10-Q Filing

ACCESS Newswire Inc. CIK: 843006 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001654954-22-006125`
Period End Date	20220331
Filing Date	20220505
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	isdr_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 34 Cash Flow Statement 46 Stockholders Equity 19 Comprehensive Income 6

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance For Accounts Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$774.00K	USD	Point-in-time
Allowance For Accounts Receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$675.00K	USD	Point-in-time
Accumulated Amortization - Capitalized Software	`CapitalizedComputerSoftwareAccumulatedAmortization`	$3.30M	USD	Point-in-time
Accumulated Amortization - Capitalized Software	`CapitalizedComputerSoftwareAccumulatedAmortization`	$3.32M	USD	Point-in-time
Cash And Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.85M	USD	Point-in-time
Cash And Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.27M	USD	Point-in-time
Cash And Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.55M	USD	Point-in-time
Accumulated Depreciation - Fixed Assets	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$456.00K	USD	Point-in-time
Cash And Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.56M	USD	Point-in-time
Accumulated Depreciation - Fixed Assets	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$494.00K	USD	Point-in-time
Accounts Receivable (net Of Allowance For Doubtful Accounts Of $774 And $675, Respectively)	`AccountsReceivableNet`	$3.29M	USD	Point-in-time
Accounts Receivable (net Of Allowance For Doubtful Accounts Of $774 And $675, Respectively)	`AccountsReceivableNet`	$3.95M	USD	Point-in-time
Accumulated Amortization - Intangible Assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$6.00M	USD	Point-in-time
Accumulated Amortization - Intangible Assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$6.11M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$750.00K	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
Other Current Assets	`OtherAssetsCurrent`	$879.00K	USD	Point-in-time
Preferred Stock Shares, Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock Shares, Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$29.10M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$27.89M	USD	Point-in-time
Capitalized Software (net Of Accumulated Amortization Of $3,317 And $3,301, Respectively)	`CapitalizedComputerSoftwareNet`	$201.00K	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
Capitalized Software (net Of Accumulated Amortization Of $3,317 And $3,301, Respectively)	`CapitalizedComputerSoftwareNet`	$185.00K	USD	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
Fixed Assets (net Of Accumulated Depreciation Of $494 And $456, Respectively)	`PropertyPlantAndEquipmentNet`	$696.00K	USD	Point-in-time
Fixed Assets (net Of Accumulated Depreciation Of $494 And $456, Respectively)	`PropertyPlantAndEquipmentNet`	$713.00K	USD	Point-in-time
Common Stock Shares, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Right-of-use Asset - Leases	`OperatingLeaseRightOfUseAsset`	$1.47M	USD	Point-in-time
Common Stock Shares, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Right-of-use Asset - Leases	`OperatingLeaseRightOfUseAsset`	$1.53M	USD	Point-in-time
Common Stock Shares, Authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common Stock Shares, Authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Other Long-term Assets	`OtherAssetsNoncurrent`	$83.00K	USD	Point-in-time
Other Long-term Assets	`OtherAssetsNoncurrent`	$94.00K	USD	Point-in-time
Common Stock Shares, Issued	`CommonStockSharesIssued`	3.79M	shares	Point-in-time
Goodwill	`Goodwill`	$6.38M	USD	Point-in-time
Goodwill	`Goodwill`	$6.38M	USD	Point-in-time
Common Stock Shares, Issued	`CommonStockSharesIssued`	3.79M	shares	Point-in-time
Common Stock Shares, Outstanding	`CommonStockSharesOutstanding`	3.79M	shares	Point-in-time
Intangible Assets (net Of Accumulated Amortization Of $6,113 And $6,005, Respectively)	`IntangibleAssetsNetExcludingGoodwill`	$2.34M	USD	Point-in-time
Intangible Assets (net Of Accumulated Amortization Of $6,113 And $6,005, Respectively)	`IntangibleAssetsNetExcludingGoodwill`	$2.45M	USD	Point-in-time
Common Stock Shares, Outstanding	`CommonStockSharesOutstanding`	3.79M	shares	Point-in-time
Total Assets	`Assets`	$40.25M	USD	Point-in-time
Total Assets	`Assets`	$39.26M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$850.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$695.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$1.79M	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$1.98M	USD	Point-in-time
Income Taxes Payable	`AccruedIncomeTaxesCurrent`	$261.00K	USD	Point-in-time
Income Taxes Payable	`AccruedIncomeTaxesCurrent`	$46.00K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$3.42M	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$3.09M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.80M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.32M	USD	Point-in-time
Deferred Income Tax Liability	`DeferredTaxLiabilityNoncurrent`	$141.00K	USD	Point-in-time
Deferred Income Tax Liability	`DeferredTaxLiabilityNoncurrent`	$176.00K	USD	Point-in-time
Lease Liabilities - Long-term	`OperatingLeaseLiabilityNoncurrent`	$1.66M	USD	Point-in-time
Lease Liabilities - Long-term	`OperatingLeaseLiabilityNoncurrent`	$1.58M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.64M	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.04M	USD	Point-in-time
Preferred Stock, $0.001 Par Value, 1,000,000 Shares Authorized, No Shares Issued And Outstanding As Of March 31, 2022 And December 31, 2021, Respectively.	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $0.001 Par Value, 1,000,000 Shares Authorized, No Shares Issued And Outstanding As Of March 31, 2022 And December 31, 2021, Respectively.	`PreferredStockValue`	-	USD	Point-in-time
Common Stock $0.001 Par Value, 20,000,000 Shares Authorized, 3,794,838 And 3,793,538 Shares Issued And Outstanding As Of March 31, 2022 And December 31, 2021, Respectively.	`CommonStockValue`	$4.00K	USD	Point-in-time
Common Stock $0.001 Par Value, 20,000,000 Shares Authorized, 3,794,838 And 3,793,538 Shares Issued And Outstanding As Of March 31, 2022 And December 31, 2021, Respectively.	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$22.40M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$22.46M	USD	Point-in-time
Other Accumulated Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.00K	USD	Point-in-time
Other Accumulated Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.00K	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$9.75M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$9.23M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$28.50M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$32.20M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$31.62M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$28.14M	USD	Point-in-time
Total Liabilities And Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$40.25M	USD	Point-in-time
Total Liabilities And Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$39.26M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$5.29M	USD	1 Quarter
Revenues	`Revenues`	$4.98M	USD	1 Quarter
Cost Of Revenues	`CostOfRevenue`	$1.23M	USD	1 Quarter
Cost Of Revenues	`CostOfRevenue`	$1.39M	USD	1 Quarter
Gross Profit	`GrossProfit`	$3.59M	USD	1 Quarter
Gross Profit	`GrossProfit`	$4.06M	USD	1 Quarter
General And Administrative	`GeneralAndAdministrativeExpense`	$1.40M	USD	1 Quarter
General And Administrative	`GeneralAndAdministrativeExpense`	$1.68M	USD	1 Quarter
Sales And Marketing	`SellingAndMarketingExpense`	$1.26M	USD	1 Quarter
Sales And Marketing	`SellingAndMarketingExpense`	$1.07M	USD	1 Quarter
Product Development	`ResearchAndDevelopmentExpense`	$249.00K	USD	1 Quarter
Product Development	`ResearchAndDevelopmentExpense`	$275.00K	USD	1 Quarter
Depreciation And Amortization	`DepreciationAndAmortization`	$152.00K	USD	1 Quarter
Depreciation And Amortization	`DepreciationAndAmortization`	$146.00K	USD	1 Quarter
Total Operating Costs And Expenses	`OperatingExpenses`	$2.88M	USD	1 Quarter
Total Operating Costs And Expenses	`OperatingExpenses`	$3.37M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$707.00K	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$688.00K	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$2.00K	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$1.00K	USD	1 Quarter
Net Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$708.00K	USD	1 Quarter
Net Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$690.00K	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$174.00K	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$163.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$516.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$545.00K	USD	1 Quarter
Income Per Share - Basic	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Income Per Share - Basic	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Income Per Share - Fully Diluted	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Income Per Share - Fully Diluted	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Weighted Average Number Of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3,769.00	shares	1 Quarter
Weighted Average Number Of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	3,794.00	shares	1 Quarter
Weighted Average Number Of Common Shares Outstanding - Fully Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3,817.00	shares	1 Quarter
Weighted Average Number Of Common Shares Outstanding - Fully Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3,834.00	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$516.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$545.00K	USD	1 Quarter
Depreciation And Amortization	`DepreciationDepletionAndAmortization`	$285.00K	USD	1 Quarter
Depreciation And Amortization	`DepreciationDepletionAndAmortization`	$162.00K	USD	1 Quarter
Bad Debt Expense	`ProvisionForDoubtfulAccounts`	$101.00K	USD	1 Quarter
Bad Debt Expense	`ProvisionForDoubtfulAccounts`	$28.00K	USD	1 Quarter
Deferred Income Taxes	`DeferredIncomeTaxExpenseBenefit`	$-15.00K	USD	1 Quarter
Deferred Income Taxes	`DeferredIncomeTaxExpenseBenefit`	$-35.00K	USD	1 Quarter
Stock-based Compensation Expense	`ShareBasedCompensation`	$184.00K	USD	1 Quarter
Stock-based Compensation Expense	`ShareBasedCompensation`	$63.00K	USD	1 Quarter
Decrease (increase) In Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$484.00K	USD	1 Quarter
Decrease (increase) In Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$752.00K	USD	1 Quarter
Decrease (increase) In Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$55.00K	USD	1 Quarter
Decrease (increase) In Other Assets	`IncreaseDecreaseInOtherOperatingAssets`	$16.00K	USD	1 Quarter
Increase (decrease) In Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$287.00K	USD	1 Quarter
Increase (decrease) In Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$154.00K	USD	1 Quarter
Increase (decrease) In Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$398.00K	USD	1 Quarter
Increase (decrease) In Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-53.00K	USD	1 Quarter
Increase (decrease) In Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$326.00K	USD	1 Quarter
Increase (decrease) In Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$178.00K	USD	1 Quarter
Net Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$548.00K	USD	1 Quarter
Net Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$1.27M	USD	1 Quarter
Purchase Of Fixed Assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.00K	USD	1 Quarter
Purchase Of Fixed Assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.00K	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.00K	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.00K	USD	1 Quarter
Exercise Of Stock Options	`ProceedsFromStockOptionsExercised`	$58.00K	USD	1 Quarter
Exercise Of Stock Options	`ProceedsFromStockOptionsExercised`	$199.00K	USD	1 Quarter
Payment For Stock Repurchase And Retirement	`PaymentsForRepurchaseOfCommonStock`	$182.00K	USD	1 Quarter
Payment For Stock Repurchase And Retirement	`PaymentsForRepurchaseOfCommonStock`	$452.00K	USD	1 Quarter
Net Cash Used In Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-124.00K	USD	1 Quarter
Net Cash Used In Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-253.00K	USD	1 Quarter
Net Change In Cash And Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$403.00K	USD	1 Quarter
Net Change In Cash And Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.00M	USD	1 Quarter
Cash And Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$23.85M	USD	Point-in-time
Cash And Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$24.27M	USD	Point-in-time
Cash And Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$20.55M	USD	Point-in-time
Cash And Cash Equivalents - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$19.56M	USD	Point-in-time
Currency Translation Adjustment	`EffectOfExchangeRatesOnCash`	$-8.00K	USD	1 Quarter
Currency Translation Adjustment	`EffectOfExchangeRatesOnCash`	$16.00K	USD	1 Quarter
Cash And Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$23.85M	USD	Point-in-time
Cash And Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$24.27M	USD	Point-in-time
Cash And Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$20.55M	USD	Point-in-time
Cash And Cash Equivalents - Ending	`CashAndCashEquivalentsAtCarryingValue`	$19.56M	USD	Point-in-time
Cash Paid For Income Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash Paid For Income Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance, Amount	`StockholdersEquity`	$28.50M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$32.20M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$31.62M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$28.14M	USD	Point-in-time
Stock-based Compensation Expense	`StockBasedCompensationExpense`	$63.00K	USD	1 Quarter
Stock-based Compensation Expense	`StockBasedCompensationExpense`	$184.00K	USD	1 Quarter
Exercise Of Stock Awards, Net Of Tax, Amount	`ExerciseOfStockAwardsNetOfTaxAmount`	$199.00K	USD	1 Quarter
Exercise Of Stock Awards, Net Of Tax, Amount	`ExerciseOfStockAwardsNetOfTaxAmount`	$58.00K	USD	1 Quarter
Stock Repurchase And Retirement (see Note 3), Shares	`StockRepurchasedAndRetiredDuringPeriodShares`	179,845.00	shares	1 Quarter
Stock Repurchase And Retirement (see Note 3), Amount	`StockRepurchasedAndRetiredDuringPeriodValue`	$-182.00K	USD	1 Quarter
Stock Repurchase And Retirement (see Note 3), Amount	`StockRepurchasedAndRetiredDuringPeriodValue`	$-452.00K	USD	1 Quarter
Foreign Currency Translation	`ForeignCurrencyTranslation`	$7.00K	USD	1 Quarter
Foreign Currency Translation	`ForeignCurrencyTranslation`	$3.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$516.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$545.00K	USD	1 Quarter
Balance, Amount	`StockholdersEquity`	$28.50M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$32.20M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$31.62M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$28.14M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$516.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$545.00K	USD	1 Quarter
Foreign Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$3.00K	USD	1 Quarter
Foreign Currency Translation Adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$7.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$523.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$548.00K	USD	1 Quarter

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