10-Q Filing

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. CIK: 1350156 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001262463-17-000037`
Period End Date	20170228
Filing Date	20170413
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	paxh-20170228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 64 Cash Flow Statement 45

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
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash	`Cash`	$7.15K	USD	Point-in-time
Cash	`Cash`	$21.74K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$7.15K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$21.74K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.23M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.63M	shares	Point-in-time
Intangible Software Costs	`IntangibleSoftwareCosts`	$34.05K	USD	Point-in-time
Intangible Software Costs	`IntangibleSoftwareCosts`	$8.51K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$34.05K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$8.51K	USD	Point-in-time
Total Assets	`Assets`	$41.20K	USD	Point-in-time
Total Assets	`Assets`	$30.25K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$222.07K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$220.38K	USD	Point-in-time
Accounts Payable - Related Party (Note 4)	`AccountsPayableRelatedPartiesCurrent`	$960.38K	USD	Point-in-time
Accounts Payable - Related Party (Note 4)	`AccountsPayableRelatedPartiesCurrent`	$952.12K	USD	Point-in-time
Loan Payable	`NotesAndLoansPayableCurrent`	$408.06K	USD	Point-in-time
Loan Payable	`NotesAndLoansPayableCurrent`	$410.45K	USD	Point-in-time
Subscription Payable	`CommonStockSharesSubscriptions`	$35.06K	USD	Point-in-time
Subscription Payable	`CommonStockSharesSubscriptions`	$19.01K	USD	Point-in-time
Accrued Interest - Loans Payable	`InterestPayableCurrent`	$46.60K	USD	Point-in-time
Accrued Interest - Loans Payable	`InterestPayableCurrent`	$44.44K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.65M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.67M	USD	Point-in-time
Common Stock	`CommonStockValue`	$18.63K	USD	Point-in-time
Common Stock	`CommonStockValue`	$18.23K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$1.99M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$2.19M	USD	Point-in-time
Accumulated other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$54.28K	USD	Point-in-time
Accumulated other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$52.75K	USD	Point-in-time
Retained Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.70M	USD	Point-in-time
Retained Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.88M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.62M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$41.20K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$30.25K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$32.00K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$41.41K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$101.41K	USD	3 Qtrs
Consulting fees	`ConsultingFees`	$94.00K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$1.51K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.51K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$7.49K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$1.49K	USD	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$6.51K	USD	3 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$2.10K	USD	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$20.02K	USD	3 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$6.74K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$6.10K	USD	3 Qtrs
Research and Development	`ResearchAndDevelopmentExpense`	$18.18K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$38.21K	USD	3 Qtrs
Research and Development	`ResearchAndDevelopmentExpense`	$6.10K	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
Amortization Software	`AmortizationOfIntangibleAssets`	$8.51K	USD	1 Quarter
Total Operating Loss	`OperatingExpenses`	$147.07K	USD	3 Qtrs
Total Operating Loss	`OperatingExpenses`	$66.92K	USD	1 Quarter
Total Operating Loss	`OperatingExpenses`	$59.64K	USD	1 Quarter
Total Operating Loss	`OperatingExpenses`	$185.26K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-66.92K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-59.64K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-185.26K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-147.07K	USD	3 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	-	USD	3 Qtrs
Other income	`OtherIncome`	-	USD	3 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$2.40K	USD	3 Qtrs
Interest expense	`InterestExpense`	$790.00	USD	1 Quarter
Interest expense	`InterestExpense`	$24.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$26.27K	USD	3 Qtrs
Total Other Income (Expenses)	`OtherExpenses`	$24.56K	USD	1 Quarter
Total Other Income (Expenses)	`OtherExpenses`	$26.27K	USD	3 Qtrs
Total Other Income (Expenses)	`OtherExpenses`	$790.00	USD	1 Quarter
Total Other Income (Expenses)	`OtherExpenses`	$2.40K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-187.66K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-67.71K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-84.19K	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	1 Quarter
Foreign currency transaction	`ForeignCurrencyTransactionGainBeforeTax`	-	USD	3 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$1.53K	USD	3 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$3.70K	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$17.12K	USD	3 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$-2.98K	USD	1 Quarter
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-80.49K	USD	1 Quarter
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-186.13K	USD	3 Qtrs
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-70.69K	USD	1 Quarter
Comprehensive loss for period	`ComprehensiveIncomeNetOfTax`	$-156.22K	USD	3 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	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	3 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	18.38M	shares	3 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	17.65M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	18.43M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-187.66K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-67.71K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-84.19K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-173.34K	USD	3 Qtrs
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
Amortization of Software	`AmortizationOfIntangibleAssets`	$8.51K	USD	1 Quarter
Increase (decrease) in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$89.88K	USD	3 Qtrs
Increase (decrease) in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$74.55K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.70K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.25K	USD	3 Qtrs
Increase (decrease) in subscripton payable	`IncreaseDecreaseInSubscriptonPayable`	-	USD	3 Qtrs
Increase (decrease) in subscripton payable	`IncreaseDecreaseInSubscriptonPayable`	$19.01K	USD	3 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$24.97K	USD	3 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$2.17K	USD	3 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-25.70K	USD	3 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-87.11K	USD	3 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Cash Received for common shares	`ProceedsFromIssuanceOrSaleOfEquity`	$22.47K	USD	3 Qtrs
Cash Received for common shares	`ProceedsFromIssuanceOrSaleOfEquity`	$83.54K	USD	3 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$83.54K	USD	3 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.47K	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-860.00	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.15K	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$14.59K	USD	3 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-1.08K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.15K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.74K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.98K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.06K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.15K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.74K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.98K	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
Shares issued for subscription payable	`SharesIssuedForSubscriptionPayable`	-	USD	3 Qtrs
Shares issued for subscription payable	`SharesIssuedForSubscriptionPayable`	$35.06K	USD	3 Qtrs
Accounts payable related party settled with stock	`StockIssued1`	$82.80K	USD	3 Qtrs
Accounts payable related party settled with stock	`StockIssued1`	$61.04K	USD	Point-in-time
Accounts payable related party settled with stock	`StockIssued1`	-	USD	3 Qtrs

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