10-Q Filing

SPEEDEMISSIONS INC CIK: 1158419 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001214659-16-014530`
Period End Date	20160930
Filing Date	20161110
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	spmi-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 48 Cash Flow Statement 59

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.60K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$21.73K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$61.57K	USD	Point-in-time
Notes receivable - current portion	`AccountsNotesAndLoansReceivableNetCurrent`	$56.20K	USD	Point-in-time
Notes receivable - current portion	`AccountsNotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$9.44K	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$9.48K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$59.29K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$34.30K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$99.97K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$130.29K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$92.93K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	111.99M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	111.99M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$49.93K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	109.91M	shares	Point-in-time
Goodwill	`Goodwill`	$390.99K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	109.91M	shares	Point-in-time
Goodwill	`Goodwill`	$390.99K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$35.41K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$34.99K	USD	Point-in-time
Total assets	`Assets`	$618.88K	USD	Point-in-time
Total assets	`Assets`	$606.61K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$25.74K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$26.59K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$407.47K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.07M	shares	Point-in-time
Notes payable	`NotesPayableCurrent`	$227.44K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.07M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$744.83K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$691.57K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$501.33K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$472.60K	USD	Point-in-time
Current portion - capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$27.33K	USD	Point-in-time
Current portion - capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$3.16K	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$2.36K	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$2.36K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.53M	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$10.69K	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$8.28K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$36.59K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$34.09K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.57M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.65M	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, 111,988,914 issued, with 109,914,225 shares outstanding at September 30, 2016 and December 31, 2015	`CommonStockValue`	$111.92K	USD	Point-in-time
Common stock, $.001 par value, 250,000,000 shares authorized, 111,988,914 issued, with 109,914,225 shares outstanding at September 30, 2016 and December 31, 2015	`CommonStockValue`	$111.92K	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`	$-21.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.81M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-5.54M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-5.62M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$618.88K	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$606.61K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$2.63M	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$846.08K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$900.64K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$2.47M	USD	3 Qtrs
Cost of emission certificates	`OtherCostAndExpenseOperating`	$159.36K	USD	1 Quarter
Cost of emission certificates	`OtherCostAndExpenseOperating`	$454.19K	USD	3 Qtrs
Cost of emission certificates	`OtherCostAndExpenseOperating`	$150.54K	USD	1 Quarter
Cost of emission certificates	`OtherCostAndExpenseOperating`	$468.89K	USD	3 Qtrs
Store operating expenses	`OperatingCostsAndExpenses`	$533.81K	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$1.65M	USD	3 Qtrs
Store operating expenses	`OperatingCostsAndExpenses`	$526.68K	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$1.56M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$647.53K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$180.07K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$509.81K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$179.18K	USD	1 Quarter
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$862.00	USD	3 Qtrs
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$500.00	USD	1 Quarter
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$-286.00	USD	3 Qtrs
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-17.84K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$87.14K	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-276.61K	USD	3 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$35.41K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.01K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.27K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$755.00	USD	1 Quarter
Interest expense	`InterestExpense`	$66.49K	USD	1 Quarter
Interest expense	`InterestExpense`	$146.10K	USD	3 Qtrs
Interest expense	`InterestExpense`	$173.51K	USD	3 Qtrs
Interest expense	`InterestExpense`	$43.93K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-66.49K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-172.50K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-43.18K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-143.84K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-85.36K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-420.44K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-61.02K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.07K	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
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`	109.91M	shares	3 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	108.96M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	109.91M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-85.36K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-420.44K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-61.02K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.01K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$56.65K	USD	3 Qtrs
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$862.00	USD	3 Qtrs
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$500.00	USD	1 Quarter
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	$-286.00	USD	3 Qtrs
(Gain) loss on sale of non-strategic assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$-2.24K	USD	3 Qtrs
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$-40.00	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$24.99K	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-55.07K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.98K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.43K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$218.58K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-82.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-3.01K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.50K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-149.10K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-93.60K	USD	3 Qtrs
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$51.21K	USD	3 Qtrs
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$47.00K	USD	Point-in-time
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$35.66K	USD	3 Qtrs
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.50K	USD	3 Qtrs
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.86K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.12K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$58.07K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$37.04K	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$29.00K	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$27.59K	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$28.45K	USD	3 Qtrs
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$21.21K	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$462.65K	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$438.15K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$282.63K	USD	3 Qtrs
Payments on notes payable	`RepaymentsOfNotesPayable`	$365.25K	USD	3 Qtrs
Payments on equipment financing obligations	`PaymentsOnEquipmentFinancingObligations`	$10.29K	USD	3 Qtrs
Payments on equipment financing obligations	`PaymentsOnEquipmentFinancingObligations`	-	USD	3 Qtrs
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$26.96K	USD	3 Qtrs
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$26.58K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$43.43K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$152.59K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$61.57K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.13K	USD	3 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.60K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.73K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$61.57K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.60K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.73K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$61.57K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$173.51K	USD	3 Qtrs
Cash paid during the period for interest	`InterestPaid`	$146.10K	USD	3 Qtrs
Note receivable from sale of assets	`NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1`	$2.50K	USD	3 Qtrs
Note receivable from sale of assets	`NoncashOrPartNoncashAcquisitionAccountsReceivableAcquired1`	-	USD	3 Qtrs

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