10-Q Filing

GLOBAL VISION HOLDINGS, INC. CIK: 1497120 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001019687-12-001817`
Period End Date	20120331
Filing Date	20120515
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	none-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 30 Income Statement 14 Cash Flow Statement 20

Balance Sheet 30 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.65K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.90K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.65K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$647.00	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$9.63K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.02K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$53.20K	USD	Point-in-time
Goodwill	`Goodwill`	$86.98K	USD	Point-in-time
Total assets	`Assets`	$140.18K	USD	Point-in-time
Total assets	`Assets`	$15.00K	USD	Point-in-time
Advance from shareholder	`DueToRelatedPartiesCurrent`	$20.00K	USD	Point-in-time
Advance from shareholder	`DueToRelatedPartiesCurrent`	$37.94K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$43.19K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.10K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$37.10K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$81.13K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock: 25,000,000 shares authorized ($0.001 par value) none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: 25,000,000 shares authorized ($0.001 par value) none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	-	USD	1 Quarter
Net sales	`SalesRevenueNet`	$4.47K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$3.62K	USD	1 Quarter
Gross margin	`GrossProfit`	$853.00	USD	1 Quarter
Officer compensation	`OfficersCompensation`	$2.57M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$910.00	USD	1 Quarter
Professional fees	`ProfessionalFees`	$86.57K	USD	1 Quarter
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$11.72K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$2.67M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.67M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.67M	USD	1 Quarter
Net loss per share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.00M	shares	1 Quarter
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	70.19M	shares	1 Quarter

Cash Flow Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.67M	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$2.57M	USD	1 Quarter
(Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-647.00	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.02K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.95K	USD	1 Quarter
Decrease in inventories	`IncreaseDecreaseInInventories`	$3.62K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-77.45K	USD	1 Quarter
Cash received in subsidiary acquisition	`CashAcquiredFromAcquisition`	$2.91K	USD	1 Quarter
Proceeds from shareholder advances	`ProceedsFromRelatedPartyDebt`	$17.94K	USD	1 Quarter
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$79.50K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$97.44K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$22.90K	USD	1 Quarter
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.65K	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$37.90K	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$15.00K	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.65K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.65K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$37.90K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$15.00K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.65K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.