10-Q Filing

THC THERAPEUTICS, INC. CIK: 1404935 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001255294-12-000416`
Period End Date	20120430
Filing Date	20120614
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	asuv-20120430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 37 Income Statement 58 Cash Flow Statement 55

Balance Sheet 37 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`	$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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`Cash`	$255.50K	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	62.37M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	62.37M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
License fee	`LicenseFee`	$525.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$780.50K	USD	Point-in-time
TOTAL ASSETS	`Assets`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$43.58K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$48.08K	USD	Point-in-time
Accrued interest-related party	`InterestPayableCurrent`	$1.35K	USD	Point-in-time
Accrued interest-related party	`InterestPayableCurrent`	$2.25K	USD	Point-in-time
License fee payable	`LicenseFeePayable`	$350.00K	USD	Point-in-time
License fee payable	`LicenseFeePayable`	-	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`	$420.33K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$64.94K	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 62,370,595 shares issued and outstanding	`CommonStockValue`	$12.47K	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 62,370,595 shares issued and outstanding	`CommonStockValue`	$54.72K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.96K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$27.71K	USD	Point-in-time
Share subscriptions received	`ShareSubscriptionsReceived`	$500.00K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-147.37K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-162.27K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$360.17K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-64.94K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$780.50K	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	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	$200.00	USD	20 Qtrs
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$4.20K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$9.38K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$7.70K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$226.35K	USD	20 Qtrs
Professional fees	`ProfessionalFees`	$1.00K	USD	1 Quarter
Website development	`TechnologyServicesCosts`	-	USD	1 Quarter
Website development	`TechnologyServicesCosts`	-	USD	3 Qtrs
Website development	`TechnologyServicesCosts`	$9.00K	USD	20 Qtrs
Website development	`TechnologyServicesCosts`	-	USD	3 Qtrs
Website development	`TechnologyServicesCosts`	-	USD	1 Quarter
Office and miscellaneous	`OtherGeneralAndAdministrativeExpense`	$6.29K	USD	1 Quarter
Office and miscellaneous	`OtherGeneralAndAdministrativeExpense`	$6.29K	USD	3 Qtrs
Office and miscellaneous	`OtherGeneralAndAdministrativeExpense`	$11.40K	USD	20 Qtrs
Office and miscellaneous	`OtherGeneralAndAdministrativeExpense`	$93.00	USD	1 Quarter
Office and miscellaneous	`OtherGeneralAndAdministrativeExpense`	$950.00	USD	3 Qtrs
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$13.99K	USD	3 Qtrs
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$10.33K	USD	3 Qtrs
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$246.75K	USD	20 Qtrs
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$-10.49K	USD	1 Quarter
Total general and administrative expenses	`GeneralAndAdministrativeExpense`	$1.09K	USD	1 Quarter
Loss from operation	`OperatingIncomeLoss`	$-10.49K	USD	1 Quarter
Loss from operation	`OperatingIncomeLoss`	$-1.09K	USD	1 Quarter
Loss from operation	`OperatingIncomeLoss`	$-13.99K	USD	3 Qtrs
Loss from operation	`OperatingIncomeLoss`	$-10.33K	USD	3 Qtrs
Loss from operation	`OperatingIncomeLoss`	$-246.75K	USD	20 Qtrs
Gain on settlement of accrued expense	`GainLossRelatedToSettlementOfAccuredExpenses`	-	USD	1 Quarter
Gain on settlement of accrued expense	`GainLossRelatedToSettlementOfAccuredExpenses`	-	USD	1 Quarter
Gain on settlement of accrued expense	`GainLossRelatedToSettlementOfAccuredExpenses`	-	USD	3 Qtrs
Gain on settlement of accrued expense	`GainLossRelatedToSettlementOfAccuredExpenses`	$86.75K	USD	20 Qtrs
Gain on settlement of accrued expense	`GainLossRelatedToSettlementOfAccuredExpenses`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	$-900.00	USD	3 Qtrs
Interest expense	`InterestExpense`	$-2.46K	USD	20 Qtrs
Interest expense	`InterestExpense`	$-300.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-300.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-892.00	USD	3 Qtrs
Total other income (expense)	`OtherIncome`	$84.28K	USD	20 Qtrs
Total other income (expense)	`OtherIncome`	$-900.00	USD	3 Qtrs
Total other income (expense)	`OtherIncome`	$-300.00	USD	1 Quarter
Total other income (expense)	`OtherIncome`	$-892.00	USD	3 Qtrs
Total other income (expense)	`OtherIncome`	$-300.00	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$-1.39K	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$-162.27K	USD	20 Qtrs
Net income (loss) for the period	`NetIncomeLoss`	$-14.89K	USD	3 Qtrs
Net income (loss) for the period	`NetIncomeLoss`	$-10.79K	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$-11.22K	USD	3 Qtrs
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	3 Qtrs
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	3 Qtrs
Basic and diluted, adjusted for effect of forward stock split	`WeightedAverageNumberOfSharesOutstandingBasicDiluted`	273.57M	shares	1 Quarter
Basic and diluted, adjusted for effect of forward stock split	`WeightedAverageNumberOfSharesOutstandingBasicDiluted`	62.37M	shares	1 Quarter
Basic and diluted, adjusted for effect of forward stock split	`WeightedAverageNumberOfSharesOutstandingBasicDiluted`	203.20M	shares	3 Qtrs
Basic and diluted, adjusted for effect of forward stock split	`WeightedAverageNumberOfSharesOutstandingBasicDiluted`	273.57M	shares	3 Qtrs

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) and comprehensive loss	`ProfitLoss`	$-14.89K	USD	3 Qtrs
Net income (loss) and comprehensive loss	`ProfitLoss`	$-9.83K	USD	3 Qtrs
Net income (loss) and comprehensive loss	`ProfitLoss`	$-162.27K	USD	20 Qtrs
Conversion of related party accrued interest	`ConversionAccruedInterest`	-	USD	3 Qtrs
Conversion of related party accrued interest	`ConversionAccruedInterest`	-	USD	3 Qtrs
Conversion of related party accrued interest	`ConversionAccruedInterest`	$210.00	USD	20 Qtrs
Gain on settlement of debt	`IncreaseDecreaseOnGainLossRelatedToSettlementOfAccuredExpenses`	$-86.75K	USD	20 Qtrs
Gain on settlement of debt	`IncreaseDecreaseOnGainLossRelatedToSettlementOfAccuredExpenses`	-	USD	3 Qtrs
Gain on settlement of debt	`IncreaseDecreaseOnGainLossRelatedToSettlementOfAccuredExpenses`	-	USD	3 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$134.83K	USD	20 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.50K	USD	3 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$99.00	USD	3 Qtrs
Increase in accrued interest-related party	`IncreaseDecreaseInInterestPayableNet`	$592.00	USD	3 Qtrs
Increase in accrued interest-related party	`IncreaseDecreaseInInterestPayableNet`	$900.00	USD	3 Qtrs
Increase in accrued interest-related party	`IncreaseDecreaseInInterestPayableNet`	$2.25K	USD	20 Qtrs
CASH FLOWS USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-9.14K	USD	3 Qtrs
CASH FLOWS USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-111.72K	USD	20 Qtrs
CASH FLOWS USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-9.50K	USD	3 Qtrs
Acquisition of license agreement	`PaymentsToAcquireIntangibleAssets`	$-525.00K	USD	3 Qtrs
Acquisition of license agreement	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Acquisition of license agreement	`PaymentsToAcquireIntangibleAssets`	$-525.00K	USD	20 Qtrs
CASH FLOWS USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-525.00K	USD	3 Qtrs
CASH FLOWS USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-525.00K	USD	20 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$581.23K	USD	20 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$500.00K	USD	3 Qtrs
Stock offering costs	`PaymentsOfStockOfferingCosts`	$-60.00K	USD	20 Qtrs
Stock offering costs	`PaymentsOfStockOfferingCosts`	$-60.00K	USD	3 Qtrs
Increase in license fee payable	`IncreaseDecreaseInLicenseFeePayable`	$350.00K	USD	3 Qtrs
Increase in license fee payable	`IncreaseDecreaseInLicenseFeePayable`	$350.00K	USD	20 Qtrs
Proceeds from note payable-related party	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Proceeds from note payable-related party	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Proceeds from note payable-related party	`ProceedsFromNotesPayable`	$21.00K	USD	20 Qtrs
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$892.23K	USD	20 Qtrs
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$790.00K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$255.50K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$-9.14K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	$255.50K	USD	20 Qtrs
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`	$255.50K	USD	Point-in-time
Cash, beginning 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`	$255.50K	USD	Point-in-time
Cash, end of period	`Cash`	-	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	-	USD	3 Qtrs
Contributed capital	`ProceedsFromContributedCapital`	-	USD	3 Qtrs

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