10-K/A Filing

MEDICAL INNOVATION HOLDINGS, INC. CIK: 1093248 FY 2013

Filing Information

Form Type	10-K/A
Accession Number	`0001072588-13-000100`
Period End Date	20130430
Filing Date	20130906
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	mihi-20130430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 36 Cash Flow Statement 74 Stockholders Equity 14

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$2.63K	USD	Point-in-time
Series A Preferred Stock shares Authorized	`SeriesAPreferredStockSharesAuthorized`	50.00	shares	Point-in-time
Inventory	`InventoryNet`	$193.75K	USD	Point-in-time
Inventory	`InventoryNet`	$224.57K	USD	Point-in-time
Series A Preferred Stock shares Authorized	`SeriesAPreferredStockSharesAuthorized`	50.00	shares	Point-in-time
Series A Preferred Stock shares par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Receivables	`AccountsReceivableGross`	$237.72K	USD	Point-in-time
Series A Preferred Stock shares par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Receivables	`AccountsReceivableGross`	$247.72K	USD	Point-in-time
Reserve	`AllowanceForDoubtfulAccountsReceivable`	$237.72K	USD	Point-in-time
Series A Preferred stock shares Issued	`PreferredStockSharesIssued`	30.00	shares	Point-in-time
Reserve	`AllowanceForDoubtfulAccountsReceivable`	$237.72K	USD	Point-in-time
Series A Preferred stock shares Issued	`PreferredStockSharesIssued`	20.00	shares	Point-in-time
Series A Preferred stock shares Outstanding	`PreferredStockSharesOutstanding`	30.00	shares	Point-in-time
Total receivables	`AccountsReceivableNet`	-	USD	Point-in-time
Series A Preferred stock shares Outstanding	`PreferredStockSharesOutstanding`	20.00	shares	Point-in-time
Total receivables	`AccountsReceivableNet`	$10.00K	USD	Point-in-time
Preferred Stock Series B shares Authorized	`PreferredStockSeriesBSharesAuthorized`	100.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$224.57K	USD	Point-in-time
Preferred Stock Series B shares Authorized	`PreferredStockSeriesBSharesAuthorized`	100.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$206.38K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$753.33K	USD	Point-in-time
Preferred Stock Series B shares par value	`PreferredStockSeriesBShareParValue`	$0.00	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$768.96K	USD	Point-in-time
Preferred Stock Series B shares par value	`PreferredStockSeriesBShareParValue`	$0.00	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$526.43K	USD	Point-in-time
Preferred stock Series B, shares Issued	`PreferredStockSeriesBIssuedShares`	20.00	shares	Point-in-time
Preferred stock Series B, shares Issued	`PreferredStockSeriesBIssuedShares`	20.00	shares	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$441.21K	USD	Point-in-time
Preferred stock Series B, shares Outstanding	`PreferredStockSeriesBOutstandingShares`	20.00	shares	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentNet`	$312.13K	USD	Point-in-time
Preferred stock Series B, shares Outstanding	`PreferredStockSeriesBOutstandingShares`	20.00	shares	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentNet`	$242.52K	USD	Point-in-time
Prepaid expenses & deposits	`PrepaidExpenseNoncurrent`	$9.47K	USD	Point-in-time
Prepaid expenses & deposits	`PrepaidExpenseNoncurrent`	$18.67K	USD	Point-in-time
Common Stock shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$546.16K	USD	Point-in-time
Common Stock shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$467.58K	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
Common Stock shares Outstanding	`CommonStockSharesOutstanding`	55.89M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$656.90K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$684.68K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$709.98K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$458.95K	USD	Point-in-time
Short term debt	`ShortTermBorrowings`	$128.84K	USD	Point-in-time
Short term debt	`ShortTermBorrowings`	$132.61K	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	$9.43K	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	$192.00	USD	Point-in-time
Customer deposit	`CustomerDepositsCurrent`	$428.89K	USD	Point-in-time
Customer deposit	`CustomerDepositsCurrent`	$538.58K	USD	Point-in-time
Stock committed to be issued	`StockSubscriptionPayable`	-	USD	Point-in-time
Stock committed to be issued	`StockSubscriptionPayable`	$7.70K	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 borrowings from shareholders	`DueToOfficersOrStockholdersCurrent`	$663.12K	USD	Point-in-time
Related parties - short-term borrowings from shareholders	`DueToOfficersOrStockholdersCurrent`	$683.04K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.54M	USD	Point-in-time
Preferred stock 10,000,000 shares authorized Series A preferred stock, $0.01 par value, 50 shares authorized, 30 shares issued and outstanding as on April 30, 2013 & 2012	`PreferredStockValue`	$360.00K	USD	Point-in-time
Preferred stock 10,000,000 shares authorized Series A preferred stock, $0.01 par value, 50 shares authorized, 30 shares issued and outstanding as on April 30, 2013 & 2012	`PreferredStockValue`	$360.00K	USD	Point-in-time
Series B preferred stock, $0.001 par value,100 shares authorized, 20 shares issued and outstanding as on April 30, 2013	`PreferredStockSeriesBvalue`	$20.00K	USD	Point-in-time
Series B preferred stock, $0.001 par value,100 shares authorized, 20 shares issued and outstanding as on April 30, 2013	`PreferredStockSeriesBvalue`	$20.00K	USD	Point-in-time
Common stock, $0.0001 par value: 500,000,000 shares authorized 55,890,117 and 55,890,117 shares issued and outstanding as on April 30, 2013 and April 30, 2012	`CommonStockValue`	$5.59K	USD	Point-in-time
Common stock, $0.0001 par value: 500,000,000 shares authorized 55,890,117 and 55,890,117 shares issued and outstanding as on April 30, 2013 and April 30, 2012	`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`	$-7.67M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.26M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-2.24M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-2.41M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Total liabilities and shareholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$467.58K	USD	Point-in-time
Total liabilities and shareholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$546.16K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`Revenues`	$1.36M	USD	Annual
Sales, net	`Revenues`	$419.40K	USD	Annual
Cost of Goods Sold	`CostOfGoodsSold`	$1.07M	USD	Annual
Cost of Goods Sold	`CostOfGoodsSold`	$342.74K	USD	Annual
Gross Profit (loss)	`GrossProfit`	$282.08K	USD	Annual
Gross Profit (loss)	`GrossProfit`	$76.66K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$562.15K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.09M	USD	Annual
Selling and marketing expenses	`SellingAndMarketingExpense`	$63.44K	USD	Annual
Selling and marketing expenses	`SellingAndMarketingExpense`	$99.26K	USD	Annual
Write-off of assets	`ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfImpairmentLoss`	-	USD	Annual
Write-off of assets	`ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleAmountOfImpairmentLoss`	-	USD	Annual
Income (Loss) from operations	`OperatingIncomeLoss`	$-1.08M	USD	Annual
Income (Loss) from operations	`OperatingIncomeLoss`	$-379.33K	USD	Annual
Other income - Gain on debt relief	`GainsLossesOnExtinguishmentOfDebt`	$17.16K	USD	Annual
Other income - Gain on debt relief	`GainsLossesOnExtinguishmentOfDebt`	$24.87K	USD	Annual
Other income	`NonoperatingIncomeExpense`	$1.93K	USD	Annual
Other income	`NonoperatingIncomeExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$64.75K	USD	Annual
Interest expense	`InterestExpense`	$187.45K	USD	Annual
Net other Income (loss)	`OtherNonoperatingGainsLosses`	$-170.29K	USD	Annual
Net other Income (loss)	`OtherNonoperatingGainsLosses`	$-39.88K	USD	Annual
Loss before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.25M	USD	Annual
Loss before income tax (expense) benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-417.28K	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net Loss from operations	`ProfitLoss`	$-1.25M	USD	Annual
Net Loss from operations	`ProfitLoss`	$-417.28K	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.01	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.02	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.02	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.80M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	55.89M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.80M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	55.89M	shares	Annual

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.25M	USD	Annual
Net loss	`ProfitLoss`	$-417.28K	USD	Annual
Common stock expenses	`ShareBasedCompensation`	$30.51K	USD	Annual
Common stock expenses	`ShareBasedCompensation`	$7.70K	USD	Annual
Depreciation expenses	`Depreciation`	$91.68K	USD	Annual
Depreciation expenses	`Depreciation`	$119.89K	USD	Annual
Gain on debt relief	`ExtinguishmentOfDebtGainLossNetOfTax`	$-17.16K	USD	Annual
Gain on debt relief	`ExtinguishmentOfDebtGainLossNetOfTax`	$-24.87K	USD	Annual
Loss on sale of asset	`GainLossOnDispositionOfAssets1`	$-224.00	USD	Annual
Loss on sale of asset	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Beneficial loan conversion	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	Annual
Beneficial loan conversion	`DebtInstrumentConvertibleBeneficialConversionFeature`	$-119.71K	USD	Annual
Preferred A stock issued for services	`PreferredStockAIssuedForServices`	-	USD	Annual
Preferred A stock issued for services	`PreferredStockAIssuedForServices`	$120.00K	USD	Annual
Preferred B stock issued for services	`PreferredBStockBIssuedForServices`	$20.00K	USD	Annual
Preferred B stock issued for services	`PreferredBStockBIssuedForServices`	-	USD	Annual
Decrease (Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.89K	USD	Annual
Decrease (Increase) in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Decrease (Increase) in other receivable	`IncreaseDecreaseInOtherReceivables`	$1.69K	USD	Annual
Decrease (Increase) in other receivable	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$-30.82K	USD	Annual
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$124.93K	USD	Annual
Increase (Decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-52.65K	USD	Annual
Increase (Decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$116.05K	USD	Annual
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$251.03K	USD	Annual
Increase (decrease) in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$189.95K	USD	Annual
Increase (Decrease) in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$190.40K	USD	Annual
Increase (Decrease) in customer deposits	`IncreaseDecreaseInCustomerDeposits`	$109.69K	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$9.21K	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-23.68K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$454.17K	USD	Annual
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$826.64K	USD	Annual
Net cash (used) received in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$36.89K	USD	Annual
Net cash (used) received in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-420.05K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$107.03K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$37.30K	USD	Annual
Sale of asset	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.00K	USD	Annual
Sale of asset	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Total cash flow used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-107.03K	USD	Annual
Total cash flow used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-32.30K	USD	Annual
Bank overdraft	`ProceedsFromBankDebt`	$192.00	USD	Annual
Bank overdraft	`ProceedsFromBankDebt`	$9.24K	USD	Annual
Proceeds (Payment) from note payable	`ProceedsFromNotesPayable`	$95.00K	USD	Annual
Proceeds (Payment) from note payable	`ProceedsFromNotesPayable`	$20.00K	USD	Annual
Proceeds (Payments) from notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$7.50K	USD	Annual
Proceeds (Payments) from notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$4.58K	USD	Annual
Proceeds/(Payments) from related party note payable shareholders	`ProceedspaymentsFromRelatedPartyNotePayableShareholders`	$-19.20K	USD	Annual
Proceeds/(Payments) from related party note payable shareholders	`ProceedspaymentsFromRelatedPartyNotePayableShareholders`	$265.22K	USD	Annual
Proceeds (Payments) on lines of credit & credit cards	`RepaymentsOfShortTermDebt`	$3.77K	USD	Annual
Proceeds (Payments) on lines of credit & credit cards	`RepaymentsOfShortTermDebt`	$-3.89K	USD	Annual
Proceeds from stock subscription	`ProceedsFromStockSubscription`	-	USD	Annual
Proceeds from stock subscription	`ProceedsFromStockSubscription`	$150.00K	USD	Annual
Total cash flow provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$509.73K	USD	Annual
Total cash flow provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.96K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.35K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.63K	USD	Annual
Cash and cash equivalents - beginning of period	`CashEquivalentsAtCarryingValue`	$2.63K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashEquivalentsAtCarryingValue`	$17.35K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents - end of period	`CashEquivalentsAtCarryingValue`	$2.63K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashEquivalentsAtCarryingValue`	$17.35K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Interest Paid	`InterestPaid`	$16.81K	USD	Annual
Interest Paid	`InterestPaid`	$28.90K	USD	Annual
Taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Stock issued for services	`StockIssued1`	$30.51K	USD	Annual
Stock issued for services	`StockIssued1`	$7.70K	USD	Annual
Stock issued for debt	`StockIssuedForDebt`	-	USD	Annual
Stock issued for debt	`StockIssuedForDebt`	$44.50K	USD	Annual
Stock issued for subscriptions payable	`StockIssuedForSubscriptionsPayable`	$2.96K	USD	Annual
Stock issued for subscriptions payable	`StockIssuedForSubscriptionsPayable`	-	USD	Annual
Paid in Capital from legal settlement	`PaidInCapitalFromLegalSettlement`	$1.01M	USD	Annual
Paid in Capital from legal settlement	`PaidInCapitalFromLegalSettlement`	-	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-2.24M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-2.41M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Stock issued to Directors, Amount	`StockIssuedDuringPeriodValueIssuedForNoncashConsiderations`	$175.18K	USD	Annual
Shares issued for services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$20.05K	USD	Annual
Shares issued for cash, Amount	`StockIssuedDuringPeriodValueIssuedForCash`	$150.00K	USD	Annual
Shares issued on conversion of debt, Amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$47.46K	USD	Annual
Beneficial Loan conversion Expense	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$95.00K	USD	Annual
Settlement of Lawsuit	`SettlementOfLawsuit`	$1.01M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.25M	USD	Annual
Net loss	`NetIncomeLoss`	$-417.28K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$-2.24M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-2.41M	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.