10-Q/A Filing

MEDICAL INNOVATION HOLDINGS, INC. CIK: 1093248 Q1 2013

Filing Information

Form Type	10-Q/A
Accession Number	`0001072588-12-000135`
Period End Date	20120731
Filing Date	20120918
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	mihi-20120731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 30 Cash Flow Statement 60 Stockholders Equity 7

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock Series A shares Authorized	`PreferredStockSeriesASharesAuthorized`	50.00	shares	Point-in-time
Preferred Stock Series A shares Authorized	`PreferredStockSeriesASharesAuthorized`	50.00	shares	Point-in-time
Cash	`Cash`	-	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
Cash	`Cash`	$4.72K	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$31.57K	USD	Point-in-time
Receivables	`AccountsReceivableGross`	$237.72K	USD	Point-in-time
Receivables	`AccountsReceivableGross`	$237.72K	USD	Point-in-time
Preferred stock Series A, issued shares	`PreferredStockSeriesIssuedShares`	30.00	shares	Point-in-time
Preferred stock Series A, issued shares	`PreferredStockSeriesIssuedShares`	30.00	shares	Point-in-time
Reserve	`AllowanceForDoubtfulAccountsReceivable`	$237.72K	USD	Point-in-time
Reserve	`AllowanceForDoubtfulAccountsReceivable`	$237.72K	USD	Point-in-time
Preferred stock Series A, outstanding shares	`PreferredStockSeriesOutstandingShares`	30.00	shares	Point-in-time
Preferred stock Series A, outstanding shares	`PreferredStockSeriesOutstandingShares`	30.00	shares	Point-in-time
Total receivables	`AccountsReceivableNet`	-	USD	Point-in-time
Preferred Stock Series B shares Authorized	`PreferredStockSeriesBSharesAuthorized`	100.00	shares	Point-in-time
Preferred Stock Series B shares Authorized	`PreferredStockSeriesBSharesAuthorized`	100.00	shares	Point-in-time
Total receivables	`AccountsReceivableNet`	-	USD	Point-in-time
Inventory	`InventoryNet`	$224.57K	USD	Point-in-time
Preferred Stock Series B shares par value	`PreferredStockSeriesBShareParValue`	$0.00	USD	Point-in-time
Preferred Stock Series B shares par value	`PreferredStockSeriesBShareParValue`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$99.64K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$131.21K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$224.57K	USD	Point-in-time
Preferred stock Series B , issued shares	`PreferredStockSeriesBIssuedShares`	20.00	shares	Point-in-time
Preferred stock Series B , issued shares	`PreferredStockSeriesBIssuedShares`	20.00	shares	Point-in-time
Property & Equipment	`PropertyPlantAndEquipmentGross`	$753.33K	USD	Point-in-time
Preferred stock Series B , outstanding shares	`PreferredStockSeriesBOutstandingShares`	20.00	shares	Point-in-time
Preferred stock Series B , outstanding shares	`PreferredStockSeriesBOutstandingShares`	20.00	shares	Point-in-time
Property & Equipment	`PropertyPlantAndEquipmentGross`	$765.19K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$441.21K	USD	Point-in-time
Common Stock shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$465.74K	USD	Point-in-time
Common Stock shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentNet`	$299.45K	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
Total Property & Equipment	`PropertyPlantAndEquipmentNet`	$312.13K	USD	Point-in-time
Common Stock shares Issued	`CommonStockSharesIssued`	55.89M	shares	Point-in-time
Common Stock shares Issued	`CommonStockSharesIssued`	55.89M	shares	Point-in-time
Common Stock shares Outstanding	`CommonStockSharesOutstanding`	55.89M	shares	Point-in-time
Prepaid Expenses and deposits	`PrepaidExpenseNoncurrent`	$9.47K	USD	Point-in-time
Common Stock shares Outstanding	`CommonStockSharesOutstanding`	55.89M	shares	Point-in-time
Prepaid Expenses and deposits	`PrepaidExpenseNoncurrent`	$9.47K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$440.12K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$546.16K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$684.68K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$621.69K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$116.33K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$458.95K	USD	Point-in-time
Short term debt	`ShortTermBorrowings`	$132.61K	USD	Point-in-time
Short term debt	`ShortTermBorrowings`	$125.27K	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	-	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	$192.00	USD	Point-in-time
Customer Deposit	`CustomerDepositsCurrent`	$360.47K	USD	Point-in-time
Customer Deposit	`CustomerDepositsCurrent`	$428.89K	USD	Point-in-time
Stock committed to be issued	`SharesCommitedToBeIssued`	$500.00	USD	Point-in-time
Stock committed to be issued	`SharesCommitedToBeIssued`	-	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$90.50K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$110.50K	USD	Point-in-time
Related party payable	`DueToRelatedPartiesCurrent`	$50.00K	USD	Point-in-time
Related party payable	`DueToRelatedPartiesCurrent`	$57.50K	USD	Point-in-time
Related Parties - short-term	`DueToOfficersOrStockholdersCurrent`	$683.04K	USD	Point-in-time
Related Parties - short-term	`DueToOfficersOrStockholdersCurrent`	$1.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.54M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.54M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.41M	USD	Point-in-time
Series A preferred stock, $0.01 par value, 50 shares authorized, 30 shares issued and outstanding	`PreferredStockSeriesA`	$360.00K	USD	Point-in-time
Series A preferred stock, $0.01 par value, 50 shares authorized, 30 shares issued and outstanding	`PreferredStockSeriesA`	$360.00K	USD	Point-in-time
Series B preferred stock, $0.001 par value, 100 shares authorized, 20 shares issued and outstanding	`PreferredStockSeriesB`	$20.00K	USD	Point-in-time
Series B preferred stock, $0.001 par value, 100 shares authorized, 20 shares issued and outstanding	`PreferredStockSeriesB`	$20.00K	USD	Point-in-time
Common stock, $0.0001 par value, 500,000,000 shares authorized, 55,890,117 shares issued and outstanding respectively	`CommonStockValue`	$5.59K	USD	Point-in-time
Common stock, $0.0001 par value, 500,000,000 shares authorized, 55,890,117 shares issued and outstanding respectively	`CommonStockValue`	$5.59K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.88M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.26M	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquity`	$-1.97M	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquity`	$-1.99M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$546.16K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$440.12K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$642.75K	USD	1 Quarter
Sales, net	`Revenues`	$300.66K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$463.43K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsSold`	$177.29K	USD	1 Quarter
Gross Profit (Loss)	`GrossProfit`	$179.33K	USD	1 Quarter
Gross Profit (Loss)	`GrossProfit`	$123.37K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$105.50K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$477.29K	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$41.24K	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$26.20K	USD	1 Quarter
Write-off of assets	`ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfImpairmentLoss`	-	USD	1 Quarter
Write-off of assets	`ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfImpairmentLoss`	-	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$32.59K	USD	1 Quarter
Income (Loss) from operations	`OperatingIncomeLoss`	$-380.12K	USD	1 Quarter
Other income (expense)	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Other income (expense)	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$15.57K	USD	1 Quarter
Interest expense	`InterestExpense`	$52.01K	USD	1 Quarter
Net other Income (Loss)	`OtherNonoperatingGainsLosses`	$-15.57K	USD	1 Quarter
Net other Income (Loss)	`OtherNonoperatingGainsLosses`	$-52.01K	USD	1 Quarter
Net Income (loss)	`ProfitLoss`	$-432.13K	USD	1 Quarter
Net Income (loss)	`ProfitLoss`	$17.02K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	51.21M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	55.89M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.21M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	55.89M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-432.13K	USD	1 Quarter
Net loss	`ProfitLoss`	$17.02K	USD	1 Quarter
Common stock expenses	`CommonStockExpenses`	$245.00K	USD	1 Quarter
Common stock expenses	`CommonStockExpenses`	$500.00	USD	1 Quarter
Depreciation expenses	`Depreciation`	$24.54K	USD	1 Quarter
Depreciation expenses	`Depreciation`	$41.85K	USD	1 Quarter
Write-off of fixed assets	`ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfImpairmentLoss`	-	USD	1 Quarter
Write-off of fixed assets	`ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfImpairmentLoss`	-	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$20.05K	USD	1 Quarter
(increase) decrease in other receivable	`IncreaseDecreaseInOtherReceivables`	-	USD	1 Quarter
(increase) decrease in other receivable	`IncreaseDecreaseInOtherReceivables`	$2.11K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-124.93K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-35.49K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$117.91K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-62.99K	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.44K	USD	1 Quarter
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$73.20K	USD	1 Quarter
Increase (decrease) in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-147.69K	USD	1 Quarter
Increase (decrease) in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$-68.42K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$21.99K	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$343.60K	USD	1 Quarter
Net cash (used) received in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-88.53K	USD	1 Quarter
Net cash (used) received in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$39.02K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.86K	USD	1 Quarter
Total cash flow used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.86K	USD	1 Quarter
Total cash flow used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-192.00	USD	1 Quarter
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	1 Quarter
Proceeds (payment) from note payable	`ProceedsFromNotesPayable`	$20.00K	USD	1 Quarter
Proceeds (payment) from note payable	`ProceedsFromNotesPayable`	$86.80K	USD	1 Quarter
Proceeds (payments) from related party notes payables	`RepaymentsOfRelatedPartyDebt`	$6.40K	USD	1 Quarter
Proceeds (payments) from related party notes payables	`RepaymentsOfRelatedPartyDebt`	$7.50K	USD	1 Quarter
Proceeds (payments) from related party notes payables shareholders	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-549.00	USD	1 Quarter
Proceeds (payments) from related party notes payables shareholders	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Proceeds (payment) from Lines of Credit & Credit Cards	`RepaymentsOfShortTermDebt`	$4.50K	USD	1 Quarter
Proceeds (payment) from Lines of Credit & Credit Cards	`RepaymentsOfShortTermDebt`	$7.35K	USD	1 Quarter
Proceeds from stock subscription	`ProceedsFromStockSubscription`	-	USD	1 Quarter
Proceeds from stock subscription	`ProceedsFromStockSubscription`	-	USD	1 Quarter
Total cash flow provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$75.89K	USD	1 Quarter
Total cash flow provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.41K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$31.57K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.64K	USD	1 Quarter
Cash and cash equivalents - beginning of period	`Cash`	-	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`	-	USD	Point-in-time
Cash and cash equivalents - beginning of period	`Cash`	$31.57K	USD	Point-in-time
Cash and cash equivalents - end of period	`Cash`	-	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`	-	USD	Point-in-time
Cash and cash equivalents - end of period	`Cash`	$31.57K	USD	Point-in-time
Interest Paid	`InterestPaid`	$17.01K	USD	1 Quarter
Interest Paid	`InterestPaid`	$15.57K	USD	1 Quarter
Taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Stock issued for services	`StockIssuedForServices`	$30.51K	USD	1 Quarter
Stock issued for services	`StockIssuedForServices`	$245.00K	USD	1 Quarter

Stockholders Equity 7 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-1.97M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Net income	`NetIncomeLoss`	$17.02K	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-1.97M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-1.99M	USD	Point-in-time

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