10-Q Filing

SPEEDEMISSIONS INC CIK: 1158419 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-310828`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	cik0001158419-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 57 Cash Flow Statement 55

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$261.60K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$179.26K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$449.20K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$323.39K	USD	Point-in-time
Notes receivable - current portion	`NotesAndLoansReceivableNetCurrent`	$12.00K	USD	Point-in-time
Notes receivable - current portion	`NotesAndLoansReceivableNetCurrent`	$19.50K	USD	Point-in-time
Certificate and merchandise inventory	`CertificateAndMerchandiseInventory`	$77.40K	USD	Point-in-time
Certificate and merchandise inventory	`CertificateAndMerchandiseInventory`	$68.62K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$83.10K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$58.82K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$409.82K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$350.49K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$87.53K	USD	Point-in-time
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$89.64K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.79M	shares	Point-in-time
Property and equipment, at cost less accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$728.02K	USD	Point-in-time
Property and equipment, at cost less accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$580.43K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	33.90M	shares	Point-in-time
Goodwill	`Goodwill`	$2.35M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	33.90M	shares	Point-in-time
Goodwill	`Goodwill`	$2.35M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.79M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$105.60K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$105.40K	USD	Point-in-time
Total assets	`Assets`	$3.68M	USD	Point-in-time
Total assets	`Assets`	$3.47M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$60.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$143.01K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$182.50K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$196.83K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$190.58K	USD	Point-in-time
Current portion of capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$44.63K	USD	Point-in-time
Current portion of capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$48.68K	USD	Point-in-time
Current portion of equipment financing obligations	`EquipmentFinancingObligationsCurrent`	$21.78K	USD	Point-in-time
Current portion of equipment financing obligations	`EquipmentFinancingObligationsCurrent`	$24.27K	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`	$502.60K	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`	$4.31K	USD	Point-in-time
Equipment financing obligations, net of current portion	`EquipmentFinancingObligationsNetNoncurrent`	$6.25K	USD	Point-in-time
Equipment financing obligations, net of current portion	`EquipmentFinancingObligationsNetNoncurrent`	$23.79K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$159.82K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$107.78K	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`	$683.30K	USD	Point-in-time
Total liabilities	`Liabilities`	$768.81K	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, 33,904,466 and 22,789,288 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$22.79K	USD	Point-in-time
Common stock, $.001 par value, 250,000,000 shares authorized, 33,904,466 and 22,789,288 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$33.83K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$15.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$15.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.74M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.79M	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`	$3.47M	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$6.43M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$2.16M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$7.26M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$2.31M	USD	1 Quarter
Cost of emission certificates	`CostOfServicesEnvironmentalRemediation`	$498.60K	USD	1 Quarter
Cost of emission certificates	`CostOfServicesEnvironmentalRemediation`	$1.61M	USD	3 Qtrs
Cost of emission certificates	`CostOfServicesEnvironmentalRemediation`	$1.42M	USD	3 Qtrs
Cost of emission certificates	`CostOfServicesEnvironmentalRemediation`	$469.76K	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$1.37M	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$4.19M	USD	3 Qtrs
Store operating expenses	`OperatingCostsAndExpenses`	$1.49M	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$4.58M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.09M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$334.82K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.26M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$380.30K	USD	1 Quarter
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$43.28K	USD	3 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-9.71K	USD	3 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$2.66K	USD	1 Quarter
Gain from settlement of lawsuit	`GainLossRelatedToLitigationSettlement`	$106.88K	USD	3 Qtrs
Gain from settlement of lawsuit	`GainLossRelatedToLitigationSettlement`	$106.88K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-88.59K	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-5.53K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-234.26K	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$54.76K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$760.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.28K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.27K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.90K	USD	3 Qtrs
Interest expense	`InterestExpense`	$13.57K	USD	3 Qtrs
Interest expense	`InterestExpense`	$4.37K	USD	1 Quarter
Interest expense	`InterestExpense`	$17.17K	USD	3 Qtrs
Interest expense	`InterestExpense`	$4.94K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-15.27K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-11.29K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-3.67K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-3.61K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-245.55K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-103.87K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-9.13K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$51.09K	USD	1 Quarter
Basic net income (loss) per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic net income (loss) per share	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Basic net income (loss) per share	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Basic net income (loss) per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted net income (loss) per share	`EarningsPerShareDiluted`	$-0.01	USD	3 Qtrs
Diluted net income (loss) per share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted net income (loss) per share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted net income (loss) per share	`EarningsPerShareDiluted`	$-0.01	USD	3 Qtrs
Weighted average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.57M	shares	3 Qtrs
Weighted average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.18M	shares	1 Quarter
Weighted average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	29.81M	shares	3 Qtrs
Weighted average common shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.76M	shares	1 Quarter
Weighted average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.57M	shares	3 Qtrs
Weighted average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.46M	shares	1 Quarter
Weighted average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.76M	shares	1 Quarter
Weighted average common shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.81M	shares	3 Qtrs

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-245.55K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-103.87K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-9.13K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$51.09K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$155.18K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$206.09K	USD	3 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$43.28K	USD	3 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-9.71K	USD	3 Qtrs
(Gain) loss on disposal of assets	`GainLossOnDispositionOfAssets`	$2.66K	USD	1 Quarter
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$3.00K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$25.20K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$54.84K	USD	3 Qtrs
Gain from settlement of lawsuit	`GainLossRelatedToLitigationSettlement`	$106.88K	USD	3 Qtrs
Gain from settlement of lawsuit	`GainLossRelatedToLitigationSettlement`	$106.88K	USD	1 Quarter
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$18.63K	USD	3 Qtrs
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$-8.78K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$42.48K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$24.28K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-200.00	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.80K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$33.60K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-45.73K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-30.78K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-54.55K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-191.40K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-29.85K	USD	3 Qtrs
Proceeds from note receivable	`ProceedsFromCollectionOfNotesReceivable`	$3.74K	USD	3 Qtrs
Proceeds from note receivable	`ProceedsFromCollectionOfNotesReceivable`	$12.13K	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$20.00K	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$31.62K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$60.45K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.94K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.71K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$32.81K	USD	3 Qtrs
Net proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$64.00K	USD	3 Qtrs
Net proceeds from line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$60.28K	USD	3 Qtrs
Payments on equipment financing obligations	`PaymentsOnEquipmentFinancingObligations`	$-14.72K	USD	3 Qtrs
Payments on equipment financing obligations	`PaymentsOnEquipmentFinancingObligations`	$-15.04K	USD	3 Qtrs
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$32.98K	USD	3 Qtrs
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$44.55K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-59.26K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$76.25K	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-125.82K	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-82.34K	USD	3 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$261.60K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$179.26K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$449.20K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$323.39K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$261.60K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$179.26K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$449.20K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$323.39K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$16.51K	USD	3 Qtrs
Cash paid during the period for interest	`InterestPaid`	$13.57K	USD	3 Qtrs
Note receivable from disposal of assets	`NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1`	$15.00K	USD	3 Qtrs

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