10-Q/A Filing

GLOBAL VISION HOLDINGS, INC. CIK: 1497120 Q2 2012

Filing Information

Form Type	10-Q/A
Accession Number	`0001019687-12-003154`
Period End Date	20120630
Filing Date	20120905
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	none-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 48 Cash Flow Statement 28

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.05K	USD	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$333.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Inventory	`InventoryNet`	$8.61K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$48.39K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$71.39K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$15.00K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Goodwill	`Goodwill`	$86.98K	USD	Point-in-time
Common stock Class A, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Common stock Class A, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock Class A, Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock Class A, Authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total assets	`Assets`	$15.00K	USD	Point-in-time
Total assets	`Assets`	$158.37K	USD	Point-in-time
Advance from shareholder	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Common stock Class A, Issued	`CommonStockSharesIssued`	70.00M	shares	Point-in-time
Common stock Class A, Issued	`CommonStockSharesIssued`	50.00M	shares	Point-in-time
Advance from shareholder	`DueToRelatedPartiesCurrent`	$20.00K	USD	Point-in-time
Common stockClass A , outstanding	`CommonStockSharesOutstanding`	50.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.10K	USD	Point-in-time
Common stockClass A , outstanding	`CommonStockSharesOutstanding`	70.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$41.92K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$37.10K	USD	Point-in-time
Common stock Class B, par value	`CommonStockClassParValue`	$0.00	USD	Point-in-time
Common stock Class B, par value	`CommonStockClassParValue`	$0.00	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$41.92K	USD	Point-in-time
Common stock Class B, Authorized	`CommonStockClassAuthorized`	675.00M	shares	Point-in-time
Common stock Class B, Authorized	`CommonStockClassAuthorized`	675.00M	shares	Point-in-time
Common stock Class B, Issued	`CommonStockClassIssued`	70.67M	shares	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
Common stock Class B, Issued	`CommonStockClassIssued`	15.00M	shares	Point-in-time
Class A Common stock, $.001 par value, 200,000,000 shares authorized and 70,000,000 and 50,000,000 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$70.00K	USD	Point-in-time
Common stockClass B , outstanding	`CommonStockclassOutstanding`	15.00M	shares	Point-in-time
Class A Common stock, $.001 par value, 200,000,000 shares authorized and 70,000,000 and 50,000,000 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$50.00K	USD	Point-in-time
Common stockClass B , outstanding	`CommonStockclassOutstanding`	70.67M	shares	Point-in-time
Class B Common stock, $.001 par value, 675,000,000 shares authorized 70,670,000 and 15,000,000 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively	`CommonStockValueClassB`	$15.00K	USD	Point-in-time
Class B Common stock, $.001 par value, 675,000,000 shares authorized 70,670,000 and 15,000,000 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively	`CommonStockValueClassB`	$70.67K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalPreferredStock`	$470.03K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalPreferredStock`	$3.36M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-557.12K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.39M	USD	Point-in-time
Total stockholders' equity / (deficit)	`StockholdersEquity`	$116.45K	USD	Point-in-time
Total stockholders' equity / (deficit)	`StockholdersEquity`	$-22.10K	USD	Point-in-time
Total liabilities and stockholders' equity / (deficit)	`LiabilitiesAndStockholdersEquity`	$158.37K	USD	Point-in-time
Total liabilities and stockholders' equity / (deficit)	`LiabilitiesAndStockholdersEquity`	$15.00K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$707.00	USD	1 Quarter
Net sales	`SalesRevenueNet`	-	USD	2 Qtrs
Net sales	`SalesRevenueNet`	-	USD	1 Quarter
Net sales	`SalesRevenueNet`	$5.18K	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$4.13K	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	-	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$515.00	USD	1 Quarter
Gross margin	`GrossProfit`	-	USD	1 Quarter
Gross margin	`GrossProfit`	$192.00	USD	1 Quarter
Gross margin	`GrossProfit`	-	USD	2 Qtrs
Gross margin	`GrossProfit`	$1.04K	USD	2 Qtrs
Officer compensation	`OfficersCompensation`	$2.63M	USD	2 Qtrs
Officer compensation	`OfficersCompensation`	$61.81K	USD	1 Quarter
Officer compensation	`OfficersCompensation`	-	USD	2 Qtrs
Officer compensation	`OfficersCompensation`	-	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	-	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$5.02K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	-	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$5.93K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	-	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$71.16K	USD	1 Quarter
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$157.73K	USD	2 Qtrs
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$6.23K	USD	2 Qtrs
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$24.97K	USD	1 Quarter
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$6.23K	USD	1 Quarter
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$36.69K	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$6.23K	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$162.96K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$6.23K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$2.83M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.83M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-6.23K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-162.77K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-6.23K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.83M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.23K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-162.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.23K	USD	2 Qtrs
Net loss per share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Net loss per share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.00M	shares	1 Quarter
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	138.70M	shares	1 Quarter
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.00M	shares	2 Qtrs
Weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	104.45M	shares	2 Qtrs

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.83M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.23K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-162.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.23K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$2.63M	USD	2 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-333.00	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.39K	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.45K	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$29.35K	USD	2 Qtrs
Decrease in inventories	`IncreaseDecreaseInInventories`	$4.64K	USD	2 Qtrs
Decrease in inventories	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-171.85K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.78K	USD	2 Qtrs
Cash received in subsidiary acquisition	`CashAcquiredFromAcquisition`	$2.91K	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$168.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-945.00	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.78K	USD	2 Qtrs
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$14.05K	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 beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$14.05K	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
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.87K	USD	Point-in-time

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