10-K Filing

LUSTROS INC. CIK: 922011 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001108078-12-000131`
Period End Date	20111231
Filing Date	20120413
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	pwsv-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 28 Cash Flow Statement 54 Stockholders Equity 14

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$321.64K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.53K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$134.27K	USD	Point-in-time
Accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, net of allowance	`AccountsReceivableNetCurrent`	$1.51M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventory	`InventoryNet`	$91.07K	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventory	`InventoryNet`	$65.56K	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Federal income taxes recoverable	`IncomeTaxesReceivable`	$77.40K	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Federal income taxes recoverable	`IncomeTaxesReceivable`	$3.37K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.71M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$203.20K	USD	Point-in-time
Equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$48.41K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$53.07K	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	894,120.00	shares	Point-in-time
Intangible assets, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$8.62K	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	2.86M	shares	Point-in-time
Intangible assets, net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	2.86M	shares	Point-in-time
Direct response advertising-net	`DirectResponseAdvertisingNet`	$63.71K	USD	Point-in-time
Direct response advertising-net	`DirectResponseAdvertisingNet`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	894,120.00	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.40K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.40K	USD	Point-in-time
Total assets	`Assets`	$253.01K	USD	Point-in-time
Total assets	`Assets`	$1.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$579.56K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$178.98K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$70.48K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$22.98K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$166.21K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$10.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$828.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$211.96K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$817.09K	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares Authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares Authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value,100,000,000 shares authorized 2,856,426 and 894,120 issued and outstanding	`CommonStockValue`	$2.86K	USD	Point-in-time
Common stock, $.001 par value,100,000,000 shares authorized 2,856,426 and 894,120 issued and outstanding	`CommonStockValue`	$894.00	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$2.08M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$1.57M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-549.48K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-2.04M	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$41.05K	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.02M	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$1.51M	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$1.84M	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$253.01K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueGoodsNet`	$3.24M	USD	Annual
Revenue	`SalesRevenueGoodsNet`	$874.07K	USD	Annual
Merchandise	`Merchandise`	$393.79K	USD	Annual
Merchandise	`Merchandise`	$1.72M	USD	Annual
Other costs	`OtherCosts`	$44.37K	USD	Annual
Other costs	`OtherCosts`	$98.16K	USD	Annual
Total cost of sales	`CostOfGoodsSold`	$438.16K	USD	Annual
Total cost of sales	`CostOfGoodsSold`	$1.82M	USD	Annual
Gross margin	`GrossProfit`	$1.43M	USD	Annual
Gross margin	`GrossProfit`	$435.92K	USD	Annual
Advertising and promotion	`MarketingAndAdvertisingExpense`	$366.30K	USD	Annual
Advertising and promotion	`MarketingAndAdvertisingExpense`	$220.57K	USD	Annual
Sales commissions	`SalesCommissionsAndFees`	$576.65K	USD	Annual
Sales commissions	`SalesCommissionsAndFees`	$327.63K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.22M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.38M	USD	Annual
Total operating costs and expenses	`OperatingExpenses`	$2.17M	USD	Annual
Total operating costs and expenses	`OperatingExpenses`	$1.93M	USD	Annual
Net income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.49M	USD	Annual
Net income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-740.17K	USD	Annual
Provision for (recovery of) income taxes	`IncomeTaxExpenseBenefit`	$-2.25K	USD	Annual
Provision for (recovery of) income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net (loss)	`NetIncomeLoss`	$-1.49M	USD	Annual
Net (loss)	`NetIncomeLoss`	$-737.92K	USD	Annual
Loss per common share : Basic	`EarningsPerShareBasicAndDiluted`	$-0.83	USD	Annual
Loss per common share : Basic	`EarningsPerShareBasicAndDiluted`	$-0.78	USD	Annual
Shares used in computing loss per share	`SharesUsedInComputingEarningsPerShare`	1.90M	shares	Annual
Shares used in computing loss per share	`SharesUsedInComputingEarningsPerShare`	884,169.00	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.49M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-737.92K	USD	Annual
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$375.45K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.37K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.76K	USD	Annual
Shares issued for Professional fees	`SharesIssuedForConsultingFeeAmount`	$199.34K	USD	Annual
Shares issued for Professional fees	`SharesIssuedForConsultingFeeAmount`	$25.00K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.19M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.14M	USD	Annual
Decrease in inventory	`IncreaseDecreaseInInventories`	$25.50K	USD	Annual
Decrease in inventory	`IncreaseDecreaseInInventories`	$342.72K	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$63.71K	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$72.01K	USD	Annual
(Increase) decrease in income taxes recoverable	`IncreaseDecreaseInIncomeTaxesReceivable`	$74.04K	USD	Annual
(Increase) decrease in income taxes recoverable	`IncreaseDecreaseInIncomeTaxesReceivable`	$165.81K	USD	Annual
(Increase) decrease in deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	Annual
(Increase) decrease in deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$50.13K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.24K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.88K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-400.58K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$646.65K	USD	Annual
Increase (decrease) in other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$6.38K	USD	Annual
Increase (decrease) in other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$9.00K	USD	Annual
Increase (decrease) in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$29.00	USD	Annual
Increase (decrease) in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-829.00	USD	Annual
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.72K	USD	Annual
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-573.15K	USD	Annual
Security deposits	`IncreaseDecreaseInDepositOtherAssets`	$-27.30K	USD	Annual
Security deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	Annual
Acquisition of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.75K	USD	Annual
Acquisition of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.48K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$24.56K	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.48K	USD	Annual
Net proceeds from private placement	`NetProceedsFromPrivatePlacement`	$190.00K	USD	Annual
Net proceeds from private placement	`NetProceedsFromPrivatePlacement`	$145.00K	USD	Annual
Net Proceeds from line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$70.48K	USD	Annual
Net Proceeds from line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-47.51K	USD	Annual
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$260.48K	USD	Annual
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$97.50K	USD	Annual
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$100.74K	USD	Annual
Net (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-288.11K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$321.64K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.53K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$134.27K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$321.64K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$33.53K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$134.27K	USD	Point-in-time
Income Taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income Taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Shares issued in payment of accrued expenses	`SharesIssuedInPaymentOfAccruedExpenses`	$165.21K	USD	Annual
Shares issued in payment of accrued expenses	`SharesIssuedInPaymentOfAccruedExpenses`	-	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$41.05K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$1.02M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$1.51M	USD	Point-in-time
Private placement January 29, 2010, amount	`PrivatePlacementJanuary292010Amount`	$190.00K	USD	Annual
Private Placement May 18, 2010, amount	`PrivatePlacementMay182010Amount`	$34.00K	USD	Annual
Shares issued for consulting fee, amount	`SharesIssuedForConsultingFeeAmount`	$199.34K	USD	Annual
Shares issued for consulting fee, amount	`SharesIssuedForConsultingFeeAmount`	$25.00K	USD	Annual
Private Placement- April 2011, amount	`PrivatePlacementApril2011Amount`	$145.00K	USD	Annual
Shares issued for legal, accounting and compensation in 2011, amount	`SharesIssuedForLegalAccountingAndCompensationIn2011Amount`	$364.55K	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.49M	USD	Annual
Net Loss	`NetIncomeLoss`	$-737.92K	USD	Annual
Ending balance, amount	`StockholdersEquity`	$41.05K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$1.02M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$1.51M	USD	Point-in-time

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