10-K Filing

SRX HEALTH SOLUTIONS, INC. CIK: 1471727 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001185185-18-002226`
Period End Date	20180831
Filing Date	20181221
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	senz-20180831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 50 Cash Flow Statement 77 Stockholders Equity 15

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Convertible Notes, unamortized debt discounts (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$752.99K	USD	Point-in-time
Convertible Notes, unamortized 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`	$199.67K	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
Inventory	`InventoryNet`	$14.88K	USD	Point-in-time
Preferred stock, shares undesignated	`PreferredStockSharesUndesignated`	19.19M	shares	Annual
Inventory	`InventoryNet`	$9.40K	USD	Point-in-time
Preferred stock, shares undesignated	`PreferredStockSharesUndesignated`	19.19M	shares	Annual
Total current assets	`AssetsCurrent`	$16.32K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$209.08K	USD	Point-in-time
Preferred stock, shares unissued	`PreferredStockSharesUnissued`	20.00M	shares	Annual
Preferred stock, shares unissued	`PreferredStockSharesUnissued`	20.00M	shares	Annual
Total Assets	`Assets`	$209.08K	USD	Point-in-time
Total Assets	`Assets`	$16.32K	USD	Point-in-time
Preferred stock, shares designated	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares designated	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$106.44K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$132.57K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$20.28K	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	-	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
Derivative liability	`DerivativeLiabilitiesCurrent`	$2.32M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$312.88K	USD	Point-in-time
Accrued officer salary	`DueToOfficersOrStockholdersCurrent`	$120.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	78.23M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	79.68M	shares	Point-in-time
Accrued officer salary	`DueToOfficersOrStockholdersCurrent`	$140.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	78.23M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	79.68M	shares	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 $752,990 and $153,234, respectively	`ConvertibleNotesPayableCurrent`	$274.21K	USD	Point-in-time
Convertible notes, net of unamortized debt discounts of $752,990 and $153,234, respectively	`ConvertibleNotesPayableCurrent`	$400.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.86M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 580,000,000 shares authorized 79,683,842 shares issued and outstanding as of May 31, 2018 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 79,683,842 shares issued and outstanding as of May 31, 2018 and 78,226,969 at August 31, 2017	`CommonStockValue`	$79.68K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.85M	USD	Point-in-time
Subscription receivable	`ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock`	-	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`	$-6.06M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-574.32K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-2.65M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.18M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$16.32K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$209.08K	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$475.00	USD	Annual
Revenue	`Revenues`	$1.73K	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$334.00	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$211.00	USD	Annual
Gross profit	`GrossProfit`	$264.00	USD	Annual
Gross profit	`GrossProfit`	$1.40K	USD	Annual
Selling, general, and administrative	`GeneralAndAdministrativeExpense`	$525.44K	USD	Annual
Selling, general, and administrative	`GeneralAndAdministrativeExpense`	$528.15K	USD	Annual
Total operating expenses	`OperatingExpenses`	$525.44K	USD	Annual
Total operating expenses	`OperatingExpenses`	$528.15K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-527.89K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-524.04K	USD	Annual
Interest on notes payable	`InterestExpenseDebt`	$111.41K	USD	Annual
Interest on notes payable	`InterestExpenseDebt`	$48.37K	USD	Annual
Interest on notes payable related parties	`InterestExpenseRelatedParty`	$2.29K	USD	Annual
Interest on notes payable related parties	`InterestExpenseRelatedParty`	$2.01K	USD	Annual
Interest expense amortization of discount on notes payable	`InterestExpense`	$780.29K	USD	Annual
Interest expense amortization of discount on notes payable	`InterestExpense`	$532.91K	USD	Annual
Interest expense fair value of derivative in excess of notes payable	`InterestExpenseOther`	-	USD	Annual
Interest expense fair value of derivative in excess of notes payable	`InterestExpenseOther`	$447.68K	USD	Annual
Gain on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$1.03M	USD	Annual
Gain on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	Annual
Loss on restructuring of debt	`OtherNonoperatingGainsLosses`	-	USD	Annual
Loss on restructuring of debt	`OtherNonoperatingGainsLosses`	$-6.41K	USD	Annual
Loss on conversion of debt	`GainLossOnConversionOfDebt`	$474.65K	USD	Annual
Loss on conversion of debt	`GainLossOnConversionOfDebt`	-	USD	Annual
Loss on change in fair value of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$-45.35K	USD	Annual
Loss on change in fair value of derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$-388.54K	USD	Annual
Total other (expense)	`OtherNonoperatingIncomeExpense`	$-587.02K	USD	Annual
Total other (expense)	`OtherNonoperatingIncomeExpense`	$-1.22M	USD	Annual
Net loss from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.11M	USD	Annual
Net loss from continuing operations before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.74M	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss from continuing operations after tax	`IncomeLossFromContinuingOperations`	$-1.11M	USD	Annual
Net loss from continuing operations after tax	`IncomeLossFromContinuingOperations`	$-1.74M	USD	Annual
Net loss from discontinued operations, net of taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	Annual
Net loss from discontinued operations, net of taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-1.84M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.95M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.74M	USD	Annual
Preferred stock dividend	`DividendsPreferredStock`	$20.28K	USD	Annual
Preferred stock dividend	`DividendsPreferredStock`	-	USD	Annual
Net loss available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.74M	USD	Annual
Net loss available to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.97M	USD	Annual
Net loss per share available to common shareholders - continuing operations: basic and diluted (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	Annual
Net loss per share available to common shareholders - continuing operations: basic and diluted (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	Annual
Net loss per share available to common shareholders - discontinued operations: basic and diluted (in Dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.02	USD	Annual
Net loss per share available to common shareholders - discontinued operations: basic and diluted (in Dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.02	USD	Annual
Weighted average shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	79.20M	shares	Annual
Weighted average shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	77.92M	shares	Annual

Cash Flow Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net loss - continuing operations	`IncomeLossFromContinuingOperations`	$-1.11M	USD	Annual
Net loss - continuing operations	`IncomeLossFromContinuingOperations`	$-1.74M	USD	Annual
Change in the fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-45.35K	USD	Annual
Change in the fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-388.54K	USD	Annual
Excess value of derivative liabilities	`ExcessValueOfDerivativeLiabilities`	$447.68K	USD	Annual
Excess value of derivative liabilities	`ExcessValueOfDerivativeLiabilities`	-	USD	Annual
Amortization of discount on convertible debt	`AmortizationOfDebtDiscountPremium`	$532.91K	USD	Annual
Amortization of discount on convertible debt	`AmortizationOfDebtDiscountPremium`	$780.29K	USD	Annual
Gain on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	$1.03M	USD	Annual
Gain on restructuring of debt	`GainsLossesOnRestructuringOfDebt`	-	USD	Annual
Loss on restructure of debt	`OtherNonoperatingGainsLosses`	-	USD	Annual
Loss on restructure of debt	`OtherNonoperatingGainsLosses`	$-6.41K	USD	Annual
Loss on conversion of debt to equity	`GainLossOnConversion`	-	USD	Annual
Loss on conversion of debt to equity	`GainLossOnConversion`	$474.65K	USD	Annual
Penalty on debt extension	`OtherNoncashExpense`	$306.35K	USD	Annual
Penalty on debt extension	`OtherNoncashExpense`	-	USD	Annual
Subscription receivable write off	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Subscription receivable write off	`ProvisionForDoubtfulAccounts`	$2.17K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-45.00	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-5.48K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$8.48K	USD	Annual
Accrued officer salary	`IncreaseDecreaseInAccruedLiabilities`	$96.00K	USD	Annual
Accrued officer salary	`IncreaseDecreaseInAccruedLiabilities`	$20.00K	USD	Annual
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$2.01K	USD	Annual
Interest payable - related party	`IncreaseDecreaseInInterestPayableNet`	$-2.01K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-226.50K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$138.75K	USD	Annual
Net cash used in operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-39.76K	USD	Annual
Net cash used in operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-842.45K	USD	Annual
Net cash provided by operating activities - discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	Annual
Net cash provided by operating activities - discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$39.18K	USD	Annual
CASH FLOWS FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
CASH FLOWS FROM INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Principal payments made on convertible notes	`RepaymentsOfConvertibleDebt`	$155.00K	USD	Annual
Principal payments made on convertible notes	`RepaymentsOfConvertibleDebt`	-	USD	Annual
Proceeds from notes payable - related party	`ProceedsFromRelatedPartyDebt`	$186.00K	USD	Annual
Proceeds from notes payable - related party	`ProceedsFromRelatedPartyDebt`	$35.50K	USD	Annual
Repayments of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	$266.50K	USD	Annual
Repayments of notes payable - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Proceeds from convertible debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Proceeds from convertible debt	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.23M	USD	Annual
Net cash provided by financing activities - continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.00M	USD	Annual
Net cash provided by financing activities - continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$31.00K	USD	Annual
Net cash provided by financing activities - discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	Annual
Net cash provided by financing activities - discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	Annual
Net increase in cash and cash equivalents - continuing operations	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.76K	USD	Annual
Net increase in cash and cash equivalents - continuing operations	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$159.05K	USD	Annual
Net increase in cash and cash equivalents - discontinued operations	`CashAndCashEquivalentsPeriodIncreaseDecreaseDiscontinuedOperations`	-	USD	Annual
Net increase in cash and cash equivalents - discontinued operations	`CashAndCashEquivalentsPeriodIncreaseDecreaseDiscontinuedOperations`	$39.18K	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.44K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$199.67K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$10.20K	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.44K	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$199.67K	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$10.20K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	$4.30K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Common stock issued for conversion of notes payable	`DebtConversionConvertedInstrumentAmount1`	$702.59K	USD	Annual
Common stock issued for conversion of notes payable	`DebtConversionConvertedInstrumentAmount1`	$50.00K	USD	Annual
Preferred Stock Series B issued for cancellation of notes payable and accrued interest	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	-	USD	Annual
Preferred Stock Series B issued for cancellation of notes payable and accrued interest	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$1.86M	USD	Annual
Discount on Convertible Debt and Accrued Interest	`DebtInstrumentConvertibleBeneficialConversionFeature`	$677.44K	USD	Annual
Discount on Convertible Debt and Accrued Interest	`DebtInstrumentConvertibleBeneficialConversionFeature`	$1.13M	USD	Annual
Stock issued for commitment fee	`StockIssued1`	$68.95K	USD	Annual
Stock issued for commitment fee	`StockIssued1`	-	USD	Annual
Settlement of derivative	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$1.02M	USD	Annual
Accrued interest capitalized into principal of convertible notes	`InterestCostsCapitalized`	$39.38K	USD	Annual
Accrued interest capitalized into principal of convertible notes	`InterestCostsCapitalized`	$15.82K	USD	Annual
Note payable for loan of BTC	`NotesIssued1`	-	USD	Annual
Note payable for loan of BTC	`NotesIssued1`	$5.00M	USD	Annual
BTC loan to third party	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$5.50M	USD	Annual
BTC loan to third party	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	Annual
Accrued preferred stock dividends	`DividendsPreferredStock`	$20.28K	USD	Annual
Accrued preferred stock dividends	`DividendsPreferredStock`	-	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-574.32K	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.18M	USD	Point-in-time
Issuance of commitment shares	`StockIssuedDuringPeriodValueNewIssues`	$68.95K	USD	Annual
Derivative reclass from liability to equity	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$1.02M	USD	Annual
Issuance of shares for conversion of note payable and accrued interest	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$702.59K	USD	Annual
Issuance of shares for conversion of note payable and accrued interest	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$50.00K	USD	Annual
Write-off subscriptions receivable	`StockholdersEquityOther`	$5.37K	USD	Annual
Preferred stock dividend	`DividendsPreferredStock`	$20.28K	USD	Annual
Preferred stock dividend	`DividendsPreferredStock`	-	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-2.95M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-1.74M	USD	Annual
Balance	`StockholdersEquity`	$-574.32K	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.65M	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.