10-K Filing

NextPlat Corp CIK: 1058307 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001415889-15-001037`
Period End Date	20141231
Filing Date	20150326
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	trkk-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 38 Cash Flow Statement 58 Stockholders Equity 16

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$77.14K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$8.41K	USD	Point-in-time
Prepaid expenses - current portion	`PrepaidExpenseCurrent`	$232.22K	USD	Point-in-time
Prepaid expenses - current portion	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$317.77K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid expenses - long-term portion	`PrepaidExpenseNoncurrent`	$1.99M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid expenses - long-term portion	`PrepaidExpenseNoncurrent`	-	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsGross`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.73M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsGross`	$250.00K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$2.24M	USD	Point-in-time
Total Other Assets	`OtherAssets`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.73M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Total Assets	`Assets`	$2.56M	USD	Point-in-time
Total Assets	`Assets`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$466.49K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$402.58K	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
Due to related party	`ConvertibleNotesPayableCurrent`	$2.04K	USD	Point-in-time
Due to related party	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$11.94K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$50.89K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$4.94K	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`	$696.96K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$765.83K	USD	Point-in-time
Common stock, $0.0001 par value; 750,000,000 shares authorized, 253,033,555 shares issued and outstanding	`CommonStockValue`	$1.37K	USD	Point-in-time
Common stock, $0.0001 par value; 750,000,000 shares authorized, 253,033,555 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`	$51.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-48.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-49.51M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-765.83K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$1.86M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.71M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$2.56M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net revenues - services	`SalesRevenueServicesNet`	$8.41K	USD	Annual
Net revenues - services	`SalesRevenueServicesNet`	-	USD	Annual
Cost of revenues - services	`CostOfRevenue`	-	USD	Annual
Cost of revenues - services	`CostOfRevenue`	$202.00	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
Gross profit	`GrossProfit`	$8.21K	USD	Annual
General and administrative expneses	`GeneralAndAdministrativeExpense`	$426.65K	USD	Annual
General and administrative expneses	`GeneralAndAdministrativeExpense`	$573.79K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$573.79K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$426.65K	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-573.79K	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-418.24K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-120.58K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	-	USD	Annual
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$1.29M	USD	Annual
Change in fair value of derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$32.61K	USD	Annual
Change in fair value of derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$7.01K	USD	Annual
Total Other Expense, net	`OtherNonoperatingIncomeExpense`	$1.20M	USD	Annual
Total Other Expense, net	`OtherNonoperatingIncomeExpense`	$7.01K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$624.12K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-411.23K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$624.12K	USD	Annual
Net Loss	`NetIncomeLoss`	$-411.23K	USD	Annual
Preferred deemed dividend	`RedeemablePreferredStockDividends`	$-133.27K	USD	Annual
Preferred deemed dividend	`RedeemablePreferredStockDividends`	-	USD	Annual
Net (loss) income available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-544.51K	USD	Annual
Net (loss) income available to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$624.12K	USD	Annual
Net Loss Per Share - Basic	`EarningsPerShareBasic`	$0.38	USD	Annual
Net Loss Per Share - Basic	`EarningsPerShareBasic`	$-0.13	USD	Annual
Net Loss Per Share - Diluted	`EarningsPerShareDiluted`	$-0.13	USD	Annual
Net Loss Per Share - Diluted	`EarningsPerShareDiluted`	$0.36	USD	Annual
Weighted average number of shares outstanding during the year Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.66M	shares	Annual
Weighted average number of shares outstanding during the year Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	4.09M	shares	Annual
Weighted average number of shares outstanding during the year Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.71M	shares	Annual
Weighted average number of shares outstanding during the year Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.09M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$624.12K	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-411.23K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$33.27K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Interest expense in connection with the conversion of debentures	`InterestExpenseSubordinatedNotesAndDebentures`	-	USD	Annual
Interest expense in connection with the conversion of debentures	`InterestExpenseSubordinatedNotesAndDebentures`	$68.15K	USD	Annual
Amortization of prepaid license fee	`OtherAmortizationOfDeferredCharges`	-	USD	Annual
Amortization of prepaid license fee	`OtherAmortizationOfDeferredCharges`	$12.54K	USD	Annual
Change in fair value of derivative liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$32.61K	USD	Annual
Change in fair value of derivative liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$7.01K	USD	Annual
Stock based consulting expense	`ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncrementalCompensationCost`	$179.83K	USD	Annual
Stock based consulting expense	`ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncrementalCompensationCost`	-	USD	Annual
Gain from settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain from settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$1.29M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.41K	USD	Annual
Prepaid expenses - current portion	`IncreaseDecreaseInPrepaidExpense`	$7.50K	USD	Annual
Prepaid expenses - current portion	`IncreaseDecreaseInPrepaidExpense`	$-10.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$585.43K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$34.37K	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.00	USD	Annual
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-209.91K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$250.00K	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-250.00K	USD	Annual
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$500.00K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.04K	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Net proceeds from a loan - related party	`ProceedsFromNotesPayable`	-	USD	Annual
Net proceeds from a loan - related party	`ProceedsFromNotesPayable`	$35.00K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$537.04K	USD	Annual
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$77.14K	USD	Annual
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.00	USD	Annual
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`	$77.14K	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`	$77.14K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Operating expenses paid by a minority stockholder directly to the Company's vendors	`OtherOperatingIncomeExpenseNet`	-	USD	Annual
Operating expenses paid by a minority stockholder directly to the Company's vendors	`OtherOperatingIncomeExpenseNet`	$-19.68K	USD	Annual
Issuance of common stock for convertible debentures - principal amount	`DebtConversionOriginalDebtAmount1`	-	USD	Annual
Issuance of common stock for convertible debentures - principal amount	`DebtConversionOriginalDebtAmount1`	$243.38K	USD	Annual
Reclassification of derivative liability to equity	`ReclassificationOfDerivativeLiabilityUponExtinguishmentOfConvertibleDebenturesValue`	-	USD	Annual
Reclassification of derivative liability to equity	`ReclassificationOfDerivativeLiabilityUponExtinguishmentOfConvertibleDebenturesValue`	$6.33K	USD	Annual
Issuance of common stock in connection with a license agreement	`StockIssued1`	$2.22M	USD	Annual
Issuance of common stock in connection with a license agreement	`StockIssued1`	-	USD	Annual
Preferred stock deemed dividend	`PaymentsOfDividends`	-	USD	Annual
Preferred stock deemed dividend	`PaymentsOfDividends`	$133.27K	USD	Annual
Issuance of preferred stock for debt and accrued interest	`IssuanceOfPreferredStockForDebtAndAccruedInterest`	-	USD	Annual
Issuance of preferred stock for debt and accrued interest	`IssuanceOfPreferredStockForDebtAndAccruedInterest`	$133.28K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-765.83K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.86M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.71M	USD	Point-in-time
Issuance of preferred stock in connection with the conversion of debt and accrued interest, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$311.53K	USD	Annual
Issuance of preferred stock in connection with the conversion of debt and accrued interest, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Reclassification of derivative liability upon extinguishment of convertible debentures	`ReclassificationDerivativeLiabilityUponExtinguishmentConvertibleDebentures`	$6.33K	USD	Annual
Cancellation of common stock, value	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	Annual
Sale of common stock, amount	`StockIssuedDuringPeriodValueOther`	$500.00K	USD	Annual
Stock-based compensation in connection with options granted	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$179.83K	USD	Annual
Issuance of common stock in connection with a license agreement, value	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$2.22M	USD	Annual
Preferred stock deemed dividend in connection with issuance of preferred stock	`Dividends`	-	USD	Annual
Net Income (loss)	`NetIncomeLoss`	$624.12K	USD	Annual
Net Income (loss)	`NetIncomeLoss`	$-411.23K	USD	Annual
Ending balance, value	`StockholdersEquity`	$-765.83K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.86M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.71M	USD	Point-in-time

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