2014 Form 10-K Financial Statement
#000114420414060984 Filed on October 14, 2014
Income Statement
Concept | 2014 | 2013 Q2 | 2013 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $750.0K | $180.0K | $1.350M |
YoY Change | -44.44% | -92.91% | -88.34% |
% of Gross Profit | |||
Research & Development | $8.168K | $10.00K | $12.34K |
YoY Change | -33.83% | 23.44% | |
% of Gross Profit | |||
Depreciation & Amortization | $538.00 | $0.00 | $4.062K |
YoY Change | -86.76% | -99.96% | |
% of Gross Profit | |||
Operating Expenses | $761.2K | $190.0K | $1.362M |
YoY Change | -44.11% | -92.52% | -88.25% |
Operating Profit | -$761.2K | -$1.362M | |
YoY Change | -44.11% | ||
Interest Expense | $93.15K | -$30.00K | $5.465K |
YoY Change | 1604.43% | 200.0% | -127.33% |
% of Operating Profit | |||
Other Income/Expense, Net | -$116.6K | -$141.2K | |
YoY Change | -17.41% | ||
Pretax Income | -$877.8K | -$220.0K | -$1.503M |
YoY Change | -41.6% | -91.41% | -87.05% |
Income Tax | -$48.27K | $0.00 | -$60.46K |
% Of Pretax Income | |||
Net Earnings | -$829.6K | -$220.0K | -$1.443M |
YoY Change | -42.5% | -91.41% | -87.38% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$1.433B | -$397.5M | -$2.492B |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2014 | 2013 Q2 | 2013 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $90.00K | $0.00 | $0.00 |
YoY Change | |||
Cash & Equivalents | $0.00 | $0.00 | |
Short-Term Investments | |||
Other Short-Term Assets | $30.00K | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $110.0K | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $538.00 | $0.00 | |
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $0.00 | $1.747K | $0.00 |
YoY Change | -82.53% | -100.0% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $110.0K | $0.00 | $0.00 |
Total Long-Term Assets | $0.00 | $1.747K | $0.00 |
Total Assets | $110.0K | $1.747K | $0.00 |
YoY Change | -96.51% | -100.0% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $350.0K | $272.6K | $270.0K |
YoY Change | 29.63% | 43.47% | 42.11% |
Accrued Expenses | $490.0K | $300.0K | $300.0K |
YoY Change | 63.33% | 66.67% | 66.67% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $470.0K | $160.0K | $160.0K |
YoY Change | 193.75% | 6.67% | 6.67% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.520M | $790.0K | $790.0K |
YoY Change | 92.41% | 36.21% | 36.21% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.520M | $790.0K | $790.0K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $1.520M | $790.0K | $790.0K |
YoY Change | 92.41% | 36.21% | 36.21% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | |||
YoY Change | |||
Common Stock | $70.63K | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$1.410M | -$792.5K | -$790.0K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $110.0K | $1.747K | $0.00 |
YoY Change | -96.51% | -100.0% |
Cashflow Statement
Concept | 2014 | 2013 Q2 | 2013 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$829.6K | -$220.0K | -$1.443M |
YoY Change | -42.5% | -91.41% | -87.38% |
Depreciation, Depletion And Amortization | $538.00 | $0.00 | $4.062K |
YoY Change | -86.76% | -99.96% | |
Cash From Operating Activities | $226.4K | -$30.00K | -$130.0K |
YoY Change | -274.19% | -50.0% | -23.53% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 310.0K | 30.00K | 130.0K |
YoY Change | 138.46% | 50.0% | -23.53% |
NET CHANGE | |||
Cash From Operating Activities | $226.4K | -30.00K | -130.0K |
Cash From Investing Activities | $0.00 | 0.000 | 0.000 |
Cash From Financing Activities | 310.0K | 30.00K | 130.0K |
Net Change In Cash | $226.4K | 0.000 | 0.000 |
YoY Change | -100.0% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | $226.4K | -$30.00K | -$130.0K |
Capital Expenditures | $0.00 | $0.00 | $0.00 |
Free Cash Flow | $226.4K | -$30.00K | -$130.0K |
YoY Change | -274.19% | -50.0% | -23.53% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2013Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
0 | USD |
CY2014Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
72685 | USD |
CY2014Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
25000 | USD |
CY2013Q2 | us-gaap |
Value Added Tax Receivable
ValueAddedTaxReceivable
|
1209 | USD |
CY2014Q2 | us-gaap |
Value Added Tax Receivable
ValueAddedTaxReceivable
|
946 | USD |
CY2013Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
538 | USD |
CY2014Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
16374781 | USD |
CY2014Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
0 | USD |
CY2013Q2 | us-gaap |
Assets
Assets
|
1747 | USD |
CY2014Q2 | us-gaap |
Assets
Assets
|
113745 | USD |
CY2013Q2 | us-gaap |
Bank Overdrafts
BankOverdrafts
|
5 | USD |
CY2014Q2 | us-gaap |
Bank Overdrafts
BankOverdrafts
|
0 | USD |
CY2013Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
272596 | USD |
CY2014Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
350004 | USD |
CY2013Q2 | us-gaap |
Development Stage Enterprise Deficit Accumulated During Development Stage
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
|
16723353 | USD |
CY2014Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
422326 | USD |
CY2013Q2 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
32879 | USD |
CY2014Q2 | us-gaap |
Development Stage Enterprise Deficit Accumulated During Development Stage
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
|
17552917 | USD |
CY2014Q2 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
33909 | USD |
CY2013Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-792476 | USD |
CY2013Q2 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
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CY2014Q2 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
272424 | USD |
CY2013Q2 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
0 | USD |
CY2014Q2 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
158244 | USD |
CY2013Q2 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
57237 | USD |
CY2014Q2 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
60350 | USD |
CY2013Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
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CY2014Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
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CY2013Q2 | us-gaap |
Preferred Stock Value
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|
0 | USD |
CY2014Q2 | us-gaap |
Preferred Stock Value
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|
0 | USD |
CY2013Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
70632 | USD |
CY2013Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1747 | USD |
CY2013Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2014Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2013Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
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CY2014Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2013Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
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CY2013Q2 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
251439 | USD |
CY2014Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1408314 | USD |
CY2013Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
16104809 | USD |
CY2013Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-244589 | USD |
CY2014Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-302863 | USD |
CY2013 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
0 | USD |
CY2013 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-27549 | USD |
CY2013 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-141199 | USD |
CY2013 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-1503099 | USD |
CY2013 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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CY2013 | us-gaap |
Net Income Loss
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|
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Preferred Stock Shares Issued
PreferredStockSharesIssued
|
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Preferred Stock Shares Outstanding
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|
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Liabilities And Stockholders Equity
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|
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Operating Expenses
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|
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CY2014 | us-gaap |
Operating Expenses
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|
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Operating Income Loss
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|
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Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
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Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
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CY2014 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
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|
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CY2014 | ppch |
Prepaid Common Stock Issued For Services
PrepaidCommonStockIssuedForServices
|
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CY2014 | ppch |
Conversion Of Convertible Notes And Accrued Interest To Common Stock
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|
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Discounts Related To Warrants Issued With Convertible Debenture
DiscountsRelatedToWarrantsIssuedWithConvertibleDebenture
|
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Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2013Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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CY2014Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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Royalty Revenue
RoyaltyRevenue
|
0 | USD |
CY2014 | us-gaap |
Royalty Revenue
RoyaltyRevenue
|
0 | USD |
CY2013 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
12344 | USD |
CY2014 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
8168 | USD |
CY2013 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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CY2013 | us-gaap |
Interest Expense
InterestExpense
|
5465 | USD |
CY2014 | us-gaap |
Interest Expense
InterestExpense
|
93147 | USD |
CY2013 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
0 | USD |
CY2014 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
18 | USD |
CY2014 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-16522 | USD |
CY2013 | us-gaap |
Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
|
-108185 | USD |
CY2014 | us-gaap |
Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
|
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CY2014 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
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CY2014 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
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Income Loss From Continuing Operations Before Income Taxes Domestic
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|
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CY2014 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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CY2014 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-829564 | USD |
CY2013 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
114328 | USD |
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Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
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|
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Comprehensive Income Net Of Tax
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|
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Comprehensive Income Net Of Tax
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|
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Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.02 | |
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Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.01 | |
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Weighted Average Number Of Share Outstanding Basic And Diluted
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|
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CY2014 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
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|
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Issuance Of Stock And Warrants For Services Or Claims
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|
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CY2014 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
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|
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CY2013 | ppch |
Consultant Stock Expense
ConsultantStockExpense
|
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CY2014 | ppch |
Consultant Stock Expense
ConsultantStockExpense
|
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CY2013 | ppch |
Amortization Of Prepaid Shares Issued For Services
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|
38937 | USD |
CY2014 | ppch |
Amortization Of Prepaid Shares Issued For Services
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|
6667 | USD |
CY2013 | ppch |
Write Off Of Subscription Receivable
WriteOffOfSubscriptionReceivable
|
325 | USD |
CY2014 | ppch |
Write Off Of Subscription Receivable
WriteOffOfSubscriptionReceivable
|
0 | USD |
CY2013 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-27549 | USD |
CY2014 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
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CY2013 | us-gaap |
Depreciation
Depreciation
|
4062 | USD |
CY2014 | us-gaap |
Depreciation
Depreciation
|
538 | USD |
CY2013 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | USD |
CY2014 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
49029 | USD |
CY2013 | us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
-333 | USD |
CY2014 | us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
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|
0 | USD |
CY2013 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
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CY2014 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-294 | USD |
CY2014 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
94607 | USD |
CY2013 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
12965 | USD |
CY2014 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
11598 | USD |
CY2014 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
158847 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-128647 | USD |
CY2013 | us-gaap |
Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
|
5 | USD |
CY2014 | us-gaap |
Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
|
-6 | USD |
CY2013 | us-gaap |
Payments For Loans
PaymentsForLoans
|
32860 | USD |
CY2014 | us-gaap |
Payments For Loans
PaymentsForLoans
|
45512 | USD |
CY2013 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
0 | USD |
CY2014 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
273959 | USD |
CY2013 | us-gaap |
Proceeds From Loans
ProceedsFromLoans
|
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CY2014 | us-gaap |
Proceeds From Loans
ProceedsFromLoans
|
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CY2013 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
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CY2014 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
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CY2013 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
128465 | USD |
CY2014 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
311141 | USD |
CY2013 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
3 | USD |
CY2014 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
3100 | USD |
CY2013 | us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
-179 | USD |
CY2014 | us-gaap |
Cash Period Increase Decrease
CashPeriodIncreaseDecrease
|
87799 | USD |
CY2012Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
179 | USD |
CY2013Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | USD |
CY2014Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
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|
87799 | USD |
CY2013 | us-gaap |
Interest Paid
InterestPaid
|
0 | USD |
CY2014 | us-gaap |
Interest Paid
InterestPaid
|
0 | USD |
CY2013 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD |
CY2014 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD |
CY2013 | ppch |
Conversion Of Accrued Interest To Common Stock
ConversionOfAccruedInterestToCommonStock
|
1896 | USD |
CY2014 | ppch |
Conversion Of Accrued Interest To Common Stock
ConversionOfAccruedInterestToCommonStock
|
0 | USD |
CY2013 | ppch |
Prepaid Common Stock Issued For Services
PrepaidCommonStockIssuedForServices
|
0 | USD |
CY2013 | ppch |
Conversion Of Accrued Expenses To Common Stock
ConversionOfAccruedExpensesToCommonStock
|
37500 | USD |
CY2014 | ppch |
Conversion Of Accrued Expenses To Common Stock
ConversionOfAccruedExpensesToCommonStock
|
27500 | USD |
CY2013 | ppch |
Conversion Of Convertible Notes And Accrued Interest To Common Stock
ConversionOfConvertibleNotesAndAccruedInterestToCommonStock
|
75000 | USD |
CY2013 | ppch |
Discounts Related To Lender Costs
DiscountsRelatedToLenderCosts
|
0 | USD |
CY2014 | ppch |
Discounts Related To Lender Costs
DiscountsRelatedToLenderCosts
|
30000 | USD |
CY2014 | ppch |
Discounts Related To Warrants Issued With Convertible Debenture
DiscountsRelatedToWarrantsIssuedWithConvertibleDebenture
|
133095 | USD |
CY2014 | dei |
Document Type
DocumentType
|
10-K | |
CY2014 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2014 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-06-30 | |
CY2014 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
CY2014 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2014 | dei |
Entity Registrant Name
EntityRegistrantName
|
Propanc Health Group Corp | |
CY2014 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001517681 | |
CY2014 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | |
CY2014 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2014 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2014 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2014 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
CY2013Q4 | dei |
Entity Public Float
EntityPublicFloat
|
5182094.20 | USD |
CY2014 | dei |
Trading Symbol
TradingSymbol
|
PPCH | |
CY2014Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
82444100 | shares |
CY2014 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-27187 | USD |
CY2013Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
14513 | USD |
CY2014Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
14968 | USD |
CY2013Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
13975 | USD |
CY2014Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
14968 | USD |
CY2014Q2 | ppch |
Loans From Related Party
LoansFromRelatedParty
|
161975 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-492334 | USD |
CY2013 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
114328 | USD |
CY2014 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-58274 | USD |
CY2012Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-358917 | USD |
CY2014 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
0 | USD |
CY2014 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
226442 | USD |
CY2014Q2 | ppch |
Working Capital Deficit
WorkingCapitalDeficit
|
1408314 | USD |
CY2013 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2014 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2012 | ppch |
Write Off Of Capitalized Patent Costs
writeOffOfCapitalizedPatentCosts
|
27000 | USD |
CY2014Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
17552917 | USD |
CY2013Q2 | ppch |
Loans From Related Party
LoansFromRelatedParty
|
130689 | USD |
CY2014 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-274229 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
|
351935 | USD |
CY2014 | us-gaap |
Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
|
92480 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
|
60461 | USD |
CY2014 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
|
48267 | USD |
CY2013Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
60461 | USD |
CY2014Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
48267 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
443641 | USD |
CY2014 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
-127051 | USD |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
-0.3275 | pure |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
-0.3124 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
|
0.2341 | pure |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
|
0.1054 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
|
-0.0402 | pure |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
|
-0.0550 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
|
0.0402 | pure |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
|
0.0550 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.2420 | pure |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.2968 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
|
0.2952 | pure |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
|
-0.1447 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0402 | pure |
CY2014 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0550 | pure |
CY2013Q2 | us-gaap |
Deferred Tax Assets Gross Current
DeferredTaxAssetsGrossCurrent
|
18512 | USD |
CY2014Q2 | us-gaap |
Deferred Tax Assets Gross Current
DeferredTaxAssetsGrossCurrent
|
50872 | USD |
CY2013Q2 | us-gaap |
Deferred Tax Liabilities Gross Current
DeferredTaxLiabilitiesGrossCurrent
|
0 | USD |
CY2014Q2 | us-gaap |
Deferred Tax Liabilities Gross Current
DeferredTaxLiabilitiesGrossCurrent
|
0 | USD |
CY2013 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
114328 | USD |
CY2014 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-58274 | USD |
CY2013 | ppch |
Stock Issued During Period Value Conversion Of Accrued Expenses
StockIssuedDuringPeriodValueConversionOfAccruedExpenses
|
146250 | USD |
CY2013 | ppch |
Write Off Of Subscription Receivables
WriteOffOfSubscriptionReceivables
|
325 | USD |
CY2013 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
48000 | USD |
CY2013 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
0 | USD |
CY2013Q2 | us-gaap |
Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
|
3996340 | USD |
CY2014Q2 | us-gaap |
Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
|
4241995 | USD |
CY2013Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
|
4014852 | USD |
CY2014Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
|
4292867 | USD |
CY2013Q2 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
-18512 | USD |
CY2014Q2 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
-50872 | USD |
CY2013Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | USD |
CY2014Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
0 | USD |
CY2013 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-60461 | USD |
CY2014 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-48267 | USD |
CY2013 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | USD |
CY2014 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | USD |
CY2013 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
13074 | USD |
CY2014 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
11016 | USD |
CY2009Q3 | us-gaap |
Description Of Lessee Leasing Arrangements Operating Leases
DescriptionOfLesseeLeasingArrangementsOperatingLeases
|
3.5% escalation clause or $1,052 per month | |
CY2013 | ppch |
Reimbursement On Goods And Service Tax Receivable Percentage
ReimbursementOnGoodsAndServiceTaxReceivablePercentage
|
1 | pure |
CY2014 | ppch |
Reimbursement On Goods And Service Tax Receivable Percentage
ReimbursementOnGoodsAndServiceTaxReceivablePercentage
|
1 | pure |
CY2014 | us-gaap |
Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
|
2519 | USD |
CY2014 | ppch |
Fair Value Of Warrant Derivative Liability Recoreded As Debt Discount
FairValueOfWarrantDerivativeLiabilityRecorededAsDebtDiscount
|
144241 | USD |
CY2014Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
3000000 | shares |
CY2014Q2 | us-gaap |
Share Price
SharePrice
|
0.09 | |
CY2013Q3 | us-gaap |
Share Price
SharePrice
|
0.20 | |
CY2012Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-537919 | USD |
CY2013 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
76896 | USD |
CY2013 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
0 | USD |
CY2014 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
244500 | USD |
CY2014 | ppch |
Stock Issued During Period Value Conversion Of Accrued Expenses
StockIssuedDuringPeriodValueConversionOfAccruedExpenses
|
27500 | USD |
CY2013 | ppch |
Stock Issued During Period Value Issued For Services Two
StockIssuedDuringPeriodValueIssuedForServicesTwo
|
663125 | USD |
CY2013 | ppch |
Stock Issued During Period Value Under Voluntary Ratchet
StockIssuedDuringPeriodValueUnderVoluntaryRatchet
|
139158 | USD |
CY2013 | ppch |
Conversion Of Loan Payable To Convertible Debenture
ConversionOfLoanPayableToConvertibleDebenture
|
0 | USD |
CY2014 | ppch |
Conversion Of Loan Payable To Convertible Debenture
ConversionOfLoanPayableToConvertibleDebenture
|
27963 | USD |
CY2014 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><u>Use of Estimates</u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BACKGROUND-COLOR: transparent; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from these estimates.  Significant estimates in the accompanying consolidated financial statements include the estimates of valuation of derivatives, <font style="BACKGROUND-COLOR: transparent">valuation of beneficial conversion features on convertible debt, allowance for uncollectable receivables, valuation of equity based instruments issued for other than cash, the valuation allowance on deferred tax assets and foreign currency translation due to certain average exchange rates applied in lieu of spot rates on translation dates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
CY2013Q3 | ppch |
Warrants Expire Period
WarrantsExpirePeriod
|
P5Y | |
CY2013Q3 | us-gaap |
Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
3000000 | USD |
CY2013Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.0698 | |
CY2013 | ppch |
Prepaid Settlement Fee Paid Through Issuance Of Convertible Note
PrepaidSettlementFeePaidThroughIssuanceOfConvertibleNote
|
0 | USD |
CY2014 | ppch |
Prepaid Settlement Fee Paid Through Issuance Of Convertible Note
PrepaidSettlementFeePaidThroughIssuanceOfConvertibleNote
|
25000 | USD |
CY2013 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-363703 | USD |
CY2014 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
260533 | USD |