10-Q Filing

NextPlat Corp CIK: 1058307 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001415889-14-002522`
Period End Date	20140630
Filing Date	20140814
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	silv-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 34 Income Statement 56 Cash Flow Statement 36

Balance Sheet 34 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$11.39K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$11.39K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Total Assets	`Assets`	-	USD	Point-in-time
Total Assets	`Assets`	$11.39K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$761.02K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$466.49K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$175.00K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$175.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Loan payable	`ConvertibleNotesPayableCurrent`	$35.00K	USD	Point-in-time
Loan payable	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$24.65K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$11.94K	USD	Point-in-time
Liabilities for discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$112.40K	USD	Point-in-time
Liabilities for discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$112.40K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.11M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$765.83K	USD	Point-in-time
Common stock, $0.0001 par value; 200,000,000 shares authorized, 1,510,950 shares issued and outstanding	`CommonStockValue`	$151.00	USD	Point-in-time
Common stock, $0.0001 par value; 200,000,000 shares authorized, 1,510,950 shares issued and outstanding	`CommonStockValue`	$151.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$48.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$48.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-49.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-48.97M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.10M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-765.83K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$11.39K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`SalesRevenueNet`	-	USD	1 Quarter
Net revenues	`SalesRevenueNet`	-	USD	2 Qtrs
Net revenues	`SalesRevenueNet`	-	USD	1 Quarter
Net revenues	`SalesRevenueNet`	-	USD	2 Qtrs
Payroll expense and stock based compensation	`OtherLaborRelatedExpenses`	$59.31K	USD	1 Quarter
Payroll expense and stock based compensation	`OtherLaborRelatedExpenses`	$130.12K	USD	2 Qtrs
Payroll expense and stock based compensation	`OtherLaborRelatedExpenses`	$90.00K	USD	1 Quarter
Payroll expense and stock based compensation	`OtherLaborRelatedExpenses`	$150.00K	USD	2 Qtrs
Management fees - related party	`ManagementFeesRevenue`	-	USD	2 Qtrs
Management fees - related party	`ManagementFeesRevenue`	$-75.00K	USD	1 Quarter
Management fees - related party	`ManagementFeesRevenue`	$-150.00K	USD	2 Qtrs
Management fees - related party	`ManagementFeesRevenue`	-	USD	1 Quarter
Exploration cost	`ExplorationExpenseMining`	-	USD	2 Qtrs
Exploration cost	`ExplorationExpenseMining`	-	USD	1 Quarter
Exploration cost	`ExplorationExpenseMining`	-	USD	1 Quarter
Exploration cost	`ExplorationExpenseMining`	$5.00K	USD	2 Qtrs
Professional and consulting	`ProfessionalFees`	$78.74K	USD	1 Quarter
Professional and consulting	`ProfessionalFees`	$33.09K	USD	2 Qtrs
Professional and consulting	`ProfessionalFees`	$310.77K	USD	2 Qtrs
Professional and consulting	`ProfessionalFees`	$12.49K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$37.20K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.03K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.53K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.40K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$324.23K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$154.21K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$497.97K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$176.27K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-324.23K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-497.97K	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-154.21K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-176.27K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-43.19K	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	-	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-14.09K	USD	1 Quarter
Change in fair value of derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$-9.02K	USD	1 Quarter
Change in fair value of derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$13.65K	USD	1 Quarter
Change in fair value of derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$12.71K	USD	2 Qtrs
Change in fair value of derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$-1.49K	USD	2 Qtrs
Total Other Income (Expense), net	`OtherNonoperatingIncomeExpense`	$9.02K	USD	1 Quarter
Total Other Income (Expense), net	`OtherNonoperatingIncomeExpense`	$-27.74K	USD	1 Quarter
Total Other Income (Expense), net	`OtherNonoperatingIncomeExpense`	$-12.71K	USD	2 Qtrs
Total Other Income (Expense), net	`OtherNonoperatingIncomeExpense`	$-41.70K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-181.95K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-510.67K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-167.26K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-365.93K	USD	2 Qtrs
Net Loss Per Share - Basic and Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.34	USD	2 Qtrs
Net Loss Per Share - Basic and Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.11	USD	1 Quarter
Net Loss Per Share - Basic and Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.11	USD	1 Quarter
Net Loss Per Share - Basic and Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.22	USD	2 Qtrs
Weighted average number of shares outstanding during the period Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.51M	shares	2 Qtrs
Weighted average number of shares outstanding during the period Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.69M	shares	1 Quarter
Weighted average number of shares outstanding during the period Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.69M	shares	2 Qtrs
Weighted average number of shares outstanding during the period Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.51M	shares	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-181.95K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-510.67K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-167.26K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-365.93K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$27.02K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Change in fair value of derivative liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-9.02K	USD	1 Quarter
Change in fair value of derivative liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$13.65K	USD	1 Quarter
Change in fair value of derivative liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$12.71K	USD	2 Qtrs
Change in fair value of derivative liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-1.49K	USD	2 Qtrs
Stock based consulting expense	`ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncrementalCompensationCost`	-	USD	2 Qtrs
Stock based consulting expense	`ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncrementalCompensationCost`	$179.83K	USD	2 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$7.50K	USD	2 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$294.52K	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$332.88K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.61K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.00	USD	2 Qtrs
Net proceeds from a loan - related party	`ProceedsFromLoans`	-	USD	2 Qtrs
Net proceeds from a loan - related party	`ProceedsFromLoans`	$35.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$35.00K	USD	2 Qtrs
Net decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.39K	USD	2 Qtrs
Net decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.00	USD	2 Qtrs
Cash at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$11.39K	USD	Point-in-time
Cash at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.00	USD	Point-in-time
Cash at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$11.39K	USD	Point-in-time
Cash at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.00	USD	Point-in-time
Cash at End of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at End of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs

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