10-Q Filing

SRX HEALTH SOLUTIONS, INC. CIK: 1471727 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001185185-18-000079`
Period End Date	20171130
Filing Date	20180118
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	senz-20171130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 34 Cash Flow Statement 52

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Convertible Notes, unamortized debt discounts (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$153.23K	USD	Point-in-time
Convertible Notes, unamortized debt discounts (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$169.66K	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`	$92.17K	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`	$964.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	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 issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Inventory	`InventoryNet`	$14.86K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Inventory	`InventoryNet`	$14.88K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$16.32K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$107.03K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$107.03K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	580.00M	shares	Point-in-time
Total Assets	`Assets`	$16.32K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	580.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	78.69M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	78.23M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	78.69M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	78.23M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$132.57K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$79.24K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$304.71K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$312.88K	USD	Point-in-time
Accrued officer salary	`DueToOfficersOrStockholdersCurrent`	$144.00K	USD	Point-in-time
Accrued officer salary	`DueToOfficersOrStockholdersCurrent`	$120.00K	USD	Point-in-time
Notes payable and accrued interest - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$193.75K	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 $169,655 and $153,234	`ConvertibleNotesPayableCurrent`	$400.74K	USD	Point-in-time
Convertible notes, net of unamortized debt discounts of $169,655 and $153,234	`ConvertibleNotesPayableCurrent`	$600.46K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.32M	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, 2017 and August 31, 2017	`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, 2017 and August 31, 2017	`PreferredStockValue`	$1.00	USD	Point-in-time
Common stock, $0.001 par value, 580,000,000 shares authorized 78,685,302 shares issued and outstanding as of November 30, 2017 and 78,226,969 at August 31, 2017	`CommonStockValue`	$78.23K	USD	Point-in-time
Common stock, $0.001 par value, 580,000,000 shares authorized 78,685,302 shares issued and outstanding as of November 30, 2017 and 78,226,969 at August 31, 2017	`CommonStockValue`	$78.68K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.93M	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`	$-3.22M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.22M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.18M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$107.03K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$16.32K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$214.00	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`	$27.00	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$196.00	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$187.00	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$66.15K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$43.72K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$17.97K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$41.52K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$84.13K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$85.24K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-85.06K	USD	1 Quarter
Net Operating Loss	`OperatingIncomeLoss`	$-83.93K	USD	1 Quarter
Interest expense	`InterestExpense`	$136.93K	USD	1 Quarter
Interest expense	`InterestExpense`	$183.71K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$111.28K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$67.07K	USD	1 Quarter
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$-116.63K	USD	1 Quarter
Total other income (expense), net	`OtherNonoperatingIncomeExpense`	$-25.64K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-200.56K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-110.70K	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`	$-110.70K	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`	78.41M	shares	1 Quarter
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	77.78M	shares	1 Quarter
Weighted average shares outstanding - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	78.41M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-200.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-110.70K	USD	1 Quarter
Change in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$111.28K	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`	$118.89K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-45.00	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-27.00	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$8.81K	USD	1 Quarter
Accrued officer salary	`IncreaseDecreaseInAccruedLiabilities`	$24.00K	USD	1 Quarter
Accrued officer salary	`IncreaseDecreaseInAccruedLiabilities`	$24.00K	USD	1 Quarter
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	-	USD	1 Quarter
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$241.00	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$70.44K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-32.19K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.23K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-111.02K	USD	1 Quarter
Payments to acquire assets	`PaymentsToAcquireProductiveAssets`	-	USD	1 Quarter
Payments to acquire assets	`PaymentsToAcquireProductiveAssets`	-	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 notes payable - related party	`ProceedsFromRelatedPartyDebt`	$134.00K	USD	1 Quarter
Proceeds from notes payable - related party	`ProceedsFromRelatedPartyDebt`	$27.00K	USD	Point-in-time
Proceeds from notes payable - related party	`ProceedsFromRelatedPartyDebt`	$35.50K	USD	1 Quarter
Proceeds from notes payable - related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Repayments of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$75.00K	USD	1 Quarter
Repayments of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from convertible debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$241.25K	USD	1 Quarter
Proceeds from convertible debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$201.75K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.23K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$90.73K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$92.17K	USD	Point-in-time
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`	$964.00	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$92.17K	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`	$964.00	USD	Point-in-time
Interest paid	`InterestPaid`	$950.00	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Common stock issued for conversion of notes payable and accrued interest	`DebtConversionConvertedInstrumentAmount1`	-	USD	1 Quarter
Common stock issued for conversion of notes payable and accrued interest	`DebtConversionConvertedInstrumentAmount1`	$55.00K	USD	1 Quarter
Discount on Convertible Debt and Accrued Interest	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	1 Quarter
Discount on Convertible Debt and Accrued Interest	`DebtInstrumentConvertibleBeneficialConversionFeature`	$126.56K	USD	1 Quarter
Settlement of derivative	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$23.45K	USD	1 Quarter
Settlement of derivative	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	-	USD	1 Quarter

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