10-Q Filing

SPEEDEMISSIONS INC CIK: 1158419 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-223107`
Period End Date	20110630
Filing Date	20110815
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	cik0001158419-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 48 Cash Flow Statement 52

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$261.60K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$180.13K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$463.37K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$449.20K	USD	Point-in-time
Notes receivable - current portion	`NotesAndLoansReceivableNetCurrent`	$19.50K	USD	Point-in-time
Notes receivable - current portion	`NotesAndLoansReceivableNetCurrent`	$12.00K	USD	Point-in-time
Certificate and merchandise inventory	`CertificateAndMerchandiseInventory`	$79.28K	USD	Point-in-time
Certificate and merchandise inventory	`CertificateAndMerchandiseInventory`	$77.40K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$91.65K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$58.82K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$409.82K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$370.56K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$92.65K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$89.64K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	33.60M	shares	Point-in-time
Property and equipment, at cost less accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$624.81K	USD	Point-in-time
Property and equipment, at cost less accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$728.02K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	33.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.79M	shares	Point-in-time
Goodwill	`Goodwill`	$2.35M	USD	Point-in-time
Goodwill	`Goodwill`	$2.35M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$105.40K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$105.60K	USD	Point-in-time
Total assets	`Assets`	$3.54M	USD	Point-in-time
Total assets	`Assets`	$3.68M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$60.26K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$182.50K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$192.76K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$169.47K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$196.83K	USD	Point-in-time
Current portion of capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$47.29K	USD	Point-in-time
Current portion of capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$44.63K	USD	Point-in-time
Current portion of equipment financing obligations	`EquipmentFinancingObligationsCurrent`	$21.78K	USD	Point-in-time
Current portion of equipment financing obligations	`EquipmentFinancingObligationsCurrent`	$23.41K	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$35.78K	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$35.78K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$528.96K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$481.51K	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$41.34K	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$17.01K	USD	Point-in-time
Equipment financing obligations, net of current portion	`EquipmentFinancingObligationsNetNoncurrent`	$23.79K	USD	Point-in-time
Equipment financing obligations, net of current portion	`EquipmentFinancingObligationsNetNoncurrent`	$12.65K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$159.82K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$125.76K	USD	Point-in-time
Note payable	`LongTermNotesPayable`	$55.00K	USD	Point-in-time
Note payable	`LongTermNotesPayable`	$55.00K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$7.35K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$7.35K	USD	Point-in-time
Total liabilities	`Liabilities`	$768.81K	USD	Point-in-time
Total liabilities	`Liabilities`	$746.74K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, 250,000,000 shares authorized, 33,604,466 and 22,789,288 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$33.53K	USD	Point-in-time
Common stock, $.001 par value, 250,000,000 shares authorized, 33,604,466 and 22,789,288 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$22.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$15.81M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$15.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.50M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.78M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.67M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.68M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.54M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$4.26M	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$2.50M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$4.95M	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$2.15M	USD	1 Quarter
Cost of emission certificates	`CostOfServicesEnvironmentalRemediation`	$480.43K	USD	1 Quarter
Cost of emission certificates	`CostOfServicesEnvironmentalRemediation`	$567.25K	USD	1 Quarter
Cost of emission certificates	`CostOfServicesEnvironmentalRemediation`	$950.50K	USD	2 Qtrs
Cost of emission certificates	`CostOfServicesEnvironmentalRemediation`	$1.11M	USD	2 Qtrs
Store operating expenses	`OperatingCostsAndExpenses`	$2.83M	USD	2 Qtrs
Store operating expenses	`OperatingCostsAndExpenses`	$1.38M	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$1.54M	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$3.09M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$416.72K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$757.04K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$486.36K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$881.62K	USD	2 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-9.71K	USD	2 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-4.72K	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$39.62K	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$40.62K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-98.01K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-88.58K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-228.73K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-143.36K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$13.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$628.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.52K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$760.00	USD	1 Quarter
Interest expense	`InterestExpense`	$12.24K	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.65K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.39K	USD	1 Quarter
Interest expense	`InterestExpense`	$9.21K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-11.61K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-3.89K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-7.69K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-5.38K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-154.96K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-236.42K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-103.39K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-92.47K	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	7.74M	shares	2 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	31.66M	shares	2 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	31.69M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfOutstandingSharesBasicAndDiluted`	8.51M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-154.96K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-236.42K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-103.39K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-92.47K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$142.67K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$107.83K	USD	2 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-9.71K	USD	2 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-4.72K	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$39.62K	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$40.62K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$54.84K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$25.01K	USD	2 Qtrs
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$-10.99K	USD	2 Qtrs
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$1.88K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$39.89K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$32.84K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-200.00	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.80K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$101.29K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-17.10K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-35.57K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-20.51K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$72.51K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-201.55K	USD	2 Qtrs
Proceeds from note receivable	`ProceedsFromCollectionOfNotesReceivable`	$6.00K	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$20.00K	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$28.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.96K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.01K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$26.99K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.96K	USD	2 Qtrs
Net proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$64.00K	USD	2 Qtrs
Net proceeds from line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$60.26K	USD	2 Qtrs
Payments on equipment financing obligations	`PaymentsOnEquipmentFinancingObligations`	$-9.51K	USD	2 Qtrs
Payments on equipment financing obligations	`PaymentsOnEquipmentFinancingObligations`	$-9.92K	USD	2 Qtrs
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$21.67K	USD	2 Qtrs
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$34.47K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-44.39K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$93.09K	USD	2 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-81.47K	USD	2 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.16K	USD	2 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$261.60K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$180.13K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$463.37K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$449.20K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$261.60K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$180.13K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$463.37K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$449.20K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$12.24K	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaid`	$8.95K	USD	2 Qtrs
Note receivable from disposal of assets	`NoteReceivableFromDisposalOfAssets`	$15.00K	USD	2 Qtrs

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