$VPRB
VPR Brands, LP.

2014 Q4 Form 10-K Financial Statement

#000158095715000039 Filed on May 22, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2014 2013 Q4
Revenue $0.00 $814.00 $0.00
YoY Change
Cost Of Revenue $0.00
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin 0.0%
Selling, General & Admin $30.00K $91.94K $0.00
YoY Change -100.0%
% of Gross Profit
Research & Development $0.00 $3.439K
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit
Operating Expenses -$120.0K $5.421M $0.00
YoY Change -100.0%
Operating Profit -$5.421M
YoY Change
Interest Expense $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$5.210M -$5.420M $0.00
YoY Change -100.0%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$5.210M -$5.420M $0.00
YoY Change 91855.04%
Net Earnings / Revenue -665826.78%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.31 -$371.5K $0.00
COMMON SHARES
Basic Shares Outstanding 17.29M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2014 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.00K $9.440K $0.00
YoY Change
Cash & Equivalents $9.442K
Short-Term Investments
Other Short-Term Assets $0.00 $0.00
YoY Change
Inventory $0.00
Prepaid Expenses
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $9.442K $9.440K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $0.00
YoY Change
Goodwill
YoY Change
Intangibles $0.00 $5.325M
YoY Change -100.0%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00 $5.325M
YoY Change -100.0% -100.0%
TOTAL ASSETS
Total Short-Term Assets $9.442K $9.440K
Total Long-Term Assets $0.00 $0.00 $5.325M
Total Assets $9.442K $9.440K $5.325M
YoY Change -99.82% -99.82% 2535737.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.00K $0.00 $0.00
YoY Change -100.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $5.760K $5.760K $0.00
YoY Change -100.0%
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 $5.760K $5.760K $0.00
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $5.760K $5.760K $1.750K
YoY Change 229.14% -94.2%
SHAREHOLDERS EQUITY
Retained Earnings -$5.545M -$124.8K
YoY Change 4341.94% 4.96%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $0.00 $3.680K $5.320M
YoY Change
Total Liabilities & Shareholders Equity $9.442K $9.440K $5.325M
YoY Change -99.82% -99.82% 2535737.14%

Cashflow Statement

Concept 2014 Q4 2014 2013 Q4
OPERATING ACTIVITIES
Net Income -$5.210M -$5.420M $0.00
YoY Change 91855.04%
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities -$30.00K -$90.56K -$10.00K
YoY Change 200.0% 655.15%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $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 0.000 $100.0K 10.00K
YoY Change -100.0% 733.89%
NET CHANGE
Cash From Operating Activities -30.00K -$90.56K -10.00K
Cash From Investing Activities 0.000
Cash From Financing Activities 0.000 $100.0K 10.00K
Net Change In Cash -30.00K $9.442K 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$30.00K -$90.56K -$10.00K
Capital Expenditures $0.00
Free Cash Flow -$90.56K
YoY Change 655.15%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
USD
CY2014 us-gaap Operating Expenses
OperatingExpenses
5420640 USD
CY2013 us-gaap Operating Expenses
OperatingExpenses
USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
USD
CY2014Q4 us-gaap Assets Current
AssetsCurrent
9442 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
USD
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5325258 USD
CY2014Q4 us-gaap Assets
Assets
9442 USD
CY2013Q4 us-gaap Assets
Assets
5325258 USD
CY2014Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
5760 USD
CY2013Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
1750 USD
CY2014Q4 us-gaap Liabilities
Liabilities
5760 USD
CY2013Q4 us-gaap Liabilities
Liabilities
1750 USD
CY2014Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
5548333 USD
CY2013Q4 us-gaap Limited Partners Capital Account
LimitedPartnersCapitalAccount
5448333 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-5544651 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-124825 USD
CY2014Q4 us-gaap Partners Capital
PartnersCapital
3682 USD
CY2013Q4 us-gaap Partners Capital
PartnersCapital
5323508 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9442 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5325258 USD
CY2014Q4 us-gaap Limited Partners Capital Account Units Authorized
LimitedPartnersCapitalAccountUnitsAuthorized
99000000 shares
CY2014Q4 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
17287125 shares
CY2013Q4 us-gaap Limited Partners Capital Account Units Issued
LimitedPartnersCapitalAccountUnitsIssued
13127125 shares
CY2013Q4 us-gaap Limited Partners Capital Account Units Authorized
LimitedPartnersCapitalAccountUnitsAuthorized
99000000 shares
CY2014Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
17287125 shares
CY2013Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
13127125 shares
CY2014 us-gaap Revenues
Revenues
814 USD
CY2013 us-gaap Revenues
Revenues
USD
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3439 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
USD
CY2014 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
20088 USD
CY2013 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
71855 USD
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5325258 USD
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
USD
CY2014 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-5419826 USD
CY2013 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
USD
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 dei Document Type
DocumentType
10-K
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-5894 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-5894 USD
CY2014 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted
-0.37
CY2013 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted
0.00
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted
0.00
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
IncomeLossFromDiscontinuedOperationsNetOfTaxPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted
0.00
CY2014 us-gaap Net Income Loss Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted
-0.37
CY2013 us-gaap Net Income Loss Per Outstanding Limited Partnership And General Partnership Unit Basic And Diluted
NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted
0.00
CY2014 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
14589536 shares
CY2013 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
2740828 shares
CY2014 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
USD
CY2013 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-210 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4010 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-6308 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-90558 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11992 USD
CY2014 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
6782 USD
CY2013 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
11992 USD
CY2014 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
6782 USD
CY2013 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
USD
CY2013 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
100000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11992 USD
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
9442 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
USD
CY2014 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
100000 USD
CY2012Q4 us-gaap Partners Capital
PartnersCapital
-29963 USD
CY2013 us-gaap Partners Capital Other
PartnersCapitalOther
34107 USD
CY2013 us-gaap Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
5325258 USD
CY2014 us-gaap Partners Capital Account Sale Of Units
PartnersCapitalAccountSaleOfUnits
100000 USD
CY2014 us-gaap Nature Of Operations
NatureOfOperations
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;"><b>NOTE 1. ORGANIZATION</b></font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">&#160;</font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">Soleil Capital L.P. (the &#147;Company&#148;, &#147;we&#148;, &#147;our&#148;) was incorporated in New York on July 19, 2004, as Jobsinsite,.com, Inc., Our Articles of incorporation were amended on August 5, 2004, to change our name to Jobsinsite, Inc. on September 18, 2009 we merged with a Delaware corporation and became Jobsinsite, Inc., and on July 1, 2009 we filed articles of conversion with the secretary of state of Delaware and became Soleil Capital L.P., a Delaware limited partnership.</font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">&#160;</font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;"><i>Business Description.</i></font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">&#160;</font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">Since our inception the company has generated nominal revenues through the sale of software items related to the job search industry.</font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">&#160;</font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0; text-align: justify;"><font style="font-size: 10pt;">On December 27, 2013, the Company entered into a patent acquisition agreement (the "Purchase Agreement"), by and among Soleil and Guocheng "Greg" Pan, a natural person, pursuant to which Soleil agreed to purchase certain electronic cigarette patents owned and invented by Mr. Pan (the "Purchased Assets"). Under the terms of the Purchase Agreement and in consideration for the acquisition of the Purchased assets, Soleil issued to Mr. Pan (and certain of his designees) <font>10,501,700</font> common units representing limited partnership units of Soleil and a warrant to purchase <font>2,000,000</font> common units representing limited partnership units of Soleil. The warrants entitle Mr. Pan (or his designees) to purchase Soleil common units at $<font>0.15</font> per common unit with an expiration date <font>ten</font> years from the effective date of the Purchase Agreement. On September 6, 2014 Mr. Pan exercised warrants on a cashless basis equivalent to <font>1,980,000</font> common units. This constitutes the entire <font>2,000,000</font> units and <font>none</font> are outstanding.</font></p> </div>
CY2013 jobi Class Of Warrant Or Right Term
ClassOfWarrantOrRightTerm
P10Y
CY2013 us-gaap Partners Capital Account Units Acquisitions
PartnersCapitalAccountUnitsAcquisitions
10501700 shares
CY2013Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
2000000 shares
CY2013Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.15
CY2014Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
shares
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;"><b><i>Use of Estimates</i></b><i> </i></font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">&#160;</font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0;"><font style="font-size: 10pt;">The preparation of financial statements in conformity with generally accepted accounting principles generally accepted in the Untied States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates</font></p> </div>
CY2014 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2014Q2 dei Entity Public Float
EntityPublicFloat
310000 USD
CY2014 dei Entity Registrant Name
EntityRegistrantName
Soleil Capital L.P.
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0001376231
CY2015Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
17287125 shares
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-12-31
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
us-gaap Net Income Loss
NetIncomeLoss
-5544651 USD
CY2014Q3 us-gaap Partners Capital Account Units Sale Of Units
PartnersCapitalAccountUnitsSaleOfUnits
200000 shares
CY2014Q3 us-gaap Proceeds From Sale Of Interest In Partnership Unit
ProceedsFromSaleOfInterestInPartnershipUnit
100000 USD
CY2014Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.50
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5500000 USD
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31

Files In Submission

Name View Source Status
0001580957-15-000039-index-headers.html Edgar Link pending
0001580957-15-000039-index.html Edgar Link pending
0001580957-15-000039.txt Edgar Link pending
0001580957-15-000039-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_001.jpg Edgar Link pending
image_002.jpg Edgar Link pending
image_003.jpg Edgar Link pending
jobi-20141231.xml Edgar Link completed
jobi-20141231.xsd Edgar Link pending
jobi-20141231_cal.xml Edgar Link unprocessable
jobi-20141231_def.xml Edgar Link unprocessable
jobi-20141231_lab.xml Edgar Link unprocessable
jobi-20141231_pre.xml Edgar Link unprocessable
jobi121410k.htm Edgar Link pending
jobi1214ex31_1.htm Edgar Link pending
jobi1214ex31_2.htm Edgar Link pending
jobi1214ex32_1.htm Edgar Link pending
jobi1214ex32_2.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending