10-Q Filing

ACCESS Newswire Inc. CIK: 843006 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001354488-13-004227`
Period End Date	20130630
Filing Date	20130806
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	isdr-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 68 Cash Flow Statement 61

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`	$159.10K	USD	Point-in-time
Accumulated Amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$187.67K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$813.29K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.50M	USD	Point-in-time
Accumulated Amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$238.83K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$862.39K	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $159,096 and $117,030, respectively)	`AccountsReceivableNet`	$833.74K	USD	Point-in-time
Accounts receivable, (net of allowance for doubtful accounts of $159,096 and $117,030, respectively)	`AccountsReceivableNet`	$544.68K	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`	$49.00K	USD	Point-in-time
Deferred income tax asset - current	`DeferredIncomeTaxesAndOtherAssetsCurrent`	$49.00K	USD	Point-in-time
Preferred Stock shares Authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$63.30K	USD	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
Preferred Stock shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.45M	USD	Point-in-time
Preferred Stock shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Furniture, equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$69.18K	USD	Point-in-time
Furniture, equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$55.61K	USD	Point-in-time
Preferred Stock shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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`	$159.00K	USD	Point-in-time
Deferred income tax - noncurrent	`DeferredTaxAssetsNetNoncurrent`	$159.00K	USD	Point-in-time
Common Stock shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Intangible assets (net of accumulated amortization of $238,833 and $187,666, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$380.36K	USD	Point-in-time
Intangible assets (net of accumulated amortization of $238,833 and $187,666, respectively)	`IntangibleAssetsNetExcludingGoodwill`	$431.53K	USD	Point-in-time
Common Stock shares Authorized	`CommonStockSharesAuthorized`	100.00M	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
Other noncurrent assets	`OtherAssetsNoncurrent`	$12.07K	USD	Point-in-time
Common Stock shares Issued	`CommonStockSharesIssued`	1.95M	shares	Point-in-time
Common Stock shares Outstanding	`CommonStockSharesOutstanding`	1.94M	shares	Point-in-time
Total assets	`Assets`	$3.07M	USD	Point-in-time
Common Stock shares Outstanding	`CommonStockSharesOutstanding`	1.95M	shares	Point-in-time
Total assets	`Assets`	$2.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$95.97K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.89K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$40.59K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$37.35K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$226.41K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$247.09K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$112.91K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$64.40K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$150.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$448.06K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$589.54K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$94.65K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$105.55K	USD	Point-in-time
Total liabilities	`Liabilities`	$542.70K	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 June 30, 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 June 30, 2013 and December 31, 2012.	`PreferredStockValue`	-	USD	Point-in-time
Common stock $0.001 par value, 100,000,000 shares authorized,1,952,259 and 1,937,329 shares issued and outstanding as of June 30, 2013 and December 31, 2012, respectively.	`CommonStockValue`	$1.95K	USD	Point-in-time
Common stock $0.001 par value, 100,000,000 shares authorized,1,952,259 and 1,937,329 shares issued and outstanding as of June 30, 2013 and December 31, 2012, respectively.	`CommonStockValue`	$1.94K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.23M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.07M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-226.16K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$295.64K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.85M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.52M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.54M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.07M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$3.14M	USD	2 Qtrs
Revenues	`Revenues`	$1.91M	USD	2 Qtrs
Revenues	`Revenues`	$1.11M	USD	1 Quarter
Revenues	`Revenues`	$1.72M	USD	1 Quarter
Cost of services	`CostOfServices`	$409.44K	USD	1 Quarter
Cost of services	`CostOfServices`	$766.13K	USD	2 Qtrs
Cost of services	`CostOfServices`	$911.71K	USD	2 Qtrs
Cost of services	`CostOfServices`	$512.82K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.14M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$699.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$2.22M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$668.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$386.67K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$795.27K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$378.73K	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$379.59K	USD	2 Qtrs
Sales and marketing expenses	`SellingAndMarketingExpense`	$178.57K	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$225.38K	USD	1 Quarter
Sales and marketing expenses	`SellingAndMarketingExpense`	$437.91K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$67.52K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$35.43K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$32.59K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$71.50K	USD	2 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$1.18M	USD	2 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$1.24M	USD	2 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$639.54K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$597.83K	USD	1 Quarter
Net Operating income (loss)	`OperatingIncomeLoss`	$613.14K	USD	1 Quarter
Net Operating income (loss)	`OperatingIncomeLoss`	$59.46K	USD	1 Quarter
Net Operating income (loss)	`OperatingIncomeLoss`	$-38.51K	USD	2 Qtrs
Net Operating income (loss)	`OperatingIncomeLoss`	$980.92K	USD	2 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$2.54K	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$2.30K	USD	2 Qtrs
Interest income (expense), net	`InterestIncomeExpenseNet`	$490.00	USD	1 Quarter
Interest income (expense), net	`InterestIncomeExpenseNet`	$4.03K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$490.00	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$4.03K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$2.30K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$2.54K	USD	1 Quarter
Net income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$59.95K	USD	1 Quarter
Net income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-34.49K	USD	2 Qtrs
Net income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$983.22K	USD	2 Qtrs
Net income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$615.68K	USD	1 Quarter
Income tax (expense) benefit	`CurrentIncomeTaxExpenseBenefit`	$-13.50K	USD	2 Qtrs
Income tax (expense) benefit	`CurrentIncomeTaxExpenseBenefit`	$403.00K	USD	2 Qtrs
Income tax (expense) benefit	`CurrentIncomeTaxExpenseBenefit`	$251.00K	USD	1 Quarter
Income tax (expense) benefit	`CurrentIncomeTaxExpenseBenefit`	$24.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-20.99K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$364.68K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$580.22K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$35.95K	USD	1 Quarter
Income (loss) per share - basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Income (loss) per share - basic	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Income (loss) per share - basic	`EarningsPerShareBasic`	$0.30	USD	2 Qtrs
Income (loss) per share - basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Income (loss) per share - fully diluted	`EarningsPerShareDiluted`	$0.28	USD	2 Qtrs
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.93M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.95M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.95M	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`	2.07M	shares	1 Quarter
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.06M	shares	1 Quarter
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.04M	shares	2 Qtrs
Weighted average number of common shares outstanding - fully diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.87M	shares	2 Qtrs

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-20.99K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$364.68K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$580.22K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$35.95K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$71.50K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$67.52K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$45.15K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$81.75K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-36.09K	USD	2 Qtrs
Stock-based expense	`ShareBasedCompensation`	$184.69K	USD	1 Quarter
Stock-based expense	`ShareBasedCompensation`	$266.60K	USD	2 Qtrs
Stock-based expense	`ShareBasedCompensation`	$156.09K	USD	2 Qtrs
Stock-based expense	`ShareBasedCompensation`	$89.83K	USD	1 Quarter
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$126.35K	USD	2 Qtrs
Decrease (increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$370.81K	USD	2 Qtrs
Decrease (increase) in deposits and prepaids	`IncreaseDecreaseInOtherOperatingAssets`	$-60.77K	USD	2 Qtrs
Decrease (increase) in deposits and prepaids	`IncreaseDecreaseInOtherOperatingAssets`	$24.59K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-20.26K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$33.09K	USD	2 Qtrs
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$13.02K	USD	2 Qtrs
Increase (decrease) in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-112.17K	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-48.51K	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-126.64K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$487.79K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.52K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$29.93K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.14K	USD	2 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$280.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-284.14K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.93K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$26.38K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$64.00	USD	2 Qtrs
Payment of dividend	`PaymentsOfDividends`	$270.59K	USD	Annual
Payment of dividend	`PaymentsOfDividends`	$57.85K	USD	2 Qtrs
Payment of dividend	`PaymentsOfDividends`	$58.42K	USD	2 Qtrs
Advance on line of credit	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Advance on line of credit	`ProceedsFromLinesOfCredit`	$275.00K	USD	2 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$150.00K	USD	2 Qtrs
Repayment of line of credit	`RepaymentsOfLinesOfCredit`	$10.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-208.35K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$233.52K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-49.09K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$249.51K	USD	2 Qtrs
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$813.29K	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.50M	USD	Point-in-time
Cash - beginning	`CashAndCashEquivalentsAtCarryingValue`	$862.39K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$813.29K	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$1.50M	USD	Point-in-time
Cash - ending	`CashAndCashEquivalentsAtCarryingValue`	$862.39K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$2.36K	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`	$382.31K	USD	2 Qtrs
Common stock issued for acquisition of customer list	`CommonStockIssuedForAcquisitionOfCustomerList`	-	USD	2 Qtrs
Common stock issued for acquisition of customer list	`CommonStockIssuedForAcquisitionOfCustomerList`	$140.00K	USD	2 Qtrs
Common stock issued for services	`StockIssued1`	-	USD	2 Qtrs
Common stock issued for services	`StockIssued1`	$31.15K	USD	2 Qtrs

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