10-Q Filing

HEALTHTECH SOLUTIONS, INC./UT CIK: 1307624 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001262463-21-000188`
Period End Date	20210331
Filing Date	20210524
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	hltt-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 32 Cash Flow Statement 40 Stockholders Equity 12

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Series A Preferred Stock,shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Series A Preferred Stock,shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Series A Preferred Stock, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Series A Preferred Stock, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.29K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$129.00K	USD	Point-in-time
Series A Preferred Stock, shares issued	`PreferredStockSharesIssued`	156,837.00	shares	Point-in-time
Series A Preferred Stock, shares issued	`PreferredStockSharesIssued`	156,837.00	shares	Point-in-time
Series A Preferred Stock,shares outstanding	`PreferredStockSharesOutstanding`	156,837.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Series A Preferred Stock,shares outstanding	`PreferredStockSharesOutstanding`	156,837.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$139.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.29K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Intangible assets net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$25.93K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible assets net of accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$16.20K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$164.92K	USD	Point-in-time
Total Assets	`Assets`	$22.50K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.70M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.70M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.70M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.70M	shares	Point-in-time
Convertible debentures payable, net of discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$323.91K	USD	Point-in-time
Convertible debentures payable, net of discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$325.82K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$3.79K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$15.09K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$80.17K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$96.56K	USD	Point-in-time
Loan From Related Party	`DueToRelatedPartiesCurrent`	$49.12K	USD	Point-in-time
Loan From Related Party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$160.77K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$83.96K	USD	Point-in-time
Convertible debentures payable, net of discount of $323,909 and $325,824 respectively	`ConvertibleDebtNoncurrent`	$357.60K	USD	Point-in-time
Convertible debentures payable, net of discount of $323,909 and $325,824 respectively	`ConvertibleDebtNoncurrent`	$305.68K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$337.87K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$356.05K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$713.65K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$643.56K	USD	Point-in-time
Total Liabilities	`Liabilities`	$874.41K	USD	Point-in-time
Total Liabilities	`Liabilities`	$727.52K	USD	Point-in-time
Series A preferred stock, $.001 par value, 2,000,000 authorized, 156,837 issued and outstanding	`PreferredStockValue`	$157.00	USD	Point-in-time
Series A preferred stock, $.001 par value, 2,000,000 authorized, 156,837 issued and outstanding	`PreferredStockValue`	$157.00	USD	Point-in-time
Common Stock, $0.001 par value, 200,000,000 shares authorized, 9,701,269 issued and outstanding	`CommonStockValue`	$9.70K	USD	Point-in-time
Common Stock, $0.001 par value, 200,000,000 shares authorized, 9,701,269 issued and outstanding	`CommonStockValue`	$9.70K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$870.81K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$866.25K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.44M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-562.60K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$134.17K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$87.11K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-851.91K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$164.92K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$22.50K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
General & administrative	`GeneralAndAdministrativeExpense`	$119.82K	USD	1 Quarter
General & administrative	`GeneralAndAdministrativeExpense`	$13.14K	USD	1 Quarter
General and administrative-related party	`OtherGeneralAndAdministrativeExpense`	$28.39K	USD	1 Quarter
General and administrative-related party	`OtherGeneralAndAdministrativeExpense`	$30.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$5.80K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$84.95K	USD	1 Quarter
Research and development related party	`ResearchAndDevelopmentRelatedParty`	$18.50K	USD	1 Quarter
Research and development related party	`ResearchAndDevelopmentRelatedParty`	$18.00K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$9.72K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$9.72K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$75.56K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$262.49K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-262.49K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-75.56K	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-38.60K	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Change in fair value of derivative liabilities	`GainLossOnSaleOfDerivatives`	-	USD	1 Quarter
Change in fair value of derivative liabilities	`GainLossOnSaleOfDerivatives`	$7.21K	USD	1 Quarter
Total Other Expenses	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total Other Expenses	`OtherNonoperatingIncomeExpense`	$-31.39K	USD	1 Quarter
Loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-293.88K	USD	1 Quarter
Loss before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-75.56K	USD	1 Quarter
Provision for income tax	`ProvisionForIncomeTax`	-	USD	1 Quarter
Provision for income tax	`ProvisionForIncomeTax`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-75.56K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-293.88K	USD	1 Quarter
Loss per common share, Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Loss per common share, Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average shares outstanding, Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	-	shares	1 Quarter
Weighted average shares outstanding, Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.70M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-75.56K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-293.88K	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$9.72K	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$9.72K	USD	1 Quarter
Amortization of discount on convertible debentures	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of discount on convertible debentures	`AmortizationOfDebtDiscountPremium`	$27.30K	USD	1 Quarter
Fair value change in derivative liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-7.21K	USD	1 Quarter
Fair value change in derivative liabilities	`IncreaseDecreaseInDerivativeLiabilities`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-10.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$11.30K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-80.17K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-15.12K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$96.56K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-226.38K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-80.96K	USD	1 Quarter
Loan From related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Loan From related party	`ProceedsFromRelatedPartyDebt`	$49.12K	USD	1 Quarter
Proceeds from convertible debentures	`ProceedsFromConvertibleDebt`	$50.00K	USD	1 Quarter
Proceeds from convertible debentures	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Capital contributions	`ProceedsFromContributionsFromParent`	$4.56K	USD	1 Quarter
Capital contributions	`ProceedsFromContributionsFromParent`	$28.50K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$103.68K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$28.50K	USD	1 Quarter
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-122.70K	USD	1 Quarter
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-52.46K	USD	1 Quarter
Cash, cash equivalents, and restricted cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$129.00K	USD	Point-in-time
Cash, cash equivalents, and restricted cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.30K	USD	Point-in-time
Cash, cash equivalents, and restricted cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.29K	USD	Point-in-time
Cash, cash equivalents, and restricted cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$105.75K	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$129.00K	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.30K	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.29K	USD	Point-in-time
Cash, cash equivalents, and restricted cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$105.75K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance, value	`StockholdersEquity`	$-562.60K	USD	Point-in-time
Balance, value	`StockholdersEquity`	$134.17K	USD	Point-in-time
Balance, value	`StockholdersEquity`	$87.11K	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-851.91K	USD	Point-in-time
Capital contributions	`AdjustmentsToAdditionalPaidInCapitalOther`	$4.56K	USD	1 Quarter
Capital contributions	`AdjustmentsToAdditionalPaidInCapitalOther`	$28.50K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-75.56K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-293.88K	USD	1 Quarter
Balance, value	`StockholdersEquity`	$-562.60K	USD	Point-in-time
Balance, value	`StockholdersEquity`	$134.17K	USD	Point-in-time
Balance, value	`StockholdersEquity`	$87.11K	USD	Point-in-time
Balance, value	`StockholdersEquity`	$-851.91K	USD	Point-in-time

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