10-Q Filing

GLOBAL VISION HOLDINGS, INC. CIK: 1497120 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001019687-13-004454`
Period End Date	20130930
Filing Date	20131119
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	gvhin-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 64 Cash Flow Statement 62

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	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`	$263.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.12K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.88K	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	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`	$63.32K	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
Inventory	`InventoryNet`	$28.49K	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`	$40.74K	USD	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`	$132.81K	USD	Point-in-time
Furniture and Fixtures, net	`PropertyPlantAndEquipmentNet`	$20.36K	USD	Point-in-time
Furniture and Fixtures, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Deposits	`DepositAssets`	-	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`	$280.44K	USD	Point-in-time
Total assets	`Assets`	$1.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.84K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$175.11K	USD	Point-in-time
Advance from shareholder	`DueToRelatedPartiesCurrent`	$34.65K	USD	Point-in-time
Advance from shareholder	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Convertible notes, net of discount	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible notes, net of discount	`ConvertibleNotesPayableCurrent`	$558.75K	USD	Point-in-time
Current portions of promissory notes payable	`NotesPayableCurrent`	$55.00K	USD	Point-in-time
Current portions of promissory notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$187.71K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$40.84K	USD	Point-in-time
Promissory notes payable, net of current portion	`LongTermDebt`	-	USD	Point-in-time
Promissory notes payable, net of current portion	`LongTermDebt`	$785.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.80M	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`	$3.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.62M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-522.90K	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 64 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$3.80K	USD	1 Quarter
Net sales	`SalesRevenueNet`	$428.34K	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$8.98K	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$205.92K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$288.53K	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$2.91K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$144.51K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$7.05K	USD	3 Qtrs
Gross margin	`GrossProfit`	$892.00	USD	1 Quarter
Gross margin	`GrossProfit`	$61.41K	USD	1 Quarter
Gross margin	`GrossProfit`	$1.94K	USD	3 Qtrs
Gross margin	`GrossProfit`	$139.80K	USD	3 Qtrs
Compensation	`OfficersCompensation`	$47.42K	USD	1 Quarter
Compensation	`OfficersCompensation`	$64.93K	USD	1 Quarter
Compensation	`OfficersCompensation`	$104.87K	USD	3 Qtrs
Compensation	`OfficersCompensation`	$2.68M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$34.08K	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`	$1.96K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$35.47K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$318.01K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$71.95K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$193.20K	USD	3 Qtrs
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$88.56K	USD	3 Qtrs
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$27.28K	USD	1 Quarter
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$17.04K	USD	1 Quarter
Other general and adminstrative	`GeneralAndAdministrativeExpense`	$63.97K	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$116.82K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$155.88K	USD	1 Quarter
Total operating expenses	`OperatingCostsAndExpenses`	$545.52K	USD	3 Qtrs
Total operating expenses	`OperatingCostsAndExpenses`	$2.95M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.95M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-94.47K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-115.93K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-405.72K	USD	3 Qtrs
Interest expense	`InterestExpense`	$177.49K	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$109.70K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Financing fees	`FeesAndCommissions`	$-171.82K	USD	3 Qtrs
Financing fees	`FeesAndCommissions`	-	USD	1 Quarter
Financing fees	`FeesAndCommissions`	-	USD	3 Qtrs
Financing fees	`FeesAndCommissions`	$-39.23K	USD	1 Quarter
Loss on change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	-	USD	1 Quarter
Loss on change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-27.35K	USD	3 Qtrs
Loss on change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-10.76K	USD	1 Quarter
Loss on change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	-	USD	3 Qtrs
Total other expenses	`OtherNonoperatingIncomeExpense`	$-376.67K	USD	3 Qtrs
Total other expenses	`OtherNonoperatingIncomeExpense`	$-159.69K	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	-	USD	3 Qtrs
Total other expenses	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-782.39K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.95M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-115.93K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-254.16K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	141.04M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	141.62M	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	141.73M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	116.65M	shares	3 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-782.39K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.95M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-115.93K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-254.16K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$77.92K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$2.64M	USD	3 Qtrs
Non-cash finance fees and amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Non-cash finance fees and amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$349.32K	USD	3 Qtrs
Loss on change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	-	USD	1 Quarter
Loss on change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-27.35K	USD	3 Qtrs
Loss on change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-10.76K	USD	1 Quarter
Loss on change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	-	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-959.00	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-54.51K	USD	3 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$19.48K	USD	3 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.39K	USD	3 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$-25.28K	USD	3 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$7.94K	USD	3 Qtrs
Change in deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	3 Qtrs
Change in deposits	`IncreaseDecreaseInDepositOtherAssets`	$-7.35K	USD	3 Qtrs
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$134.27K	USD	3 Qtrs
Change in accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.65K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-289.31K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-261.18K	USD	3 Qtrs
Purchase of furniture and fixtures	`PaymentsToAcquireFurnitureAndFixtures`	-	USD	3 Qtrs
Purchase of furniture and fixtures	`PaymentsToAcquireFurnitureAndFixtures`	$20.36K	USD	3 Qtrs
Cash received in subsidiary acquisition	`CashAcquiredFromAcquisition`	-	USD	3 Qtrs
Cash received in subsidiary acquisition	`CashAcquiredFromAcquisition`	$7.82K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.36K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$7.82K	USD	3 Qtrs
Proceeds from shareholder advances	`ProceedsFromRelatedPartyDebt`	$55.40K	USD	3 Qtrs
Proceeds from shareholder advances	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Payments on shareholder advances	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Payments on shareholder advances	`RepaymentsOfRelatedPartyDebt`	$20.75K	USD	3 Qtrs
Proceeds from issuance of convertible promissory notes	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Proceeds from issuance of convertible promissory notes	`ProceedsFromConvertibleDebt`	$370.91K	USD	3 Qtrs
Payments on promissory notes payable	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Payments on promissory notes payable	`RepaymentsOfNotesPayable`	$160.00K	USD	3 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$309.60K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$245.56K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$309.60K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$28.12K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.62K	USD	3 Qtrs
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`	$263.00	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`	$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`	$263.00	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`	$15.88K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Notes payable issued related to acquisition of subsidiary	`NotesPayableIssuedRelatedToAcquisitionOfSubsidiary`	-	USD	3 Qtrs
Notes payable issued related to acquisition of subsidiary	`NotesPayableIssuedRelatedToAcquisitionOfSubsidiary`	$860.00K	USD	3 Qtrs
Stock issued for settlement of convertible promissory notes	`StockIssuedForSettlementOfConvertiblePromissoryNotes`	$15.00K	USD	3 Qtrs
Stock issued for settlement of convertible promissory notes	`StockIssuedForSettlementOfConvertiblePromissoryNotes`	-	USD	3 Qtrs
Stock issued in acquisition	`StockIssuedDuringPeriodValueAcquisitions`	-	USD	3 Qtrs
Stock issued in acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$100.00K	USD	3 Qtrs

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