10-Q Filing

QXO, INC. CIK: 1236275 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001185185-13-002424`
Period End Date	20130930
Filing Date	20131113
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	ssnt-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 92 Cash Flow Statement 68

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$80.00K	USD	Point-in-time
Accounts receivable, allowance (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$80.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$233.72K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.48K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$938.01K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$101.34K	USD	Point-in-time
Accounts receivable, net of allowance of $80,000	`AccountsReceivableNetCurrent`	$1.51M	USD	Point-in-time
Accounts receivable, net of allowance of $80,000	`AccountsReceivableNetCurrent`	$1.17M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$214.44K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$131.52K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.65M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$250.23K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$255.62K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$737.28K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$884.51K	USD	Point-in-time
Deposits and other assets	`OtherAssetsNoncurrent`	$22.16K	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`	$3.34M	USD	Point-in-time
Bank line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Bank line of credit	`LinesOfCreditCurrent`	$178.63K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.96M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.78M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$13.21K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$12.42K	USD	Point-in-time
Capital lease obligations current portion	`CapitalLeaseObligationsCurrent`	$48.26K	USD	Point-in-time
Capital lease obligations current portion	`CapitalLeaseObligationsCurrent`	$42.59K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$175.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.74M	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	`LiabilitiesCurrent`	$3.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.57M	USD	Point-in-time
Capital lease obligations long-term	`CapitalLeaseObligationsNoncurrent`	$46.24K	USD	Point-in-time
Capital lease obligations long-term	`CapitalLeaseObligationsNoncurrent`	$46.74K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$145.75K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$3.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.97M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.53M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-814.53K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-631.29K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$2.80M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$3.34M	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Product, net	`SalesRevenueGoodsNet`	$851.66K	USD	1 Quarter
Product, net	`SalesRevenueGoodsNet`	$2.24M	USD	3 Qtrs
Product, net	`SalesRevenueGoodsNet`	$1.67M	USD	3 Qtrs
Product, net	`SalesRevenueGoodsNet`	$995.14K	USD	1 Quarter
Service, net	`SalesRevenueServicesNet`	$7.78M	USD	3 Qtrs
Service, net	`SalesRevenueServicesNet`	$10.05M	USD	3 Qtrs
Service, net	`SalesRevenueServicesNet`	$3.38M	USD	1 Quarter
Service, net	`SalesRevenueServicesNet`	$2.62M	USD	1 Quarter
Total revenues, net	`SalesRevenueNet`	$3.47M	USD	1 Quarter
Total revenues, net	`SalesRevenueNet`	$4.37M	USD	1 Quarter
Total revenues, net	`SalesRevenueNet`	$12.29M	USD	3 Qtrs
Total revenues, net	`SalesRevenueNet`	$9.45M	USD	3 Qtrs
Product	`CostOfGoodsSold`	$433.32K	USD	1 Quarter
Product	`CostOfGoodsSold`	$1.15M	USD	3 Qtrs
Product	`CostOfGoodsSold`	$806.55K	USD	3 Qtrs
Product	`CostOfGoodsSold`	$563.86K	USD	1 Quarter
Service	`CostOfServices`	$1.65M	USD	1 Quarter
Service	`CostOfServices`	$6.27M	USD	3 Qtrs
Service	`CostOfServices`	$4.77M	USD	3 Qtrs
Service	`CostOfServices`	$2.18M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$2.74M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$5.58M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$2.08M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$7.42M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.63M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.87M	USD	3 Qtrs
Gross profit	`GrossProfit`	$4.87M	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.39M	USD	1 Quarter
Selling expenses	`SellingExpense`	$926.74K	USD	1 Quarter
Selling expenses	`SellingExpense`	$2.35M	USD	3 Qtrs
Selling expenses	`SellingExpense`	$1.61M	USD	3 Qtrs
Selling expenses	`SellingExpense`	$523.35K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$677.03K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.13M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.90M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$668.53K	USD	1 Quarter
Shared-based compensation	`ShareBasedCompensation`	$25.40K	USD	1 Quarter
Shared-based compensation	`ShareBasedCompensation`	$1.13M	USD	3 Qtrs
Shared-based compensation	`ShareBasedCompensation`	$34.21K	USD	3 Qtrs
Shared-based compensation	`ShareBasedCompensation`	$4.40K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$218.60K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$114.38K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$62.62K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$72.40K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.73M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.69M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.75M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.27M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$119.21K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-62.08K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$146.90K	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-886.16K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$4.25K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-16.40K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-20.14K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-49.00K	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-51.40K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-16.40K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-51.40K	USD	3 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-20.14K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-53.25K	USD	3 Qtrs
Net income (loss) before income tax provision (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-82.22K	USD	1 Quarter
Net income (loss) before income tax provision (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$102.81K	USD	1 Quarter
Net income (loss) before income tax provision (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$95.50K	USD	3 Qtrs
Net income (loss) before income tax provision (benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-939.41K	USD	3 Qtrs
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$102.81K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$95.50K	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-82.22K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-939.41K	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	3 Qtrs
Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	3 Qtrs
Fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Fully diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	117.06M	shares	3 Qtrs
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	116.95M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	117.20M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	114.87M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	131.28M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.20M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	117.06M	shares	3 Qtrs
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	114.87M	shares	3 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$102.81K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$95.50K	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-82.22K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-939.41K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$71.37K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$61.78K	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$49.40K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$52.60K	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$46.30K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$147.23K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$4.25K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$25.40K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.13M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$34.21K	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$4.40K	USD	1 Quarter
Common stock issued for services	`CommonStockIssuedForServices`	$20.00K	USD	3 Qtrs
Common stock issued for services	`CommonStockIssuedForServices`	-	USD	3 Qtrs
Stock warrants issued in exchange for services	`StockWarrantsCompensation`	$31.09K	USD	3 Qtrs
Stock warrants issued in exchange for services	`StockWarrantsCompensation`	$28.53K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$786.54K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-335.83K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.52K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$82.92K	USD	3 Qtrs
Deposits and other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-20.44K	USD	3 Qtrs
Deposits and other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$161.00	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-153.77K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$380.61K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$788.00	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$5.21K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$169.06K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$385.40K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$862.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$153.46K	USD	3 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$157.26K	USD	3 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Acquisition of new business	`PaymentsToAcquireBusinessesGross`	-	USD	3 Qtrs
Acquisition of new business	`PaymentsToAcquireBusinessesGross`	$441.96K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.08K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.38K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-655.30K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.38K	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$403.01K	USD	3 Qtrs
Repayment of bank line of credit	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Repayment of bank line of credit	`RepaymentsOfLinesOfCredit`	$178.63K	USD	3 Qtrs
Proceeds from term loan	`ProceedsFromBankDebt`	$350.00K	USD	3 Qtrs
Proceeds from term loan	`ProceedsFromBankDebt`	-	USD	3 Qtrs
Repayment of term loan	`RepaymentsOfBankDebt`	-	USD	3 Qtrs
Repayment of term loan	`RepaymentsOfBankDebt`	$29.25K	USD	3 Qtrs
Principal payments under capital leases obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$33.55K	USD	3 Qtrs
Principal payments under capital leases obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$39.22K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$369.45K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$102.90K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$933.52K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-132.38K	USD	3 Qtrs
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$233.72K	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.48K	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$938.01K	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$101.34K	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$233.72K	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.48K	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$938.01K	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$101.34K	USD	Point-in-time
Interest expense	`InterestPaid`	$29.49K	USD	3 Qtrs
Interest expense	`InterestPaid`	$50.52K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs

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