10-Q Filing

ACCESS Newswire Inc. CIK: 843006 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001354488-12-005534`
Period End Date	20120930
Filing Date	20121101
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	isdr-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 68 Cash Flow Statement 58

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Allowance for Accounts Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$171.60K	USD	Point-in-time
Allowance for Accounts Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$125.99K	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`	$862.39K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Accumulated Amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$79.17K	USD	Point-in-time
Accumulated Amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$161.08K	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $171,600 and $125,987, respectively)	`AccountsReceivableNet`	$565.16K	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $171,600 and $125,987, respectively)	`AccountsReceivableNet`	$361.19K	USD	Point-in-time
Deferred project costs	`DeferredProjectCosts`	$76.11K	USD	Point-in-time
Deferred project costs	`DeferredProjectCosts`	-	USD	Point-in-time
Preferred Stock shares par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock shares par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred income tax asset - current	`DeferredIncomeTaxesAndOtherAssetsCurrent`	$135.00K	USD	Point-in-time
Preferred Stock shares Authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Deferred income tax asset - current	`DeferredIncomeTaxesAndOtherAssetsCurrent`	$34.09K	USD	Point-in-time
Preferred Stock shares Authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred Stock shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$35.09K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$59.30K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.47M	USD	Point-in-time
Preferred Stock shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.76M	USD	Point-in-time
Preferred Stock shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Furniture, equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$66.61K	USD	Point-in-time
Furniture, equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$53.57K	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
Deferred income tax - noncurrent	`DeferredTaxAssetsNetNoncurrent`	$64.00K	USD	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
Common Stock shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock shares Issued	`CommonStockSharesIssued`	1.93M	shares	Point-in-time
Common Stock shares Issued	`CommonStockSharesIssued`	1.75M	shares	Point-in-time
Intangible assets (net of accumulated amortization of $161,083 and $79,166, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$458.11K	USD	Point-in-time
Intangible assets (net of accumulated amortization of $161,083 and $79,166, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$109.03K	USD	Point-in-time
Common Stock shares Outstanding	`CommonStockSharesOutstanding`	1.93M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$22.07K	USD	Point-in-time
Common Stock shares Outstanding	`CommonStockSharesOutstanding`	1.75M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$12.07K	USD	Point-in-time
Total assets	`Assets`	$1.73M	USD	Point-in-time
Total assets	`Assets`	$2.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$48.76K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$103.57K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$64.12K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$39.32K	USD	Point-in-time
Accrued litigation	`AccruedLitigation`	-	USD	Point-in-time
Accrued litigation	`AccruedLitigation`	$130.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$85.18K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$177.71K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$255.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$450.60K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$453.06K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$69.29K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$105.20K	USD	Point-in-time
Total liabilities	`Liabilities`	$558.26K	USD	Point-in-time
Total liabilities	`Liabilities`	$519.88K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 30,000,000 shares authorized, no shares issued and outstanding as of September 30, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 30,000,000 shares authorized, no shares issued and outstanding as of September 30, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Common stock $0.001 par value, 100,000,000 shares authorized, 1,932,425 and 1,752,175 shares issued and outstanding as of September 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, 1,932,425 and 1,752,175 shares issued and outstanding as of September 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$1.75K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-531.89K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-339.29K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.79M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.21M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.73M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.35M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$891.58K	USD	1 Quarter
Revenues	`Revenues`	$1.22M	USD	1 Quarter
Revenues	`Revenues`	$2.51M	USD	3 Qtrs
Revenues	`Revenues`	$3.12M	USD	3 Qtrs
Cost of services	`CostOfServices`	$1.05M	USD	3 Qtrs
Cost of services	`CostOfServices`	$340.83K	USD	1 Quarter
Cost of services	`CostOfServices`	$379.36K	USD	1 Quarter
Cost of services	`CostOfServices`	$1.11M	USD	3 Qtrs
Gross profit	`GrossProfit`	$512.22K	USD	1 Quarter
Gross profit	`GrossProfit`	$874.68K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.46M	USD	3 Qtrs
Gross profit	`GrossProfit`	$2.01M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$281.24K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$323.14K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$771.40K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$990.65K	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$167.75K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$99.30K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$606.15K	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$250.15K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$32.52K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$39.90K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$104.02K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$14.90K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$395.44K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$523.41K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$1.06M	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$1.70M	USD	3 Qtrs
Net operating income	`OperatingIncomeLoss`	$116.78K	USD	1 Quarter
Net operating income	`OperatingIncomeLoss`	$351.27K	USD	1 Quarter
Net operating income	`OperatingIncomeLoss`	$398.98K	USD	3 Qtrs
Net operating income	`OperatingIncomeLoss`	$312.75K	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$1.69K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-678.00	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$3.35K	USD	3 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$6.55K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$3.35K	USD	3 Qtrs
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`	$-678.00	USD	1 Quarter
Net income before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$350.59K	USD	1 Quarter
Net income before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$316.10K	USD	3 Qtrs
Net income before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$405.53K	USD	3 Qtrs
Net income before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$118.47K	USD	1 Quarter
Income tax expense	`CurrentIncomeTaxExpenseBenefit`	$137.00K	USD	1 Quarter
Income tax expense	`CurrentIncomeTaxExpenseBenefit`	$47.39K	USD	1 Quarter
Income tax expense	`CurrentIncomeTaxExpenseBenefit`	$60.01K	USD	3 Qtrs
Income tax expense	`CurrentIncomeTaxExpenseBenefit`	$123.50K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$213.59K	USD	1 Quarter
Net income	`NetIncomeLoss`	$192.60K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$71.08K	USD	1 Quarter
Net income	`NetIncomeLoss`	$345.52K	USD	3 Qtrs
Income per share - basic	`EarningsPerShareBasic`	$0.10	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`	$0.11	USD	1 Quarter
Income per share - fully diluted	`EarningsPerShareDiluted`	$0.20	USD	3 Qtrs
Income per share - fully diluted	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Income per share - fully diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Income per share - fully diluted	`EarningsPerShareDiluted`	$0.10	USD	3 Qtrs
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	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`	1.89M	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`	1.96M	shares	3 Qtrs
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.00M	shares	1 Quarter
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.77M	shares	3 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$213.59K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$192.60K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$71.08K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$345.52K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$104.02K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$39.90K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$99.82K	USD	3 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$60.82K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$100.91K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$60.01K	USD	3 Qtrs
Stock-based expense	`ShareBasedCompensation`	$327.86K	USD	3 Qtrs
Stock-based expense	`ShareBasedCompensation`	$69.50K	USD	3 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$264.79K	USD	3 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$368.08K	USD	3 Qtrs
Decrease (increase) in deposits and prepaids	`IncreaseDecreaseInOtherOperatingAssets`	$84.55K	USD	3 Qtrs
Decrease (increase) in deposits and prepaids	`IncreaseDecreaseInOtherOperatingAssets`	$-51.90K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$82.29K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-54.81K	USD	3 Qtrs
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$55.71K	USD	3 Qtrs
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-69.29K	USD	3 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$35.08K	USD	3 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-92.53K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$335.20K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$356.69K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.06K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$42.94K	USD	3 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$40.00K	USD	3 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$281.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-82.94K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-290.06K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$30.82K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$36.55K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Payment of dividend	`PaymentsOfDividends`	-	USD	3 Qtrs
Payment of dividend	`PaymentsOfDividends`	$115.75K	USD	3 Qtrs
Advance from line of credit	`ProceedsFromLinesOfCredit`	$275.00K	USD	3 Qtrs
Advance from line of credit	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Repayment on line of credit	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Repayment on line of credit	`RepaymentsOfLinesOfCredit`	$20.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.55K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$170.07K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$236.70K	USD	3 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$215.71K	USD	3 Qtrs
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$720.42K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$504.71K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$862.39K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	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`	$862.39K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$9.13K	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	$29.00	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$22.59K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Common stock issued for acquisition of customer list	`CommonStockIssuedForAcquisitionOfCustomerList`	$140.00K	USD	3 Qtrs
Common stock issued for acquisition of customer list	`CommonStockIssuedForAcquisitionOfCustomerList`	-	USD	3 Qtrs

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