10-Q Filing

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. CIK: 1350156 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001262463-19-000009`
Period End Date	20181130
Filing Date	20190114
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	paxh-20181130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 48 Cash Flow Statement 32 Stockholders Equity 6

Balance Sheet 38 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`	$3.99K	USD	Point-in-time
Cash	`Cash`	$7.61K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.67M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.67M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.61K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.99K	USD	Point-in-time
Total assets	`Assets`	$3.99K	USD	Point-in-time
Total assets	`Assets`	$7.61K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$140.97K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$142.86K	USD	Point-in-time
Accounts payable and accrued liabilities Related Party	`AccountsPayableAndAccruedLiabilitiesRelatedParty`	$119.12K	USD	Point-in-time
Accounts payable and accrued liabilities Related Party	`AccountsPayableAndAccruedLiabilitiesRelatedParty`	$180.52K	USD	Point-in-time
Loans payable - shareholders	`NotesAndLoansPayableCurrent`	$127.40K	USD	Point-in-time
Loans payable - shareholders	`NotesAndLoansPayableCurrent`	$87.06K	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`	$1.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.51M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Capital Stock	`CommonStockValue`	$19.67K	USD	Point-in-time
Capital 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 income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$57.20K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$57.20K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.26M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$7.61K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$3.99K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
Consulting	`ConsultingFees`	$61.91K	USD	1 Quarter
Consulting	`ConsultingFees`	$30.80K	USD	2 Qtrs
Consulting	`ConsultingFees`	$30.77K	USD	1 Quarter
Consulting	`ConsultingFees`	$64.53K	USD	2 Qtrs
Professional	`ProfessionalFees`	$3.11K	USD	1 Quarter
Professional	`ProfessionalFees`	$3.49K	USD	2 Qtrs
Professional	`ProfessionalFees`	-	USD	2 Qtrs
Professional	`ProfessionalFees`	$10.12K	USD	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$7.92K	USD	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$5.71K	USD	2 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$12.18K	USD	2 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$17.45K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.97K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$12.63K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$6.22K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$6.32K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$48.11K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$42.73K	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$92.83K	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$103.46K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-103.46K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-48.11K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-42.73K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-92.83K	USD	2 Qtrs
Interest	`InterestExpense`	-	USD	1 Quarter
Interest	`InterestExpense`	-	USD	2 Qtrs
Interest	`InterestExpense`	-	USD	1 Quarter
Interest	`InterestExpense`	-	USD	2 Qtrs
Total other income (expenses)	`OtherIncomeExpenses`	-	USD	1 Quarter
Total other income (expenses)	`OtherIncomeExpenses`	-	USD	2 Qtrs
Total other income (expenses)	`OtherIncomeExpenses`	-	USD	1 Quarter
Total other income (expenses)	`OtherIncomeExpenses`	-	USD	2 Qtrs
Net loss and comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-103.46K	USD	1 Quarter
Net loss and comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-92.83K	USD	2 Qtrs
Net loss and comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-48.11K	USD	1 Quarter
Net loss and comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-42.73K	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.67M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.67M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.67M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.67M	shares	2 Qtrs

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-92.84K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-103.46K	USD	2 Qtrs
Increase in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$60.00K	USD	2 Qtrs
Increase in accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$52.23K	USD	2 Qtrs
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.89K	USD	2 Qtrs
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	2 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-45.35K	USD	2 Qtrs
Cash Flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.61K	USD	2 Qtrs
Cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Cash flows provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Advances - related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Advances - related party	`ProceedsFromRelatedPartyDebt`	$13.11K	USD	2 Qtrs
Repayment of advances - related party	`RepaymentsOfRelatedPartyDebt`	$11.71K	USD	2 Qtrs
Repayment of advances - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from loans payable - shareholder	`ProceedsFromNotesPayable`	$40.34K	USD	2 Qtrs
Proceeds from loans payable - shareholder	`ProceedsFromNotesPayable`	$34.43K	USD	2 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$34.43K	USD	2 Qtrs
Cash flows provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$41.73K	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$-6.18K	USD	2 Qtrs
Net change in cash	`CashPeriodIncreaseDecrease`	$-3.62K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.99K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.60K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.78K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.61K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.99K	USD	Point-in-time
Cash, end 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`	$7.61K	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	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-1.40M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-92.84K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-103.46K	USD	2 Qtrs
Balance, amount	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-1.40M	USD	Point-in-time

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