10-Q Filing

ACCESS Newswire Inc. CIK: 843006 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001354488-13-002396`
Period End Date	20130331
Filing Date	20130506
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	isdr-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 30 Cash Flow Statement 54

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for Accounts Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$117.03K	USD	Point-in-time
Allowance for Accounts Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$149.70K	USD	Point-in-time
Accumulated Amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$214.50K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	USD	Point-in-time
Accumulated Amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$187.67K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$752.02K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$862.39K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $149,703 and $117,030, respectively)	`AccountsReceivableNet`	$544.68K	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $149,703 and $117,030, respectively)	`AccountsReceivableNet`	$745.65K	USD	Point-in-time
Preferred Stock shares par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred income tax asset - current	`DeferredIncomeTaxesAndOtherAssetsCurrent`	$49.00K	USD	Point-in-time
Preferred Stock shares par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred income tax asset - current	`DeferredIncomeTaxesAndOtherAssetsCurrent`	$49.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$24.56K	USD	Point-in-time
Preferred Stock shares Authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred Stock shares Authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$38.71K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.88M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.08M	USD	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
Preferred Stock shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Furniture, equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$75.09K	USD	Point-in-time
Furniture, equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$55.61K	USD	Point-in-time
Deferred income tax - noncurrent	`DeferredTaxAssetsNetNoncurrent`	$159.00K	USD	Point-in-time
Deferred income tax - noncurrent	`DeferredTaxAssetsNetNoncurrent`	$159.00K	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
Intangible assets (net of accumulated amortization of $214,500 and $187,666, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$404.70K	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
Intangible assets (net of accumulated amortization of $214,500 and $187,666, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$431.53K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$12.07K	USD	Point-in-time
Common Stock shares Issued	`CommonStockSharesIssued`	1.95M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$12.07K	USD	Point-in-time
Common Stock shares Issued	`CommonStockSharesIssued`	1.94M	shares	Point-in-time
Common Stock shares Outstanding	`CommonStockSharesOutstanding`	1.95M	shares	Point-in-time
Total assets	`Assets`	$2.73M	USD	Point-in-time
Total assets	`Assets`	$2.54M	USD	Point-in-time
Common Stock shares Outstanding	`CommonStockSharesOutstanding`	1.94M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.89K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$110.39K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$37.35K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$99.15K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$226.41K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$124.59K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$90.69K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$112.91K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$75.00K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$150.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$589.54K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$499.82K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$105.55K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$100.10K	USD	Point-in-time
Total liabilities	`Liabilities`	$599.92K	USD	Point-in-time
Total liabilities	`Liabilities`	$695.10K	USD	Point-in-time
Preferred stock, $0.001 par value, 30,000,000 shares authorized, no shares issued and outstanding as of March 31, 2013 and December 31, 2012	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 30,000,000 shares authorized, no shares issued and outstanding as of March 31, 2013 and December 31, 2012	`PreferredStockValue`	-	USD	Point-in-time
Common stock $0.001 par value, 100,000,000 shares authorized,1,947,259 and 1,937,329 shares issued and outstanding as of March 31, 2013 and December 31, 2012, respectively.	`CommonStockValue`	$1.95K	USD	Point-in-time
Common stock $0.001 par value, 100,000,000 shares authorized,1,947,259 and 1,937,329 shares issued and outstanding as of March 31, 2013 and December 31, 2012, respectively.	`CommonStockValue`	$1.94K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-226.16K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.62K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.13M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.85M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.73M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.54M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$796.59K	USD	1 Quarter
Revenues	`Revenues`	$1.41M	USD	1 Quarter
Cost of services	`CostOfServices`	$356.69K	USD	1 Quarter
Cost of services	`CostOfServices`	$398.89K	USD	1 Quarter
Gross profit	`GrossProfit`	$439.90K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.01M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$408.60K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$289.30K	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$212.54K	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$201.02K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$36.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$34.94K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$644.55K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$537.91K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$367.79K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-98.01K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$-247.00	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$3.57K	USD	1 Quarter
Net income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$367.54K	USD	1 Quarter
Net income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-94.44K	USD	1 Quarter
Income tax (expense) benefit	`CurrentIncomeTaxExpenseBenefit`	$-37.50K	USD	1 Quarter
Income tax (expense) benefit	`CurrentIncomeTaxExpenseBenefit`	$152.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-56.94K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$215.54K	USD	1 Quarter
Income (loss) per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Income (loss) per share - basic and fully diluted	`EarningsPerShareBasicAndDiluted`	$0.11	USD	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.94M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.82M	shares	1 Quarter
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.01M	shares	1 Quarter
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.82M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-56.94K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$215.54K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.94K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$40.78K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$8.20K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-37.50K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Stock-based expense	`ShareBasedCompensation`	$66.27K	USD	1 Quarter
Stock-based expense	`ShareBasedCompensation`	$81.91K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$49.96K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$241.75K	USD	1 Quarter
Decrease (increase) in deposits and prepaids	`IncreaseDecreaseInOtherOperatingAssets`	$-14.15K	USD	1 Quarter
Decrease (increase) in deposits and prepaids	`IncreaseDecreaseInOtherOperatingAssets`	$-36.28K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$47.50K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.85K	USD	1 Quarter
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-98.09K	USD	1 Quarter
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-22.22K	USD	1 Quarter
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-30.98K	USD	1 Quarter
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-45.47K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$109.74K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-108.15K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.22K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.58K	USD	1 Quarter
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$275.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.58K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-277.22K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$64.00	USD	1 Quarter
Advance from line of credit	`ProceedsFromLinesOfCredit`	$275.00K	USD	Annual
Advance from line of credit	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Advance from line of credit	`ProceedsFromLinesOfCredit`	$275.00K	USD	1 Quarter
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$75.00K	USD	1 Quarter
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$125.00K	USD	Annual
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-74.94K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$275.00K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-110.37K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.22K	USD	1 Quarter
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$752.02K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$862.39K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$752.02K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$862.39K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$2.59K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$1.78K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$253.81K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Common stock issued for acquisition of customer list	`CommonStockIssuedForAcquisitionOfCustomerList`	$140.00K	USD	1 Quarter
Common stock issued for acquisition of customer list	`CommonStockIssuedForAcquisitionOfCustomerList`	-	USD	1 Quarter

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