10-Q Filing

PREAXIA HEALTH CARE PAYMENT SYSTEMS INC. CIK: 1350156 Q2 2024

Filing Information

Form Type	10-Q
Accession Number	`0001262463-23-000148`
Period End Date	20231130
Filing Date	20231229
Fiscal Year	2024
Fiscal Period	Q2
XBRL Instance	paxh10q113023_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 48 Cash Flow Statement 34 Stockholders Equity 16

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value per share	`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
Common stock, shares issued	`CommonStockSharesIssued`	19.77M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.87K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	19.77M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.87K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.77M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	19.77M	shares	Point-in-time
Total assets	`Assets`	$1.87K	USD	Point-in-time
Total assets	`Assets`	$6.00	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$160.67K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$158.35K	USD	Point-in-time
Accounts payable and accrued liabilities - related party	`AccountsPayableAndAccruedLiabilitiesRelatedParty`	$300.00K	USD	Point-in-time
Accounts payable and accrued liabilities - related party	`AccountsPayableAndAccruedLiabilitiesRelatedParty`	$240.00K	USD	Point-in-time
Advances - related party	`DueToRelatedPartyCurrent`	$64.95K	USD	Point-in-time
Advances - related party	`DueToRelatedPartyCurrent`	$72.26K	USD	Point-in-time
Loans payable - shareholders	`OtherLiabilitiesCurrent`	$173.07K	USD	Point-in-time
Loans payable - shareholders	`OtherLiabilitiesCurrent`	$191.33K	USD	Point-in-time
Liability for unissued shares	`LiabilityForUnissuedSharesCurrent`	$134.79K	USD	Point-in-time
Liability for unissued shares	`LiabilityForUnissuedSharesCurrent`	$134.79K	USD	Point-in-time
Promissory note - related party	`PromissoryNoteRelatedParty`	$466.82K	USD	Point-in-time
Promissory note - related party	`PromissoryNoteRelatedParty`	$466.82K	USD	Point-in-time
Convertible note payable - related party	`ConvertibleNotePayableRelatedParty`	$1.06M	USD	Point-in-time
Convertible note payable - related party	`ConvertibleNotePayableRelatedParty`	$1.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.30M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, $0.001 par value, 75,000,000 shares authorized 19,767,698 shares issued and outstanding	`CommonStockValue`	$19.77K	USD	Point-in-time
Common Stock, $0.001 par value, 75,000,000 shares authorized 19,767,698 shares issued and outstanding	`CommonStockValue`	$19.77K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.66M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.66M	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`	$-5.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.11M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.14M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.18M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.30M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.34M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.38M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.22M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$6.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.87K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	2 Qtrs
Net loss per share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Net loss per share - basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net loss per share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share - basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Net loss per share - diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net loss per share - diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net loss per share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Consulting	`ConsultingFees`	$60.00K	USD	2 Qtrs
Consulting	`ConsultingFees`	$30.00K	USD	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.77M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.77M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.77M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.77M	shares	2 Qtrs
Consulting	`ConsultingFees`	$60.00K	USD	2 Qtrs
Consulting	`ConsultingFees`	$30.00K	USD	1 Quarter
Weighted average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.77M	shares	1 Quarter
Professional	`ProfessionalFees`	$12.15K	USD	2 Qtrs
Weighted average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.77M	shares	2 Qtrs
Professional	`ProfessionalFees`	$7.04K	USD	1 Quarter
Weighted average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.77M	shares	2 Qtrs
Professional	`ProfessionalFees`	$9.54K	USD	2 Qtrs
Professional	`ProfessionalFees`	$4.44K	USD	1 Quarter
Weighted average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.77M	shares	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$8.49K	USD	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$10.18K	USD	2 Qtrs
Office and administration	`GeneralAndAdministrativeExpense`	$6.48K	USD	1 Quarter
Office and administration	`GeneralAndAdministrativeExpense`	$8.05K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.18K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.70K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.57K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.84K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$45.09K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$86.03K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$45.11K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$82.44K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-86.03K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-45.11K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-82.44K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-45.09K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-45.11K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-82.44K	USD	2 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-45.09K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-86.03K	USD	2 Qtrs

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-45.11K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-82.44K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-45.09K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-86.03K	USD	2 Qtrs
Increase in accounts payable and accrued liabilities - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$60.00K	USD	2 Qtrs
Increase in accounts payable and accrued liabilities - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$60.00K	USD	2 Qtrs
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.32K	USD	2 Qtrs
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.57K	USD	2 Qtrs
Cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-24.01K	USD	2 Qtrs
Cash flows used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.70K	USD	2 Qtrs
Cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Advances - loans payable - shareholders	`ProceedsFromNotesPayable`	$4.99K	USD	2 Qtrs
Advances - loans payable - shareholders	`ProceedsFromNotesPayable`	$18.26K	USD	2 Qtrs
Advances - related party	`ProceedsFromRelatedPartyDebt`	$8.82K	USD	2 Qtrs
Advances - related party	`ProceedsFromRelatedPartyDebt`	$19.24K	USD	2 Qtrs
Repayment of advances - related party	`RepaymentsOfRelatedPartyDebt`	$306.00	USD	2 Qtrs
Repayment of advances - related party	`RepaymentsOfRelatedPartyDebt`	$1.51K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.57K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$23.93K	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-84.00	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.86K	USD	2 Qtrs
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.87K	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.00	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$259.00	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$175.00	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.87K	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.00	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$259.00	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$175.00	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

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-2.14M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.18M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.30M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.34M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.38M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.22M	USD	Point-in-time
Net loss and comprehensive loss	`NetIncomeLoss`	$-45.11K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-82.44K	USD	2 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-45.09K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-86.03K	USD	2 Qtrs
Ending balance, value	`StockholdersEquity`	$-2.14M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.18M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.30M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.34M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.38M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.22M	USD	Point-in-time

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