10-K Filing

SPEEDEMISSIONS INC CIK: 1158419 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001214659-17-002254`
Period End Date	20161231
Filing Date	20170331
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	spmi-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 24 Cash Flow Statement 58 Stockholders Equity 16

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$21.73K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$53.01K	USD	Point-in-time
Note receivable - current portion	`AccountsNotesAndLoansReceivableNetCurrent`	-	USD	Point-in-time
Note receivable - current portion	`AccountsNotesAndLoansReceivableNetCurrent`	$56.20K	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$9.12K	USD	Point-in-time
Certificate and merchandise inventory	`OtherInventory`	$9.48K	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
Other current assets	`OtherAssetsCurrent`	$49.93K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$34.30K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$99.97K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$112.06K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$48.74K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	120.44M	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 outstanding	`CommonStockSharesOutstanding`	118.36M	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`	$34.99K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$35.66K	USD	Point-in-time
Total assets	`Assets`	$618.88K	USD	Point-in-time
Total assets	`Assets`	$587.45K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$26.37K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$26.59K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$449.44K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.07M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.07M	shares	Point-in-time
Notes payable	`NotesPayableCurrent`	$227.44K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$744.83K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$678.32K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$501.33K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$551.38K	USD	Point-in-time
Current portion - capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$27.33K	USD	Point-in-time
Current portion - capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$3.28K	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$2.82K	USD	Point-in-time
Current portion - deferred rent	`DeferredRentCreditCurrent`	$2.36K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.53M	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$7.41K	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$10.69K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$34.09K	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$36.50K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.57M	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, 120,438,914 issued with 118,364,225 shares outstanding at December 31, 2016 and 111,988,914 issued with 109,914,225 outstanding at December 31, 2015	`CommonStockValue`	$111.92K	USD	Point-in-time
Common stock, $.001 par value, 250,000,000 shares authorized, 120,438,914 issued with 118,364,225 shares outstanding at December 31, 2016 and 111,988,914 issued with 109,914,225 outstanding at December 31, 2015	`CommonStockValue`	$120.37K	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`	$-22.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.81M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-5.05M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-5.54M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-5.75M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$587.45K	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$618.88K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$3.44M	USD	Annual
Revenue	`SalesRevenueNet`	$3.27M	USD	Annual
Cost of emissions certificates	`OtherCostAndExpenseOperating`	$596.03K	USD	Annual
Cost of emissions certificates	`OtherCostAndExpenseOperating`	$612.31K	USD	Annual
Store operating expenses	`OperatingCostsAndExpenses`	$2.17M	USD	Annual
Store operating expenses	`OperatingCostsAndExpenses`	$2.09M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$783.21K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$723.48K	USD	Annual
Loss (gain) from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	$2.52K	USD	Annual
Loss (gain) from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	$-286.00	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$14.77K	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$-282.28K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$3.02K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$1.01K	USD	Annual
Interest expense	`InterestExpense`	$236.51K	USD	Annual
Interest expense	`InterestExpense`	$209.73K	USD	Annual
Interest, net	`InterestIncomeExpenseNet`	$-206.71K	USD	Annual
Interest, net	`InterestIncomeExpenseNet`	$-235.50K	USD	Annual
Net loss	`NetIncomeLoss`	$-488.99K	USD	Annual
Net loss	`NetIncomeLoss`	$-220.73K	USD	Annual
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	110.61M	shares	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	109.09M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-488.99K	USD	Annual
Net loss	`NetIncomeLoss`	$-220.73K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$73.31K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$51.92K	USD	Annual
(Gain) loss from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	$2.52K	USD	Annual
(Gain) loss from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	$-286.00	USD	Annual
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$950.00	USD	Annual
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$5.25K	USD	Annual
Share based compensation including director stock awards	`ShareBasedCompensation`	$3.20K	USD	Annual
Share based compensation including director stock awards	`ShareBasedCompensation`	-	USD	Annual
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$-1.71K	USD	Annual
Certificate and merchandise inventory	`IncreaseDecreaseInCertificateAndMerchandiseInventory`	$-358.00	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-49.55K	USD	Annual
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$15.64K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-31.59K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.68K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-16.47K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$279.13K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.87K	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-30.21K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-193.43K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-82.68K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.07K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.73K	USD	Annual
Proceeds from note receivable	`ProceedsFromCollectionOfNotesReceivable`	$57.21K	USD	Annual
Proceeds from note receivable	`ProceedsFromCollectionOfNotesReceivable`	$43.97K	USD	Annual
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.50K	USD	Annual
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.52K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$31.39K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$51.99K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$57.00K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$46.89K	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$47.12K	USD	Annual
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$30.41K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$503.05K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$601.50K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$466.56K	USD	Annual
Payments on notes payable	`RepaymentsOfNotesPayable`	$379.51K	USD	Annual
Payments on equipment financing obligations	`PaymentsOnEquipmentFinancingObligations`	-	USD	Annual
Payments on equipment financing obligations	`PaymentsOnEquipmentFinancingObligations`	$10.29K	USD	Annual
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$23.23K	USD	Annual
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$27.33K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$194.44K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$29.56K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.73K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$53.01K	USD	Annual
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$21.73K	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$53.01K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$21.73K	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at end of year	`CashAndCashEquivalentsAtCarryingValue`	$53.01K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$236.51K	USD	Annual
Cash paid during the period for interest	`InterestPaid`	$209.73K	USD	Annual
Proceeds from capital leases	`ProceedsFromCapitalLeases`	-	USD	Annual
Proceeds from capital leases	`ProceedsFromCapitalLeases`	$13.95K	USD	Annual
Notes receivable from the disposal of assets	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$2.50K	USD	Annual
Notes receivable from the disposal of assets	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-5.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.54M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.75M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	118.36M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	109.91M	shares	Point-in-time
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$950.00	USD	Annual
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$8.45K	USD	Annual
Issuance of common stock for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	8.45M	shares	1 Quarter
Issuance of common stock for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	950,000.00	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-488.99K	USD	Annual
Net loss	`NetIncomeLoss`	$-220.73K	USD	Annual
Balance	`StockholdersEquity`	$-5.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.54M	USD	Point-in-time
Balance	`StockholdersEquity`	$-5.75M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	118.36M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	109.91M	shares	Point-in-time

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