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10-Q Filing

QXO, INC. CIK: 1236275 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001185185-13-001110
Period End Date 20130331
Filing Date 20130515
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance ssnt-20130331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts, value (in Dollars) AllowanceForDoubtfulAccountsReceivableCurrent $80.00K USD Point-in-time
Allowance for doubtful accounts, value (in Dollars) AllowanceForDoubtfulAccountsReceivableCurrent $80.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $4.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $261.00K USD Point-in-time
Accumulated depreciation on property, plant and equipment (in Dollars) AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $711.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $100.00K USD Point-in-time
Accumulated depreciation on property, plant and equipment (in Dollars) AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $685.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $234.00K USD Point-in-time
Accounts receivable, net of allowance of $80 AccountsReceivableNetCurrent $1.51M USD Point-in-time
Accumulated amortization on intangible assets (in Dollars) FiniteLivedIntangibleAssetsAccumulatedAmortization $152.00K USD Point-in-time
Accounts receivable, net of allowance of $80 AccountsReceivableNetCurrent $1.19M USD Point-in-time
Accumulated amortization on intangible assets (in Dollars) FiniteLivedIntangibleAssetsAccumulatedAmortization $104.00K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssets $156.00K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssets $132.00K USD Point-in-time
Total current assets AssetsCurrent $1.61M USD Point-in-time
Total current assets AssetsCurrent $1.65M USD Point-in-time
Property and equipment, net of accumulated depreciation of $711 and $685 PropertyPlantAndEquipmentNet $263.00K USD Point-in-time
Property and equipment, net of accumulated depreciation of $711 and $685 PropertyPlantAndEquipmentNet $250.00K USD Point-in-time
Intangible assets, net of accumulated amortization of $152 and $104 IntangibleAssetsNetExcludingGoodwill $884.00K USD Point-in-time
Intangible assets, net of accumulated amortization of $152 and $104 IntangibleAssetsNetExcludingGoodwill $836.00K USD Point-in-time
Deposits and other assets OtherAssetsNoncurrent $22.00K USD Point-in-time
Deposits and other assets OtherAssetsNoncurrent $22.00K USD Point-in-time
Total assets Assets $2.80M USD Point-in-time
Total assets Assets $2.73M USD Point-in-time
Bank line of credit LinesOfCreditCurrent $179.00K USD Point-in-time
Bank line of credit LinesOfCreditCurrent - USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $1.96M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $1.74M USD Point-in-time
Accrued interest InterestPayableCurrent $12.00K USD Point-in-time
Accrued interest InterestPayableCurrent $13.00K USD Point-in-time
Capital lease obligations CapitalLeaseObligationsCurrent $89.00K USD Point-in-time
Capital lease obligations CapitalLeaseObligationsCurrent $93.00K USD Point-in-time
Deferred revenue DeferredRevenueCurrent $1.53M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $1.36M USD Point-in-time
Notes payable to related party NotesPayableRelatedPartiesClassifiedCurrent $20.00K USD Point-in-time
Notes payable to related party NotesPayableRelatedPartiesClassifiedCurrent $20.00K USD Point-in-time
Total current liabilities Liabilities $3.62M USD Point-in-time
Total current liabilities Liabilities $3.40M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Total stockholders deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-815.00K USD Point-in-time
Total stockholders deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-666.00K USD Point-in-time
Total liabilities and stockholders deficit LiabilitiesAndStockholdersEquity $2.73M USD Point-in-time
Total liabilities and stockholders deficit LiabilitiesAndStockholdersEquity $2.80M USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Software product, net SalesRevenueGoodsNet $359.00K USD 1 Quarter
Software product, net SalesRevenueGoodsNet $716.00K USD 1 Quarter
Service, net SalesRevenueServicesNet $3.33M USD 1 Quarter
Service, net SalesRevenueServicesNet $2.55M USD 1 Quarter
Total revenues, net SalesRevenueNet $4.04M USD 1 Quarter
Total revenues, net SalesRevenueNet $2.91M USD 1 Quarter
Product CostOfGoodsSold $342.00K USD 1 Quarter
Product CostOfGoodsSold $169.00K USD 1 Quarter
Service CostOfServices $1.56M USD 1 Quarter
Service CostOfServices $2.07M USD 1 Quarter
Total cost of revenues CostOfRevenue $2.41M USD 1 Quarter
Total cost of revenues CostOfRevenue $1.73M USD 1 Quarter
Gross profit GrossProfit $1.18M USD 1 Quarter
Gross profit GrossProfit $1.64M USD 1 Quarter
Selling and marketing expenses SellingExpense $730.00K USD 1 Quarter
Selling and marketing expenses SellingExpense $515.00K USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $616.00K USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $693.00K USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $4.00K USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $719.00K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $76.00K USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $19.00K USD 1 Quarter
Total selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.87M USD 1 Quarter
Total selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $1.50M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $132.00K USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $-686.00K USD 1 Quarter
Amortization of debt discount AmortizationOfDebtDiscountPremium $4.00K USD 1 Quarter
Amortization of debt discount AmortizationOfDebtDiscountPremium - USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-18.00K USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-16.00K USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-16.00K USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-22.00K USD 1 Quarter
Net income (loss) ProfitLoss $-708.00K USD 1 Quarter
Net income (loss) ProfitLoss $116.00K USD 1 Quarter
Net income (loss) per common share basic and fully diluted (in Dollars per share) EarningsPerShareBasicAndDiluted - USD 1 Quarter
Net income (loss) per common share basic and fully diluted (in Dollars per share) EarningsPerShareBasicAndDiluted $-0.01 USD 1 Quarter
Basic (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 116.95M shares 1 Quarter
Basic (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 110.85M shares 1 Quarter
Diluted (in Shares) WeightedAverageNumberOfDilutedSharesOutstanding 117.15M shares 1 Quarter
Diluted (in Shares) WeightedAverageNumberOfDilutedSharesOutstanding 110.85M shares 1 Quarter
Cash Flow Statement 52 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $-708.00K USD 1 Quarter
Net income (loss) ProfitLoss $116.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $76.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $19.00K USD 1 Quarter
Amortization of debt discount AmortizationOfFinancingCostsAndDiscounts - USD 1 Quarter
Amortization of debt discount AmortizationOfFinancingCostsAndDiscounts $4.00K USD 1 Quarter
Share-based compensation ShareBasedCompensation $4.00K USD 1 Quarter
Share-based compensation ShareBasedCompensation $719.00K USD 1 Quarter
Common stock issued for services CommonStockIssuedForServices $5.00K USD 1 Quarter
Common stock issued for services CommonStockIssuedForServices - USD 1 Quarter
Stock warrants issued in exchange for services IssuanceOfStockAndWarrantsForServicesOrClaims $28.00K USD 1 Quarter
Stock warrants issued in exchange for services IssuanceOfStockAndWarrantsForServicesOrClaims - USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-319.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $283.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $24.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-75.00K USD 1 Quarter
Deposits and other assets IncreaseDecreaseInOtherNoncurrentAssets $-10.00K USD 1 Quarter
Deposits and other assets IncreaseDecreaseInOtherNoncurrentAssets - USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-225.00K USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-84.00K USD 1 Quarter
Accrued interest IncreaseDecreaseInInterestPayableNet $3.00K USD 1 Quarter
Accrued interest IncreaseDecreaseInInterestPayableNet $1.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $176.00K USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $194.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $471.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-46.00K USD 1 Quarter
Acquisition of intangible assets PaymentsToAcquireIntangibleAssets - USD 1 Quarter
Acquisition of intangible assets PaymentsToAcquireIntangibleAssets $31.00K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $22.00K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $48.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-22.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-79.00K USD 1 Quarter
Repayment of bank line of credit RepaymentsOfLinesOfCredit - USD 1 Quarter
Repayment of bank line of credit RepaymentsOfLinesOfCredit $179.00K USD 1 Quarter
Principal payments under capital leases obligations RepaymentsOfLongTermCapitalLeaseObligations $13.00K USD 1 Quarter
Principal payments under capital leases obligations RepaymentsOfLongTermCapitalLeaseObligations $9.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-9.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-192.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-134.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $257.00K USD 1 Quarter
Cash and cash equivalents beginning of period CashAndCashEquivalentsAtCarryingValue $4.00K USD Point-in-time
Cash and cash equivalents beginning of period CashAndCashEquivalentsAtCarryingValue $261.00K USD Point-in-time
Cash and cash equivalents beginning of period CashAndCashEquivalentsAtCarryingValue $100.00K USD Point-in-time
Cash and cash equivalents beginning of period CashAndCashEquivalentsAtCarryingValue $234.00K USD Point-in-time
Cash and cash equivalents end of period CashAndCashEquivalentsAtCarryingValue $4.00K USD Point-in-time
Cash and cash equivalents end of period CashAndCashEquivalentsAtCarryingValue $261.00K USD Point-in-time
Cash and cash equivalents end of period CashAndCashEquivalentsAtCarryingValue $100.00K USD Point-in-time
Cash and cash equivalents end of period CashAndCashEquivalentsAtCarryingValue $234.00K USD Point-in-time
Interest expense InterestPaid $16.00K USD 1 Quarter
Interest expense InterestPaid - USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter

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

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