10-Q Filing

ACCESS Newswire Inc. CIK: 843006 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001354488-12-003874`
Period End Date	20120630
Filing Date	20120806
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	isdr-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 68 Cash Flow Statement 58

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Allowance for Accounts Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$155.93K	USD	Point-in-time
Allowance for Accounts Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$125.99K	USD	Point-in-time
Accumulated Amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$135.50K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$504.71K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$813.29K	USD	Point-in-time
Accumulated Amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$79.17K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$862.39K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$616.43K	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $155,931 and $125,987, respectively)	`AccountsReceivableNet`	$442.39K	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $155,931 and $125,987, respectively)	`AccountsReceivableNet`	$361.19K	USD	Point-in-time
Preferred Stock shares par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Deferred project costs	`DeferredProjectCosts`	$76.11K	USD	Point-in-time
Preferred Stock shares par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Deferred project costs	`DeferredProjectCosts`	-	USD	Point-in-time
Preferred Stock shares Authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Deferred income tax asset - current	`DeferredIncomeTaxesAndOtherAssetsCurrent`	$171.09K	USD	Point-in-time
Preferred Stock shares Authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Deferred income tax asset - current	`DeferredIncomeTaxesAndOtherAssetsCurrent`	$135.00K	USD	Point-in-time
Preferred Stock shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$50.43K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$35.09K	USD	Point-in-time
Preferred Stock shares Issued	`PreferredStockSharesIssued`	0.00	shares	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`	$1.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.47M	USD	Point-in-time
Furniture, equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$66.61K	USD	Point-in-time
Common Stock shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Furniture, equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$55.59K	USD	Point-in-time
Common Stock shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred income tax - noncurrent	`DeferredTaxAssetsNetNoncurrent`	$64.00K	USD	Point-in-time
Deferred income tax - noncurrent	`DeferredTaxAssetsNetNoncurrent`	$64.00K	USD	Point-in-time
Intangible assets (net of accumulated amortization of $135,500 and $79,166, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$109.03K	USD	Point-in-time
Common Stock shares Issued	`CommonStockSharesIssued`	1.75M	shares	Point-in-time
Common Stock shares Issued	`CommonStockSharesIssued`	1.93M	shares	Point-in-time
Intangible assets (net of accumulated amortization of $135,500 and $79,166, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$482.69K	USD	Point-in-time
Common Stock shares Outstanding	`CommonStockSharesOutstanding`	1.93M	shares	Point-in-time
Common Stock shares Outstanding	`CommonStockSharesOutstanding`	1.75M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$12.07K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$22.07K	USD	Point-in-time
Total assets	`Assets`	$2.09M	USD	Point-in-time
Total assets	`Assets`	$1.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$103.57K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$83.31K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$39.32K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$33.21K	USD	Point-in-time
Accrued litigation	`AccruedLitigation`	-	USD	Point-in-time
Accrued litigation	`AccruedLitigation`	$130.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$177.71K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$51.07K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$265.00K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$432.59K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$450.60K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$69.29K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$93.23K	USD	Point-in-time
Total liabilities	`Liabilities`	$519.88K	USD	Point-in-time
Total liabilities	`Liabilities`	$525.81K	USD	Point-in-time
Preferred stock, $1.00 par value, 30,000,000 shares authorized, no shares issued and outstanding as of June 30, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1.00 par value, 30,000,000 shares authorized, no shares issued and outstanding as of June 30, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Common stock $0.001 par value, 100,000,000 shares authorized, 1,929,925 and 1,752,175 shares issued and outstanding as of June 30, 2012 and December 31, 2011, respectively.	`CommonStockValue`	$1.93K	USD	Point-in-time
Common stock $0.001 par value, 100,000,000 shares authorized, 1,929,925 and 1,752,175 shares issued and outstanding as of June 30, 2012 and December 31, 2011, respectively.	`CommonStockValue`	$1.75K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.12M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-552.88K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-531.89K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.73M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.09M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.62M	USD	2 Qtrs
Revenues	`Revenues`	$1.91M	USD	2 Qtrs
Revenues	`Revenues`	$1.10M	USD	1 Quarter
Revenues	`Revenues`	$1.11M	USD	1 Quarter
Cost of services	`CostOfServices`	$766.13K	USD	2 Qtrs
Cost of services	`CostOfServices`	$437.12K	USD	1 Quarter
Cost of services	`CostOfServices`	$409.44K	USD	1 Quarter
Cost of services	`CostOfServices`	$669.21K	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.14M	USD	2 Qtrs
Gross profit	`GrossProfit`	$948.22K	USD	2 Qtrs
Gross profit	`GrossProfit`	$699.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$666.76K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$668.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$256.43K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$490.17K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$378.73K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$437.91K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$225.38K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$150.85K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$86.30K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$35.43K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$25.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$71.50K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$13.18K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$355.91K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$1.18M	USD	2 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$639.54K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$666.02K	USD	2 Qtrs
Net operating income (loss)	`OperatingIncomeLoss`	$59.46K	USD	1 Quarter
Net operating income (loss)	`OperatingIncomeLoss`	$282.20K	USD	2 Qtrs
Net operating income (loss)	`OperatingIncomeLoss`	$-38.51K	USD	2 Qtrs
Net operating income (loss)	`OperatingIncomeLoss`	$310.84K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$4.86K	USD	2 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$4.03K	USD	2 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$2.00K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$490.00	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$2.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$490.00	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$4.86K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$4.03K	USD	2 Qtrs
Net income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$312.84K	USD	1 Quarter
Net income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$287.06K	USD	2 Qtrs
Net income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$59.95K	USD	1 Quarter
Net income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-34.49K	USD	2 Qtrs
Income tax (expense) benefit	`CurrentIncomeTaxExpenseBenefit`	$24.00K	USD	1 Quarter
Income tax (expense) benefit	`CurrentIncomeTaxExpenseBenefit`	$12.62K	USD	2 Qtrs
Income tax (expense) benefit	`CurrentIncomeTaxExpenseBenefit`	$12.62K	USD	1 Quarter
Income tax (expense) benefit	`CurrentIncomeTaxExpenseBenefit`	$-13.50K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$35.95K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$274.44K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-20.99K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$300.22K	USD	1 Quarter
Income (loss) per share - basic	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Income (loss) per share - basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Income (loss) per share - basic	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Income (loss) per share - basic	`EarningsPerShareBasic`	$0.16	USD	2 Qtrs
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	$0.15	USD	2 Qtrs
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.93M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.76M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.76M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.87M	shares	2 Qtrs
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.77M	shares	2 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`	2.07M	shares	1 Quarter
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.87M	shares	2 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$35.95K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$274.44K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-20.99K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$300.22K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$71.50K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.00K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$85.34K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$45.15K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-36.09K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$12.62K	USD	2 Qtrs
Stock-based expense	`ShareBasedCompensation`	$43.59K	USD	2 Qtrs
Stock-based expense	`ShareBasedCompensation`	$266.60K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$126.35K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$279.46K	USD	2 Qtrs
Decrease (increase) in deposits and prepaids	`IncreaseDecreaseInOtherOperatingAssets`	$-60.77K	USD	2 Qtrs
Decrease (increase) in deposits and prepaids	`IncreaseDecreaseInOtherOperatingAssets`	$36.39K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$74.14K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-20.26K	USD	2 Qtrs
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-112.17K	USD	2 Qtrs
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$33.76K	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-15.55K	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-126.64K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$217.49K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.52K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.14K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.43K	USD	2 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$40.00K	USD	2 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$280.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.43K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-284.14K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$26.38K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$35.34K	USD	2 Qtrs
Payment of dividend	`PaymentsOfDividends`	-	USD	2 Qtrs
Payment of dividend	`PaymentsOfDividends`	$57.85K	USD	2 Qtrs
Advance from line of credit	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Advance from line of credit	`ProceedsFromLinesOfCredit`	$275.00K	USD	2 Qtrs
Repayment on line of credit	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Repayment on line of credit	`RepaymentsOfLinesOfCredit`	$10.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$233.52K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-35.34K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$111.72K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-49.09K	USD	2 Qtrs
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$504.71K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$813.29K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$862.39K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$616.43K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$504.71K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$813.29K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$862.39K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$616.43K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$29.00	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	$5.92K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$22.59K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Common stock issued for acquisition of customer list	`CommonStockIssuedForAcquisitionOfCustomerList`	$140.00K	USD	2 Qtrs
Common stock issued for acquisition of customer list	`CommonStockIssuedForAcquisitionOfCustomerList`	-	USD	2 Qtrs

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