10-Q Filing

SPEEDEMISSIONS INC CIK: 1158419 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001214659-15-007717`
Period End Date	20150930
Filing Date	20151113
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	spmi-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 52 Cash Flow Statement 68

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$50.88K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$21.73K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$65.85K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.60K	USD	Point-in-time
Notes receivable - current portion	`AccountsNotesAndLoansReceivableNetCurrent`	$17.51K	USD	Point-in-time
Notes receivable - current portion	`AccountsNotesAndLoansReceivableNetCurrent`	$41.68K	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$11.18K	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$8.94K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$83.84K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$28.77K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$158.44K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$63.82K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$52.97K	USD	Point-in-time
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$46.24K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	111.04M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	111.04M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	108.96M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$156.45K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	108.96M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$95.64K	USD	Point-in-time
Goodwill	`Goodwill`	$390.99K	USD	Point-in-time
Goodwill	`Goodwill`	$390.99K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$70.31K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$69.60K	USD	Point-in-time
Total assets	`Assets`	$828.45K	USD	Point-in-time
Total assets	`Assets`	$667.00K	USD	Point-in-time
Line of credit	`LineOfCredit`	-	USD	Point-in-time
Line of credit	`LineOfCredit`	$7.79K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$190.96K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.07M	shares	Point-in-time
Notes payable	`NotesPayableCurrent`	$263.85K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.07M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$696.19K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$741.35K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$444.25K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$270.83K	USD	Point-in-time
Current portion - capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$25.84K	USD	Point-in-time
Current portion - capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$34.28K	USD	Point-in-time
Current portion - equipment financing obligations	`OtherLongTermDebtCurrent`	$10.29K	USD	Point-in-time
Current portion - equipment financing obligations	`OtherLongTermDebtCurrent`	-	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$6.07K	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$6.07K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.50M	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$35.40K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$45.89K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$42.88K	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`	$1.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.56M	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	`TemporaryEquityCarryingAmountAttributableToParent`	$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	`TemporaryEquityCarryingAmountAttributableToParent`	$4.58M	USD	Point-in-time
Common stock, $.001 par value, 250,000,000 shares authorized, 111,038,914 issued with 108,964,225 shares outstanding at September 30, 2015 and December 31, 2014	`CommonStockValue`	$110.97K	USD	Point-in-time
Common stock, $.001 par value, 250,000,000 shares authorized, 111,038,914 issued with 108,964,225 shares outstanding at September 30, 2015 and December 31, 2014	`CommonStockValue`	$110.97K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.26M	USD	Point-in-time
Treasury stock at cost (2,074,689 shares)	`TreasuryStockValue`	$100.00K	USD	Point-in-time
Treasury stock at cost (2,074,689 shares)	`TreasuryStockValue`	$100.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.32M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-5.47M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-5.05M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$667.00K	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$828.45K	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$846.08K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$4.68M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$1.28M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$2.47M	USD	3 Qtrs
Cost of emission certificates	`OtherCostAndExpenseOperating`	$890.11K	USD	3 Qtrs
Cost of emission certificates	`OtherCostAndExpenseOperating`	$214.60K	USD	1 Quarter
Cost of emission certificates	`OtherCostAndExpenseOperating`	$454.19K	USD	3 Qtrs
Cost of emission certificates	`OtherCostAndExpenseOperating`	$150.54K	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$835.65K	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$1.65M	USD	3 Qtrs
Store operating expenses	`OperatingCostsAndExpenses`	$533.81K	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$3.37M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$782.38K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$180.07K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$175.43K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$647.53K	USD	3 Qtrs
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$14.22K	USD	1 Quarter
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$214.95K	USD	3 Qtrs
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$-286.00	USD	3 Qtrs
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$500.00	USD	1 Quarter
Goodwill impairment expense	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Goodwill impairment expense	`GoodwillImpairmentLoss`	-	USD	3 Qtrs
Goodwill impairment expense	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Goodwill impairment expense	`GoodwillImpairmentLoss`	$365.38K	USD	3 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$-276.61K	USD	3 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$71.90K	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-17.84K	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-509.40K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.27K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$3.36K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$755.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$755.00	USD	1 Quarter
Interest expense	`InterestExpense`	$98.78K	USD	1 Quarter
Interest expense	`InterestExpense`	$214.94K	USD	3 Qtrs
Interest expense	`InterestExpense`	$43.93K	USD	1 Quarter
Interest expense	`InterestExpense`	$146.10K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-143.84K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-211.58K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-98.02K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-43.18K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.12K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-720.98K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-420.44K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-61.02K	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	108.96M	shares	3 Qtrs
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
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	108.96M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-26.12K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-720.98K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-420.44K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-61.02K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$56.65K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$217.25K	USD	3 Qtrs
Goodwill impairment expense	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Goodwill impairment expense	`GoodwillImpairmentLoss`	-	USD	3 Qtrs
Goodwill impairment expense	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Goodwill impairment expense	`GoodwillImpairmentLoss`	$365.38K	USD	3 Qtrs
Loss (gain) on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$14.22K	USD	1 Quarter
Loss (gain) on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$214.95K	USD	3 Qtrs
Loss (gain) on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$-286.00	USD	3 Qtrs
Loss (gain) on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$500.00	USD	1 Quarter
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$60.25K	USD	3 Qtrs
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$15.00K	USD	3 Qtrs
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$-2.24K	USD	3 Qtrs
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$-14.93K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-103.95K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-55.07K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.98K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-27.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$218.58K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-84.64K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-3.01K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-67.39K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-284.22K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-93.60K	USD	3 Qtrs
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$35.66K	USD	3 Qtrs
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$46.82K	USD	3 Qtrs
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$161.33K	USD	3 Qtrs
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.50K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.46K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.12K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$37.04K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$205.68K	USD	3 Qtrs
Stock issued for debt	`PaymentsOfStockIssuanceCosts`	$-197.35K	USD	3 Qtrs
Stock issued for debt	`PaymentsOfStockIssuanceCosts`	-	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$29.00K	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$804.47K	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$21.21K	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$1.03M	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$438.15K	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$192.08K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$365.25K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$69.12K	USD	3 Qtrs
Payments on equipment financing obligations	`PaymentsToAcquireEquipmentOnLease`	$8.81K	USD	3 Qtrs
Payments on equipment financing obligations	`PaymentsToAcquireEquipmentOnLease`	$10.29K	USD	3 Qtrs
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$21.56K	USD	3 Qtrs
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$26.96K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$63.55K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$43.43K	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.13K	USD	3 Qtrs
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.98K	USD	3 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.88K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.73K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$65.85K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.60K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.88K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.73K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$65.85K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.60K	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`	$146.10K	USD	3 Qtrs
Note receivable from sale of assets	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$67.50K	USD	3 Qtrs
Note receivable from sale of assets	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$2.50K	USD	3 Qtrs

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