10-Q Filing

JOINT Corp CIK: 1612630 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001171843-15-002893`
Period End Date	20150331
Filing Date	20150515
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	jynt-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 40 Cash Flow Statement 55

Balance Sheet 92 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
Series A preferred stock, shares authorized,	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.08M	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
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$224.58K	USD	Point-in-time
Series A preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Series A preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$338.56K	USD	Point-in-time
Series A preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Series A preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$704.90K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$775.67K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$395.81K	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, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.25M	shares	Point-in-time
Note receivable - current portion	`NotesAndLoansReceivableNetCurrent`	$27.53K	USD	Point-in-time
Note receivable - current portion	`NotesAndLoansReceivableNetCurrent`	$24.60K	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
Deferred franchise costs - current portion	`DeferredFranchiseCostsCurrent`	$622.80K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.27M	shares	Point-in-time
Deferred franchise costs - current portion	`DeferredFranchiseCostsCurrent`	$579.80K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.20M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.73M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.66M	shares	Point-in-time
Deferred tax asset - current portion	`DeferredTaxAssetsLiabilitiesNetCurrent`	$208.80K	USD	Point-in-time
Deferred tax asset - current portion	`DeferredTaxAssetsLiabilitiesNetCurrent`	$208.80K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	534,000.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$80.33K	USD	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
Total current assets	`AssetsCurrent`	$19.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.36M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.59M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.13M	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$27.94K	USD	Point-in-time
Note receivable	`NotesAndLoansReceivableNetNoncurrent`	$31.74K	USD	Point-in-time
Deferred franchise costs, net of current portion	`DeferredFranchiseCostsNoncurrent`	$2.57M	USD	Point-in-time
Deferred franchise costs, net of current portion	`DeferredFranchiseCostsNoncurrent`	$2.43M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$153.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.08M	USD	Point-in-time
Goodwill	`Goodwill`	$1.82M	USD	Point-in-time
Goodwill	`Goodwill`	$636.10K	USD	Point-in-time
Deposits and other assets	`DepositsAssetsNoncurrent`	$86.05K	USD	Point-in-time
Deposits and other assets	`DepositsAssetsNoncurrent`	$585.15K	USD	Point-in-time
Total assets	`Assets`	$28.47M	USD	Point-in-time
Total assets	`Assets`	$26.53M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.27M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.58M	USD	Point-in-time
Co-op funds liability	`CoOpFundsLiabilityCurrent`	$298.56K	USD	Point-in-time
Co-op funds liability	`CoOpFundsLiabilityCurrent`	$186.60K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$627.47K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$617.94K	USD	Point-in-time
Note payable - current portion	`NotesPayableCurrent`	$115.00K	USD	Point-in-time
Deferred rent - current portion	`DeferredRentCreditCurrent`	$93.40K	USD	Point-in-time
Deferred rent - current portion	`DeferredRentCreditCurrent`	$98.05K	USD	Point-in-time
Deferred revenue - current portion	`DeferredRevenueCurrent`	$1.96M	USD	Point-in-time
Deferred revenue - current portion	`DeferredRevenueCurrent`	$2.01M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$41.58K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$50.73K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.76M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.18M	USD	Point-in-time
Note payable - net of current portion	`LongTermNotesPayable`	$140.00K	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$451.77K	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$432.32K	USD	Point-in-time
Deferred revenue, net of current portion	`DeferredRevenueNoncurrent`	$7.92M	USD	Point-in-time
Deferred revenue, net of current portion	`DeferredRevenueNoncurrent`	$7.04M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$296.45K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$299.40K	USD	Point-in-time
Total liabilities	`Liabilities`	$12.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$12.67M	USD	Point-in-time
Commitment and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitment and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value; 20,000,000 shares authorized, 10,265,019 shares issued and 9,731,019 shares outstanding as of March 31, 2015 and 10,196,502 shares issued and 9,662,502 outstanding as of December 31, 2014	`CommonStockValue`	$10.20K	USD	Point-in-time
Common stock, $0.001 par value; 20,000,000 shares authorized, 10,265,019 shares issued and 9,731,019 shares outstanding as of March 31, 2015 and 10,196,502 shares issued and 9,662,502 outstanding as of December 31, 2014	`CommonStockValue`	$10.27K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$21.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$21.42M	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`	$-6.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$13.86M	USD	Point-in-time
Total liabilties and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$26.53M	USD	Point-in-time
Total liabilties and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$28.47M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Royalty fees	`RoyaltyRevenue`	$1.02M	USD	1 Quarter
Royalty fees	`RoyaltyRevenue`	$608.33K	USD	1 Quarter
Franchise fees	`FranchiseRevenue`	$348.00K	USD	1 Quarter
Franchise fees	`FranchiseRevenue`	$464.00K	USD	1 Quarter
Revenues and management fees from company clinics	`OtherSalesRevenueNet`	$387.45K	USD	1 Quarter
Advertising fund revenue	`AdvertisingRevenue`	$285.52K	USD	1 Quarter
Advertising fund revenue	`AdvertisingRevenue`	$86.73K	USD	1 Quarter
IT related income and software fees	`TechnologyServicesRevenue`	$203.97K	USD	1 Quarter
IT related income and software fees	`TechnologyServicesRevenue`	$199.62K	USD	1 Quarter
Regional developer fees	`RegionalDeveloperFeesRevenue`	$108.75K	USD	1 Quarter
Regional developer fees	`RegionalDeveloperFeesRevenue`	$217.50K	USD	1 Quarter
Other revenues	`OtherIncome`	$49.94K	USD	1 Quarter
Other revenues	`OtherIncome`	$45.40K	USD	1 Quarter
Total revenues	`Revenues`	$1.51M	USD	1 Quarter
Total revenues	`Revenues`	$2.51M	USD	1 Quarter
Franchise cost of revenues	`FranchiseCosts`	$507.57K	USD	1 Quarter
Franchise cost of revenues	`FranchiseCosts`	$458.78K	USD	1 Quarter
IT cost of revenues	`TechnologyServicesCosts`	$37.70K	USD	1 Quarter
IT cost of revenues	`TechnologyServicesCosts`	$71.75K	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$530.52K	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$545.26K	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$967.02K	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$119.94K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$40.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$122.60K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.79M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$979.69K	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.88M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.14M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-157.39K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.92M	USD	1 Quarter
Gain on sale of property and equipment	`NonoperatingIncomeExpense`	$11.50K	USD	1 Quarter
Loss before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.90M	USD	1 Quarter
Loss before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-157.39K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-29.49K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-127.89K	USD	1 Quarter
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	1 Quarter
Basic and diluted loss per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-127.89K	USD	1 Quarter
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$847.00	USD	1 Quarter
Regional developer fees recognized upon acquisition of development rights	`RegionalDeveloperFeesRecognizedUponAcquisitionOfDevelopmentRights`	$159.50K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$40.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$122.60K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$11.50K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.00	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$15.60K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$132.29K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$113.98K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$113.32K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-85.93K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$71.61K	USD	1 Quarter
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes`	$63.50K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.03K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-295.60K	USD	1 Quarter
Deferred franchise costs	`IncreaseDecreaseDeferredFranchiseCosts`	$-24.80K	USD	1 Quarter
Deferred franchise costs	`IncreaseDecreaseDeferredFranchiseCosts`	$-74.55K	USD	1 Quarter
Deposits and other assets	`IncreaseDecreaseInDepositOtherAssets`	$8.40K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$304.21K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$58.10K	USD	1 Quarter
Co-op funds liability	`IncreaseDecreaseInCoOpFundsLiability`	$26.59K	USD	1 Quarter
Co-op funds liability	`IncreaseDecreaseInCoOpFundsLiability`	$111.96K	USD	1 Quarter
Payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$9.52K	USD	1 Quarter
Payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-17.13K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-12.12K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$34.96K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-14.79K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$540.36K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-419.30K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-99.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-43.50K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.34M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$49.78K	USD	1 Quarter
Acquisition of businesses	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.83M	USD	1 Quarter
Reacquisition and termination of regional developer rights	`AdvancesForReacquisitionAndTerminationOfRegionalDeveloperRights`	$545.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.02K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$548.99K	USD	1 Quarter
Proceeds received on sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$11.50K	USD	1 Quarter
Payments received on notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$6.73K	USD	1 Quarter
Payments received on notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$6.34K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-542.65K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.37M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.71M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-492.88K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.52M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.08M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.80M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.52M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.08M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.80M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$420.25K	USD	1 Quarter

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