10-Q Filing

RICH PHARMACEUTICALS, INC. CIK: 1504389 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001255294-13-000937`
Period End Date	20130930
Filing Date	20131119
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	rcha-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 49 Income Statement 54 Cash Flow Statement 50

Balance Sheet 49 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
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$9.79K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	37.50B	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.59K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	37.50B	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$45.83K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	413.83M	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	1.09B	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	993,108.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$55.63K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.59K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Intangible assets, net of accumulated amortization of $nil (Note 4)	`AcquiredFiniteLivedIntangibleAssetAmount`	-	USD	Point-in-time
Intangible assets, net of accumulated amortization of $nil (Note 4)	`AcquiredFiniteLivedIntangibleAssetAmount`	$28.61K	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	6.00M	shares	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$28.61K	USD	Point-in-time
Accumulated Amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	-	USD	Point-in-time
Accumulated Amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	-	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	-	USD	Point-in-time
Total assets	`Assets`	$1.59K	USD	Point-in-time
Total assets	`Assets`	$84.24K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.21K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.70K	USD	Point-in-time
Due to related parties (Note 5)	`DueToRelatedPartiesCurrent`	$100.00	USD	Point-in-time
Due to related parties (Note 5)	`DueToRelatedPartiesCurrent`	$24.32K	USD	Point-in-time
Loans payable (Note 6)	`LoansPayableCurrent`	-	USD	Point-in-time
Loans payable (Note 6)	`LoansPayableCurrent`	$197.05K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$31.02K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$210.35K	USD	Point-in-time
Preferred Stock, $0.001 par value, 10,000,000 shares authorized, 6,000,000 and nil shares issued and outstanding, respectively (Note 7)	`PreferredStockValue`	$6.00K	USD	Point-in-time
Preferred Stock, $0.001 par value, 10,000,000 shares authorized, 6,000,000 and nil shares issued and outstanding, respectively (Note 7)	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.001 par value, 37,503,000,000 shares authorized, 413,828,104 and 1,093,837,500 shares issued and outstanding, respectively (Note 7)	`CommonStockValue`	$1.09M	USD	Point-in-time
Common Stock, $0.001 par value, 37,503,000,000 shares authorized, 413,828,104 and 1,093,837,500 shares issued and outstanding, respectively (Note 7)	`CommonStockValue`	$413.83K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$-1.04M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$-332.31K	USD	Point-in-time
Deficit Accumulated During the Development Stage	`RetainedEarningsAccumulatedDeficit`	$-81.93K	USD	Point-in-time
Deficit Accumulated During the Development Stage	`RetainedEarningsAccumulatedDeficit`	$-213.63K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-29.43K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-126.12K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.59K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$84.24K	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	13 Qtrs
Revenue	`Revenues`	-	USD	2 Qtrs
Consulting related party	`ProfessionalAndContractServicesRelatedPartyExpense`	$22.92K	USD	2 Qtrs
Consulting related party	`ProfessionalAndContractServicesRelatedPartyExpense`	-	USD	1 Quarter
Consulting related party	`ProfessionalAndContractServicesRelatedPartyExpense`	$22.92K	USD	1 Quarter
Consulting related party	`ProfessionalAndContractServicesRelatedPartyExpense`	-	USD	2 Qtrs
Consulting related party	`ProfessionalAndContractServicesRelatedPartyExpense`	$22.92K	USD	13 Qtrs
Consulting	`ProfessionalAndContractServicesExpense`	-	USD	2 Qtrs
Consulting	`ProfessionalAndContractServicesExpense`	$700.00	USD	1 Quarter
Consulting	`ProfessionalAndContractServicesExpense`	$700.00	USD	13 Qtrs
Consulting	`ProfessionalAndContractServicesExpense`	$700.00	USD	2 Qtrs
Consulting	`ProfessionalAndContractServicesExpense`	-	USD	1 Quarter
Office	`OperatingCostsAndExpenses`	-	USD	1 Quarter
Office	`OperatingCostsAndExpenses`	$3.34K	USD	2 Qtrs
Office	`OperatingCostsAndExpenses`	$3.34K	USD	1 Quarter
Office	`OperatingCostsAndExpenses`	-	USD	2 Qtrs
Office	`OperatingCostsAndExpenses`	$3.34K	USD	13 Qtrs
Professional fees	`ProfessionalFees`	$2.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$63.57K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$153.53K	USD	13 Qtrs
Professional fees	`ProfessionalFees`	$55.54K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$4.00K	USD	2 Qtrs
Regulatory fees	`RegulatoryExpense`	-	USD	1 Quarter
Regulatory fees	`RegulatoryExpense`	$34.92K	USD	2 Qtrs
Regulatory fees	`RegulatoryExpense`	$34.92K	USD	1 Quarter
Regulatory fees	`RegulatoryExpense`	-	USD	2 Qtrs
Regulatory fees	`RegulatoryExpense`	$34.92K	USD	13 Qtrs
Travel	`TravelAndEntertainmentExpense`	-	USD	2 Qtrs
Travel	`TravelAndEntertainmentExpense`	$6.26K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$6.26K	USD	2 Qtrs
Travel	`TravelAndEntertainmentExpense`	$6.26K	USD	13 Qtrs
Travel	`TravelAndEntertainmentExpense`	-	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$131.70K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$4.00K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$2.00K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$123.67K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$221.66K	USD	13 Qtrs
Net Loss	`IncomeLossFromContinuingOperations`	$-131.70K	USD	2 Qtrs
Net Loss	`IncomeLossFromContinuingOperations`	$-4.00K	USD	2 Qtrs
Net Loss	`IncomeLossFromContinuingOperations`	$-2.00K	USD	1 Quarter
Net Loss	`IncomeLossFromContinuingOperations`	$-123.67K	USD	1 Quarter
Net Loss	`IncomeLossFromContinuingOperations`	$-221.66K	USD	13 Qtrs
Net Loss Per Share Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net Loss Per Share Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net Loss Per Share Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss Per Share Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	13 Qtrs
Net Loss Per Share Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted Average Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	540.86M	shares	1 Quarter
Weighted Average Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.09B	shares	2 Qtrs
Weighted Average Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.09B	shares	1 Quarter
Weighted Average Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	815.82M	shares	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-131.70K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-221.66K	USD	13 Qtrs
Net loss	`ProfitLoss`	$-4.00K	USD	2 Qtrs
Increase in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-45.83K	USD	2 Qtrs
Increase in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$-45.83K	USD	13 Qtrs
Increase in prepaid expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.00K	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.50K	USD	2 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.73K	USD	13 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-250.76K	USD	13 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-171.03K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.00K	USD	2 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$-22.41K	USD	13 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$-22.41K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.41K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.41K	USD	13 Qtrs
Proceeds from loans payable	`IncreaseDecreaseInNotesPayableCurrent`	-	USD	2 Qtrs
Proceeds from loans payable	`IncreaseDecreaseInNotesPayableCurrent`	$197.05K	USD	13 Qtrs
Proceeds from loans payable	`IncreaseDecreaseInNotesPayableCurrent`	$197.50K	USD	2 Qtrs
Proceeds from note payable related party	`ProceedsFromRelatedPartyDebt`	$5.00K	USD	2 Qtrs
Proceeds from note payable related party	`ProceedsFromRelatedPartyDebt`	$4.60K	USD	2 Qtrs
Proceeds from note payable related party	`ProceedsFromRelatedPartyDebt`	$33.42K	USD	13 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$52.50K	USD	13 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$201.65K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$5.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$282.97K	USD	13 Qtrs
Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.79K	USD	13 Qtrs
Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.20K	USD	2 Qtrs
Increase in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
Cash - Beginning of Period	`Cash`	$12.50K	USD	Point-in-time
Cash - Beginning of Period	`Cash`	$12.50K	USD	Point-in-time
Cash - Beginning of Period	`Cash`	$1.59K	USD	Point-in-time
Cash - Beginning of Period	`Cash`	$9.79K	USD	Point-in-time
Cash - Beginning of Period	`Cash`	-	USD	Point-in-time
Cash - End of Period	`Cash`	$12.50K	USD	Point-in-time
Cash - End of Period	`Cash`	$12.50K	USD	Point-in-time
Cash - End of Period	`Cash`	$1.59K	USD	Point-in-time
Cash - End of Period	`Cash`	$9.79K	USD	Point-in-time
Cash - End of Period	`Cash`	-	USD	Point-in-time
Acquisition of intangibles for common and preferred shares	`AcquisitionOfIntangiblesForCommonAndPreferredShares`	$6.20K	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	13 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	13 Qtrs

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