10-Q Filing

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. CIK: 1350156 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001262463-15-000639`
Period End Date	20150831
Filing Date	20151015
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	prex-20150831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 30 Cash Flow Statement 36

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`	$2.48K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash	`Cash`	$3.06K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$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`	$2.48K	USD	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`	$-34.05K	USD	Point-in-time
Amortization Software Costs	`CapitalizedComputerSoftwareAccumulatedAmortization`	$-42.56K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$68.10K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$59.59K	USD	Point-in-time
Total Assets	`Assets`	$62.06K	USD	Point-in-time
Total Assets	`Assets`	$71.16K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$213.58K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$213.58K	USD	Point-in-time
Accounts Payable Related Party	`AccountsPayableRelatedPartiesCurrent`	$1.12M	USD	Point-in-time
Accounts Payable Related Party	`AccountsPayableRelatedPartiesCurrent`	$1.09M	USD	Point-in-time
Loan Payable	`NotesAndLoansPayableCurrent`	$408.92K	USD	Point-in-time
Loan Payable	`NotesAndLoansPayableCurrent`	$419.81K	USD	Point-in-time
Accrued Interest Loans Payable	`InterestPayableCurrent`	$15.20K	USD	Point-in-time
Accrued Interest Loans Payable	`InterestPayableCurrent`	$14.34K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.74M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.76M	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`	$53.03K	USD	Point-in-time
Deficit Accumulated	`RetainedEarningsAccumulatedDeficit`	$-3.47M	USD	Point-in-time
Deficit Accumulated	`RetainedEarningsAccumulatedDeficit`	$-3.43M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.66M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.69M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$62.06K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$71.16K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$30.00K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$30.00K	USD	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$666.00	USD	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$3.75K	USD	1 Quarter
Amortization Software	`AmortizationOfIntangibleAssets`	$8.51K	USD	1 Quarter
Amortization Software	`AmortizationOfIntangibleAssets`	$8.51K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	-	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	-	USD	1 Quarter
Total Operating Loss	`OperatingExpenses`	$42.26K	USD	1 Quarter
Total Operating Loss	`OperatingExpenses`	$39.18K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-42.26K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-39.18K	USD	1 Quarter
Other income	`OtherIncome`	$48.00	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$-980.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-862.00	USD	1 Quarter
Total Other Income (Expenses)	`OtherExpenses`	$-862.00	USD	1 Quarter
Total Other Income (Expenses)	`OtherExpenses`	$-932.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-43.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-40.04K	USD	1 Quarter
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	-	USD	1 Quarter
Foreign currency transaction income (expense)	`ForeignCurrencyTransactionGainBeforeTax`	$763.00	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$-871.00	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$10.90K	USD	1 Quarter
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-43.30K	USD	1 Quarter
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-29.14K	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
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`	17.65M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-43.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-40.04K	USD	1 Quarter
Amortization of Software	`AmortizationOfIntangibleAssets`	$8.51K	USD	1 Quarter
Amortization of Software	`AmortizationOfIntangibleAssets`	$8.51K	USD	1 Quarter
Decrease (increase) in trade receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	1 Quarter
Decrease (increase) in trade receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	1 Quarter
Decrease (increase) in rent deposit	`IncreaseDecreaseInPrepaidRent`	-	USD	1 Quarter
Decrease (increase) in rent deposit	`IncreaseDecreaseInPrepaidRent`	-	USD	1 Quarter
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$32.82K	USD	1 Quarter
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$30.08K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.40K	USD	1 Quarter
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$862.00	USD	1 Quarter
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$980.00	USD	1 Quarter
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-586.00	USD	1 Quarter
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.29K	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-108.00	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-3.29K	USD	1 Quarter
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-586.00	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.13K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.53K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.48K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.06K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.13K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.53K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.48K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.06K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter

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