10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001262463-15-000556`
Period End Date	20150531
Filing Date	20150901
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	prex-20150531.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 38 Cash Flow Statement 38 Stockholders Equity 10

Balance Sheet 39 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
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash	`Cash`	$8.53K	USD	Point-in-time
Cash	`Cash`	$3.06K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.65M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.65M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.53K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.06K	USD	Point-in-time
Intangible Software Costs	`IntangibleSoftwareCosts`	$68.10K	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`	$68.10K	USD	Point-in-time
Total Assets	`Assets`	$110.68K	USD	Point-in-time
Total Assets	`Assets`	$71.16K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$183.72K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$213.58K	USD	Point-in-time
Accounts Payable and Accrued Liabilities Related Party	`AccountsPayableAndAccruedLiabilitiesRelatedParty`	$961.44K	USD	Point-in-time
Accounts Payable and Accrued Liabilities Related Party	`AccountsPayableAndAccruedLiabilitiesRelatedParty`	$1.09M	USD	Point-in-time
Loan Payable	`NotesAndLoansPayableCurrent`	$446.52K	USD	Point-in-time
Loan Payable	`NotesAndLoansPayableCurrent`	$419.81K	USD	Point-in-time
Accrued Interest Loans Payable	`InterestPayableCurrent`	$14.34K	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`	$1.74M	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`	$42.13K	USD	Point-in-time
Accumulated other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$14.14K	USD	Point-in-time
Retained Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.43M	USD	Point-in-time
Retained Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.23M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.33M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.66M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.49M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$71.16K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$110.68K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$132.52K	USD	Annual
Consulting fees	`ConsultingFees`	$125.50K	USD	Annual
Professional fees	`ProfessionalFees`	$13.50K	USD	Annual
Professional fees	`ProfessionalFees`	$28.71K	USD	Annual
Office and administration	`GeneralAndAdministrativeExpense`	$12.08K	USD	Annual
Office and administration	`GeneralAndAdministrativeExpense`	$15.42K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$39.67K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	-	USD	Annual
Wages and benefits	`SalariesAndWages`	-	USD	Annual
Wages and benefits	`SalariesAndWages`	-	USD	Annual
Rent	`LeaseAndRentalExpense`	-	USD	Annual
Rent	`LeaseAndRentalExpense`	-	USD	Annual
Amortization expense	`AmortizationOfIntangibleAssets`	-	USD	Annual
Amortization expense	`AmortizationOfIntangibleAssets`	$34.05K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$192.15K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$209.29K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-192.15K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-209.29K	USD	Annual
Commission income	`CommissionIncome`	$48.00	USD	Annual
Commission income	`CommissionIncome`	-	USD	Annual
Interest income	`InterestIncomeOperating`	-	USD	Annual
Interest income	`InterestIncomeOperating`	$1.00	USD	Annual
Interest expense	`InterestExpense`	$-3.50K	USD	Annual
Interest expense	`InterestExpense`	$-7.02K	USD	Annual
Gain on settlement	`GainsLossesOnExtinguishmentOfDebt`	$31.09K	USD	Annual
Gain on settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Total Other Income (Expenses)	`OtherIncomeExpenses`	$-6.97K	USD	Annual
Total Other Income (Expenses)	`OtherIncomeExpenses`	$27.59K	USD	Annual
Net loss	`NetIncomeLoss`	$-181.70K	USD	Annual
Net loss	`NetIncomeLoss`	$-199.12K	USD	Annual
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$28.00K	USD	Annual
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$15.38K	USD	Annual
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-171.12K	USD	Annual
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-166.33K	USD	Annual
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.65M	shares	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.65M	shares	Annual

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-181.70K	USD	Annual
Net loss	`NetIncomeLoss`	$-199.12K	USD	Annual
Gain on settlement	`GainsLossesOnExtinguishmentOfDebt`	$31.09K	USD	Annual
Gain on settlement	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Amortization expense	`AmortizationOfIntangibleAssets`	-	USD	Annual
Amortization expense	`AmortizationOfIntangibleAssets`	$34.05K	USD	Annual
Increase (decrease) in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$126.60K	USD	Annual
Increase (decrease) in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	Annual
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$119.44K	USD	Annual
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$29.86K	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.85K	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	Annual
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.18K	USD	Annual
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.76K	USD	Annual
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Overdraft in bank	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	Annual
Overdraft in bank	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	Annual
Proceeds from loan payable related party	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Proceeds from loan payable related party	`ProceedsFromRelatedPartyDebt`	$25.00K	USD	Annual
Repayment of loan payable	`RepaymentsOfDebt`	-	USD	Annual
Repayment of loan payable	`RepaymentsOfDebt`	$-13.92K	USD	Annual
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.08K	USD	Annual
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$15.38K	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.29K	USD	Annual
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-4.72K	USD	Annual
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-5.47K	USD	Annual
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.06K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.25K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.53K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.06K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.25K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.53K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-1.33M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-1.66M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-1.49M	USD	Point-in-time
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossUnrealized`	$28.00K	USD	Annual
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossUnrealized`	$15.38K	USD	Annual
Net loss	`NetIncomeLoss`	$-181.70K	USD	Annual
Net loss	`NetIncomeLoss`	$-199.12K	USD	Annual
Balance, amount	`StockholdersEquity`	$-1.33M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-1.66M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-1.49M	USD	Point-in-time

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