10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001144204-16-102439 |
| Period End Date | 20160331 |
| Filing Date | 20160516 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | prop-20160331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common Stock, Par or Stated Value Per Share |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common Stock, Par or Stated Value Per Share |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Cash |
Cash
|
$10.50M | USD | Point-in-time |
| Cash |
Cash
|
$11.70M | USD | Point-in-time |
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
500.00M | shares | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
268.56M | shares | Point-in-time |
| Accounts receivable |
AccountsReceivableNet
|
$913.00 | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNet
|
$87.24K | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
268.56M | shares | Point-in-time |
| Prepaid expenses |
PrepaidExpenseAndOtherAssetsCurrent
|
$72.30K | USD | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
268.56M | shares | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
268.56M | shares | Point-in-time |
| Prepaid expenses |
PrepaidExpenseAndOtherAssetsCurrent
|
$227.01K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$10.66M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$11.93M | USD | Point-in-time |
| Plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$690.54K | USD | Point-in-time |
| Plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$818.61K | USD | Point-in-time |
| Intangibles, net |
IntangibleAssetsNetIncludingGoodwill
|
$210.00K | USD | Point-in-time |
| Intangibles, net |
IntangibleAssetsNetIncludingGoodwill
|
$227.50K | USD | Point-in-time |
| Deposits |
DepositsAssetsNoncurrent
|
$9.17K | USD | Point-in-time |
| Deposits |
DepositsAssetsNoncurrent
|
$2.20K | USD | Point-in-time |
| Total Non-Current Assets |
AssetsNoncurrent
|
$1.04M | USD | Point-in-time |
| Total Non-Current Assets |
AssetsNoncurrent
|
$920.24K | USD | Point-in-time |
| Total Assets |
Assets
|
$12.85M | USD | Point-in-time |
| Total Assets |
Assets
|
$11.70M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$159.54K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$150.07K | USD | Point-in-time |
| Accounts payable - related parties |
AccountsPayableRelatedPartiesCurrent
|
$1.00K | USD | Point-in-time |
| Accounts payable - related parties |
AccountsPayableRelatedPartiesCurrent
|
$101.17K | USD | Point-in-time |
| Accrued expenses and other payables |
Accruedliabilitiesandotherpayables
|
$61.77K | USD | Point-in-time |
| Accrued expenses and other payables |
Accruedliabilitiesandotherpayables
|
$290.95K | USD | Point-in-time |
| Notes payable |
NotesPayableCurrent
|
$3.00K | USD | Point-in-time |
| Notes payable |
NotesPayableCurrent
|
$3.00K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$445.02K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$325.49K | USD | Point-in-time |
| Common stock, $0.001 par value; 500,000,000 shares authorized, 268,558,931 shares issued and outstanding. |
CommonStockValue
|
$268.56K | USD | Point-in-time |
| Common stock, $0.001 par value; 500,000,000 shares authorized, 268,558,931 shares issued and outstanding. |
CommonStockValue
|
$268.56K | USD | Point-in-time |
| Additional paid-in-capital |
AdditionalPaidInCapital
|
$26.27M | USD | Point-in-time |
| Additional paid-in-capital |
AdditionalPaidInCapital
|
$26.29M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-15.19M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-14.39M | USD | Point-in-time |
| Total stockholder's equity - controlling interest |
StockholdersEquity
|
$11.38M | USD | Point-in-time |
| Total stockholder's equity - controlling interest |
StockholdersEquity
|
$12.15M | USD | Point-in-time |
| Non-controlling interest |
MinorityInterest
|
- | USD | Point-in-time |
| Non-controlling interest |
MinorityInterest
|
$249.34K | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$11.38M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$12.40M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$12.85M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$11.70M | USD | Point-in-time |
Income Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Revenue |
Revenues
|
$82.50K | USD | 1 Quarter |
| Net Revenue |
Revenues
|
$82.24K | USD | 1 Quarter |
| Cost of Goods Sold |
CostOfGoodsSold
|
$57.82K | USD | 1 Quarter |
| Cost of Goods Sold |
CostOfGoodsSold
|
$110.05K | USD | 1 Quarter |
| Gross (Loss) Profit |
GrossProfit
|
$24.68K | USD | 1 Quarter |
| Gross (Loss) Profit |
GrossProfit
|
$-27.81K | USD | 1 Quarter |
| Sales and Marketing |
SellingAndMarketingExpense
|
$5.90K | USD | 1 Quarter |
| Sales and Marketing |
SellingAndMarketingExpense
|
$597.00 | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$107.67K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$155.73K | USD | 1 Quarter |
| Business development |
BusinessDevelopment
|
- | USD | 1 Quarter |
| Business development |
BusinessDevelopment
|
$148.75K | USD | 1 Quarter |
| Consulting fees |
ConsultingFees
|
$94.39K | USD | 1 Quarter |
| Consulting fees |
ConsultingFees
|
$440.82K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$482.62K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$383.09K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$32.43K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$34.09K | USD | 1 Quarter |
| Total Expense |
OperatingExpenses
|
$666.24K | USD | 1 Quarter |
| Total Expense |
OperatingExpenses
|
$1.22M | USD | 1 Quarter |
| Loss from Operations |
OperatingIncomeLoss
|
$-1.25M | USD | 1 Quarter |
| Loss from Operations |
OperatingIncomeLoss
|
$-641.56K | USD | 1 Quarter |
| Other income |
OtherIncome
|
- | USD | 1 Quarter |
| Other income |
OtherIncome
|
$200.01K | USD | 1 Quarter |
| Amortization of debt discount and finance costs |
AmortizationOfDebtDiscountPremium
|
- | USD | 1 Quarter |
| Amortization of debt discount and finance costs |
AmortizationOfDebtDiscountPremium
|
$53.10K | USD | 1 Quarter |
| Change in fair value of derivative liabilities |
GainLossOnDerivativeInstrumentsNetPretax
|
- | USD | 1 Quarter |
| Change in fair value of derivative liabilities |
GainLossOnDerivativeInstrumentsNetPretax
|
$18.45K | USD | 1 Quarter |
| Loss before Provision for Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-1.05M | USD | 1 Quarter |
| Loss before Provision for Income Taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-676.21K | USD | 1 Quarter |
| Provision for Income Taxes |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Provision for Income Taxes |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Net Loss |
ProfitLoss
|
$-676.21K | USD | 1 Quarter |
| Net Loss |
ProfitLoss
|
$-1.05M | USD | 1 Quarter |
| Net loss attributable to non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-249.34K | USD | 1 Quarter |
| Net loss attributable to non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Net Loss Attributable to Controlling Interest |
NetIncomeLoss
|
$-676.21K | USD | 1 Quarter |
| Net Loss Attributable to Controlling Interest |
NetIncomeLoss
|
$-798.31K | USD | 1 Quarter |
| Deemed preferred stock dividend |
DeemedPreferredStockDividend
|
$1.10M | USD | 1 Quarter |
| Deemed preferred stock dividend |
DeemedPreferredStockDividend
|
- | USD | 1 Quarter |
| Undeclared Series B and Series C Preferred stock dividends |
UndeclaredSeriesBAndSeriesCPreferredStockDividends
|
$156.07K | USD | 1 Quarter |
| Undeclared Series B and Series C Preferred stock dividends |
UndeclaredSeriesBAndSeriesCPreferredStockDividends
|
$82.58K | USD | 1 Quarter |
| Net loss available to common stock holders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-1.86M | USD | 1 Quarter |
| Net loss available to common stock holders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-954.38K | USD | 1 Quarter |
| Net Loss Per Share - Basic and Diluted |
EarningsPerShareBasicAndDiluted
|
$-0.01 | USD | 1 Quarter |
| Net Loss Per Share - Basic and Diluted |
EarningsPerShareBasicAndDiluted
|
- | USD | 1 Quarter |
| Weighted Average Number of Shares Outstanding - Basic and Diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
250.36M | shares | 1 Quarter |
| Weighted Average Number of Shares Outstanding - Basic and Diluted |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
268.56M | shares | 1 Quarter |
Cash Flow Statement
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss attributable to the company |
NetIncomeLoss
|
$-676.21K | USD | 1 Quarter |
| Net loss attributable to the company |
NetIncomeLoss
|
$-798.31K | USD | 1 Quarter |
| Less: loss attributable to non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-249.34K | USD | 1 Quarter |
| Less: loss attributable to non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-676.21K | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-1.05M | USD | 1 Quarter |
| Depreciation expense |
Depreciation
|
$16.59K | USD | 1 Quarter |
| Depreciation expense |
Depreciation
|
$14.93K | USD | 1 Quarter |
| Amortization expense |
AdjustmentForAmortization
|
$17.50K | USD | 1 Quarter |
| Amortization expense |
AdjustmentForAmortization
|
$17.50K | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscount
|
- | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscount
|
$16.23K | USD | 1 Quarter |
| Equity based compensation charge |
AllocatedShareBasedCompensationExpense
|
$241.29K | USD | 1 Quarter |
| Equity based compensation charge |
AllocatedShareBasedCompensationExpense
|
$19.76K | USD | 1 Quarter |
| Derivative financial liability |
DerivativeGainLossOnDerivativeNet
|
$18.45K | USD | 1 Quarter |
| Derivative financial liability |
DerivativeGainLossOnDerivativeNet
|
- | USD | 1 Quarter |
| Gain on debt forgiven |
GainOnForgivenessOfDebtByIssuer
|
$200.00K | USD | 1 Quarter |
| Gain on debt forgiven |
GainOnForgivenessOfDebtByIssuer
|
- | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$82.50K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$86.33K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-154.72K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$34.47K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-280.13K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$9.47K | USD | 1 Quarter |
| Accounts payable - related party |
IncreaseDecreaseInAccountsPayableRelatedParties
|
- | USD | 1 Quarter |
| Accounts payable - related party |
IncreaseDecreaseInAccountsPayableRelatedParties
|
$97.89K | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-26.89K | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$27.19K | USD | 1 Quarter |
| Accrued interest |
IncreaseDecreaseInAccruedInterestReceivableNet
|
- | USD | 1 Quarter |
| Accrued interest |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$11.26K | USD | 1 Quarter |
| Cash Used in Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-785.88K | USD | 1 Quarter |
| Cash Used in Operating Activities |
NetCashProvidedByUsedInOperatingActivities
|
$-1.04M | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$45.80K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$144.66K | USD | 1 Quarter |
| Investment in deposit |
PaymentsToAcquireInvestments
|
- | USD | 1 Quarter |
| Investment in deposit |
PaymentsToAcquireInvestments
|
$6.97K | USD | 1 Quarter |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivities
|
$-45.80K | USD | 1 Quarter |
| NET CASH USED IN INVESTING ACTIVITIES |
NetCashProvidedByUsedInInvestingActivities
|
$-151.63K | USD | 1 Quarter |
| Proceeds on issuance of Series C Preferred stock |
ProceedsOnIssuanceOfSeriesCPreferredStock
|
$5.00M | USD | 1 Quarter |
| Proceeds on issuance of Series C Preferred stock |
ProceedsOnIssuanceOfSeriesCPreferredStock
|
- | USD | 1 Quarter |
| Proceeds from notes payable and advances |
ProceedsFromNotesPayable
|
$125.00K | USD | 1 Quarter |
| Proceeds from notes payable and advances |
ProceedsFromNotesPayable
|
- | USD | 1 Quarter |
| Repayment of notes payable and advances |
RepaymentsOfNotesPayable
|
- | USD | 1 Quarter |
| Repayment of notes payable and advances |
RepaymentsOfNotesPayable
|
$421.00K | USD | 1 Quarter |
| NET CASH PROVIDED BY FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivities
|
- | USD | 1 Quarter |
| NET CASH PROVIDED BY FINANCING ACTIVITIES |
NetCashProvidedByUsedInFinancingActivities
|
$4.70M | USD | 1 Quarter |
| NET (DECREASE) INCREASE IN CASH |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.20M | USD | 1 Quarter |
| NET (DECREASE) INCREASE IN CASH |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$3.87M | USD | 1 Quarter |
| CASH AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$3.91M | USD | Point-in-time |
| CASH AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$10.50M | USD | Point-in-time |
| CASH AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$11.70M | USD | Point-in-time |
| CASH AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$40.84K | USD | Point-in-time |
| CAST AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$3.91M | USD | Point-in-time |
| CAST AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$10.50M | USD | Point-in-time |
| CAST AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$11.70M | USD | Point-in-time |
| CAST AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$40.84K | USD | Point-in-time |
| Cash paid for income taxes |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Cash paid for interest |
InterestPaid
|
- | USD | 1 Quarter |
| Cash paid for interest |
InterestPaid
|
$48.13K | USD | 1 Quarter |
| Conversion of debt to equity |
DebtConversionConvertedInstrumentAmount1
|
- | USD | 1 Quarter |
| Conversion of debt to equity |
DebtConversionConvertedInstrumentAmount1
|
$12.79K | USD | 1 Quarter |
Stockholders Equity
7 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$11.38M | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$12.40M | USD | Point-in-time |
| Stock option based compensation |
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
$19.76K | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-676.21K | USD | 1 Quarter |
| Net loss |
ProfitLoss
|
$-1.05M | USD | 1 Quarter |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$11.38M | USD | Point-in-time |
| Balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$12.40M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.