10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001415889-15-001828 |
| Period End Date | 20150331 |
| Filing Date | 20150520 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | trkk-20150331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
60 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 |
| Cash |
Cash
|
$65.89K | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
10.00M | shares | Point-in-time |
| Cash |
Cash
|
$531.93K | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$98.44K | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$82.99K | USD | Point-in-time |
| Inventory |
InventoryNet
|
$183.78K | USD | Point-in-time |
| Inventory |
InventoryNet
|
$226.93K | USD | Point-in-time |
| Unbilled revenue |
UnbilledReceivablesCurrent
|
$32.25K | USD | Point-in-time |
| Unbilled revenue |
UnbilledReceivablesCurrent
|
$25.61K | 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 |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
200.00M | shares | Point-in-time |
| Prepaid expenses - current portion |
PrepaidExpenseCurrent
|
- | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
200.00M | shares | Point-in-time |
| Prepaid expenses - current portion |
PrepaidExpenseCurrent
|
$222.22K | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
2.54M | shares | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$25.76K | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
11.05M | shares | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$71.16K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
11.05M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
2.54M | shares | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$384.03K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.18M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$58.41K | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$85.98K | USD | Point-in-time |
| Intangible Assets, net |
FiniteLivedIntangibleAssetsNet
|
- | USD | Point-in-time |
| Intangible Assets, net |
FiniteLivedIntangibleAssetsNet
|
$293.75K | USD | Point-in-time |
| Prepaid expenses - long-term portion |
PrepaidExpenseNoncurrent
|
- | USD | Point-in-time |
| Prepaid expenses - long-term portion |
PrepaidExpenseNoncurrent
|
$1.93M | USD | Point-in-time |
| Total Assets |
Assets
|
$442.45K | USD | Point-in-time |
| Total Assets |
Assets
|
$3.49M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$607.08K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$299.88K | USD | Point-in-time |
| Deferred revenue |
DeferredRevenue
|
$21.93K | USD | Point-in-time |
| Deferred revenue |
DeferredRevenue
|
$28.89K | USD | Point-in-time |
| Note payable |
NotesPayableCurrent
|
$59.31K | USD | Point-in-time |
| Note payable |
NotesPayableCurrent
|
$122.54K | USD | Point-in-time |
| Derivative liabilities |
DerivativeLiabilitiesCurrent
|
$4.70K | USD | Point-in-time |
| Derivative liabilities |
DerivativeLiabilitiesCurrent
|
- | USD | Point-in-time |
| Liabilities for discontinued operations |
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
$112.40K | USD | Point-in-time |
| Liabilities for discontinued operations |
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
- | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$868.65K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$388.08K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$388.08K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$868.65K | USD | Point-in-time |
| Common Shares, $0.0001 par value; 200,000,000 shares authorized, 11,048,172 and 2,540,000 issued and outstanding as of March 31, 2015 and December 31, 2014, respectively |
CommonStockValue
|
$1.10K | USD | Point-in-time |
| Common Shares, $0.0001 par value; 200,000,000 shares authorized, 11,048,172 and 2,540,000 issued and outstanding as of March 31, 2015 and December 31, 2014, respectively |
CommonStockValue
|
$254.00 | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$1.36K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$2.99M | USD | Point-in-time |
| Accumulated (deficit) earning |
RetainedEarningsAccumulatedDeficit
|
$-369.25K | USD | Point-in-time |
| Accumulated (deficit) earning |
RetainedEarningsAccumulatedDeficit
|
$52.73K | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-849.00 | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.27K | USD | Point-in-time |
| Total stockholder equity |
StockholdersEquity
|
$2.63M | USD | Point-in-time |
| Total stockholder equity |
StockholdersEquity
|
$54.37K | USD | Point-in-time |
| Total liabilities and stockholders' Deficit |
LiabilitiesAndStockholdersEquity
|
$442.45K | USD | Point-in-time |
| Total liabilities and stockholders' Deficit |
LiabilitiesAndStockholdersEquity
|
$3.49M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$666.24K | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$799.70K | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$461.64K | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$573.31K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$226.39K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$204.60K | USD | 1 Quarter |
| Selling, general and administrative |
GeneralAndAdministrativeExpense
|
$134.60K | USD | 1 Quarter |
| Selling, general and administrative |
GeneralAndAdministrativeExpense
|
$568.91K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.17K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$70.46K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$139.78K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$639.37K | USD | 1 Quarter |
| (Loss) Income before other expenses and income taxes |
OperatingIncomeLoss
|
$64.82K | USD | 1 Quarter |
| (Loss) Income before other expenses and income taxes |
OperatingIncomeLoss
|
$-412.98K | USD | 1 Quarter |
| Change in fair value of derivative instruments, net |
IncreaseDecreaseInDerivativeLiabilities
|
$233.00 | USD | 1 Quarter |
| Change in fair value of derivative instruments, net |
IncreaseDecreaseInDerivativeLiabilities
|
- | USD | 1 Quarter |
| Foreign currency exchange rate variance |
ConversionGainsAndLossesOnForeignInvestments
|
$9.23K | USD | 1 Quarter |
| Foreign currency exchange rate variance |
ConversionGainsAndLossesOnForeignInvestments
|
$1.08K | USD | 1 Quarter |
| Total other expense |
OtherNonoperatingIncomeExpense
|
$1.08K | USD | 1 Quarter |
| Total other expense |
OtherNonoperatingIncomeExpense
|
$9.00K | USD | 1 Quarter |
| Net (loss) income |
ProfitLoss
|
$65.91K | USD | 1 Quarter |
| Net (loss) income |
ProfitLoss
|
$-421.98K | USD | 1 Quarter |
| Net (loss) income |
ProfitLoss
|
$65.91K | USD | 1 Quarter |
| Net (loss) income |
ProfitLoss
|
$-421.98K | USD | 1 Quarter |
| Foreign currency translation adjustments |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-424.00 | USD | 1 Quarter |
| Foreign currency translation adjustments |
ForeignCurrencyTransactionGainLossBeforeTax
|
$5.52K | USD | 1 Quarter |
| Comprehensive (Loss) Income |
NetIncomeLoss
|
$71.43K | USD | 1 Quarter |
| Comprehensive (Loss) Income |
NetIncomeLoss
|
$-422.40K | USD | 1 Quarter |
| Weighted average number of common shares outstanding - basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
6.32M | shares | 1 Quarter |
| Weighted average number of common shares outstanding - basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
2.54M | shares | 1 Quarter |
| Net Loss Per Share - Basic |
EarningsPerShareBasic
|
$-0.07 | USD | 1 Quarter |
| Net Loss Per Share - Basic |
EarningsPerShareBasic
|
$0.03 | USD | 1 Quarter |
| Weighted average number of shares outstanding during the year Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
6.32M | shares | 1 Quarter |
| Weighted average number of shares outstanding during the year Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
90.00M | shares | 1 Quarter |
| Net Loss Per Share - Diluted |
EarningsPerShareDiluted
|
- | USD | 1 Quarter |
| Net Loss Per Share - Diluted |
EarningsPerShareDiluted
|
$-0.07 | USD | 1 Quarter |
Cash Flow Statement
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net (loss) income |
ProfitLoss
|
$65.91K | USD | 1 Quarter |
| Net (loss) income |
ProfitLoss
|
$-421.98K | USD | 1 Quarter |
| Change in fair value of derivative liabilities |
IncreaseDecreaseInDerivativeLiabilities
|
$233.00 | USD | 1 Quarter |
| Change in fair value of derivative liabilities |
IncreaseDecreaseInDerivativeLiabilities
|
- | USD | 1 Quarter |
| Depreciation expense |
Depreciation
|
$3.12K | USD | 1 Quarter |
| Depreciation expense |
Depreciation
|
$8.65K | USD | 1 Quarter |
| Amortization of intangible asset |
AmortizationOfIntangibleAssets
|
$6.25K | USD | 1 Quarter |
| Amortization of intangible asset |
AmortizationOfIntangibleAssets
|
- | USD | 1 Quarter |
| Amortization of license fee |
OtherAmortizationOfDeferredCharges
|
$55.55K | USD | 1 Quarter |
| Amortization of license fee |
OtherAmortizationOfDeferredCharges
|
- | USD | 1 Quarter |
| Fair value of option issued |
FairValueOfOptionIssued
|
- | USD | 1 Quarter |
| Fair value of option issued |
FairValueOfOptionIssued
|
$107.50K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncrementalCompensationCost
|
$42.50K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncrementalCompensationCost
|
- | USD | 1 Quarter |
| Amortization of prepaid expense in connection with the issuance of common stock issued for prepaid services |
OtherDepreciationAndAmortization
|
- | USD | 1 Quarter |
| Amortization of prepaid expense in connection with the issuance of common stock issued for prepaid services |
OtherDepreciationAndAmortization
|
$4.69K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$19.13K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-100.66K | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$-9.23K | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$-2.99K | USD | 1 Quarter |
| Unbilled revenue |
IncreaseDecreaseInUnbilledReceivables
|
$-6.64K | USD | 1 Quarter |
| Unbilled revenue |
IncreaseDecreaseInUnbilledReceivables
|
$-17.29K | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-8.87K | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-13.86K | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$101.95K | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$13.20K | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$-6.16K | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$-6.96K | USD | 1 Quarter |
| Net Cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-195.19K | USD | 1 Quarter |
| Net Cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$28.77K | USD | 1 Quarter |
| Cash acquired from acquisition |
CashAcquiredFromAcquisition
|
- | USD | 1 Quarter |
| Cash acquired from acquisition |
CashAcquiredFromAcquisition
|
$30.93K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$32.47K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$8.37K | USD | 1 Quarter |
| Cash paid per Share Exchange Agreement |
PaymentsForRepurchaseOfWarrants
|
$375.00K | USD | 1 Quarter |
| Cash paid per Share Exchange Agreement |
PaymentsForRepurchaseOfWarrants
|
- | USD | 1 Quarter |
| Net Cash Used In Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-8.37K | USD | 1 Quarter |
| Net Cash Used In Investing Activities |
NetCashProvidedByUsedInInvestingActivities
|
$-376.54K | USD | 1 Quarter |
| Proceeds from common stock and preferred stock sales |
ProceedsFromIssuanceOfCommonStock
|
$1.10M | USD | 1 Quarter |
| Proceeds from common stock and preferred stock sales |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Repayment of Funding Circle loan |
RepaymentsOfLongtermLoansFromVendors
|
- | USD | 1 Quarter |
| Repayment of Funding Circle loan |
RepaymentsOfLongtermLoansFromVendors
|
$4.30K | USD | 1 Quarter |
| Repayments of note payable, related party, net |
RepaymentsOfNotesPayable
|
$59.31K | USD | 1 Quarter |
| Repayments of note payable, related party, net |
RepaymentsOfNotesPayable
|
$37.72K | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-42.02K | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$1.04M | USD | 1 Quarter |
| Effect of exchange rate on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$5.52K | USD | 1 Quarter |
| Effect of exchange rate on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-424.00 | USD | 1 Quarter |
| Net increase (decrease) in Cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$466.04K | USD | 1 Quarter |
| Net increase (decrease) in Cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-16.10K | USD | 1 Quarter |
| Cash at Beginning of Period |
CashAndCashEquivalentsAtCarryingValue
|
$531.93K | USD | Point-in-time |
| Cash at Beginning of Period |
CashAndCashEquivalentsAtCarryingValue
|
$62.31K | USD | Point-in-time |
| Cash at Beginning of Period |
CashAndCashEquivalentsAtCarryingValue
|
$65.89K | USD | Point-in-time |
| Cash at Beginning of Period |
CashAndCashEquivalentsAtCarryingValue
|
$78.41K | USD | Point-in-time |
| Cash at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$531.93K | USD | Point-in-time |
| Cash at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$62.31K | USD | Point-in-time |
| Cash at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$65.89K | USD | Point-in-time |
| Cash at End of Period |
CashAndCashEquivalentsAtCarryingValue
|
$78.41K | USD | Point-in-time |
| Cash paid for interest |
InterestPaidNet
|
- | USD | 1 Quarter |
| Cash paid for interest |
InterestPaidNet
|
- | USD | 1 Quarter |
| Cash paid for taxes |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Cash paid for taxes |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Notes payable issued per Share Exchange Agreement |
NotesIssued1
|
- | USD | 1 Quarter |
| Notes payable issued per Share Exchange Agreement |
NotesIssued1
|
$122.54K | USD | 1 Quarter |
| Common stock issued for intellectual property |
StockIssuedDuringPeriodValueIssuedForNoncashConsiderations
|
- | USD | 1 Quarter |
| Common stock issued for intellectual property |
StockIssuedDuringPeriodValueIssuedForNoncashConsiderations
|
$50.00K | USD | 1 Quarter |
| Common stock issued for prepaid services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$25.00K | USD | 1 Quarter |
| Common stock issued for prepaid services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
- | USD | 1 Quarter |
| Common stock issued for settlement of debt |
CommonStockIssuedForSettlementOfDebt
|
$175.00K | USD | 1 Quarter |
| Common stock issued for settlement of debt |
CommonStockIssuedForSettlementOfDebt
|
- | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.