10-Q Filing

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. CIK: 1350156 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001262463-14-000254`
Period End Date	20131130
Filing Date	20140402
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	paxh-20131130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 88 Cash Flow Statement 78

Balance Sheet 40 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`	$10.73K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash	`Cash`	$13.25K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.65M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$13.25K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.73K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.65M	shares	Point-in-time
Intangible Software Costs	`IntangibleSoftwareCosts`	$102.15K	USD	Point-in-time
Intangible Software Costs	`IntangibleSoftwareCosts`	$102.15K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$102.15K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$102.15K	USD	Point-in-time
Total Assets	`Assets`	$115.40K	USD	Point-in-time
Total Assets	`Assets`	$112.89K	USD	Point-in-time
Bank Overdraft	`BankOverdrafts`	-	USD	Point-in-time
Bank Overdraft	`BankOverdrafts`	-	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$156.69K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$155.64K	USD	Point-in-time
Accounts Payable Related Party (Note 4)	`AccountsPayableRelatedPartiesCurrent`	$923.71K	USD	Point-in-time
Accounts Payable Related Party (Note 4)	`AccountsPayableRelatedPartiesCurrent`	$817.09K	USD	Point-in-time
Loan Payable	`NotesAndLoansPayableCurrent`	$459.79K	USD	Point-in-time
Loan Payable	`NotesAndLoansPayableCurrent`	$453.48K	USD	Point-in-time
Accrued Interest Loans Payable	`InterestPayableCurrent`	$10.28K	USD	Point-in-time
Accrued Interest Loans Payable	`InterestPayableCurrent`	$8.99K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.54M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.44M	USD	Point-in-time
Capital Stock	`CommonStockValue`	$17.65K	USD	Point-in-time
Capital Stock	`CommonStockValue`	$17.65K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$1.71M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$1.71M	USD	Point-in-time
Accumulated other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.07K	USD	Point-in-time
Accumulated other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.24K	USD	Point-in-time
Deficit Accumulated During the Development Stage	`RetainedEarningsAccumulatedDeficit`	$-3.15M	USD	Point-in-time
Deficit Accumulated During the Development Stage	`RetainedEarningsAccumulatedDeficit`	$-3.05M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.33M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.43M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$115.40K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$112.89K	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$60.00K	USD	2 Qtrs
Consulting fees	`ConsultingFees`	$30.00K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$30.51K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$63.00K	USD	2 Qtrs
Consulting fees	`ConsultingFees`	$762.87K	USD	23 Qtrs
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$358.50K	USD	23 Qtrs
Professional fees	`ProfessionalFees`	$1.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$19.71K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	-	USD	2 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$317.10K	USD	23 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$2.54K	USD	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$7.59K	USD	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$17.54K	USD	2 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$7.15K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.28M	USD	23 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	-	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$22.64K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.26K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	-	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	$39.26K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	-	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$18.24K	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	$299.81K	USD	23 Qtrs
Rent	`LeaseAndRentalExpense`	$4.39K	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$1.37K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	-	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	-	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$55.86K	USD	23 Qtrs
Total Operating Loss	`OperatingExpenses`	$124.19K	USD	2 Qtrs
Total Operating Loss	`OperatingExpenses`	$34.80K	USD	1 Quarter
Total Operating Loss	`OperatingExpenses`	$3.07M	USD	23 Qtrs
Total Operating Loss	`OperatingExpenses`	$109.49K	USD	2 Qtrs
Total Operating Loss	`OperatingExpenses`	$57.71K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-109.49K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-57.71K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.07M	USD	23 Qtrs
Operating loss	`OperatingIncomeLoss`	$-34.80K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-124.19K	USD	2 Qtrs
Commission income	`CommissionIncome`	-	USD	2 Qtrs
Commission income	`CommissionIncome`	$1.00	USD	1 Quarter
Commission income	`CommissionIncome`	-	USD	2 Qtrs
Commission income	`CommissionIncome`	$47.00	USD	23 Qtrs
Commission income	`CommissionIncome`	-	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$640.00	USD	23 Qtrs
Interest income	`InterestIncomeOperating`	$1.00	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	$1.00	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	-	USD	1 Quarter
Interest income	`InterestIncomeOperating`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$-523.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-1.07K	USD	1 Quarter
Interest expense	`InterestExpense`	$-63.74K	USD	23 Qtrs
Interest expense	`InterestExpense`	$-1.29K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-1.83K	USD	2 Qtrs
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	$1.76K	USD	1 Quarter
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	$-16.05K	USD	23 Qtrs
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	$1.37K	USD	1 Quarter
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	$7.55K	USD	2 Qtrs
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	$-750.00	USD	2 Qtrs
Total Other Income (Expenses)	`OtherIncome`	$303.00	USD	1 Quarter
Total Other Income (Expenses)	`OtherIncome`	$6.26K	USD	2 Qtrs
Total Other Income (Expenses)	`OtherIncome`	$-80.34K	USD	23 Qtrs
Total Other Income (Expenses)	`OtherIncome`	$-2.58K	USD	2 Qtrs
Total Other Income (Expenses)	`OtherIncome`	$1.24K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-33.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-57.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-126.77K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-103.23K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.15M	USD	23 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$-386.00	USD	2 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$299.00	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$-1.07K	USD	23 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$196.00	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$166.00	USD	2 Qtrs
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-127.15K	USD	2 Qtrs
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-33.56K	USD	1 Quarter
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-3.15M	USD	23 Qtrs
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-57.21K	USD	1 Quarter
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-103.07K	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
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`	$-0.01	USD	2 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.65M	shares	2 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.65M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	17.65M	shares	2 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	17.65M	shares	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-33.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-57.41K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-126.77K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-103.23K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.15M	USD	23 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$28.50K	USD	23 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Decrease (increase) in trade receivables	`IncreaseDecreaseInOtherReceivables`	$4.30K	USD	23 Qtrs
Decrease (increase) in trade receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	2 Qtrs
Decrease (increase) in trade receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	2 Qtrs
Decrease (increase) in rent deposit	`IncreaseDecreaseInPrepaidRent`	-	USD	2 Qtrs
Decrease (increase) in rent deposit	`IncreaseDecreaseInPrepaidRent`	-	USD	23 Qtrs
Decrease (increase) in rent deposit	`IncreaseDecreaseInPrepaidRent`	-	USD	2 Qtrs
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$85.55K	USD	2 Qtrs
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$1.36M	USD	23 Qtrs
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$106.62K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$235.92K	USD	23 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.03K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$19.34K	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.83K	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$39.90K	USD	23 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.29K	USD	2 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.48M	USD	23 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.05K	USD	2 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.35K	USD	2 Qtrs
Cash to Acquire Software	`PaymentsToAcquireAssetsInvestingActivities`	$-84.86K	USD	2 Qtrs
Cash to Acquire Software	`PaymentsToAcquireAssetsInvestingActivities`	-	USD	2 Qtrs
Cash to Acquire Software	`PaymentsToAcquireAssetsInvestingActivities`	$-102.15K	USD	23 Qtrs
Cash received from note receivable	`ProceedsFromCollectionOfNotesReceivable`	$49.28K	USD	23 Qtrs
Cash received from note receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	2 Qtrs
Cash received from note receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	2 Qtrs
Cash acquired from business combination	`CashAcquiredFromBusinessCombination`	-	USD	2 Qtrs
Cash acquired from business combination	`CashAcquiredFromBusinessCombination`	-	USD	2 Qtrs
Cash acquired from business combination	`CashAcquiredFromBusinessCombination`	$86.69K	USD	23 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-84.86K	USD	2 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$33.82K	USD	23 Qtrs
Overdraft in bank	`ProceedsFromRepaymentsOfBankOverdrafts`	$-4.00	USD	23 Qtrs
Overdraft in bank	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	2 Qtrs
Overdraft in bank	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	2 Qtrs
Proceeds from loan payable related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from loan payable related party	`ProceedsFromRelatedPartyDebt`	$146.46K	USD	23 Qtrs
Proceeds from loan payable related party	`ProceedsFromRelatedPartyDebt`	$31.83K	USD	2 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	23 Qtrs
Proceeds from loan payable Convertible Debenture	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Proceeds from loan payable Convertible Debenture	`ProceedsFromConvertibleDebt`	$46.51K	USD	23 Qtrs
Proceeds from loan payable Convertible Debenture	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$85.00K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.28M	USD	23 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$116.83K	USD	2 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.45M	USD	23 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-386.00	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-166.00	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.45K	USD	23 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$11.53K	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-2.52K	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$10.73K	USD	23 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.25K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.47K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.00K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.73K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.25K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.47K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.00K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.73K	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	23 Qtrs
Common stock issued for acquisition of subsidiary	`StockIssuedDuringPeriodValueAcquisitions`	-	USD	2 Qtrs
Common stock issued for debt	`StockIssued1`	$369.57K	USD	23 Qtrs
Common stock issued for debt	`StockIssued1`	-	USD	2 Qtrs
Common stock issued for debt	`StockIssued1`	-	USD	2 Qtrs

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