10-Q Filing

SRX HEALTH SOLUTIONS, INC. CIK: 1471727 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001185185-16-004203`
Period End Date	20160229
Filing Date	20160412
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	senz-20160229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 60 Cash Flow Statement 48

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$100.00	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$2.19K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$1.10K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	580.00M	shares	Point-in-time
Total Assets	`Assets`	$2.19K	USD	Point-in-time
Total Assets	`Assets`	$1.20K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	580.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	77.58M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.58M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.58M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	77.58M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$21.32K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.17K	USD	Point-in-time
Other payables	`OtherLiabilitiesCurrent`	$6.68K	USD	Point-in-time
Other payables	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$1.19K	USD	Point-in-time
Convertible debt - related party	`ConvertibleNotesPayableCurrent`	$38.54K	USD	Point-in-time
Convertible debt - related party	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$59.87K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.05K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 20,000,000 shares authorized, 1,000 shares issued and outstanding as of February 29, 2016 and August 31, 2015	`PreferredStockValue`	$1.00	USD	Point-in-time
Preferred stock, $0.001 par value, 20,000,000 shares authorized, 1,000 shares issued and outstanding as of February 29, 2016 and August 31, 2015	`PreferredStockValue`	$1.00	USD	Point-in-time
Common stock, $0.001 par value, 580,000,000 shares authorized, 77,575,303 and 37,581,903 shares issued and outstanding as of February 29, 2016 and August 31, 2015	`CommonStockValue`	$37.58K	USD	Point-in-time
Common stock, $0.001 par value, 580,000,000 shares authorized, 77,575,303 and 37,581,903 shares issued and outstanding as of February 29, 2016 and August 31, 2015	`CommonStockValue`	$77.58K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$336.19K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$358.57K	USD	Point-in-time
Subscription Receivable	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	$5.37K	USD	Point-in-time
Subscription Receivable	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	-	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-457.62K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-431.45K	USD	Point-in-time
Total (deficiency in) stockholders' equity	`StockholdersEquity`	$-57.67K	USD	Point-in-time
Total (deficiency in) stockholders' equity	`StockholdersEquity`	$-26.85K	USD	Point-in-time
Total liabilities and (deficiency in) stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.19K	USD	Point-in-time
Total liabilities and (deficiency in) stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.20K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	2 Qtrs
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.68K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.69K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.13K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.38K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$4.24K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$8.77K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$8.77K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$9.69K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$546.00	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$548.00	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$1.09K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$1.10K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$11.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$23.91K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$7.48K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.25K	USD	2 Qtrs
Net Operating Loss	`OperatingIncomeLoss`	$-7.48K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-11.00K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-13.25K	USD	2 Qtrs
Net Operating Loss	`OperatingIncomeLoss`	$-23.91K	USD	2 Qtrs
Interest expense	`InterestExpense`	$7.75K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.26K	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.25K	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.00	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-4.00	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-7.75K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-2.26K	USD	2 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-12.25K	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-26.17K	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-18.75K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-25.50K	USD	2 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-7.49K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-26.17K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-7.49K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-25.50K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-18.75K	USD	1 Quarter
Net income (loss) per share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net income (loss) per share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net income (loss) per share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income (loss) per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net income (loss) per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net income (loss) per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.58M	shares	2 Qtrs
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.58M	shares	1 Quarter
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.58M	shares	1 Quarter
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	63.15M	shares	2 Qtrs
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.58M	shares	1 Quarter
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.58M	shares	2 Qtrs
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.58M	shares	1 Quarter
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	63.15M	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-26.17K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-7.49K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.50K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-18.75K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$546.00	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$548.00	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$1.09K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$1.10K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$11.44K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.70K	USD	2 Qtrs
Imputed interest	`ImputedInterestDebt`	$810.00	USD	2 Qtrs
Imputed interest	`ImputedInterestDebt`	$557.00	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$713.00	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.15K	USD	2 Qtrs
Other payables	`IncreaseDecreaseInOtherAccountsPayable`	-	USD	2 Qtrs
Other payables	`IncreaseDecreaseInOtherAccountsPayable`	$6.68K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.44K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.29K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromRepaymentsOfBankOverdrafts`	$14.50K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	2 Qtrs
Proceeds from officer, loans, related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from officer, loans, related party	`ProceedsFromRelatedPartyDebt`	$1.19K	USD	2 Qtrs
Proceeds from convertible debt	`ProceedsFromConvertibleDebt`	$1.70K	USD	2 Qtrs
Proceeds from convertible debt	`ProceedsFromConvertibleDebt`	$11.44K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.39K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.44K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$100.00	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$100.00	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$100.00	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Discount on beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$11.44K	USD	2 Qtrs
Discount on beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$1.70K	USD	2 Qtrs
Stock issued for conversion of debt	`DebtConversionOriginalDebtAmount1`	-	USD	2 Qtrs
Stock issued for conversion of debt	`DebtConversionOriginalDebtAmount1`	$40.24K	USD	2 Qtrs
Stock issued for subscription receivable	`StockIssued1`	$5.37K	USD	2 Qtrs
Stock issued for subscription receivable	`StockIssued1`	-	USD	2 Qtrs

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