Business Context and Reporting Period
Company: Wireless Ronin Technologies, Inc. (Note: Request metadata referenced "Creative Realities, Inc.", but the filing text identifies the registrant as Wireless Ronin Technologies, Inc.)
Filing Type: Form 8-K (Current Report)
Date of Report: June 11, 2007
Reporting Period: Specific event date of June 11, 2007.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It discloses a specific contractual commitment:
- Contract Value: Estimated at $206,000.
- Subject: Acquisition of a Cisco Unified Communications system (hardware, software, and services) for a new office location.
- Counterparty: Spanlink Communications, Inc.
Material Changes and Related Party Transaction
The filing discloses a material related party transaction under Item 8.01 (Other Events):
- Related Party: Brett A. Shockley, a director of Wireless Ronin Technologies, Inc., is the President, Chairman, Director, and principal shareholder of Spanlink Communications, Inc.
- Transaction Details: A statement of work was executed on June 11, 2007, stemming from a master services agreement signed in April 2007.
- Management Assertion: The company believes the system and cost are competitive with those available from unrelated parties.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, financial outlook, or discussion of general risks. The primary contingency noted is the execution of the $206,000 contract with a related party.
Investor Verification Checklist
- Verify the competitive pricing of the $206,000 Cisco system compared to market rates from unrelated vendors.
- Confirm the extent of Brett A. Shockley's ownership and control over Spanlink Communications, Inc.
- Review the April 2007 master services agreement for additional terms or obligations not detailed in this 8-K.
- Assess the impact of this capital expenditure on the company's current cash position and liquidity.