10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001262463-13-000298 |
| Period End Date | 20110831 |
| Filing Date | 20130517 |
| Fiscal Year | 2012 |
| Fiscal Period | Q1 |
| XBRL Instance | prex-20110831.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
42 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
|
$26.27K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
75.00M | shares | Point-in-time |
| Cash |
Cash
|
- | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
75.00M | shares | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
- | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
16.68M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
16.68M | shares | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$26.27K | USD | Point-in-time |
| Deposits |
DepositAssets
|
$1.21K | USD | Point-in-time |
| Deposits |
DepositAssets
|
$1.21K | USD | Point-in-time |
| Total Other Assets |
OtherAssets
|
$1.21K | USD | Point-in-time |
| Total Other Assets |
OtherAssets
|
$1.21K | USD | Point-in-time |
| Total Assets |
Assets
|
$1.21K | USD | Point-in-time |
| Total Assets |
Assets
|
$27.47K | USD | Point-in-time |
| Bank Overdraft |
BankOverdrafts
|
$19.30K | USD | Point-in-time |
| Bank Overdraft |
BankOverdrafts
|
- | USD | Point-in-time |
| Accounts Payable and Accrued Liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$160.94K | USD | Point-in-time |
| Accounts Payable and Accrued Liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$148.40K | USD | Point-in-time |
| Accounts Payable Related Party (Note 4) |
AccountsPayableRelatedPartiesCurrent
|
$1.10M | USD | Point-in-time |
| Accounts Payable Related Party (Note 4) |
AccountsPayableRelatedPartiesCurrent
|
$985.81K | USD | Point-in-time |
| Loan Payable Related Party (Note 4) |
NotesPayableRelatedPartiesCurrent
|
$86.49K | USD | Point-in-time |
| Loan Payable Related Party (Note 4) |
NotesPayableRelatedPartiesCurrent
|
$96.60K | USD | Point-in-time |
| Accrued Interest Loans Payable |
InterestPayable
|
$12.98K | USD | Point-in-time |
| Accrued Interest Loans Payable |
InterestPayable
|
$9.62K | USD | Point-in-time |
| Convertible Note Payable- including accrued interest, net of discount (Note 5) |
ConvertibleNotesPayableCurrent
|
$59.13K | USD | Point-in-time |
| Convertible Note Payable- including accrued interest, net of discount (Note 5) |
ConvertibleNotesPayableCurrent
|
$60.06K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$1.31M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$1.44M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$16.68K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$16.62K | USD | Point-in-time |
| Additional Paid-in Capital |
AdditionalPaidInCapital
|
$932.09K | USD | Point-in-time |
| Additional Paid-in Capital |
AdditionalPaidInCapital
|
$992.03K | USD | Point-in-time |
| Accumulated other Comprehensive Loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.52K | USD | Point-in-time |
| Accumulated other Comprehensive Loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.48K | USD | Point-in-time |
| Deficit Accumulated During the Development Stage |
RetainedEarningsAccumulatedDeficit
|
$-2.41M | USD | Point-in-time |
| Deficit Accumulated During the Development Stage |
RetainedEarningsAccumulatedDeficit
|
$-2.25M | USD | Point-in-time |
| Total Stockholders Deficit |
StockholdersEquity
|
$-1.31M | USD | Point-in-time |
| Total Stockholders Deficit |
StockholdersEquity
|
$-1.41M | USD | Point-in-time |
| Total Liabilities and Stockholders Deficit |
LiabilitiesAndStockholdersEquity
|
$1.21K | USD | Point-in-time |
| Total Liabilities and Stockholders Deficit |
LiabilitiesAndStockholdersEquity
|
$27.47K | USD | Point-in-time |
Income Statement
47 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Consulting fees |
ConsultingFees
|
$30.00K | USD | 1 Quarter |
| Consulting fees |
ConsultingFees
|
$473.69K | USD | 14 Qtrs |
| Consulting fees |
ConsultingFees
|
$30.00K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$310.55K | USD | 14 Qtrs |
| Professional fees |
ProfessionalFees
|
$14.89K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$24.33K | USD | 1 Quarter |
| Office and administration |
GeneralAndAdministrativeExpense
|
$10.24K | USD | 1 Quarter |
| Office and administration |
GeneralAndAdministrativeExpense
|
$214.77K | USD | 14 Qtrs |
| Office and administration |
GeneralAndAdministrativeExpense
|
$12.97K | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$79.34K | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$116.68K | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$1.10M | USD | 14 Qtrs |
| Wages and benefits |
SalariesAndWages
|
$204.09K | USD | 14 Qtrs |
| Wages and benefits |
SalariesAndWages
|
$8.83K | USD | 1 Quarter |
| Wages and benefits |
SalariesAndWages
|
$24.41K | USD | 1 Quarter |
| Rent |
LeaseAndRentalExpense
|
$4.32K | USD | 1 Quarter |
| Rent |
LeaseAndRentalExpense
|
$4.03K | USD | 1 Quarter |
| Rent |
LeaseAndRentalExpense
|
$36.04K | USD | 14 Qtrs |
| Operating loss |
OperatingIncomeLoss
|
$-202.98K | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-2.33M | USD | 14 Qtrs |
| Operating loss |
OperatingIncomeLoss
|
$-157.06K | USD | 1 Quarter |
| Commission income |
CommissionIncome
|
- | USD | 1 Quarter |
| Commission income |
CommissionIncome
|
$48.00 | USD | 1 Quarter |
| Commission income |
CommissionIncome
|
$48.00 | USD | 14 Qtrs |
| Interest income |
InterestIncomeOperating
|
- | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
- | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$638.00 | USD | 14 Qtrs |
| Interest expense |
InterestExpense
|
$-3.19K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$-4.29K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$-50.38K | USD | 14 Qtrs |
| Foreign currency transaction income (expense) |
ForeignCurrencyTransactionGainBeforeTax
|
$-30.18K | USD | 14 Qtrs |
| Foreign currency transaction income (expense) |
ForeignCurrencyTransactionGainBeforeTax
|
- | USD | 1 Quarter |
| Foreign currency transaction income (expense) |
ForeignCurrencyTransactionGainBeforeTax
|
$736.00 | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-2.41M | USD | 5 Qtrs |
| Net loss |
NetIncomeLoss
|
$-2.41M | USD | 14 Qtrs |
| Net loss |
NetIncomeLoss
|
$-206.18K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-160.56K | USD | 1 Quarter |
| Foreign currency translation |
ForeignCurrencyTransactionGainLossRealized
|
$-7.17K | USD | 1 Quarter |
| Foreign currency translation |
ForeignCurrencyTransactionGainLossRealized
|
$45.00 | USD | 1 Quarter |
| Foreign currency translation |
ForeignCurrencyTransactionGainLossRealized
|
$-2.48K | USD | 14 Qtrs |
| Comprehensive loss for the period |
ComprehensiveIncomeNetOfTax
|
$-2.42M | USD | 14 Qtrs |
| Comprehensive loss for the period |
ComprehensiveIncomeNetOfTax
|
$-213.34K | USD | 1 Quarter |
| Comprehensive loss for the period |
ComprehensiveIncomeNetOfTax
|
$-160.52K | USD | 1 Quarter |
| Basic and diluted loss per share |
EarningsPerShareBasicAndDiluted
|
$-0.01 | USD | 1 Quarter |
| Basic and diluted loss per share |
EarningsPerShareBasicAndDiluted
|
$-0.01 | USD | 1 Quarter |
| Weighted average number of shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
15.90M | shares | 1 Quarter |
| Weighted average number of shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
16.68M | shares | 1 Quarter |
Cash Flow Statement
72 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-2.41M | USD | 5 Qtrs |
| Net loss |
NetIncomeLoss
|
$-2.41M | USD | 14 Qtrs |
| Net loss |
NetIncomeLoss
|
$-206.18K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-160.56K | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
$28.50K | USD | 5 Qtrs |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
- | USD | 1 Quarter |
| Amortization of debt discount |
AmortizationOfDebtDiscountPremium
|
- | USD | 1 Quarter |
| Decrease (increase) in trade receivables |
IncreaseDecreaseInAccountsReceivable
|
- | USD | 1 Quarter |
| Decrease (increase) in trade receivables |
IncreaseDecreaseInAccountsReceivable
|
- | USD | 1 Quarter |
| Decrease (increase) in trade receivables |
IncreaseDecreaseInAccountsReceivable
|
$4.30K | USD | 5 Qtrs |
| Decrease (increase) in rent deposit |
IncreaseDecreaseInCustomerAdvancesAndDeposits
|
$-1.21K | USD | 5 Qtrs |
| Decrease (increase) in rent deposit |
IncreaseDecreaseInCustomerAdvancesAndDeposits
|
- | USD | 1 Quarter |
| Decrease (increase) in rent deposit |
IncreaseDecreaseInCustomerAdvancesAndDeposits
|
- | USD | 1 Quarter |
| Increase (decrease) in accounts payable related party |
IncreaseDecreaseInAccountsPayableRelatedParties
|
$204.91K | USD | 1 Quarter |
| Increase (decrease) in accounts payable related party |
IncreaseDecreaseInAccountsPayableRelatedParties
|
$119.19K | USD | 1 Quarter |
| Increase (decrease) in accounts payable related party |
IncreaseDecreaseInAccountsPayableRelatedParties
|
$939.71K | USD | 5 Qtrs |
| Increase (decrease) in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$12.54K | USD | 1 Quarter |
| Increase (decrease) in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-12.93K | USD | 1 Quarter |
| Increase (decrease) in accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$247.56K | USD | 5 Qtrs |
| Increase (decrease) in accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$26.53K | USD | 5 Qtrs |
| Increase (decrease) in accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$4.29K | USD | 1 Quarter |
| Increase (decrease) in accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$52.00 | USD | 1 Quarter |
| Cash flows used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-14.14K | USD | 1 Quarter |
| Cash flows used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-24.54K | USD | 1 Quarter |
| Cash flows used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-1.17M | USD | 5 Qtrs |
| Cash received from note receivable |
ProceedsFromCollectionOfNotesReceivable
|
- | USD | 1 Quarter |
| Cash received from note receivable |
ProceedsFromCollectionOfNotesReceivable
|
- | USD | 1 Quarter |
| Cash received from note receivable |
ProceedsFromCollectionOfNotesReceivable
|
$49.28K | USD | 5 Qtrs |
| Cash acquired from business combination |
CashAcquiredFromBusinessCombination
|
$86.69K | USD | 5 Qtrs |
| Cash acquired from business combination |
CashAcquiredFromBusinessCombination
|
- | USD | 1 Quarter |
| Cash acquired from business combination |
CashAcquiredFromBusinessCombination
|
- | USD | 1 Quarter |
| Cash flow provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
- | USD | 1 Quarter |
| Cash flow provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$135.97K | USD | 5 Qtrs |
| Cash flow provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
- | USD | 1 Quarter |
| Overdraft in bank |
ProceedsFromRepaymentsOfBankOverdrafts
|
$-19.28K | USD | 1 Quarter |
| Overdraft in bank |
ProceedsFromRepaymentsOfBankOverdrafts
|
- | USD | 1 Quarter |
| Overdraft in bank |
ProceedsFromRepaymentsOfBankOverdrafts
|
- | USD | 5 Qtrs |
| Proceeds from loan payable related party |
ProceedsFromRelatedPartyDebt
|
- | USD | 1 Quarter |
| Proceeds from loan payable related party |
ProceedsFromRelatedPartyDebt
|
$113.37K | USD | 5 Qtrs |
| Proceeds from loan payable related party |
ProceedsFromRelatedPartyDebt
|
$10.11K | USD | 1 Quarter |
| Repayment of loan payable |
RepaymentsOfDebt
|
$-25.00K | USD | 5 Qtrs |
| Repayment of loan payable |
RepaymentsOfDebt
|
- | USD | 1 Quarter |
| Repayment of loan payable |
RepaymentsOfDebt
|
- | USD | 1 Quarter |
| Proceeds from loan payable convertible debenture |
ProceedsFromConvertibleDebt
|
- | USD | 1 Quarter |
| Proceeds from loan payable convertible debenture |
ProceedsFromConvertibleDebt
|
$46.51K | USD | 5 Qtrs |
| Proceeds from loan payable convertible debenture |
ProceedsFromConvertibleDebt
|
- | USD | 1 Quarter |
| Proceeds from sale of common stock |
ProceedsFromIssuanceOfCommonStock
|
$30.00K | USD | 1 Quarter |
| Proceeds from sale of common stock |
ProceedsFromIssuanceOfCommonStock
|
$60.00K | USD | 1 Quarter |
| Proceeds from sale of common stock |
ProceedsFromIssuanceOfCommonStock
|
$914.54K | USD | 5 Qtrs |
| Cash flows provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$1.06M | USD | 5 Qtrs |
| Cash flows provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$30.00K | USD | 1 Quarter |
| Cash flows provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$50.82K | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$206.00 | USD | 5 Qtrs |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-17.00 | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-5.15K | USD | 1 Quarter |
| Increase (decrease) in cash during the period |
CashPeriodIncreaseDecrease
|
$26.27K | USD | 5 Qtrs |
| Increase (decrease) in cash during the period |
CashPeriodIncreaseDecrease
|
$26.27K | USD | 1 Quarter |
| Increase (decrease) in cash during the period |
CashPeriodIncreaseDecrease
|
$10.71K | USD | 1 Quarter |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$14.76K | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.05K | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$26.27K | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$14.76K | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.05K | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$26.27K | USD | Point-in-time |
| Common stock issued for acquisition of subsidiary |
StockIssuedDuringPeriodValueAcquisitions
|
$12.00K | USD | 5 Qtrs |
| Common stock issued for acquisition of subsidiary |
StockIssuedDuringPeriodValueAcquisitions
|
- | USD | 1 Quarter |
| Common stock issued for acquisition of subsidiary |
StockIssuedDuringPeriodValueAcquisitions
|
- | USD | 1 Quarter |
| Common stock issued for debt |
StockIssued1
|
$25.00K | USD | 5 Qtrs |
| Common stock issued for debt |
StockIssued1
|
- | USD | 1 Quarter |
| Common stock issued for debt |
StockIssued1
|
- | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.