Helios and Matheson Analytics (HMNY) 10-Q 9 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2014	1-May-14
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Helios & Matheson Analytics Inc.	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	2,330,438
Amendment Flag	'false	'
Entity Central Index Key	'0001040792	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Consolidated_Balance_Sheets_Cu

Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Current Assets:	'	'
Cash and cash equivalents	$912,687	$660,278
Accounts receivable- less allowance for doubtful accounts of $34,212 at March 31, 2014, and $28,213 at December 31, 2013	1,534,411	2,147,436
Unbilled receivables	192,688	143,126
Prepaid expenses and other current assets	185,480	147,448
Total current assets	2,825,266	3,098,288
Property and equipment, net	47,774	50,071
Security Deposit	2,000,000	2,000,000
Deposits and other assets	78,520	78,520
Total assets	4,951,560	5,226,879
Current Liabilities:	'	'
Accounts payable and accrued expenses	822,959	830,948
Total current liabilities	822,959	830,948
Shareholders' equity:	'	'
Preferred stock, $.01 par value; 2,000,000 shares authorized; no shares issued and outstanding as of March 31, 2014, and December 31, 2013	0	0
Common stock, $.01 par value; 30,000,000 shares authorized; 2,330,438 issued and outstanding as of March 31, 2014 and December 31, 2013	23,304	23,304
Paid-in capital	37,855,740	37,855,740
Accumulated other comprehensive loss - foreign currency translation	-72,455	-77,032
Accumulated deficit	-33,677,988	-33,406,081
Total shareholders' equity	4,128,601	4,395,931
Total liabilities and shareholders' equity	$4,951,560	$5,226,879

Consolidated_Balance_Sheets_Cu1

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Allowance for doubtful accounts (in Dollars)	$34,212	$28,213
Preferred stock, par value (in Dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in Dollars per share)	$0.01	$0.01
Common stock, shares authorized	30,000,000	30,000,000
Common stock, issued	2,330,438	2,330,438
Common stock, outstanding	2,330,438	2,330,438

Consolidated_Statement_of_Oper

Consolidated Statement of Operations and Comprehensive Income/(Loss) (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Revenues	$2,934,386	$3,202,831
Cost of revenues	2,398,905	2,528,410
Gross profit	535,481	674,421
Operating expenses:	'	'
Selling, general & administrative	618,540	568,838
Depreciation & amortization	2,250	2,472
	620,790	571,310
(Loss)/income from operations	-85,309	103,111
Other income(expense):	'	'
Interest income-net	2,838	730
	2,838	730
(Loss)/income before income taxes	-82,471	103,841
Provision for income taxes	3,000	3,000
Net (Loss)/income	-85,471	100,841
Other comprehensive Income - foreign currency adjustment	4,577	31
Comprehensive Income/(loss)	($80,894)	$100,872
Net (Loss)/income per share	'	'
Basic & Diluted (in Dollars per share)	($0.04)	$0.04
Dividend per share (in Dollars per share)	$0.08	$0.09

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:	'	'
Net income/(loss)	($85,471)	$100,841
Adjustments to reconcile net income/(loss) to net cash from operating activities, net of acquired assets:	'	'
Depreciation and amortization	2,250	2,472
Provision for doubtful accounts	-6,000	5,999
Loss on sale of fixed assets	39	'
Changes in operating assets and liabilities:	'	'
Accounts receivable	619,025	-599,117
Unbilled receivables	-49,562	-40,596
Prepaid expenses and other assets	-38,032	-14,031
Accounts payable and accrued expenses	-7,989	-60,753
Net cash from operating activities	434,260	-605,185
Cash flows from investing activities:	'	'
Purchase of Property and Equipment (net of sales)	7	-2,454
Net cash from investing activities	7	-2,454
Cash flows from financing activities:	'	'
Dividend Paid	-186,435	-209,739
Net cash from financing activities	-186,435	-209,739
Effect of foreign currency exchange rate changes on cash and cash equivalents	4,577	31
Net increase/(decrease) in cash and cash equivalents	252,409	-817,347
Cash and cash equivalents at beginning of period	660,278	2,861,733
Cash and cash equivalents at end of period	912,687	2,044,386
Supplemental disclosure of cash flow information:	'	'
Cash paid during the period for income taxes - net of refunds	$4,252	$1,381

Note_1_General

Note 1 - General	3 Months Ended
	Mar. 31, 2014
Disclosure Text Block [Abstract]	'
Basis of Accounting [Text Block]	'
	1)     GENERAL:
	These financial statements should be read in conjunction with the financial statements contained in Helios and Matheson Analytics Inc.’s (“Helios and Matheson” or the “Company”) Form 10-K for the year ended December 31, 2013 filed with the Securities and Exchange Commission (“SEC”) and the accompanying financial statements and related notes thereto. The accounting policies used in preparing these financial statements are the same as those described in the Company's Form 10-K for the year ended December 31, 2013.

Note_2_Controlled_Company

Note 2 - Controlled Company	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	'
	2)     CONTROLLED COMPANY:
	The Board of Directors has determined that Helios and Matheson meets the definition of a “Controlled Company” as defined by Rule 5615(c) of the NASDAQ Listing Rules. A “Controlled Company” is defined in Rule 5615(c) as a company of which more than 50% of the voting power for the election of directors is held by an individual, group or another company. Certain NASDAQ requirements do not apply to a “Controlled Company”, including requirements that: (i) a majority of its Board of Directors must be comprised of “independent” directors as defined in NASDAQ’s rules; and (ii) the compensation of officers and the nomination of directors be determined in accordance with specific rules, generally requiring determinations by committees comprised solely of independent directors or in meetings at which only the independent directors are present.

Note_3_Interim_Financial_State

Note 3 - Interim Financial Statements	3 Months Ended
	Mar. 31, 2014
Quarterly Financial Information Disclosure [Abstract]	'
Quarterly Financial Information [Text Block]	'
	3)     INTERIM FINANCIAL STATEMENTS:
	In the opinion of management, the accompanying unaudited consolidated financial statements contain all the adjustments (consisting only of normal recurring accruals) necessary to present fairly the consolidated financial position as of March 31, 2014, the consolidated results of operations for the three month periods ended March 31, 2014 and 2013 and cash flows for the three month periods ended March 31, 2014 and 2013.
	The consolidated balance sheet at December 31, 2013 has been derived from the audited financial statements at that date, but certain information and notes normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted from these financial statements pursuant to the SEC’s rules and regulations. For further information, refer to the audited consolidated financial statements and footnotes thereto included in the Form 10-K filed by the Company for the year ended December 31, 2013.
	For the three month period ended March 31, 2014, the Company reported a net loss of approximately ($85,000) and for the three month period ended March 31, 2013, the Company reported net income of approximately $101,000. The Company continues to focus on revenue growth by expanding its existing client market share and its client base and by providing a Flexible Delivery Model to clients, which allows for dynamically configurable “right shoring” of service delivery based on client needs. The Company also keeps a tight rein on discretionary expenditures and SG&A to enhance its competitiveness.
	In management's opinion, cash flows from operations combined with cash on hand will provide adequate flexibility for funding the Company's working capital obligations for the next twelve months.

Note_4_Stock_Based_Compensatio

Note 4 - Stock Based Compensation	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	4)     STOCK BASED COMPENSATION:
	The Company has a stock based compensation plan, which is described as follows:
	On March 3, 2014, the Board of Directors terminated the Company’s 1997 Stock Option and Award Plan and approved and adopted the Helios and Matheson Analytics Inc. 2014 Equity Incentive Plan (the “2014 Plan”). There were no shares outstanding under the 1997 Stock Option and Award Plan. The 2014 Plan sets aside and reserves 400,000 shares of the Company’s common stock for grant and issuance in accordance with its terms and conditions. Persons eligible to receive awards from the 2014 Plan include employees (including officers and directors) of the Company and its affiliates, consultants who provide significant services to the Company or its affiliates and directors who are not employees of the Company or its affiliates (the “Participants”). The 2014 Plan permits the Company to issue to Participants qualified and/or non-qualified options to purchase the Company’s common stock, restricted common stock, performance units and performance shares. The 2014 Plan will terminate on March 3, 2024. The Compensation Committee of the Company’s Board of Directors has been appointed as the committee responsible for administration of the 2014 Plan and has the sole discretion to determine which Participants will be granted awards and the terms and conditions of the awards granted. Through the date of filing of this form 10-Q no equity has been granted under the 2014 Plan.

Note_5_Net_Income_Per_Share

Note 5 - Net Income Per Share	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	5)     NET INCOME PER SHARE:
	The following table sets forth the computation of basic and diluted net income/(loss) per share for the three months ended March 31, 2014 and 2013:
		Three Months Ended
		March 31,
		2014			2013
	Numerator for basic net income/(loss) per share
	Net income/(loss) available to common stockholders	$	(85,471	)	$	100,841
	Numerator for diluted net income/(loss) per share
	Net income/(loss) available to common stockholders & assumed conversion	$	(85,471	)	$	100,841
	Denominator:
	Denominator for basic and diluted income/(loss) per share - weighted-average shares		2,330,438			2,330,438
	Basic and diluted income/(loss) per share:
	Net income/(loss) per share	$	(0.04	)	$	0.04

Note_6_Concentration_of_Credit

Note 6 - Concentration of Credit Risk	3 Months Ended
	Mar. 31, 2014
Risks and Uncertainties [Abstract]	'
Concentration Risk Disclosure [Text Block]	'
	6)     CONCENTRATION OF CREDIT RISK:
	The revenues of the Company’s top three customers represented approximately 85.2% of the revenues for the three month period ended March 31, 2014. The revenues of the Company’s top three customers represented approximately 86.6% of revenues for the same period in 2013. No other customer represented greater than 10% of the Company’s revenues for such periods. The Company continues its effort to broaden its customer base in order to mitigate this risk.

Note_7_Contractual_Obligations

Note 7 - Contractual Obligations and Commitments	3 Months Ended
	Mar. 31, 2014
Disclosure Text Block Supplement [Abstract]	'
Commitments Disclosure [Text Block]	'
	7)     CONTRACTUAL OBLIGATIONS AND COMMITMENTS:
	The Company’s commitments at March 31, 2014, are comprised of the following:
	Contractual Obligations	Payments Due by Period
		Total		Less Than 1 Year		1 - 3 Years		3 - 5 Years		More Than 5 Years
	Operating Lease Obligations
	Rent (1)	$	484,207	$	157,040	$	314,080	$	13,087	$	-
	Total	$	484,207	$	157,040	$	314,080	$	13,087	$	-
	(1) The Company has a New York facility with a lease term expiring April 30, 2017.
	As of March 31, 2014, the Company does not have any “Off Balance Sheet Arrangements”.

Note_8_Income_Taxes

Note 8 - Income Taxes	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	8)     PROVISION FOR INCOME TAXES
	The provision for income taxes as reflected in the consolidated statement of Operations and comprehensive income/(loss) varies from the expected statutory rate primarily due to a provision for minimum state taxes and the recording of adjustments to the valuation allowance against deferred tax assets. Internal Revenue Code Section 382 (the “Code”) places a limitation on the utilization of Federal net operating loss and other credit carry-forwards when an ownership change, as defined by the tax law, occurs. Generally, this occurs when a greater than 50 percent change in ownership occurs. During 2006, Helios and Matheson Information Technology Ltd. (“Helios and Matheson Parent”) acquired a greater than 50 percent ownership of the Company. Accordingly, the actual utilization of the net operating loss carry-forwards for tax purposes are limited annually under the Code to a percentage (currently about four and a half percent) of the fair market value of the Company at the date of this ownership change. The Company maintains a valuation allowance against additional deferred tax assets arising from net operating loss carry-forwards since, in the opinion of management; it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Note_9_Transactions_With_Relat

Note 9 - Transactions With Related Persons	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	9)     TRANSACTIONS WITH RELATED PERSONS
	In September 2010, the Company entered into a Memorandum of Understanding with Helios and Matheson Parent (the “HMIT MOU”) pursuant to which Helios and Matheson Parent has agreed to make available to the Company facilities of dedicated Off-shore Development Centers (“ODCs”) and also render services by way of support in technology, client engagement, management and operating the ODCs for the Company. The Company has furnished Helios and Matheson Parent a security deposit of $2 million, classified as a non-current asset on the balance sheet, to cover any expenses, claims or damages that Helios and Matheson Parent may incur while discharging its obligation under the HMIT MOU and also to cover the Company’s payable to Helios and Matheson Parent. Helios and Matheson Parent has been providing recruitment services to Helios and Matheson Analytics Inc. and has not charged a fee for these services. For the purpose of strengthening our client relationships, Helios and Matheson Parent also provides knowledge transition free of cost to clients and volume/business commitment based discounts. The investment made by Helios and Matheson Parent in this regard during the three months ended March 31, 2014 is approximately $27,996. The amount payable to Helios and Matheson Parent for services rendered under the HMIT MOU was $12,096 and $91,469 for the three months ended March 31, 2014 and 2013, respectively and is included as a component of cost of revenue. All payments to Helios and Matheson Parent under the MOU are made after collections are received from clients. The amount paid to Helios and Matheson Parent for services rendered under the HMIT MOU was $0 and $63,648 for the three months ended March 31, 2014 and 2013, respectively. As of March 31, 2014, the Company has a receivable from Helios and Matheson Parent in the amount of $182,626 which represents amount paid on behalf of Helios and Matheson parent. As of March 31, 2014, the amount paid on behalf of Helios and Matheson Parent is reported as an offset of accounts payable to Helios and Matheson Parent.

Note_10_Legal_Proceedings

Note 10 - Legal Proceedings	3 Months Ended
	Mar. 31, 2014
Disclosure Text Block Supplement [Abstract]	'
Legal Matters and Contingencies [Text Block]	'
	10)   LEGAL PROCEEDINGS
	During 2011, Rosen and Associates, P.C. asked for a payment of $23,680 for services it allegedly performed for the Company. The Company did not execute any agreement for performance of services with Rosen and Associates, P.C. On August 5, 2013 Rosen and Associates, P.C. filed a claim seeking payment for the services it allegedly performed. The next hearing is scheduled on October 27, 2014.

Note_11_Dividend_Paid

Note 11 - Dividend Paid	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	11)   DIVIDEND PAID
	On February 3, 2014 the Company’s Board of Directors declared a dividend of $0.08 per share on the Company's common stock, amounting to a total payout of $186,435. This amount represents approximately 50% of the net profits of the Company for the year ended December 31, 2013. The dividend was paid on March 5, 2014 to shareholders of record on February 18, 2014. There can be no assurance that we will pay dividends in the future.

Note_12_Subsequent_Events

Note 12 - Subsequent Events	3 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	12)   SUBSEQUENT EVENTS
	Management completed an analysis of all subsequent events occurring after March 31, 2014, the balance sheet date, through May 9, 2014, the date upon which the quarter-end consolidated financial statements were issued, and determined that all necessary disclosures have been disclosed elsewhere in these financial statements.

Note_5_Net_Income_Per_Share_Ta

Note 5 - Net Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		Three Months Ended
		March 31,
		2014			2013
	Numerator for basic net income/(loss) per share
	Net income/(loss) available to common stockholders	$	(85,471	)	$	100,841
	Numerator for diluted net income/(loss) per share
	Net income/(loss) available to common stockholders & assumed conversion	$	(85,471	)	$	100,841
	Denominator:
	Denominator for basic and diluted income/(loss) per share - weighted-average shares		2,330,438			2,330,438
	Basic and diluted income/(loss) per share:
	Net income/(loss) per share	$	(0.04	)	$	0.04

Note_7_Contractual_Obligations1

Note 7 - Contractual Obligations and Commitments (Tables)	3 Months Ended
	Mar. 31, 2014
Disclosure Text Block Supplement [Abstract]	'
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	'
	Contractual Obligations	Payments Due by Period
		Total		Less Than 1 Year		1 - 3 Years		3 - 5 Years		More Than 5 Years
	Operating Lease Obligations
	Rent (1)	$	484,207	$	157,040	$	314,080	$	13,087	$	-
	Total	$	484,207	$	157,040	$	314,080	$	13,087	$	-

Note_3_Interim_Financial_State1

Note 3 - Interim Financial Statements (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Note 3 - Interim Financial Statements (Details) [Line Items]	'	'
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	($85,471)	$100,841
Approximation [Member]	'	'
Note 3 - Interim Financial Statements (Details) [Line Items]	'	'
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	($85,000)	$101,000

Note_4_Stock_Based_Compensatio1

Note 4 - Stock Based Compensation (Details)	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	0
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	400,000

Note_5_Net_Income_Per_Share_De

Note 5 - Net Income Per Share (Details) - Basic EPS Numerator and Denominator (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Numerator for basic net income/(loss) per share	'	'
Net income/(loss) available to common stockholders	($85,471)	$100,841
Numerator for diluted net income/(loss) per share	'	'
Net income/(loss) available to common stockholders & assumed conversion	($85,471)	$100,841
Denominator:	'	'
Denominator for basic and diluted income/(loss) per share - weighted-average shares (in Shares)	2,330,438	2,330,438
Basic and diluted income/(loss) per share:	'	'
Net income/(loss) per share (in Dollars per share)	($0.04)	$0.04

Note_6_Concentration_of_Credit1

Note 6 - Concentration of Credit Risk (Details)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Note 6 - Concentration of Credit Risk (Details) [Line Items]	'	'
Concentration Risk Number of Major Customers	3	3
Customer Concentration Risk [Member] | Sales Revenue, Services, Net [Member]	'	'
Note 6 - Concentration of Credit Risk (Details) [Line Items]	'	'
Concentration Risk, Percentage	85.20%	86.60%

Note_7_Contractual_Obligations2

Note 7 - Contractual Obligations and Commitments (Details) - Contractual Obligations and Commitments (USD $)	Mar. 31, 2014
Operating Lease Obligations	'
Payments Due by Period Total	$484,207	[1]
Payments Due by Period Less Than 1 Year	157,040	[1]
Payments Due by Period 1 - 3 Years	314,080	[1]
Payments Due by Period 3 - 5 Years	13,087	[1]
Payments Due by Period More Than 5 Years	'	[1]
[1]	The Company has a New York facility with a lease term expiring April 30, 2017.

Note_9_Transactions_With_Relat1

Note 9 - Transactions With Related Persons (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Note 9 - Transactions With Related Persons (Details) [Line Items]	'	'
Related Party Investment in Client Relationships	$27,996	'
Accounts Payable, Related Parties	12,096	91,469
Related Party Transaction, Amounts of Transaction	0	63,648
Helios and Matheson Parent [Member] | Security Deposits [Member]	'	'
Note 9 - Transactions With Related Persons (Details) [Line Items]	'	'
Due from Related Parties	2,000,000	'
Helios and Matheson Parent [Member]	'	'
Note 9 - Transactions With Related Persons (Details) [Line Items]	'	'
Accounts Receivable, Related Parties	$182,626	'

Note_10_Legal_Proceedings_Deta

Note 10 - Legal Proceedings (Details) (USD $)	12 Months Ended
	Dec. 31, 2011
Disclosure Text Block Supplement [Abstract]	'
Legal Fees Counter Party Claim Amount	$23,680

Note_11_Dividend_Paid_Details

Note 11 - Dividend Paid (Details) (USD $)	0 Months Ended
	Feb. 03, 2014
Stockholders' Equity Note [Abstract]	'
Common Stock, Dividends, Per Share, Cash Paid	$0.08
Dividends, Common Stock, Cash	$186,435
Percentage of Dividend to Net Profits	50.00%