10-Q Filing

THC THERAPEUTICS, INC. CIK: 1404935 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001255294-11-000788`
Period End Date	20111031
Filing Date	20111220
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	asuv-20111031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 33 Income Statement 34 Cash Flow Statement 47

Balance Sheet 33 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`Cash`	$10.98K	USD	Point-in-time
Cash	`Cash`	$1.97K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	54.72M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	54.72M	shares	Point-in-time
TOTAL ASSETS	`Assets`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$43.58K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$44.98K	USD	Point-in-time
Accrued interest-related party	`InterestPayableCurrent`	$1.65K	USD	Point-in-time
Accrued interest-related party	`InterestPayableCurrent`	$1.35K	USD	Point-in-time
Note payable-related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$20.00K	USD	Point-in-time
Note payable-related party	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$20.00K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$66.64K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$64.94K	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 54,724,119 shares issued and outstanding	`CommonStockValue`	$54.72K	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 54,724,119 shares issued and outstanding	`CommonStockValue`	$54.72K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$27.71K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$27.71K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-147.37K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-149.07K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-66.64K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-64.94K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	$200.00	USD	18 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$1.40K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$220.05K	USD	18 Qtrs
Website development	`TechnologyServicesCosts`	-	USD	1 Quarter
Website development	`TechnologyServicesCosts`	-	USD	1 Quarter
Website development	`TechnologyServicesCosts`	$9.00K	USD	18 Qtrs
Office and miscellaneous	`OtherGeneralAndAdministrativeExpense`	-	USD	1 Quarter
Office and miscellaneous	`OtherGeneralAndAdministrativeExpense`	$5.11K	USD	18 Qtrs
Office and miscellaneous	`OtherGeneralAndAdministrativeExpense`	$726.00	USD	1 Quarter
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$234.16K	USD	18 Qtrs
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$726.00	USD	1 Quarter
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$1.40K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-726.00	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-233.96K	USD	18 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.40K	USD	1 Quarter
Gain on settlement of accrued expense	`GainLossRelatedToSettlementOfAccuredExpenses`	-	USD	1 Quarter
Gain on settlement of accrued expense	`GainLossRelatedToSettlementOfAccuredExpenses`	$86.75K	USD	18 Qtrs
Gain on settlement of accrued expense	`GainLossRelatedToSettlementOfAccuredExpenses`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$-296.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-1.86K	USD	18 Qtrs
Interest expense	`InterestExpense`	$-300.00	USD	1 Quarter
Total other income (expense)	`OtherIncome`	$84.88K	USD	18 Qtrs
Total other income (expense)	`OtherIncome`	$-300.00	USD	1 Quarter
Total other income (expense)	`OtherIncome`	$-296.00	USD	1 Quarter
Net income ( loss) for the period	`NetIncomeLoss`	$-1.70K	USD	1 Quarter
Net income ( loss) for the period	`NetIncomeLoss`	$-1.02K	USD	1 Quarter
Net income ( loss) for the period	`NetIncomeLoss`	$-149.07K	USD	18 Qtrs
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicDiluted`	54.72M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicDiluted`	54.72M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) and comprehensive loss	`ProfitLoss`	$-1.70K	USD	1 Quarter
Net income (loss) and comprehensive loss	`ProfitLoss`	$-1.02K	USD	1 Quarter
Net income (loss) and comprehensive loss	`ProfitLoss`	$-149.07K	USD	18 Qtrs
Conversion of related party accrued interest	`ConversionAccruedInterest`	-	USD	1 Quarter
Conversion of related party accrued interest	`ConversionAccruedInterest`	-	USD	1 Quarter
Conversion of related party accrued interest	`ConversionAccruedInterest`	$210.00	USD	18 Qtrs
Gain on settlement of debt	`IncreaseDecreaseOnGainLossRelatedToSettlementOfAccuredExpenses`	$-86.75K	USD	18 Qtrs
Gain on settlement of debt	`IncreaseDecreaseOnGainLossRelatedToSettlementOfAccuredExpenses`	-	USD	1 Quarter
Gain on settlement of debt	`IncreaseDecreaseOnGainLossRelatedToSettlementOfAccuredExpenses`	-	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$131.73K	USD	18 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.40K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.28K	USD	1 Quarter
Increase in accrued interest-related party	`IncreaseDecreaseInInterestPayableNet`	$1.65K	USD	18 Qtrs
Increase in accrued interest-related party	`IncreaseDecreaseInInterestPayableNet`	$296.00	USD	1 Quarter
Increase in accrued interest-related party	`IncreaseDecreaseInInterestPayableNet`	$300.00	USD	1 Quarter
CASH FLOWS USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-102.22K	USD	18 Qtrs
CASH FLOWS USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
CASH FLOWS USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-9.01K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$81.22K	USD	18 Qtrs
Proceeds from note payable-related party	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds from note payable-related party	`ProceedsFromNotesPayable`	$21.00K	USD	18 Qtrs
Proceeds from note payable-related party	`ProceedsFromNotesPayable`	-	USD	1 Quarter
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$102.22K	USD	18 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-9.01K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	-	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	-	USD	18 Qtrs
Cash, beginning of period	`Cash`	-	USD	Point-in-time
Cash, beginning of period	`Cash`	$10.98K	USD	Point-in-time
Cash, beginning of period	`Cash`	$1.97K	USD	Point-in-time
Cash, beginning of period	`Cash`	-	USD	Point-in-time
Cash, beginning of period	`Cash`	-	USD	Point-in-time
Cash, end of period	`Cash`	-	USD	Point-in-time
Cash, end of period	`Cash`	$10.98K	USD	Point-in-time
Cash, end of period	`Cash`	$1.97K	USD	Point-in-time
Cash, end of period	`Cash`	-	USD	Point-in-time
Cash, end of period	`Cash`	-	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
Contributed capital	`ProceedsFromContributedCapital`	-	USD	1 Quarter
Contributed capital	`ProceedsFromContributedCapital`	$1.00K	USD	18 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	-	USD	1 Quarter

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