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10-Q Filing

JOINT Corp CIK: 1612630 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001171843-16-010056
Period End Date 20160331
Filing Date 20160516
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance jynt-20160331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 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 $17.08M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $20.80M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $16.79M USD Point-in-time
Series A Preferred Stock, shares authorized (in shares) PreferredStockSharesAuthorized 50,000.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $10.37M USD Point-in-time
Series A Preferred Stock, shares authorized (in shares) PreferredStockSharesAuthorized 50,000.00 shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $385.28K USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $457.27K USD Point-in-time
Series A Preferred Stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Series A Preferred Stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Series A Preferred Stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $1.65M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $743.24K USD Point-in-time
Series A Preferred Stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Income taxes receivable IncomeTaxesReceivable $70.98K USD Point-in-time
Common Stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $38.96K USD Point-in-time
Common Stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Notes receivable - current portion NotesAndLoansReceivableNetCurrent $48.76K USD Point-in-time
Common Stock, shares authorized (in shares) CommonStockSharesAuthorized 20.00M shares Point-in-time
Notes receivable - current portion NotesAndLoansReceivableNetCurrent $60.91K USD Point-in-time
Common Stock, shares authorized (in shares) CommonStockSharesAuthorized 20.00M shares Point-in-time
Common Stock, shares issued (in shares) CommonStockSharesIssued 13.07M shares Point-in-time
Deferred franchise costs - current portion DeferredFranchiseCostsCurrent $630.90K USD Point-in-time
Deferred franchise costs - current portion DeferredFranchiseCostsCurrent $605.85K USD Point-in-time
Common Stock, shares issued (in shares) CommonStockSharesIssued 13.12M shares Point-in-time
Common Stock, shares outstanding (in shares) CommonStockSharesOutstanding 12.58M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $445.03K USD Point-in-time
Common Stock, shares outstanding (in shares) CommonStockSharesOutstanding 12.54M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $366.03K USD Point-in-time
Total current assets AssetsCurrent $19.03M USD Point-in-time
Treasury Stock, shares (in shares) TreasuryStockShares 534,000.00 shares Point-in-time
Treasury Stock, shares (in shares) TreasuryStockShares 534,000.00 shares Point-in-time
Total current assets AssetsCurrent $13.63M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $7.14M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $7.97M USD Point-in-time
Notes receivable, net of current portion and reserve NotesAndLoansReceivableNetNoncurrent $15.82K USD Point-in-time
Notes receivable, net of current portion and reserve NotesAndLoansReceivableNetNoncurrent $10.71K USD Point-in-time
Deferred franchise costs, net of current portion DeferredFranchiseCostsNoncurrent $1.34M USD Point-in-time
Deferred franchise costs, net of current portion DeferredFranchiseCostsNoncurrent $1.53M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.54M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.61M USD Point-in-time
Goodwill Goodwill $2.47M USD Point-in-time
Goodwill Goodwill $2.47M USD Point-in-time
Deposits and other assets DepositsAssetsNoncurrent $638.71K USD Point-in-time
Deposits and other assets DepositsAssetsNoncurrent $642.05K USD Point-in-time
Total assets Assets $28.67M USD Point-in-time
Total assets Assets $33.36M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.56M USD Point-in-time
Accounts payable AccountsPayableCurrent $2.00M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $288.42K USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $375.53K USD Point-in-time
Co-op funds liability CoOpFundsLiabilityCurrent $104.53K USD Point-in-time
Co-op funds liability CoOpFundsLiabilityCurrent $201.08K USD Point-in-time
Payroll liabilities EmployeeRelatedLiabilitiesCurrent $663.44K USD Point-in-time
Payroll liabilities EmployeeRelatedLiabilitiesCurrent $1.49M USD Point-in-time
Notes payable - current portion NotesPayableCurrent $451.85K USD Point-in-time
Notes payable - current portion NotesPayableCurrent $461.35K USD Point-in-time
Deferred rent - current portion DeferredRentCreditCurrent $279.25K USD Point-in-time
Deferred rent - current portion DeferredRentCreditCurrent $334.56K USD Point-in-time
Deferred revenue - current portion DeferredRevenueCurrent $2.58M USD Point-in-time
Deferred revenue - current portion DeferredRevenueCurrent $2.71M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $54.60K USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $96.29K USD Point-in-time
Total current liabilities LiabilitiesCurrent $6.17M USD Point-in-time
Total current liabilities LiabilitiesCurrent $7.49M USD Point-in-time
Notes payable, net of current portion LongTermNotesPayable $130.00K USD Point-in-time
Notes payable, net of current portion LongTermNotesPayable - USD Point-in-time
Deferred rent, net of current portion DeferredRentCreditNoncurrent $1.14M USD Point-in-time
Deferred rent, net of current portion DeferredRentCreditNoncurrent $457.29K USD Point-in-time
Deferred revenue, net of current portion DeferredRevenueNoncurrent $4.37M USD Point-in-time
Deferred revenue, net of current portion DeferredRevenueNoncurrent $3.80M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $238.65K USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $206.74K USD Point-in-time
Total liabilities Liabilities $12.68M USD Point-in-time
Total liabilities Liabilities $11.32M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments 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 March 31, 2016, and December 31, 2015 PreferredStockValue - USD Point-in-time
Series A preferred stock, $0.001 par value; 50,000 shares authorized, 0 issued and outstanding, as of March 31, 2016, and December 31, 2015 PreferredStockValue - USD Point-in-time
Common stock, $0.001 par value; 20,000,000 shares authorized, 13,118,336 shares issued and 12,584,336 shares outstanding as of March 31, 2016 and 13,070,180 shares issued and 12,536,180 outstanding as of December 31, 2015 CommonStockValue $13.07K USD Point-in-time
Common stock, $0.001 par value; 20,000,000 shares authorized, 13,118,336 shares issued and 12,584,336 shares outstanding as of March 31, 2016 and 13,070,180 shares issued and 12,536,180 outstanding as of December 31, 2015 CommonStockValue $13.12K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $35.47M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $35.27M USD Point-in-time
Treasury stock (534,000 shares as of March 31, 2016 and December 31, 2015, at cost) TreasuryStockValue $791.64K USD Point-in-time
Treasury stock (534,000 shares as of March 31, 2016 and December 31, 2015, at cost) TreasuryStockValue $791.64K USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-13.81M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-17.33M USD Point-in-time
Total stockholders' equity StockholdersEquity $20.68M USD Point-in-time
Total stockholders' equity StockholdersEquity $17.35M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $28.67M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $33.36M USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Royalty fees RoyaltyRevenue $1.02M USD 1 Quarter
Royalty fees RoyaltyRevenue $1.37M USD 1 Quarter
Franchise fees FranchiseRevenue $514.80K USD 1 Quarter
Franchise fees FranchiseRevenue $348.00K USD 1 Quarter
Revenues and management fees from company clinics OtherSalesRevenueNet $387.45K USD 1 Quarter
Revenues and management fees from company clinics OtherSalesRevenueNet $1.66M USD 1 Quarter
Advertising fund revenue AdvertisingRevenue $285.52K USD 1 Quarter
Advertising fund revenue AdvertisingRevenue $265.72K USD 1 Quarter
IT related income and software fees TechnologyServicesRevenue $203.97K USD 1 Quarter
IT related income and software fees TechnologyServicesRevenue $221.13K USD 1 Quarter
Regional developer fees RegionalDeveloperFeesRevenue $217.50K USD 1 Quarter
Regional developer fees RegionalDeveloperFeesRevenue $147.54K USD 1 Quarter
Other revenues OtherIncome $49.94K USD 1 Quarter
Other revenues OtherIncome $88.46K USD 1 Quarter
Total revenues Revenues $2.51M USD 1 Quarter
Total revenues Revenues $4.27M USD 1 Quarter
Franchise cost of revenues FranchiseCosts $507.57K USD 1 Quarter
Franchise cost of revenues FranchiseCosts $694.74K USD 1 Quarter
IT cost of revenues TechnologyServicesCosts $45.23K USD 1 Quarter
IT cost of revenues TechnologyServicesCosts $37.70K USD 1 Quarter
Total cost of revenues CostOfRevenue $545.26K USD 1 Quarter
Total cost of revenues CostOfRevenue $739.96K USD 1 Quarter
Selling and marketing expenses SellingAndMarketingExpense $967.02K USD 1 Quarter
Selling and marketing expenses SellingAndMarketingExpense $738.68K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $122.60K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $575.54K USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $5.70M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $2.79M USD 1 Quarter
Total selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $3.88M USD 1 Quarter
Total selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $7.01M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-3.49M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-1.92M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $4.92K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $11.50K USD 1 Quarter
Loss before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-1.90M USD 1 Quarter
Loss before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-3.48M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit - USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $44.40K USD 1 Quarter
Net loss and comprehensive loss NetIncomeLoss $-1.90M USD 1 Quarter
Net loss and comprehensive loss NetIncomeLoss $-3.53M 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 $-0.28 USD 1 Quarter
Basic and diluted weighted average shares (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 9.66M shares 1 Quarter
Basic and diluted weighted average shares (in shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 12.57M shares 1 Quarter
Cash Flow Statement 72 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-1.90M USD 1 Quarter
Net loss NetIncomeLoss $-3.53M USD 1 Quarter
Provision for bad debts ProvisionForDoubtfulAccounts - 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
Regional developer fees recognized upon acquisition of development rights RegionalDeveloperFeesRecognizedUponAcquisitionOfDevelopmentRights - USD 1 Quarter
Net franchise fees recognized upon termination of franchise agreements NetFranchiseFeesRecognizedUponTerminationOfFranchiseAgreements - USD 1 Quarter
Net franchise fees recognized upon termination of franchise agreements NetFranchiseFeesRecognizedUponTerminationOfFranchiseAgreements $41.10K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $122.60K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $575.54K USD 1 Quarter
Gain on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Gain on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $11.50K USD 1 Quarter
Stock based compensation expense ShareBasedCompensation $132.29K USD 1 Quarter
Stock based compensation expense ShareBasedCompensation $197.67K USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCashForOperatingActivities $113.98K USD 1 Quarter
Restricted cash IncreaseDecreaseInRestrictedCashForOperatingActivities $71.98K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $71.61K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $902.19K USD 1 Quarter
Income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $-32.02K USD 1 Quarter
Income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable - USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $79.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-295.60K USD 1 Quarter
Deferred franchise costs IncreaseDecreaseInDeferredFranchiseCosts $-74.55K USD 1 Quarter
Deferred franchise costs IncreaseDecreaseInDeferredFranchiseCosts $-121.60K USD 1 Quarter
Deposits and other assets IncreaseDecreaseInDepositOtherAssets $8.40K USD 1 Quarter
Deposits and other assets IncreaseDecreaseInDepositOtherAssets $3.34K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-16.88K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.23M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $321.08K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-234.29K USD 1 Quarter
Co-op funds liability IncreaseDecreaseInCoOpFundsLiability $-96.55K USD 1 Quarter
Co-op funds liability IncreaseDecreaseInCoOpFundsLiability $111.96K USD 1 Quarter
Payroll liabilities IncreaseDecreaseInEmployeeRelatedLiabilities $-829.93K USD 1 Quarter
Payroll liabilities IncreaseDecreaseInEmployeeRelatedLiabilities $9.52K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-12.12K USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $9.79K USD 1 Quarter
Deferred rent IncreaseDecreaseInOtherDeferredLiability $628.18K USD 1 Quarter
Deferred rent IncreaseDecreaseInOtherDeferredLiability $-14.79K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-311.87K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $-99.00K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-1.34M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-5.76M USD 1 Quarter
Cash paid for acquisitions PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Cash paid for acquisitions PaymentsToAcquireBusinessesNetOfCashAcquired $1.83M USD 1 Quarter
Reacquisition and termination of regional developer rights ReacquisitionAndTerminationOfRegionalDeveloperRights $275.00K USD 1 Quarter
Reacquisition and termination of regional developer rights ReacquisitionAndTerminationOfRegionalDeveloperRights $545.00K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $14.02K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $287.94K USD 1 Quarter
Proceeds received on sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $11.50K USD 1 Quarter
Proceeds received on sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Payments received on notes receivable ProceedsFromCollectionOfNotesReceivable $17.26K USD 1 Quarter
Payments received on notes receivable ProceedsFromCollectionOfNotesReceivable $6.73K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-545.68K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-2.37M USD 1 Quarter
Issuance of common stock, offering costs adjustment PaymentsOfStockIssuanceCosts $1.04K USD 1 Quarter
Issuance of common stock, offering costs adjustment PaymentsOfStockIssuanceCosts - USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised - USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $1.60K USD 1 Quarter
Repayments on notes payable RepaymentsOfNotesPayable - USD 1 Quarter
Repayments on notes payable RepaymentsOfNotesPayable $120.50K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations - USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-119.94K USD 1 Quarter
Net decrease in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-3.71M USD 1 Quarter
Net decrease in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-6.43M USD 1 Quarter
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 beginning of period CashAndCashEquivalentsAtCarryingValue $16.79M USD Point-in-time
Cash at beginning of period CashAndCashEquivalentsAtCarryingValue $10.37M 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 at end of period CashAndCashEquivalentsAtCarryingValue $16.79M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $10.37M USD Point-in-time

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

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