10-Q Filing

GLOBAL VISION HOLDINGS, INC. CIK: 1497120 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001019687-13-002019`
Period End Date	20130331
Filing Date	20130520
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	gvhin-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 26 Cash Flow Statement 36

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.90K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.88K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$138.87K	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
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$31.92K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$8.81K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Inventory	`InventoryNet`	$10.60K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$3.21K	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$165.56K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$119.06K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$193.46K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$300.45K	USD	Point-in-time
Goodwill	`Goodwill`	$86.98K	USD	Point-in-time
Goodwill	`Goodwill`	$86.98K	USD	Point-in-time
Total assets	`Assets`	$280.44K	USD	Point-in-time
Total assets	`Assets`	$387.44K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$79.69K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.84K	USD	Point-in-time
Advance from shareholder	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Advance from shareholder	`DueToRelatedPartiesCurrent`	$55.40K	USD	Point-in-time
Promissory notes payable	`NotesPayableCurrent`	$177.27K	USD	Point-in-time
Promissory notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$40.84K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$312.36K	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`	$1.08M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.08M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalPreferredStock`	$3.81M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalPreferredStock`	$3.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.62M	USD	Point-in-time
Total stockholders' equity / (deficit)	`StockholdersEquity`	$75.08K	USD	Point-in-time
Total stockholders' equity / (deficit)	`StockholdersEquity`	$239.60K	USD	Point-in-time
Total liabilities and stockholders' equity / (deficit)	`LiabilitiesAndStockholdersEquity`	$280.44K	USD	Point-in-time
Total liabilities and stockholders' equity / (deficit)	`LiabilitiesAndStockholdersEquity`	$387.44K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net product sales	`SalesRevenueNet`	$4.47K	USD	1 Quarter
Net product sales	`SalesRevenueNet`	$33.10K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$3.62K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$21.76K	USD	1 Quarter
Gross margin	`GrossProfit`	$853.00	USD	1 Quarter
Gross margin	`GrossProfit`	$11.34K	USD	1 Quarter
Compensation	`OfficersCompensation`	$2.57M	USD	1 Quarter
Compensation	`OfficersCompensation`	$10.20K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$910.00	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$7.61K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$86.57K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$134.47K	USD	1 Quarter
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$22.47K	USD	1 Quarter
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$11.72K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$2.67M	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$174.75K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-163.42K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.67M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.11K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.67M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-164.52K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	70.19M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	141.57M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.67M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-164.52K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$2.57M	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$46.50K	USD	1 Quarter
Amortization of original issue discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of original issue discount	`AmortizationOfDebtDiscountPremium`	$774.00	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.11K	USD	1 Quarter
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-647.00	USD	1 Quarter
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-5.02K	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$38.84K	USD	1 Quarter
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.95K	USD	1 Quarter
Decrease in inventories	`IncreaseDecreaseInInventories`	$-7.39K	USD	1 Quarter
Decrease in inventories	`IncreaseDecreaseInInventories`	$3.62K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-108.91K	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
Cash received in subsidiary acquisition	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Proceeds from shareholder advances	`ProceedsFromRelatedPartyDebt`	$17.94K	USD	1 Quarter
Proceeds from shareholder advances	`ProceedsFromRelatedPartyDebt`	$55.40K	USD	1 Quarter
Proceeds from issuance of convertible promissory notes	`ProceedsFromConvertibleDebt`	$176.50K	USD	1 Quarter
Proceeds from issuance of convertible promissory notes	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$79.50K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$231.90K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$97.44K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$122.99K	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`	$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`	$15.88K	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$138.87K	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`	$15.88K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$138.87K	USD	Point-in-time

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