10-Q Filing

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. CIK: 1350156 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001262463-16-000922`
Period End Date	20160229
Filing Date	20160419
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	paxh-20160229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 64 Cash Flow Statement 40

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`	$1.98K	USD	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`	$1.98K	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`	$-59.59K	USD	Point-in-time
Amortization Software Costs	`CapitalizedComputerSoftwareAccumulatedAmortization`	$-34.05K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$42.56K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$68.10K	USD	Point-in-time
Total Assets	`Assets`	$44.55K	USD	Point-in-time
Total Assets	`Assets`	$71.16K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$220.83K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$213.58K	USD	Point-in-time
Accounts Payable Related Party (Note 4)	`AccountsPayableRelatedPartiesCurrent`	$1.09M	USD	Point-in-time
Accounts Payable Related Party (Note 4)	`AccountsPayableRelatedPartiesCurrent`	$1.18M	USD	Point-in-time
Loan Payable	`NotesAndLoansPayableCurrent`	$404.84K	USD	Point-in-time
Loan Payable	`NotesAndLoansPayableCurrent`	$419.81K	USD	Point-in-time
Liability for unissued shares	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Liability for unissued shares	`CommonStockSharesSubscriptions`	$22.47K	USD	Point-in-time
Accrued Interest Loans Payable	`InterestPayableCurrent`	$39.31K	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`	$1.87M	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`	$59.26K	USD	Point-in-time
Deficit Accumulated	`RetainedEarningsAccumulatedDeficit`	$-3.43M	USD	Point-in-time
Deficit Accumulated	`RetainedEarningsAccumulatedDeficit`	$-3.60M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.66M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.82M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$44.55K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$71.16K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$30.00K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$40.41K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$101.41K	USD	3 Qtrs
Consulting fees	`ConsultingFees`	$90.00K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$1.51K	USD	1 Quarter
Professional fees	`ProfessionalFees`	-	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$7.51K	USD	3 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$2.16K	USD	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$8.08K	USD	3 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$6.51K	USD	3 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$2.10K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$6.10K	USD	3 Qtrs
Research and Development	`ResearchAndDevelopmentExpense`	$6.10K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	-	USD	3 Qtrs
Amortization Software	`AmortizationOfIntangibleAssets`	$8.51K	USD	1 Quarter
Amortization Software	`AmortizationOfIntangibleAssets`	$25.54K	USD	3 Qtrs
Amortization Software	`AmortizationOfIntangibleAssets`	$25.54K	USD	3 Qtrs
Amortization Software	`AmortizationOfIntangibleAssets`	$8.51K	USD	1 Quarter
Total Operating Loss	`OperatingExpenses`	$123.62K	USD	3 Qtrs
Total Operating Loss	`OperatingExpenses`	$59.64K	USD	1 Quarter
Total Operating Loss	`OperatingExpenses`	$40.67K	USD	1 Quarter
Total Operating Loss	`OperatingExpenses`	$147.07K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-123.62K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-40.67K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-147.07K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-59.64K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	3 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	$48.00	USD	3 Qtrs
Interest expense	`InterestExpense`	$-24.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$-26.27K	USD	3 Qtrs
Interest expense	`InterestExpense`	$654.00	USD	1 Quarter
Interest expense	`InterestExpense`	$-906.00	USD	3 Qtrs
Total Other Income (Expenses)	`OtherExpenses`	$-858.00	USD	3 Qtrs
Total Other Income (Expenses)	`OtherExpenses`	$654.00	USD	1 Quarter
Total Other Income (Expenses)	`OtherExpenses`	$-24.56K	USD	1 Quarter
Total Other Income (Expenses)	`OtherExpenses`	$-26.27K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-124.48K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-84.19K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-40.02K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-173.34K	USD	3 Qtrs
Foreign currency transaction	`ForeignCurrencyTransactionGainBeforeTax`	-	USD	1 Quarter
Foreign currency transaction	`ForeignCurrencyTransactionGainBeforeTax`	-	USD	3 Qtrs
Foreign currency transaction	`ForeignCurrencyTransactionGainBeforeTax`	-	USD	3 Qtrs
Foreign currency transaction	`ForeignCurrencyTransactionGainBeforeTax`	-	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$17.12K	USD	3 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$3.70K	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$23.96K	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$30.15K	USD	3 Qtrs
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-80.49K	USD	1 Quarter
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-16.06K	USD	1 Quarter
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-156.22K	USD	3 Qtrs
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-94.33K	USD	3 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
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	3 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	17.65M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	17.65M	shares	3 Qtrs

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-124.48K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-84.19K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-40.02K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-173.34K	USD	3 Qtrs
Amortization of Software	`AmortizationOfIntangibleAssets`	$8.51K	USD	1 Quarter
Amortization of Software	`AmortizationOfIntangibleAssets`	$25.54K	USD	3 Qtrs
Amortization of Software	`AmortizationOfIntangibleAssets`	$25.54K	USD	3 Qtrs
Amortization of Software	`AmortizationOfIntangibleAssets`	$8.51K	USD	1 Quarter
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$95.90K	USD	3 Qtrs
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$89.88K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.25K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.48K	USD	3 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$24.97K	USD	3 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$906.00	USD	3 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-25.70K	USD	3 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.61K	USD	3 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Repayment of loan payable	`ProceedsFromRepaymentsOfNotesPayable`	$-30.09K	USD	3 Qtrs
Repayment of loan payable	`ProceedsFromRepaymentsOfNotesPayable`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$22.47K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	3 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.47K	USD	3 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-30.09K	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.15K	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$30.15K	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-5.55K	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-1.08K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.98K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.98K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.53K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.06K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.98K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.98K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.53K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.06K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs

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