10-Q Filing

JOINT Corp CIK: 1612630 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001171843-18-003865`
Period End Date	20180331
Filing Date	20180511
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	jynt-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 28 Cash Flow Statement 62

Balance Sheet 96 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`	$4.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.22M	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`	$2.68M	USD	Point-in-time
Series A preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$103.82K	USD	Point-in-time
Series A preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$134.19K	USD	Point-in-time
Series A preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$312.55K	USD	Point-in-time
Series A preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	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`	$1.05M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$1.14M	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
Notes receivable - current portion	`NotesAndLoansReceivableNetCurrent`	$176.26K	USD	Point-in-time
Notes receivable - current portion	`NotesAndLoansReceivableNetCurrent`	$171.93K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Deferred franchise costs - current portion	`ContractWithCustomerAssetNetCurrent`	$498.43K	USD	Point-in-time
Deferred franchise costs - current portion	`ContractWithCustomerAssetNetCurrent`	$522.12K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$542.34K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.61M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.60M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$733.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.67M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.59M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.59M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.65M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.72M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	14,084.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.80M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	14,084.00	shares	Point-in-time
Notes receivable, net of current portion and reserve	`NotesAndLoansReceivableNetNoncurrent`	$306.13K	USD	Point-in-time
Notes receivable, net of current portion and reserve	`NotesAndLoansReceivableNetNoncurrent`	$351.86K	USD	Point-in-time
Deferred franchise costs, net of current portion	`ContractWithCustomerAssetNetNoncurrent`	$2.42M	USD	Point-in-time
Deferred franchise costs, net of current portion	`ContractWithCustomerAssetNetNoncurrent`	$2.31M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.76M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.64M	USD	Point-in-time
Goodwill	`Goodwill`	$2.92M	USD	Point-in-time
Goodwill	`Goodwill`	$2.92M	USD	Point-in-time
Deposits and other assets	`DepositsAssetsNoncurrent`	$594.21K	USD	Point-in-time
Deposits and other assets	`DepositsAssetsNoncurrent`	$611.81K	USD	Point-in-time
Total assets	`Assets`	$18.24M	USD	Point-in-time
Total assets	`Assets`	$18.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$935.66K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$197.81K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$86.96K	USD	Point-in-time
Co-op funds liability	`CoOpFundsLiabilityCurrent`	$89.68K	USD	Point-in-time
Co-op funds liability	`CoOpFundsLiabilityCurrent`	$134.19K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$867.43K	USD	Point-in-time
Payroll liabilities	`EmployeeRelatedLiabilitiesCurrent`	$846.92K	USD	Point-in-time
Notes payable - current portion	`NotesPayableCurrent`	$100.00K	USD	Point-in-time
Notes payable - current portion	`NotesPayableCurrent`	$100.00K	USD	Point-in-time
Deferred rent - current portion	`DeferredRentCreditCurrent`	$173.01K	USD	Point-in-time
Deferred rent - current portion	`DeferredRentCreditCurrent`	$152.20K	USD	Point-in-time
Deferred franchise revenue - current portion	`ContractWithCustomerLiabilityCurrent`	$1.99M	USD	Point-in-time
Deferred franchise revenue - current portion	`ContractWithCustomerLiabilityCurrent`	$1.99M	USD	Point-in-time
Deferred revenue from company clinics	`DeferredRevenueFromCompanyClinicsCurrent`	$867.80K	USD	Point-in-time
Deferred revenue from company clinics	`DeferredRevenueFromCompanyClinicsCurrent`	$905.62K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$388.35K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$72.53K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.67M	USD	Point-in-time
Notes payable, net of current portion	`LongTermNotesPayable`	$1.00M	USD	Point-in-time
Notes payable, net of current portion	`LongTermNotesPayable`	$1.00M	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$750.01K	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$802.49K	USD	Point-in-time
Deferred franchise revenue, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$9.60M	USD	Point-in-time
Deferred franchise revenue, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$9.56M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$57.19K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$136.43K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$106.56K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$411.50K	USD	Point-in-time
Total liabilities	`Liabilities`	$17.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.21M	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 shares issued and outstanding, as of March 31, 2018, and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Series A preferred stock, $0.001 par value; 50,000 shares authorized, 0 shares issued and outstanding, as of March 31, 2018, and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 20,000,000 shares authorized, 13,607,838 shares issued and 13,593,754 shares outstanding as of March 31, 2018 and 13,600,338 shares issued and 13,586,254 outstanding as of December 31, 2017	`CommonStockValue`	$13.60K	USD	Point-in-time
Common stock, $0.001 par value; 20,000,000 shares authorized, 13,607,838 shares issued and 13,593,754 shares outstanding as of March 31, 2018 and 13,600,338 shares issued and 13,586,254 outstanding as of December 31, 2017	`CommonStockValue`	$13.61K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.23M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.46M	USD	Point-in-time
Treasury stock 14,084 shares as of March 31, 2018 and December 31, 2017, at cost	`TreasuryStockValue`	$86.05K	USD	Point-in-time
Treasury stock 14,084 shares as of March 31, 2018 and December 31, 2017, at cost	`TreasuryStockValue`	$86.05K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.94M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.21M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$18.24M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$18.42M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue from Contract with Customer	`RevenueFromContractWithCustomerIncludingAssessedTax`	$5.51M	USD	1 Quarter
Revenue from Contract with Customer	`RevenueFromContractWithCustomerIncludingAssessedTax`	$7.10M	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$972.33K	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$693.72K	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$958.71K	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$1.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$577.99K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$387.42K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.07M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.56M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.10M	USD	1 Quarter
Total selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.56M	USD	1 Quarter
Loss on disposition or impairment	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	-	USD	1 Quarter
Loss on disposition or impairment	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-417.97K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.71M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-439.06K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-11.19K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-19.46K	USD	1 Quarter
Loss before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.72M	USD	1 Quarter
Loss before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-450.26K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$40.61K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-63.35K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-1.77M	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-386.90K	USD	1 Quarter
Basic and diluted loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted loss per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Basic and diluted weighted average shares (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.59M	shares	1 Quarter
Basic and diluted weighted average shares (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.04M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.77M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-386.90K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$577.99K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$387.42K	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-388.00	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposition or impairment of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	-	USD	1 Quarter
Loss on disposition or impairment of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-417.97K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-79.24K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$36.22K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$207.64K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$95.06K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$214.86K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-90.84K	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-38.96K	USD	1 Quarter
Income taxes receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$394.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$191.16K	USD	1 Quarter
Deferred franchise costs	`IncreaseDecreaseInDeferredFranchiseCosts`	$-111.13K	USD	1 Quarter
Deferred franchise costs	`IncreaseDecreaseInDeferredFranchiseCosts`	$133.55K	USD	1 Quarter
Deposits and other assets	`IncreaseDecreaseInDepositOtherAssets`	$-40.87K	USD	1 Quarter
Deposits and other assets	`IncreaseDecreaseInDepositOtherAssets`	$-17.59K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-133.01K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$34.23K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$110.85K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-138.46K	USD	1 Quarter
Co-op funds liability	`IncreaseDecreaseInCoOpFundsLiability`	$21.76K	USD	1 Quarter
Co-op funds liability	`IncreaseDecreaseInCoOpFundsLiability`	$44.51K	USD	1 Quarter
Payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-20.51K	USD	1 Quarter
Payroll liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-353.33K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$10.88K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$101.01K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-309.37K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-31.67K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$72.82K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$421.62K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.10K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.28M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$183.73K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.33K	USD	1 Quarter
Payments received on notes receivable	`PaymentsForProceedsFromLoansReceivable`	$-41.39K	USD	1 Quarter
Payments received on notes receivable	`PaymentsForProceedsFromLoansReceivable`	$-10.01K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.32K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-142.34K	USD	1 Quarter
Borrowings on revolving credit note payable	`ProceedsFromLinesOfCredit`	$1.00M	USD	1 Quarter
Borrowings on revolving credit note payable	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$23.32K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$116.28K	USD	1 Quarter
Repayments on notes payable	`RepaymentsOfNotesPayable`	$163.50K	USD	1 Quarter
Repayments on notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$952.78K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$23.32K	USD	1 Quarter
Decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-355.10K	USD	1 Quarter
Decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-152.12K	USD	1 Quarter
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.32M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.17M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.34M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.99M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.32M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.17M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.34M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.99M	USD	Point-in-time

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