10-K Filing

RICH PHARMACEUTICALS, INC. CIK: 1504389 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001255294-14-000711`
Period End Date	20140331
Filing Date	20140715
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	rcha-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 57 Cash Flow Statement 73 Stockholders Equity 33

Balance Sheet 71 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, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash adn equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.39K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Cash adn equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.59K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	37.50B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	37.50B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	37.50B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	37.50B	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseAndOtherAssetsCurrent`	-	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	83,334.00	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	413.83M	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	250,000.00	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	414.41M	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	1.09B	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$1.56K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	250,000.00	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	1.09B	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	993,108.00	shares	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
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$13.95K	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	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
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.26K	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	6.00M	shares	Point-in-time
Total Assets	`Assets`	$1.59K	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	6.00M	shares	Point-in-time
Total Assets	`Assets`	$15.21K	USD	Point-in-time
Accumulated Amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	-	USD	Point-in-time
Accumulated Amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$6.70K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$180.67K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$451.29K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$451.29K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$24.32K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$36.00K	USD	Point-in-time
Stock deposits	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$-147.05K	USD	Point-in-time
Stock deposits	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Stock deposits	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$-147.05K	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayable`	-	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayable`	$37.50K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$31.02K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$852.51K	USD	Point-in-time
Preferred Stock, $0.001 par value, 10,000,000 shares authorized, 6,000,000 and 0 shares issued and outstanding, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $0.001 par value, 10,000,000 shares authorized, 6,000,000 and 0 shares issued and outstanding, respectively	`PreferredStockValue`	$6.00K	USD	Point-in-time
Common Stock, $0.001 par value, 37,503,000,000 shares authorized, 414,411,438 and 1,093,837,500 shares issued and outstanding, respectively	`CommonStockValue`	$2.62K	USD	Point-in-time
Common Stock, $0.001 par value, 37,503,000,000 shares authorized, 414,411,438 and 1,093,837,500 shares issued and outstanding, respectively	`CommonStockValue`	$414.41K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$49.88K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$2.04M	USD	Point-in-time
Deficit Accumulated During the Development Stage	`RetainedEarningsAccumulatedDeficit`	$-81.93K	USD	Point-in-time
Deficit Accumulated During the Development Stage	`RetainedEarningsAccumulatedDeficit`	$-3.30M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$33.81K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-837.30K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-29.43K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$33.81K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$15.21K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$1.59K	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	15 Qtrs
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Consulting expenses	`CostOfServices`	-	USD	Annual
Consulting expenses	`CostOfServices`	$335.00K	USD	Annual
Consulting expenses	`CostOfServices`	$335.00K	USD	15 Qtrs
Office expenses	`OperatingCostsAndExpenses`	$39.57K	USD	Annual
Office expenses	`OperatingCostsAndExpenses`	-	USD	Annual
Office expenses	`OperatingCostsAndExpenses`	$39.57K	USD	15 Qtrs
Depreciation expense	`Depreciation`	$158.00	USD	15 Qtrs
Depreciation expense	`Depreciation`	$158.00	USD	Annual
Depreciation expense	`Depreciation`	-	USD	Annual
Wages and taxes	`LaborAndRelatedExpense`	$291.36K	USD	15 Qtrs
Wages and taxes	`LaborAndRelatedExpense`	-	USD	Annual
Wages and taxes	`LaborAndRelatedExpense`	$291.36K	USD	Annual
Professional fees	`ProfessionalFees`	$115.30K	USD	Annual
Professional fees	`ProfessionalFees`	$31.35K	USD	Annual
Professional fees	`ProfessionalFees`	$197.23K	USD	15 Qtrs
Regulatory fees	`RegulatoryExpense`	$37.59K	USD	Annual
Regulatory fees	`RegulatoryExpense`	$37.59K	USD	15 Qtrs
Regulatory fees	`RegulatoryExpense`	-	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$123.80K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	-	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$123.80K	USD	15 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.87M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.87M	USD	15 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$168.97K	USD	15 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$168.97K	USD	Annual
Travel, meals and entertainment	`TravelAndEntertainmentExpense`	$23.57K	USD	15 Qtrs
Travel, meals and entertainment	`TravelAndEntertainmentExpense`	$23.57K	USD	Annual
Travel, meals and entertainment	`TravelAndEntertainmentExpense`	-	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$3.00M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$3.09M	USD	15 Qtrs
Total Operating Expenses	`OperatingExpenses`	$31.35K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-3.09M	USD	15 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-31.35K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-3.00M	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$342.00	USD	15 Qtrs
Interest expense	`InterestExpense`	$342.00	USD	Annual
Loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-3.09M	USD	15 Qtrs
Loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-31.35K	USD	Annual
Loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-3.00M	USD	Annual
Provision for income tax	`CurrentIncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income tax	`CurrentIncomeTaxExpenseBenefit`	-	USD	15 Qtrs
Provision for income tax	`CurrentIncomeTaxExpenseBenefit`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-18.69K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-3.00M	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.09M	USD	15 Qtrs
Net Loss	`NetIncomeLoss`	$-31.35K	USD	Annual
Net Loss	`NetIncomeLoss`	$-31.89K	USD	Annual
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Net Loss Per Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted Average Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.09B	shares	Annual
Weighted Average Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	615.22M	shares	Annual

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-18.69K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.00M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.09M	USD	15 Qtrs
Net loss	`NetIncomeLoss`	$-31.35K	USD	Annual
Net loss	`NetIncomeLoss`	$-31.89K	USD	Annual
Depreciation expense	`Depreciation`	$158.00	USD	15 Qtrs
Depreciation expense	`Depreciation`	$158.00	USD	Annual
Depreciation expense	`Depreciation`	-	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$168.97K	USD	15 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	Annual
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$168.97K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.87M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.87M	USD	15 Qtrs
Stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.56K	USD	Annual
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.56K	USD	15 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$120.00	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$173.97K	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$180.67K	USD	15 Qtrs
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Annual
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$451.29K	USD	Annual
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$451.29K	USD	15 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-418.06K	USD	15 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.23K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-342.83K	USD	Annual
Purchase of fixed assets	`AcquisitionOfFixedAssets`	$1.42K	USD	15 Qtrs
Purchase of fixed assets	`AcquisitionOfFixedAssets`	-	USD	Annual
Purchase of fixed assets	`AcquisitionOfFixedAssets`	$1.42K	USD	Annual
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$45.00K	USD	Annual
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$45.00K	USD	15 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.42K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.42K	USD	15 Qtrs
Loans received from related parties	`LoansAndLeasesReceivableRelatedPartiesAdditions`	$64.82K	USD	15 Qtrs
Loans received from related parties	`LoansAndLeasesReceivableRelatedPartiesAdditions`	$20.32K	USD	Annual
Loans received from related parties	`LoansAndLeasesReceivableRelatedPartiesAdditions`	$40.50K	USD	Annual
Proceeds from stock deposits	`ProceedsStockDeposits`	$147.05K	USD	Annual
Proceeds from stock deposits	`ProceedsStockDeposits`	-	USD	Annual
Proceeds from stock deposits	`ProceedsStockDeposits`	$147.05K	USD	15 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$227.50K	USD	15 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$175.00K	USD	Annual
Issuance of convertible note payable	`IssuanceOfConvertibleNotePayable`	$37.50K	USD	15 Qtrs
Issuance of convertible note payable	`IssuanceOfConvertibleNotePayable`	-	USD	Annual
Issuance of convertible note payable	`IssuanceOfConvertibleNotePayable`	$37.50K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$20.32K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$476.87K	USD	15 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$400.05K	USD	Annual
Net increase (decrease) in cash and cash equivlants	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.91K	USD	Annual
Net increase (decrease) in cash and cash equivlants	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.39K	USD	15 Qtrs
Net increase (decrease) in cash and cash equivlants	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.80K	USD	Annual
Cash - Beginning of Period	`Cash`	$12.39K	USD	Point-in-time
Cash - Beginning of Period	`Cash`	$1.59K	USD	Point-in-time
Cash - Beginning of Period	`Cash`	$12.50K	USD	Point-in-time
Cash - Beginning of Period	`Cash`	-	USD	Point-in-time
Cash - End of Period	`Cash`	$12.39K	USD	Point-in-time
Cash - End of Period	`Cash`	$1.59K	USD	Point-in-time
Cash - End of Period	`Cash`	$12.50K	USD	Point-in-time
Cash - End of Period	`Cash`	-	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	$342.00	USD	15 Qtrs
Interest paid	`InterestPaid`	$342.00	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	15 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Forgivenss of shareholder debt recorded as contributed capital	`ForgivenessOfShareholderDebt`	$28.82K	USD	Annual
Forgivenss of shareholder debt recorded as contributed capital	`ForgivenessOfShareholderDebt`	$28.82K	USD	15 Qtrs
Forgivenss of shareholder debt recorded as contributed capital	`ForgivenessOfShareholderDebt`	-	USD	Annual
Common and preferred stock issued for intangible assets	`StockIssuedForIntangibleAssets1`	-	USD	Annual
Common and preferred stock issued for intangible assets	`StockIssuedForIntangibleAssets1`	$123.97K	USD	15 Qtrs
Common and preferred stock issued for intangible assets	`StockIssuedForIntangibleAssets1`	$123.97K	USD	Annual

Stockholders Equity 33 line items

Line Item	Tag	Value	Unit	Period
Forward Split	`StockholdersEquityNoteStockSplitConversionRatio1`	416.71	pure	Annual
Beginning balance, shares	`SharesIssued`	2.50M	shares	Point-in-time
Beginning balance, shares	`SharesIssued`	-	shares	Point-in-time
Beginning balance, shares	`SharesIssued`	1.00M	shares	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$33.81K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-837.30K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-29.43K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$33.81K	USD	Point-in-time
Issuance of common stock for cash, amount	`StockIssuedDuringPeriodValueIssuedForCash`	$52.50K	USD	3 Qtrs
Stock issued for intangible assets, amount	`StockIssuedForIntangibleAssets1`	-	USD	Annual
Stock issued for intangible assets, amount	`StockIssuedForIntangibleAssets1`	$123.97K	USD	15 Qtrs
Stock issued for intangible assets, amount	`StockIssuedForIntangibleAssets1`	$123.97K	USD	Annual
Forgiveness of shareholder debt	`ForgivenessOfShareholderDebt`	$28.82K	USD	Annual
Forgiveness of shareholder debt	`ForgivenessOfShareholderDebt`	$28.82K	USD	15 Qtrs
Forgiveness of shareholder debt	`ForgivenessOfShareholderDebt`	-	USD	Annual
Stock options granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$663.31K	USD	Annual
Stock and warrants issued for cash, amount	`StockAndWarrantsIssuedForCash1`	$175.00K	USD	Annual
Stock options granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims1`	$23.82K	USD	Annual
Stock options granted for services	`IssuanceOfStockAndWarrantsForServicesOrClaims2`	$1.18M	USD	Annual
Net loss	`NetIncomeLoss`	$-18.69K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-3.00M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.09M	USD	15 Qtrs
Net loss	`NetIncomeLoss`	$-31.35K	USD	Annual
Net loss	`NetIncomeLoss`	$-31.89K	USD	Annual
Ending balance, shares	`SharesIssued`	2.50M	shares	Point-in-time
Ending balance, shares	`SharesIssued`	-	shares	Point-in-time
Ending balance, shares	`SharesIssued`	1.00M	shares	Point-in-time
Ending balance, amount	`StockholdersEquity`	$33.81K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-837.30K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	-	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-29.43K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$33.81K	USD	Point-in-time

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