10-Q/A Filing

MEDICAL INNOVATION HOLDINGS, INC. CIK: 1093248 Q1 2012

Filing Information

Form Type	10-Q/A
Accession Number	`0001072588-11-000203`
Period End Date	20110731
Filing Date	20111012
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	mihi-20110731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 35 Cash Flow Statement 55 Stockholders Equity 12

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock shares par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock shares par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`Cash`	$17.35K	USD	Point-in-time
Preferred Stock shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$107.22K	USD	Point-in-time
Cash	`Cash`	$4.72K	USD	Point-in-time
Preferred Stock shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$10.63K	USD	Point-in-time
Preferred Stock Series A shares par value	`PreferredStockSeriesASharesParValue`	$0.01	USD	Point-in-time
Preferred Stock Series A shares par value	`PreferredStockSeriesASharesParValue`	$0.01	USD	Point-in-time
Receivables	`AccountsReceivableNetCurrent`	$5.89K	USD	Point-in-time
Receivables	`AccountsReceivableNetCurrent`	$25.94K	USD	Point-in-time
Preferred Stock Series A shares Authorized	`PreferredStockSeriesSharesAuthorized`	50.00	shares	Point-in-time
Inventory	`InventoryNet`	$99.64K	USD	Point-in-time
Inventory	`InventoryNet`	$64.15K	USD	Point-in-time
Preferred Stock Series A shares Authorized	`PreferredStockSeriesSharesAuthorized`	50.00	shares	Point-in-time
Preferred Stock Series A shares Issued	`PreferredStockSeriesASharesIssued`	20.00	shares	Point-in-time
Preferred Stock Series A shares Issued	`PreferredStockSeriesASharesIssued`	20.00	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	-	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	-	USD	Point-in-time
Preferred Stock Series A shares Outstanding	`PreferredStockSeriesASharesOutstanding`	20.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$122.88K	USD	Point-in-time
Preferred Stock Series A shares Outstanding	`PreferredStockSeriesASharesOutstanding`	20.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$94.81K	USD	Point-in-time
Common Stock shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$848.21K	USD	Point-in-time
Property Plant and Equipment	`PropertyPlantAndEquipmentGross`	$848.21K	USD	Point-in-time
Common Stock shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock shares Issued	`CommonStockSharesIssued`	51.11M	shares	Point-in-time
Common Stock shares Issued	`CommonStockSharesIssued`	54.11M	shares	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-422.27K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-464.13K	USD	Point-in-time
Total Fixed Assets	`PropertyPlantAndEquipmentNet`	$384.09K	USD	Point-in-time
Common Stock shares Outstanding	`CommonStockSharesOutstanding`	51.11M	shares	Point-in-time
Total Fixed Assets	`PropertyPlantAndEquipmentNet`	$425.94K	USD	Point-in-time
Common Stock shares Outstanding	`CommonStockSharesOutstanding`	54.11M	shares	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$33.57K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$31.46K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$512.47K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$580.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$759.87K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$877.78K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$369.20K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$295.99K	USD	Point-in-time
Short term debt	`ShortTermBorrowings`	$210.06K	USD	Point-in-time
Short term debt	`ShortTermBorrowings`	$214.56K	USD	Point-in-time
Customer Deposit	`CustomerDepositsCurrent`	$238.50K	USD	Point-in-time
Customer Deposit	`CustomerDepositsCurrent`	$90.80K	USD	Point-in-time
Shares commited to be issued	`SharesCommitedToBeIssued`	$7.96K	USD	Point-in-time
Shares commited to be issued	`SharesCommitedToBeIssued`	$2.96K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$148.87K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$62.08K	USD	Point-in-time
Related party payable accrued	`DueToRelatedPartiesCurrent`	$833.48K	USD	Point-in-time
Related party payable accrued	`DueToRelatedPartiesCurrent`	$833.48K	USD	Point-in-time
Related Parties - short-term borrowings from shareholders	`DueToOfficersOrStockholdersCurrent`	$411.42K	USD	Point-in-time
Related Parties - short-term borrowings from shareholders	`DueToOfficersOrStockholdersCurrent`	$417.82K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.83M	USD	Point-in-time
Preferred stock, $.01 par value, 10,000,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value, 10,000,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Series A preferred stock, $0.01 par value, 50 shares authorized, 20 shares issued and outstanding	`PreferredStockSeriesA`	$240.00K	USD	Point-in-time
Series A preferred stock, $0.01 par value, 50 shares authorized, 20 shares issued and outstanding	`PreferredStockSeriesA`	$240.00K	USD	Point-in-time
Common stock, $.0001 par value, 100,000,000 shares authorized, 54,110,497 and 51,110,497 shares issued and outstanding on July 31, 2010 and April 30, 2010	`CommonStockValue`	$5.11K	USD	Point-in-time
Common stock, $.0001 par value, 100,000,000 shares authorized, 54,110,497 and 51,110,497 shares issued and outstanding on July 31, 2010 and April 30, 2010	`CommonStockValue`	$5.41K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.01M	USD	Point-in-time
Total Medina International Holdings, Inc. stockholders' equity	`StockholdersEquity`	$-2.24M	USD	Point-in-time
Total Medina International Holdings, Inc. stockholders' equity	`StockholdersEquity`	$-2.42M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-19.52K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.24M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.44M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.68M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$580.28K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$512.47K	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$300.66K	USD	1 Quarter
Sales, net	`Revenues`	$488.26K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$355.26K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$177.29K	USD	1 Quarter
Gross Profit	`GrossProfit`	$133.00K	USD	1 Quarter
Gross Profit	`GrossProfit`	$123.37K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$102.37K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$477.29K	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$26.20K	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$53.13K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-22.50K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-380.12K	USD	1 Quarter
Interest expense	`InterestExpense`	$10.01K	USD	1 Quarter
Interest expense	`InterestExpense`	$-52.01K	USD	1 Quarter
Net other income	`NonoperatingIncomeExpense`	$-52.01K	USD	1 Quarter
Net other income	`NonoperatingIncomeExpense`	$-10.01K	USD	1 Quarter
Loss before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-32.51K	USD	1 Quarter
Loss before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-432.13K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Income (loss)	`ProfitLoss`	$-32.51K	USD	1 Quarter
Net Income (loss)	`ProfitLoss`	$-566.02K	USD	Annual
Net Income (loss)	`ProfitLoss`	$-432.13K	USD	1 Quarter
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$19.52K	USD	1 Quarter
Less: Net (income) loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net Income (loss) attributable to Medina Internationa Holdings, Inc.	`NetIncomeLoss`	$-32.51K	USD	1 Quarter
Net Income (loss) attributable to Medina Internationa Holdings, Inc.	`NetIncomeLoss`	$-412.62K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.00	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	51.01M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	51.21M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.21M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.01M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-32.51K	USD	1 Quarter
Net loss	`ProfitLoss`	$-566.02K	USD	Annual
Net loss	`ProfitLoss`	$-432.13K	USD	1 Quarter
Common stock issued in exchange for Consulting	`CommonStockIssuedInExchangeForConsulting`	$240.00K	USD	1 Quarter
Common stock issued in exchange for Consulting	`CommonStockIssuedInExchangeForConsulting`	-	USD	1 Quarter
Common stock issued in exchange services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.25K	USD	1 Quarter
Common stock issued in exchange services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$5.00K	USD	1 Quarter
Depreciation	`Depreciation`	$41.85K	USD	1 Quarter
Depreciation	`Depreciation`	$39.26K	USD	1 Quarter
Impairment Loss on Investment	`ImpairmentOfInvestments`	-	USD	1 Quarter
Impairment Loss on Investment	`ImpairmentOfInvestments`	-	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInAccountsReceivable`	$-20.05K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$28.57K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$35.49K	USD	1 Quarter
(increase) decrease in other receivables	`IncreaseDecreaseInOtherReceivables`	$-2.11K	USD	1 Quarter
(increase) decrease in other receivables	`IncreaseDecreaseInOtherReceivables`	$-10.52K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$117.91K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-51.26K	USD	1 Quarter
Increase (decrease) in accrued payables	`IncreaseDecreaseInAccruedLiabilities`	$26.52K	USD	1 Quarter
Increase (decrease) in accrued payables	`IncreaseDecreaseInAccruedLiabilities`	$73.20K	USD	1 Quarter
Increase (decrease) in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-147.69K	USD	1 Quarter
Increase (decrease) in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-64.70K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$343.60K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-30.88K	USD	1 Quarter
Net cash received from (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-88.53K	USD	1 Quarter
Net cash received from (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-63.39K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds (payments) on/from notes payables, related party	`RepaymentsOfRelatedPartyDebt`	$-7.60K	USD	1 Quarter
Proceeds (payments) on/from notes payables, related party	`RepaymentsOfRelatedPartyDebt`	$-6.40K	USD	1 Quarter
Proceeds (payment) on/from note payable	`ProceedsFromNotesPayable`	$86.80K	USD	1 Quarter
Proceeds (payment) on/from note payable	`ProceedsFromNotesPayable`	$-29.00K	USD	1 Quarter
Proceeds (payment) on/from short term debt & Lines of Credit	`RepaymentsOfShortTermDebt`	$3.40K	USD	1 Quarter
Proceeds (payment) on/from short term debt & Lines of Credit	`RepaymentsOfShortTermDebt`	$-4.50K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$75.89K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-33.20K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-96.59K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.64K	USD	1 Quarter
Cash and cash equivalents - beginning of period	`Cash`	$17.35K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`Cash`	$107.22K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`Cash`	$4.72K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`Cash`	$10.63K	USD	Point-in-time
Cash and cash equivalents - end of period	`Cash`	$17.35K	USD	Point-in-time
Cash and cash equivalents - end of period	`Cash`	$107.22K	USD	Point-in-time
Cash and cash equivalents - end of period	`Cash`	$4.72K	USD	Point-in-time
Cash and cash equivalents - end of period	`Cash`	$10.63K	USD	Point-in-time
Interest Paid	`InterestPaid`	$10.01K	USD	1 Quarter
Interest Paid	`InterestPaid`	$17.01K	USD	1 Quarter
Taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Equipment Purchased from related party	`EquipmentPurchasedFromRelatedParty`	-	USD	1 Quarter
Equipment Purchased from related party	`EquipmentPurchasedFromRelatedParty`	-	USD	1 Quarter
Stock issued for compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock issued for compensation	`ShareBasedCompensation`	$1.25K	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Opening Balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.24M	USD	Point-in-time
Opening Balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.44M	USD	Point-in-time
Opening Balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.68M	USD	Point-in-time
Stock issued to Directors, amount	`StockIssuedToDirectorsAmount`	$4.38K	USD	Annual
Shares issued for services, amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.00K	USD	Annual
Stock issued for 51% acquisition, amount	`StockIssuedDuringPeriodValueAcquisitions`	$240.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-32.51K	USD	1 Quarter
Net loss	`ProfitLoss`	$-566.02K	USD	Annual
Net loss	`ProfitLoss`	$-432.13K	USD	1 Quarter
Ending Balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.24M	USD	Point-in-time
Ending Balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.44M	USD	Point-in-time
Ending Balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.68M	USD	Point-in-time

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