10-Q Filing

SPEEDEMISSIONS INC CIK: 1158419 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001214659-12-005003`
Period End Date	20120930
Filing Date	20121113
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	spmi-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 48 Cash Flow Statement 60

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$133.69K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$87.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$261.60K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$129.09K	USD	Point-in-time
Note receivable - current portion	`AccountsNotesAndLoansReceivableNetCurrent`	$21.12K	USD	Point-in-time
Note receivable - current portion	`AccountsNotesAndLoansReceivableNetCurrent`	$12.00K	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$59.82K	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$62.31K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$120.88K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$59.32K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$328.88K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$269.36K	USD	Point-in-time
Note receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$79.91K	USD	Point-in-time
Note receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$73.18K	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
Property and equipment, at cost less accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$408.56K	USD	Point-in-time
Property and equipment, at cost less accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$539.67K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	34.69M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	34.69M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	34.69M	shares	Point-in-time
Goodwill	`Goodwill`	$1.24M	USD	Point-in-time
Goodwill	`Goodwill`	$1.24M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	34.69M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$104.36K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$104.36K	USD	Point-in-time
Total assets	`Assets`	$2.16M	USD	Point-in-time
Total assets	`Assets`	$2.23M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$274.82K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$90.00K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$282.96K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$55.00K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$55.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$220.62K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$244.60K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$236.66K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$200.10K	USD	Point-in-time
Current portion of capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$6.49K	USD	Point-in-time
Current portion of capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$40.66K	USD	Point-in-time
Current portion of equipment financing obligations	`OtherLongTermDebtCurrent`	$24.78K	USD	Point-in-time
Current portion of equipment financing obligations	`OtherLongTermDebtCurrent`	$6.25K	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$14.79K	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$14.79K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$645.96K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$846.76K	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$681.00	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$121.39K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$124.66K	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`	$775.38K	USD	Point-in-time
Total liabilities	`Liabilities`	$978.77K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A convertible, redeemable preferred stock, $.001 par value, 5,000,000 shares authorized, 5,133 shares issued and outstanding; liquidation preference: $5,133,000	`PreferredStockValue`	$4.58M	USD	Point-in-time
Series A convertible, redeemable preferred stock, $.001 par value, 5,000,000 shares authorized, 5,133 shares issued and outstanding; liquidation preference: $5,133,000	`PreferredStockValue`	$4.58M	USD	Point-in-time
Common stock, $.001 par value, 250,000,000 shares authorized, 34,688,166 shares issued and outstanding at September 30, 2012 and December 31, 2011	`CommonStockValue`	$34.62K	USD	Point-in-time
Common stock, $.001 par value, 250,000,000 shares authorized, 34,688,166 shares issued and outstanding at September 30, 2012 and December 31, 2011	`CommonStockValue`	$34.62K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$15.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.07M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-3.40M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-3.12M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.16M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.23M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$2.16M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$6.43M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$2.05M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$5.96M	USD	3 Qtrs
Cost of emission certificates	`OtherCostAndExpenseOperating`	$1.42M	USD	3 Qtrs
Cost of emission certificates	`OtherCostAndExpenseOperating`	$1.32M	USD	3 Qtrs
Cost of emission certificates	`OtherCostAndExpenseOperating`	$469.76K	USD	1 Quarter
Cost of emission certificates	`OtherCostAndExpenseOperating`	$452.38K	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$1.37M	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$3.90M	USD	3 Qtrs
Store operating expenses	`OperatingCostsAndExpenses`	$4.19M	USD	3 Qtrs
Store operating expenses	`OperatingCostsAndExpenses`	$1.31M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$365.39K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$334.82K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.09M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$997.43K	USD	3 Qtrs
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$2.66K	USD	1 Quarter
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$43.28K	USD	3 Qtrs
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$2.46K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-5.53K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-80.56K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-234.26K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-266.11K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$760.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$756.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.28K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.27K	USD	3 Qtrs
Interest expense	`InterestExpense`	$17.88K	USD	3 Qtrs
Interest expense	`InterestExpense`	$13.57K	USD	3 Qtrs
Interest expense	`InterestExpense`	$4.37K	USD	1 Quarter
Interest expense	`InterestExpense`	$9.17K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-11.29K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-15.62K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-3.61K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-8.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-245.55K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-9.13K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-88.97K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-281.72K	USD	3 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	$29.81M	USD	3 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	$34.69M	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	$34.69M	USD	3 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	$33.76M	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-245.55K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-9.13K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-88.97K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-281.72K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$136.67K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$155.18K	USD	3 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets`	$2.66K	USD	1 Quarter
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets`	$43.28K	USD	3 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets`	$2.46K	USD	3 Qtrs
Stock issued for services	`ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects`	-	USD	3 Qtrs
Stock issued for services	`ShareBasedGoodsAndNonemployeeServicesTransactionCashFlowEffects`	$3.00K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$54.84K	USD	3 Qtrs
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$2.49K	USD	3 Qtrs
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$-8.78K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$61.56K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$24.28K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-200.00	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-45.73K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$60.54K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-54.55K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$3.27K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-147.75K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-191.40K	USD	3 Qtrs
Proceeds from note receivable	`ProceedsFromCollectionOfNotesReceivable`	$15.86K	USD	3 Qtrs
Proceeds from note receivable	`ProceedsFromCollectionOfNotesReceivable`	$12.13K	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$31.62K	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.10K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.20K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.94K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$12.76K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$32.81K	USD	3 Qtrs
Net proceeds from warrant exercise	`ProceedsFromWarrantExercises`	-	USD	3 Qtrs
Net proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$64.00K	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$545.28K	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$622.97K	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$430.00K	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$485.00K	USD	3 Qtrs
Payments on equipment financing obligations	`PaymentsForEquipmentFinancingObligations`	$18.53K	USD	3 Qtrs
Payments on equipment financing obligations	`PaymentsForEquipmentFinancingObligations`	$15.04K	USD	3 Qtrs
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$34.85K	USD	3 Qtrs
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$32.98K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$139.59K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$76.25K	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-82.34K	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.59K	USD	3 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$133.69K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.00K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$261.60K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$129.09K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$133.69K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$87.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$261.60K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$129.09K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$17.64K	USD	3 Qtrs
Cash paid during the period for interest	`InterestPaid`	$13.75K	USD	3 Qtrs
Note receivable from sale of assets	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$15.00K	USD	3 Qtrs
Note receivable from sale of assets	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	3 Qtrs

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