10-K Filing

JOINT Corp CIK: 1612630 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001171843-15-001550`
Period End Date	20141231
Filing Date	20150320
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	jynt-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 42 Cash Flow Statement 64 Stockholders Equity 12

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Series A preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Series A preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.80M	USD	Point-in-time
Series A preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Series A preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.57M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$224.58K	USD	Point-in-time
Series A preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Series A preferred stock, shares issued	`PreferredStockSharesIssued`	25,000.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$58.79K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$394.65K	USD	Point-in-time
Series A Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	25,000.00	shares	Point-in-time
Series A Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$704.90K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$395.81K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Note receivable - current portion	`NotesAndLoansReceivableNetCurrent`	$27.53K	USD	Point-in-time
Note receivable - current portion	`NotesAndLoansReceivableNetCurrent`	$25.93K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.34M	shares	Point-in-time
Deferred franchise costs - current portion	`DeferredFranchiseCostsCurrent`	$668.70K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.20M	shares	Point-in-time
Deferred franchise costs - current portion	`DeferredFranchiseCostsCurrent`	$939.75K	USD	Point-in-time
Deferred tax asset - current portion	`DeferredTaxAssetsLiabilitiesNetCurrent`	$208.80K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.81M	shares	Point-in-time
Deferred tax asset - current portion	`DeferredTaxAssetsLiabilitiesNetCurrent`	$701.20K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.66M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$375.93K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	534,000.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	534,000.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$23.73K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$400.27K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.13M	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$31.74K	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$59.27K	USD	Point-in-time
Note receivable - related party, net of allowance	`NotesReceivableRelatedPartiesNoncurrent`	$21.75K	USD	Point-in-time
Deferred franchise costs, net of current portion	`DeferredFranchiseCostsNoncurrent`	$2.28M	USD	Point-in-time
Deferred franchise costs, net of current portion	`DeferredFranchiseCostsNoncurrent`	$2.57M	USD	Point-in-time
Deferred tax asset - noncurrent	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$1.27M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$153.00K	USD	Point-in-time
Goodwill	`Goodwill`	$677.20K	USD	Point-in-time
Deposits and other assets	`DepositsAssetsNoncurrent`	$585.15K	USD	Point-in-time
Deposits and other assets	`DepositsAssetsNoncurrent`	$77.65K	USD	Point-in-time
Total assets	`Assets`	$28.56M	USD	Point-in-time
Total assets	`Assets`	$9.77M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$226.76K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.27M	USD	Point-in-time
Co-op funds liability	`CoOpFundsLiabilityCurrent`	$54.13K	USD	Point-in-time
Co-op funds liability	`CoOpFundsLiabilityCurrent`	$186.60K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$128.37K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$617.94K	USD	Point-in-time
Advertising fund deferred revenue	`AdvertisingFundDeferredRevenue`	$4.65K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$419.30K	USD	Point-in-time
Deferred rent - current portion	`DeferredRentCreditCurrent`	$93.40K	USD	Point-in-time
Deferred revenue - current portion	`DeferredRevenueCurrent`	$2.76M	USD	Point-in-time
Deferred revenue - current portion	`DeferredRevenueCurrent`	$2.04M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$50.73K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.59M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$451.77K	USD	Point-in-time
Deferred revenue, net of current portion	`DeferredRevenueNoncurrent`	$7.25M	USD	Point-in-time
Deferred revenue, net of current portion	`DeferredRevenueNoncurrent`	$7.92M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$299.40K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$147.75K	USD	Point-in-time
Total liabilities	`Liabilities`	$10.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$12.93M	USD	Point-in-time
Commitment and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitment and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A preferred stock, $0.001 par value; 50,000 shares authorized, 0 issued and outstanding, as of December 31, 2014, and 25,000 issued and outstanding as of December 31, 2013	`PreferredStockValue`	$25.00	USD	Point-in-time
Common stock, $0.001 par value; 20,000,000 shares authorized, 10,196,502 shares issued and 9,662,502 shares outstanding as of December 31, 2014 and 5,340,000 shares issued and 4,806,000 outstanding as of December 31, 2013	`CommonStockValue`	$10.20K	USD	Point-in-time
Common stock, $0.001 par value; 20,000,000 shares authorized, 10,196,502 shares issued and 9,662,502 shares outstanding as of December 31, 2014 and 5,340,000 shares issued and 4,806,000 outstanding as of December 31, 2013	`CommonStockValue`	$5.34K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$21.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.55M	USD	Point-in-time
Treasury stock (534,000 shares, at cost)	`TreasuryStockValue`	$791.64K	USD	Point-in-time
Treasury stock (534,000 shares, at cost)	`TreasuryStockValue`	$791.64K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.98M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$15.63M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.14M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.22M	USD	Point-in-time
Total liabilties and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$9.77M	USD	Point-in-time
Total liabilties and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$28.56M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Royalty fees	`RoyaltyRevenue`	$3.19M	USD	Annual
Royalty fees	`RoyaltyRevenue`	$1.53M	USD	Annual
Franchise fees	`FranchiseRevenue`	$1.93M	USD	Annual
Franchise fees	`FranchiseRevenue`	$2.54M	USD	Annual
Regional developer fees	`RegionalDeveloperFeesRevenue`	$742.88K	USD	Annual
Regional developer fees	`RegionalDeveloperFeesRevenue`	$478.50K	USD	Annual
IT related income and software fees	`TechnologyServicesRevenue`	$840.83K	USD	Annual
IT related income and software fees	`TechnologyServicesRevenue`	$762.87K	USD	Annual
Advertising fund revenue	`AdvertisingRevenue`	$459.49K	USD	Annual
Advertising fund revenue	`AdvertisingRevenue`	$216.78K	USD	Annual
Other income	`OtherIncome`	$168.01K	USD	Annual
Other income	`OtherIncome`	$210.06K	USD	Annual
Total revenues	`Revenues`	$5.96M	USD	Annual
Total revenues	`Revenues`	$7.12M	USD	Annual
Franchise cost of revenues	`FranchiseCosts`	$1.78M	USD	Annual
Franchise cost of revenues	`FranchiseCosts`	$2.08M	USD	Annual
IT cost of revenues	`TechnologyServicesCosts`	$165.06K	USD	Annual
IT cost of revenues	`TechnologyServicesCosts`	$224.72K	USD	Annual
Total cost of revenues	`CostOfRevenue`	$2.25M	USD	Annual
Total cost of revenues	`CostOfRevenue`	$2.01M	USD	Annual
Selling and marketing expenses	`SellingAndMarketingExpense`	$781.26K	USD	Annual
Selling and marketing expenses	`SellingAndMarketingExpense`	$1.19M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$210.12K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$70.72K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.10M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.66M	USD	Annual
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.50M	USD	Annual
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.51M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$439.79K	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-1.63M	USD	Annual
Other expense	`NonoperatingIncomeExpense`	$-64.08K	USD	Annual
Other expense	`NonoperatingIncomeExpense`	$-32.00K	USD	Annual
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$407.79K	USD	Annual
Income (loss) before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.69M	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$252.15K	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$1.34M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-3.03M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$155.63K	USD	Annual
Basic earnings (loss) per share (in Dollars per share)	`EarningsPerShareBasic`	$0.03	USD	Annual
Basic earnings (loss) per share (in Dollars per share)	`EarningsPerShareBasic`	$-0.56	USD	Annual
Diluted earnings (loss) per share (in Dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	Annual
Diluted earnings (loss) per share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.56	USD	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-3.03M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$155.63K	USD	Annual
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$102.78K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$210.12K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$70.72K	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-10.13K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-552.30K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.76M	USD	Annual
Accrued interest on notes receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$5.55K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$101.83K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$165.79K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-17.29K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$369.53K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$287.76K	USD	Annual
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$395.81K	USD	Annual
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$-300.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-47.07K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$352.20K	USD	Annual
Deferred franchise costs	`IncreaseDecreaseDeferredFranchiseCosts`	$14.85K	USD	Annual
Deferred franchise costs	`IncreaseDecreaseDeferredFranchiseCosts`	$20.40K	USD	Annual
Deposits and other assets	`IncreaseDecreaseInDepositOtherAssets`	$60.69K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.04M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$125.39K	USD	Annual
Co-op funds liability	`IncreaseDecreaseInCoOpFundsLiability`	$9.36K	USD	Annual
Co-op funds liability	`IncreaseDecreaseInCoOpFundsLiability`	$132.47K	USD	Annual
Payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$58.05K	USD	Annual
Payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$489.57K	USD	Annual
Advertising fund deferred revenue	`IncreaseDecreaseInAdvertisingFundDeferredRevenue`	$-26.65K	USD	Annual
Advertising fund deferred revenue	`IncreaseDecreaseInAdvertisingFundDeferredRevenue`	$-4.65K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-25.45K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$108.03K	USD	Annual
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$545.16K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$419.30K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-419.30K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$59.17K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-47.92K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-437.44K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$422.22K	USD	Annual
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$900.00K	USD	Annual
Advances for reacquisition and termination of regional developer rights	`AdvancesForReacquisitionAndTerminationOfRegionalDeveloperRights`	$507.50K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$241.41K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$659.30K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$2.50K	USD	Annual
Payments received on notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$4.18K	USD	Annual
Payments received on notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$10.35K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.06M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-231.06K	USD	Annual
Proceeds from issuance of common stock - initial public offering	`ProceedsFromIssuanceInitialPublicOffering`	$22.43M	USD	Annual
Proceeds from issuance of common stock - initial public offering	`ProceedsFromIssuanceInitialPublicOffering`	$17.07M	USD	Point-in-time
Offering costs paid	`PaymentsOfStockIssuanceCosts`	$2.65M	USD	Annual
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$240.00K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$19.78M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-240.00K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-48.84K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$17.28M	USD	Annual
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.52M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$20.80M	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.57M	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.52M	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$20.80M	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.57M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$420.25K	USD	Annual
Warrants issued for services in connection with initial public offering	`NoncashOrPartNoncashNoncashFinancialOrEquityInstrumentConsiderationForServicesWarrantsIssuedAmount`	$113.93K	USD	Annual
Conversion of preferred stock to common stock	`ConversionOfStockAmountConverted1`	$25.00	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balances, December 31, 2012	`StockholdersEquity`	$15.63M	USD	Point-in-time
Balances, December 31, 2012	`StockholdersEquity`	$-1.14M	USD	Point-in-time
Balances, December 31, 2012	`StockholdersEquity`	$-1.22M	USD	Point-in-time
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$240.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-3.03M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$155.63K	USD	Annual
Balance	`StockholdersEquity`	$15.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.22M	USD	Point-in-time
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$101.83K	USD	Annual
Issuance of common stock - IPO, net of offering costs of $2,761,325	`StockIssuedDuringPeriodValueNewIssues`	$19.78M	USD	Annual
Issuance of common stock - IPO, net of offering costs of $2,761,325 (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	3.00M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.