SEC Info - Crossroads Systems Inc - ‘10-Q’ for 7/31/12

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Crossroads Systems Inc – ‘10-Q’ for 7/31/12 – ‘R11’

On: Friday, 9/14/12, at 5:06pm ET · For: 7/31/12 · Accession #: 1144204-12-51551 · File #: 1-15331

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/14/12  Crossroads Systems Inc            10-Q        7/31/12   55:2.8M                                   Toppan Merrill/FA

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    204K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     21K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     21K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     17K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     17K 
35: R1          Document and Entity Information                     HTML     37K 
25: R2          Condensed Consolidated Balance Sheets               HTML    109K 
32: R3          Condensed Consolidated Balance Sheets               HTML     31K 
                [Parenthetical]                                                  
37: R4          Condensed Consolidated Statements of Operations     HTML     75K 
50: R5          Condensed Consolidated Statements of Cash Flows     HTML    123K 
26: R6          Basis of Presentation                               HTML     29K 
31: R7          Fair Value Measurements                             HTML     31K 
22: R8          Inventory                                           HTML     24K 
16: R9          Property and Equipment                              HTML     28K 
51: R10         Intangible Assets                                   HTML     27K 
39: R11         Accrued Expenses and Deferred Revenue               HTML     35K 
38: R12         Line of Credit and Long Term Liabilities            HTML     29K 
43: R13         Commitments and Contingencies                       HTML     28K 
44: R14         Stockholders' Equity                                HTML     33K 
42: R15         Stock Options and Stock Based Compensation          HTML     61K 
45: R16         Inventory (Tables)                                  HTML     22K 
33: R17         Property and Equipment (Tables)                     HTML     26K 
36: R18         Intangible Assets (Tables)                          HTML     25K 
41: R19         Accrued Expenses and Deferred Revenue (Tables)      HTML     40K 
55: R20         Line of Credit and Long Term Liabilities (Tables)   HTML     28K 
47: R21         Stock Options and Stock Based Compensation          HTML     55K 
                (Tables)                                                         
28: R22         Basis of Presentation (Details Textual)             HTML     26K 
40: R23         Fair Value Measurements (Details Textual)           HTML     21K 
30: R24         Inventory (Details)                                 HTML     23K 
14: R25         Property and Equipment (Details)                    HTML     40K 
48: R26         Property and Equipment (Details Textual)            HTML     19K 
52: R27         Intangible Assets (Details)                         HTML     28K 
19: R28         Intangible Assets (Details Textual)                 HTML     22K 
18: R29         Accrued Expenses and Deferred Revenue (Details)     HTML     38K 
20: R30         Accrued Expenses and Deferred Revenue (Details 1)   HTML     26K 
21: R31         Accrued Expenses and Deferred Revenue (Details 2)   HTML     20K 
23: R32         Accrued Expenses and Deferred Revenue (Details      HTML     31K 
                Textual)                                                         
13: R33         Line of Credit and Long Term Liabilities (Details)  HTML     38K 
46: R34         Line of Credit and Long Term Liabilities (Details   HTML     48K 
                Textual)                                                         
27: R35         Commitments and Contingencies (Details Textual)     HTML     20K 
29: R36         Stockholders' Equity (Details Textual)              HTML     55K 
15: R37         Stock Options and Stock Based Compensation          HTML     20K 
                (Details)                                                        
54: R38         Stock Options and Stock Based Compensation          HTML     28K 
                (Details 1)                                                      
12: R39         Stock Options and Stock Based Compensation          HTML     50K 
                (Details 2)                                                      
24: R40         Stock Options and Stock Based Compensation          HTML     56K 
                (Details 3)                                                      
49: R41         Stock Options and Stock Based Compensation          HTML     68K 
                (Details Textual)                                                
53: XML         IDEA XML File -- Filing Summary                      XML     79K 
17: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    317K 
 6: EX-101.INS  XBRL Instance -- crds-20120731                       XML    511K 
 8: EX-101.CAL  XBRL Calculations -- crds-20120731_cal               XML    101K 
 9: EX-101.DEF  XBRL Definitions -- crds-20120731_def                XML    419K 
10: EX-101.LAB  XBRL Labels -- crds-20120731_lab                     XML    716K 
11: EX-101.PRE  XBRL Presentations -- crds-20120731_pre              XML    502K 
 7: EX-101.SCH  XBRL Schema -- crds-20120731                         XSD    124K 
34: ZIP         XBRL Zipped Folder -- 0001144204-12-051551-xbrl      Zip     72K

‘R11’ — Accrued Expenses and Deferred Revenue

This is an IDEA Financial Report. [ Alternative Formats ]

ACCRUED EXPENSES AND DEFERRED REVENUE

9 Months Ended

Jul. 31, 2012

Payables and Accruals [Abstract]

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

ACCRUED EXPENSES AND DEFERRED REVENUE

Accrued expenses consist of the following (in thousands):

	October 31,		July 31,
	2011		2012
			(Unaudited)

Payroll related	$	1,475	$	1,528
Professional services		271		222
Warranty reserve		22		16
Customer deposits		-		135
Other		388		435
	$	2,156	$	2,336

Included in payroll related accrued expenses as of October 31, 2011 was $587,000 related to bonus compensation, $407,000 of which was subsequently settled in January 2012 with 83,959 shares of common stock. Included in payroll related accrued expenses as of July 31, 2012 was $544,000 related to bonus compensation, $336,000 of which is expected to be settled in January 2013 with shares of common stock.

Warranty reserve activity during the year ended October 31, 2011 and nine months ended July 31, 2012 was as follows (in thousands):

	Balance at		Charged to					Balance at
	Beginning		Costs and		Reserve			End of
	of Period		Expenses		Usage			Period

Year ended October 31, 2011
Warranty reserve	$	30	$	9	$	(17	)	$	22

Nine months ended July 31, 2012 (unaudited)
Warranty reserve	$	22	$	12	$	(18	)	$	16

Deferred revenue, current portion, consists of the following (in thousands):

	October 31,		July 31,
	2011		2012
			(Unaudited)

Product	$	558	$	354
Services		449		1,511
Other		2		43
	$	1,009	$	1,908

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-Q’ Filing	Date	Other Filings

Filed on:	9/14/12	424B3
For Period end:	7/31/12	4, 8-K
	10/31/11	10-K, 4
	7/31/11	10-Q
		List all Filings

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Filing Submission 0001144204-12-051551 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)