10-K Filing

SRX HEALTH SOLUTIONS, INC. CIK: 1471727 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001185185-16-005898`
Period End Date	20160831
Filing Date	20161205
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	senz-20160831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 38 Cash Flow Statement 60 Stockholders Equity 15

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
unamortized debt discounts (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$172.74K	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`	$10.20K	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$45.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Inventory	`InventoryNet`	$6.40K	USD	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.64K	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`	-	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
Total Assets	`Assets`	$2.19K	USD	Point-in-time
Total Assets	`Assets`	$16.64K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	77.78M	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`	77.78M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$21.32K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$68.75K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$254.95K	USD	Point-in-time
Convertible notes - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$38.54K	USD	Point-in-time
Convertible notes - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Convertible notes, net of unamortized debt discounts of $172,735 and $0	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible notes, net of unamortized debt discounts of $172,735 and $0	`ConvertibleNotesPayableCurrent`	$267.26K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$59.87K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$590.96K	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 August 31, 2016 and 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 August 31, 2016 and 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 August 31, 2016 and 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 August 31, 2016 and 2015	`CommonStockValue`	$37.58K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$718.49K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$336.19K	USD	Point-in-time
Subscription receivable	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	$5.37K	USD	Point-in-time
Subscription receivable	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-431.45K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.37M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-33.02K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-574.32K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-57.67K	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$16.64K	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.19K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	$48.00	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	-	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$5.00	USD	Annual
Net revenue	`SalesRevenueNet`	$43.00	USD	Annual
Net revenue	`SalesRevenueNet`	-	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$7.17K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$130.06K	USD	Annual
Professional fees	`ProfessionalFees`	$15.30K	USD	Annual
Professional fees	`ProfessionalFees`	$78.53K	USD	Annual
Intangible asset impairment loss	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$248.95K	USD	Annual
Intangible asset impairment loss	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$2.19K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$2.19K	USD	Annual
Total operating expenses	`OperatingExpenses`	$24.65K	USD	Annual
Total operating expenses	`OperatingExpenses`	$459.73K	USD	Annual
Net Operating Loss	`OperatingIncomeLoss`	$-24.65K	USD	Annual
Net Operating Loss	`OperatingIncomeLoss`	$-459.68K	USD	Annual
Interest expense	`InterestExpense`	$411.97K	USD	Annual
Interest expense	`InterestExpense`	$25.02K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-62.11K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-474.08K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-25.02K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-49.67K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-933.76K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-49.67K	USD	Annual
Net loss	`NetIncomeLoss`	$-933.76K	USD	Annual
Net loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	Annual
Net loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	Annual
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	Annual
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	Annual
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	70.46M	shares	Annual
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.58M	shares	Annual
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.58M	shares	Annual
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	70.46M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-49.67K	USD	Annual
Net loss	`NetIncomeLoss`	$-933.76K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$2.19K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$2.19K	USD	Annual
Intangible asset impairment loss	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$248.95K	USD	Annual
Intangible asset impairment loss	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	Annual
Commitment fee share expense	`OtherNoncashExpense`	$128.24K	USD	Annual
Commitment fee share expense	`OtherNoncashExpense`	-	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-62.11K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	Annual
Amortization of discount on convertible debt	`AmortizationOfDebtDiscountPremium`	$268.96K	USD	Annual
Amortization of discount on convertible debt	`AmortizationOfDebtDiscountPremium`	$22.88K	USD	Annual
Imputed interest	`ImputedInterestDebt`	$670.00	USD	Annual
Imputed interest	`ImputedInterestDebt`	$2.14K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$45.00	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	-	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$5.35K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-411.00	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$47.42K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-180.60K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.88K	USD	Annual
Payments to acquire assets	`PaymentsToAcquireProductiveAssets`	-	USD	Annual
Payments to acquire assets	`PaymentsToAcquireProductiveAssets`	$250.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-250.00K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$14.50K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from notes payable - related party	`ProceedsFromRelatedPartyDebt`	$12.63K	USD	Annual
Proceeds from notes payable - related party	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Repayments of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$12.63K	USD	Annual
Repayments of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Proceeds from convertible debt - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.70K	USD	Annual
Proceeds from convertible debt - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$22.88K	USD	Annual
Proceeds from convertible debt	`ProceedsFromConvertibleDebt`	-	USD	Annual
Proceeds from convertible debt	`ProceedsFromConvertibleDebt`	$424.60K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$440.80K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.88K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.20K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.20K	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`	$10.20K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Common stock issued for conversion of notes payable - related party	`DebtConversionOriginalDebtAmount1`	-	USD	Annual
Common stock issued for conversion of notes payable - related party	`DebtConversionOriginalDebtAmount1`	$40.24K	USD	Annual
Common stock issued as discount on convertible notes	`StockIssued1`	$231.76K	USD	Annual
Common stock issued as discount on convertible notes	`StockIssued1`	-	USD	Annual
Discount on Convertible Debt and Accrued Interest	`DebtInstrumentConvertibleBeneficialConversionFeature`	$22.88K	USD	Annual
Discount on Convertible Debt and Accrued Interest	`DebtInstrumentConvertibleBeneficialConversionFeature`	$1.70K	USD	Annual
Discount due to derivative	`DiscountRelatedToDerivativeLiability`	-	USD	Annual
Discount due to derivative	`DiscountRelatedToDerivativeLiability`	$192.84K	USD	Annual
Stock issued for subscription receivable	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$5.37K	USD	Annual
Stock issued for subscription receivable	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-33.02K	USD	Point-in-time
Balance	`StockholdersEquity`	$-574.32K	USD	Point-in-time
Balance	`StockholdersEquity`	$-57.67K	USD	Point-in-time
Imputed interest on notes payable and officer advances	`AdjustmentsToAdditionalPaidInCapitalOther`	$670.00	USD	Annual
Imputed interest on notes payable and officer advances	`AdjustmentsToAdditionalPaidInCapitalOther`	$2.14K	USD	Annual
Discount due to beneficial conversion feature on convertible debt	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$1.70K	USD	Annual
Discount due to beneficial conversion feature on convertible debt	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$22.88K	USD	Annual
Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$14.50K	USD	Annual
Stock issued for commitment fee	`StockIssuedDuringPeriodValueOther`	$360.00K	USD	Annual
Stock issued for conversion of convertible notes payable	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$40.24K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-49.67K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-933.76K	USD	Annual
Balance	`StockholdersEquity`	$-33.02K	USD	Point-in-time
Balance	`StockholdersEquity`	$-574.32K	USD	Point-in-time
Balance	`StockholdersEquity`	$-57.67K	USD	Point-in-time

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