10-Q Filing

SRX HEALTH SOLUTIONS, INC. CIK: 1471727 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001185185-16-004989`
Period End Date	20160531
Filing Date	20160715
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	senz-20160531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 68 Cash Flow Statement 70

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
unamortized debt discounts (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$392.82K	USD	Point-in-time
unamortized debt discounts (in Dollars)	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$89.09K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Inventory	`InventoryNet`	$1.05K	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$90.14K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible Assets	`IntangibleAssetsNetExcludingGoodwill`	$81.70K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible Assets	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	580.00M	shares	Point-in-time
Equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$2.19K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	580.00M	shares	Point-in-time
Equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$552.00	USD	Point-in-time
Total Assets	`Assets`	$172.39K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.58M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	77.78M	shares	Point-in-time
Total Assets	`Assets`	$2.19K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.58M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	77.78M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$60.20K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$21.32K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$193.84K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Convertible notes, net of unamortized debt discounts of $392,822 and $0	`ConvertibleNotesPayableCurrent`	$38.54K	USD	Point-in-time
Convertible notes, net of unamortized debt discounts of $392,822 and $0	`ConvertibleNotesPayableCurrent`	$47.18K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$301.22K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$59.87K	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 May 31, 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 May 31, 2016 and August 31, 2015	`PreferredStockValue`	$1.00	USD	Point-in-time
Common stock, $0.001 par value, 580,000,000 shares authorized, 77,775,303 and 37,581,903 shares issued and outstanding as of May 31, 2016 and August 31, 2015	`CommonStockValue`	$77.78K	USD	Point-in-time
Common stock, $0.001 par value, 580,000,000 shares authorized, 77,775,303 and 37,581,903 shares issued and outstanding as of May 31, 2016 and August 31, 2015	`CommonStockValue`	$37.58K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$336.19K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$720.87K	USD	Point-in-time
Subscription receivable	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	$5.37K	USD	Point-in-time
Subscription receivable	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-922.11K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-431.45K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-128.83K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-57.67K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$172.39K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.19K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	3 Qtrs
Revenue	`SalesRevenueNet`	-	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.45K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.07K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$61.86K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$74.99K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$11.97K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$3.20K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$63.22K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$53.52K	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	$167.25K	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	$167.25K	USD	3 Qtrs
Impairment of assets	`AssetImpairmentCharges`	-	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$1.64K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$548.00	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$1.64K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$546.00	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$19.07K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$5.82K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$307.10K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$283.18K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-283.18K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-5.82K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-307.10K	USD	3 Qtrs
Net Operating Loss	`OperatingIncomeLoss`	$-19.07K	USD	3 Qtrs
Interest expense	`InterestExpense`	$18.34K	USD	3 Qtrs
Interest expense	`InterestExpense`	$6.09K	USD	1 Quarter
Interest expense	`InterestExpense`	$180.30K	USD	1 Quarter
Interest expense	`InterestExpense`	$182.56K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-1.00K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-1.00K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-18.34K	USD	3 Qtrs
Total other expense	`OtherNonoperatingIncomeExpense`	$-181.30K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-6.09K	USD	1 Quarter
Total other expense	`OtherNonoperatingIncomeExpense`	$-183.56K	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-464.48K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-37.41K	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-11.91K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-490.65K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-37.41K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-464.48K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-490.65K	USD	3 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`	$-0.01	USD	3 Qtrs
Net income (loss) per share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net income (loss) per share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income (loss) per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Net income (loss) per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Net income (loss) per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	3 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	1 Quarter
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.58M	shares	3 Qtrs
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	68.01M	shares	3 Qtrs
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.62M	shares	1 Quarter
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	68.01M	shares	3 Qtrs
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.62M	shares	1 Quarter
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.58M	shares	3 Qtrs
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.58M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-37.41K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-464.48K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-490.65K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$1.64K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$548.00	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$1.64K	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$546.00	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	$167.25K	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of assets	`AssetImpairmentCharges`	$167.25K	USD	3 Qtrs
Impairment of assets	`AssetImpairmentCharges`	-	USD	3 Qtrs
Inducement shares	`InducementShares`	-	USD	3 Qtrs
Inducement shares	`InducementShares`	$112.84K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-1.00K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-1.00K	USD	3 Qtrs
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Amortization of discount on convertible debt	`AmortizationOfDebtDiscountPremium`	$48.88K	USD	3 Qtrs
Amortization of discount on convertible debt	`AmortizationOfDebtDiscountPremium`	$16.92K	USD	3 Qtrs
Amortization of discount on accrued interest	`AmortizationOfDiscountOnAccruedInterest`	-	USD	3 Qtrs
Amortization of discount on accrued interest	`AmortizationOfDiscountOnAccruedInterest`	$2.38K	USD	3 Qtrs
Imputed interest	`ImputedInterestDebt`	$670.00	USD	3 Qtrs
Imputed interest	`ImputedInterestDebt`	$1.43K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$507.00	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.62K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	-	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$31.26K	USD	3 Qtrs
Net cash used operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.92K	USD	3 Qtrs
Net cash used operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-117.11K	USD	3 Qtrs
Payments to acquire assets	`PaymentsToAcquireProductiveAssets`	$250.00K	USD	3 Qtrs
Payments to acquire assets	`PaymentsToAcquireProductiveAssets`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-250.00K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$14.50K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from officer loans	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from officer loans	`ProceedsFromRelatedPartyDebt`	$12.63K	USD	3 Qtrs
Repayment of officer loans	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Repayment of officer loans	`RepaymentsOfRelatedPartyDebt`	$12.63K	USD	3 Qtrs
Proceeds from convertible debt	`ProceedsFromConvertibleDebt`	$16.92K	USD	3 Qtrs
Proceeds from convertible debt	`ProceedsFromConvertibleDebt`	$441.70K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.92K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$456.20K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$89.09K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$89.09K	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 end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$89.09K	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
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Common stock issued for conversion of notes payable	`DebtConversionOriginalDebtAmount1`	$40.24K	USD	3 Qtrs
Common stock issued for conversion of notes payable	`DebtConversionOriginalDebtAmount1`	-	USD	3 Qtrs
Common stock issued for discount	`StockIssued1`	-	USD	3 Qtrs
Common stock issued for discount	`StockIssued1`	$247.16K	USD	3 Qtrs
Common stock issued for subscription receivable	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	3 Qtrs
Common stock issued for subscription receivable	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$5.37K	USD	3 Qtrs
Discount on beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$16.92K	USD	3 Qtrs
Discount on beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	3 Qtrs
Discount on convertible accrued interest	`DiscountOnConvertibleAccruedInterest`	$4.08K	USD	3 Qtrs
Discount on convertible accrued interest	`DiscountOnConvertibleAccruedInterest`	-	USD	3 Qtrs
Discount related to derivative liability	`DiscountRelatedToDerivativeLiability`	-	USD	3 Qtrs
Discount related to derivative liability	`DiscountRelatedToDerivativeLiability`	$192.84K	USD	3 Qtrs

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