$TSSI
TSS, Inc.

2018 Q2 Form 10-Q Financial Statement

#000143774918015604 Filed on August 14, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $5.367M $4.198M
YoY Change 27.85% -40.28%
Cost Of Revenue $3.302M $2.440M
YoY Change 35.33% -49.79%
Gross Profit $2.065M $1.754M
YoY Change 17.73% -19.1%
Gross Profit Margin 38.48% 41.78%
Selling, General & Admin $1.516M $1.555M
YoY Change -2.51% -25.13%
% of Gross Profit 73.41% 88.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $100.0K $125.0K
YoY Change -20.0% 14.68%
% of Gross Profit 4.84% 7.13%
Operating Expenses $1.616M $1.680M
YoY Change -3.81% -24.6%
Operating Profit $449.0K $74.00K
YoY Change 506.76% -223.33%
Interest Expense $111.0K $74.00K
YoY Change 50.0% -33.33%
% of Operating Profit 24.72% 100.0%
Other Income/Expense, Net -$3.000K
YoY Change -250.0%
Pretax Income $338.0K -$3.000K
YoY Change -11366.67% -98.22%
Income Tax $19.00K $21.00K
% Of Pretax Income 5.62%
Net Earnings $317.0K -$24.00K
YoY Change -1420.83% -85.8%
Net Earnings / Revenue 5.91% -0.57%
Basic Earnings Per Share $0.02 $0.00
Diluted Earnings Per Share $0.02 $0.00
COMMON SHARES
Basic Shares Outstanding 16.28M 15.50M
Diluted Shares Outstanding 19.16M 15.50M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.310M $1.030M
YoY Change 221.36% 90.74%
Cash & Equivalents $3.312M $1.026M
Short-Term Investments
Other Short-Term Assets $600.0K $680.0K
YoY Change -11.76% -39.29%
Inventory $97.00K $122.0K
Prepaid Expenses
Receivables $1.520M $1.200M
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.528M $3.026M
YoY Change 82.68% -28.09%
LONG-TERM ASSETS
Property, Plant & Equipment $423.0K $436.0K
YoY Change -2.98% -34.24%
Goodwill $1.907M
YoY Change
Intangibles $494.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $109.0K $110.0K
YoY Change -0.91% 266.67%
Total Long-Term Assets $2.933M $3.588M
YoY Change -18.26% 6.37%
TOTAL ASSETS
Total Short-Term Assets $5.528M $3.026M
Total Long-Term Assets $2.933M $3.588M
Total Assets $8.461M $6.614M
YoY Change 27.93% -12.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.739M $2.940M
YoY Change -40.85% -52.43%
Accrued Expenses $745.0K $599.0K
YoY Change 24.37% -50.78%
Deferred Revenue $3.406M
YoY Change
Short-Term Debt $0.00 $280.0K
YoY Change -100.0% -17.65%
Long-Term Debt Due $100.0K
YoY Change -65.87%
Total Short-Term Liabilities $6.307M $6.412M
YoY Change -1.64% -23.83%
LONG-TERM LIABILITIES
Long-Term Debt $1.748M $850.0K
YoY Change 105.65% -8.01%
Other Long-Term Liabilities $48.00K $23.00K
YoY Change 108.7% -43.9%
Total Long-Term Liabilities $1.796M $23.00K
YoY Change 7708.7% -97.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.307M $6.412M
Total Long-Term Liabilities $1.796M $23.00K
Total Liabilities $8.253M $7.280M
YoY Change 13.37% -22.41%
SHAREHOLDERS EQUITY
Retained Earnings -$67.26M -$68.19M
YoY Change -1.37% -0.79%
Common Stock $2.000K $2.000K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.536M
YoY Change
Treasury Stock Shares $769.0K 759.0 shares
Shareholders Equity $208.0K -$1.165M
YoY Change
Total Liabilities & Shareholders Equity $8.461M $6.114M
YoY Change 38.39% -19.35%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $317.0K -$24.00K
YoY Change -1420.83% -85.8%
Depreciation, Depletion And Amortization $100.0K $125.0K
YoY Change -20.0% 14.68%
Cash From Operating Activities $1.580M -$80.00K
YoY Change -2075.0% -109.3%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K -$50.00K
YoY Change 100.0% -50.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$100.0K -$50.00K
YoY Change 100.0% -50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -150.0K
YoY Change -100.0% -86.11%
NET CHANGE
Cash From Operating Activities 1.580M -80.00K
Cash From Investing Activities -100.0K -50.00K
Cash From Financing Activities 0.000 -150.0K
Net Change In Cash 1.480M -280.0K
YoY Change -628.57% -12.5%
FREE CASH FLOW
Cash From Operating Activities $1.580M -$80.00K
Capital Expenditures -$100.0K -$50.00K
Free Cash Flow $1.680M -$30.00K
YoY Change -5700.0% -103.13%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q2 tssi Dilutive Securities Effect On Basic Earnings Per Share Dilutive Convertible Securities Interest Expense
DilutiveSecuritiesEffectOnBasicEarningsPerShareDilutiveConvertibleSecuritiesInterestExpense
CY2017Q2 tssi Dilutive Securities Effect On Basic Earnings Per Share Dilutive Convertible Securities Interest Expense
DilutiveSecuritiesEffectOnBasicEarningsPerShareDilutiveConvertibleSecuritiesInterestExpense
tssi Dilutive Securities Effect On Basic Earnings Per Share Dilutive Convertible Securities Interest Expense
DilutiveSecuritiesEffectOnBasicEarningsPerShareDilutiveConvertibleSecuritiesInterestExpense
tssi Dilutive Securities Effect On Basic Earnings Per Share Dilutive Convertible Securities Interest Expense
DilutiveSecuritiesEffectOnBasicEarningsPerShareDilutiveConvertibleSecuritiesInterestExpense
4000
CY2017Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
68886000
CY2018Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8000
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
43000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
20000
CY2018Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
69001000
CY2018Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2901000
CY2017Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2841000
CY2018Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1739000
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1413000
CY2018Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1532000
CY2017Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
998000
CY2018Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
745000
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
847000
CY2018Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1757000
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1620000
CY2018Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33000
CY2017Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
36000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
67000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
74000
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000
CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3282000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3496000
CY2018Q2 us-gaap Assets
Assets
8461000
CY2017Q4 us-gaap Assets
Assets
6727000
CY2018Q2 us-gaap Assets Current
AssetsCurrent
5528000
CY2017Q4 us-gaap Assets Current
AssetsCurrent
3729000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2268000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2152000
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3312000
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1026000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1044000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1126000
CY2018Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2017Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2018Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
49000000
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
49000000
CY2018Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
16286000
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
16316000
CY2018Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
15517000
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
15547000
CY2018Q2 us-gaap Common Stock Value
CommonStockValue
2000
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
2000
CY2017Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
89000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
139000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
189000
CY2018Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
67000
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-style: italic;">Concentration of Credit Risk </div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">We are currently economically dependent upon our relationship with a large US-based IT Original Equipment Manufacturer (OEM). If this relationship is unsuccessful or discontinues, our business and revenue would materially suffer. The loss of or a significant reduction in orders from this customer or the failure to provide adequate products or services to it would significantly reduce our revenue.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">The following customers accounted for a significant percentage of our revenues for the periods shown:&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 10%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; margin-left: 36pt; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Three months ended June 30,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td colspan="5" rowspan="1" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div><div style="display: inline; font-weight: bold;">&nbsp;</div> <div style=" font-size: 10pt; margin: 0pt; display: inline !important;"><div style="display: inline; font-weight: bold; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Six</div><div style="display: inline; font-weight: bold;"> Months Ended </div><div style="display: inline; font-weight: bold;">June 30</div><div style="display: inline; font-weight: bold;">,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2017</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">201</div><div style="display: inline; font-weight: bold;">8</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">201</div><div style="display: inline; font-weight: bold;">7</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> <td>&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 44%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">US-based IT OEM</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">67</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">63</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">71</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">63</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Global IT services company</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">No</div> other customers represented more than <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10%</div> of our revenues for any periods presented. Our US-based IT OEM customer represented <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">24%</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">26%</div> of our accounts receivable at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 30, 2018 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2017, </div>respectively. A US-based electronic equipment manufacturer represented <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">22%</div> of our accounts receivable at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2017. </div>A US-based technology consulting company represented <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15%</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">23%</div> of our accounts receivable at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 30, 2018 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2017, </div>respectively. A US-based data center operator represented <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15%</div> of our accounts receivable at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 30, 2018. </div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">No</div> other customer represented more than <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10%</div> of our accounts receivable at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 30, 2018 </div>or at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2017.</div></div></div></div>
CY2018Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
3406000
CY2017Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2494000
CY2018Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
150000
CY2017Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
CY2018Q2 us-gaap Cost Of Services Excluding Depreciation Depletion And Amortization
CostOfServicesExcludingDepreciationDepletionAndAmortization
3302000
CY2017Q2 us-gaap Cost Of Services Excluding Depreciation Depletion And Amortization
CostOfServicesExcludingDepreciationDepletionAndAmortization
2444000
us-gaap Cost Of Services Excluding Depreciation Depletion And Amortization
CostOfServicesExcludingDepreciationDepletionAndAmortization
6285000
us-gaap Cost Of Services Excluding Depreciation Depletion And Amortization
CostOfServicesExcludingDepreciationDepletionAndAmortization
4974000
CY2018Q2 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
325000
CY2017Q4 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
223000
CY2018Q2 us-gaap Depreciation
Depreciation
67000
CY2017Q2 us-gaap Depreciation
Depreciation
87000
us-gaap Depreciation
Depreciation
139000
us-gaap Depreciation
Depreciation
189000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
206000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
263000
CY2018Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
100000
CY2017Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
125000
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
567000
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
321000
CY2018Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
405000
CY2018Q2 us-gaap Goodwill
Goodwill
1907000
CY2018Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
CY2017Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
338000
CY2017Q4 us-gaap Goodwill
Goodwill
1907000
CY2017 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2018Q2 us-gaap Gross Profit
GrossProfit
2065000
CY2017Q2 us-gaap Gross Profit
GrossProfit
1754000
us-gaap Gross Profit
GrossProfit
3931000
us-gaap Gross Profit
GrossProfit
3613000
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-3000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
428000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
219000
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19000
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10000
us-gaap Income Taxes Paid
IncomeTaxesPaid
39000
us-gaap Income Taxes Paid
IncomeTaxesPaid
19000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
60000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2375000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1062000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
270000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
49000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-37000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
63000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
7000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-39000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
153000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
210000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
534000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-1194000
us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
102000
us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
-239000
CY2018Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
2882000
CY2017Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
2906000
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1065000
CY2018Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
CY2017Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
13000
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
494000
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
561000
CY2018Q2 us-gaap Interest Expense
InterestExpense
111000
CY2017Q2 us-gaap Interest Expense
InterestExpense
74000
us-gaap Interest Expense
InterestExpense
204000
us-gaap Interest Expense
InterestExpense
151000
CY2018Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-111000
CY2017Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-74000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-204000
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-151000
us-gaap Interest Paid Net
InterestPaidNet
116000
us-gaap Interest Paid Net
InterestPaidNet
132000
CY2018Q2 us-gaap Inventory Net
InventoryNet
97000
CY2017Q4 us-gaap Inventory Net
InventoryNet
134000
CY2018Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
99000
CY2017Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
136000
us-gaap Proceeds From Repayments Of Accounts Receivable Securitization
ProceedsFromRepaymentsOfAccountsReceivableSecuritization
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
1656000
CY2018Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6727000
CY2018Q2 us-gaap Liabilities Current
LiabilitiesCurrent
6307000
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
5335000
CY2018Q2 us-gaap Long Term Debt
LongTermDebt
1748000
CY2018Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2000
CY2017Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2000
CY2018Q2 us-gaap Liabilities
Liabilities
8253000
CY2017Q4 us-gaap Liabilities
Liabilities
7032000
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8461000
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
CY2018Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1748000
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1656000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-604000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-144000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
234000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1188000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-756000
us-gaap Net Income Loss
NetIncomeLoss
398000
us-gaap Net Income Loss
NetIncomeLoss
229000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
319000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
-24000
CY2018Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
319000
CY2017Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-24000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3000
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
398000
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
225000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
1616000
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
1680000
us-gaap Operating Expenses
OperatingExpenses
3299000
us-gaap Operating Expenses
OperatingExpenses
3240000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
449000
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
74000
us-gaap Operating Income Loss
OperatingIncomeLoss
632000
us-gaap Operating Income Loss
OperatingIncomeLoss
373000
CY2018Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
12000
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14000
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
109000
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
112000
CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
48000
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
41000
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
144000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
80000
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
270000
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
114000
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
314000
us-gaap Proceeds From Repayments Of Accounts Receivable Securitization
ProceedsFromRepaymentsOfAccountsReceivableSecuritization
-453000
CY2018Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
769000
CY2018Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2180000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2038000
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
423000
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
418000
CY2018Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
1524000
CY2017Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
990000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
150000
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-67259000
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-67657000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5367000
CY2017Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4198000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10216000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8587000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
208000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-305000
us-gaap Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-style: italic;">Equipment </div><div style="display: inline; font-style: italic;">s</div><div style="display: inline; font-style: italic;">ales</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">We generate revenues under fixed price contracts from the sale of data center and related ancillary equipment to customers in the United States. We recognize revenue when the product is shipped to the customer as that is when the customer obtains control of the promised goods. Typically, we do <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> receive advance payments for equipment sales, however if we do, we record the advance payment as deferred revenue. Normally we record accounts receivable at the time of shipment, when our right to the consideration has become unconditional. Accounts receivable from our equipment sales are typically due within <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">30</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">45</div> days of invoicing.</div></div></div>
us-gaap Revenue Recognition Sales Of Services
RevenueRecognitionSalesOfServices
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-style: italic;">Maintenance services</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-style: italic;">&nbsp;</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">We generate maintenance services revenues from fees that provide our customers with as-needed maintenance and repair services on modular data centers during the contract term. Our contracts are typically <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> year in duration, are billed annually in advance, and are non-cancellable. As a result, we record deferred revenue (a contract liability) and recognize revenue from these services on a ratable basis over the contract term. We can mitigate our exposure to credit losses by discontinuing services in the event of non-payment, however our history of non-payments and bad debt expense has been insignificant.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-style: italic;">Integration </div><div style="display: inline; font-style: italic;">s</div><div style="display: inline; font-style: italic;">ervices</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">We generate integration services revenues from fees that provide our customers with customized system and rack-level integration services. We recognize revenue upon shipment to the customer of the completed systems as this is when we have completed our services and when the customer obtains control of the promised goods. We typically extend credit terms to our integration customers based on their credit worthiness and generally do <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> receive advance payments. As such, we record accounts receivable at the time of shipment, when our right to the consideration becomes unconditional. Accounts receivable from our integration customers are typically due within <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">30</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">60</div> days of invoicing. An allowance for doubtful accounts is provided based on a periodic analysis of individual account balances, including an evaluation of days outstanding, payment history, recent payment trends, and our assessment of our customers&#x2019; credit worthiness. As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 30, 2018 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2017, </div>our allowance for doubtful accounts was&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$8,000.</div></div></div></div>
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1516000
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1555000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3093000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3298000
us-gaap Share Based Compensation
ShareBasedCompensation
115000
us-gaap Share Based Compensation
ShareBasedCompensation
37000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
115000
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
769000
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
1536000
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1536000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19159000
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15497000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19029000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16590000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16277000
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15497000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16123000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15512000

Files In Submission

Name View Source Status
0001437749-18-015604-index-headers.html Edgar Link pending
0001437749-18-015604-index.html Edgar Link pending
0001437749-18-015604.txt Edgar Link pending
0001437749-18-015604-xbrl.zip Edgar Link pending
ex_118426.htm Edgar Link pending
ex_118427.htm Edgar Link pending
ex_118428.htm Edgar Link pending
ex_118429.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx 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
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
tssi-20180630.xml Edgar Link completed
tssi-20180630.xsd Edgar Link pending
tssi-20180630_cal.xml Edgar Link unprocessable
tssi-20180630_def.xml Edgar Link unprocessable
tssi-20180630_lab.xml Edgar Link unprocessable
tssi-20180630_pre.xml Edgar Link unprocessable
tssi20180630_10q.htm Edgar Link pending