10-K Filing

SRX HEALTH SOLUTIONS, INC. CIK: 1471727 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001185185-17-002509`
Period End Date	20170831
Filing Date	20171129
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	senz-20170831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 36 Cash Flow Statement 77 Stockholders Equity 19

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Convertible debt discounts (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$172.74K	USD	Point-in-time
Convertible debt discounts (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$153.23K	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`	$1.44K	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
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$45.00	USD	Point-in-time
Inventory	`InventoryNet`	$6.40K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Inventory	`InventoryNet`	$14.88K	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
Equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	580.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	580.00M	shares	Point-in-time
Total Assets	`Assets`	$16.32K	USD	Point-in-time
Total Assets	`Assets`	$16.64K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	77.78M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$16.32K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.64K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	78.23M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	78.23M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$44.75K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$132.57K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$312.88K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$254.95K	USD	Point-in-time
Accrued officer salary	`DueToRelatedPartiesCurrent`	$120.00K	USD	Point-in-time
Accrued officer salary	`DueToRelatedPartiesCurrent`	$24.00K	USD	Point-in-time
Notes payable and accrued interest - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Notes payable and accrued interest - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$233.01K	USD	Point-in-time
Convertible notes, net of unamortized debt discounts of $153,234 and $172,735	`ConvertibleNotesPayableCurrent`	$400.74K	USD	Point-in-time
Convertible notes, net of unamortized debt discounts of $153,234 and $172,735	`ConvertibleNotesPayableCurrent`	$267.26K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$590.96K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.20M	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, 2017 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 August 31, 2017 and August 31, 2016	`PreferredStockValue`	$1.00	USD	Point-in-time
Common stock, $0.001 par value, 580,000,000 shares authorized 78,226,969 shares issued and outstanding as of August 31, 2017 and 77,775,303 at August 31, 2016	`CommonStockValue`	$78.23K	USD	Point-in-time
Common stock, $0.001 par value, 580,000,000 shares authorized 78,226,969 shares issued and outstanding as of August 31, 2017 and 77,775,303 at 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`	$1.85M	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`	$-3.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.37M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-574.32K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-2.40M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-1.18M	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$16.64K	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$16.32K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$48.00	USD	Annual
Revenue	`Revenues`	$1.73K	USD	Annual
Cost of good sold	`CostOfGoodsSold`	$334.00	USD	Annual
Cost of good sold	`CostOfGoodsSold`	$5.00	USD	Annual
Net revenue	`SalesRevenueNet`	$43.00	USD	Annual
Net revenue	`SalesRevenueNet`	$1.40K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$132.25K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$427.34K	USD	Annual
Impairment of assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$248.95K	USD	Annual
Impairment of assets	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	Annual
Professional fees	`ProfessionalFees`	$98.10K	USD	Annual
Professional fees	`ProfessionalFees`	$78.53K	USD	Annual
Total operating expenses	`OperatingExpenses`	$525.44K	USD	Annual
Total operating expenses	`OperatingExpenses`	$459.73K	USD	Annual
Net Operating Loss	`OperatingIncomeLoss`	$-524.04K	USD	Annual
Net Operating Loss	`OperatingIncomeLoss`	$-459.68K	USD	Annual
Interest expense	`InterestExpense`	$411.97K	USD	Annual
Interest expense	`InterestExpense`	$830.68K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-388.54K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-62.11K	USD	Annual
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-1.22M	USD	Annual
Total other expense, net	`OtherNonoperatingIncomeExpense`	$-474.08K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.74M	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`	$-933.76K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.74M	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`	$-0.02	USD	Annual
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	Annual
Net loss per share - diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	Annual
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	77.92M	shares	Annual
Weighted average shares outstanding - basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	70.46M	shares	Annual
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.92M	shares	Annual
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	70.46M	shares	Annual

Cash Flow Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-933.76K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.74M	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$2.19K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	-	USD	Annual
Intangible asset impairment loss	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	$248.95K	USD	Annual
Intangible asset impairment loss	`ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill`	-	USD	Annual
Commitment fee share expense	`OtherNoncashExpense`	-	USD	Annual
Commitment fee share expense	`OtherNoncashExpense`	$128.24K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-388.54K	USD	Annual
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-62.11K	USD	Annual
Amortization of discount on convertible debt	`AmortizationOfDebtDiscountPremium`	$268.96K	USD	Annual
Amortization of discount on convertible debt	`AmortizationOfDebtDiscountPremium`	$780.29K	USD	Annual
Imputed interest	`ImputedInterestDebt`	$670.00	USD	Annual
Penalty on debt extension	`PenaltyOnDebtExtension`	$306.35K	USD	Annual
Penalty on debt extension	`PenaltyOnDebtExtension`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$45.00	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-45.00	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$5.35K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$8.48K	USD	Annual
Accrued officer salary	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$96.00K	USD	Annual
Accrued officer salary	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	Annual
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	-	USD	Annual
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$2.01K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$47.42K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$138.75K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-180.60K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-39.76K	USD	Annual
Payments to acquire assets	`PaymentsToAcquireProductiveAssets`	$250.00K	USD	Annual
Payments to acquire assets	`PaymentsToAcquireProductiveAssets`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-250.00K	USD	Annual
Principal payments made on convertible notes	`RepaymentsOfConvertibleDebt`	$155.00K	USD	Annual
Principal payments made on convertible notes	`RepaymentsOfConvertibleDebt`	-	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`	$70.00K	USD	1 Quarter
Proceeds from notes payable - related party	`ProceedsFromRelatedPartyDebt`	$27.00K	USD	1 Quarter
Proceeds from notes payable - related party	`ProceedsFromRelatedPartyDebt`	$186.00K	USD	Annual
Proceeds from notes payable - related party	`ProceedsFromRelatedPartyDebt`	$134.00K	USD	1 Quarter
Proceeds from notes payable - related party	`ProceedsFromRelatedPartyDebt`	$12.26K	USD	Annual
Repayments of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Repayments of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$12.26K	USD	Annual
Proceeds from convertible debt - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.70K	USD	Annual
Proceeds from convertible debt - related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Proceeds from convertible debt	`ProceedsFromConvertibleDebt`	$424.60K	USD	Annual
Proceeds from convertible debt	`ProceedsFromConvertibleDebt`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$440.80K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.00K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.76K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.20K	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.44K	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`	$1.44K	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	`DebtConversionConvertedInstrumentAmount1`	$40.24K	USD	Annual
Common stock issued for conversion of notes payable	`DebtConversionConvertedInstrumentAmount1`	$50.00K	USD	Annual
Common stock issued for discount	`StockIssued1`	$231.76K	USD	Annual
Common stock issued for discount	`StockIssued1`	-	USD	Annual
Discount on Convertible Debt and Accrued Interest	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	Annual
Discount on Convertible Debt and Accrued Interest	`DebtInstrumentConvertibleBeneficialConversionFeature`	$1.70K	USD	Annual
Discount due to derivative	`DiscountRelatedToDerivativeLiability`	$677.44K	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
Stock issued for commitment fee	`StockIssuedDuringPeriodValueOther`	$68.95K	USD	Point-in-time
Stock issued for commitment fee	`StockIssuedDuringPeriodValueOther`	$360.00K	USD	Annual
Stock issued for commitment fee	`StockIssuedDuringPeriodValueOther`	$68.95K	USD	Annual
Settlement of derivative	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$1.02M	USD	Annual
Settlement of derivative	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	-	USD	Annual
Accrued interest capitalized into principal of convertible notes	`InterestCostsCapitalized`	-	USD	Annual
Accrued interest capitalized into principal of convertible notes	`InterestCostsCapitalized`	$39.38K	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Imputed interest on notes payable and officer advances	`AdjustmentsToAdditionalPaidInCapitalOther`	$670.00	USD	Annual
Discount due to beneficial conversion feature on convertible debt	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$1.70K	USD	Annual
Stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$14.50K	USD	Annual
Issuance of commitment shares	`StockIssuedDuringPeriodValueOther`	$68.95K	USD	Point-in-time
Issuance of commitment shares	`StockIssuedDuringPeriodValueOther`	$360.00K	USD	Annual
Issuance of commitment shares	`StockIssuedDuringPeriodValueOther`	$68.95K	USD	Annual
Issuance of commitment shares (in Shares)	`StockIssuedDuringPeriodSharesOther`	35,000.00	shares	Point-in-time
Derivative reclass from liability to equity upon redemption	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$1.02M	USD	Annual
Derivative reclass from liability to equity upon redemption	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	-	USD	Annual
Issuance of shares for conversion of note payable and accrued interest	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$50.00K	USD	Annual
Issuance of shares for conversion of note payable and accrued interest	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$40.24K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-933.76K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-1.74M	USD	Annual
Balance	`StockholdersEquity`	$-574.32K	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$-574.32K	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.18M	USD	Point-in-time

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