10-Q/A Filing

ACCESS Newswire Inc. CIK: 843006 Q2 2010

Filing Information

Form Type	10-Q/A
Accession Number	`0001354488-10-002467`
Period End Date	20100630
Filing Date	20100811
Fiscal Year	2010
Fiscal Period	Q2
XBRL Instance	isdr-20100630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 56 Cash Flow Statement 44

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.04K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$185.38K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.37K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.62M	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $59,789 and $16,785, respectively)	`AccountsReceivableNetCurrent`	$152.07K	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $59,789 and $16,785, respectively)	`AccountsReceivableNetCurrent`	$836.01K	USD	Point-in-time
Security deposits	`OtherRestrictedAssetsCurrent`	$6.24K	USD	Point-in-time
Security deposits	`OtherRestrictedAssetsCurrent`	$6.24K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$33.93K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$19.20K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$323.56K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.50M	USD	Point-in-time
Furniture, equipment and improvements (net of accumulated depreciation of $26,227 and $18,316, respectively)	`FurnitureAndFixturesGross`	$21.09K	USD	Point-in-time
Furniture, equipment and improvements (net of accumulated depreciation of $26,227 and $18,316, respectively)	`FurnitureAndFixturesGross`	$20.38K	USD	Point-in-time
Intangible assets (net of accumulated amortization and impairment of $81,500 and $67,833, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$106.69K	USD	Point-in-time
Intangible assets (net of accumulated amortization and impairment of $81,500 and $67,833, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$120.36K	USD	Point-in-time
Total assets	`Assets`	$2.63M	USD	Point-in-time
Total assets	`Assets`	$465.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$51.72K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.72M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$195.06K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$59.81K	USD	Point-in-time
Notes payable- related party	`NotesPayableRelatedPartiesCurrent`	$73.53K	USD	Point-in-time
Notes payable- related party	`NotesPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$185.05K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.92M	USD	Point-in-time
Preferred stock, $1.00 par value, 10,000,000 shares authorized Series A, 60 shares designated, 31 and 5 shares issued and outstanding as of June 30, 2010 and December 31, 2009, respectively, Series B, 476,200 shares designated; no shares issued and outstanding.	`PreferredStockValue`	$31.00	USD	Point-in-time
Preferred stock, $1.00 par value, 10,000,000 shares authorized Series A, 60 shares designated, 31 and 5 shares issued and outstanding as of June 30, 2010 and December 31, 2009, respectively, Series B, 476,200 shares designated; no shares issued and outstanding.	`PreferredStockValue`	$5.00	USD	Point-in-time
Common stock $.001 par value, 100,000,000 shares authorized- 17,535,312 and 16,826,342 shares issued and outstanding as of June 30, 2010 and December 31, 2009, respectively.	`CommonStockValue`	$17.54K	USD	Point-in-time
Common stock $.001 par value, 100,000,000 shares authorized- 17,535,312 and 16,826,342 shares issued and outstanding as of June 30, 2010 and December 31, 2009, respectively.	`CommonStockValue`	$16.83K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.46M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-937.07K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.20M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$710.08K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$279.95K	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$465.00K	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.63M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.24M	USD	2 Qtrs
Revenues	`Revenues`	$2.96M	USD	2 Qtrs
Revenues	`Revenues`	$2.36M	USD	1 Quarter
Revenues	`Revenues`	$765.81K	USD	1 Quarter
Cost of services	`CostOfServices`	$485.04K	USD	2 Qtrs
Cost of services	`CostOfServices`	$1.91M	USD	1 Quarter
Cost of services	`CostOfServices`	$271.04K	USD	1 Quarter
Cost of services	`CostOfServices`	$2.11M	USD	2 Qtrs
Gross profit	`GrossProfit`	$446.55K	USD	1 Quarter
Gross profit	`GrossProfit`	$494.77K	USD	1 Quarter
Gross profit	`GrossProfit`	$753.30K	USD	2 Qtrs
Gross profit	`GrossProfit`	$852.38K	USD	2 Qtrs
Gereral and administrative	`GeneralAndAdministrativeExpense`	$205.68K	USD	1 Quarter
Gereral and administrative	`GeneralAndAdministrativeExpense`	$365.98K	USD	2 Qtrs
Gereral and administrative	`GeneralAndAdministrativeExpense`	$138.53K	USD	1 Quarter
Gereral and administrative	`GeneralAndAdministrativeExpense`	$240.12K	USD	2 Qtrs
Sales and marketing expenses	`SellingAndMarketingExpense`	$167.51K	USD	2 Qtrs
Sales and marketing expenses	`SellingAndMarketingExpense`	$132.38K	USD	2 Qtrs
Sales and marketing expenses	`SellingAndMarketingExpense`	$77.39K	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$103.32K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$21.58K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.93K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.18K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$19.26K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$225.85K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$555.07K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$319.18K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$391.77K	USD	2 Qtrs
Net operating income (loss)	`OperatingIncomeLoss`	$268.92K	USD	1 Quarter
Net operating income (loss)	`OperatingIncomeLoss`	$127.37K	USD	1 Quarter
Net operating income (loss)	`OperatingIncomeLoss`	$361.53K	USD	2 Qtrs
Net operating income (loss)	`OperatingIncomeLoss`	$297.31K	USD	2 Qtrs
Interest expense (income)	`InterestExpense`	$-1.47K	USD	1 Quarter
Interest expense (income)	`InterestExpense`	$65.00	USD	1 Quarter
Interest expense (income)	`InterestExpense`	$33.80K	USD	2 Qtrs
Interest expense (income)	`InterestExpense`	$1.34K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$268.85K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$360.19K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$128.84K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$263.51K	USD	2 Qtrs
Income (loss) per share - basic	`EarningsPerShareBasic`	$0.02	USD	2 Qtrs
Income (loss) per share - basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Income (loss) per share - basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Income (loss) per share - basic	`EarningsPerShareBasic`	$0.02	USD	2 Qtrs
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	$0.02	USD	2 Qtrs
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	$0.02	USD	2 Qtrs
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	16.75M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	16.19M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.17M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.49M	shares	1 Quarter
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.32M	shares	2 Qtrs
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.80M	shares	1 Quarter
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.75M	shares	1 Quarter
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.24M	shares	2 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$268.85K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$360.19K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$128.84K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$263.51K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$21.58K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.93K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.18K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$19.26K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$47.78K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$26.96K	USD	2 Qtrs
Non-cash interest expense	`OtherNoncashExpense`	$34.18K	USD	2 Qtrs
Non-cash interest expense	`OtherNoncashExpense`	-	USD	2 Qtrs
Stock-based expenses	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$45.00K	USD	2 Qtrs
Stock-based expenses	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Increase (decrease) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$122.56K	USD	2 Qtrs
Increase (decrease) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$731.73K	USD	2 Qtrs
Increase (decrease) in deposits and prepaids	`IncreaseDecreaseInDeposits`	$21.91K	USD	2 Qtrs
Increase (decrease) in deposits and prepaids	`IncreaseDecreaseInDeposits`	$14.73K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-63.30K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.67M	USD	2 Qtrs
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$149.17K	USD	2 Qtrs
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.39K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.48M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$193.25K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireMachineryAndEquipment`	$7.21K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireMachineryAndEquipment`	$11.66K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.66K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.21K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$6.75K	USD	2 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$39.83K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-46.58K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	2 Qtrs
Total net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$135.01K	USD	2 Qtrs
Total net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.48M	USD	2 Qtrs
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$146.04K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$185.38K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$50.37K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.62M	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$146.04K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$185.38K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$50.37K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$1.62M	USD	Point-in-time

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