10-Q Filing

THC THERAPEUTICS, INC. CIK: 1404935 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001255294-12-000185`
Period End Date	20120131
Filing Date	20120321
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	asuv-20120131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 33 Income Statement 58 Cash Flow Statement 46

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
Cash	`Cash`	$10.98K	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`Cash`	$1.84K	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	54.72M	shares	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`	$47.08K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$43.58K	USD	Point-in-time
Accrued interest-related party	`InterestPayableCurrent`	$1.35K	USD	Point-in-time
Accrued interest-related party	`InterestPayableCurrent`	$1.95K	USD	Point-in-time
Note payable- related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$20.00K	USD	Point-in-time
Note payable- related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$20.00K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$69.04K	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`	$-151.47K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-64.94K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-69.04K	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 58 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	$200.00	USD	19 Qtrs
Revenues	`Revenues`	-	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$8.38K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$3.50K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$8.38K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$222.15K	USD	19 Qtrs
Professional fees	`ProfessionalFees`	$2.10K	USD	1 Quarter
Website development	`TechnologyServicesCosts`	$9.00K	USD	19 Qtrs
Website development	`TechnologyServicesCosts`	-	USD	1 Quarter
Website development	`TechnologyServicesCosts`	-	USD	2 Qtrs
Website development	`TechnologyServicesCosts`	-	USD	1 Quarter
Website development	`TechnologyServicesCosts`	-	USD	2 Qtrs
Office and miscellaneous	`OtherGeneralAndAdministrativeExpense`	$132.00	USD	1 Quarter
Office and miscellaneous	`OtherGeneralAndAdministrativeExpense`	-	USD	1 Quarter
Office and miscellaneous	`OtherGeneralAndAdministrativeExpense`	$5.11K	USD	19 Qtrs
Office and miscellaneous	`OtherGeneralAndAdministrativeExpense`	$857.00	USD	2 Qtrs
Office and miscellaneous	`OtherGeneralAndAdministrativeExpense`	-	USD	2 Qtrs
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$236.25K	USD	19 Qtrs
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$3.50K	USD	2 Qtrs
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$8.51K	USD	1 Quarter
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$9.24K	USD	2 Qtrs
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$2.10K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.10K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-236.25K	USD	19 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-9.24K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-8.51K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.50K	USD	2 Qtrs
Gain on settlement of accrued expense	`GainLossRelatedToSettlementOfAccuredExpenses`	-	USD	2 Qtrs
Gain on settlement of accrued expense	`GainLossRelatedToSettlementOfAccuredExpenses`	-	USD	2 Qtrs
Gain on settlement of accrued expense	`GainLossRelatedToSettlementOfAccuredExpenses`	-	USD	1 Quarter
Gain on settlement of accrued expense	`GainLossRelatedToSettlementOfAccuredExpenses`	$86.75K	USD	19 Qtrs
Gain on settlement of accrued expense	`GainLossRelatedToSettlementOfAccuredExpenses`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$-296.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-2.16K	USD	19 Qtrs
Interest expense	`InterestExpense`	$-592.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$-300.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-600.00	USD	2 Qtrs
Total other income (expense)	`OtherIncome`	$-296.00	USD	1 Quarter
Total other income (expense)	`OtherIncome`	$-300.00	USD	1 Quarter
Total other income (expense)	`OtherIncome`	$-600.00	USD	2 Qtrs
Total other income (expense)	`OtherIncome`	$84.58K	USD	19 Qtrs
Total other income (expense)	`OtherIncome`	$-592.00	USD	2 Qtrs
Net income (loss) for the period	`NetIncomeLoss`	$-151.47K	USD	19 Qtrs
Net income (loss) for the period	`NetIncomeLoss`	$-2.40K	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$-9.83K	USD	2 Qtrs
Net income (loss) for the period	`NetIncomeLoss`	$-8.81K	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$-4.10K	USD	2 Qtrs
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	2 Qtrs
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicDiluted`	4.72M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicDiluted`	54.72M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicDiluted`	4.72M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicDiluted`	4.72M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) and comprehensive loss	`ProfitLoss`	$-4.10K	USD	2 Qtrs
Net income (loss) and comprehensive loss	`ProfitLoss`	$-9.83K	USD	2 Qtrs
Net income (loss) and comprehensive loss	`ProfitLoss`	$-151.47K	USD	19 Qtrs
Conversion of related party accrued interest	`ConversionAccruedInterest`	-	USD	2 Qtrs
Conversion of related party accrued interest	`ConversionAccruedInterest`	-	USD	2 Qtrs
Conversion of related party accrued interest	`ConversionAccruedInterest`	$210.00	USD	19 Qtrs
Gain on settlement of debt	`IncreaseDecreaseOnGainLossRelatedToSettlementOfAccuredExpenses`	-	USD	2 Qtrs
Gain on settlement of debt	`IncreaseDecreaseOnGainLossRelatedToSettlementOfAccuredExpenses`	$-86.75K	USD	19 Qtrs
Gain on settlement of debt	`IncreaseDecreaseOnGainLossRelatedToSettlementOfAccuredExpenses`	-	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$133.83K	USD	19 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$99.00	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.50K	USD	2 Qtrs
Increase in accrued interest-related party	`IncreaseDecreaseInInterestPayableNet`	$600.00	USD	2 Qtrs
Increase in accrued interest-related party	`IncreaseDecreaseInInterestPayableNet`	$592.00	USD	2 Qtrs
Increase in accrued interest-related party	`IncreaseDecreaseInInterestPayableNet`	$1.95K	USD	19 Qtrs
CASH FLOWS USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	-	USD	2 Qtrs
CASH FLOWS USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-102.22K	USD	19 Qtrs
CASH FLOWS USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-9.14K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$81.22K	USD	19 Qtrs
Proceeds from note payable- related party	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from note payable- related party	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from note payable- related party	`ProceedsFromNotesPayable`	$21.00K	USD	19 Qtrs
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$102.22K	USD	19 Qtrs
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	-	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	-	USD	19 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-9.14K	USD	2 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`	-	USD	Point-in-time
Cash, beginning of period	`Cash`	$1.84K	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`	-	USD	Point-in-time
Cash, end of period	`Cash`	$1.84K	USD	Point-in-time
Cash, end of period	`Cash`	-	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	-	USD	2 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	-	USD	2 Qtrs

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