10-Q Filing

SPEEDEMISSIONS INC CIK: 1158419 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001214659-13-002700`
Period End Date	20130331
Filing Date	20130514
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	spmi-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 26 Cash Flow Statement 51

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$129.09K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$34.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$80.24K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$54.12K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$122.19K	USD	Point-in-time
Notes receivable ? current portion	`AccountsNotesAndLoansReceivableNetCurrent`	$12.00K	USD	Point-in-time
Notes receivable ? current portion	`AccountsNotesAndLoansReceivableNetCurrent`	$12.00K	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$56.53K	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$42.15K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsCurrentNet`	$99.86K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsCurrentNet`	$39.94K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$96.20K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$111.18K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$318.71K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	34.69M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$285.51K	USD	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	34.69M	shares	Point-in-time
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$68.69K	USD	Point-in-time
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$70.93K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$481.84K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$523.26K	USD	Point-in-time
Goodwill	`Goodwill`	$1.62M	USD	Point-in-time
Goodwill	`Goodwill`	$1.62M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$110.30K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$104.89K	USD	Point-in-time
Total assets	`Assets`	$2.56M	USD	Point-in-time
Total assets	`Assets`	$2.64M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$743.60K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$698.09K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$56.93K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$55.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$467.75K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$620.05K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$306.81K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$380.91K	USD	Point-in-time
Current portion - capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$26.84K	USD	Point-in-time
Current portion - capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$25.86K	USD	Point-in-time
Current portion - equipment financing obligations	`OtherLongTermDebtCurrent`	$3.14K	USD	Point-in-time
Current portion - equipment financing obligations	`OtherLongTermDebtCurrent`	$3.14K	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$16.68K	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$16.68K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.80M	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$92.25K	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$86.12K	USD	Point-in-time
Equipment financing obligations, net of current portion	`OtherLongTermDebtNoncurrent`	$3.40K	USD	Point-in-time
Equipment financing obligations, net of current portion	`OtherLongTermDebtNoncurrent`	$4.11K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$125.94K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$112.43K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$12.41K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$12.41K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.03M	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 March 31, 2013 and December 31, 2012	`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 March 31, 2013 and December 31, 2012	`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`	$-19.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.00M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-4.05M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-3.78M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.64M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.56M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$1.92M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$7.75M	USD	Annual
Revenue	`SalesRevenueNet`	$1.89M	USD	1 Quarter
Cost of emission certificates	`OtherCostAndExpenseOperating`	$422.94K	USD	1 Quarter
Cost of emission certificates	`OtherCostAndExpenseOperating`	$425.75K	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$1.31M	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$1.36M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$291.50K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$299.04K	USD	1 Quarter
Gain from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	$2.46K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-113.88K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-183.63K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$755.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$755.00	USD	1 Quarter
Interest expense	`InterestExpense`	$87.90K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.66K	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNet`	$-2.90K	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNet`	$-87.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-270.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-656.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-116.78K	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.69M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.69M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-270.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-656.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-116.78K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$45.89K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$108.68K	USD	1 Quarter
Gain from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	$2.46K	USD	1 Quarter
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$10.99K	USD	1 Quarter
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$-14.39K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$14.98K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$12.80K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.40K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$88.31K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$228.33K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$13.50K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$400.00	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.44K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$84.55K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.34K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from note receivable	`ProceedsFromCollectionOfNotesReceivable`	$2.25K	USD	1 Quarter
Proceeds from note receivable	`ProceedsFromCollectionOfNotesReceivable`	$11.37K	USD	1 Quarter
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.10K	USD	1 Quarter
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$14.47K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.09K	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$5.00K	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$816.18K	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$861.70K	USD	1 Quarter
Payments on equipment financing obligations	`PaymentsToAcquireEquipmentOnLease`	$5.95K	USD	1 Quarter
Payments on equipment financing obligations	`PaymentsToAcquireEquipmentOnLease`	$709.00	USD	1 Quarter
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$11.99K	USD	1 Quarter
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$7.11K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-53.34K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.94K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$26.12K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.91K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$129.09K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.00K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$80.24K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.12K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$122.19K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$129.09K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$80.24K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.12K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$122.19K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$87.90K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	$3.19K	USD	1 Quarter

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