$ZDGE
Zedge, Inc.

2023 Q1 Form 10-Q Financial Statement

#000121390023021010 Filed on March 17, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q1
Revenue $6.983M $6.915M
YoY Change 0.98% 30.13%
Cost Of Revenue $632.0K $342.0K
YoY Change 84.8% 9.27%
Gross Profit $6.351M $6.573M
YoY Change -3.38% 31.43%
Gross Profit Margin 90.95% 95.05%
Selling, General & Admin $5.871M $3.106M
YoY Change 89.02% 43.86%
% of Gross Profit 92.44% 47.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $815.0K $360.0K
YoY Change 126.39% 11.11%
% of Gross Profit 12.83% 5.48%
Operating Expenses $5.871M $3.466M
YoY Change 69.39% 39.59%
Operating Profit $1.458M $3.107M
YoY Change -53.07% 23.39%
Interest Expense $2.030M -$71.00K
YoY Change -2959.15% -189.87%
% of Operating Profit 139.23% -2.29%
Other Income/Expense, Net $39.00K
YoY Change
Pretax Income $1.695M $3.036M
YoY Change -44.17% 16.9%
Income Tax $89.00K $711.0K
% Of Pretax Income 5.25% 23.42%
Net Earnings $1.606M $2.325M
YoY Change -30.92% 2.06%
Net Earnings / Revenue 23.0% 33.62%
Basic Earnings Per Share $0.11 $0.16
Diluted Earnings Per Share $0.11 $155.3K
COMMON SHARES
Basic Shares Outstanding 14.09M shares 14.30M shares
Diluted Shares Outstanding 14.26M shares 14.97M shares

Balance Sheet

Concept 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.46M $30.02M
YoY Change -41.83% 120.58%
Cash & Equivalents $17.46M $30.02M
Short-Term Investments
Other Short-Term Assets $1.334M $393.0K
YoY Change 239.44% 50.57%
Inventory
Prepaid Expenses $1.334M
Receivables $2.788M $3.241M
Other Receivables $0.00 $0.00
Total Short-Term Assets $21.58M $33.65M
YoY Change -35.87% 100.57%
LONG-TERM ASSETS
Property, Plant & Equipment $1.933M $1.965M
YoY Change -1.63% -22.27%
Goodwill $10.72M
YoY Change
Intangibles $19.87M
YoY Change
Long-Term Investments
YoY Change
Other Assets $326.0K $650.0K
YoY Change -49.85% 330.46%
Total Long-Term Assets $33.67M $11.33M
YoY Change 197.14% 126.26%
TOTAL ASSETS
Total Short-Term Assets $21.58M $33.65M
Total Long-Term Assets $33.67M $11.33M
Total Assets $55.25M $44.98M
YoY Change 22.83% 106.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.381M $417.0K
YoY Change 231.18% 51.64%
Accrued Expenses $3.174M $2.365M
YoY Change 34.21% 74.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.360M $6.847M
YoY Change 7.49% 89.72%
LONG-TERM LIABILITIES
Long-Term Debt $1.983M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $96.00K
YoY Change
Total Long-Term Liabilities $1.983M $96.00K
YoY Change 1965.63% -55.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.360M $6.847M
Total Long-Term Liabilities $1.983M $96.00K
Total Liabilities $9.343M $6.943M
YoY Change 34.57% 81.42%
SHAREHOLDERS EQUITY
Retained Earnings $3.597M
YoY Change
Common Stock $5.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.323M
YoY Change
Treasury Stock Shares 522.0K shares
Shareholders Equity $45.91M $38.04M
YoY Change
Total Liabilities & Shareholders Equity $55.25M $44.98M
YoY Change 22.83% 106.48%

Cashflow Statement

Concept 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $1.606M $2.325M
YoY Change -30.92% 2.06%
Depreciation, Depletion And Amortization $815.0K $360.0K
YoY Change 126.39% 11.11%
Cash From Operating Activities $39.00K $2.985M
YoY Change -98.69% 31.27%
INVESTING ACTIVITIES
Capital Expenditures $372.0K -$135.0K
YoY Change -375.56% -27.42%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$372.0K -$135.0K
YoY Change 175.56% -27.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.000K
YoY Change -99.87%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -679.0K 7.000K
YoY Change -9800.0% -99.86%
NET CHANGE
Cash From Operating Activities 39.00K 2.985M
Cash From Investing Activities -372.0K -135.0K
Cash From Financing Activities -679.0K 7.000K
Net Change In Cash -1.012M 2.857M
YoY Change -135.42% -60.37%
FREE CASH FLOW
Cash From Operating Activities $39.00K $2.985M
Capital Expenditures $372.0K -$135.0K
Free Cash Flow -$333.0K $3.120M
YoY Change -110.67% 26.83%

Facts In Submission

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dei Document Period End Date
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2023-01-31
dei Document Fiscal Year Focus
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dei City Area Code
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dei Document Transition Report
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dei Entity File Number
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dei Entity Registrant Name
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ZEDGE, INC.
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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dei Security12b Title
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PaymentsToDevelopSoftware
305000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
53000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1683000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-323000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
2000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
18000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
989000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
232000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
993000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-225000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-57000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-23000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
374000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5108000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17085000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24908000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17459000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30016000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
711000 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
309000 usd
us-gaap Interest Paid Net
InterestPaidNet
31000 usd
zdge Escrow Fund
EscrowFund
4776000 usd
zdge Due To Seller
DueToSeller
1923000 usd
us-gaap Legal Fees
LegalFees
12000 usd
us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
6711000 usd
us-gaap Stock Issued1
StockIssued1
45000 usd
CY2022 zdge Deferred Revenue Balance
DeferredRevenueBalance
1700000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
191663 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of Estimates</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the Company’s unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, as well as related disclosure of contingent assets and liabilities. Actual results could differ materially from the Company’s estimates due to risks and uncertainties, including uncertainty in the current economic environment due to various global events. To the extent that there are material differences between these estimates and actual results, the Company’s financial condition or operating results will be affected. The Company bases its estimates on past experience and other assumptions that the Company believes are reasonable under the circumstances, and the Company evaluates these estimates on an ongoing basis.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 21.3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q1 us-gaap Revenues
Revenues
6983000 usd
CY2022Q1 us-gaap Revenues
Revenues
6915000 usd
us-gaap Revenues
Revenues
13883000 usd
us-gaap Revenues
Revenues
12943000 usd
CY2022Q2 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
2000000 usd
zdge Deferred Revenue Balance
DeferredRevenueBalance
1200000 usd
zdge Unsatisfied Performance Obligations Description
UnsatisfiedPerformanceObligationsDescription
The Company records deferred revenues related to the unsatisfied performance obligations with respect to subscription revenue. The Company’s deferred revenue balance related to paid subscriptions was approximately $1.4 million related to approximately 654,000 active subscribers, and approximately $1.5 million, related to approximately 692,000 active subscribers as of January 31, 2023 and July 31, 2022, respectively. The amount of revenue related to subscribers recognized in the six months ended January 31, 2023 that was included in the deferred balance at July 31, 2022 was $1.1 million. 
CY2023Q1 us-gaap Foreign Currency Fair Value Hedge Asset At Fair Value
ForeignCurrencyFairValueHedgeAssetAtFairValue
86000 usd
CY2022Q3 us-gaap Shortterm Debt Fair Value
ShorttermDebtFairValue
215000 usd
CY2022Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1728000 usd
CY2022Q3 us-gaap Foreign Currency Fair Value Hedge Liability At Fair Value
ForeignCurrencyFairValueHedgeLiabilityAtFairValue
141000 usd
CY2023Q1 us-gaap Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
1943000000 usd
zdge Description Of Location Of Foreign Currency Derivatives On Balance Sheet1
DescriptionOfLocationOfForeignCurrencyDerivativesOnBalanceSheet1
Other current assets
CY2023Q1 us-gaap Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
86000 usd
zdge Description Of Location Of Foreign Currency Derivatives On Balance Sheet Liabilities
DescriptionOfLocationOfForeignCurrencyDerivativesOnBalanceSheetLiabilities
Accrued expenses and other current liabilities
CY2022Q3 us-gaap Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
141000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
17000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
232000 usd
CY2022Q4 us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
2.27
zdge Statement Of Comprehensive Loss Location
StatementOfComprehensiveLossLocation
Net gain (loss) resulting from foreign exchange transactions
CY2023Q1 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
185000 usd
CY2022Q1 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-127000 usd
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
64000 usd
us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-117000 usd
CY2023Q1 zdge Preliminary Purchase Price
PreliminaryPurchasePrice
5900000 usd
CY2023Q1 us-gaap Business Combination Assets Arising From Contingencies Amount Recognized Other Than At Fair Value
BusinessCombinationAssetsArisingFromContingenciesAmountRecognizedOtherThanAtFairValue
0 usd
zdge Business Combination And Assets Acquisition Description
BusinessCombinationAndAssetsAcquisitionDescription
the Company has committed to a retention pool of $4 million in cash and 626,242 shares of the Company Class B common stock (the number of shares was determined based on a value of $4 million or $6.39 per share which was the volume weighted average closing prices of the Class B common stock on the NYSE American Exchange for the thirty trading days ended April 12, 2022) for GuruShots’ founders and employees that will be payable or vest, as applicable, over three years from April 1, 2022 based on the beneficiaries thereof remaining employed by the Company or a subsidiary.
us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
15242000 usd
us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
2700000 usd
zdge Cash Deducted From Purchase Price And Contirbuted To Guru Shots Working Capital
CashDeductedFromPurchasePriceAndContirbutedToGuruShotsWorkingCapital
58000 usd
zdge Fair Value Of Contingent Consideration To Be Achieved At Year1
FairValueOfContingentConsiderationToBeAchievedAtYear1
3396000 usd
zdge Fair Value Of Contingent Consideration To Be Achieved At Year2
FairValueOfContingentConsiderationToBeAchievedAtYear2
2508000 usd
zdge Fair Value Of Total Consideration Transferred
FairValueOfTotalConsiderationTransferred
23904000 usd
zdge Total Purchase Price Net Of Cash Acquired
TotalPurchasePriceNetOfCashAcquired
23384000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
520000 usd
CY2023Q1 us-gaap Accounts Receivable From Securitization
AccountsReceivableFromSecuritization
282000 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
145000 usd
CY2023Q1 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
17000 usd
us-gaap Additions To Other Assets Amount
AdditionsToOtherAssetsAmount
151000 usd
CY2023Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1351000 usd
CY2023Q1 zdge Operating Lease Liabilities Current
OperatingLeaseLiabilitiesCurrent
53000 usd
CY2023Q1 zdge Operating Lease Liabilities Noncurrent
OperatingLeaseLiabilitiesNoncurrent
34000 usd
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
15320000 usd
CY2023Q1 us-gaap Goodwill Gross
GoodwillGross
8907000 usd
zdge Total Purchase Price
TotalPurchasePrice
23904000 usd
CY2023Q1 us-gaap Retention Payable
RetentionPayable
1100000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
15320000 usd
us-gaap Goodwill Subsequent Recognition Of Deferred Tax Asset
GoodwillSubsequentRecognitionOfDeferredTaxAsset
8900000 usd
CY2023Q1 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
180000000 usd
CY2021Q3 us-gaap Customer Funds
CustomerFunds
4800000 usd
zdge Intangible Assets Estimated Useful Lives
IntangibleAssetsEstimatedUsefulLives
fifteen years
CY2023Q1 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year One
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearOne
1158000 usd
CY2023Q1 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Two
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearTwo
2315000 usd
CY2023Q1 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Three
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearThree
2315000 usd
CY2023Q1 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Four
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearFour
2315000 usd
CY2023Q1 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Five
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearFive
2315000 usd
CY2023Q1 zdge Present Value Of Future Insurance Profits Amortization Expense Therfore
PresentValueOfFutureInsuranceProfitsAmortizationExpenseTherfore
9449000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
19866000 usd
CY2023Q1 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
1200000 usd
CY2022Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
200000 usd
CY2022Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
10788000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-72000 usd
CY2023Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
10716000 usd
CY2023Q1 us-gaap Accrued Vacation Current
AccruedVacationCurrent
646000 usd
CY2022Q3 us-gaap Accrued Vacation Current
AccruedVacationCurrent
585000 usd
CY2023Q1 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
39000 usd
CY2022Q3 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
169000 usd
CY2023Q1 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
225000 usd
CY2022Q3 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
214000 usd
CY2023Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
1654000 usd
CY2022Q3 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
1084000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
166000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
262000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
119000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
142000 usd
CY2022Q3 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
141000 usd
CY2023Q1 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
313000 usd
CY2022Q3 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
301000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
12000 usd
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
3174000 usd
CY2022Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
2898000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y
zdge Share Based Compensation Arrangement By Share Based Payment Award Options Restricted Stock Units Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsRestrictedStockUnitsContractualTerm
P3Y
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
788000 usd
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
489000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
0.611 pure
us-gaap Share Based Compensation
ShareBasedCompensation
1378000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
808000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
0.705 pure
zdge Incremental Stock Based Compensation
IncrementalStockBasedCompensation
87000 usd
us-gaap Other Expenses
OtherExpenses
43000 usd
zdge Recognized Expenses
RecognizedExpenses
44000 usd
CY2023Q1 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
14087000 shares
CY2022Q1 us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
14297000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
14208000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding
WeightedAverageLimitedPartnershipUnitsOutstanding
14289000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
163000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
584000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
223000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
624000 shares
CY2023Q1 zdge Nonvested Restricted Class B Common Stock
NonvestedRestrictedClassBCommonStock
4000 shares
CY2022Q1 zdge Nonvested Restricted Class B Common Stock
NonvestedRestrictedClassBCommonStock
68000 shares
zdge Nonvested Restricted Class B Common Stock
NonvestedRestrictedClassBCommonStock
5000 shares
zdge Nonvested Restricted Class B Common Stock
NonvestedRestrictedClassBCommonStock
72000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
5000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
22000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
22000 shares
CY2023Q1 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
14259000 shares
CY2022Q1 us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
14971000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
14440000 shares
us-gaap Weighted Average Limited Partnership Units Outstanding Diluted
WeightedAverageLimitedPartnershipUnitsOutstandingDiluted
15007000 shares
CY2023Q1 us-gaap Stock Dividends Shares
StockDividendsShares
227000 shares
CY2022Q1 us-gaap Stock Dividends Shares
StockDividendsShares
65000 shares
us-gaap Stock Dividends Shares
StockDividendsShares
106000 shares
us-gaap Stock Dividends Shares
StockDividendsShares
57000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
617000 shares
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
617000 shares
CY2023Q1 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
228000 shares
CY2022Q1 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
289000 shares
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
228000 shares
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
230000 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1072000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
354000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
951000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
287000 shares
CY2023Q1 us-gaap Other Commitment Due In Second And Third Year
OtherCommitmentDueInSecondAndThirdYear
4000000 usd
CY2016Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
2500000 usd
CY2020Q3 us-gaap Debt Instrument Redemption Price Percentage Of Principal Amount Redeemed
DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed
0.035 pure
CY2020Q3 zdge Prime Rate Plus Percentage
PrimeRatePlusPercentage
0.0125 pure
us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
Previously the interest rate was capped at 5.0%. Interest was payable monthly and all outstanding principal and any accrued and unpaid interest was due on the maturity date of September 26, 2022.
us-gaap Line Of Credit Facility Collateral Fees Amount
LineOfCreditFacilityCollateralFeesAmount
10000000 usd
CY2022Q4 us-gaap Line Of Credit Facility Borrowing Capacity Description
LineOfCreditFacilityBorrowingCapacityDescription
On October 28, 2022, the Company entered into an Amended and Restated Loan and Security Agreement (“Amended Loan Agreement”) with Western Alliance Bank. Pursuant to the Amended Loan Agreement, Western Alliance Bank agreed to provide the Company with a new term loan facility in the maximum principal amount of $7 million for a four-year term and a $4 million revolving credit facility for a two-year term.
CY2023Q1 us-gaap Line Of Credit Facility Capacity Available For Trade Purchases
LineOfCreditFacilityCapacityAvailableForTradePurchases
2000000 usd
CY2022Q4 us-gaap Line Of Credit Facility Periodic Payment Principal
LineOfCreditFacilityPeriodicPaymentPrincipal
2000000 usd
CY2022Q4 us-gaap Line Of Credit Facility Periodic Payment
LineOfCreditFacilityPeriodicPayment
5000000 usd
us-gaap Line Of Credit Facility Annual Principal Payment
LineOfCreditFacilityAnnualPrincipalPayment
1000000 usd
CY2023Q1 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.10 pure
zdge Balance Of Maximum Debts
BalanceOfMaximumDebts
To be agreed upon
CY2016Q4 us-gaap Line Of Credit Facility Borrowing Capacity Description
LineOfCreditFacilityBorrowingCapacityDescription
As of November 16, 2016, the Company entered into a Foreign Exchange Agreement with Western Alliance Bank to allow the Company to enter into foreign exchange contracts not to exceed $5.0 million in the aggregate at any point in time under its revolving credit facility. This limit was raised to approximately $7.5 million pursuant to the Loan and Security Modification Agreement dated May 30, 2018. The available borrowing under the revolving credit facility is reduced by an applicable foreign exchange reserve percentage as determined by Western Alliance Bank, in its reasonable discretion from time to time, which was set at 10% of the nominal amount of the foreign exchange contracts in effect at the relevant time.
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
usd
zdge Loan Forgiveness
LoanForgiveness
usd
zdge Investment In Private Company
InvestmentInPrivateCompany
usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
CY2023Q1 us-gaap Revenues
Revenues
6983000 usd
CY2022Q1 us-gaap Revenues
Revenues
6915000 usd
CY2022Q1 zdge Change Total Revenue Percentage
ChangeTotalRevenuePercentage
0.01 pure
us-gaap Revenues
Revenues
13883000 usd
us-gaap Revenues
Revenues
12943000 usd
zdge Change Total Revenue Percentage
ChangeTotalRevenuePercentage
0.073 pure
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1458000 usd
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
3107000 usd
CY2022Q1 zdge Change Of Segment Incomeloss From Operation
ChangeOfSegmentIncomelossFromOperation
-0.531 pure
us-gaap Operating Income Loss
OperatingIncomeLoss
1257000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
5695000 usd
zdge Change Of Segment Incomeloss From Operation
ChangeOfSegmentIncomelossFromOperation
-0.779 pure
CY2023Q1 zdge United States Assets
UnitedStatesAssets
7471000 usd
CY2023Q1 zdge Foreign Long Lived Assets Net
ForeignLongLivedAssetsNet
14604000 usd
CY2023Q1 zdge Long Lived Assets Net Total
LongLivedAssetsNetTotal
22075000 usd
CY2022Q3 zdge United States Assets
UnitedStatesAssets
7818000 usd
CY2022Q3 zdge Foreign Long Lived Assets Net
ForeignLongLivedAssetsNet
15217000 usd
CY2022Q3 zdge Long Lived Assets Net Total
LongLivedAssetsNetTotal
23035000 usd
CY2023Q1 zdge United States Total Assets
UnitedStatesTotalAssets
26896000 usd
CY2023Q1 zdge Foreign Assets
ForeignAssets
28354000 usd
CY2023Q1 zdge Assets Total
AssetsTotal
55250000 usd
CY2022Q3 zdge United States Total Assets
UnitedStatesTotalAssets
26229000 usd
CY2022Q3 zdge Foreign Assets
ForeignAssets
28397000 usd
CY2022Q3 zdge Assets Total
AssetsTotal
54626000 usd
us-gaap Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
usd
us-gaap Stock Issued1
StockIssued1
usd
CY2022Q3 us-gaap Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
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usd
CY2023Q1 us-gaap Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
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usd
CY2023Q1 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
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CY2022Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
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CY2022Q1 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
shares
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
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shares
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CY2023Q1 us-gaap Business Acquisitions Purchase Price Allocation Year Of Acquisition Net Effect On Income
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CY2023Q1 us-gaap Business Acquisitions Purchase Price Allocation Year Of Acquisition Net Effect On Income
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CY2023Q1 us-gaap Business Acquisitions Purchase Price Allocation Year Of Acquisition Net Effect On Income
BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome
2700000000 usd
CY2023Q1 us-gaap Business Acquisitions Purchase Price Allocation Year Of Acquisition Net Effect On Income
BusinessAcquisitionsPurchasePriceAllocationYearOfAcquisitionNetEffectOnIncome
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CY2023Q1 us-gaap Loans Payable
LoansPayable
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CY2023Q1 us-gaap Other Liabilities Noncurrent
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--07-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001667313

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