10-Q/A Filing

GLOBAL VISION HOLDINGS, INC. CIK: 1497120 Q2 2013

Filing Information

Form Type	10-Q/A
Accession Number	`0001019687-13-003297`
Period End Date	20130630
Filing Date	20130822
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	gvhin-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 57 Cash Flow Statement 46

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.09K	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.05K	USD	Point-in-time
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`	$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
Accounts receivable	`AccountsReceivableNetCurrent`	$91.20K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	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
Inventory	`InventoryNet`	$10.65K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$23.89K	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`	$129.83K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$193.46K	USD	Point-in-time
Furniture and Fixtures, net	`PropertyPlantAndEquipmentNet`	$20.36K	USD	Point-in-time
Deposits	`DepositAssets`	$10.07K	USD	Point-in-time
Goodwill	`Goodwill`	$86.98K	USD	Point-in-time
Goodwill	`Goodwill`	$1.11M	USD	Point-in-time
Total assets	`Assets`	$1.27M	USD	Point-in-time
Total assets	`Assets`	$280.44K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.84K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$128.61K	USD	Point-in-time
Advance from shareholder	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Advance from shareholder	`DueToRelatedPartiesCurrent`	$42.60K	USD	Point-in-time
Convertible notes, net of discount	`ConvertibleNotesPayableCurrent`	$402.95K	USD	Point-in-time
Current portions of promissory notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Current portions of promissory notes payable	`NotesPayableCurrent`	$55.00K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$149.19K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$778.35K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$40.84K	USD	Point-in-time
Promissory notes payable, net of current portion	`LongTermDebt`	$800.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$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`	$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`	$3.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.62M	USD	Point-in-time
Total stockholders' equity / (deficit)	`StockholdersEquity`	$-308.00K	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`	$1.27M	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$5.18K	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$189.32K	USD	1 Quarter
Net sales	`SalesRevenueNet`	$222.42K	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$707.00	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$4.13K	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$144.03K	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$515.00	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$122.26K	USD	1 Quarter
Gross margin	`GrossProfit`	$1.04K	USD	2 Qtrs
Gross margin	`GrossProfit`	$78.39K	USD	2 Qtrs
Gross margin	`GrossProfit`	$192.00	USD	1 Quarter
Gross margin	`GrossProfit`	$67.05K	USD	1 Quarter
Compensation	`OfficersCompensation`	$39.94K	USD	2 Qtrs
Compensation	`OfficersCompensation`	$2.63M	USD	2 Qtrs
Compensation	`OfficersCompensation`	$61.81K	USD	1 Quarter
Compensation	`OfficersCompensation`	$29.74K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$24.51K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$5.02K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$32.12K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$5.93K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$246.06K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$157.73K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$71.16K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$111.59K	USD	1 Quarter
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$49.04K	USD	1 Quarter
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$24.97K	USD	1 Quarter
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$36.69K	USD	2 Qtrs
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$71.52K	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$389.64K	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$162.96K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$2.83M	USD	2 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$214.89K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.83M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-162.77K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-147.84K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-311.25K	USD	2 Qtrs
Interest expense	`InterestExpense`	$67.79K	USD	2 Qtrs
Interest expense	`InterestExpense`	$66.68K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Financing fees	`FeesAndCommissions`	$-132.60K	USD	2 Qtrs
Financing fees	`FeesAndCommissions`	$-132.60K	USD	1 Quarter
Loss on change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-16.59K	USD	1 Quarter
Loss on change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-16.59K	USD	2 Qtrs
Total other expenses	`OtherNonoperatingIncomeExpense`	$-215.87K	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	$-216.97K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-528.23K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-363.70K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.83M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-162.77K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	138.70M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	141.57M	shares	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	104.45M	shares	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	141.57M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-528.23K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-363.70K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.83M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-162.77K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$74.17K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$2.63M	USD	2 Qtrs
Non-cash finance fees and amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$200.39K	USD	2 Qtrs
Loss on change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-16.59K	USD	1 Quarter
Loss on change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-16.59K	USD	2 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-82.39K	USD	2 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-333.00	USD	2 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.39K	USD	2 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$4.64K	USD	2 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$-7.45K	USD	2 Qtrs
Change in deposits	`IncreaseDecreaseInDepositOtherAssets`	$-7.35K	USD	2 Qtrs
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$29.35K	USD	2 Qtrs
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$102.37K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-171.85K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-231.90K	USD	2 Qtrs
Purchase of furniture and fixtures	`PaymentsToAcquireFurnitureAndFixtures`	$20.36K	USD	2 Qtrs
Cash received in subsidiary acquisition	`CashAcquiredFromAcquisition`	$2.91K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.91K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.36K	USD	2 Qtrs
Proceeds from shareholder advances	`ProceedsFromRelatedPartyDebt`	$55.40K	USD	2 Qtrs
Payments on shareholder advances	`RepaymentsOfRelatedPartyDebt`	$12.80K	USD	2 Qtrs
Proceeds from issuance of convertible promissory notes	`ProceedsFromConvertibleDebt`	$326.50K	USD	2 Qtrs
Payments on promissory notes payable	`RepaymentsOfNotesPayable`	$149.00K	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$168.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$168.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$220.10K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-945.00	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.79K	USD	2 Qtrs
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.09K	USD	Point-in-time
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`	$15.88K	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.09K	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`	$15.88K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Notes payable issued related to acquisition of subsidiary	`NotesPayableIssuedRelatedToAcquisitionOfSubsidiary`	$850.00K	USD	2 Qtrs
Class B common stock issued to acquire assets of subsidiary	`ClassBCommonStockIssuedToAcquireAssetsOfSubsidiary`	$100.00K	USD	2 Qtrs

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