10-Q Filing

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. CIK: 1350156 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001262463-14-000239`
Period End Date	20121130
Filing Date	20140331
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	prex-20121130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 83 Cash Flow Statement 78

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`	$20.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash	`Cash`	$8.47K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.65M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.47K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$20.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.65M	shares	Point-in-time
Total Other Assets	`OtherAssets`	$84.86K	USD	Point-in-time
Total Other Assets	`OtherAssets`	-	USD	Point-in-time
Total Assets	`Assets`	$8.47K	USD	Point-in-time
Total Assets	`Assets`	$104.86K	USD	Point-in-time
Bank Overdraft	`BankOverdrafts`	-	USD	Point-in-time
Bank Overdraft	`BankOverdrafts`	-	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$129.25K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$148.59K	USD	Point-in-time
Accounts Payable Related Party (Note 4)	`AccountsPayableRelatedPartiesCurrent`	$627.52K	USD	Point-in-time
Accounts Payable Related Party (Note 4)	`AccountsPayableRelatedPartiesCurrent`	$713.08K	USD	Point-in-time
Loan Payable	`NotesAndLoansPayableCurrent`	$433.13K	USD	Point-in-time
Loan Payable	`NotesAndLoansPayableCurrent`	$464.96K	USD	Point-in-time
Accrued Interest Loans Payable	`InterestPayableCurrent`	$7.16K	USD	Point-in-time
Accrued Interest Loans Payable	`InterestPayableCurrent`	$5.33K	USD	Point-in-time
Convertible Note Payable - including accrued interest, net of discount	`ConvertibleNotePayableIncludingAccruedInterestNetOfDiscount`	-	USD	Point-in-time
Convertible Note Payable - including accrued interest, net of discount	`ConvertibleNotePayableIncludingAccruedInterestNetOfDiscount`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.33M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.20M	USD	Point-in-time
Common Stock	`CommonStockValue`	$17.65K	USD	Point-in-time
Common Stock	`CommonStockValue`	$17.65K	USD	Point-in-time
Stock Subscription Receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Stock Subscription Receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$-170.00	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$1.62M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$1.71M	USD	Point-in-time
Accumulated other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.93K	USD	Point-in-time
Accumulated other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.54K	USD	Point-in-time
Deficit Accumulated During the Development Stage	`RetainedEarningsAccumulatedDeficit`	$-2.82M	USD	Point-in-time
Deficit Accumulated During the Development Stage	`RetainedEarningsAccumulatedDeficit`	$-2.95M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.23M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.19M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$104.86K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$8.47K	USD	Point-in-time

Income Statement 83 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$30.00K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$626.69K	USD	19 Qtrs
Consulting fees	`ConsultingFees`	$63.00K	USD	2 Qtrs
Consulting fees	`ConsultingFees`	$30.51K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$60.00K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$322.55K	USD	19 Qtrs
Professional fees	`ProfessionalFees`	-	USD	2 Qtrs
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$24.33K	USD	2 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$300.47K	USD	19 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$23.15K	USD	2 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$17.54K	USD	2 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$7.59K	USD	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$12.91K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$108.91K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$29.57K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.26M	USD	19 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	-	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$23.00K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$14.17K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$39.26K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$18.24K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$299.81K	USD	19 Qtrs
Rent	`LeaseAndRentalExpense`	$1.37K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$4.19K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$8.51K	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$55.86K	USD	19 Qtrs
Rent	`LeaseAndRentalExpense`	$4.39K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-247.89K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-2.86M	USD	19 Qtrs
Operating loss	`OperatingIncomeLoss`	$-124.19K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-57.71K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-90.83K	USD	1 Quarter
Commission income	`CommissionIncome`	$47.00	USD	19 Qtrs
Commission income	`CommissionIncome`	$46.00	USD	2 Qtrs
Commission income	`CommissionIncome`	-	USD	1 Quarter
Commission income	`CommissionIncome`	-	USD	2 Qtrs
Commission income	`CommissionIncome`	-	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$640.00	USD	19 Qtrs
Interest income	`InterestIncomeOperating`	-	USD	1 Quarter
Interest income	`InterestIncomeOperating`	-	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	$1.00	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$1.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$-1.07K	USD	1 Quarter
Interest expense	`InterestExpense`	$-3.44K	USD	1 Quarter
Interest expense	`InterestExpense`	$-1.83K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-7.73K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-60.62K	USD	19 Qtrs
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	$16.66K	USD	2 Qtrs
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	$1.37K	USD	1 Quarter
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	$-750.00	USD	2 Qtrs
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	$-28.42K	USD	19 Qtrs
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	$15.93K	USD	1 Quarter
Total Other Income (Expenses)	`OtherIncome`	$8.98K	USD	2 Qtrs
Total Other Income (Expenses)	`OtherIncome`	$12.49K	USD	1 Quarter
Total Other Income (Expenses)	`OtherIncome`	$303.00	USD	1 Quarter
Total Other Income (Expenses)	`OtherIncome`	$-88.35K	USD	19 Qtrs
Total Other Income (Expenses)	`OtherIncome`	$-2.58K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-238.91K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-126.77K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-57.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-78.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.95M	USD	19 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$-1.93K	USD	19 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$-386.00	USD	2 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	-	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$196.00	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$120.00	USD	2 Qtrs
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-2.95M	USD	19 Qtrs
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-127.15K	USD	2 Qtrs
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-57.21K	USD	1 Quarter
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-238.78K	USD	2 Qtrs
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-78.34K	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	17.65M	shares	2 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.68M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	17.65M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.68M	shares	2 Qtrs

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-238.91K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-126.77K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-57.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-78.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.95M	USD	19 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$28.50K	USD	19 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Decrease (increase) in trade receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	2 Qtrs
Decrease (increase) in trade receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	2 Qtrs
Decrease (increase) in trade receivables	`IncreaseDecreaseInOtherReceivables`	$4.30K	USD	19 Qtrs
Decrease (increase) in rent deposit	`IncreaseDecreaseInPrepaidRent`	-	USD	2 Qtrs
Decrease (increase) in rent deposit	`IncreaseDecreaseInPrepaidRent`	-	USD	2 Qtrs
Decrease (increase) in rent deposit	`IncreaseDecreaseInPrepaidRent`	$-1.48K	USD	19 Qtrs
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$142.32K	USD	2 Qtrs
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$1.15M	USD	19 Qtrs
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$85.55K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$235.20K	USD	19 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$19.34K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-29.17K	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$7.73K	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.83K	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$36.77K	USD	19 Qtrs
Cash to Acquire Software	`PaymentsToAcquireAssetsInvestingActivities`	$-84.86K	USD	2 Qtrs
Cash to Acquire Software	`PaymentsToAcquireAssetsInvestingActivities`	$-84.86K	USD	19 Qtrs
Cash to Acquire Software	`PaymentsToAcquireAssetsInvestingActivities`	-	USD	2 Qtrs
Cash received from note receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	2 Qtrs
Cash received from note receivable	`ProceedsFromCollectionOfNotesReceivable`	$49.28K	USD	19 Qtrs
Cash received from note receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	2 Qtrs
Cash acquired from business combination	`CashAcquiredFromBusinessCombination`	$86.69K	USD	19 Qtrs
Cash acquired from business combination	`CashAcquiredFromBusinessCombination`	-	USD	2 Qtrs
Cash acquired from business combination	`CashAcquiredFromBusinessCombination`	-	USD	2 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-118.02K	USD	2 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.05K	USD	2 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.49M	USD	19 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-84.86K	USD	2 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$51.11K	USD	19 Qtrs
Overdraft in bank	`ProceedsFromRepaymentsOfBankOverdrafts`	$-4.00	USD	19 Qtrs
Overdraft in bank	`ProceedsFromRepaymentsOfBankOverdrafts`	$-19.28K	USD	2 Qtrs
Overdraft in bank	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	2 Qtrs
Proceeds from loan payable related party	`ProceedsFromRelatedPartyDebt`	$6.52K	USD	2 Qtrs
Proceeds from loan payable related party	`ProceedsFromRelatedPartyDebt`	$31.83K	USD	2 Qtrs
Proceeds from loan payable related party	`ProceedsFromRelatedPartyDebt`	$151.63K	USD	19 Qtrs
Repayment of loan payable	`RepaymentsOfDebt`	-	USD	2 Qtrs
Repayment of loan payable	`RepaymentsOfDebt`	-	USD	2 Qtrs
Repayment of loan payable	`RepaymentsOfDebt`	$-25.00K	USD	19 Qtrs
Proceeds from loan payable Convertible Debenture	`ProceedsFromConvertibleDebt`	$46.51K	USD	19 Qtrs
Proceeds from loan payable Convertible Debenture	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Proceeds from loan payable Convertible Debenture	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$133.73K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.28M	USD	19 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$85.00K	USD	2 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.46M	USD	19 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$116.83K	USD	2 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$120.97K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-386.00	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$27.00	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.65K	USD	19 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$22.71K	USD	19 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$11.53K	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$2.97K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.71K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.97K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.47K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$22.71K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.97K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.47K	USD	Point-in-time
Common stock issued for acquisition of subsidiary	`StockIssuedDuringPeriodValueAcquisitions`	-	USD	2 Qtrs
Common stock issued for acquisition of subsidiary	`StockIssuedDuringPeriodValueAcquisitions`	$12.00K	USD	19 Qtrs
Common stock issued for acquisition of subsidiary	`StockIssuedDuringPeriodValueAcquisitions`	-	USD	2 Qtrs
Common stock issued for debt	`StockIssued1`	-	USD	2 Qtrs
Common stock issued for debt	`StockIssued1`	-	USD	2 Qtrs
Common stock issued for debt	`StockIssued1`	$369.57K	USD	19 Qtrs

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