10-Q Filing

WELL POWER, INC. CIK: 1400728 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001255294-15-000184`
Period End Date	20150131
Filing Date	20150323
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	wpwr-20150131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 32 Cash Flow Statement 52

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`	112.01M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$39.83K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.35K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	107.50M	shares	Point-in-time
Deferred financing costs, amortization	`AccumulatedAmortizationDeferredFinanceCosts`	$22.78K	USD	Point-in-time
Deferred financing costs, amortization	`AccumulatedAmortizationDeferredFinanceCosts`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$20.21K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$39.83K	USD	Point-in-time
Convertible debenture, net discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	$165.81K	USD	Point-in-time
Convertible debenture, net discount	`DebtInstrumentUnamortizedDiscountPremiumNet`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$21.56K	USD	Point-in-time
Deferred financing costs, net of amortization of $22,779 and $0, respectively	`PostconfirmationDeferredFinancingCosts`	$37.33K	USD	Point-in-time
Deferred financing costs, net of amortization of $22,779 and $0, respectively	`PostconfirmationDeferredFinancingCosts`	-	USD	Point-in-time
Intangible Asset	`IntangibleAssetsCurrent`	$400.00K	USD	Point-in-time
Intangible Asset	`IntangibleAssetsCurrent`	$585.00K	USD	Point-in-time
Total Assets	`Assets`	$643.88K	USD	Point-in-time
Total Assets	`Assets`	$439.83K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$323.14K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$465.68K	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`	$175.24K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrentAndNoncurrent`	$102.76K	USD	Point-in-time
Stock payable	`DebtInstrumentFairValue`	$530.24K	USD	Point-in-time
Stock payable	`DebtInstrumentFairValue`	$280.24K	USD	Point-in-time
Convertible debentures, net of discount of $165,805 and $0, respectively	`ConvertibleNotesPayable`	-	USD	Point-in-time
Convertible debentures, net of discount of $165,805 and $0, respectively	`ConvertibleNotesPayable`	$221.50K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$363.97K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$741.13K	USD	Point-in-time
Total Liabilities	`LiabilitiesCurrent`	$1.79M	USD	Point-in-time
Common stock, 4,500,000,000 shares authorized, $0.001 par value; 112,007,767 and 107,500,000 shares issued and outstanding, respectively	`CommonStockValue`	$107.50K	USD	Point-in-time
Common stock, 4,500,000,000 shares authorized, $0.001 par value; 112,007,767 and 107,500,000 shares issued and outstanding, respectively	`CommonStockValue`	$112.01K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.80M	USD	Point-in-time
Accumulated deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$3.37M	USD	Point-in-time
Accumulated deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$2.21M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-301.30K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.15M	USD	Point-in-time
Total Liabilities And Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$643.88K	USD	Point-in-time
Total Liabilities And Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$439.83K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$124.55K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.27K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$519.43K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.27K	USD	1 Quarter
Professional and consulting	`ProfessionalFees`	$385.93K	USD	3 Qtrs
Professional and consulting	`ProfessionalFees`	$83.59K	USD	1 Quarter
Professional and consulting	`ProfessionalFees`	$26.02K	USD	1 Quarter
Professional and consulting	`ProfessionalFees`	$30.02K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$33.29K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$37.29K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$208.14K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$905.36K	USD	3 Qtrs
Interest expense	`InterestExpense`	$366.00	USD	3 Qtrs
Interest expense	`InterestExpense`	$219.74K	USD	3 Qtrs
Interest expense	`InterestExpense`	$99.67K	USD	1 Quarter
Interest expense	`InterestExpense`	$366.00	USD	1 Quarter
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	-	USD	3 Qtrs
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-29.90K	USD	3 Qtrs
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$2.62K	USD	1 Quarter
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-33.66K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-37.66K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-305.20K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.15M	USD	3 Qtrs
Net Loss Per Common Share - Basic And Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Net Loss Per Common Share - Basic And Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	3 Qtrs
Net Loss Per Common Share - Basic And Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	3 Qtrs
Net Loss Per Common Share - Basic And Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Weighted Average Common Shares Outstanding - Basic And Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	107.50M	shares	1 Quarter
Weighted Average Common Shares Outstanding - Basic And Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	109.75M	shares	3 Qtrs
Weighted Average Common Shares Outstanding - Basic And Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	107.50M	shares	3 Qtrs
Weighted Average Common Shares Outstanding - Basic And Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	111.91M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-33.66K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-37.66K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-305.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.15M	USD	3 Qtrs
Amortization of discount and intangible assets	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Amortization of discount and intangible assets	`AmortizationOfDebtDiscountPremium`	$209.84K	USD	3 Qtrs
Interest expense fair value of derivatives	`InterestExpenseTradingLiabilities`	$55.73K	USD	3 Qtrs
Interest expense fair value of derivatives	`InterestExpenseTradingLiabilities`	-	USD	3 Qtrs
Amortization of deferred financing costs	`DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsAccumulatedAmortizationAdjustment`	$22.76K	USD	3 Qtrs
Amortization of deferred financing costs	`DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsAccumulatedAmortizationAdjustment`	-	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$5.84K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$276.86K	USD	3 Qtrs
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	-	USD	3 Qtrs
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$-29.90K	USD	3 Qtrs
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	$2.62K	USD	1 Quarter
Change in fair value of derivatives	`ChangeInUnrealizedGainLossOnFairValueHedgingInstruments1`	-	USD	1 Quarter
Prepaid expense	`IncreaseDecreaseInOtherOperatingAssets`	$-20.21K	USD	3 Qtrs
Prepaid expense	`IncreaseDecreaseInOtherOperatingAssets`	$-10.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$22.63K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-107.46K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-687.58K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.19K	USD	3 Qtrs
Loans received from officer	`IncreaseDecreaseInNotesPayableRelatedParties`	-	USD	3 Qtrs
Loans received from officer	`IncreaseDecreaseInNotesPayableRelatedParties`	$4.72K	USD	3 Qtrs
Net advances from related parties	`ProceedsFromRelatedPartyDebt`	$35.00K	USD	3 Qtrs
Net advances from related parties	`ProceedsFromRelatedPartyDebt`	$72.48K	USD	3 Qtrs
Proceeds from issuance of stock payable	`ProceedsFromIssuanceOfCommonStock`	$250.00K	USD	3 Qtrs
Proceeds from issuance of stock payable	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Net proceeds from issuance of convertible debt	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Net proceeds from issuance of convertible debt	`ProceedsFromConvertibleDebt`	$326.62K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$649.10K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$39.72K	USD	3 Qtrs
Net Increase (Decrease) In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-38.48K	USD	3 Qtrs
Net Increase (Decrease) In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.53K	USD	3 Qtrs
Cash - Beginning of Period	`Cash`	$39.83K	USD	Point-in-time
Cash - Beginning of Period	`Cash`	$1.35K	USD	Point-in-time
Cash - Beginning of Period	`Cash`	-	USD	Point-in-time
Cash - Beginning of Period	`Cash`	$20.53K	USD	Point-in-time
Cash - End of Period	`Cash`	$39.83K	USD	Point-in-time
Cash - End of Period	`Cash`	$1.35K	USD	Point-in-time
Cash - End of Period	`Cash`	-	USD	Point-in-time
Cash - End of Period	`Cash`	$20.53K	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
Debt discount on convertible debentures	`DebtDiscountOnConvertibleDebentures`	-	USD	3 Qtrs
Debt discount on convertible debentures	`DebtDiscountOnConvertibleDebentures`	$278.34K	USD	3 Qtrs
Stock issued in connection with deferred financing cost	`StockIssuedDeferredFinancingCost`	$31.70K	USD	3 Qtrs
Stock issued in connection with deferred financing cost	`StockIssuedDeferredFinancingCost`	-	USD	3 Qtrs
Accounts payable incurred for purchase of license	`AccountsPayableIncurredForPurchaseOfLicense`	$400.00K	USD	3 Qtrs
Accounts payable incurred for purchase of license	`AccountsPayableIncurredForPurchaseOfLicense`	$250.00K	USD	3 Qtrs

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