10-Q Filing

SPEEDEMISSIONS INC CIK: 1158419 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001214659-17-003325`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	spmi-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 26 Cash Flow Statement 53

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$185.65K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$64.01K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$53.01K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Inventory	`OtherInventory`	$60.70K	USD	Point-in-time
Inventory	`OtherInventory`	$9.12K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$47.81K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$49.93K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$294.16K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$112.06K	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$48.74K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$253.51K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	120.44M	shares	Point-in-time
Goodwill	`Goodwill`	$210.88K	USD	Point-in-time
Goodwill	`Goodwill`	$390.99K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	120.44M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$35.66K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	118.36M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	118.36M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$33.68K	USD	Point-in-time
Total assets	`Assets`	$792.23K	USD	Point-in-time
Total assets	`Assets`	$587.45K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$26.86K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$26.37K	USD	Point-in-time
Current portion notes payable	`NotesPayableCurrent`	$449.44K	USD	Point-in-time
Current portion notes payable	`NotesPayableCurrent`	$354.38K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$463.14K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.07M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.07M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$678.32K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$551.38K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$573.81K	USD	Point-in-time
Current portion - capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$3.28K	USD	Point-in-time
Current portion - capitalized lease obligations	`CapitalLeaseObligationsCurrent`	$3.40K	USD	Point-in-time
Current portion deferred rent	`DeferredRentCreditCurrent`	$2.82K	USD	Point-in-time
Current portion deferred rent	`DeferredRentCreditCurrent`	$2.82K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.71M	USD	Point-in-time
Notes payable, net of current portion	`LongTermDebtCurrent`	-	USD	Point-in-time
Notes payable, net of current portion	`LongTermDebtCurrent`	$252.96K	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$6.51K	USD	Point-in-time
Capitalized lease obligations, net of current portion	`CapitalLeaseObligationsNoncurrent`	$7.41K	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$31.60K	USD	Point-in-time
Deferred rent, net of current portion	`DeferredRentCreditNoncurrent`	$36.50K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.76M	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, 120,438,914 issued with 118,364,225 shares outstanding at March 31, 2017 and December 31, 2016	`CommonStockValue`	$120.37K	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 March 31, 2017 and December 31, 2016	`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`	$-21.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.03M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-5.75M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-5.50M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$792.23K	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$587.45K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$885.55K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$897.41K	USD	1 Quarter
Cost of emission certificates	`OtherCostAndExpenseOperating`	$159.57K	USD	1 Quarter
Cost of emission certificates	`OtherCostAndExpenseOperating`	$166.54K	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$517.28K	USD	1 Quarter
Store operating expenses	`OperatingCostsAndExpenses`	$522.03K	USD	1 Quarter
General and administrative (income) expenses	`GeneralAndAdministrativeExpense`	$171.15K	USD	1 Quarter
General and administrative (income) expenses	`GeneralAndAdministrativeExpense`	$203.95K	USD	1 Quarter
Gain from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	$4.34K	USD	1 Quarter
Gain from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	$74.10K	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$83.74K	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$37.15K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$199.91K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$755.00	USD	1 Quarter
Interest expense	`InterestExpense`	$62.91K	USD	1 Quarter
Interest expense	`InterestExpense`	$38.84K	USD	1 Quarter
Other income (expense), net	`InterestIncomeExpenseNet`	$-62.15K	USD	1 Quarter
Other income (expense), net	`InterestIncomeExpenseNet`	$161.07K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-25.01K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$244.81K	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	109.91M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	118.36M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income profit (loss)	`NetIncomeLoss`	$-25.01K	USD	1 Quarter
Net income profit (loss)	`NetIncomeLoss`	$244.81K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.20K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.47K	USD	1 Quarter
Gain from derecognition of accounts payable	`GainFromDerecognitionOfAccountsPayable`	-	USD	1 Quarter
Gain from derecognition of accounts payable	`GainFromDerecognitionOfAccountsPayable`	$199.91K	USD	1 Quarter
Gain from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	$4.34K	USD	1 Quarter
Gain from disposal of non-strategic assets	`GainLossOnDispositionOfAssets`	$74.10K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.13K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$51.58K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-725.00	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-2.13K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$755.00	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.97K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.34K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.17K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.09K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-4.90K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-64.21K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.38K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$214.97K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$3.21K	USD	1 Quarter
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	$47.00K	USD	Point-in-time
Proceeds from notes receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	1 Quarter
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$254.20K	USD	1 Quarter
Proceeds from asset sales	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.34K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$7.55K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$39.23K	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$2.59K	USD	1 Quarter
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$20.60K	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$8.73K	USD	1 Quarter
Payments on line of credit	`RepaymentsOfLinesOfCredit`	$20.11K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$265.00K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$150.76K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$80.67K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfNotesPayable`	$107.09K	USD	1 Quarter
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$775.00	USD	1 Quarter
Payments on capitalized leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$10.87K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$157.62K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$53.08K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$64.01K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$132.64K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$185.65K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$64.01K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.01K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$185.65K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$64.01K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.01K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$62.91K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaid`	$38.84K	USD	1 Quarter

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