2016 Q2 Form 10-Q Financial Statement
#000161577417004541 Filed on August 17, 2017
Income Statement
| Concept | 2016 Q2 | 2015 Q4 |
|---|---|---|
| Revenue | $630.0K | $0.00 |
| YoY Change | ||
| Cost Of Revenue | $610.0K | |
| YoY Change | ||
| Gross Profit | $20.00K | |
| YoY Change | ||
| Gross Profit Margin | 3.17% | |
| Selling, General & Admin | $620.0K | $0.00 |
| YoY Change | 1450.0% | |
| % of Gross Profit | 3100.0% | |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $20.00K | |
| YoY Change | ||
| % of Gross Profit | 100.0% | |
| Operating Expenses | $630.0K | $0.00 |
| YoY Change | 1475.0% | |
| Operating Profit | -$610.0K | |
| YoY Change | ||
| Interest Expense | -$150.0K | |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | $0.00 | |
| YoY Change | ||
| Pretax Income | -$770.0K | $0.00 |
| YoY Change | 1825.0% | |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | ||
| Net Earnings | -$770.0K | $0.00 |
| YoY Change | 1825.0% | |
| Net Earnings / Revenue | -122.22% | |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$114.4K | $0.00 |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2016 Q2 | 2015 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $140.0K | $0.00 |
| YoY Change | 1300.0% | -100.0% |
| Cash & Equivalents | $140.0K | $833.6K |
| Short-Term Investments | ||
| Other Short-Term Assets | $20.00K | |
| YoY Change | ||
| Inventory | $264.0K | $388.8K |
| Prepaid Expenses | ||
| Receivables | $390.0K | $242.1K |
| Other Receivables | $340.0K | |
| Total Short-Term Assets | $1.400M | $1.933M |
| YoY Change | 13900.0% | 6343.22% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $250.0K | $300.4K |
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | $211.4K | |
| YoY Change | ||
| Long-Term Investments | $0.00 | |
| YoY Change | ||
| Other Assets | $10.00K | $11.71K |
| YoY Change | ||
| Total Long-Term Assets | $260.0K | $523.5K |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.400M | $1.933M |
| Total Long-Term Assets | $260.0K | $523.5K |
| Total Assets | $1.660M | $2.456M |
| YoY Change | 16500.0% | 8088.28% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $140.0K | $38.37K |
| YoY Change | ||
| Accrued Expenses | ||
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $110.0K | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $410.0K | $335.7K |
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $410.0K | $335.7K |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $410.0K | $335.7K |
| YoY Change | ||
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$4.026M | |
| YoY Change | ||
| Common Stock | $4.478K | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $1.250M | $2.121M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.660M | $2.456M |
| YoY Change | 16500.0% | 8088.28% |
Cashflow Statement
| Concept | 2016 Q2 | 2015 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$770.0K | $0.00 |
| YoY Change | 1825.0% | |
| Depreciation, Depletion And Amortization | $20.00K | |
| YoY Change | ||
| Cash From Operating Activities | -$390.0K | $0.00 |
| YoY Change | -100.0% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $0.00 | |
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | ||
| Cash From Investing Activities | $0.00 | $0.00 |
| YoY Change | ||
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 230.0K | 0.000 |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | -390.0K | 0.000 |
| Cash From Investing Activities | 0.000 | 0.000 |
| Cash From Financing Activities | 230.0K | 0.000 |
| Net Change In Cash | -160.0K | 0.000 |
| YoY Change | -100.0% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$390.0K | $0.00 |
| Capital Expenditures | $0.00 | |
| Free Cash Flow | -$390.0K | |
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
833612 | USD |
| CY2016Q2 | us-gaap |
Inventory Net
InventoryNet
|
263958 | USD |
| CY2016Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
249966 | USD |
| qpag |
Depreciation On Related Party
DepreciationOnRelatedParty
|
19222 | USD | |
| CY2016Q2 | qpag |
Depreciation On Related Party
DepreciationOnRelatedParty
|
9590 | USD |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3309204 | USD | |
| CY2016Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
615502 | USD |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
34449 | USD | |
| CY2016Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
17210 | USD |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
-3430273 | USD | |
| us-gaap |
Depreciation
Depreciation
|
31737 | USD | |
| qpag |
Other Foreign Currency Movements
OtherForeignCurrencyMovements
|
21295 | USD |
