Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | May 12, 2017 | |
Document And Entity Information | ||
Entity Registrant Name | hopTo Inc. | |
Entity Central Index Key | 1,021,435 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2017 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 9,804,400 | |
Trading Symbol | HPTO | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2,017 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Current Assets: | ||
Cash | $ 673,100 | $ 546,200 |
Accounts receivable, net | 183,800 | 355,300 |
Prepaid expenses | 35,400 | 38,700 |
Total Current Assets | 892,300 | 940,200 |
Property and equipment, net | 124,600 | 143,300 |
Other assets | 109,000 | 109,000 |
Total Assets | 1,125,900 | 1,192,500 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 1,036,100 | 975,800 |
Deferred rent | 20,900 | 24,100 |
Capital lease | 4,600 | 6,800 |
Deferred revenue | 1,720,500 | 1,759,000 |
Other current liabilities | 766,200 | 571,100 |
Total Current Liabilities | 3,548,300 | 3,336,800 |
Deposit liability | 81,400 | 81,400 |
Deferred revenue | 1,557,500 | 1,694,600 |
Deferred rent | 2,600 | |
Total Liabilities | 5,187,200 | 5,115,400 |
Stockholders' Equity (Deficit): | ||
Preferred stock, $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding | ||
Common stock, $0.0001 par value, 195,000,000 shares authorized, 9,804,400 shares issued and outstanding at March 31, 2017 and December 31, 2016 | 14,700 | 14,700 |
Additional paid-in capital | 78,527,500 | 78,512,200 |
Accumulated deficit | (82,603,500) | (82,449,800) |
Total Stockholders’ Equity (Deficit) | (4,061,300) | (3,922,900) |
Total Liabilities and Stockholders’ Equity (Deficit) | $ 1,125,900 | $ 1,192,500 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2017 | Dec. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Preferred stock par value | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | ||
Preferred stock, shares outstanding | ||
Common stock par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 195,000,000 | 195,000,000 |
Common stock, shares issued | 9,804,400 | 9,804,400 |
Common stock, shares outstanding | 9,804,400 | 9,804,400 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Income Statement [Abstract] | ||
Revenue | $ 982,500 | $ 1,007,300 |
Costs of revenue | 18,800 | 53,800 |
Gross profit | 963,700 | 953,500 |
Operating expenses: | ||
Selling and marketing | 89,900 | 317,100 |
General and administrative | 641,100 | 678,100 |
Research and development | 385,000 | 885,800 |
Total operating expenses | 1,116,000 | 1,881,000 |
Loss from operations | (152,300) | (927,500) |
Other income (expense): | ||
Change in fair value of warrants liability | (47,300) | |
Other income (expense), net | (500) | 600 |
Loss before provision for income tax | (152,800) | (974,200) |
Provision for income tax | 900 | 700 |
Net loss | $ (153,700) | $ (974,900) |
Loss per share - basic and diluted | $ (0.02) | $ (0.10) |
Average weighted common shares outstanding - basic and diluted | 9,804,400 | 9,737,946 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-In Capital [Member] | Accumulated Deficit [Member] | Total |
Beginning balance at Dec. 31, 2015 | $ 14,600 | $ 78,189,300 | $ (80,596,900) | ||
Beginning balance, shares at Dec. 31, 2015 | 9,731,233 | ||||
Vesting of restricted stock awards | |||||
Vesting of restricted stock awards, shares | 13,275 | ||||
Stock-based compensation expense | 86,200 | ||||
Company payment of employee taxes for stock-based compensation | (1,500) | ||||
Net loss | (974,900) | (974,900) | |||
Ending balance at Mar. 31, 2016 | $ 14,600 | 78,274,000 | (81,571,800) | (3,283,200) | |
Ending balance, shares at Mar. 31, 2016 | 9,744,508 | ||||
Beginning balance at Dec. 31, 2016 | $ 14,700 | 78,512,200 | (82,449,800) | (3,922,900) | |
Beginning balance, shares at Dec. 31, 2016 | 9,804,400 | ||||
Vesting of restricted stock awards | |||||
Stock-based compensation expense | 15,300 | ||||
Company payment of employee taxes for stock-based compensation | |||||
Net loss | (153,700) | (153,700) | |||
Ending balance at Mar. 31, 2017 | $ 14,700 | $ 78,527,500 | $ (82,603,500) | $ (4,061,300) | |
Ending balance, shares at Mar. 31, 2017 | 9,804,400 |
Condensed Consolidated Stateme6
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Cash Flows Provided By and (Used In) Operating Activities: | ||
Net Loss | $ (153,700) | $ (974,900) |
Adjustments to reconcile net loss to net cash provided by and (used in) operating activities: | ||
Depreciation and amortization | 18,100 | 28,400 |
Stock-based compensation expense | 15,300 | 86,200 |
Company payments of employee taxes for stock-based compensation | (1,500) | |
Revenue deferred to future periods | 558,000 | 778,600 |
Recognition of deferred revenue | (733,600) | (873,900) |
Changes to allowance for doubtful accounts | (2,700) | (2,500) |
Change in fair value of derivative instruments warrants | 47,300 | |
Accretion of warrants liability for consulting services | 4,200 | |
Changes in severance liability | (5,900) | |
Changes in deferred rent | (5,800) | (5,100) |
Interest accrued for capital lease | 100 | 300 |
Loss /(gain) on disposal of fixed assets | 600 | (200) |
Changes in operating assets and liabilities: | ||
Accounts receivable | 174,200 | 4,300 |
Prepaid expenses | 3,300 | (9,800) |
Accounts payable and accrued expenses | 60,300 | 222,300 |
Other current liabilities | 195,100 | |
Net Cash Provided By and (Used In) Operating Activities | 129,200 | (702,200) |
Cash Flows Provided By and (Used In) Investing Activities: | ||
Proceeds from sale of equipment | 200 | |
Net Cash Provided By and (Used In) Investing Activities | 200 | |
Cash Flows Provided By and (Used In ) Financing Activities: | ||
Payment of capital lease | (2,300) | (2,300) |
Net Cash Provided By and (Used In ) Financing Activities | (2,300) | (2,300) |
Net Increase (Decrease) in Cash | 126,900 | (704,300) |
Cash - Beginning of Period | 546,200 | 1,777,300 |
Cash - End of Period | $ 673,100 | $ 1,073,000 |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | 1. Basis of Presentation The unaudited condensed consolidated financial statements include the accounts of hopTo Inc. and its subsidiaries (collectively, “we”, “us” or “our”); significant intercompany accounts and transactions are eliminated upon consolidation. The unaudited condensed consolidated financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) applicable to interim financial information and the rules and regulations promulgated by the Securities and Exchange Commission (the “SEC”). Accordingly, such unaudited condensed consolidated financial statements do not include all information and footnote disclosures required in annual financial statements. The unaudited condensed consolidated financial statements included herein reflect all adjustments, which include only normal, recurring adjustments, that are, in our opinion, necessary to state fairly the results for the periods presented. This Quarterly Report on Form 10-Q should be read in conjunction with our audited consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2016 which was filed with the SEC on April 7, 2017 (“2016 10-K Report”). The interim results presented herein are not necessarily indicative of the results of operations that may be expected for the full fiscal year ending December 31, 2017 or any future period. |
Going Concern and Management's
Going Concern and Management's Liquidity Plans | 3 Months Ended |
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern and Management's Liquidity Plans | 2. Going Concern and Management’s Liquidity Plans The accompanying condensed consolidated financial statements have been prepared in conformity with GAAP, assuming we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. Accordingly, the condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern. We have incurred significant net losses since our inception. For the three months ended March 31, 2017, the Company incurred a net loss of $153,700. At March 31, 2017, the Company had an accumulated deficit of $82,603,500 and a working capital deficit of $2,656,000. Due to our inability to date to generate meaningful revenue from our hopTo Work business and our continued estimation that revenue from this product is unlikely in any reasonable time frame, our cash resources will not be sufficient to fund our business for the next 12 months. The Company’s ability to continue as a going concern is dependent on our ability to continue to generate revenue from our legacy GO-Global business and to raise additional capital through the issuance of new equity, debt financing, or from the sale of certain assets to meet short and long-term operating requirements. If the Company raises additional funds through the issuance of equity or convertible debt securities, the percentage ownership of our current shareholders could be reduced, and such securities might have rights, preferences or privileges senior to the Company’s common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, the Company may not be able to take advantage of prospective business endeavors or opportunities, which could significantly and materially restrict our operations. We are continuing to pursue external financing alternatives to improve our working capital position. If the Company is unable to obtain the necessary capital, the Company may have to cease operations. These factors raise substantial doubt about our ability to continue as a going concern. In order to maintain operations, we previously implemented significant expense reductions, including a limited number of employee layoffs, and continue to implement further costs and employment reductions. During the three month period ended September 30, 2016, our CEO and CFO voluntarily agreed with our board of directors to defer 50% of their salary beginning September 1, 2016 until such time as the Company can reasonably pay such compensation upon approval by the board of directors. Although maintaining our SEC filing status is a significant expense, we are considering all options to preserve value for shareholders, including potentially suspending or terminating our filing status, however we have not made any decision to do so. We have worked extensively to explore additional sources of capital including the issuance of new shares, securing debt financing, and the sale of assets including certain software products and patents. Although this process is ongoing and we are in active discussions with multiple parties, there is no guarantee that they will result in transactions that are sufficient to provide the Company with the required liquidity to remove the substantial doubt as to our ability to continue as a going concern. We are also in discussions with some parties about the possibility of other strategic transactions although there is no guarantee that these discussions will result in an actual transaction. The accompanying condensed consolidated financial statements do not include any adjustments that may result from the outcome of the uncertainties set forth above. |
Significant Accounting Policies
Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2017 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies | 3. Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates include: the amount of stock-based compensation expense; the allowance for doubtful accounts; the estimated lives, valuation, and amortization of intangible assets (including capitalized software); depreciation of long-lived assets; valuation of warrants; post-employment benefits, and accruals for liabilities. While we believe that such estimates are fair, actual results could differ materially from those estimates. Revenue Recognition We market and license our products indirectly through channel distributors, independent software vendors (“ISVs”), value-added resellers (“VARs”) (collectively, “resellers”) and directly to corporate enterprises, governmental and educational institutions and others. Our product licenses are perpetual. We also separately sell intellectual property licenses, maintenance contracts, which are comprised of license updates and customer service access, as well as other products and services. Software license revenues are recognized when: ● Persuasive evidence of an arrangement exists, (i.e., when we sign a non-cancellable license agreement wherein the customer acknowledges an unconditional obligation to pay, or upon receipt of the customer’s purchase order), and ● Delivery has occurred or services have been rendered and there are no uncertainties surrounding product acceptance (i.e., when title and risk of loss have been transferred to the customer, which occurs when the media containing the licensed program(s) is provided to a common carrier or, in the case of electronic delivery, when the customer is given access to the licensed program(s)), and ● The price to the customer is fixed or determinable, as typically evidenced in a signed non-cancellable contract, or a customer’s purchase order, and ● Collectability is probable. If collectability is not considered probable, revenue is recognized when the fee is collected. Revenue recognized on software arrangements involving multiple deliverables is allocated to each deliverable based on vendor-specific objective evidence (“VSOE”) or third party evidence of the fair values of each deliverable; such deliverables include licenses for software products, maintenance, private labeling fees, and customer training. We limit our assessment of VSOE for each deliverable to either the price charged when the same deliverable is sold separately or the price established by management having the relevant authority to do so, for a deliverable not yet sold separately. If sufficient VSOE of the fair value does not exist so as to permit the allocation of revenue to the various elements of the arrangement, all revenue from the arrangement is deferred until such evidence exists or until all elements are delivered. If VSOE of the fair value does not exist, and the only undelivered element is maintenance, then we recognize revenue on a ratable basis. If VSOE of the fair value of all undelivered elements exists but does not exist for one or more delivered elements, then revenue is recognized using the residual method. Under the residual method, the fair value of the undelivered elements is deferred and the remaining portion of the arrangement fee is recognized as revenue. Certain resellers (“stocking resellers”) purchase product licenses that they hold in inventory until they are resold to the ultimate end user (an “inventory stocking order”). At the time that a stocking reseller places an inventory stocking order, no product licenses are shipped by us to the stocking reseller; rather, the stocking reseller’s inventory is credited with the number of licenses purchased and the stocking reseller can resell (issue) any number of licenses from their inventory at any time. Upon receipt of an order to issue a license(s) from a stocking reseller’s inventory (a “draw down order”), we will ship the license(s) in accordance with the draw down order’s instructions. We defer recognition of revenue from inventory stocking orders until the underlying licenses are sold and shipped to the end user, as evidenced by the receipt and fulfillment of the stocking reseller’s draw down order, assuming all other revenue recognition criteria have been met. There are no rights of return granted to resellers or other purchasers of our software products. Revenue from maintenance contracts is recognized ratably over the related contract period, which generally ranges from one to five years. All of our software licenses are denominated in U.S. dollars. Deferred Rent The leases for both the Company’s current office in Campbell, California and the subleased former office in Campbell, California contain free rent and predetermined fixed escalations in our minimum rent payments. Rent expense related to these leases is recognized on a straight-line basis over the terms of the leases. Any difference between the straight-line rent amounts and amounts payable under the leases is recorded as part of deferred rent in current or long-term liabilities, as appropriate. The monthly rent payments due to the Company for the sublease of the office at 1919 S. Bascom Avenue fully offsets the rent payments due under the Company’s lease for that space. Incentives received upon entering into the lease agreement are recognized on a straight-line basis as a reduction to rent over the term of the lease. The unamortized portion of these incentives are recorded as a part of deferred rent in current or long-term liabilities, as appropriate. Long-Lived Assets Long-lived assets are assessed for possible impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable, whenever we have committed to a plan to dispose of the assets or, at a minimum, annually. Typically, for long-lived assets to be held and used, measurement of an impairment loss is based on the fair value of such assets, with fair value being determined based on appraisals, current market value, comparable sales value, and discounted future cash flows, among other variables, as appropriate. Assets to be held and used (which assets are affected by an impairment loss) are depreciated or amortized at their new carrying amount over their remaining estimated life; assets to be sold or otherwise disposed of are not subject to further depreciation or amortization. No such impairment charge was recorded during either of the three-month periods ended March 31, 2017 or 2016. Allowance for Doubtful Accounts We maintain an allowance for doubtful accounts that reflects our best estimate of potentially uncollectible trade receivables. The allowance is based on assessments of the collectability of specific customer accounts and the general aging and size of the accounts receivable. We regularly review the adequacy of our allowance for doubtful accounts by considering such factors as historical experience, credit worthiness, and current economic conditions that may affect a customer’s ability to pay. We specifically reserve for those accounts deemed uncollectible. We also establish, and adjust, a general allowance for doubtful accounts based on our review of the aging and size of our accounts receivable. The following table sets forth the details of the Allowance for Doubtful Accounts for the three-month periods ended March 31, 2017 and 2016: Beginning Balance Charge Offs Recoveries Change in Provision Ending Balance Three Months Ended March 31, 2017 $ 7,700 $ — $ — $ (2,700 ) $ 5,000 2016 $ 17,300 $ — $ — $ (2,500 ) $ 14,800 Concentration of Credit Risk For the three-month periods ended March 31, 2017 and 2016, respectively, we considered the customers listed in the following table to be our most significant customers. The table sets forth the percentage of sales attributable to each customer during the periods presented, and the respective customer’s ending accounts receivable balance as a percentage of reported accounts receivable, net, as of March 31, 2017 and 2016. Three Months Ended March 31, 2017 As of March 31, 2017 Three Months Ended March 31, 2016 As of March 31, 2016 Customer Sales Accounts Receivable Sales Accounts Receivable Centric 7.2 % 26.2 % 6.4 % 10.9 % Raytheon 10.0 % 0.0 % 5.5 % 3.4 % Thermo Lab Systems 6.3 % 19.2 % 7.0 % 9.2 % Uniface 4.6 % 14.5 % 3.1 % 2.0 % Total 28.10 % 55.90 % 22.0 % 25.5 % Fair Value of Financial Instruments The fair value of our accounts receivable, accounts payable and accrued liabilities approximate their carrying amounts due to the relative short maturities of these items. The fair value of warrants at issuance and for those recorded as a liability at each reporting date are determined in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) 820, “Fair Value Measurement,” ● Level 1: Defined as observable inputs, such as quoted (unadjusted) prices in active markets for identical assets or liabilities. ● Level 2: Defined as observable inputs other than quoted prices included in Level 1. This includes quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. ● Level 3: Defined as unobservable inputs to the valuation methodology that are supported by little or no market activity and that are significant to the measurement of the fair value of the assets or liabilities. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques, as well as significant management judgment or estimation. |
Property and Equipment
Property and Equipment | 3 Months Ended |
Mar. 31, 2017 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment | 4. Property and Equipment Property and equipment was: March 31, 2017 December 31, 2016 Equipment $ 248,700 $ 258,700 Furniture 190,600 190,600 Leasehold improvements 167,600 167,600 606,900 616,900 Less: accumulated depreciation and amortization 482,300 473,600 $ 124,600 $ 143,300 Aggregate property and equipment depreciation and amortization expense was $18,100 and $25,800 during the three-month periods ended March 31, 2017 and 2016, respectively. During the three month period ended March 31, 2017, we disposed of an equipment at a loss of $600 that was originally purchased for $10,000. |
Stock-Based Compensation
Stock-Based Compensation | 3 Months Ended |
Mar. 31, 2017 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock-Based Compensation | 5. Stock-Based Compensation The following table summarizes the stock-based compensation expense, net of amounts capitalized, we recorded in our Unaudited Condensed Consolidated Statements of Operations for the three-month periods ended March 31, 2017 and 2016, respectively, by classification: Three Months Ended March 31, Statement of Operations Classification 2017 2016 Costs of revenue $ 100 $ 3,100 Selling and marketing expense 100 14,100 General and administrative expense 15,100 53,100 Research and development expense — 15,900 $ 15,300 $ 86,200 |
Revenue
Revenue | 3 Months Ended |
Mar. 31, 2017 | |
Revenue Tables | |
Revenue | 6. Revenue Revenue for the three-month periods ended March 31, 2017 and 2016 was: 2017 Over (Under) 2016 Revenue 2017 2016 Dollars Percent Software Licenses Windows $ 283,000 $ 290,100 $ (7,100 ) -2.4 % UNIX/Linux 108,000 84,400 23,600 28.0 % 391,000 374,500 16,500 4.4 % Software Service Fees Windows 444,200 452,000 (7,800 ) -1.7 % UNIX/Linux 136,800 169,300 (32,500 ) -19.2 % 581,000 621,300 (40,300 ) -6.5 % Other 10,500 11,500 (1,000 ) -8.7 % Total Revenue $ 982,500 $ 1,007,300 $ (24,800 ) -2.5 % |
Cost of Revenue
Cost of Revenue | 3 Months Ended |
Mar. 31, 2017 | |
Cost of Revenue [Abstract] | |
Cost of Revenue | 7. Cost of Revenue Cost of revenue for the three-month periods ended March 31, 2017 and 2016 was: 2017 Over (Under) 2016 2017 2016 Dollars Percent Software service costs $ 15,500 $ 39,400 $ (23,900 ) -60.8 % Software product costs 3,300 14,400 (11,100 ) -77.1 % $ 18,800 $ 53,800 $ (35,000 ) -65.1 % |
Commitments and Contingencies
Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 8. Commitments and Contingencies Operating Leases On February 1, 2014, we had previously relocated our corporate offices to a larger suite within our landlord’s office complex in Campbell, California. We are currently leasing 10,659 square feet under a five-year lease that, unless renewed, will expire in October 2018. On August 11, 2015 we entered into a sublease agreement to sublease the entirety of the South Bascom office space to a third party. The term of the sublease extends from November 1, 2015 through the end of our office lease term for that space in October, 2018. The monthly rent payments due to hopTo under this sublease fully offset the monthly rent payments due to the landlord under hopTo’s lease for that space. On August 24, 2015, we entered into a new office lease for our corporate headquarters in Campbell, California which became effective on October 1, 2015, is better suited to our California operations and results in significant monthly savings. The term of this lease is from October 1, 2015 through September 30, 2018 (see Note 12). The following table sets forth the minimum lease payments we will be required to make throughout the remainder of the lease: Year Amount Remainder of 2017 $ 85,900 2018 68,300 $ 154,200 |
Supplemental Disclosure of Cash
Supplemental Disclosure of Cash Flow Information | 3 Months Ended |
Mar. 31, 2017 | |
Supplemental Cash Flow Elements [Abstract] | |
Supplemental Disclosure of Cash Flow Information | 9. Supplemental Disclosure of Cash Flow Information We disbursed $100 and $300 for the payment of interest expense during the three-month periods ended both March 31, 2017 and 2016, respectively. Such disbursement was for capital lease payments. We disbursed $700 and $300 for the payment of income taxes during the three-month period ended March 31, 2017 and 2016, respectively. Such disbursements were made for the payment of foreign income taxes related to the operation of our Israeli subsidiary, GraphOn Research Labs, Ltd. |
Earnings (Loss) Per Share
Earnings (Loss) Per Share | 3 Months Ended |
Mar. 31, 2017 | |
Earnings Per Share [Abstract] | |
Earnings (Loss) Per Share | 10. Earnings (Loss) Per Share Earnings or loss per share is calculated by dividing the net income or loss for the period by the weighted average number of shares of common stock outstanding during the period. Diluted earnings or loss per share (“Diluted EPS”) is calculated by dividing the net income or loss for the period by the total of the weighted average number of shares of common stock outstanding during the period plus the effects of any dilutive securities. Diluted EPS considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of such potential shares of common stock would have an anti-dilutive effect. During all periods presented in our Condensed Consolidated Statements of Operations, potentially dilutive securities included shares of common stock potentially issuable upon exercise of stock options, release of unvested restricted stock awards and exercise of warrants. Diluted EPS excludes the impact of potential issuance of shares of common stock related to our stock options in periods in which the exercise price of the stock option is greater than the average market price of our common stock during such periods. For the three-month periods ended March 31, 2017 and 2016, 1,375,509 and 2,198,512 shares of common stock equivalents, respectively, were excluded from the computation of dilutive loss per share since their effect would be anti-dilutive. |
Segment Information
Segment Information | 3 Months Ended |
Mar. 31, 2017 | |
Segment Reporting [Abstract] | |
Segment Information | 11. Segment Information Revenue by country for the three-month periods ended March 31, 2017 and 2016 was as follows: Three Months Ended March 31, Revenue by Country 2017 2016 United States $ 358,600 $ 421,300 Brazil 128,400 139,800 Japan 110,600 63,600 Other Countries 384,900 382,600 Total $ 982,500 $ 1,007,300 |
Subsequent Event
Subsequent Event | 3 Months Ended |
Mar. 31, 2017 | |
Subsequent Events [Abstract] | |
Subsequent Event | 12. Subsequent Event On April 28, 2017 we entered into a sublease agreement to sublease the entirety of the leased space at 51 East Campbell Avenue to a third party. The term of the sublease begins on June 1, 2017 and extends through the end of our office lease term for that space. The monthly rent payments due to hopTo will offset approximately 62% of the monthly rent payments due to the landlord under hopTo’s lease for that space. |
Significant Accounting Polici19
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2017 | |
Accounting Policies [Abstract] | |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. These estimates include: the amount of stock-based compensation expense; the allowance for doubtful accounts; the estimated lives, valuation, and amortization of intangible assets (including capitalized software); depreciation of long-lived assets; valuation of warrants; post-employment benefits, and accruals for liabilities. While we believe that such estimates are fair, actual results could differ materially from those estimates. |
Revenue Recognition | Revenue Recognition We market and license our products indirectly through channel distributors, independent software vendors (“ISVs”), value-added resellers (“VARs”) (collectively, “resellers”) and directly to corporate enterprises, governmental and educational institutions and others. Our product licenses are perpetual. We also separately sell intellectual property licenses, maintenance contracts, which are comprised of license updates and customer service access, as well as other products and services. Software license revenues are recognized when: ● Persuasive evidence of an arrangement exists, (i.e., when we sign a non-cancellable license agreement wherein the customer acknowledges an unconditional obligation to pay, or upon receipt of the customer’s purchase order), and ● Delivery has occurred or services have been rendered and there are no uncertainties surrounding product acceptance (i.e., when title and risk of loss have been transferred to the customer, which occurs when the media containing the licensed program(s) is provided to a common carrier or, in the case of electronic delivery, when the customer is given access to the licensed program(s)), and ● The price to the customer is fixed or determinable, as typically evidenced in a signed non-cancellable contract, or a customer’s purchase order, and ● Collectability is probable. If collectability is not considered probable, revenue is recognized when the fee is collected. Revenue recognized on software arrangements involving multiple deliverables is allocated to each deliverable based on vendor-specific objective evidence (“VSOE”) or third party evidence of the fair values of each deliverable; such deliverables include licenses for software products, maintenance, private labeling fees, and customer training. We limit our assessment of VSOE for each deliverable to either the price charged when the same deliverable is sold separately or the price established by management having the relevant authority to do so, for a deliverable not yet sold separately. If sufficient VSOE of the fair value does not exist so as to permit the allocation of revenue to the various elements of the arrangement, all revenue from the arrangement is deferred until such evidence exists or until all elements are delivered. If VSOE of the fair value does not exist, and the only undelivered element is maintenance, then we recognize revenue on a ratable basis. If VSOE of the fair value of all undelivered elements exists but does not exist for one or more delivered elements, then revenue is recognized using the residual method. Under the residual method, the fair value of the undelivered elements is deferred and the remaining portion of the arrangement fee is recognized as revenue. Certain resellers (“stocking resellers”) purchase product licenses that they hold in inventory until they are resold to the ultimate end user (an “inventory stocking order”). At the time that a stocking reseller places an inventory stocking order, no product licenses are shipped by us to the stocking reseller; rather, the stocking reseller’s inventory is credited with the number of licenses purchased and the stocking reseller can resell (issue) any number of licenses from their inventory at any time. Upon receipt of an order to issue a license(s) from a stocking reseller’s inventory (a “draw down order”), we will ship the license(s) in accordance with the draw down order’s instructions. We defer recognition of revenue from inventory stocking orders until the underlying licenses are sold and shipped to the end user, as evidenced by the receipt and fulfillment of the stocking reseller’s draw down order, assuming all other revenue recognition criteria have been met. There are no rights of return granted to resellers or other purchasers of our software products. Revenue from maintenance contracts is recognized ratably over the related contract period, which generally ranges from one to five years. All of our software licenses are denominated in U.S. dollars. |
Deferred Rent | Deferred Rent The leases for both the Company’s current office in Campbell, California and the subleased former office in Campbell, California contain free rent and predetermined fixed escalations in our minimum rent payments. Rent expense related to these leases is recognized on a straight-line basis over the terms of the leases. Any difference between the straight-line rent amounts and amounts payable under the leases is recorded as part of deferred rent in current or long-term liabilities, as appropriate. The monthly rent payments due to the Company for the sublease of the office at 1919 S. Bascom Avenue fully offsets the rent payments due under the Company’s lease for that space. Incentives received upon entering into the lease agreement are recognized on a straight-line basis as a reduction to rent over the term of the lease. The unamortized portion of these incentives are recorded as a part of deferred rent in current or long-term liabilities, as appropriate. |
Long-Lived Assets | Long-Lived Assets Long-lived assets are assessed for possible impairment whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable, whenever we have committed to a plan to dispose of the assets or, at a minimum, annually. Typically, for long-lived assets to be held and used, measurement of an impairment loss is based on the fair value of such assets, with fair value being determined based on appraisals, current market value, comparable sales value, and discounted future cash flows, among other variables, as appropriate. Assets to be held and used (which assets are affected by an impairment loss) are depreciated or amortized at their new carrying amount over their remaining estimated life; assets to be sold or otherwise disposed of are not subject to further depreciation or amortization. No such impairment charge was recorded during either of the three-month periods ended March 31, 2017 or 2016. |
Allowance for Doubtful Accounts | Allowance for Doubtful Accounts We maintain an allowance for doubtful accounts that reflects our best estimate of potentially uncollectible trade receivables. The allowance is based on assessments of the collectability of specific customer accounts and the general aging and size of the accounts receivable. We regularly review the adequacy of our allowance for doubtful accounts by considering such factors as historical experience, credit worthiness, and current economic conditions that may affect a customer’s ability to pay. We specifically reserve for those accounts deemed uncollectible. We also establish, and adjust, a general allowance for doubtful accounts based on our review of the aging and size of our accounts receivable. The following table sets forth the details of the Allowance for Doubtful Accounts for the three-month periods ended March 31, 2017 and 2016: Beginning Balance Charge Offs Recoveries Change in Provision Ending Balance Three Months Ended March 31, 2017 $ 7,700 $ — $ — $ (2,700 ) $ 5,000 2016 $ 17,300 $ — $ — $ (2,500 ) $ 14,800 |
Concentration of Credit Risk | Concentration of Credit Risk For the three-month periods ended March 31, 2017 and 2016, respectively, we considered the customers listed in the following table to be our most significant customers. The table sets forth the percentage of sales attributable to each customer during the periods presented, and the respective customer’s ending accounts receivable balance as a percentage of reported accounts receivable, net, as of March 31, 2017 and 2016. Three Months Ended March 31, 2017 As of March 31, 2017 Three Months Ended March 31, 2016 As of March 31, 2016 Customer Sales Accounts Receivable Sales Accounts Receivable Centric 7.2 % 26.2 % 6.4 % 10.9 % Raytheon 10.0 % 0.0 % 5.5 % 3.4 % Thermo Lab Systems 6.3 % 19.2 % 7.0 % 9.2 % Uniface 4.6 % 14.5 % 3.1 % 2.0 % Total 28.10 % 55.90 % 22.0 % 25.5 % |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The fair value of our accounts receivable, accounts payable and accrued liabilities approximate their carrying amounts due to the relative short maturities of these items. The fair value of warrants at issuance and for those recorded as a liability at each reporting date are determined in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) 820, “Fair Value Measurement,” ● Level 1: Defined as observable inputs, such as quoted (unadjusted) prices in active markets for identical assets or liabilities. ● Level 2: Defined as observable inputs other than quoted prices included in Level 1. This includes quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. ● Level 3: Defined as unobservable inputs to the valuation methodology that are supported by little or no market activity and that are significant to the measurement of the fair value of the assets or liabilities. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques, as well as significant management judgment or estimation. |
Significant Accounting Polici20
Significant Accounting Policies (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Accounting Policies [Abstract] | |
Schedule of Allowance for Doubtful Accounts | The following table sets forth the details of the Allowance for Doubtful Accounts for the three-month periods ended March 31, 2017 and 2016: Beginning Balance Charge Offs Recoveries Change in Provision Ending Balance Three Months Ended March 31, 2017 $ 7,700 $ — $ — $ (2,700 ) $ 5,000 2016 $ 17,300 $ — $ — $ (2,500 ) $ 14,800 |
Schedule of Concentration of Credit Risk | For the three-month periods ended March 31, 2017 and 2016, respectively, we considered the customers listed in the following table to be our most significant customers. The table sets forth the percentage of sales attributable to each customer during the periods presented, and the respective customer’s ending accounts receivable balance as a percentage of reported accounts receivable, net, as of March 31, 2017 and 2016. Three Months Ended March 31, 2017 As of March 31, 2017 Three Months Ended March 31, 2016 As of March 31, 2016 Customer Sales Accounts Receivable Sales Accounts Receivable Centric 7.2 % 26.2 % 6.4 % 10.9 % Raytheon 10.0 % 0.0 % 5.5 % 3.4 % Thermo Lab Systems 6.3 % 19.2 % 7.0 % 9.2 % Uniface 4.6 % 14.5 % 3.1 % 2.0 % Total 28.10 % 55.90 % 22.0 % 25.5 % |
Property and Equipment (Tables)
Property and Equipment (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property and Equipment | Property and equipment was: March 31, 2017 December 31, 2016 Equipment $ 248,700 $ 258,700 Furniture 190,600 190,600 Leasehold improvements 167,600 167,600 606,900 616,900 Less: accumulated depreciation and amortization 482,300 473,600 $ 124,600 $ 143,300 |
Stock-Based Compensation (Table
Stock-Based Compensation (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Summary of Stock-Based Compensation Expense | The following table summarizes the stock-based compensation expense, net of amounts capitalized, we recorded in our Unaudited Condensed Consolidated Statements of Operations for the three-month periods ended March 31, 2017 and 2016, respectively, by classification: Three Months Ended March 31, Statement of Operations Classification 2017 2016 Costs of revenue $ 100 $ 3,100 Selling and marketing expense 100 14,100 General and administrative expense 15,100 53,100 Research and development expense — 15,900 $ 15,300 $ 86,200 |
Revenue (Tables)
Revenue (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Revenue Tables | |
Schedule of Revenue | Revenue for the three-month periods ended March 31, 2017 and 2016 was: 2017 Over (Under) 2016 Revenue 2017 2016 Dollars Percent Software Licenses Windows $ 283,000 $ 290,100 $ (7,100 ) -2.4 % UNIX/Linux 108,000 84,400 23,600 28.0 % 391,000 374,500 16,500 4.4 % Software Service Fees Windows 444,200 452,000 (7,800 ) -1.7 % UNIX/Linux 136,800 169,300 (32,500 ) -19.2 % 581,000 621,300 (40,300 ) -6.5 % Other 10,500 11,500 (1,000 ) -8.7 % Total Revenue $ 982,500 $ 1,007,300 $ (24,800 ) -2.5 % |
Cost of Revenue (Tables)
Cost of Revenue (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Cost of Revenue [Abstract] | |
Schedule of Cost of Revenue | Cost of revenue for the three-month periods ended March 31, 2017 and 2016 was: 2017 Over (Under) 2016 2017 2016 Dollars Percent Software service costs $ 15,500 $ 39,400 $ (23,900 ) -60.8 % Software product costs 3,300 14,400 (11,100 ) -77.1 % $ 18,800 $ 53,800 $ (35,000 ) -65.1 % |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Future Minimum Lease Payments | The following table sets forth the minimum lease payments we will be required to make throughout the remainder of the lease: Year Amount Remainder of 2017 $ 85,900 2018 68,300 $ 154,200 |
Segment Information (Tables)
Segment Information (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Segment Reporting [Abstract] | |
Schedule of Revenue by Country | Revenue by country for the three-month periods ended March 31, 2017 and 2016 was as follows: Three Months Ended March 31, Revenue by Country 2017 2016 United States $ 358,600 $ 421,300 Brazil 128,400 139,800 Japan 110,600 63,600 Other Countries 384,900 382,600 Total $ 982,500 $ 1,007,300 |
Going Concern and Management'27
Going Concern and Management's Liquidity Plans (Details Narrative) - USD ($) | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Net loss | $ 153,700 | $ 974,900 | |
Accumulated deficit | 82,603,500 | $ 82,449,800 | |
Working capital deficit | $ 2,656,000 | ||
Compensation description | During the three month period ended September 30, 2016, our CEO and CFO voluntarily agreed with our board of directors to defer 50% of their salary beginning September 1, 2016 until such time as the Company can reasonably pay such compensation upon approval by the board of directors. |
Significant Accounting Polici28
Significant Accounting Policies (Details Narrative) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Accounting Policies [Abstract] | ||
Impairment charges of long-lived assets |
Significant Accounting Polici29
Significant Accounting Policies - Schedule of Allowance for Doubtful Accounts (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Accounting Policies [Abstract] | ||
Beginning balance | $ 7,700 | $ 17,300 |
Charge offs | ||
Recoveries | ||
Change in Provision | (2,700) | (2,500) |
Ending balance | $ 5,000 | $ 14,800 |
Significant Accounting Polici30
Significant Accounting Policies - Schedule of Concentration of Credit Risk (Details) - Customer Concentration Risk [Member] | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Sales Revenue, Net [Member] | ||
Percentage of Concentration of Credit Risk | 28.10% | 22.00% |
Sales Revenue, Net [Member] | Centric [Member] | ||
Percentage of Concentration of Credit Risk | 7.20% | 6.40% |
Sales Revenue, Net [Member] | Raytheon [Member] | ||
Percentage of Concentration of Credit Risk | 10.00% | 5.50% |
Sales Revenue, Net [Member] | Thermo Lab Systems [Member] | ||
Percentage of Concentration of Credit Risk | 6.30% | 7.00% |
Sales Revenue, Net [Member] | Uniface [Member] | ||
Percentage of Concentration of Credit Risk | 4.60% | 3.10% |
Accounts Receivable [Member] | ||
Percentage of Concentration of Credit Risk | 55.90% | 25.50% |
Accounts Receivable [Member] | Centric [Member] | ||
Percentage of Concentration of Credit Risk | 26.20% | 10.90% |
Accounts Receivable [Member] | Raytheon [Member] | ||
Percentage of Concentration of Credit Risk | 0.00% | 3.40% |
Accounts Receivable [Member] | Thermo Lab Systems [Member] | ||
Percentage of Concentration of Credit Risk | 19.20% | 9.20% |
Accounts Receivable [Member] | Uniface [Member] | ||
Percentage of Concentration of Credit Risk | 14.50% | 2.00% |
Property and Equipment (Details
Property and Equipment (Details Narrative) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation | $ 18,100 | $ 25,800 |
Disposed of equipment | 600 | |
Originally purchased | $ 10,000 |
Property and Equipment - Schedu
Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Property and equipment gross | $ 606,900 | $ 616,900 |
Less: accumulated depreciation and amortization | 482,300 | 473,600 |
Property and equipment net | 124,600 | 143,300 |
Equipment [Member] | ||
Property and equipment gross | 248,700 | 258,700 |
Furniture [Member] | ||
Property and equipment gross | 190,600 | 190,600 |
Leasehold Improvements [Member] | ||
Property and equipment gross | $ 167,600 | $ 167,600 |
Stock-Based Compensation - Summ
Stock-Based Compensation - Summary Of Stock-Based Compensation Expense (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Compensation expense | $ 15,300 | $ 86,200 |
Costs of Revenue [Member] | ||
Compensation expense | 100 | 3,100 |
Selling and Marketing Expense [Member] | ||
Compensation expense | 100 | 14,100 |
General and Administrative Expense [Member] | ||
Compensation expense | 15,100 | 53,100 |
Research and Development Expense [Member] | ||
Compensation expense | $ 15,900 |
Revenue - Schedule of Revenue (
Revenue - Schedule of Revenue (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Revenue Recognition, Multiple-deliverable Arrangements [Line Items] | ||
Other | $ 10,500 | $ 11,500 |
Increase (Decrease) in Other | $ (1,000) | |
Increase (Decrease) in Other, Percentage | (8.70%) | |
Total Revenue | $ 982,500 | 1,007,300 |
Increase (Decrease) in Total Revenue | $ (24,800) | |
Increase (Decrease) in Total Revenue | (2.50%) | |
Software Licenses [Member] | ||
Revenue Recognition, Multiple-deliverable Arrangements [Line Items] | ||
Software Licenses | $ 391,000 | 374,500 |
Increase (Decrease) in Software Licenses | $ 16,500 | |
Increase (Decrease) in Software Licenses, Percentage | 4.40% | |
Software Service Fees | $ 581,000 | 621,300 |
Increase (Decrease) in Software Service Fees | $ (40,300) | |
Increase (Decrease) in Software Service Fees, Percentage | (6.50%) | |
Software Licenses [Member] | Windows [Member] | ||
Revenue Recognition, Multiple-deliverable Arrangements [Line Items] | ||
Software Licenses | $ 283,000 | 290,100 |
Increase (Decrease) in Software Licenses | $ (7,100) | |
Increase (Decrease) in Software Licenses, Percentage | (2.40%) | |
Software Service Fees | $ 444,200 | 452,000 |
Increase (Decrease) in Software Service Fees | $ (7,800) | |
Increase (Decrease) in Software Service Fees, Percentage | (1.70%) | |
Software Licenses [Member] | Unix Linux [Member] | ||
Revenue Recognition, Multiple-deliverable Arrangements [Line Items] | ||
Software Licenses | $ 108,000 | 84,400 |
Increase (Decrease) in Software Licenses | $ 23,600 | |
Increase (Decrease) in Software Licenses, Percentage | 28.00% | |
Software Service Fees | $ 136,800 | $ 169,300 |
Increase (Decrease) in Software Service Fees | $ (32,500) | |
Increase (Decrease) in Software Service Fees, Percentage | (19.20%) |
Cost of Revenue - Schedule of C
Cost of Revenue - Schedule of Cost of Revenue (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Cost of Revenue | $ 18,800 | $ 53,800 |
Increase (Decrease) in Cost of Revenue | $ (35,000) | |
Increase (Decrease) in Cost of Revenue, Percentage | (65.10%) | |
Software Service Costs [Member] | ||
Cost of Revenue | $ 15,500 | 39,400 |
Increase (Decrease) in Cost of Revenue | $ (23,900) | |
Increase (Decrease) in Cost of Revenue, Percentage | (60.80%) | |
Software Product Costs [Member] | ||
Cost of Revenue | $ 3,300 | $ 14,400 |
Increase (Decrease) in Cost of Revenue | $ (11,100) | |
Increase (Decrease) in Cost of Revenue, Percentage | (77.10%) |
Commitments and Contingencies36
Commitments and Contingencies (Details Narrative) - Campbell Facility [Member] | Feb. 01, 2014ft² |
Lease square feet | 10,659 |
Lease term | 5 years |
Lease expire date | 2018-10 |
Commitments and Contingencies -
Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details) | Mar. 31, 2017USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
Remainder of 2017 | $ 85,900 |
2,018 | 68,300 |
Total | $ 154,200 |
Supplemental Disclosure of Ca38
Supplemental Disclosure of Cash Flow Information (Details Narrative) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Supplemental Cash Flow Elements [Abstract] | ||
Payment of interest expense | $ 100 | $ 300 |
Payment of income taxes | $ 700 | $ 300 |
Earnings (Loss) Per Share (Deta
Earnings (Loss) Per Share (Details Narrative) - shares | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Earnings Per Share [Abstract] | ||
Antidilutive securities | 1,375,509 | 2,198,512 |
Segment Information - Schedule
Segment Information - Schedule of Revenue by Country (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Revenue by country | $ 982,500 | $ 1,007,300 |
United States [Member] | ||
Revenue by country | 358,600 | 421,300 |
Brazil [Member] | ||
Revenue by country | 128,400 | 139,800 |
Japan [Member] | ||
Revenue by country | 110,600 | 63,600 |
Other Countries [Member] | ||
Revenue by country | $ 384,900 | $ 382,600 |
Subsequent Event (Details Narra
Subsequent Event (Details Narrative) - Subsequent Event [Member] - Sublease Agreement [Member] | Apr. 28, 2017 |
Monthly rent payments, percentage | 62.00% |
Lease description | The term of the sublease begins on June 1, 2017 and extends through the end of our office lease term for that space. The monthly rent payments due to hopTo will offset approximately 62% of the monthly rent payments due to the landlord under hopTos lease for that space. |