10-Q Filing

ACCESS Newswire Inc. CIK: 843006 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001354488-11-004028`
Period End Date	20110930
Filing Date	20111102
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	isdr-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 72 Cash Flow Statement 60

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Allowance for Accounts Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$56.02K	USD	Point-in-time
Allowance for Accounts Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$132.41K	USD	Point-in-time
Accumulated Amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$72.33K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$720.42K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$504.71K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.04K	USD	Point-in-time
Accumulated Amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$55.17K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$495.32K	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $132,414 and $56,024, respectively)	`AccountsReceivableNetCurrent`	$443.60K	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $132,414 and $56,024, respectively)	`AccountsReceivableNetCurrent`	$175.34K	USD	Point-in-time
Preferred Stock shares par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred Stock shares par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Deferred income tax asset, current	`DeferredTaxAssetsNetCurrent`	$120.79K	USD	Point-in-time
Deferred income tax asset, current	`DeferredTaxAssetsNetCurrent`	$102.40K	USD	Point-in-time
Preferred Stock shares Authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Deferred costs	`DeferredCostsCurrent`	$50.78K	USD	Point-in-time
Preferred Stock shares Authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Deferred costs	`DeferredCostsCurrent`	-	USD	Point-in-time
Preferred Stock shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.58K	USD	Point-in-time
Preferred Stock shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$49.83K	USD	Point-in-time
Preferred Stock shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$799.03K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.39M	USD	Point-in-time
Series A shares designated	`SeriesASharesDesignated`	60.00	shares	Point-in-time
Furniture, equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$73.58K	USD	Point-in-time
Furniture, equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$53.38K	USD	Point-in-time
Series A shares designated	`SeriesASharesDesignated`	60.00	shares	Point-in-time
Series B shares designated	`SeriesBSharesDesignated`	476,200.00	shares	Point-in-time
Deferred income tax, noncurrent	`DeferredTaxAssetsNetNoncurrent`	$40.00K	USD	Point-in-time
Deferred income tax, noncurrent	`DeferredTaxAssetsNetNoncurrent`	$118.40K	USD	Point-in-time
Series B shares designated	`SeriesBSharesDesignated`	476,200.00	shares	Point-in-time
Intangible assets (net of accumulated amortization of $72,333 and $55,166, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$93.03K	USD	Point-in-time
Common Stock shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible assets (net of accumulated amortization of $72,333 and $55,166, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$115.86K	USD	Point-in-time
Common Stock shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$15.58K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$16.11K	USD	Point-in-time
Common Stock shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock shares Issued	`CommonStockSharesIssued`	1.75M	shares	Point-in-time
Common Stock shares Issued	`CommonStockSharesIssued`	17.69M	shares	Point-in-time
Total assets	`Assets`	$1.63M	USD	Point-in-time
Total assets	`Assets`	$1.08M	USD	Point-in-time
Common Stock shares Outstanding	`CommonStockSharesOutstanding`	1.75M	shares	Point-in-time
Common Stock shares Outstanding	`CommonStockSharesOutstanding`	17.69M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$65.57K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$147.86K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$34.92K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$53.28K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$51.38K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$86.46K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$287.60K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$151.87K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$57.16K	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$19.81K	USD	Point-in-time
Total liabilities	`Liabilities`	$171.68K	USD	Point-in-time
Total liabilities	`Liabilities`	$344.76K	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,1,751,933 and 1,768,531shares issued and outstanding as of September 30, 2011 and December 31, 2010, respectively.	`CommonStockValue`	$1.75K	USD	Point-in-time
Common stock $.001 par value, 100,000,000 shares authorized,1,751,933 and 1,768,531shares issued and outstanding as of September 30, 2011 and December 31, 2010, respectively.	`CommonStockValue`	$1.77K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.71M	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`	$-425.65K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$907.73K	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.63M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.08M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.51M	USD	3 Qtrs
Revenues	`Revenues`	$3.37M	USD	3 Qtrs
Revenues	`Revenues`	$403.99K	USD	1 Quarter
Revenues	`Revenues`	$891.58K	USD	1 Quarter
Cost of services	`CostOfServices`	$1.05M	USD	3 Qtrs
Cost of services	`CostOfServices`	$191.06K	USD	1 Quarter
Cost of services	`CostOfServices`	$379.36K	USD	1 Quarter
Cost of services	`CostOfServices`	$2.30M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.46M	USD	3 Qtrs
Gross profit	`GrossProfit`	$212.93K	USD	1 Quarter
Gross profit	`GrossProfit`	$512.22K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.07M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$281.24K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$180.96K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$771.40K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$546.94K	USD	3 Qtrs
Sales and marketing expenses	`SellingAndMarketingExpense`	$73.84K	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$250.15K	USD	3 Qtrs
Sales and marketing expenses	`SellingAndMarketingExpense`	$99.30K	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$241.35K	USD	3 Qtrs
Impairment charges	`AssetImpairmentCharges`	-	USD	3 Qtrs
Impairment charges	`AssetImpairmentCharges`	$4.00K	USD	3 Qtrs
Impairment charges	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	$4.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.34K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$39.90K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$28.92K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$14.90K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$821.22K	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$266.15K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$1.06M	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$395.44K	USD	1 Quarter
Net operating income	`OperatingIncomeLoss`	$244.09K	USD	3 Qtrs
Net operating income	`OperatingIncomeLoss`	$-53.21K	USD	1 Quarter
Net operating income	`OperatingIncomeLoss`	$116.78K	USD	1 Quarter
Net operating income	`OperatingIncomeLoss`	$398.98K	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$6.55K	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$1.69K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-21.36K	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$12.44K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$12.44K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$1.69K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$6.55K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-21.36K	USD	3 Qtrs
Net income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$118.47K	USD	1 Quarter
Net income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$405.53K	USD	3 Qtrs
Net income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$222.74K	USD	3 Qtrs
Net income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-40.77K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$60.01K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$47.39K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$222.74K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$71.08K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-40.77K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$345.52K	USD	3 Qtrs
Income per share - basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Income per share - basic	`EarningsPerShareBasic`	$0.20	USD	3 Qtrs
Income per share - basic	`EarningsPerShareBasic`	$0.13	USD	3 Qtrs
Income per share - basic	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Income per share - fully diluted	`EarningsPerShareDiluted`	$0.13	USD	3 Qtrs
Income per share - fully diluted	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Income per share - fully diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Income per share - fully diluted	`EarningsPerShareDiluted`	$0.20	USD	3 Qtrs
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.75M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.76M	shares	3 Qtrs
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.76M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.73M	shares	3 Qtrs
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.75M	shares	3 Qtrs
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.77M	shares	3 Qtrs
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.76M	shares	1 Quarter
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.76M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$222.74K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$71.08K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-40.77K	USD	1 Quarter
Net income	`NetIncomeLoss`	$345.52K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$7.34K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$39.90K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$28.92K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$14.90K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$44.06K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$99.82K	USD	3 Qtrs
Impairment charges	`AssetImpairmentCharges`	-	USD	3 Qtrs
Impairment charges	`AssetImpairmentCharges`	$4.00K	USD	3 Qtrs
Impairment charges	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	$4.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$60.01K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Non-cash interest expense	`OtherNoncashExpense`	-	USD	3 Qtrs
Non-cash interest expense	`OtherNoncashExpense`	$34.18K	USD	3 Qtrs
Stock-based expenses	`ShareBasedCompensation`	$69.50K	USD	3 Qtrs
Stock-based expenses	`ShareBasedCompensation`	$78.90K	USD	3 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-368.08K	USD	3 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-30.96K	USD	3 Qtrs
Decrease (increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-84.55K	USD	3 Qtrs
Decrease (increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-16.14K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$32.47K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$82.29K	USD	3 Qtrs
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$55.71K	USD	3 Qtrs
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.51K	USD	3 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$35.08K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$335.20K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$392.66K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-43.38K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-42.94K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$-40.00K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-82.94K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.38K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$-36.55K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.55K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$215.71K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$349.28K	USD	3 Qtrs
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$720.42K	USD	Point-in-time
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$504.71K	USD	Point-in-time
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$146.04K	USD	Point-in-time
Cash, beginning	`CashAndCashEquivalentsAtCarryingValue`	$495.32K	USD	Point-in-time
Cash, ending	`CashAndCashEquivalentsAtCarryingValue`	$720.42K	USD	Point-in-time
Cash, ending	`CashAndCashEquivalentsAtCarryingValue`	$504.71K	USD	Point-in-time
Cash, ending	`CashAndCashEquivalentsAtCarryingValue`	$146.04K	USD	Point-in-time
Cash, ending	`CashAndCashEquivalentsAtCarryingValue`	$495.32K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$29.00	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$518.00	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Related party notes payable and accrued interest converted to common shares	`StockIssued1`	$59.67K	USD	3 Qtrs
Related party notes payable and accrued interest converted to common shares	`StockIssued1`	-	USD	3 Qtrs
Related party notes payable and accrued interest converted to preferred shares	`RelatedPartyNotesPayableAndAccruedInterestConvertedToPreferredShares`	-	USD	3 Qtrs
Related party notes payable and accrued interest converted to preferred shares	`RelatedPartyNotesPayableAndAccruedInterestConvertedToPreferredShares`	$27.78K	USD	3 Qtrs

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