10-Q Filing

ACCESS Newswire Inc. CIK: 843006 Q3 2010

Filing Information

Form Type	10-Q
Accession Number	`0001354488-10-003403`
Period End Date	20100930
Filing Date	20101108
Fiscal Year	2010
Fiscal Period	Q3
XBRL Instance	isdr-20100930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 60 Cash Flow Statement 48

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.37K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$495.32K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.04K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$215.70K	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $50,053 and $16,785, respectively)	`AccountsReceivableNetCurrent`	$152.07K	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $50,053 and $16,785, respectively)	`AccountsReceivableNetCurrent`	$138.97K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$26.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$25.44K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$323.56K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$660.29K	USD	Point-in-time
Furniture, equipment and improvements (net of accumulated depreciation of $28,739 and $18,316, respectively)	`FurnitureAndFixturesGross`	$54.04K	USD	Point-in-time
Furniture, equipment and improvements (net of accumulated depreciation of $28,739 and $18,316, respectively)	`FurnitureAndFixturesGross`	$21.09K	USD	Point-in-time
Intangible assets (net of accumulated amortization of $50,333 and $67,833, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$120.36K	USD	Point-in-time
Intangible assets (net of accumulated amortization of $50,333 and $67,833, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$97.86K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$15.58K	USD	Point-in-time
Total assets	`Assets`	$465.00K	USD	Point-in-time
Total assets	`Assets`	$827.77K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$51.72K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$84.18K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$59.81K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$38.46K	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 current liabilities	`LiabilitiesCurrent`	$122.64K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$185.05K	USD	Point-in-time
Other long term liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Other long term liabilities	`LiabilitiesNoncurrent`	$1.92K	USD	Point-in-time
Total liabilities	`Liabilities`	$185.05K	USD	Point-in-time
Total liabilities	`Liabilities`	$124.56K	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 September 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
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 September 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
Common stock $.001 par value, 100,000,000 shares authorized, 17,635,312 and 16,826,342 shares issued and outstanding as of September 30, 2010 and December 31, 2009, respectively	`CommonStockValue`	$16.83K	USD	Point-in-time
Common stock $.001 par value, 100,000,000 shares authorized, 17,635,312 and 16,826,342 shares issued and outstanding as of September 30, 2010 and December 31, 2009, respectively	`CommonStockValue`	$17.64K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.46M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-977.84K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$703.21K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$279.95K	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$827.77K	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$465.00K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.56M	USD	3 Qtrs
Revenues	`Revenues`	$326.43K	USD	1 Quarter
Revenues	`Revenues`	$403.99K	USD	1 Quarter
Revenues	`Revenues`	$3.37M	USD	3 Qtrs
Cost of services	`CostOfServices`	$191.06K	USD	1 Quarter
Cost of services	`CostOfServices`	$145.49K	USD	1 Quarter
Cost of services	`CostOfServices`	$630.53K	USD	3 Qtrs
Cost of services	`CostOfServices`	$2.30M	USD	3 Qtrs
Gross profit	`GrossProfit`	$212.93K	USD	1 Quarter
Gross profit	`GrossProfit`	$934.25K	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.07M	USD	3 Qtrs
Gross profit	`GrossProfit`	$180.94K	USD	1 Quarter
Gereral and administrative	`GeneralAndAdministrativeExpense`	$180.96K	USD	1 Quarter
Gereral and administrative	`GeneralAndAdministrativeExpense`	$130.07K	USD	1 Quarter
Gereral and administrative	`GeneralAndAdministrativeExpense`	$370.20K	USD	3 Qtrs
Gereral and administrative	`GeneralAndAdministrativeExpense`	$546.94K	USD	3 Qtrs
Sales and marketing expenses	`SellingAndMarketingExpense`	$241.35K	USD	3 Qtrs
Sales and marketing expenses	`SellingAndMarketingExpense`	$184.99K	USD	3 Qtrs
Sales and marketing expenses	`SellingAndMarketingExpense`	$73.84K	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$52.61K	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	$4.00K	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	-	USD	3 Qtrs
Impairment charges	`AssetImpairmentCharges`	$4.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$9.30K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.34K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$28.57K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$28.92K	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$266.15K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$191.98K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$583.76K	USD	3 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$821.22K	USD	3 Qtrs
Net operating income (loss)	`OperatingIncomeLoss`	$-53.21K	USD	1 Quarter
Net operating income (loss)	`OperatingIncomeLoss`	$244.09K	USD	3 Qtrs
Net operating income (loss)	`OperatingIncomeLoss`	$-11.04K	USD	1 Quarter
Net operating income (loss)	`OperatingIncomeLoss`	$350.49K	USD	3 Qtrs
Interest expense (income)	`InterestExpense`	$21.36K	USD	3 Qtrs
Interest expense (income)	`InterestExpense`	$253.00	USD	3 Qtrs
Interest expense (income)	`InterestExpense`	$-12.44K	USD	1 Quarter
Interest expense (income)	`InterestExpense`	$-1.08K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$350.24K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-9.96K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$222.74K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-40.77K	USD	1 Quarter
Income (loss) per share - basic	`EarningsPerShareBasic`	$0.01	USD	3 Qtrs
Income (loss) per share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Income (loss) per share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Income (loss) per share - basic	`EarningsPerShareBasic`	$0.02	USD	3 Qtrs
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	$0.01	USD	3 Qtrs
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	$0.02	USD	3 Qtrs
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.08M	shares	3 Qtrs
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.59M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	16.85M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.31M	shares	3 Qtrs
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.12M	shares	3 Qtrs
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.59M	shares	1 Quarter
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.85M	shares	1 Quarter
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.50M	shares	3 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$350.24K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-9.96K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$222.74K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-40.77K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.30K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.34K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$28.57K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$28.92K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$29.68K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$44.06K	USD	3 Qtrs
Impairment charges	`AssetImpairmentCharges`	$4.00K	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	-	USD	3 Qtrs
Impairment charges	`AssetImpairmentCharges`	$4.00K	USD	3 Qtrs
Non-cash interest expense	`OtherNoncashExpense`	$34.18K	USD	3 Qtrs
Non-cash interest expense	`OtherNoncashExpense`	-	USD	3 Qtrs
Stock-based expenses	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$10.00K	USD	3 Qtrs
Stock-based expenses	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$78.90K	USD	3 Qtrs
Increase (decrease) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$30.96K	USD	3 Qtrs
Increase (decrease) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$23.37K	USD	3 Qtrs
Increase (decrease) in deposits and prepaids	`IncreaseDecreaseInDeposits`	$14.56K	USD	3 Qtrs
Increase (decrease) in deposits and prepaids	`IncreaseDecreaseInDeposits`	$16.14K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-92.60K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$32.47K	USD	3 Qtrs
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.51K	USD	3 Qtrs
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-37.91K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$250.05K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$392.66K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquireMachineryAndEquipment`	$13.14K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquireMachineryAndEquipment`	$43.38K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-13.14K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-43.38K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$6.75K	USD	3 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$64.83K	USD	3 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-71.58K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	3 Qtrs
Total net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$349.28K	USD	3 Qtrs
Total net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$165.33K	USD	3 Qtrs
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$50.37K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$495.32K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$146.04K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$215.70K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$50.37K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$495.32K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$146.04K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$215.70K	USD	Point-in-time

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