10-Q/A Filing

SWISHER HYGIENE INC. CIK: 1504747 Q2 2011

Filing Information

Form Type	10-Q/A
Accession Number	`0001354488-13-000805`
Period End Date	20110630
Filing Date	20130221
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	swsh-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 72 Cash Flow Statement 53 Stockholders Equity 19

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$112.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Net of allowance for doubtful accounts, accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$334.00K	USD	Point-in-time
Net of allowance for doubtful accounts, accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.12M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.19M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $1,120 at June 30, 2011 and $334 at December 31, 2010)	`AccountsReceivableNetCurrent`	$23.25M	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $1,120 at June 30, 2011 and $334 at December 31, 2010)	`AccountsReceivableNetCurrent`	$7.07M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$2.97M	USD	Point-in-time
Inventory	`InventoryNet`	$10.37M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.41M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Other assets	`OtherAssetsCurrent`	$895.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	172.56M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	172.56M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$55.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$148.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$58.56M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	114.02M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.32M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	114.02M	shares	Point-in-time
Goodwill	`Goodwill`	$29.66M	USD	Point-in-time
Goodwill	`Goodwill`	$123.59M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$7.67M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$91.24M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$4.55M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$2.52M	USD	Point-in-time
Total assets	`Assets`	$426.45M	USD	Point-in-time
Total assets	`Assets`	$106.23M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$9.34M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$27.43M	USD	Point-in-time
Long-term debt and obligations due within one year	`ShortTermBorrowings`	$9.84M	USD	Point-in-time
Long-term debt and obligations due within one year	`ShortTermBorrowings`	$13.38M	USD	Point-in-time
Advances from shareholder	`DueToRelatedPartiesCurrent`	$2.00M	USD	Point-in-time
Advances from shareholder	`DueToRelatedPartiesCurrent`	$2.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$39.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$24.17M	USD	Point-in-time
Long term obligations	`LongTermDebtNoncurrent`	$29.83M	USD	Point-in-time
Long term obligations	`LongTermDebtNoncurrent`	$31.03M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$1.70M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$9.70M	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$2.76M	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$4.10M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$43.63M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$35.49M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.001, authorized 400,000,000 shares; 172,559,865 and 114,015,063 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$114.00K	USD	Point-in-time
Common stock, par value $0.001, authorized 400,000,000 shares; 172,559,865 and 114,015,063 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$173.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$366.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$54.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.09M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$46.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$74.00K	USD	Point-in-time
Total Swisher Hygiene Inc. stockholders' equity	`StockholdersEquity`	$45.92M	USD	Point-in-time
Total Swisher Hygiene Inc. stockholders' equity	`StockholdersEquity`	$343.53M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$110.00K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$29.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$343.56M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$46.03M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$426.45M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$106.23M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Product	`SalesRevenueGoodsNet`	$16.71M	USD	2 Qtrs
Product	`SalesRevenueGoodsNet`	$27.98M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$43.40M	USD	2 Qtrs
Product	`SalesRevenueGoodsNet`	$8.55M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$22.66M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$4.48M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$33.13M	USD	2 Qtrs
Service	`SalesRevenueServicesNet`	$8.86M	USD	2 Qtrs
Franchise and other	`RevenueFromFranchisedOutlets`	$2.67M	USD	2 Qtrs
Franchise and other	`RevenueFromFranchisedOutlets`	$1.28M	USD	1 Quarter
Franchise and other	`RevenueFromFranchisedOutlets`	$4.33M	USD	2 Qtrs
Franchise and other	`RevenueFromFranchisedOutlets`	$2.14M	USD	1 Quarter
Total revenue	`Revenues`	$79.20M	USD	2 Qtrs
Total revenue	`Revenues`	$29.89M	USD	2 Qtrs
Total revenue	`Revenues`	$51.91M	USD	1 Quarter
Total revenue	`Revenues`	$15.16M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$18.34M	USD	1 Quarter
Cost of revenue	`CostOfGoodsAndServicesSold`	$28.34M	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$10.76M	USD	2 Qtrs
Cost of revenue	`CostOfGoodsAndServicesSold`	$5.45M	USD	1 Quarter
Route expenses	`RouteExpenses`	$3.17M	USD	1 Quarter
Route expenses	`RouteExpenses`	$6.35M	USD	2 Qtrs
Route expenses	`RouteExpenses`	$20.67M	USD	2 Qtrs
Route expenses	`RouteExpenses`	$13.57M	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$13.37M	USD	2 Qtrs
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$34.87M	USD	2 Qtrs
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$6.87M	USD	1 Quarter
Selling, general, and administrative	`SellingGeneralAndAdministrativeExpense`	$20.21M	USD	1 Quarter
Acquisition and merger expenses	`AcquisitionAndMergerExpenses`	$2.73M	USD	1 Quarter
Acquisition and merger expenses	`AcquisitionAndMergerExpenses`	-	USD	1 Quarter
Acquisition and merger expenses	`AcquisitionAndMergerExpenses`	-	USD	2 Qtrs
Acquisition and merger expenses	`AcquisitionAndMergerExpenses`	$4.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.13M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.25M	USD	2 Qtrs
Loss on extinguishment of debt	`LossOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`LossOnExtinguishmentOfDebt`	$1.50M	USD	2 Qtrs
Loss on extinguishment of debt	`LossOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on extinguishment of debt	`LossOnExtinguishmentOfDebt`	-	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$32.61M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$60.20M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$16.58M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$97.63M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-18.43M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-8.29M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.42M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.72M	USD	2 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.76M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-355.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-646.00K	USD	2 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-6.01M	USD	2 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.77M	USD	1 Quarter
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-24.44M	USD	2 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.37M	USD	2 Qtrs
Net loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-12.05M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-3.96M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax benefit	`IncomeTaxExpenseBenefit`	$-10.35M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.37M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-14.09M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.77M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.09M	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Basic and diluted	`BasicAndDilutedWeightedAverageCommonShares`	144.10M	shares	2 Qtrs
Basic and diluted	`BasicAndDilutedWeightedAverageCommonShares`	164.97M	shares	1 Quarter
Basic and diluted	`BasicAndDilutedWeightedAverageCommonShares`	57.86M	shares	2 Qtrs
Basic and diluted	`BasicAndDilutedWeightedAverageCommonShares`	57.89M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.37M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-14.09M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.77M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.13M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.25M	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$1.85M	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Unrealized loss on fair value of convertible promissory notes	`UnrealizedLossOnFairValueOfConvertiblePromissoryNotes`	-	USD	2 Qtrs
Unrealized loss on fair value of convertible promissory notes	`UnrealizedLossOnFairValueOfConvertiblePromissoryNotes`	$5.59M	USD	2 Qtrs
Deferred income tax liabilities	`DeferredIncomeTaxExpenseBenefit`	$-9.66M	USD	2 Qtrs
Deferred income tax liabilities	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.62M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-47.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-337.00K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-2.49M	USD	2 Qtrs
Other assets and noncurrent assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-330.00K	USD	2 Qtrs
Other assets and noncurrent assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.20M	USD	2 Qtrs
Accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.85M	USD	2 Qtrs
Accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.69M	USD	2 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.52M	USD	2 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-260.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.79M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.77M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$49.00K	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$105.40M	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-5.19M	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-106.99M	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.81M	USD	2 Qtrs
Proceeds from private placements, net of issuance costs	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	2 Qtrs
Proceeds from private placements, net of issuance costs	`ProceedsFromIssuanceOfPrivatePlacement`	$191.18M	USD	2 Qtrs
Proceeds from line of credit, net of issuance costs	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Proceeds from line of credit, net of issuance costs	`ProceedsFromLinesOfCredit`	$27.66M	USD	2 Qtrs
Payoff of lines of credit	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Payoff of lines of credit	`RepaymentsOfLinesOfCredit`	$27.78M	USD	2 Qtrs
Principal payments on debt	`RepaymentsOfShortTermDebt`	$1.38M	USD	2 Qtrs
Principal payments on debt	`RepaymentsOfShortTermDebt`	$1.37M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.37M	USD	2 Qtrs
Payment of shareholder advance	`RepaymentOfDueToRelatedPartyNotePayable`	-	USD	2 Qtrs
Payment of shareholder advance	`RepaymentOfDueToRelatedPartyNotePayable`	$800.00K	USD	2 Qtrs
Proceeds from advances from shareholders	`ProceedsFromRelatedPartyNotePayable`	-	USD	2 Qtrs
Proceeds from advances from shareholders	`ProceedsFromRelatedPartyNotePayable`	$4.60M	USD	2 Qtrs
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$193.05M	USD	2 Qtrs
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.43M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$73.53M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-647.00K	USD	2 Qtrs
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$112.47M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$38.93M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`Cash`	$112.47M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`Cash`	$623.00K	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$45.92M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$343.53M	USD	Point-in-time
Beginning balance, shares	`SharesIssued`	343,559.00	shares	Point-in-time
Shares issued in connection with private placements	`SharesIssuedInConnectionWithPrivatePlacements`	$191.18M	USD	2 Qtrs
Shares issued in connection with the acquisition of Choice	`SharesIssuedInConnectionWithAcquisitionOfChoice`	$48.78M	USD	2 Qtrs
Shares issued in connection with and purchases of property and equipment and to settle liabilities	`SharesIssuedInConnectionWithAndPurchasesOfPropertyAndEquipmentAndToSettleLiabilities`	$45.25M	USD	2 Qtrs
Shares issued for non-controlling interest	`SharesIssuedForNoncontrollingInterest`	-	USD	2 Qtrs
Conversion of promissory notes payable	`ConversionOfPromissoryNotesPayable`	$21.20M	USD	2 Qtrs
Stock based compensation	`StockBasedCompensation`	$1.85M	USD	2 Qtrs
Exercise of stock options and warrants	`ExerciseOfStockOptionsAndWarrants`	$3.37M	USD	2 Qtrs
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$-28.00K	USD	2 Qtrs
Minority interest on AML2 acquisition	`MinorityInterestOnAml2Acquisition`	$28.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.37M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-14.09M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.77M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.09M	USD	1 Quarter
Ending balance, amount	`StockholdersEquity`	$45.92M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$343.53M	USD	Point-in-time
Ending balance, shares	`SharesIssued`	343,559.00	shares	Point-in-time

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