10-Q Filing

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. CIK: 1350156 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001262463-15-000033`
Period End Date	20141130
Filing Date	20150120
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	prex-20141130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 75 Cash Flow Statement 56

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
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash	`Cash`	$4.41K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash	`Cash`	$8.53K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.53K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.65M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.41K	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
Amortization Software Costs	`CapitalizedComputerSoftwareAccumulatedAmortization`	-	USD	Point-in-time
Amortization Software Costs	`CapitalizedComputerSoftwareAccumulatedAmortization`	$-17.02K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$85.13K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$102.15K	USD	Point-in-time
Total Assets	`Assets`	$89.53K	USD	Point-in-time
Total Assets	`Assets`	$110.68K	USD	Point-in-time
Bank Overdraft	`BankOverdrafts`	-	USD	Point-in-time
Bank Overdraft	`BankOverdrafts`	-	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$180.79K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$183.72K	USD	Point-in-time
Accounts Payable Related Party (Note 4)	`AccountsPayableRelatedPartiesCurrent`	$961.44K	USD	Point-in-time
Accounts Payable Related Party (Note 4)	`AccountsPayableRelatedPartiesCurrent`	$1.03M	USD	Point-in-time
Loan Payable	`NotesAndLoansPayableCurrent`	$446.52K	USD	Point-in-time
Loan Payable	`NotesAndLoansPayableCurrent`	$440.61K	USD	Point-in-time
Accrued Interest Loans Payable	`InterestPayableCurrent`	$14.06K	USD	Point-in-time
Accrued Interest Loans Payable	`InterestPayableCurrent`	$12.50K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.60M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.66M	USD	Point-in-time
Common Stock	`CommonStockValue`	$17.65K	USD	Point-in-time
Common 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`	$20.32K	USD	Point-in-time
Accumulated other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$14.14K	USD	Point-in-time
Deficit Accumulated	`RetainedEarningsAccumulatedDeficit`	$-3.32M	USD	Point-in-time
Deficit Accumulated	`RetainedEarningsAccumulatedDeficit`	$-3.23M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.49M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.57M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$110.68K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$89.53K	USD	Point-in-time

Income Statement 75 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$30.00K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$60.00K	USD	2 Qtrs
Consulting fees	`ConsultingFees`	$30.00K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$60.00K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$1.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$19.71K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	-	USD	2 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$2.17K	USD	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$5.92K	USD	2 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$2.54K	USD	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$7.15K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	-	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.26K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$22.64K	USD	2 Qtrs
Amortization Software	`AmortizationOfIntangibleAssets`	$8.51K	USD	1 Quarter
Amortization Software	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization Software	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Amortization Software	`AmortizationOfIntangibleAssets`	$17.02K	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	-	USD	1 Quarter
Wages and benefits	`SalariesAndWages`	-	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	-	USD	2 Qtrs
Wages and benefits	`SalariesAndWages`	-	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	-	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	-	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	-	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	-	USD	1 Quarter
Total Operating Loss	`OperatingExpenses`	$34.80K	USD	1 Quarter
Total Operating Loss	`OperatingExpenses`	$82.95K	USD	2 Qtrs
Total Operating Loss	`OperatingExpenses`	$109.49K	USD	2 Qtrs
Total Operating Loss	`OperatingExpenses`	$40.68K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-34.80K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-82.95K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-40.68K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-109.49K	USD	2 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	-	USD	2 Qtrs
Other income	`OtherIncome`	$48.00	USD	2 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Interest income	`InterestIncomeOperating`	-	USD	1 Quarter
Interest income	`InterestIncomeOperating`	-	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	-	USD	1 Quarter
Interest income	`InterestIncomeOperating`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$-1.29K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-1.56K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-523.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-580.00	USD	1 Quarter
Total Other Income (Expenses)	`OtherExpenses`	$-1.29K	USD	2 Qtrs
Total Other Income (Expenses)	`OtherExpenses`	$-580.00	USD	1 Quarter
Total Other Income (Expenses)	`OtherExpenses`	$-523.00	USD	1 Quarter
Total Other Income (Expenses)	`OtherExpenses`	$-1.51K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-103.07K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-35.32K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-84.46K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-41.26K	USD	1 Quarter
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	$7.55K	USD	2 Qtrs
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	$5.42K	USD	1 Quarter
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	$6.19K	USD	2 Qtrs
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	$1.76K	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$166.00	USD	2 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$299.00	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$871.00	USD	1 Quarter
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-78.27K	USD	2 Qtrs
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-33.26K	USD	1 Quarter
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-103.07K	USD	2 Qtrs
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-34.97K	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
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	17.65M	shares	1 Quarter
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

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-103.07K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-35.32K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-84.46K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-41.26K	USD	1 Quarter
Amortization of Software	`AmortizationOfIntangibleAssets`	$8.51K	USD	1 Quarter
Amortization of Software	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of Software	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Amortization of Software	`AmortizationOfIntangibleAssets`	$17.02K	USD	2 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	2 Qtrs
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$64.40K	USD	2 Qtrs
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$106.62K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.92K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.03K	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.29K	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.56K	USD	2 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.35K	USD	2 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.40K	USD	2 Qtrs
Cash to Acquire Software	`PaymentsToAcquireAssetsInvestingActivities`	-	USD	2 Qtrs
Cash to Acquire Software	`PaymentsToAcquireAssetsInvestingActivities`	-	USD	2 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 flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 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`	-	USD	2 Qtrs
Repayment of loan payable	`RepaymentsOfDebt`	$5.91K	USD	2 Qtrs
Repayment of loan payable	`RepaymentsOfDebt`	-	USD	2 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`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.19K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-166.00	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-2.52K	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-4.12K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.73K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.53K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.41K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.25K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.73K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.53K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.41K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.25K	USD	Point-in-time
Common stock issued for acquisition of subsidiary	`StockIssuedDuringPeriodValueAcquisitions`	-	USD	2 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

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