10-Q Filing

SPEEDEMISSIONS INC CIK: 1158419 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001214659-13-004583`
Period End Date	20130630
Filing Date	20130813
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	spmi-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 48 Cash Flow Statement 56

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$70.61K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$129.09K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$54.12K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$41.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$189.59K	USD	Point-in-time
Notes receivable - current portion	`AccountsNotesAndLoansReceivableNetCurrent`	$62.00K	USD	Point-in-time
Notes receivable - current portion	`AccountsNotesAndLoansReceivableNetCurrent`	$12.00K	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$37.64K	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$56.53K	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsCurrentNet`	-	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$125.43K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$295.68K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$318.71K	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
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$66.44K	USD	Point-in-time
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$70.93K	USD	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$414.45K	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`	$106.12K	USD	Point-in-time
Total assets	`Assets`	$2.50M	USD	Point-in-time
Total assets	`Assets`	$2.64M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$720.00K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$743.60K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$58.18K	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`	$750.55K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$306.81K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$282.58K	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`	$1.86M	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$78.83K	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$92.25K	USD	Point-in-time
Equipment financing obligations, net of current portion	`OtherLongTermDebtNoncurrent`	$4.11K	USD	Point-in-time
Equipment financing obligations, net of current portion	`OtherLongTermDebtNoncurrent`	$2.64K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$131.90K	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`	$2.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.84M	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 June 30, 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 June 30, 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`	$-20.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.73M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-3.78M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-4.16M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.64M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.50M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$3.91M	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$1.77M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$1.99M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$3.66M	USD	2 Qtrs
Cost of emission certificates	`OtherCostAndExpenseOperating`	$869.50K	USD	2 Qtrs
Cost of emission certificates	`OtherCostAndExpenseOperating`	$357.66K	USD	1 Quarter
Cost of emission certificates	`OtherCostAndExpenseOperating`	$780.60K	USD	2 Qtrs
Cost of emission certificates	`OtherCostAndExpenseOperating`	$443.75K	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$1.23M	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$2.59M	USD	2 Qtrs
Store operating expenses	`OperatingCostsAndExpenses`	$1.28M	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$2.59M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$632.05K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$591.46K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$333.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$299.96K	USD	1 Quarter
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$72.27K	USD	1 Quarter
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$2.46K	USD	2 Qtrs
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$72.27K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-227.80K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-44.17K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-71.67K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-185.55K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.01K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.51K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$755.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.25K	USD	1 Quarter
Interest expense	`InterestExpense`	$156.47K	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.05K	USD	1 Quarter
Interest expense	`InterestExpense`	$68.57K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.71K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-154.46K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-7.20K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-67.32K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-4.30K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-382.26K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-75.97K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-192.75K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-111.49K	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.69M	shares	2 Qtrs
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
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.69M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-382.26K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-75.97K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-192.75K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-111.49K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$190.78K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$91.28K	USD	2 Qtrs
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$72.27K	USD	1 Quarter
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$2.46K	USD	2 Qtrs
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$72.27K	USD	2 Qtrs
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$-18.89K	USD	2 Qtrs
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$3.82K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$55.17K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$29.23K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.66K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.97K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$258.57K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.20K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$22.65K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.80K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-176.69K	USD	2 Qtrs
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$13.62K	USD	2 Qtrs
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$16.00K	USD	2 Qtrs
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$50.00K	USD	2 Qtrs
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.10K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.84K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.07K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$46.16K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$13.64K	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$1.61M	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$355.00K	USD	2 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$1.63M	USD	2 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$95.00K	USD	2 Qtrs
Payments on equipment financing obligations	`PaymentsToAcquireEquipmentOnLease`	$12.13K	USD	2 Qtrs
Payments on equipment financing obligations	`PaymentsToAcquireEquipmentOnLease`	$1.47K	USD	2 Qtrs
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$24.33K	USD	2 Qtrs
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$14.40K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-39.47K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$223.54K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$16.49K	USD	2 Qtrs
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$60.49K	USD	2 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$70.61K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$129.09K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.12K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.00K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$189.59K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$70.61K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$129.09K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.12K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$41.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$189.59K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$8.47K	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaid`	$56.61K	USD	2 Qtrs
Note receivable from sale of assets	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	2 Qtrs
Note receivable from sale of assets	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$60.00K	USD	2 Qtrs

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