AXESSTEL INC

CIK:0001092492|SEC Filings

Significant Accounting Policies - Schedule of Stock-Based Compensation Costs, by Income Statement Classification (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total	$ 64,500	$ 80,277	$ 246,495	$ 161,072
Tax effect on share-based compensation	0	0	0	0
Net effect on net income (loss)	64,500	80,277	246,495	161,072
Effect on earnings (loss) per share:
Basic	$ 0.00	$ 0.00	$ 0.01	$ 0.01
Diluted	$ 0.00	$ 0.00	$ 0.01	$ 0.01
Research and development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total	23,000	15,254	63,723	25,254
Sales and marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total	6,000	15,000	26,000	35,000
General and administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total	$ 35,500	$ 50,023	$ 156,772	$ 100,818

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
Condensed Consolidated Statements of Cash Flows (USD $)	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:
Net income (loss)	$ (7,479,297)	$ 3,490,175
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	94,941	129,426
Stock-based compensation	246,495	161,072
Provision for (recoveries from) losses on accounts receivable	3,882,235	(120,000)
Note payable discount	(215,000)	(791,000)
Note payable discount amortization	240,000	0
(Increase) decrease in:
Accounts receivable	3,137,905	(2,688,422)
Inventories	114,000	233,000
Other assets	27,857	192,126
Increase (decrease) in:
Accounts payable	13,463	1,446,519
Accrued expenses and other liabilities	(169,913)	42,303
Total adjustments	7,371,983	(1,394,976)
Net cash provided by (used in) operating activities	(107,314)	2,095,199
Cash flows from investing activities:
Acquisition of property and equipment	(3,852)	(200,628)
Net cash used in investing activities	(3,852)	(200,628)
Cash flows from financing activities:
Proceeds from issuance of common stock	22,750	7,800
Repayments of note payable	(2,057,000)	0
Net proceeds (repayments) of bank financings	398,639	(1,118,774)
Net cash used in financing activities	(1,635,611)	(1,110,974)
Cumulative translation adjustment	(58,395)	(14,722)
Net increase (decrease) in cash and cash equivalents	(1,805,172)	768,875
Cash and cash equivalents at beginning of year	1,875,487	849,510
Cash and cash equivalents at end of period	70,315	1,618,385
Cash paid during the period for:
Interest	297,276	977,539
Income tax	$ 45,953	$ 64,468

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 70,315	$ 1,875,487
Accounts receivable, less allowance for doubtful accounts of $3,665,000 and $620,000 at September 30, 2013 and December 31, 2012, respectively	8,178,612	15,198,752
Inventories, net	216,000	330,000
Prepayments and other current assets	442,222	460,726
Total current assets	8,907,149	17,864,965
Property and equipment, net	157,368	225,021
Other assets, net	168,640	74,076
Total assets	9,233,157	18,164,062
Current liabilities:
Accounts payable	10,216,611	10,203,148
Note payable-current, net of discount	303,000	1,850,000
Bank financings-current	3,875,646	3,477,007
Accrued commissions	290,000	633,000
Accrued royalties	1,374,000	1,389,000
Accrued warranties	350,000	350,000
Other accrued expenses and current liabilities	2,315,100	2,127,013
Total current liabilities	18,724,357	20,029,168
Long-term liabilities:
Note payable-long term, net of discount	4,611,000	5,096,000
Commitments and contingencies
Stockholders' deficit:
Common stock, $0.0001 par value; 250,000,000 shares authorized; 24,645,253 and 24,145,355 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively	2,464	2,414
Additional paid-in capital	40,855,031	40,458,483
Accumulated other comprehensive loss	(198,991)	(140,596)
Accumulated deficit	(54,760,704)	(47,281,407)
Total stockholders' deficit	(14,102,200)	(6,961,106)
Total liabilities and stockholders' deficit	$ 9,233,157	$ 18,164,062