10-K Filing

GLOBAL VISION HOLDINGS, INC. CIK: 1497120 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001019687-13-001103`
Period End Date	20121231
Filing Date	20130401
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	gvhin-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 27 Cash Flow Statement 29 Stockholders Equity 16

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.00K	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.65K	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.88K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$8.81K	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
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Inventory	`InventoryNet`	$3.21K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	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
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$165.56K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$193.46K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.00K	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Goodwill	`Goodwill`	$86.98K	USD	Point-in-time
Total assets	`Assets`	$15.00K	USD	Point-in-time
Total assets	`Assets`	$280.44K	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`	$40.84K	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`	$40.84K	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
Treasury stock	`TreasuryStockValue`	-	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.08M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalPreferredStock`	$470.03K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalPreferredStock`	$3.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-557.12K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.62M	USD	Point-in-time
Total stockholders' equity / (deficit)	`StockholdersEquity`	$-22.10K	USD	Point-in-time
Total stockholders' equity / (deficit)	`StockholdersEquity`	$239.60K	USD	Point-in-time
Total stockholders' equity / (deficit)	`StockholdersEquity`	$7.09K	USD	Point-in-time
Total liabilities and stockholders' equity / (deficit)	`LiabilitiesAndStockholdersEquity`	$280.44K	USD	Point-in-time
Total liabilities and stockholders' equity / (deficit)	`LiabilitiesAndStockholdersEquity`	$15.00K	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Net product sales	`SalesRevenueNet`	-	USD	Annual
Net product sales	`SalesRevenueNet`	$16.98K	USD	Annual
Service income	`SalesRevenueServicesGross`	$1.85K	USD	Annual
Service income	`SalesRevenueServicesGross`	-	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$13.47K	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	-	USD	Annual
Gross margin	`GrossProfit`	-	USD	Annual
Gross margin	`GrossProfit`	$5.35K	USD	Annual
Compensation	`OfficersCompensation`	$500.00K	USD	Annual
Compensation	`OfficersCompensation`	$2.71M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	-	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$48.96K	USD	Annual
Professional fees	`ProfessionalFees`	$44.43K	USD	Annual
Professional fees	`ProfessionalFees`	$238.32K	USD	Annual
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$160.94K	USD	Annual
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$4.79K	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$549.22K	USD	Annual
Total operating expenses	`OperatingCostsAndExpenses`	$3.16M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-3.15M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-549.22K	USD	Annual
Stock compensation claw-back	`StockCompensationClawback`	$1.08M	USD	Annual
Net loss	`NetIncomeLoss`	$-549.22K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.07M	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.68M	shares	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	123.08M	shares	Annual

Cash Flow Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-549.22K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.07M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$2.74M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$500.00K	USD	Annual
Stock compensation claw-back	`StockCompensationClawback`	$1.08M	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.81K	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	Annual
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.39K	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$24.78K	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$41.57K	USD	Annual
Decrease in inventories	`IncreaseDecreaseInInventories`	-	USD	Annual
Decrease in inventories	`IncreaseDecreaseInInventories`	$10.04K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-390.84K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.65K	USD	Annual
Cash received in subsidiary acquisition	`CashAcquiredFromAcquisition`	$7.82K	USD	Annual
Cash received in subsidiary acquisition	`CashAcquiredFromAcquisition`	-	USD	Annual
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$383.90K	USD	Annual
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$15.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$383.90K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.00K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.35K	USD	Annual
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$883.00	USD	Annual
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`	$15.88K	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`	$15.88K	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance - Amount	`StockholdersEquity`	$-22.10K	USD	Point-in-time
Beginning Balance - Amount	`StockholdersEquity`	$239.60K	USD	Point-in-time
Beginning Balance - Amount	`StockholdersEquity`	$7.09K	USD	Point-in-time
Issuance of common stock for the acquisition of Mamma's Best LLC, Amount	`StockIssuedDuringPeriodValueAcquisitions`	$100.00K	USD	Annual
Issuance of common stock for officer compensation, Amount	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$2.57M	USD	Annual
Issuance of common stock for employee compensation, Amount	`IssuanceOfCommonStockForEmployeeCompensationAmount`	$56.50K	USD	Annual
Related party liabilities forgiven	`DebtInstrumentDecreaseForgiveness`	$5.03K	USD	Annual
Stock based compensation claw-back	`StockCompensationClawback`	$1.08M	USD	Annual
Operating capital contributed	`ProceedsFromContributedCapital`	$15.00K	USD	Annual
Operating capital contributed	`ProceedsFromContributedCapital`	$4.92K	USD	Annual
Issuance of common stock for services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$500.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-549.22K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.07M	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$-22.10K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$239.60K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$7.09K	USD	Point-in-time

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