885000 | USD |
| CY2013Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
10235000 | USD |
| CY2013Q4 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
10235000 | USD |
| CY2014Q2 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
10885000 | USD |
| us-gaap |
Nature Of Operations
NatureOfOperations
|
<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 and Liquidity</font></div><div style="line-height:120%;text-align:left;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%;text-align:left;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;">Glowpoint, Inc. (“</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Glowpoint</font><font style="font-family:inherit;font-size:10pt;">” or “</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">we</font><font style="font-family:inherit;font-size:10pt;">” or “</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">us</font><font style="font-family:inherit;font-size:10pt;">” or the “</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Company</font><font style="font-family:inherit;font-size:10pt;">”) is a provider of video collaboration services and network services. Our services enable our customers to use videoconferencing as an efficient and effective method of communication for their business meetings. Our customers include Fortune 1000 companies, along with small and medium enterprises in a variety of industries. We market our services globally through a multi-channel sales approach that includes direct sales and channel partners. </font></div><div style="line-height:120%;text-align:left;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;">The Company was formed as a Delaware corporation in May 2000. The Company operates in </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">one</font><font style="font-family:inherit;font-size:10pt;"> segment and therefore segment information is not presented. </font></div><div style="line-height:120%;text-align:left;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;">Liquidity</font></div><div style="line-height:120%;text-align:left;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;">As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June 30, 2014</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;">$2,101,000</font><font style="font-family:inherit;font-size:10pt;"> of cash and working capital of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1,395,000</font><font style="font-family:inherit;font-size:10pt;">. Our cash balance as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June 30, 2014</font><font style="font-family:inherit;font-size:10pt;"> includes restricted cash of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$185,000</font><font style="font-family:inherit;font-size:10pt;"> (as discussed in Note 3). For the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June 30, 2014</font><font style="font-family:inherit;font-size:10pt;">, we generated a net loss of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$833,000</font><font style="font-family:inherit;font-size:10pt;"> and net cash provided by operating activities of </font><font style="font-family:inherit;font-size:10pt;">$1,246,000</font><font style="font-family:inherit;font-size:10pt;">. We generated cash flow from operations even though we incurred a net loss due to certain non-cash expenses and changes in working capital. </font></div><div style="line-height:120%;text-align:left;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;">In October 2013, the Company entered into a loan agreement by and among the Company and its subsidiaries, and Main Street Capital Corporation (“Main Street”), as lender and as administrative agent and collateral agent for itself and the other lenders from time to time party thereto (the "Main Street Loan Agreement"). The Main Street Loan Agreement provides for an </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$11,000,000</font><font style="font-family:inherit;font-size:10pt;"> senior secured term loan facility (“Main Street Term Loan”) and a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2,000,000</font><font style="font-family:inherit;font-size:10pt;"> senior secured revolving loan facility (the “Main Street Revolver”). As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">June 30, 2014</font><font style="font-family:inherit;font-size:10pt;">, the Company had outstanding borrowings of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$9,000,000</font><font style="font-family:inherit;font-size:10pt;"> under the Main Street Term Loan and </font><font style="font-family:inherit;font-size:10pt;">$197,000</font><font style="font-family:inherit;font-size:10pt;"> on the Main Street Revolver. </font></div><div style="line-height:120%;text-align:left;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:21px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on our current projection of revenue, expenses, capital expenditures and cash flows, the Company believes that it has, and will have, sufficient resources and cash flows to service its debt obligations and fund its operations for at least the next twelve months following the filing of this Quarterly Report on Form 10-Q. As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">June 30, 2014</font><font style="font-family:inherit;font-size:10pt;">, we have availability of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$1,803,000</font><font style="font-family:inherit;font-size:10pt;"> under the Main Street Revolver and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;">$2,000,000</font><font style="font-family:inherit;font-size:10pt;"> under the Main Street Term Loan (subject to approval by Main Street under the terms of the Main Street Loan Agreement). In the event we need to raise additional capital to fund operations and provide growth capital, we have historically been able to raise capital in private placements. 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 or future 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%;text-align:left;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;">Quarterly Financial Information and Results of Operations</font></div><div style="line-height:120%;text-align:left;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;">The condensed consolidated financial statements as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June 30, 2014</font><font style="font-family:inherit;font-size:10pt;"> and for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six and three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June 30, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2013</font><font style="font-family:inherit;font-size:10pt;"> 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;">June 30, 2014</font><font style="font-family:inherit;font-size:10pt;">, and the results of operations for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six and three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June 30, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2013</font><font style="font-family:inherit;font-size:10pt;">, the statement of stockholders' equity for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June 30, 2014</font><font style="font-family:inherit;font-size:10pt;"> and the statement of cash flows for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June 30, 2014</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2013</font><font style="font-family:inherit;font-size:10pt;">. The results for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six and three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June 30, 2014</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of the results to be expected for the entire year. The condensed balance sheet as of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2013</font><font style="font-family:inherit;font-size:10pt;"> was derived from audited financial statements as of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2013</font><font style="font-family:inherit;font-size:10pt;">. 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 audited consolidated financial statements and the footnotes thereto for the fiscal year ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2013</font><font style="font-family:inherit;font-size:10pt;"> as </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">filed</font><font style="font-family:inherit;font-size:10pt;"> with the Securities and Exchange Commission (the "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">SEC</font><font style="font-family:inherit;font-size:10pt;">") with our Form 10-K on March 6, 2014 (the "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Audited 2013 Financial Statements</font><font style="font-family:inherit;font-size:10pt;">").</font></div></div> | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-535000 | USD | |
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Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-362000 | USD | |
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Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-233000 | USD | |
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Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1077000 | USD | |
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Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
1354000 | USD | |
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Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
1246000 | USD | |
| CY2013Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-150000 | USD |
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Net Income Loss
NetIncomeLoss
|
-2135000 | USD | |
| CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1000 | USD |
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Net Income Loss
NetIncomeLoss
|
-833000 | USD | |
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Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-843000 | USD | |
| CY2014Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-4000 | USD |
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Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2345000 | USD | |
| CY2013Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-255000 | USD |
| CY2013Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-419000 | USD |
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Nonoperating Income Expense
NonoperatingIncomeExpense
|
-802000 | USD | |
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Nonoperating Income Expense
NonoperatingIncomeExpense
|
-712000 | USD | |
| CY2014Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-356000 | USD |
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Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
| CY2013Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
269000 | USD |
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Operating Income Loss
OperatingIncomeLoss
|
-1333000 | USD | |
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Operating Income Loss
OperatingIncomeLoss
|
-121000 | USD | |
| CY2014Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
357000 | USD |
| CY2014Q2 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
1880000 | USD |
| CY2014Q2 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
401000 | USD |
| CY2014Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
88000 | USD |
| CY2014Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
308000 | USD |
| CY2014Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
400000 | USD |
| CY2014Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
439000 | USD |
| CY2014Q2 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
8000 | USD |
| CY2014Q2 | us-gaap |
Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
|
236000 | USD |
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Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
319000 | USD | |
| CY2014Q2 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
154000 | USD |
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Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
384000 | USD | |
| CY2013Q2 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
193000 | USD |
| CY2013Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
390000 | USD |
| CY2014Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
227000 | USD |
| CY2014Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
327000 | USD |
| CY2013Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
421000 | USD |
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Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD | |
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Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
66000 | USD | |
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Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
59000 | USD | |
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Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
133000 | USD | |
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Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
235000 | USD | |
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Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1081000 | USD | |
| CY2014Q2 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
5000 | USD |
| CY2013Q2 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
105000 | USD |
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Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
10000 | USD | |
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Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
210000 | USD | |
| CY2014Q2 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
396000 | USD |
| CY2013Q4 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
396000 | USD |
| CY2014Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
| CY2013Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
| CY2014Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
7500 | shares |
| CY2013Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
7500 | shares |
| CY2014Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
53 | shares |
| CY2013Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
53 | shares |
| CY2014Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
53 | shares |
| CY2013Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
53 | shares |
| CY2014Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
167000 | USD |
| CY2013Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
167000 | USD |
| CY2014Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
582000 | USD |
| CY2013Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
404000 | USD |
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Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
|
0 | USD | |
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Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
|
1000 | USD | |
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Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
4000 | USD | |
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Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
2000 | USD | |
| CY2013Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2867000 | USD |
| CY2014Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3192000 | USD |
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Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
122000 | USD | |
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Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
131000 | USD | |
| us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
280000 | USD | |
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Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
102000 | USD | |
| CY2014Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
185000 | USD |
| CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-167859000 | USD |
| CY2014Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-168692000 | USD |
| us-gaap |
Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure
|
<div style="font-family:Times New Roman;font-size:10pt;"><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;">Taxes Billed to Customers and Remitted to Taxing Authorities</font></div><div style="line-height:120%;text-align:left;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;">We recognize taxes billed to customers in revenue and taxes remitted to taxing authorities in our cost of revenue. For the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six and three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June 30, 2014</font><font style="font-family:inherit;font-size:10pt;">, we included taxes of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$654,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$328,000</font><font style="font-family:inherit;font-size:10pt;">, respectively, in revenue, and we included taxes of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$623,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$313,000</font><font style="font-family:inherit;font-size:10pt;">, respectively, in cost of revenue. For the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six and three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June 30, 2013</font><font style="font-family:inherit;font-size:10pt;">, we included taxes of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$668,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$340,000</font><font style="font-family:inherit;font-size:10pt;">, respectively, in revenue, and we included taxes of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$635,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$323,000</font><font style="font-family:inherit;font-size:10pt;">, respectively, in cost of revenue.</font></div></div> | ||
| CY2014Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
8468000 | USD |
| CY2013Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
8736000 | USD |
| us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
16449000 | USD | |
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Sales Revenue Services Net
SalesRevenueServicesNet
|
17240000 | USD | |
| CY2014Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
918000 | USD |
| us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1743000 | USD | |
| us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
2066000 | USD | |
| CY2013Q2 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
997000 | USD |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
690000 | USD | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
290000 | USD | |
| CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
410000 | shares |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
750000 | shares |
| CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
2.71 | |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
2.35 | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
248000 | shares | |
| CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1792000 | shares |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1494000 | shares |
| CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.21 | |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
2.16 | |
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.90 | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
2.75 | ||
| CY2013Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
950000 | USD |
| CY2014Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
197000 | USD |
| us-gaap |
Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
|
195000 | shares | |
| us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
50000 | shares | |
| us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
0 | USD | |
| us-gaap |
Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
|
0 | USD | |
| us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
0 | USD | |
| CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9669000 | USD |
| CY2014Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9210000 | USD |
| CY2013Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
590000 | USD |
| CY2014Q2 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
452000 | USD |
| CY2014Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
40000 | shares |
| CY2013Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
0 | shares |
| CY2013Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
0 | USD |
| CY2014Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
66000 | USD |
| us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
66000 | USD | |
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | ||
| us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><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;">Use of Estimates</font></div><div style="line-height:120%;text-align:left;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;">Preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America 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 of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual amounts could differ from the estimates made. We continually evaluate estimates used in the preparation of the consolidated financial statements for reasonableness. Appropriate adjustments, if any, to the estimates used are made prospectively based upon such periodic evaluation. The significant areas of estimation include determining the allowance for doubtful accounts, deferred tax valuation allowance, accrued sales taxes, the valuation of goodwill, the valuation of intangible assets and their estimated lives, and the estimated lives and recoverability of property and equipment. </font></div><div style="line-height:120%;text-align:left;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;">See "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Summary of Significant Accounting Policies</font><font style="font-family:inherit;font-size:10pt;">" in the Company's Audited </font><font style="font-family:inherit;font-size:10pt;">2013</font><font style="font-family:inherit;font-size:10pt;"> Financial Statements for a discussion on the estimates and judgments necessary in the Company's accounting for financial instruments, concentration of credit risk, goodwill, intangible assets, property and equipment, income taxes, stock-based compensation, and accrued sales taxes and regulatory fees. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> | ||
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
34912000 | shares | |
| CY2013Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
27868000 | shares |
| us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
27786000 | shares | |
| CY2014Q2 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
34958000 | shares |
| CY2013Q4 | glow |
Accrued Communication Costs Current
AccruedCommunicationCostsCurrent
|
328000 | USD |
| CY2014Q2 | glow |
Accrued Communication Costs Current
AccruedCommunicationCostsCurrent
|
267000 | USD |
| CY2013Q4 | glow |
Accrued Lease Termination
AccruedLeaseTermination
|
0 | USD |
| CY2014Q2 | glow |
Accrued Lease Termination
AccruedLeaseTermination
|
159000 | USD |
| CY2013Q4 | glow |
Accrued Severance Costs
AccruedSeveranceCosts
|
306000 | USD |
| CY2014Q2 | glow |
Accrued Severance Costs
AccruedSeveranceCosts
|
21000 | USD |
| glow |
Bad Debt Expense
BadDebtExpense
|
-107000 | USD | |
| glow |
Bad Debt Expense
BadDebtExpense
|
119000 | USD | |
| CY2014Q2 | glow |
Capital Lease Future Minimum Interest Includedin Payment Due Remainderof Fiscal Year
CapitalLeaseFutureMinimumInterestIncludedinPaymentDueRemainderofFiscalYear
|
2000 | USD |
| CY2014Q2 | glow |
Capital Leases Future Minimum Interest Included In Payment Due In Three Years
CapitalLeasesFutureMinimumInterestIncludedInPaymentDueInThreeYears
|
0 | USD |
| CY2014Q2 | glow |
Capital Leases Future Minimum Interest Included In Payment Due In Two Years
CapitalLeasesFutureMinimumInterestIncludedInPaymentDueInTwoYears
|
1000 | USD |
| CY2014Q2 | glow |
Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPaymentsDueInThreeYears
|
1000 | USD |
| CY2014Q2 | glow |
Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPaymentsDueInTwoYears
|
42000 | USD |
| CY2014Q2 | glow |
Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments Remainderof Fiscal Year
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPaymentsRemainderofFiscalYear
|
86000 | USD |
| glow |
Costs Incurred For Conversionof Stock
CostsIncurredForConversionofStock
|
5000 | USD | |
| glow |
Debt Reduction In Connection With Severance Obligations Related To Acquisition
DebtReductionInConnectionWithSeveranceObligationsRelatedToAcquisition
|
0 | USD | |
| glow |
Debt Reduction In Connection With Severance Obligations Related To Acquisition
DebtReductionInConnectionWithSeveranceObligationsRelatedToAcquisition
|
240000 | USD | |
| glow |
Global Managed Services
GlobalManagedServices
|
408000 | USD | |
| CY2014Q2 | glow |
Global Managed Services
GlobalManagedServices
|
293000 | USD |
| glow |
Global Managed Services
GlobalManagedServices
|
459000 | USD | |
| CY2013Q2 | glow |
Global Managed Services
GlobalManagedServices
|
173000 | USD |
| glow |
Network And Infrastructure
NetworkAndInfrastructure
|
9843000 | USD | |
| CY2013Q2 | glow |
Network And Infrastructure
NetworkAndInfrastructure
|
4886000 | USD |
| CY2014Q2 | glow |
Network And Infrastructure
NetworkAndInfrastructure
|
4824000 | USD |
| glow |
Network And Infrastructure
NetworkAndInfrastructure
|
9694000 | USD | |
| glow |
Payment Relatedto Conversionof Securities
PaymentRelatedtoConversionofSecurities
|
5000 | USD | |
| glow |
Payment Relatedto Conversionof Securities
PaymentRelatedtoConversionofSecurities
|
0 | USD | |
| CY2014Q2 | glow |
Preferred Stock Series A2 Stated Value
PreferredStockSeriesA2StatedValue
|
7500 | USD |
| CY2013Q4 | glow |
Preferred Stock Series A2 Stated Value
PreferredStockSeriesA2StatedValue
|
7500 | USD |
| glow |
Stock Issued During Period Value Settlementof Liabilities
StockIssuedDuringPeriodValueSettlementofLiabilities
|
204000 | USD | |
| CY2014Q2 | glow |
Working Capital
WorkingCapital
|
1395000 | USD |
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-06-30 | ||
| dei |
Document Type
DocumentType
|
10-Q | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000746210 | ||
| CY2014Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
35614000 | shares |
| dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | ||
| dei |
Entity Registrant Name
EntityRegistrantName
|
GLOWPOINT, INC. |
