10-Q Filing

WELL POWER, INC. CIK: 1400728 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001255294-14-001309`
Period End Date	20141031
Filing Date	20141222
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	wpwr-20141031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 32 Cash Flow Statement 50

Balance Sheet 46 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, shares authorized	`CommonStockSharesAuthorized`	4.50B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.50B	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	111.86M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$39.83K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$72.14K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	107.50M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Deferred financing costs, amortization	`AccumulatedAmortizationDeferredFinanceCosts`	$7.95K	USD	Point-in-time
Deferred financing costs, amortization	`AccumulatedAmortizationDeferredFinanceCosts`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$14.13K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$39.83K	USD	Point-in-time
Convertible debenture, net discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	-	USD	Point-in-time
Convertible debenture, net discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	$248.15K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$86.27K	USD	Point-in-time
Deferred financing costs, net of amortization of $7,946 and $0, respectively	`PostconfirmationDeferredFinancingCosts`	-	USD	Point-in-time
Deferred financing costs, net of amortization of $7,946 and $0, respectively	`PostconfirmationDeferredFinancingCosts`	$36.98K	USD	Point-in-time
Intangible Asset	`IntangibleAssetsCurrent`	$400.00K	USD	Point-in-time
Intangible Asset	`IntangibleAssetsCurrent`	$617.50K	USD	Point-in-time
Total Assets	`Assets`	$740.75K	USD	Point-in-time
Total Assets	`Assets`	$439.83K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$424.50K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$323.14K	USD	Point-in-time
Short-term loan payable	`ShortTermNonBankLoansAndNotesPayable`	$35.00K	USD	Point-in-time
Short-term loan payable	`ShortTermNonBankLoansAndNotesPayable`	$35.00K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrentAndNoncurrent`	$102.76K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrentAndNoncurrent`	$173.85K	USD	Point-in-time
Stock payable	`DebtInstrumentFairValue`	$280.24K	USD	Point-in-time
Stock payable	`DebtInstrumentFairValue`	$530.24K	USD	Point-in-time
Convertible debentures, net of discount of $248,149 and $0, respectively	`ConvertibleNotesPayable`	$60.41K	USD	Point-in-time
Convertible debentures, net of discount of $248,149 and $0, respectively	`ConvertibleNotesPayable`	-	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$366.58K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$741.13K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$1.59M	USD	Point-in-time
Common stock, 4,500,000,000 shares authorized, $0.001 par value; 111,861,934 and 107,500,000 shares issued and outstanding, respectively	`CommonStockValue`	$111.86K	USD	Point-in-time
Common stock, 4,500,000,000 shares authorized, $0.001 par value; 111,861,934 and 107,500,000 shares issued and outstanding, respectively	`CommonStockValue`	$107.50K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.10M	USD	Point-in-time
Accumulated deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$2.21M	USD	Point-in-time
Accumulated deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$3.06M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-849.83K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-301.30K	USD	Point-in-time
Total Liabilities And Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$439.83K	USD	Point-in-time
Total Liabilities And Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$740.75K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$350.46K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$394.88K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.00K	USD	2 Qtrs
Professional and consulting	`ProfessionalFees`	$302.34K	USD	2 Qtrs
Professional and consulting	`ProfessionalFees`	$138.11K	USD	1 Quarter
Professional and consulting	`ProfessionalFees`	-	USD	2 Qtrs
Professional and consulting	`ProfessionalFees`	-	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$697.22K	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`	$488.57K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$119.09K	USD	1 Quarter
Interest expense	`InterestExpense`	$120.06K	USD	2 Qtrs
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	-	USD	2 Qtrs
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-32.52K	USD	2 Qtrs
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	-	USD	1 Quarter
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-32.52K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.00K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-849.80K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-640.18K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.00K	USD	1 Quarter
Net Loss Per Common Share - Basic And Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Net Loss Per Common Share - Basic And Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Net Loss Per Common Share - Basic And Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	2 Qtrs
Net Loss Per Common Share - Basic And Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	2 Qtrs
Weighted Average Common Shares Outstanding - Basic And Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	107.50M	shares	1 Quarter
Weighted Average Common Shares Outstanding - Basic And Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	107.50M	shares	2 Qtrs
Weighted Average Common Shares Outstanding - Basic And Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	108.98M	shares	2 Qtrs
Weighted Average Common Shares Outstanding - Basic And Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	107.50M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-849.80K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-640.18K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.00K	USD	1 Quarter
Amortization of discount and intangible assets	`AmortizationOfDebtDiscountPremium`	$91.25K	USD	2 Qtrs
Amortization of discount and intangible assets	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Interest expense fair value of derivatives	`InterestExpenseTradingLiabilities`	-	USD	2 Qtrs
Interest expense fair value of derivatives	`InterestExpenseTradingLiabilities`	$55.73K	USD	2 Qtrs
Amortization of deferred financing costs	`DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsAccumulatedAmortizationAdjustment`	$7.95K	USD	2 Qtrs
Amortization of deferred financing costs	`DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsAccumulatedAmortizationAdjustment`	-	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$276.86K	USD	2 Qtrs
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	-	USD	2 Qtrs
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-32.52K	USD	2 Qtrs
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	-	USD	1 Quarter
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-32.52K	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	2 Qtrs
Prepaid expense	`IncreaseDecreaseInOtherOperatingAssets`	$-14.13K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-148.63K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-548.27K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.00K	USD	2 Qtrs
Net advances from related parties	`ProceedsFromRelatedPartyDebt`	$4.00K	USD	2 Qtrs
Net advances from related parties	`ProceedsFromRelatedPartyDebt`	$71.09K	USD	2 Qtrs
Proceeds from issuance of stock payable	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of stock payable	`ProceedsFromIssuanceOfCommonStock`	$250.00K	USD	2 Qtrs
Net proceeds from issuance of convertible debt	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Net proceeds from issuance of convertible debt	`ProceedsFromConvertibleDebt`	$259.49K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$580.58K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$4.00K	USD	2 Qtrs
Net Decrease In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$32.31K	USD	2 Qtrs
Net Decrease In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
Cash - Beginning of Period	`Cash`	-	USD	Point-in-time
Cash - Beginning of Period	`Cash`	-	USD	Point-in-time
Cash - Beginning of Period	`Cash`	$72.14K	USD	Point-in-time
Cash - Beginning of Period	`Cash`	$39.83K	USD	Point-in-time
Cash - End of Period	`Cash`	-	USD	Point-in-time
Cash - End of Period	`Cash`	-	USD	Point-in-time
Cash - End of Period	`Cash`	$72.14K	USD	Point-in-time
Cash - End of Period	`Cash`	$39.83K	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
Debt discount on convertible debentures	`DebtDiscountOnConvertibleDebentures`	$24.41K	USD	2 Qtrs
Debt discount on convertible debentures	`DebtDiscountOnConvertibleDebentures`	-	USD	2 Qtrs
Stock issued in connection with deferred financing cost	`StockIssuedDeferredFinancingCost`	-	USD	2 Qtrs
Stock issued in connection with deferred financing cost	`StockIssuedDeferredFinancingCost`	$278.34K	USD	2 Qtrs
Accounts payable incurred for purchase of license	`AccountsPayableIncurredForPurchaseOfLicense`	-	USD	2 Qtrs
Accounts payable incurred for purchase of license	`AccountsPayableIncurredForPurchaseOfLicense`	$250.00K	USD	2 Qtrs

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