10-K/A Filing

SPEEDEMISSIONS INC CIK: 1158419 FY 2011

Filing Information

Form Type	10-K/A
Accession Number	`0001193125-12-146413`
Period End Date	20111231
Filing Date	20120402
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	cik0001158419-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 27 Cash Flow Statement 56 Stockholders Equity 15

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$129.09K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$261.60K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$449.20K	USD	Point-in-time
Note receivable - current portion	`NotesAndLoansReceivableNetCurrent`	$21.12K	USD	Point-in-time
Note receivable - current portion	`NotesAndLoansReceivableNetCurrent`	$12.00K	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$77.40K	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$59.82K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$58.82K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$59.32K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$409.82K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$269.36K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Note receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$79.91K	USD	Point-in-time
Note 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`	34.69M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.79M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$539.67K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$728.02K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	34.69M	shares	Point-in-time
Goodwill	`Goodwill`	$2.35M	USD	Point-in-time
Goodwill	`Goodwill`	$1.24M	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`	$104.36K	USD	Point-in-time
Total assets	`Assets`	$3.68M	USD	Point-in-time
Total assets	`Assets`	$2.23M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$90.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$182.50K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$220.62K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$196.83K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$200.10K	USD	Point-in-time
Current portion - capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$44.63K	USD	Point-in-time
Current portion - capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$40.66K	USD	Point-in-time
Current portion - equipment financing obligations	`OtherLongTermDebtCurrent`	$21.78K	USD	Point-in-time
Current portion - equipment financing obligations	`OtherLongTermDebtCurrent`	$24.78K	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$14.79K	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$35.78K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$481.51K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$590.96K	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$681.00	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$41.34K	USD	Point-in-time
Equipment financing obligations, net of current portion	`OtherLongTermDebtNoncurrent`	$23.79K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$121.39K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$159.82K	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`	$775.38K	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, 34,688,166 and 22,789,288 shares issued and outstanding	`CommonStockValue`	$34.62K	USD	Point-in-time
Common stock, $.001 par value, 250,000,000 shares authorized, 34,688,166 and 22,789,288 shares issued and outstanding	`CommonStockValue`	$22.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.81M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.07M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.67M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.12M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.68M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.23M	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$9.25M	USD	Annual
Revenue	`SalesRevenueNet`	$8.32M	USD	Annual
Cost of emissions certificates	`OtherCostAndExpenseOperating`	$2.03M	USD	Annual
Cost of emissions certificates	`OtherCostAndExpenseOperating`	$1.84M	USD	Annual
Store operating expenses	`OperatingCostsAndExpenses`	$6.00M	USD	Annual
Store operating expenses	`OperatingCostsAndExpenses`	$5.56M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.41M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.58M	USD	Annual
(Gain) loss from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	$-10.51K	USD	Annual
(Gain) loss from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	$41.16K	USD	Annual
Gain from legal settlement	`GainLossRelatedToLitigationSettlement`	$106.88K	USD	Annual
Goodwill impairment expense	`GoodwillImpairmentLoss`	$1.11M	USD	Annual
Goodwill impairment expense	`GoodwillImpairmentLoss`	$1.90M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-2.16M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-1.56M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$3.29K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$2.41K	USD	Annual
Interest expense	`InterestExpense`	$21.64K	USD	Annual
Interest expense	`InterestExpense`	$17.31K	USD	Annual
Interest, net	`InterestIncomeExpenseNet`	$-14.02K	USD	Annual
Interest, net	`InterestIncomeExpenseNet`	$-19.23K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.58M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.18M	USD	Annual
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.19	USD	Annual
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	11.34M	shares	Point-in-time
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	30.99M	shares	Point-in-time

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Number of shares of Preferred B Stock converted by Barron	`ConversionOfStockSharesConverted1`	2.06M	shares	Annual
Number of shares of Preferred B Stock converted by Barron	`ConversionOfStockSharesConverted1`	215,982.00	shares	Annual
Net loss	`NetIncomeLoss`	$-1.58M	USD	Annual
Number of common shares issued upon the conversion of preferred B stock	`ConvertiblePreferredStockSharesIssuedUponConversion`	1.63M	shares	Point-in-time
Net loss	`NetIncomeLoss`	$-2.18M	USD	Annual
Number of common shares issued upon the conversion of preferred B stock	`ConvertiblePreferredStockSharesIssuedUponConversion`	15.60M	shares	Point-in-time
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$260.58K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$201.12K	USD	Annual
Goodwill impairment expense	`GoodwillImpairmentLoss`	$1.11M	USD	Annual
Goodwill impairment expense	`GoodwillImpairmentLoss`	$1.90M	USD	Annual
(Gain) loss from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	$-10.51K	USD	Annual
(Gain) loss from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	$41.16K	USD	Annual
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$4.50K	USD	Annual
Share based compensation including director stock awards	`ShareBasedCompensation`	$54.84K	USD	Annual
Share based compensation including director stock awards	`ShareBasedCompensation`	$25.28K	USD	Annual
Gain from legal settlement	`GainLossRelatedToLitigationSettlement`	$106.88K	USD	Annual
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$17.58K	USD	Annual
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$6.05K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$501.00	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$5.48K	USD	Annual
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.60K	USD	Annual
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.24K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.67K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$41.39K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-45.88K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-62.68K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-122.04K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-253.35K	USD	Annual
Proceeds from note receivable	`ProceedsFromCollectionOfNotesReceivable`	$5.24K	USD	Annual
Proceeds from note receivable	`ProceedsFromCollectionOfNotesReceivable`	$16.75K	USD	Annual
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$20.00K	USD	Annual
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$31.62K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$71.19K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.11K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-45.96K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$32.26K	USD	Annual
Proceeds from exercise of warrants into common stock	`ProceedsFromIssuanceOfWarrants`	$64.00K	USD	Annual
Net proceeds from line of credit	`ProceedsFromLinesOfCredit`	$90.00K	USD	Annual
Proceeds from promissory note	`ProceedsFromWarrantExercises`	$55.00K	USD	Annual
Payments on equipment financing obligations	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-20.11K	USD	Annual
Payments on equipment financing obligations	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-19.69K	USD	Annual
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$54.92K	USD	Annual
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$45.31K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$88.58K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.61K	USD	Annual
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-132.50K	USD	Annual
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-187.60K	USD	Annual
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$129.09K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$261.60K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$449.20K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$129.09K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$261.60K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$449.20K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$17.31K	USD	Annual
Cash paid during the period for interest	`InterestPaid`	$20.46K	USD	Annual
Note receivable from disposal of assets	`NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1`	$15.00K	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$491.59K	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.67M	USD	Point-in-time
Share based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$14.78K	USD	Annual
Director stock award	`StockIssuedDuringPeriodValueShareBasedCompensation`	$10.50K	USD	Annual
Issuance of restricted common stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$54.84K	USD	Annual
Exercise of warrants	`ExerciseOfWarrants`	$64.00K	USD	Annual
Conversion - Preferred Stock - Series B, shares	`ConvertiblePreferredStockSharesIssuedUponConversion`	1.63M	shares	Point-in-time
Conversion - Preferred Stock - Series B, shares	`ConvertiblePreferredStockSharesIssuedUponConversion`	15.60M	shares	Point-in-time
Issuance of common stock for services	`IssuanceOfCommonStockForServices`	$4.50K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.58M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.18M	USD	Annual
Balance	`StockholdersEquity`	$491.59K	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.67M	USD	Point-in-time

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