10-Q Filing

ACCESS Newswire Inc. CIK: 843006 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001354488-11-001352`
Period End Date	20110331
Filing Date	20110504
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	isdr-20110331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 30 Cash Flow Statement 36

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.04K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$315.38K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$504.71K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$501.89K	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $74,008 and $56,024, respectively)	`AccountsReceivableNetCurrent`	$175.34K	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $74,008 and $56,024, respectively)	`AccountsReceivableNetCurrent`	$222.65K	USD	Point-in-time
Deferred income tax asset - current	`DeferredTaxAssetsNetCurrent`	$102.40K	USD	Point-in-time
Deferred income tax asset - current	`DeferredTaxAssetsNetCurrent`	$102.40K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.58K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.51K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$799.03K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$847.45K	USD	Point-in-time
Furniture, equipment and improvements,net	`FurnitureAndFixturesGross`	$53.38K	USD	Point-in-time
Furniture, equipment and improvements,net	`FurnitureAndFixturesGross`	$75.60K	USD	Point-in-time
Deferred income tax - noncurrent	`DeferredTaxAssetsNetNoncurrent`	$118.40K	USD	Point-in-time
Deferred income tax - noncurrent	`DeferredTaxAssetsNetNoncurrent`	$118.40K	USD	Point-in-time
Intangible assets, (net of accumulated amortization and impairment of $60,000 and $55,166, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$93.03K	USD	Point-in-time
Intangible assets, (net of accumulated amortization and impairment of $60,000 and $55,166, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$88.20K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$16.11K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$15.58K	USD	Point-in-time
Total assets	`Assets`	$1.15M	USD	Point-in-time
Total assets	`Assets`	$1.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$89.37K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$65.57K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$34.92K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$34.23K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$88.61K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$51.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$151.87K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$212.20K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$19.81K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$32.26K	USD	Point-in-time
Total liabilities	`Liabilities`	$244.46K	USD	Point-in-time
Total liabilities	`Liabilities`	$171.68K	USD	Point-in-time
Preferred stock, $1.00 par value, 30,000,000 shares authorized - Series A, 60 shares designated, no shares issued and outstanding; Series B, 476,200 shares designated; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1.00 par value, 30,000,000 shares authorized - Series A, 60 shares designated, no shares issued and outstanding; Series B, 476,200 shares designated; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock $.001 par value, 100,000,000 shares authorized, 17,685,312 shares issued and outstanding as of March 31, 2011 and December 31, 2010	`CommonStockValue`	$17.68K	USD	Point-in-time
Common stock $.001 par value, 100,000,000 shares authorized, 17,685,312 shares issued and outstanding as of March 31, 2011 and December 31, 2010	`CommonStockValue`	$17.68K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-771.17K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-796.95K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$907.73K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$901.29K	USD	Point-in-time
Total laibilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.15M	USD	Point-in-time
Total laibilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.08M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`Revenues`	$605.08K	USD	1 Quarter
Total revenue	`Revenues`	$513.56K	USD	1 Quarter
Total cost of services	`CostOfServices`	$232.10K	USD	1 Quarter
Total cost of services	`CostOfServices`	$199.25K	USD	1 Quarter
Total gross profit	`GrossProfit`	$405.83K	USD	1 Quarter
Total gross profit	`GrossProfit`	$281.46K	USD	1 Quarter
Gereral and administrative	`GeneralAndAdministrativeExpense`	$160.30K	USD	1 Quarter
Gereral and administrative	`GeneralAndAdministrativeExpense`	$233.74K	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$64.19K	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$64.55K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.40K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.82K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$310.10K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$235.89K	USD	1 Quarter
Total net operating income (loss)	`OperatingIncomeLoss`	$-28.64K	USD	1 Quarter
Total net operating income (loss)	`OperatingIncomeLoss`	$169.93K	USD	1 Quarter
Total interest expense (income)	`InterestExpense`	$2.86K	USD	1 Quarter
Total interest expense (income)	`InterestExpense`	$-35.27K	USD	1 Quarter
Total other Income	`OtherIncome`	$2.86K	USD	1 Quarter
Total other Income	`OtherIncome`	$-35.27K	USD	1 Quarter
Total net income (loss)	`NetIncomeLoss`	$-25.78K	USD	1 Quarter
Total net income (loss)	`NetIncomeLoss`	$134.66K	USD	1 Quarter
Income (loss) per share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Income (loss) per share - basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Income (loss) per share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Income (loss) per share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.69M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	16.84M	shares	1 Quarter
Weighted average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.69M	shares	1 Quarter
Weighted average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.88M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Total net income (loss)	`NetIncomeLoss`	$-25.78K	USD	1 Quarter
Total net income (loss)	`NetIncomeLoss`	$134.66K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.40K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.82K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$32.11K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$21.18K	USD	1 Quarter
Non-cash interest expense	`OtherNoncashExpense`	-	USD	1 Quarter
Non-cash interest expense	`OtherNoncashExpense`	$34.18K	USD	1 Quarter
Stock-based expense	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$19.35K	USD	1 Quarter
Stock-based expense	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$27.00K	USD	1 Quarter
Increase (decrease) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-77.63K	USD	1 Quarter
Increase (decrease) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-68.50K	USD	1 Quarter
Increase (decrease) in deposits and prepaids	`IncreaseDecreaseInDeposits`	$-4.46K	USD	1 Quarter
Increase (decrease) in deposits and prepaids	`IncreaseDecreaseInDeposits`	$193.00	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.83K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$23.80K	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$11.76K	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$4.55K	USD	1 Quarter
Total net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.39K	USD	1 Quarter
Total net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$176.29K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireMachineryAndEquipment`	$-29.21K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireMachineryAndEquipment`	$-6.96K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.96K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-29.21K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Total net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.82K	USD	1 Quarter
Total net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$169.34K	USD	1 Quarter
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$146.04K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$315.38K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$504.71K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$501.89K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$146.04K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$315.38K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$504.71K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$501.89K	USD	Point-in-time

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