10-Q Filing

SRX HEALTH SOLUTIONS, INC. CIK: 1471727 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001185185-17-000051`
Period End Date	20161130
Filing Date	20170112
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	senz-20161130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 36 Cash Flow Statement 46

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
unamortized debt discounts (in Dollars)	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
unamortized debt discounts (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$172.74K	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
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`	$964.00	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$45.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Inventory	`InventoryNet`	$15.21K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Inventory	`InventoryNet`	$6.40K	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
Total current assets	`AssetsCurrent`	$16.18K	USD	Point-in-time
Total Assets	`Assets`	$16.18K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	580.00M	shares	Point-in-time
Total Assets	`Assets`	$16.64K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	580.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	77.78M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	77.78M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	77.78M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	77.78M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$163.18K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$68.75K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$254.95K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$187.88K	USD	Point-in-time
Convertible notes, net of unamortized debt discounts of $0 and $172,735	`ConvertibleNotesPayableCurrent`	$267.26K	USD	Point-in-time
Convertible notes, net of unamortized debt discounts of $0 and $172,735	`ConvertibleNotesPayableCurrent`	$440.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$590.96K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$791.06K	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 November 30, 2016 and August 31, 2016	`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 November 30, 2016 and August 31, 2016	`PreferredStockValue`	$1.00	USD	Point-in-time
Common stock, $0.001 par value, 580,000,000 shares authorized, 77,775,303 shares issued and outstanding as of November 30, 2016 and August 31, 2016	`CommonStockValue`	$77.78K	USD	Point-in-time
Common stock, $0.001 par value, 580,000,000 shares authorized, 77,775,303 shares issued and outstanding as of November 30, 2016 and August 31, 2016	`CommonStockValue`	$77.78K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$718.49K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$718.49K	USD	Point-in-time
Subscription receivable	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	$5.37K	USD	Point-in-time
Subscription receivable	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	$5.37K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.37M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-774.89K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-574.32K	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$16.18K	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$16.64K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	$230.00	USD	1 Quarter
Cost of good sold	`CostOfGoodsSold`	$34.00	USD	1 Quarter
Cost of good sold	`CostOfGoodsSold`	-	USD	1 Quarter
Net revenue	`SalesRevenueNet`	-	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$196.00	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.44K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$66.15K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$5.45K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$17.97K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$546.00	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$84.13K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.43K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-83.93K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-16.43K	USD	1 Quarter
Interest expense	`InterestExpense`	$183.71K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.25K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$67.07K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-2.25K	USD	1 Quarter
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-116.63K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-18.69K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-200.56K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-200.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-18.69K	USD	1 Quarter
Net loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share - basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.78M	shares	1 Quarter
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.72M	shares	1 Quarter
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.78M	shares	1 Quarter
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.72M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-200.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-18.69K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$546.00	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	-	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$67.07K	USD	1 Quarter
Amortization of discount on convertible debt	`AmortizationOfDebtDiscountPremium`	$172.74K	USD	1 Quarter
Amortization of discount on convertible debt	`AmortizationOfDebtDiscountPremium`	$1.70K	USD	1 Quarter
Imputed interest	`ImputedInterestDebt`	-	USD	1 Quarter
Imputed interest	`ImputedInterestDebt`	$553.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-45.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$8.81K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-313.00	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$94.44K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.20K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.23K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$14.50K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from convertible debt - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.70K	USD	1 Quarter
Proceeds from convertible debt - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.20K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.23K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$964.00	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`	$964.00	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	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Discount on Convertible Debt and Accrued Interest	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	1 Quarter
Discount on Convertible Debt and Accrued Interest	`DebtInstrumentConvertibleBeneficialConversionFeature`	$1.70K	USD	1 Quarter
Stock issued for conversion of debt	`DebtConversionOriginalDebtAmount1`	$40.24K	USD	1 Quarter
Stock issued for conversion of debt	`DebtConversionOriginalDebtAmount1`	-	USD	1 Quarter
Stock issued for subscription receivable	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	1 Quarter
Stock issued for subscription receivable	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$5.37K	USD	1 Quarter

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