2016 Q1 Form 10-Q Financial Statement

#000114420416102344 Filed on May 16, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $780.0K $510.0K
YoY Change 52.94% 410.0%
% of Gross Profit
Research & Development $510.3K $9.475K
YoY Change 5285.76%
% of Gross Profit
Depreciation & Amortization $0.00 $0.00
YoY Change
% of Gross Profit
Operating Expenses $1.291M $516.6K
YoY Change 149.87% 395.2%
Operating Profit -$516.6K
YoY Change 395.2%
Interest Expense $1.104M $199.3K
YoY Change 454.13% 901.39%
% of Operating Profit
Other Income/Expense, Net -$861.1K $62.32K
YoY Change -1481.89% 66.4%
Pretax Income -$2.152M -$454.3K
YoY Change 373.72% 579.35%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.150M -$454.3K
YoY Change 373.31% 579.35%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$526.6M -$281.4M
COMMON SHARES
Basic Shares Outstanding 475.6M shares 191.7M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.480M $170.0K
YoY Change 770.59%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $120.0K $130.0K
YoY Change -7.69%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.618M $308.8K
YoY Change 423.86%
LONG-TERM ASSETS
Property, Plant & Equipment $3.678K $808.00
YoY Change 355.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00
YoY Change
Total Long-Term Assets $5.365K $808.00
YoY Change 563.99%
TOTAL ASSETS
Total Short-Term Assets $1.618M $308.8K
Total Long-Term Assets $5.365K $808.00
Total Assets $1.623M $309.6K
YoY Change 424.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $159.3K $291.0K
YoY Change -45.26% -11.81%
Accrued Expenses $150.0K $440.0K
YoY Change -65.91% 2.33%
Deferred Revenue
YoY Change
Short-Term Debt $1.060M $1.250M
YoY Change -15.2% 443.48%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.144M $2.161M
YoY Change 138.08% 84.67%
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 $5.144M $2.161M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $5.140M $2.160M
YoY Change 137.96% 84.62%
SHAREHOLDERS EQUITY
Retained Earnings -$27.52M -$19.14M
YoY Change 43.78%
Common Stock $602.5K $332.8K
YoY Change 81.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.520M -$1.851M
YoY Change
Total Liabilities & Shareholders Equity $1.620M $309.6K
YoY Change 423.22%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income -$2.150M -$454.3K
YoY Change 373.31% 579.35%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change
Cash From Operating Activities -$720.0K -$430.0K
YoY Change 67.44% 975.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
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 1.200M 580.0K
YoY Change 106.9% 1060.0%
NET CHANGE
Cash From Operating Activities -720.0K -430.0K
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities 1.200M 580.0K
Net Change In Cash 480.0K 150.0K
YoY Change 220.0% 1400.0%
FREE CASH FLOW
Cash From Operating Activities -$720.0K -$430.0K
Capital Expenditures $0.00 $0.00
Free Cash Flow -$720.0K -$430.0K
YoY Change 67.44% 975.0%

Facts In Submission

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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">&#160;</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 US GAAP 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.&#160;Actual results could differ from these estimates.&#160;Significant estimates in the accompanying unaudited consolidated financial statements include the estimates of useful lives for depreciation, valuation of derivatives, 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 transaction dates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
300000000 shares
us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0 pure
CY2015Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
782500 USD
CY2015Q2 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
0.55 pure
CY2015Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.07
ppch Warrants Term
WarrantsTerm
P4Y
CY2016Q1 ppch Receivable From Deposit Control Account Non Current
ReceivableFromDepositControlAccountNonCurrent
1200000 USD
CY2016Q1 ppch Receivable From Deposit Control Account Current
ReceivableFromDepositControlAccountCurrent
375000 USD
CY2016Q1 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.03
us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
0.225 pure
ppch Debt Instrument Maximum Conversion Percentage On Trading Volume
DebtInstrumentMaximumConversionPercentageOnTradingVolume
0.25 pure
us-gaap Debt Instrument Increase Decrease Other Net
DebtInstrumentIncreaseDecreaseOtherNet
50000 USD
CY2016Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4350000 USD
CY2016Q1 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
4000000 USD
CY2016Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.045
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000000 shares
CY2015 ppch Reimbursement On Goods And Service Tax Receivable Percentage
ReimbursementOnGoodsAndServiceTaxReceivablePercentage
1 pure
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
21491 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
29744 AUD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
33000 AUD
us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
71500000 shares
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
2056059 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
4112118 USD
CY2015Q4 ppch Warrants To Purchase Of Common Stock
WarrantsToPurchaseOfCommonStock
26190476 USD

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