$SMSI
SMITH MICRO SOFTWARE, INC.

2020 Q2 Form 10-Q Financial Statement

#000156459020038894 Filed on August 10, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $12.93M $10.85M
YoY Change 19.15% 56.29%
Cost Of Revenue $1.270M $974.0K
YoY Change 30.39% -13.04%
Gross Profit $11.66M $9.880M
YoY Change 18.06% 69.5%
Gross Profit Margin 90.19% 91.03%
Selling, General & Admin $5.200M $4.194M
YoY Change 23.99% 19.49%
% of Gross Profit 44.58% 42.45%
Research & Development $4.240M $2.743M
YoY Change 54.58% 24.68%
% of Gross Profit 36.35% 27.76%
Depreciation & Amortization $1.020M $360.0K
YoY Change 183.33% 80.0%
% of Gross Profit 8.74% 3.64%
Operating Expenses $10.29M $6.948M
YoY Change 48.1% 20.73%
Operating Profit $1.377M $2.932M
YoY Change -53.04% 3862.16%
Interest Expense $0.00 $30.00K
YoY Change -100.0% -101.35%
% of Operating Profit 0.0% 1.02%
Other Income/Expense, Net $0.00 -$6.000K
YoY Change -100.0% -40.0%
Pretax Income $1.379M $3.440M
YoY Change -59.91% -258.96%
Income Tax $0.00 $4.000K
% Of Pretax Income 0.0% 0.12%
Net Earnings $1.379M $3.436M
YoY Change -59.87% -257.83%
Net Earnings / Revenue 10.66% 31.66%
Basic Earnings Per Share $0.03 $0.11
Diluted Earnings Per Share $0.03 $0.10
COMMON SHARES
Basic Shares Outstanding 41.13M 32.07M
Diluted Shares Outstanding 43.08M 35.31M

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.60M $6.600M
YoY Change 257.58% -24.14%
Cash & Equivalents $23.61M $6.611M
Short-Term Investments
Other Short-Term Assets $1.400M $900.0K
YoY Change 55.56% 12.5%
Inventory
Prepaid Expenses
Receivables $12.50M $13.02M
Other Receivables $0.00 $0.00
Total Short-Term Assets $37.60M $20.57M
YoY Change 82.83% 30.99%
LONG-TERM ASSETS
Property, Plant & Equipment $8.400M $930.0K
YoY Change 803.23% -15.45%
Goodwill $7.797M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $600.0K $267.0K
YoY Change 124.72% -55.5%
Total Long-Term Assets $35.50M $20.90M
YoY Change 69.9% 266.58%
TOTAL ASSETS
Total Short-Term Assets $37.60M $20.57M
Total Long-Term Assets $35.50M $20.90M
Total Assets $73.10M $41.46M
YoY Change 76.31% 93.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.900M $1.227M
YoY Change 217.85% -5.62%
Accrued Expenses $4.300M $3.500M
YoY Change 22.86% 45.83%
Deferred Revenue $1.700M $183.0K
YoY Change 828.96%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.800M $4.945M
YoY Change 98.18% 23.63%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $6.400M $168.0K
YoY Change 3709.52% -98.4%
Total Long-Term Liabilities $6.400M $6.850M
YoY Change -6.57% -48.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.800M $4.945M
Total Long-Term Liabilities $6.400M $6.850M
Total Liabilities $16.20M $11.80M
YoY Change 37.35% -32.21%
SHAREHOLDERS EQUITY
Retained Earnings -$232.6M
YoY Change
Common Stock $262.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $56.90M $29.67M
YoY Change
Total Liabilities & Shareholders Equity $73.10M $41.46M
YoY Change 76.31% 93.74%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $1.379M $3.436M
YoY Change -59.87% -257.83%
Depreciation, Depletion And Amortization $1.020M $360.0K
YoY Change 183.33% 80.0%
Cash From Operating Activities $2.080M -$910.0K
YoY Change -328.57% -2.15%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K -$180.0K
YoY Change -55.56% 100.0%
Acquisitions
YoY Change
Other Investing Activities $20.00K $350.0K
YoY Change -94.29%
Cash From Investing Activities -$70.00K $170.0K
YoY Change -141.18% -288.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.160M -40.00K
YoY Change -5500.0% -100.65%
NET CHANGE
Cash From Operating Activities 2.080M -910.0K
Cash From Investing Activities -70.00K 170.0K
Cash From Financing Activities 2.160M -40.00K
Net Change In Cash 4.170M -780.0K
YoY Change -634.62% -115.29%
FREE CASH FLOW
Cash From Operating Activities $2.080M -$910.0K
Capital Expenditures -$80.00K -$180.0K
Free Cash Flow $2.160M -$730.0K
YoY Change -395.89% -13.1%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
smsi Cumulative Loss Period
CumulativeLossPeriod
P5Y
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y11M1D
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26255000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19286000
CY2019Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
974000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2441000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1891000
CY2019Q2 us-gaap Gross Profit
GrossProfit
9880000
us-gaap Gross Profit
GrossProfit
23814000
us-gaap Gross Profit
GrossProfit
17395000
CY2019Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1768000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
5400000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3735000
CY2019Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2743000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8333000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5425000
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2426000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6738000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5126000
us-gaap Restructuring Charges
RestructuringCharges
6000
us-gaap Restructuring Charges
RestructuringCharges
115000
us-gaap Operating Expenses
OperatingExpenses
20477000
us-gaap Operating Expenses
OperatingExpenses
14401000
us-gaap Operating Income Loss
OperatingIncomeLoss
3337000
us-gaap Operating Income Loss
OperatingIncomeLoss
2994000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
87000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
30000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
483000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
52853000
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
17000
CY2020Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
791000
CY2020Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
296000
CY2020Q2 smsi Stock Issued During Period Value Stock Warrants Exercised
StockIssuedDuringPeriodValueStockWarrantsExercised
2151000
CY2020Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
1379000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1561000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
350000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
852000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
48684000
smsi Stock Issued During Period Value Stock Warrants Exercised
StockIssuedDuringPeriodValueStockWarrantsExercised
4196000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
16000
us-gaap Net Income Loss
NetIncomeLoss
3424000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
56898000
CY2019Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
1000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
20563000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
770000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
315000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
5000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-14000
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
5129000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
67000
us-gaap Net Income Loss
NetIncomeLoss
3484000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
29666000
us-gaap Profit Loss
ProfitLoss
3424000
us-gaap Profit Loss
ProfitLoss
3484000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1662000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
681000
smsi Non Cash Lease Expense
NonCashLeaseExpense
511000
smsi Non Cash Lease Expense
NonCashLeaseExpense
481000
us-gaap Restructuring Costs
RestructuringCosts
6000
us-gaap Restructuring Costs
RestructuringCosts
115000
smsi Increase Decrease In Reserves Against Accounts Receivable
IncreaseDecreaseInReservesAgainstAccountsReceivable
-9000
smsi Increase Decrease In Reserves Against Accounts Receivable
IncreaseDecreaseInReservesAgainstAccountsReceivable
8000
us-gaap Inventory Write Down
InventoryWriteDown
1000
smsi Gain Loss On Disposal Of Fixed Assets
GainLossOnDisposalOfFixedAssets
-6000
us-gaap Share Based Compensation
ShareBasedCompensation
1441000
us-gaap Share Based Compensation
ShareBasedCompensation
788000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
483000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1637000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5842000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
633000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
138000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-692000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-526000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
262000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-136000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4335000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
287000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
204000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13206000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4654000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5548000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
28268000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12159000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
23614000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3911000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
4196000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
67000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
21000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-9000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4217000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-76000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6611000
us-gaap Income Taxes Paid
IncomeTaxesPaid
40000
us-gaap Income Taxes Paid
IncomeTaxesPaid
17000
smsi Issuance Of Common Stock In Connection With Acquisition
IssuanceOfCommonStockInConnectionWithAcquisition
5129000
us-gaap Nature Of Operations
NatureOfOperations
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1. The Company</p> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Smith Micro Software, Inc. (“Smith Micro”, the “Company”, “we”, “us”, or “our”) develops software to simplify and enhance the mobile experience, providing solutions to some of the leading wireless and cable service providers around the world. From enabling the family digital lifestyle to providing powerful voice messaging capabilities, we strive to enrich today’s connected lifestyles while creating new opportunities to engage consumers via smartphones and consumer IoT devices. Our portfolio includes a wide range of products for creating, sharing and monetizing rich content, such as visual voice messaging, retail content display optimization and performance analytics on any product set.</p>
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
26722000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
20951000
CY2020Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
1379000
CY2019Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
3245000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
3484000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
2390000
CY2020Q2 us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
0.03
CY2019Q2 us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
0.10
us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
0.09
us-gaap Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
0.08
CY2020Q2 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.03
CY2019Q2 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.09
us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.08
us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.07
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019Q2 us-gaap Profit Loss
ProfitLoss
3436000
us-gaap Profit Loss
ProfitLoss
3424000
us-gaap Profit Loss
ProfitLoss
3484000
CY2019Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
34000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
67000
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1379000
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3402000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3424000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3417000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40305000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31685000
CY2020Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1952000
CY2019Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
3240000
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
2041000
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1680000
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43079000
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35308000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42346000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33365000
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
98000
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
125000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
98000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
125000
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1700000
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12933000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10854000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26255000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19286000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
smsi Number Of Geographic Location
NumberOfGeographicLocation
3
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12933000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10854000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26255000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19286000
us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
The Company leases office space and equipment, and certain office space is subleased. Management determines if a contract is a lease at the inception of the arrangement and reviews all options to extend, terminate, or purchase its right-of-use assets at the inception of the lease and accounts for these options when they are reasonably certain of being exercised.
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
436000
us-gaap Operating Lease Cost
OperatingLeaseCost
1061000
us-gaap Operating Lease Cost
OperatingLeaseCost
790000
CY2020Q2 us-gaap Sublease Income
SubleaseIncome
151000
CY2019Q2 us-gaap Sublease Income
SubleaseIncome
151000
us-gaap Sublease Income
SubleaseIncome
301000
us-gaap Sublease Income
SubleaseIncome
301000
CY2020Q2 us-gaap Lease Cost
LeaseCost
382000
CY2019Q2 us-gaap Lease Cost
LeaseCost
285000
us-gaap Lease Cost
LeaseCost
760000
us-gaap Lease Cost
LeaseCost
489000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1323000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1770000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1523000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1510000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1182000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1158000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8466000
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0685
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1637000
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
6829000
CY2020Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
50400000
CY2019Q4 smsi Outstanding Tax Audit
OutstandingTaxAudit
0

Files In Submission

Name View Source Status
0001564590-20-038894-index-headers.html Edgar Link pending
0001564590-20-038894-index.html Edgar Link pending
0001564590-20-038894.txt Edgar Link pending
0001564590-20-038894-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
smsi-10q_20200630.htm Edgar Link pending
smsi-10q_20200630_htm.xml Edgar Link completed
smsi-20200630.xsd Edgar Link pending
smsi-20200630_cal.xml Edgar Link unprocessable
smsi-20200630_def.xml Edgar Link unprocessable
smsi-20200630_lab.xml Edgar Link unprocessable
smsi-20200630_pre.xml Edgar Link unprocessable
smsi-ex311_8.htm Edgar Link pending
smsi-ex312_6.htm Edgar Link pending
smsi-ex321_7.htm Edgar Link pending