10-Q Filing

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. CIK: 1350156 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001262463-18-000017`
Period End Date	20171130
Filing Date	20180116
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	paxh-20171130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 33 Income Statement 56 Cash Flow Statement 42

Balance Sheet 33 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`	$2.60K	USD	Point-in-time
Cash	`Cash`	$8.78K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.67M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.78K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.67M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.60K	USD	Point-in-time
Total Assets	`Assets`	$2.60K	USD	Point-in-time
Total Assets	`Assets`	$8.78K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$131.22K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$131.22K	USD	Point-in-time
Accounts Payable Related Party	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts Payable Related Party	`AccountsPayableRelatedPartiesCurrent`	$52.23K	USD	Point-in-time
Loans Payable - Shareholders	`NotesAndLoansPayableCurrent`	$51.71K	USD	Point-in-time
Loans Payable - Shareholders	`NotesAndLoansPayableCurrent`	$17.28K	USD	Point-in-time
Convertible Note Payable - Related Party	`DueToRelatedPartiesCurrent`	$1.06M	USD	Point-in-time
Convertible Note Payable - Related Party	`DueToRelatedPartiesCurrent`	$1.06M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.21M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.29M	USD	Point-in-time
Common stock	`CommonStockValue`	$19.67K	USD	Point-in-time
Common stock	`CommonStockValue`	$19.67K	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$2.68M	USD	Point-in-time
Additional Paid-in Capital	`AdditionalPaidInCapital`	$2.68M	USD	Point-in-time
Accumulated other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$57.20K	USD	Point-in-time
Accumulated other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$57.20K	USD	Point-in-time
Retained Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.96M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.29M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.20M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$2.60K	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$8.78K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$31.50K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$64.53K	USD	2 Qtrs
Consulting fees	`ConsultingFees`	$30.80K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$62.00K	USD	2 Qtrs
Professional Fees	`ProfessionalFees`	-	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$6.00K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$6.00K	USD	2 Qtrs
Professional Fees	`ProfessionalFees`	$3.49K	USD	2 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$13.28K	USD	2 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$5.71K	USD	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$12.18K	USD	2 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$8.92K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$6.22K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$20.03K	USD	2 Qtrs
Research and Development	`ResearchAndDevelopmentExpense`	$13.53K	USD	1 Quarter
Research and Development	`ResearchAndDevelopmentExpense`	$12.64K	USD	2 Qtrs
Amortization of Software	`AmortizationOfIntangibleAssets`	$8.51K	USD	1 Quarter
Amortization of Software	`AmortizationOfIntangibleAssets`	$17.02K	USD	2 Qtrs
Amortization of Software	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of Software	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$42.73K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$-118.34K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$-68.46K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$-92.84K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-92.84K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-68.46K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-118.34K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-42.73K	USD	1 Quarter
Interest expense	`InterestExpense`	$790.00	USD	1 Quarter
Interest expense	`InterestExpense`	$1.61K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total Other Income (Expenses)	`OtherNonoperatingIncomeExpense`	$790.00	USD	1 Quarter
Total Other Income (Expenses)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total Other Income (Expenses)	`OtherNonoperatingIncomeExpense`	$1.61K	USD	2 Qtrs
Total Other Income (Expenses)	`OtherNonoperatingIncomeExpense`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-42.73K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-69.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-119.95K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-92.84K	USD	2 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$4.74K	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	-	USD	1 Quarter
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	-	USD	2 Qtrs
Foreign currency translation	`ForeignCurrencyTransactionGainLossRealized`	$4.51K	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-92.84K	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-69.25K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-42.73K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-119.95K	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	2 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	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.67M	shares	2 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.43M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.67M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.38M	shares	2 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-42.73K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-69.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-119.95K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-92.84K	USD	2 Qtrs
Amortization of Software	`AmortizationOfIntangibleAssets`	$8.51K	USD	1 Quarter
Amortization of Software	`AmortizationOfIntangibleAssets`	$17.02K	USD	2 Qtrs
Amortization of Software	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of Software	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Increase (decrease) in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$52.92K	USD	2 Qtrs
Increase (decrease) in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$52.23K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.38K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.18K	USD	2 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-47.45K	USD	2 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.61K	USD	2 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from shareholder loans	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from shareholder loans	`ProceedsFromNotesPayable`	$34.43K	USD	2 Qtrs
Proceeds from sale of common shares	`ProceedsFromIssuanceOrSaleOfEquity`	$45.56K	USD	2 Qtrs
Proceeds from sale of common shares	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	2 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.56K	USD	2 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$34.43K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$233.00	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-6.18K	USD	2 Qtrs
Increase (decrease) in cash during the period	`CashPeriodIncreaseDecrease`	$-1.66K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.78K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.15K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.50K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.60K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.78K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.15K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.50K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.60K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Accounts payable related party settled with stock	`DebtConversionOriginalDebtAmount1`	-	USD	2 Qtrs
Accounts payable related party settled with stock	`DebtConversionOriginalDebtAmount1`	$44.45K	USD	2 Qtrs

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