10-Q Filing

GLOBAL VISION HOLDINGS, INC. CIK: 1497120 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001019687-12-004158`
Period End Date	20120930
Filing Date	20121119
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	none-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 48 Cash Flow Statement 28

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.65K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.12K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.82K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.00K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$959.00	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
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Inventory	`InventoryNet`	$5.31K	USD	Point-in-time
Inventory	`InventoryNet`	-	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
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$38.89K	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
Total current assets	`AssetsCurrent`	$88.27K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.00K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$86.98K	USD	Point-in-time
Total assets	`Assets`	$15.00K	USD	Point-in-time
Total assets	`Assets`	$175.26K	USD	Point-in-time
Advance from shareholder	`DueToRelatedPartiesCurrent`	$20.00K	USD	Point-in-time
Advance from shareholder	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$28.22K	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`	$28.22K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalPreferredStock`	$470.03K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalPreferredStock`	$3.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-557.12K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.50M	USD	Point-in-time
Total stockholders' equity / (deficit)	`StockholdersEquity`	$-22.10K	USD	Point-in-time
Total stockholders' equity / (deficit)	`StockholdersEquity`	$147.04K	USD	Point-in-time
Total liabilities and stockholders' equity / (deficit)	`LiabilitiesAndStockholdersEquity`	$15.00K	USD	Point-in-time
Total liabilities and stockholders' equity / (deficit)	`LiabilitiesAndStockholdersEquity`	$175.26K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$3.80K	USD	1 Quarter
Net sales	`SalesRevenueNet`	-	USD	1 Quarter
Net sales	`SalesRevenueNet`	-	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$8.98K	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.91K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$7.05K	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	-	USD	3 Qtrs
Gross margin	`GrossProfit`	-	USD	1 Quarter
Gross margin	`GrossProfit`	$1.94K	USD	3 Qtrs
Gross margin	`GrossProfit`	-	USD	3 Qtrs
Gross margin	`GrossProfit`	$892.00	USD	1 Quarter
Compensation	`OfficersCompensation`	-	USD	1 Quarter
Compensation	`OfficersCompensation`	$2.68M	USD	3 Qtrs
Compensation	`OfficersCompensation`	$47.42K	USD	1 Quarter
Compensation	`OfficersCompensation`	-	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$12.58K	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$6.65K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	-	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$193.20K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	-	USD	3 Qtrs
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$35.47K	USD	1 Quarter
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$8.05K	USD	3 Qtrs
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$1.83K	USD	1 Quarter
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$63.97K	USD	3 Qtrs
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$27.28K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$2.95M	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$1.83K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$8.05K	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$116.82K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.95M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.83K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.05K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-115.93K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.95M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.05K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-115.93K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.00M	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.00M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	116.65M	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	141.04M	shares	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.95M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-8.05K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-115.93K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$2.64M	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-959.00	USD	3 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.39K	USD	3 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.23K	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.65K	USD	3 Qtrs
Decrease in inventories	`IncreaseDecreaseInInventories`	$7.94K	USD	3 Qtrs
Decrease in inventories	`IncreaseDecreaseInInventories`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-289.31K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.83K	USD	3 Qtrs
Cash received in subsidiary acquisition	`CashAcquiredFromAcquisition`	$7.82K	USD	3 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$309.60K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$309.60K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.83K	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$28.12K	USD	3 Qtrs
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`	$43.12K	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.82K	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 end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.65K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$43.12K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$2.82K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$15.00K	USD	Point-in-time

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