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10-Q Filing

QXO, INC. CIK: 1236275 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001185185-16-004597
Period End Date 20160331
Filing Date 20160516
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance ssnt-20160331.xml
Filing Contents
Balance Sheet 84 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance (in Dollars) AllowanceForDoubtfulAccountsReceivableCurrent $375.00K USD Point-in-time
Preferred stock, authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Preferred stock, authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $673.54K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.31M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.38M USD Point-in-time
Preferred stock, par value (in Dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value (in Dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.19M USD Point-in-time
Accounts receivable, net of allowance of $375,000 AccountsReceivableNetCurrent $2.48M USD Point-in-time
Accounts receivable, net of allowance of $375,000 AccountsReceivableNetCurrent $2.58M USD Point-in-time
Unbilled services UnbilledReceivablesCurrent $741.54K USD Point-in-time
Unbilled services UnbilledReceivablesCurrent $678.68K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $443.62K USD Point-in-time
Par value (in Dollars per share) CommonStockParOrStatedValuePerShare - USD Point-in-time
Par value (in Dollars per share) CommonStockParOrStatedValuePerShare - USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $306.33K USD Point-in-time
Authorized CommonStockSharesAuthorized 75.00M shares Point-in-time
Authorized CommonStockSharesAuthorized 75.00M shares Point-in-time
Deferred tax asset current DeferredTaxAssetsLiabilitiesNetCurrent $38.00K USD Point-in-time
Deferred tax asset current DeferredTaxAssetsLiabilitiesNetCurrent $38.00K USD Point-in-time
Issued CommonStockSharesIssued 4.41M shares Point-in-time
Issued CommonStockSharesIssued 4.41M shares Point-in-time
Total current assets AssetsCurrent $4.27M USD Point-in-time
Total current assets AssetsCurrent $4.89M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $425.35K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $516.77K USD Point-in-time
Outstanding CommonStockSharesOutstanding 4.41M shares Point-in-time
Outstanding CommonStockSharesOutstanding 4.41M shares Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.50M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.57M USD Point-in-time
Goodwill Goodwill $401.00K USD Point-in-time
Goodwill Goodwill $401.00K USD Point-in-time
Deferred tax assets DeferredTaxAssetsLiabilitiesNetNoncurrent $162.00K USD Point-in-time
Deferred tax assets DeferredTaxAssetsLiabilitiesNetNoncurrent $152.50K USD Point-in-time
Deposits and other assets OtherAssetsNoncurrent $29.89K USD Point-in-time
Deposits and other assets OtherAssetsNoncurrent $29.89K USD Point-in-time
Total assets Assets $8.48M USD Point-in-time
Total assets Assets $7.87M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.64M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.59M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $821.59K USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $702.78K USD Point-in-time
Accrued interest InterestPayableCurrent $14.82K USD Point-in-time
Accrued interest InterestPayableCurrent $16.66K USD Point-in-time
Income taxes payable TaxesPayableCurrent $250.28K USD Point-in-time
Income taxes payable TaxesPayableCurrent $301.63K USD Point-in-time
Bank line of credit LinesOfCreditCurrent - USD Point-in-time
Bank line of credit LinesOfCreditCurrent - USD Point-in-time
Contingent consideration current portion BusinessCombinationContingentConsiderationLiabilityCurrent $125.65K USD Point-in-time
Contingent consideration current portion BusinessCombinationContingentConsiderationLiabilityCurrent $128.43K USD Point-in-time
Long term debt - current portion LongTermDebtCurrent $300.03K USD Point-in-time
Long term debt - current portion LongTermDebtCurrent $301.68K USD Point-in-time
Capital lease obligations current portion CapitalLeaseObligationsCurrent $86.34K USD Point-in-time
Capital lease obligations current portion CapitalLeaseObligationsCurrent $90.17K USD Point-in-time
Deferred revenue DeferredRevenueCurrent $2.09M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $2.37M USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.57M USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.27M USD Point-in-time
Contingent consideration net of current portion BusinessCombinationContingentConsiderationLiabilityNoncurrent $272.21K USD Point-in-time
Contingent consideration net of current portion BusinessCombinationContingentConsiderationLiabilityNoncurrent $241.74K USD Point-in-time
Long term debt net of current portion LongTermDebtNoncurrent $793.15K USD Point-in-time
Long term debt net of current portion LongTermDebtNoncurrent $717.11K USD Point-in-time
Capital lease obligations net of current portion CapitalLeaseObligationsNoncurrent $92.44K USD Point-in-time
Capital lease obligations net of current portion CapitalLeaseObligationsNoncurrent $71.77K USD Point-in-time
Convertible note payable ConvertibleLongTermNotesPayable $200.00K USD Point-in-time
Convertible note payable ConvertibleLongTermNotesPayable $200.00K USD Point-in-time
Total liabilities Liabilities $6.50M USD Point-in-time
Total liabilities Liabilities $6.93M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock, value PreferredStockValue - USD Point-in-time
Preferred stock, value PreferredStockValue - USD Point-in-time
Par value $0.00001; authorized 75,000,000 shares 4,410,736 shares issued and outstanding CommonStockValue $45.00 USD Point-in-time
Par value $0.00001; authorized 75,000,000 shares 4,410,736 shares issued and outstanding CommonStockValue $45.00 USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $11.95M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $12.20M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-10.64M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-10.57M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.38M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.56M USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $13.61K USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $7.87M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $8.48M USD Point-in-time
Income Statement 45 line items
Line Item Tag Value Unit Period
Software product, net SalesRevenueGoodsNet $1.38M USD 1 Quarter
Software product, net SalesRevenueGoodsNet $860.44K USD 1 Quarter
Service, net SalesRevenueServicesNet $6.92M USD 1 Quarter
Service, net SalesRevenueServicesNet $5.10M USD 1 Quarter
Total revenues, net SalesRevenueNet $6.48M USD 1 Quarter
Total revenues, net SalesRevenueNet $7.78M USD 1 Quarter
Product CostOfGoodsSold $444.89K USD 1 Quarter
Product CostOfGoodsSold $637.51K USD 1 Quarter
Service CostOfServices $4.41M USD 1 Quarter
Service CostOfServices $3.05M USD 1 Quarter
Total cost of revenues CostOfRevenue $4.85M USD 1 Quarter
Total cost of revenues CostOfRevenue $3.68M USD 1 Quarter
Gross profit GrossProfit $2.80M USD 1 Quarter
Gross profit GrossProfit $2.93M USD 1 Quarter
Selling and marketing expenses SellingAndMarketingExpense $1.08M USD 1 Quarter
Selling and marketing expenses SellingAndMarketingExpense $912.13K USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $1.52M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $1.19M USD 1 Quarter
Share based compensation ShareBasedCompensation $30.41K USD 1 Quarter
Share based compensation ShareBasedCompensation $11.95K USD 1 Quarter
Depreciation and amortization OtherDepreciationAndAmortization $170.89K USD 1 Quarter
Depreciation and amortization OtherDepreciationAndAmortization $111.96K USD 1 Quarter
Total selling, general and administrative expenses OperatingExpenses $2.24M USD 1 Quarter
Total selling, general and administrative expenses OperatingExpenses $2.79M USD 1 Quarter
Income from operations OperatingIncomeLoss $557.97K USD 1 Quarter
Income from operations OperatingIncomeLoss $144.37K USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-12.22K USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-19.25K USD 1 Quarter
Other income OtherIncome - USD 1 Quarter
Other income OtherIncome $10.00K USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-12.22K USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-9.25K USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $545.75K USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $135.12K USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $24.58K USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $60.85K USD 1 Quarter
Net income ProfitLoss $521.17K USD 1 Quarter
Net income ProfitLoss $374.31K USD Annual
Net income ProfitLoss $74.28K USD 1 Quarter
Net income per common share basic and fully diluted (in Dollars per share) EarningsPerShareBasicAndDiluted $0.02 USD 1 Quarter
Net income per common share basic and fully diluted (in Dollars per share) EarningsPerShareBasicAndDiluted $0.13 USD 1 Quarter
Basic (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 4.04M shares 1 Quarter
Basic (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 4.41M shares 1 Quarter
Diluted (in Shares) WeightedAverageNumberOfDilutedSharesOutstanding 4.05M shares 1 Quarter
Diluted (in Shares) WeightedAverageNumberOfDilutedSharesOutstanding 4.48M shares 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $521.17K USD 1 Quarter
Net income ProfitLoss $374.31K USD Annual
Net income ProfitLoss $74.28K USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $-9.50K USD 1 Quarter
Deferred income taxes IncreaseDecreaseInDeferredIncomeTaxes $190.50K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $38.21K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $57.81K USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $73.75K USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $113.09K USD 1 Quarter
Share-based compensation AllocatedShareBasedCompensationExpense $11.95K USD 1 Quarter
Share-based compensation AllocatedShareBasedCompensationExpense $30.41K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $99.56K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $207.18K USD 1 Quarter
Unbilled services IncreaseDecreaseInUnbilledReceivables $288.06K USD 1 Quarter
Unbilled services IncreaseDecreaseInUnbilledReceivables $-62.86K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-137.29K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $11.28K USD 1 Quarter
Deposits and other assets IncreaseDecreaseInOtherNoncurrentAssets $2.26K USD 1 Quarter
Deposits and other assets IncreaseDecreaseInOtherNoncurrentAssets - USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $50.15K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $119.28K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-118.81K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-103.61K USD 1 Quarter
Income tax payable IncreaseDecreaseInAccruedIncomeTaxesPayable $51.35K USD 1 Quarter
Income tax payable IncreaseDecreaseInAccruedIncomeTaxesPayable $215.08K USD 1 Quarter
Accrued interest IncreaseDecreaseInInterestPayableNet $1.84K USD 1 Quarter
Accrued interest IncreaseDecreaseInInterestPayableNet $-232.00 USD 1 Quarter
Deferred revenues IncreaseDecreaseInDeferredRevenue $-282.94K USD 1 Quarter
Deferred revenues IncreaseDecreaseInDeferredRevenue $255.99K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $68.81K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $450.76K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $149.23K USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $24.87K USD 1 Quarter
Software development costs PaymentsToDevelopSoftware $42.50K USD 1 Quarter
Software development costs PaymentsToDevelopSoftware - USD 1 Quarter
Acquisition of new business PaymentsToAcquireBusinessesGross - USD 1 Quarter
Acquisition of new business PaymentsToAcquireBusinessesGross $80.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-191.73K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-104.87K USD 1 Quarter
Proceeds from issuance of common stock and warrants, net of fees ProceedsFromIssuanceOrSaleOfEquity - USD 1 Quarter
Proceeds from issuance of common stock and warrants, net of fees ProceedsFromIssuanceOrSaleOfEquity $812.02K USD 1 Quarter
Proceeds from issuance of common stock and warrants, net of fees ProceedsFromIssuanceOrSaleOfEquity $812.02K USD Point-in-time
Payment of cash dividend PaymentsOfDividends $264.70K USD 1 Quarter
Payment of cash dividend PaymentsOfDividends - USD 1 Quarter
Repayment of contingent consideration OtherPaymentsToAcquireBusinesses $33.26K USD 1 Quarter
Repayment of contingent consideration OtherPaymentsToAcquireBusinesses - USD 1 Quarter
Repayment of long term debt RepaymentsOfLongTermDebt $62.36K USD 1 Quarter
Repayment of long term debt RepaymentsOfLongTermDebt $74.39K USD 1 Quarter
Principal payments under capital leases obligations RepaymentsOfLongTermCapitalLeaseObligations $19.51K USD 1 Quarter
Principal payments under capital leases obligations RepaymentsOfLongTermCapitalLeaseObligations $24.50K USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-396.85K USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $730.15K USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-519.78K USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $1.08M USD 1 Quarter
Cash and cash equivalents beginning of period CashAndCashEquivalentsAtCarryingValue $673.54K USD Point-in-time
Cash and cash equivalents beginning of period CashAndCashEquivalentsAtCarryingValue $1.31M USD Point-in-time
Cash and cash equivalents beginning of period CashAndCashEquivalentsAtCarryingValue $2.38M USD Point-in-time
Cash and cash equivalents beginning of period CashAndCashEquivalentsAtCarryingValue $1.19M USD Point-in-time
Cash and cash equivalents end of period CashAndCashEquivalentsAtCarryingValue $673.54K USD Point-in-time
Cash and cash equivalents end of period CashAndCashEquivalentsAtCarryingValue $1.31M USD Point-in-time
Cash and cash equivalents end of period CashAndCashEquivalentsAtCarryingValue $2.38M USD Point-in-time
Cash and cash equivalents end of period CashAndCashEquivalentsAtCarryingValue $1.19M USD Point-in-time
Interest InterestPaid $17.40K USD 1 Quarter
Interest InterestPaid $13.14K USD 1 Quarter
Income taxes IncomeTaxesPaid $22.14K USD 1 Quarter
Income taxes IncomeTaxesPaid $40.85K USD 1 Quarter
Stockholders Equity 17 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.38M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.56M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $13.61K USD Point-in-time
Cash dividend DividendsCommonStockCash $-264.70K USD 1 Quarter
Issuance of common stock, net of fees StockIssuedDuringPeriodValueNewIssues $812.02K USD Annual
Issuance of common stock, net of fees (in Shares) StockIssuedDuringPeriodSharesNewIssues 363,490.00 shares Point-in-time
Issuance of common stock for services StockIssuedDuringPeriodValueIssuedForServices $36.30K USD Annual
Issuance of stock for acquisition StockIssuedDuringPeriodValueAcquisitions $259.23K USD Annual
Stock warrants in exchange for services AdjustmentsToAdditionalPaidInCapitalWarrantIssued $20.00K USD Annual
Share-Based Compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions $11.95K USD 1 Quarter
Share-Based Compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions $40.86K USD Annual
Net income (loss) ProfitLoss $521.17K USD 1 Quarter
Net income (loss) ProfitLoss $374.31K USD Annual
Net income (loss) ProfitLoss $74.28K USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.38M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.56M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $13.61K USD Point-in-time

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

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