10-Q/A Filing

NextPlat Corp CIK: 1058307 Q3 2014

Filing Information

Form Type	10-Q/A
Accession Number	`0001415889-15-001112`
Period End Date	20140930
Filing Date	20150330
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	trkk-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 56 Cash Flow Statement 38

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
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`	$400.10K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$400.10K	USD	Point-in-time
Total Assets	`Assets`	-	USD	Point-in-time
Total Assets	`Assets`	$400.10K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$466.49K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$637.72K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$175.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.51M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.51M	shares	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$175.00K	USD	Point-in-time
Loan payable - related party	`ConvertibleNotesPayableCurrent`	$35.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.51M	shares	Point-in-time
Loan payable - related party	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.51M	shares	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$11.94K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$4.88K	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`	$765.83K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$965.00K	USD	Point-in-time
Common stock, $0.0001 par value; 200,000,000 shares authorized, 9,510,950 and 1,510,975 shares issued and outstanding, respectively	`CommonStockValue`	$151.00	USD	Point-in-time
Common stock, $0.0001 par value; 200,000,000 shares authorized, 9,510,950 and 1,510,975 shares issued and outstanding, respectively	`CommonStockValue`	$951.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$48.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$48.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-48.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-49.35M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-564.90K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-765.83K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$400.10K	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	3 Qtrs
Net revenues	`SalesRevenueNet`	-	USD	3 Qtrs
Net revenues	`SalesRevenueNet`	-	USD	1 Quarter
Net revenues	`SalesRevenueNet`	-	USD	1 Quarter
Payroll expense	`OtherLaborRelatedExpenses`	$-150.00K	USD	1 Quarter
Payroll expense	`OtherLaborRelatedExpenses`	-	USD	3 Qtrs
Payroll expense	`OtherLaborRelatedExpenses`	$190.08K	USD	3 Qtrs
Payroll expense	`OtherLaborRelatedExpenses`	$59.97K	USD	1 Quarter
Management fees - related party	`ManagementFeeExpense`	-	USD	3 Qtrs
Management fees - related party	`ManagementFeeExpense`	$75.00K	USD	1 Quarter
Management fees - related party	`ManagementFeeExpense`	$225.00K	USD	3 Qtrs
Management fees - related party	`ManagementFeeExpense`	-	USD	1 Quarter
Exploration cost	`ExplorationExpenseMining`	-	USD	3 Qtrs
Exploration cost	`ExplorationExpenseMining`	$5.00K	USD	3 Qtrs
Exploration cost	`ExplorationExpenseMining`	-	USD	1 Quarter
Exploration cost	`ExplorationExpenseMining`	-	USD	1 Quarter
Professional and consulting	`ProfessionalFees`	$47.88K	USD	3 Qtrs
Professional and consulting	`ProfessionalFees`	$14.80K	USD	1 Quarter
Professional and consulting	`ProfessionalFees`	$343.77K	USD	3 Qtrs
Professional and consulting	`ProfessionalFees`	$33.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$19.67K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.99K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$13.65K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$42.19K	USD	3 Qtrs
Total Operating (Income) Expenses	`OperatingExpenses`	$-112.01K	USD	1 Quarter
Total Operating (Income) Expenses	`OperatingExpenses`	$487.64K	USD	3 Qtrs
Total Operating (Income) Expenses	`OperatingExpenses`	$385.96K	USD	3 Qtrs
Total Operating (Income) Expenses	`OperatingExpenses`	$163.41K	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$112.01K	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$-385.96K	USD	3 Qtrs
Income (Loss) from Operations	`OperatingIncomeLoss`	$-487.64K	USD	3 Qtrs
Income (Loss) from Operations	`OperatingIncomeLoss`	$-163.41K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	-	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-45.30K	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-2.11K	USD	1 Quarter
Change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss`	$21.32K	USD	1 Quarter
Change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss`	$22.81K	USD	3 Qtrs
Change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss`	$19.77K	USD	1 Quarter
Change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss`	$7.06K	USD	3 Qtrs
Total Other Income (Expense), net	`OtherNonoperatingIncomeExpense`	$19.77K	USD	1 Quarter
Total Other Income (Expense), net	`OtherNonoperatingIncomeExpense`	$-22.49K	USD	3 Qtrs
Total Other Income (Expense), net	`OtherNonoperatingIncomeExpense`	$19.21K	USD	1 Quarter
Total Other Income (Expense), net	`OtherNonoperatingIncomeExpense`	$7.06K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-510.13K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-144.20K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-378.90K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$131.77K	USD	1 Quarter
Net Income (loss) Per Share - Basic and Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.09	USD	1 Quarter
Net Income (loss) Per Share - Basic and Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.08	USD	1 Quarter
Net Income (loss) Per Share - Basic and Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.30	USD	3 Qtrs
Net Income (loss) Per Share - Basic and Diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.25	USD	3 Qtrs
Weighted average number of shares outstanding during the period Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.60M	shares	1 Quarter
Weighted average number of shares outstanding during the period Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.54M	shares	3 Qtrs
Weighted average number of shares outstanding during the period Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.69M	shares	3 Qtrs
Weighted average number of shares outstanding during the period Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.69M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-510.13K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-144.20K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-378.90K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$131.77K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$27.02K	USD	3 Qtrs
Change in fair value of derivative liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-7.06K	USD	3 Qtrs
Change in fair value of derivative liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$-22.81K	USD	3 Qtrs
Stock based consulting expense	`ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncrementalCompensationCost`	-	USD	3 Qtrs
Stock based consulting expense	`ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncrementalCompensationCost`	$179.83K	USD	3 Qtrs
Gain from forgiveness of debt	`DebtInstrumentIncreaseDecreaseForPeriodNet`	-	USD	3 Qtrs
Gain from forgiveness of debt	`DebtInstrumentIncreaseDecreaseForPeriodNet`	-	USD	3 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$7.50K	USD	3 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$498.39K	USD	3 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$171.23K	USD	3 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.00	USD	3 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.90K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$400.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Net proceeds from a loan - related party	`ProceedsFromLoans`	$35.00K	USD	3 Qtrs
Net proceeds from a loan - related party	`ProceedsFromLoans`	-	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$435.00K	USD	3 Qtrs
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$400.10K	USD	3 Qtrs
Net increase (decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.00	USD	3 Qtrs
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`	$400.10K	USD	Point-in-time
Cash at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	-	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`	$400.10K	USD	Point-in-time
Cash at End of Period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs

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