10-Q Filing

STRATEX OIL & GAS HOLDINGS, INC. CIK: 1482361 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001127855-12-000282`
Period End Date	20120331
Filing Date	20120521
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	powy-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 22 Cash Flow Statement 38

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	750.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.65K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	1.46M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.44K	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	1.46M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.02K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$195.00	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNet`	$9.86K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	1.46M	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNet`	$16.10K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	1.46M	shares	Point-in-time
Inventory	`InventoryNet`	$7.56K	USD	Point-in-time
Inventory	`InventoryNet`	$7.39K	USD	Point-in-time
Prepaid Rent	`PrepaidRent`	$1.86K	USD	Point-in-time
Prepaid Rent	`PrepaidRent`	$1.86K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$30.53K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$33.54K	USD	Point-in-time
Property and Equipment	`PropertyPlantAndEquipmentGross`	$113.86K	USD	Point-in-time
Property and Equipment	`PropertyPlantAndEquipmentGross`	$113.00K	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-94.70K	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-95.26K	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$18.59K	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentNet`	$18.30K	USD	Point-in-time
Total Assets	`Assets`	$51.84K	USD	Point-in-time
Total Assets	`Assets`	$49.12K	USD	Point-in-time
Accounts Payable	`AccountsPayable`	$7.49K	USD	Point-in-time
Accounts Payable	`AccountsPayable`	$15.89K	USD	Point-in-time
Sales Tax Payable	`SalesAndExciseTaxPayable`	$2.29K	USD	Point-in-time
Current portion, long term debt	`LongTermDebtCurrent`	$4.66K	USD	Point-in-time
Current portion, long term debt	`LongTermDebtCurrent`	$4.46K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$14.24K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$20.55K	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsNoncurrent`	$11.83K	USD	Point-in-time
Obligations under capital lease	`CapitalLeaseObligationsNoncurrent`	$10.91K	USD	Point-in-time
Stockholder's Loan	`NotesAndLoansPayable`	$79.69K	USD	Point-in-time
Stockholder's Loan	`NotesAndLoansPayable`	$79.69K	USD	Point-in-time
Due to affiliated company	`DueToAffiliate`	$81.03K	USD	Point-in-time
Due to affiliated company	`DueToAffiliate`	$82.55K	USD	Point-in-time
Total Liabilities	`Liabilities`	$193.09K	USD	Point-in-time
Total Liabilities	`Liabilities`	$187.39K	USD	Point-in-time
Common Stock	`CommonStockValue`	$1.46K	USD	Point-in-time
Common Stock	`CommonStockValue`	$1.46K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$192.84K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$192.84K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-75.03K	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-72.05K	USD	Point-in-time
Deficit accumulated in the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$260.52K	USD	Point-in-time
Deficit accumulated in the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$260.52K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-141.25K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-138.27K	USD	Point-in-time
Total Liabilities and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$49.12K	USD	Point-in-time
Total Liabilities and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$51.84K	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$72.01K	USD	1 Quarter
Sales	`SalesRevenueNet`	$90.07K	USD	1 Quarter
Cost of Sales	`CostOfMerchandiseSalesBuyingAndOccupancyCosts`	$59.94K	USD	1 Quarter
Cost of Sales	`CostOfMerchandiseSalesBuyingAndOccupancyCosts`	$62.19K	USD	1 Quarter
Gross Profit	`GrossProfit`	$27.88K	USD	1 Quarter
Gross Profit	`GrossProfit`	$12.07K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$6.95K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$7.75K	USD	1 Quarter
Occupancy Costs	`OccupancyCosts`	$9.41K	USD	1 Quarter
Occupancy Costs	`OccupancyCosts`	$8.06K	USD	1 Quarter
Other General and Administrative Expenses	`OtherGeneralAndAdministrativeExpense`	$4.69K	USD	1 Quarter
Other General and Administrative Expenses	`OtherGeneralAndAdministrativeExpense`	$9.89K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$21.84K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$24.90K	USD	1 Quarter
Net Income before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-9.77K	USD	1 Quarter
Net Income before taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$2.98K	USD	1 Quarter
Net Income Loss	`NetIncomeLoss`	$2.98K	USD	1 Quarter
Net Income Loss	`NetIncomeLoss`	$-9.77K	USD	1 Quarter
Net Income per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net Income per common share, basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	1.46M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	1.46M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net Income Loss	`NetIncomeLoss`	$2.98K	USD	1 Quarter
Net Income Loss	`NetIncomeLoss`	$-9.77K	USD	1 Quarter
Depreciation	`Depreciation`	$377.00	USD	1 Quarter
Depreciation	`Depreciation`	$568.00	USD	1 Quarter
Accounts Receivable (increase/decrease)	`IncreaseDecreaseInAccountsReceivable`	$-6.24K	USD	1 Quarter
Accounts Receivable (increase/decrease)	`IncreaseDecreaseInAccountsReceivable`	$-1.83K	USD	1 Quarter
Prepaid Sales Tax	`IncreaseDecreaseInPrepaidTaxes`	$-563.00	USD	1 Quarter
Accounts Payable (increase/decrease)	`IncreaseDecreaseInAccountsPayable`	$5.82K	USD	1 Quarter
Accounts Payable (increase/decrease)	`IncreaseDecreaseInAccountsPayable`	$-159.00	USD	1 Quarter
Sales Tax Payable (increase/decrease)	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$288.00	USD	1 Quarter
Sales Tax Payable (increase/decrease)	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-1.77K	USD	1 Quarter
Inventory (increase/decrease)	`IncreaseDecreaseInInventories`	$50.00	USD	1 Quarter
Inventory (increase/decrease)	`IncreaseDecreaseInInventories`	$-170.00	USD	1 Quarter
Current Portion, Long Term Debt (increase/decrease)	`DebtInstrumentIncreaseDecreaseForPeriodNet`	$-1.80K	USD	1 Quarter
Net cash provided by (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.61K	USD	1 Quarter
Net cash provided by (used by) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.97K	USD	1 Quarter
Capitalized leases	`ProceedsFromLeasesHeldForInvestment`	$461.00	USD	1 Quarter
Capitalized leases	`ProceedsFromLeasesHeldForInvestment`	$-854.00	USD	1 Quarter
Net cash (used by) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$461.00	USD	1 Quarter
Net cash (used by) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-854.00	USD	1 Quarter
(Repayment) of capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$1.11K	USD	1 Quarter
Proceeds (repayment) of stockholders' loan	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$2.50K	USD	1 Quarter
Proceeds of loan from affiliated company	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$-1.52K	USD	1 Quarter
Proceeds of loan from affiliated company	`IncreaseDecreaseInDueFromAffiliatesCurrent`	$-12.10K	USD	1 Quarter
Net cash provided by (used by) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.60K	USD	1 Quarter
Net cash provided by (used by) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$404.00	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.42K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.45K	USD	1 Quarter
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.65K	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$14.44K	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.02K	USD	Point-in-time
Cash, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$195.00	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$3.65K	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$14.44K	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.02K	USD	Point-in-time
Cash, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$195.00	USD	Point-in-time
Interest paid	`InterestPaid`	$428.00	USD	1 Quarter
Interest paid	`InterestPaid`	$138.00	USD	1 Quarter

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