Property, Plant and Equipment, Type [Axis]
Equipment [Member]
Furniture and Fixtures [Member]
Property Improvements [Member]
Range [Axis]
Minimum [Member]
Maximum [Member]
Software [Member]
Legal Entity [Axis]
BFK Franchise Co., LLC ("BFK") [Member]
Type of Arrangement and Non-arrangement Transactions [Axis]
Franchise Agreements [Member]
SF Franchise Company, LLC ("SF") [Member]
Related Party [Axis]
Mr. Michelle Cote [Member]
MC Logic, LLC [Member]
Award Type [Axis]
Total Stock Grants [Member]
Stock Grants, Per Employment Agreement [Member]
Stock Options, Per Employment Agreement [Member]
Stock Options, Board of Directors [Member]
Total Stock Grants [Member]
Mr. Charles Grant [Member]
Mr. Joseph Marucci [Member]
Mr. Michael Gorin [Member]
Mr. JoyAnn Kenny [Member]
Ms. Karla Kretsch [Member]
Employment Agreement [Member]
Purchase And Sale Agreement [Member]
Geographical [Axis]
St. Augustine, Florida (the "Store") [Member]
Subsequent Event Type [Axis]
Subsequent Event [Member]
Ms. Karla Kretsch [Member]
Document And Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Trading Symbol
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Entity a Well-known Seasoned Issuer
Entity a Voluntary Filer
Entity's Reporting Status Current
Entity Filer Category
Entity Public Float
Entity Common Stock, Shares Outstanding
Document Fiscal Period Focus
Document Fiscal Year Focus
Consolidated Balance Sheets
ASSETS
Current Assets:
Cash
Restricted cash (marketing fund)
Accounts receivable, less allowance for doubtful accounts of approximately $331,000 and $218,000, respectively
Prepaid expenses
Notes receivable - current portion, less allowance for doubtful accounts of approximately $37,000 and $26,000, respectively
Income tax receivable
Total Current Assets
Notes receivable - net of current portion
Property and equipment, net of accumulated depreciation of approximately $232,000 and $188,000, respectively
Intangible assets
Deposits
Deferred tax assets
Total Assets
Liabilities and Stockholders' Equity
Current Liabilities:
Accounts payable
Payroll accruals
Accrued liabilities
Unearned revenue
Accrued marketing fund
Customer deposits
Total Current Liabilities
Commitments and Contingencies - Note 9
Stockholders' Equity
Creative Learning Corporation stockholders' equity:
Preferred stock, $.0001 par value; 10,000,000 shares authorized; None issued and outstanding
Common stock, $.0001 par value: 50,000,000 shares authorized: 12,021,527 and 12,001,409 shares issued and outstanding, respectively
Additional paid-in capital
Treasury Stock 65,100 shares and 65,100 shares, respectively (cost method)
Accumulated deficit
Total Stockholders' Equity
Total Liabilities and Stockholders' Equity
Allowance for doubtful accounts receivable
Allowance for doubtful notes receivable
Accumulated depreciation
Preferred stock, par value (in dollars per share)
Preferred stock, authorized
Preferred stock, issued
Preferred stock, outstanding
Common stock, par value (in dollars per share)
Common stock, authorized
Common stock, issued
Common stock, outstanding
Treasury stock, shares
Consolidated Statements Of Operations
Revenues:
Initial franchise fees
Royalties fees
Merchandise sales
Total revenue
Operating expenses:
Franchise consulting and commissions
Franchise training and expenses
Salaries and payroll taxes
Stock-based compensation
Advertising
Professional fees and legal settlements
Office expense
Bad debt expense
Depreciation
Other general and administrative expenses
Total operating expenses
Income (loss) from operations
Other income (expense):
Interest income - net
Other income (expense)
Total other income
Loss before benefit from income taxes
(Provision for) benefit from income taxes
Net loss from continuing operations
Discontinued operations
Operating income (loss) from discontinued operations
Income tax (provision) benefit
Income (loss) from discontinued operations
Net loss
Net loss per share
Basic and diluted
Continuing operations (in dollars per share)
Discontinued operations (in dollars per share)
Total (in dollars per share)
Basic and diluted weighted average number of common shares outstanding (in shares)
Consolidated Statements Of Cash Flows
Cash flows from operating activities:
Net loss
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Loss from discontinued operations
Bad debt expense
Deferred income taxes
Stock based directors' fees
Stock based compensation
Impairment loss on intangible assets
Changes in operating assets and liabilities:
Restricted cash
Accounts receivable
Prepaid expenses
Notes receivable
Deposits
Accounts payable - related parties
Accounts payable - 3rd parties
Accrued liabilities
Unearned revenue
Payroll accruals
Accrued marketing
Customer deposits
Income tax receivable
Net cash used in operating activities
Net cash provided by discontinued operations
Cash flows from investing activities:
Acquisition of property and equipment
Net cash used in investing activities
Net change in cash
Cash, beginning of period
Cash, end of period
Supplemental disclosure of cash flow information:
Supplemental non-cash investing and financing activities
Acquisition of treasury stock in conection with disposition of CI
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Organization and Summary of Significant Accounting Policies
Related Party Transactions [Abstract]
Related Party
Receivables [Abstract]
Notes and Other Receivables
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment Loss on Intangible Assets
Accrued Liabilities and Other Liabilities [Abstract]
Accrued Marketing Fund
Payables and Accruals [Abstract]
Accrued Liabilities
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies
Subsequent Events [Abstract]
Subsequent Events
Basis of Presentation
Related Parties
Use of Estimates
Restricted Cash
Accounts and Note Receivables
Property, Equipment and Depreciation
Revenue Recognition
Advertising Costs
Income Taxes
Net earnings (loss) per share
Recent accounting pronouncements
Schedule of property and equipment useful Lifes
Schedule of future payments for notes and other receivables
Schedule of accrued liabilities
Schedule of share based compensation
Schedule of assumptions for Black-Scholes Valuation
Schedule of discontinued operations
Property, Plant and Equipment [Table]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives
Statement [Table]
Statement [Line Items]
Number of territories
Number of states
Number of countries
Advertising costs
Percentage of gross revenues collected for marketing fund
Valuation allowance
Schedule of Related Party Transactions, by Related Party [Table]
Related Party Transaction [Line Items]
Ownership percentage
Related party receivable
Due from related party
Rent expenses
Area of land
2017
2018
2019
2020
2021
Thereafter
Total
Other receivables
Impairment loss on intangible assets
Accrued Audit Fees
Accrued Legal Fees and Legal Settlements
Accrued State Regulatory Settlement
Accrued Other
Accrued Liabilities
Total Stock-based Compensation
Number of Shares, Options granted
Exercise Price, Options granted (in dollars per share)
Remaining Term, Options granted
Fair Value, Options granted
Number of shares issued
Number of shares granted
Exercise price (in dollars per share)
Exercisable contractual term
Compensation paid
Dividend yield
Expected volatility rate
Risk-free interest rate
Expected term
Operating Loss on discontinued operations
Revenue
Advertising and Promotion
General and Administrative Expenses
Operating Loss on discontinued operations
Purchase price for the assets
Number of shares of stock issued for assets purchased
Value of shares of stock issued for assets purchased
Number of shares previously accrued to be issued
Value of shares previously accrued to be issued
Rent expense
Subsequent Event [Table]
Subsequent Event [Line Items]
Total compensation
Number of territories.
The set of legal entities associated with a report.
The set of legal entities associated with a report.
Percentage of gross revenues collectd for marketing fund.
Information by type of related party.
Information by type of related party.
Total notes and other receivables due in the next twelve months.
Total notes and other receivables due in year two.
Total notes and other receivables due in year three.
Total notes and other receivables due in year four.
Total notes and other receivables due in year five.
Total notes and other receivables due after year five.
Total notes and other receivables due.
Accrued legal fees and legal settlements.
Information by award type pertaining to equity-based compensation.
Information by award type pertaining to equity-based compensation.
Information by award type pertaining to equity-based compensation.
An arrangement whereby an employee is entitled to receive in the future, subject to vesting and other restrictions, a number of shares in the entity at a specified price, as defined in the agreement. Although there are variations, normally, after vesting, when an option is exercised, the employee-holder pays the strike value in cash to the issuing employer-entity and receives equity shares. The equity shares can be sold into the market for cash at the current market price without restriction. Options may be used to attract, retain and incentivize employees, in addition to their regular salary and other benefits.
Fair value of options granted during the period.
Weighted average remaining contractual term for option awards granted, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
Leader of the entity's board of directors who presides over board meetings and other board activities. The chairman is often the chief executive officer as well, and in such a case would be the entity's highest ranking officer.
Leader of the entity's board of directors who presides over board meetings and other board activities. The chairman is often the chief executive officer as well, and in such a case would be the entity's highest ranking officer.
Leader of the entity's board of directors who presides over board meetings and other board activities. The chairman is often the chief executive officer as well, and in such a case would be the entity's highest ranking officer.
Information by category of arrangement, including but not limited to collaborative arrangements and non-collaborative arrangements.
Amount of advertising and promotion expense attributable to disposal group, including, but not limited to, discontinued operation.
Amount of general and administrative expense attributable to disposal group, including, but not limited to, discontinued operation.
Number of shares previously accrued for.
Value of shares previously accrued for but reserved.
Franchise consulting and commissions: other
Franchise training and expenses, other
Amount of stock based director's fees during the period.
Increase (decrease) in accrued marketing funds.
The value of treasury stock acquired in noncash investing or financing transactions.
The accounting policy for related party transactions.
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.
Information by category of arrangement, including but not limited to collaborative arrangements and non-collaborative arrangements.
Information by category of arrangement, including but not limited to collaborative arrangements and non-collaborative arrangements.
Ex First or second ranking officer of the entity that may be appointed by the board of directors.
EmployeeStockOption1Member
ExPresidentMember
Assets, Current
Assets
Liabilities, Current
Treasury Stock, Value
Stockholders' Equity Attributable to Parent
Liabilities and Equity
Revenue, Net
Operating Expenses
Operating Income (Loss)
Nonoperating Income (Expense)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
Current Income Tax Expense (Benefit)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
Discontinued Operation, Tax Effect of Discontinued Operation
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
Allowance for Doubtful Accounts Receivable, Period Increase (Decrease)
Increase (Decrease) in Restricted Cash
Increase (Decrease) in Accounts Receivable
Increase (Decrease) in Prepaid Expense
Increase (Decrease) in Notes Receivable, Current
Increase (Decrease) in Deposits
Increase (Decrease) in Accrued Liabilities
Increase (Decrease) in Deferred Revenue
Increase (Decrease) in Accrued Salaries
Increase (Decrease) in Customer Deposits
Increase (Decrease) in Income Taxes Receivable
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
Payments to Acquire Property, Plant, and Equipment
Net Cash Provided by (Used in) Investing Activities, Continuing Operations
Cash, Period Increase (Decrease)
PaymentSchedulesForNotesAndOtherReceivablesTotal
Impairment of Intangible Assets (Excluding Goodwill)
Notes to Financial Statements
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpenses
Disposal Group, Including Discontinued Operation, Operating Income (Loss)