10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001213900-13-002608 |
| Period End Date | 20130331 |
| Filing Date | 20130515 |
| Fiscal Year | 2013 |
| Fiscal Period | Q1 |
| XBRL Instance | fil-20130331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
78 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common Stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common Stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Cash |
Cash
|
$893.46K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
75.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
75.00M | shares | Point-in-time |
| Cash |
Cash
|
$1.06M | USD | Point-in-time |
| Common Stock, shares issued |
CommonStockSharesIssued
|
39.05M | shares | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$1.25M | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$1.29M | USD | Point-in-time |
| Common Stock, shares issued |
CommonStockSharesIssued
|
44.73M | shares | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$3.60K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
- | USD | Point-in-time |
| Common Stock, shares outstanding |
CommonStockSharesOutstanding
|
39.05M | shares | Point-in-time |
| Common Stock, shares outstanding |
CommonStockSharesOutstanding
|
44.73M | shares | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$688.00 | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$45.76K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$2.14M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$2.40M | USD | Point-in-time |
| Property and Equipment, net |
PropertyPlantAndEquipmentNet
|
$425.25K | USD | Point-in-time |
| Property and Equipment, net |
PropertyPlantAndEquipmentNet
|
$365.02K | USD | Point-in-time |
| Software |
Software
|
$590.26K | USD | Point-in-time |
| Software |
Software
|
$258.93K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$8.87K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$8.87K | USD | Point-in-time |
| Finance costs, net |
DeferredFinanceCostsNoncurrentNet
|
$2.40K | USD | Point-in-time |
| Finance costs, net |
DeferredFinanceCostsNoncurrentNet
|
$2.48K | USD | Point-in-time |
| Total Other Assets |
AssetsNoncurrent
|
$601.52K | USD | Point-in-time |
| Total Other Assets |
AssetsNoncurrent
|
$270.28K | USD | Point-in-time |
| Total Assets |
Assets
|
$3.43M | USD | Point-in-time |
| Total Assets |
Assets
|
$2.78M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$283.80K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$207.74K | USD | Point-in-time |
| Due to officer |
DueToRelatedPartiesCurrent
|
$75.00K | USD | Point-in-time |
| Due to officer |
DueToRelatedPartiesCurrent
|
$75.00K | USD | Point-in-time |
| Accrued expenses |
AccruedProfessionalFeesCurrent
|
$64.08K | USD | Point-in-time |
| Accrued expenses |
AccruedProfessionalFeesCurrent
|
$97.28K | USD | Point-in-time |
| Accrued payroll |
AccruedLiabilitiesCurrent
|
$412.19K | USD | Point-in-time |
| Accrued payroll |
AccruedLiabilitiesCurrent
|
$527.70K | USD | Point-in-time |
| Loan payable to factor |
OtherLoansPayableCurrent
|
$827.08K | USD | Point-in-time |
| Loan payable to factor |
OtherLoansPayableCurrent
|
$439.47K | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$8.74K | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$4.52K | USD | Point-in-time |
| Line of credit, current portion |
LinesOfCreditCurrent
|
$25.00K | USD | Point-in-time |
| Line of credit, current portion |
LinesOfCreditCurrent
|
$72.11K | USD | Point-in-time |
| Capital Leases, current portion |
CapitalLeaseObligationsCurrent
|
$28.71K | USD | Point-in-time |
| Capital Leases, current portion |
CapitalLeaseObligationsCurrent
|
$16.92K | USD | Point-in-time |
| Notes payable, current portion, net of discount |
NotesPayableCurrent
|
$202.56K | USD | Point-in-time |
| Notes payable, current portion, net of discount |
NotesPayableCurrent
|
$431.65K | USD | Point-in-time |
| Long term debt, current portion |
LongTermDebtCurrent
|
$37.51K | USD | Point-in-time |
| Long term debt, current portion |
LongTermDebtCurrent
|
$36.13K | USD | Point-in-time |
| Settlement Payable |
SettlementPayable
|
$69.17K | USD | Point-in-time |
| Settlement Payable |
SettlementPayable
|
$115.28K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$1.99M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$2.07M | USD | Point-in-time |
| Capital Leases (net of current portion) |
CapitalLeaseObligationsNoncurrent
|
$40.98K | USD | Point-in-time |
| Capital Leases (net of current portion) |
CapitalLeaseObligationsNoncurrent
|
$23.97K | USD | Point-in-time |
| Lines of credit (net of current portion) |
LongTermLineOfCredit
|
$125.00K | USD | Point-in-time |
| Lines of credit (net of current portion) |
LongTermLineOfCredit
|
$118.75K | USD | Point-in-time |
| Notes payable (net of current portion), net of discount |
LongTermNotesPayable
|
$273.75K | USD | Point-in-time |
| Notes payable (net of current portion), net of discount |
LongTermNotesPayable
|
$548.03K | USD | Point-in-time |
| Long term debt (net of current portion) |
LongTermDebtNoncurrent
|
$181.46K | USD | Point-in-time |
| Long term debt (net of current portion) |
LongTermDebtNoncurrent
|
$173.03K | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$2.95M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$2.59M | USD | Point-in-time |
| Commitments and Contingencies (see Note 8) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies (see Note 8) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock ($0.001 par value, 75,000,000 shares authorized, 44,726,562 shares and 39,054,867 issued and outstanding at March 31, 2013 and December 31, 2012, respectively |
CommonStockValue
|
$44.73K | USD | Point-in-time |
| Common stock ($0.001 par value, 75,000,000 shares authorized, 44,726,562 shares and 39,054,867 issued and outstanding at March 31, 2013 and December 31, 2012, respectively |
CommonStockValue
|
$39.05K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$2.74M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$3.45M | USD | Point-in-time |
| Subscription receivable |
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
|
- | USD | Point-in-time |
| Subscription receivable |
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
|
$5.00K | USD | Point-in-time |
| Accumulated deficit |
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
|
$3.02M | USD | Point-in-time |
| Accumulated deficit |
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
|
$2.58M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$478.31K | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$187.80K | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$2.78M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$3.43M | USD | Point-in-time |
Income Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$2.16M | USD | 1 Quarter |
| Stock compensation included in selling and administrative expenses |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Revenues |
Revenues
|
$605.83K | USD | 1 Quarter |
| Stock compensation included in selling and administrative expenses |
ShareBasedCompensation
|
$27.98K | USD | 1 Quarter |
| Cost of Revenues |
CostOfRevenue
|
$431.12K | USD | 1 Quarter |
| Cost of Revenues |
CostOfRevenue
|
$985.32K | USD | 1 Quarter |
| Gross Profit |
GrossProfit
|
$174.71K | USD | 1 Quarter |
| Gross Profit |
GrossProfit
|
$1.17M | USD | 1 Quarter |
| Selling and administrative expenses (includes stock compensation of $27,984 and $0 in 2013 and 2012, respectively) |
SellingGeneralAndAdministrativeExpense
|
$1.44M | USD | 1 Quarter |
| Selling and administrative expenses (includes stock compensation of $27,984 and $0 in 2013 and 2012, respectively) |
SellingGeneralAndAdministrativeExpense
|
$609.27K | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$289.00 | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$32.21K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$25.43K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$9.87K | USD | 1 Quarter |
| Total Operating Expenses |
OperatingExpenses
|
$651.36K | USD | 1 Quarter |
| Total Operating Expenses |
OperatingExpenses
|
$1.47M | USD | 1 Quarter |
| Operating Loss |
OperatingIncomeLoss
|
$-476.64K | USD | 1 Quarter |
| Operating Loss |
OperatingIncomeLoss
|
$-298.53K | USD | 1 Quarter |
| Other expense |
OtherIncome
|
- | USD | 1 Quarter |
| Other expense |
OtherIncome
|
$-283.00 | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$136.02K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$5.92K | USD | 1 Quarter |
| Total Other Expense, net |
NonoperatingIncomeExpense
|
$-5.92K | USD | 1 Quarter |
| Total Other Expense, net |
NonoperatingIncomeExpense
|
$-136.30K | USD | 1 Quarter |
| Loss before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-482.57K | USD | 1 Quarter |
| Loss before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-434.83K | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-482.57K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-434.83K | USD | 1 Quarter |
| basic and diluted |
EarningsPerShareBasicAndDiluted
|
$-0.01 | USD | 1 Quarter |
| basic and diluted |
EarningsPerShareBasicAndDiluted
|
$-0.01 | USD | 1 Quarter |
| basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
43.79M | shares | 1 Quarter |
| basic and diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
32.23M | shares | 1 Quarter |
Cash Flow Statement
71 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-482.57K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-434.83K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$25.43K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$9.87K | USD | 1 Quarter |
| Stock issued for compensation |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Stock issued for compensation |
ShareBasedCompensation
|
$27.98K | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
$91.89K | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
- | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
- | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
$6.45K | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$53.07K | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$156.65K | USD | 1 Quarter |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-3.60K | USD | 1 Quarter |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-24.51K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$657.00 | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$45.07K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$76.06K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$31.28K | USD | 1 Quarter |
| Unearned revenue |
IncreaseDecreaseInDeferredRevenue
|
$-26.09K | USD | 1 Quarter |
| Unearned revenue |
IncreaseDecreaseInDeferredRevenue
|
- | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$67.14K | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$152.93K | USD | 1 Quarter |
| Net Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-148.61K | USD | 1 Quarter |
| Net Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-533.16K | USD | 1 Quarter |
| Capitalization of internally developed software |
CapitalizationOfInternallyDevelopedSoftware
|
$331.33K | USD | 1 Quarter |
| Capitalization of internally developed software |
CapitalizationOfInternallyDevelopedSoftware
|
- | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.30K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.77K | USD | 1 Quarter |
| Net Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-334.10K | USD | 1 Quarter |
| Net Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-3.30K | USD | 1 Quarter |
| Borrowings from long-term debt obligations |
ProceedsFromIssuanceOfLongTermDebt
|
$35.00K | USD | 1 Quarter |
| Borrowings from long-term debt obligations |
ProceedsFromIssuanceOfLongTermDebt
|
- | USD | 1 Quarter |
| Payment for repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Payment for repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$46.11K | USD | 1 Quarter |
| Loan proceeds |
ProceedsFromIssuanceOfDebt
|
$1.22M | USD | 1 Quarter |
| Loan proceeds |
ProceedsFromIssuanceOfDebt
|
- | USD | 1 Quarter |
| Loan proceeds from factor, net |
ProceedsFromIssuanceOfOtherLongTermDebt
|
- | USD | 1 Quarter |
| Loan proceeds from factor, net |
ProceedsFromIssuanceOfOtherLongTermDebt
|
$-387.60K | USD | 1 Quarter |
| Repayments of debt obligations |
RepaymentsOfDebt
|
$8.68K | USD | 1 Quarter |
| Repayments of debt obligations |
RepaymentsOfDebt
|
$138.97K | USD | 1 Quarter |
| Issuance of stock for cash net of offering cost |
ProceedsFromIssuanceOfCommonStock
|
$13.00K | USD | Point-in-time |
| Issuance of stock for cash net of offering cost |
ProceedsFromIssuanceOfCommonStock
|
$13.00K | USD | 1 Quarter |
| Issuance of stock for cash net of offering cost |
ProceedsFromIssuanceOfCommonStock
|
$143.91K | USD | 1 Quarter |
| Stock Subscriptions |
StockSubscriptions
|
$250.15K | USD | 1 Quarter |
| Stock Subscriptions |
StockSubscriptions
|
$5.00K | USD | 1 Quarter |
| Payments on lines of credit |
RepaymentsOfLinesOfCredit
|
- | USD | 1 Quarter |
| Payments on lines of credit |
RepaymentsOfLinesOfCredit
|
$13.15K | USD | 1 Quarter |
| Net Cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$652.17K | USD | 1 Quarter |
| Net Cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$420.38K | USD | 1 Quarter |
| Net Increase (decrease) in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-116.09K | USD | 1 Quarter |
| Net Increase (decrease) in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$169.45K | USD | 1 Quarter |
| Cash at beginning of period |
CashEquivalentsAtCarryingValue
|
$82.41K | USD | Point-in-time |
| Cash at beginning of period |
CashEquivalentsAtCarryingValue
|
$1.06M | USD | Point-in-time |
| Cash at beginning of period |
CashEquivalentsAtCarryingValue
|
$198.50K | USD | Point-in-time |
| Cash at beginning of period |
CashEquivalentsAtCarryingValue
|
$893.46K | USD | Point-in-time |
| Cash at end of period |
CashEquivalentsAtCarryingValue
|
$82.41K | USD | Point-in-time |
| Cash at end of period |
CashEquivalentsAtCarryingValue
|
$1.06M | USD | Point-in-time |
| Cash at end of period |
CashEquivalentsAtCarryingValue
|
$198.50K | USD | Point-in-time |
| Cash at end of period |
CashEquivalentsAtCarryingValue
|
$893.46K | USD | Point-in-time |
| Interest |
InterestPaid
|
$5.89K | USD | 1 Quarter |
| Interest |
InterestPaid
|
$98.20K | USD | 1 Quarter |
| Income Taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Income Taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Issuance of stock to repay debt |
StockIssued1
|
- | USD | 1 Quarter |
| Issuance of stock to repay debt |
StockIssued1
|
$563.91K | USD | 1 Quarter |
| Capital lease obligation for equipment |
CapitalLeaseObligationsIncurred
|
$28.70K | USD | 1 Quarter |
| Capital lease obligation for equipment |
CapitalLeaseObligationsIncurred
|
- | USD | 1 Quarter |
| Shares issued as loan fee |
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfDebt
|
$679.35K | USD | 1 Quarter |
| Shares issued as loan fee |
AdjustmentsToAdditionalPaidInCapitalEquityComponentOfDebt
|
- | USD | 1 Quarter |
| Financed equipment purchases |
FinancedEquipmentPurchases
|
$54.10K | USD | 1 Quarter |
| Financed equipment purchases |
FinancedEquipmentPurchases
|
- | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.