10-Q/A Filing

SPEEDEMISSIONS INC CIK: 1158419 Q3 2014

Filing Information

Form Type	10-Q/A
Accession Number	`0001214659-14-008503`
Period End Date	20140930
Filing Date	20141223
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	spmi-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 52 Cash Flow Statement 72

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$16.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$54.12K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$65.85K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$52.65K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$50.88K	USD	Point-in-time
Notes receivable - current portion	`AccountsNotesAndLoansReceivableNetCurrent`	$32.00K	USD	Point-in-time
Notes receivable - current portion	`AccountsNotesAndLoansReceivableNetCurrent`	$56.68K	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$28.60K	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$13.67K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsCurrentNet`	$10.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred financing costs	`DeferredFinanceCostsCurrentNet`	$99.96K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$140.88K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$91.45K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$222.68K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	110.54M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.32M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$367.29K	USD	Point-in-time
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$61.95K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.32M	shares	Point-in-time
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$55.22K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	110.54M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$398.90K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$241.64K	USD	Point-in-time
Goodwill	`Goodwill`	$1.81M	USD	Point-in-time
Goodwill	`Goodwill`	$1.44M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$82.14K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$111.40K	USD	Point-in-time
Total assets	`Assets`	$2.05M	USD	Point-in-time
Total assets	`Assets`	$2.75M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$939.25K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$722.00K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$712.86K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$60.00K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$237.48K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$810.51K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$768.49K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$519.96K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$562.61K	USD	Point-in-time
Current portion - capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$25.86K	USD	Point-in-time
Current portion - capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$25.84K	USD	Point-in-time
Current portion - equipment financing obligations	`OtherLongTermDebtCurrent`	$15.14K	USD	Point-in-time
Current portion - equipment financing obligations	`OtherLongTermDebtCurrent`	$13.15K	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$15.82K	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$15.82K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.30M	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$65.19K	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$43.65K	USD	Point-in-time
Equipment financing obligations, net of current portion	`OtherLongTermDebtNoncurrent`	$10.79K	USD	Point-in-time
Equipment financing obligations, net of current portion	`OtherLongTermDebtNoncurrent`	-	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$7.81K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$98.73K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$14.71K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$14.71K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.36M	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, 110,538,914 and 39,315,855 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$110.47K	USD	Point-in-time
Common stock, $.001 par value, 250,000,000 shares authorized, 110,538,914 and 39,315,855 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$39.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.26M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-20.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.27M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-4.45M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-4.90M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.05M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.75M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$1.81M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$5.47M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$4.68M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$1.28M	USD	1 Quarter
Cost of emission certificates	`OtherCostAndExpenseOperating`	$371.37K	USD	1 Quarter
Cost of emission certificates	`OtherCostAndExpenseOperating`	$214.60K	USD	1 Quarter
Cost of emission certificates	`OtherCostAndExpenseOperating`	$890.11K	USD	3 Qtrs
Cost of emission certificates	`OtherCostAndExpenseOperating`	$1.15M	USD	3 Qtrs
Store operating expenses	`OperatingCostsAndExpenses`	$3.37M	USD	3 Qtrs
Store operating expenses	`OperatingCostsAndExpenses`	$1.24M	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$3.83M	USD	3 Qtrs
Store operating expenses	`OperatingCostsAndExpenses`	$835.65K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$175.43K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$782.38K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$251.78K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$843.24K	USD	3 Qtrs
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$14.22K	USD	1 Quarter
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$4.94K	USD	1 Quarter
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$214.95K	USD	3 Qtrs
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$77.21K	USD	3 Qtrs
Goodwill impairment expense	`GoodwillImpairmentLoss`	$365.38K	USD	3 Qtrs
Goodwill impairment expense	`GoodwillImpairmentLoss`	-	USD	3 Qtrs
Goodwill impairment expense	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Goodwill impairment expense	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-280.52K	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$71.90K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-52.71K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-509.40K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$3.36K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.50K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$755.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.52K	USD	3 Qtrs
Interest expense	`InterestExpense`	$23.28K	USD	1 Quarter
Interest expense	`InterestExpense`	$214.94K	USD	3 Qtrs
Interest expense	`InterestExpense`	$179.75K	USD	3 Qtrs
Interest expense	`InterestExpense`	$98.78K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-98.02K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-176.23K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-21.77K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-211.58K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-74.49K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-456.75K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-720.98K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-26.12K	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
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`	34.82M	shares	3 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	35.08M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	77.60M	shares	3 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	105.17M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-74.49K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-456.75K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-720.98K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-26.12K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$217.25K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$234.18K	USD	3 Qtrs
Goodwill impairment expense	`GoodwillImpairmentLoss`	$365.38K	USD	3 Qtrs
Goodwill impairment expense	`GoodwillImpairmentLoss`	-	USD	3 Qtrs
Goodwill impairment expense	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Goodwill impairment expense	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$14.22K	USD	1 Quarter
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$4.94K	USD	1 Quarter
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$214.95K	USD	3 Qtrs
Gain on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$77.21K	USD	3 Qtrs
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-60.25K	USD	3 Qtrs
Stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-8.75K	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$15.00K	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$4.88K	USD	3 Qtrs
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$-27.38K	USD	3 Qtrs
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$-14.93K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$58.59K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-103.95K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-12.13K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-27.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-84.64K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$389.47K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$27.93K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-67.39K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$112.17K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-284.22K	USD	3 Qtrs
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$46.82K	USD	3 Qtrs
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$34.00K	USD	3 Qtrs
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$69.59K	USD	3 Qtrs
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$161.33K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.46K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.34K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$70.25K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$205.68K	USD	3 Qtrs
Net proceeds from warrant exercise	`ProceedsFromWarrantExercises`	-	USD	3 Qtrs
Net proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$1.80K	USD	3 Qtrs
Stock issued for debt	`PaymentsOfStockIssuanceCosts`	-	USD	3 Qtrs
Stock issued for debt	`PaymentsOfStockIssuanceCosts`	$-197.35K	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$804.47K	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$2.20M	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$1.03M	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$2.36M	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$192.08K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$69.12K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Payments on equipment financing obligations	`PaymentsToAcquireEquipmentOnLease`	$2.28K	USD	3 Qtrs
Payments on equipment financing obligations	`PaymentsToAcquireEquipmentOnLease`	$8.81K	USD	3 Qtrs
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$21.08K	USD	3 Qtrs
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$21.56K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-183.88K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$63.55K	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.47K	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.98K	USD	3 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.00K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.12K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$65.85K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$52.65K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.88K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.12K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$65.85K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$52.65K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.88K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$214.94K	USD	3 Qtrs
Cash paid during the period for interest	`InterestPaid`	$79.89K	USD	3 Qtrs
Note receivable from sale of assets	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$60.00K	USD	3 Qtrs
Note receivable from sale of assets	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$67.50K	USD	3 Qtrs

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