Eterna Therapeutics (ERNA) 10-Q 8 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	5-May-15
Document And Entity Information
Entity Registrant Name	NTN BUZZTIME INC
Entity Central Index Key	748592
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		92,383,157
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current Assets:
Cash and cash equivalents	$7,163	$7,185
Accounts receivable, net of allowances of $130 and $214, respectively	645	2,190
Site equipment to be installed	4,198	4,755
Prepaid expenses and other current assets	642	742
Total current assets	12,648	14,872
Fixed assets, net	3,571	3,400
Software development costs, net of accumulated amortization of 3,357 and $3,110, respectively	1,609	1,634
Deferred costs	1,159	1,092
Goodwill	997	1,084
Intangible assets, net	117	129
Other assets	57	57
Total assets	20,158	22,268
Current Liabilities:
Accounts payable	577	617
Accrued compensation	1,062	749
Accrued expenses	1,004	969
Sales taxes payable	140	133
Income taxes payable	84	104
Notes payable - current portion (Note 4)	2,025	2,176
Obligations under capital lease - current portion	68	28
Deferred revenue	2,320	1,836
Other current liabilities	387	481
Total current liabilities	7,667	7,093
Notes payable, exluding current portion	2,670	3,143
Obligations under capital leases, excluding current portion	142	30
Deferred revenue, excluding current portion	412	378
Deferred rent	657	693
Other liabilities	1	7
Total liabilities	11,549	11,344
Shareholders' Equity:
Series A 10% cumulative convertible preferred stock, $.005 par value, $156 liquidation preference, 5,000 shares authorized; 156 shares issued and outstanding at March 31, 2015 and December 31, 2014.	1	1
Common stock, $.005 par value, 168,000 shares authorized at March 31, 2015 and December 31, 2014; 92,381 and 92,370 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively.	462	462
Treasury stock, at cost, 503 shares at March 31, 2015 and December 31, 2014, respectively	-456	-456
Additional paid-in capital	128,384	128,283
Accumulated deficit	-120,108	-117,845
Accumulated other comprehensive income (Note 5)	326	479
Total shareholders' equity	8,609	10,924
Total liabilities and shareholders' equity	$20,158	$22,268

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Statement of Financial Position [Abstract]
Allowance for doubtful accounts - accounts receivable	$130	$214
Software accumulated amortization	$3,357	$3,110
Preferred Stock Series A par value per share	$0.01	$0.01
Preferred Stock Series A liquidation preference	$156	$156
Preferred Stock Series A shares authorized	5,000,000	5,000,000
Preferred Stock Series A shares outstanding	156,000	156,000
Preferred stock shares issued	156,000	156,000
Common stock par value	$0.01	$0.01
Common stock shares authorized	168,000,000	168,000,000
Common stock shares issued	92,381,000	92,370,000
Common stock shares outstanding	92,381,000	92,370,000
Treasury stock shares	503,000	503,000

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenues
Subscription revenue	$4,200	$4,619
Sales-type lease revenue	840	1,113
Other revenue	686	686
Total Revenue	5,726	6,418
Operating expenses:
Direct operating costs (includes depreciation and amortization of $580 and $533, respectively)	2,649	2,530
Selling, general and administrative	5,162	4,390
Depreciation and amortization (excluding depreciation and amortization included in direct operating costs)	121	152
Total operating expenses	7,932	7,072
Operating loss	-2,206	-654
Other (expense) income, net	-43	15
Loss before income taxes	-2,249	-639
Provision for income taxes	-14	-10
Net loss	-2,263	-649
Net loss per common share - basic and diluted	($0.02)	($0.01)
Weighted average shares outstanding - basic and diluted	91,876,000	78,178,000
Comprehensive loss
Net loss	-2,263	-649
Foreign currency translation adjustment	-153	-63
Total comprehensive loss	($2,416)	($712)

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Depreciation and amortization - part of Direct operating costs	$580	$533

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows providec by (used in) operating activities:
Net loss	($2,263)	($649)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	701	685
Provision for doubtful accounts	-39	20
Stock-based compensation	99	52
Issuance of common stock to consultant in lieu of cash payment	1	6
Loss from disposition of equipment and capitalized software	1	22
Changes in assets and liabilities:
Accounts receivable	1,459	-493
Site equipment to be installed	317	-388
Prepaid expenses and other assets	8	25
Accounts payable and accrued liabilities	312	421
Income taxes payable	-13	-6
Deferred costs	-70	-145
Deferred revenue	518	29
Deferred rent	-36	-32
Net cash provided by (used in) operating activities	995	-453
Cash flows used in investing activities:
Capital expenditures	-215	-322
Software development expenditures	-222	-198
Net cash used in investing activities	-437	-520
Cash flows (used in) provided by financing activities:
Proceeds from exercise of stock options	0	6
Proceeds from notes payable	74	764
Payments on notes payable	-699	-439
Principal payments on capital lease	-7	-6
Tax withholding related to net-share settlements of restricted stock units	0	-15
Net cash (used in) provided by financing activities	-632	310
Net decrease in cash and cash equivalents	-74	-663
Effect of exchange rate on cash	52	-31
Cash and cash equivalents at beginning of period	7,185	5,455
Cash and cash equivalents at end of period	7,163	4,761
Supplemental disclosures of cash flow information:
Interest	103	25
Income taxes	27	18
Supplemental disclosure of non-cash investing and financing activities:
Site equipment transferred to fixed assets	240	250
Equipment acquired under capital lease	$160	$0

1_BASIS_OF_PRESENTATION

1. BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
BASIS OF PRESENTATION	Description of Business
	The Company provides an entertainment and marketing services platform for hospitality venues that offers games, events, and entertainment experiences to their patrons. The Company’s interactive entertainment network helps its network subscribers to acquire, engage and retain their patrons. The Company generates revenues by charging subscription fees for its service to its network subscribers, by leasing equipment (including tablets used in its BEOND platform and the cases and charging trays for the tablets) to certain network subscribers, by hosting live trivia events, by selling advertising aired on in-venue screens and as part of customized games and directly from consumers who pay to play or use the premium products the Company began offering via its BEOND platform in 2014. These premium products currently include an arcade and a digital music jukebox. Currently, over 2,900 venues in the U.S. and Canada subscribe to the Company’s interactive entertainment network, of which approximately 43% are using our BEOND platform.
	The Company was incorporated in Delaware in 1984 as Alroy Industries and changed its corporate name to NTN Communications, Inc. in 1985. The Company changed its name to NTN Buzztime, Inc. in 2005 to better reflect the growing role of the Buzztime consumer brand.
	Basis of Accounting Presentation
	The accompanying unaudited interim condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States (GAAP) for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying condensed consolidated financial statements include all adjustments that are necessary, which are of a normal and recurring nature, for a fair presentation for the periods presented of the financial position, results of operations and cash flows of the Company and its wholly-owned subsidiaries: IWN, Inc., IWN, L.P., Buzztime Entertainment, Inc., NTN Wireless Communications, Inc., NTN Software Solutions, Inc., NTN Canada, Inc., and NTN Buzztime, Ltd., all of which, other than NTN Canada, Inc., are dormant subsidiaries. All significant intercompany transactions have been eliminated in consolidation.
	These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2014. The accompanying condensed balance sheet as of December 31, 2014 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results to be anticipated for the entire year ending December 31, 2015, or any other period.
	Reclassifications
	The Company reclassified the consolidated balance sheet, the consolidated statement of operations and comprehensive loss, and the consolidated statement of cash flows for the three months ended March 31, 2014 to conform to the 2015 presentation. Reclassifications had no impact on net loss or cash flows.

2_BASIC_AND_DILUTED_EARNINGS_P

2. BASIC AND DILUTED EARNINGS PER COMMON SHARE	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
BASIC AND DILUTED EARNINGS PER COMMON SHARE	The Company computes basic and diluted earnings per common share in accordance with the provisions of Financial Accounting Standards Board (“FASB) Accounting Standards Codification (“ASC”) No. 260, Earnings per Share. Basic earnings per share excludes the dilutive effects of options, warrants and other convertible securities. Diluted earnings per share reflects the potential dilution of securities that could share in the Company’s earnings. The total number of shares of the Company’s common stock subject to options, warrants, convertible preferred stock and restricted stock units that were excluded from computing diluted net loss per common share was approximately 14,459,000 and 10,086,000 shares as of March 31, 2015 and 2014, respectively, as their effect was anti-dilutive.

3_STOCKBASED_COMPENSATION

3. STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	The Company’s stock-based compensation plans include the NTN Buzztime, Inc. 2004 Performance Incentive Plan (the “2004 Plan”), the NTN Buzztime, Inc. 2010 Performance Incentive Plan (the “2010 Plan”) and the NTN Buzztime, Inc. 2014 Inducement Plan (the “2014 Plan”). The 2004 Plan expired in September 2009. From and after the date it expired, no awards could be granted under that plan and all awards that had been granted under that plan before it expired are governed by that plan until they are exercised or expire in accordance with that plan’s terms. The 2010 Plan provides for the grant of up to 6,000,000 share-based awards and expires in February 2020. The 2014 Plan, which provides for the grant of up to 4,250,000 share-based awards to new employees as an inducement material to the new employee entering into employment with the Company, was approved by the Nominating and Corporate Governance/Compensation Committee of the Company’s Board of Directors (the “Committee”) in September 2014 in connection with the appointment of Ram Krishnan as the Company’s Chief Executive Officer. As of March 31, 2015, approximately 842,000 and 750,000 of share-based awards are available to be issued under the 2010 Plan and the 2014 Plan, respectively. The Company’s stock-based compensation plans are administered by the Committee, which selects persons to receive awards and determines the number of shares subject to each award and the terms, conditions, performance measures, if any, and other provisions of the award.
	Subject to shareholder approval at the Company’s 2015 Annual Meeting of Stockholders, the Board of Directors has approved an amendment to the 2010 Plan (the “Amended 2010 Plan”) to increase the authorized shares to be issued thereunder from 6,000,000 to 12,000,000. Shareholder approval of the Amended 2010 Plan is also intended to serve as re-approval of the material terms of the performance goals under the plan for purposes of Section 162(m) of the Internal Revenue Code of 1986, as amended.
	The Company records stock-based compensation in accordance with ASC No. 718, Compensation – Stock Compensation and ASC No. 505-50, Equity – Equity-Based Payments to Non-Employees. The Company estimates the fair value of stock options using the Black-Scholes option pricing model. The fair value of stock options granted is recognized as expense over the requisite service period. Stock-based compensation expense for share-based payment awards to employees is recognized using the straight-line single-option method. Stock-based compensation expense for share-based payment awards to non-employees is recorded at its fair value on the grant date and is periodically re-measured as the underlying awards vest.
	The Company uses the historical stock price volatility as an input to value its stock options under ASC No. 718. The expected term of stock options represents the period of time options are expected to be outstanding and is based on observed historical exercise patterns of the Company, which the Company believes are indicative of future exercise behavior. For the risk-free interest rate, the Company uses the observed interest rates appropriate for the term of time options are expected to be outstanding. The dividend yield assumption is based on the Company’s history and expectation of dividend payouts.
	The following weighted-average assumptions were used for grants issued during the three months ended March 31, 2015 and 2014 under the ASC No. 718 requirements.
		Three months ended March 31,
		2015	2014
	Weighted average risk-free rate	1.17%	1.24%
	Weighted average volatility	81.38%	81.77%
	Dividend yield	0.00%	0.00%
	Expected life	4.45 years	4.64 years
	ASC No. 718 requires forfeitures to be estimated at the time of grant and revised if necessary in subsequent periods if actual forfeiture rates differ from those estimates. Forfeitures were estimated based on historical activity for the Company. Stock-based compensation expense for the three months ended March 31, 2015 and 2104 was $99,000 and $52,000, respectively, and is included in selling, general and administrative expenses and credited to additional paid-in-capital. The Company granted stock options to purchase 785,000 and 850,000 shares of common stock during the three months ended March 31, 2015 and 2014, respectively.
	Stock options issued under all of the Company’s stock-based compensation plans may be exercised on a net-exercise arrangement, where shares of common stock equal to the value of the amount of the exercise price of the stock options being exercised are withheld as payment of the exercise price instead of cash. Under such net-exercise arrangements, for the three months ended March 31, 2015, options to purchase approximately 34,000 shares of common stock were exercised and approximately 8,000 shares of common stock were issued. No options were exercised and paid with cash during the three months ended March 31, 2015. During the three months ended March 31, 2014, the Company received approximately $6,000 in cash payments for the exercise of options to purchase approximately 18,000 shares. The total intrinsic value of options exercised during the three months ended March 31, 2015 and 2014 was approximately $4,000 and $7,000, respectively.

4_NOTES_PAYABLE

4. NOTES PAYABLE	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
NOTES PAYABLE	In May 2013, the Company entered into a financing agreement with a lender under which the Company may borrow up to $500,000 to purchase certain equipment. Over time, the lender has increased the maximum amount the Company may borrow, and as of March 31, 2015, the maximum amount was $9,853,000. The Company may borrow up to the maximum amount in tranches as needed. Each tranche bears interest at 8.32% per annum. With respect to the first $1,000,000 in the aggregate borrowed, principal and interest payments are due in 36 equal monthly installments. With respect to amounts borrowed in excess of the first $1,000,000 in the aggregate, the first monthly payment will be equal to 24% of the principal amount outstanding, and the remaining principal and interest due are payable in 35 equal monthly installments. The Company granted the lender a first security interest in the equipment purchased with the funds borrowed. Through March 31, 2015, the Company borrowed approximately $7,726,000 of the $9,853,000 maximum amount available. As of March 31, 2015, $4,695,000 remained outstanding, which reflects payments made through March 31, 2015.

5_ACCUMULATED_OTHER_COMPREHENS

5. ACCUMULATED OTHER COMPREHENSIVE INCOME	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME	Accumulated other comprehensive income includes the accumulated gains or losses from foreign currency translation adjustments. The Company translated the assets and liabilities of its Canadian statement of financial position into U.S. dollars using the period end exchange rate. Revenue and expenses were translated using the weighted-average exchange rates for the reporting period. As of March 31, 2015 and December 31, 2014, $326,000 and $479,000 of foreign currency translation adjustments were recorded in accumulated other comprehensive income, respectively.

6_RECENT_ACCOUNTING_PRONOUNCEM

6. RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	In April 2015, the FASB issued Accounting Standards Update (“ASU”) 2015-03, Simplifying the Presentation of Debt Issuance Costs (ASU 2015-03), which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected. Therefore, these costs will continue to be amortized as interest expense using the effective interest method. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, which for the Company is January 1, 2016. Early adoption of this update is permitted for financial statements that have not been previously reported. Due to a new revolving line of credit the Company entered into on April 14, 2015 (see Note 13), the Company elected to adopt this update effective the beginning of the quarter ending June 30, 2015.
	In January 2015, the FASB issued ASU No. 2015-01, Income Statement-Extraordinary and Unusual Items (Topic 225). This ASU updated the accounting guidance related to extraordinary and unusual items by eliminating the concept of extraordinary items. In addition, disclosure guidance for items that are unusual in nature or occur infrequently will be retained and will be expanded to include items that are both unusual in nature and infrequently occurring. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, which for the Company is January 1, 2016. Early adoption is permitted. The Company does not anticipate that the adoption of this update will have a material impact on its consolidated financial statements.
	In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This update provides guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. Specifically, the amendments (1) provide a definition of the term “substantial doubt,” (2) require an evaluation every reporting period, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that financial statements are issued. This update is effective for fiscal years ending after December 15, 2016, which for the Company is December 31, 2016, and for annual periods and interim periods thereafter. The Company does not anticipate that the adoption of this update will have a material impact on its consolidated financial statements.
	In June 2014, the FASB issued ASU No. 2014-12, Compensation – Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide that a Performance Target Could be Achieved after the Requisite Service Period. This update requires that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the periods for which the requisite service has already been rendered. This update is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2015, which for the Company is January 1, 2016; early adoption is permitted. Entities may apply the amendments in this update either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. The Company does not anticipate that the adoption of this update will have a material impact on its consolidated financial statements.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This update outlines a new, single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. This new revenue recognition model provides a five-step analysis in determining when and how revenue is recognized. The new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services. This new guidance is effective for annual reporting periods (including interim reporting periods within those periods) beginning after December 15, 2016, which for the Company is January 1, 2017. However, in April 2015, the FASB voted to propose a deferral of the effective date of the new guidance by one year; early adoption is not permitted. Entities have the option of using either a full retrospective or a modified approach to adopting the guidance. The Company has not yet selected a transition approach and is currently assessing the impact on its consolidated financial statements from the adoption of this new accounting guidance.

7_CONCENTRATIONS_OF_RISK

7. CONCENTRATIONS OF RISK	3 Months Ended
	Mar. 31, 2015
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF RISK	Significant Customer
	For the three months ended March 31, 2015 and 2014, the Company generated approximately $2,389,000 and $2,646,000, respectively, of total revenue from Buffalo Wild Wings corporate-owned restaurants and its franchisees, which represented 42% and 41% of total revenue for those periods, respectively. As of March 31, 2015 and December 31, 2014, approximately $177,000 and $1,558,000, respectively, was included in accounts receivable from Buffalo Wild Wings corporate-owned restaurants and its franchisees.
	Equipment Suppliers
	The tablet used in the Company’s BEOND product line is manufactured by one unaffiliated third party, and the Company currently does not have an alternative manufacturer or an alternative device to the tablet. The Company currently purchases the BEOND tablets from various unaffiliated third parties. The Company also currently purchases each piece of the tablet equipment (consisting of cases and charging trays for the tablet) from a different unaffiliated third party with respect to each piece of equipment. A different third party assembles the tablet cases. The Company currently does not have an alternative supply source for the tablet equipment or an alternative tablet case assembler.
	The Company currently purchases its Classic playmakers from an unaffiliated manufacturer pursuant to a supply agreement, the term of which automatically renews for one year periods unless the agreement is terminated in advance of the automatic renewal by either party. The Company currently does not have an alternative manufacturer for its Classic playmakers. However, the Company does not currently expect to purchase additional Classic playmakers.
	As of March 31, 2015 and December 31, 2014, approximately $52,000 and $423,000, respectively, were included in accounts payable or accrued expenses for equipment suppliers.

8_SUBSEQUENT_EVENTS

8. SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	On April 14, 2015, the Company entered into a loan and security agreement with East West Bank, pursuant to which, the Company may request advances in an aggregate outstanding amount at any time up to the lesser of $7,500,000, which is referred to as the revolving line, or an amount equal to its borrowing base, in each case, less the aggregate outstanding principal amount of prior advances. So long as there is no event of default, the Company may make a one-time request to increase the revolving line by up to $2,500,000, which the lender may accept or decline. All advances are due on April 14, 2018. The Company’s borrowing base is, as of the date of determination, an amount equal to the product of: (a) the average monthly recurring revenue for the immediately preceding three months; times (b) one plus the Company’s average churn rate for the immediately preceding three months (not to exceed zero); times (c) 300%. The churn rate, with respect to any month, is the quotient of the Company’s monthly net revenue change calculated with respect to such month, divided by its monthly revenue from subscriptions for the month. In addition, under the loan and security agreement, the Company is required to achieve minimum quarterly earnings before interest, taxes, depreciation and amortization, or EBITDA, thresholds specified in the loan and security agreement, and monthly and trailing three month churn rate thresholds.
	In April 2015, the Company borrowed $3,500,000 under this credit facility. The Company will use the proceeds received under this credit facility to pay down existing indebtedness, to fund strategic growth initiatives and as general working capital.
	Advances will bear interest, at the Company’s option, at the rate of either (A) a variable rate per annum equal to the prime rate as set forth in The Wall Street Journal plus 1.25% or (B) at a fixed rate per annum equal to the LIBOR Rate for the interest period for the advance plus 4.00%. Advances that we elect to bear interest at the rate described in clause (a) and (b) are referred to, respectively, as “Prime Rate Loans” and “LIBOR Loans.” Interest on each Prime Rate Loan is due on the last calendar day of each month, commencing on April 30, 2015. Interest on each LIBOR Loan is due on the last day of each interest period (1, 2, 3 or 6 months) applicable to such LIBOR Loan, unless the interest period is greater than 3 months, in which case, interest is payable at 3 month intervals after the commencement of the applicable interest period and on the last day of such interest period.
	Pursuant to the loan and security agreement, the Company granted and pledged to the lender a first-priority security interest in all the Company’s existing and future personal property.
	On the closing date of the loan and security agreement, the Company paid $37,500 to the lender as a facility fee. An additional facility fee (equal to the product of (x) 0.50% of the increase in the revolving line times (y) the quotient of the number of days remaining between the effective date of such increase and April 14, 2018, divided by 1,095) will be due if the revolving line is increased pursuant to the Company’s request. The Company will also pay an unused line fee equal to 0.50% per year on the difference between the amount of the revolving line as in effect from time to time and the average monthly balance in each month, which will be payable monthly in arrears. The average monthly balance is calculated by adding the ending outstanding balance under the revolving line for each day in the month divided by the number of days in the month.

1_BASIS_OF_PRESENTATION_Polici

1. BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Description of Business	Description of Business
	The Company provides an entertainment and marketing services platform for hospitality venues that offers games, events, and entertainment experiences to their patrons. The Company’s interactive entertainment network helps its network subscribers to acquire, engage and retain their patrons. The Company generates revenues by charging subscription fees for its service to its network subscribers, by leasing equipment (including tablets used in its BEOND platform and the cases and charging trays for the tablets) to certain network subscribers, by hosting live trivia events, by selling advertising aired on in-venue screens and as part of customized games and directly from consumers who pay to play or use the premium products the Company began offering via its BEOND platform in 2014. These premium products currently include an arcade and a digital music jukebox. Currently, over 2,900 venues in the U.S. and Canada subscribe to the Company’s interactive entertainment network, of which approximately 43% are using our BEOND platform.
	The Company was incorporated in Delaware in 1984 as Alroy Industries and changed its corporate name to NTN Communications, Inc. in 1985. The Company changed its name to NTN Buzztime, Inc. in 2005 to better reflect the growing role of the Buzztime consumer brand.
Basis of Accounting Presentation	Basis of Accounting Presentation
	The accompanying unaudited interim condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States (GAAP) for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying condensed consolidated financial statements include all adjustments that are necessary, which are of a normal and recurring nature, for a fair presentation for the periods presented of the financial position, results of operations and cash flows of the Company and its wholly-owned subsidiaries: IWN, Inc., IWN, L.P., Buzztime Entertainment, Inc., NTN Wireless Communications, Inc., NTN Software Solutions, Inc., NTN Canada, Inc., and NTN Buzztime, Ltd., all of which, other than NTN Canada, Inc., are dormant subsidiaries. All significant intercompany transactions have been eliminated in consolidation.
	These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2014. The accompanying condensed balance sheet as of December 31, 2014 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results to be anticipated for the entire year ending December 31, 2015, or any other period.
Reclassifications	Reclassifications
	The Company reclassified the consolidated balance sheet, the consolidated statement of operations and comprehensive loss, and the consolidated statement of cash flows for the three months ended March 31, 2014 to conform to the 2015 presentation. Reclassifications had no impact on net loss or cash flows.

3_STOCKBASED_COMPENSATION_Tabl

3. STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted-Average Assumptions of Stock Based Compensation		Three months ended March 31,
		2015	2014
	Weighted average risk-free rate	1.17%	1.24%
	Weighted average volatility	81.38%	81.77%
	Dividend yield	0.00%	0.00%
	Expected life	4.45 years	4.64 years

2_BASIC_AND_DILUTED_EARNINGS_P1

2. BASIC AND DILUTED EARNINGS PER COMMON SHARE (Details Narrative)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Options, warrants, convertible preferred stock and restricted stock units excluded from per share calculation	14,459,000	10,086,000

3_STOCKBASED_COMPENSATION_Deta

3. STOCK-BASED COMPENSATION (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Summary of weighted-average assumptions used for grants issued
Weighted-average risk-free rate	1.17%	1.24%
Weighted-average volatility	81.38%	81.77%
Dividend yield	0.00%	0.00%
Expected life	4 years 5 months 12 days	4 years 7 months 20 days

3_STOCK_BASED_COMPENSATION_Det

3. STOCK BASED COMPENSATION (Details Narrative) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Stock Based Compensation
Stock-based compensation expense	$99	$52
Stock options granted	785,000	850,000
Number of share options exercised	34,000
Common stock issued upon option exercises	8,000	18,000
Proceeds from options exercised	0	6
Intrinsic value exercised	$4	$7
2010 Plan [Member]
Stock Based Compensation
Shares available for grant	842,000
Shares authorized under plan	12,000,000
2014 Plan [Member]
Stock Based Compensation
Shares available for grant	750,000
Shares authorized under plan	4,250,000

4_NOTES_PAYABLE_Details_Narrat

4. NOTES PAYABLE (Details Narrative) (Equipment Financing, USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Equipment Financing
Maximum borrowing capacity	$9,853
Amount outstanding	$4,695

5_ACCUMULATED_OTHER_COMPREHENS1

5. ACCUMULATED OTHER COMPREHENSIVE INCOME (Details Narrative) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Stockholders' Equity Note [Abstract]
Foreign currency translation adjustments recorded in accumulated other comprehensive income	$326	$479

7_CONCENTRATIONS_OF_RISK_Detai

7. CONCENTRATIONS OF RISK (Details Narrative) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Accounts receivable from customer	$645		$2,190
Purchase commitment	52		423
Revenues | One Customer
Revenues	2,389	2,646
Concentration risk percentage	42.00%	41.00%
Accounts Receivable | One Customer
Accounts receivable from customer	$177		$1,558