10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001415889-16-005900 |
| Period End Date | 20160331 |
| Filing Date | 20160516 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | trkk-20160331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
64 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
|
$963.33K | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
50.00M | shares | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
50.00M | shares | Point-in-time |
| Cash |
Cash
|
$391.32K | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$235.64K | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$116.72K | USD | Point-in-time |
| Inventory |
InventoryNet
|
$251.52K | USD | Point-in-time |
| Inventory |
InventoryNet
|
$312.66K | USD | Point-in-time |
| Unbilled revenue |
UnbilledReceivablesCurrent
|
$56.36K | 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 |
| Unbilled revenue |
UnbilledReceivablesCurrent
|
$65.76K | USD | Point-in-time |
| Prepaid expenses - current portion |
PrepaidExpenseCurrent
|
$191.68K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
750.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
750.00M | shares | Point-in-time |
| Prepaid expenses - current portion |
PrepaidExpenseCurrent
|
$396.51K | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
22.15M | shares | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$46.02K | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$43.34K | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
19.25M | shares | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.63M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
22.15M | shares | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.44M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
19.25M | shares | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$2.15M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$2.22M | USD | Point-in-time |
| Intangible Assets, net |
FiniteLivedIntangibleAssetsNet
|
$275.00K | USD | Point-in-time |
| Intangible Assets, net |
FiniteLivedIntangibleAssetsNet
|
$268.75K | USD | Point-in-time |
| Prepaid expenses - long-term portion |
PrepaidExpenseNoncurrent
|
$189.97K | USD | Point-in-time |
| Prepaid expenses - long-term portion |
PrepaidExpenseNoncurrent
|
$141.62K | USD | Point-in-time |
| Total Assets |
Assets
|
$4.32M | USD | Point-in-time |
| Total Assets |
Assets
|
$4.00M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$610.23K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$617.50K | USD | Point-in-time |
| Deferred revenue |
DeferredRevenue
|
$22.66K | USD | Point-in-time |
| Deferred revenue |
DeferredRevenue
|
$16.66K | USD | Point-in-time |
| Related party payable |
NotesPayableCurrent
|
$48.42K | USD | Point-in-time |
| Related party payable |
NotesPayableCurrent
|
$74.05K | USD | Point-in-time |
| Derivative liabilities current portion |
DerivativeLiabilitiesCurrent
|
$311.37K | USD | Point-in-time |
| Derivative liabilities current portion |
DerivativeLiabilitiesCurrent
|
$49.09K | USD | Point-in-time |
| Convertible note payable current portion, net of unamortized discount |
ConvertibleNotesPayableCurrent
|
$2.49K | USD | Point-in-time |
| Convertible note payable current portion, net of unamortized discount |
ConvertibleNotesPayableCurrent
|
$2.49K | 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
|
$852.55K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$1.13M | USD | Point-in-time |
| Derivative liabilities long term portion |
DerivativeLiabilitiesNoncurrent
|
$60.23K | USD | Point-in-time |
| Derivative liabilities long term portion |
DerivativeLiabilitiesNoncurrent
|
$307.02K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.43M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$912.79K | USD | Point-in-time |
| Common Shares, $0.0001 par value; 750,000,000 shares authorized, 22,146,014 and 19,252,082 outstanding as of March 31, 2016 and December 31, 2015, respectively |
CommonStockValue
|
$2.21K | USD | Point-in-time |
| Common Shares, $0.0001 par value; 750,000,000 shares authorized, 22,146,014 and 19,252,082 outstanding as of March 31, 2016 and December 31, 2015, respectively |
CommonStockValue
|
$1.93K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$4.90M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$5.05M | USD | Point-in-time |
| Accumulated (deficit) |
RetainedEarningsAccumulatedDeficit
|
$-2.01M | USD | Point-in-time |
| Accumulated (deficit) |
RetainedEarningsAccumulatedDeficit
|
$-1.95M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-10.22K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-12.26K | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$2.88M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$3.09M | USD | Point-in-time |
| Total liabilities and stockholders' Deficit |
LiabilitiesAndStockholdersEquity
|
$4.32M | USD | Point-in-time |
| Total liabilities and stockholders' Deficit |
LiabilitiesAndStockholdersEquity
|
$4.00M | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$1.30M | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$799.70K | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$856.92K | USD | 1 Quarter |
| Cost of sales |
CostOfRevenue
|
$573.31K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$438.34K | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$226.39K | USD | 1 Quarter |
| Selling, general and administrative |
GeneralAndAdministrativeExpense
|
$184.78K | USD | 1 Quarter |
| Selling, general and administrative |
GeneralAndAdministrativeExpense
|
$175.65K | USD | 1 Quarter |
| Salaries, wages and payroll taxes |
LaborAndRelatedExpense
|
$75.33K | USD | 1 Quarter |
| Salaries, wages and payroll taxes |
LaborAndRelatedExpense
|
$173.85K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
$151.56K | USD | 1 Quarter |
| Stock based compensation |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$300.57K | USD | 1 Quarter |
| Professional fees |
ProfessionalFees
|
$166.37K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$82.82K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$70.46K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$742.02K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$639.36K | USD | 1 Quarter |
| (Loss) before other expenses and income taxes |
OperatingIncomeLoss
|
$-303.68K | USD | 1 Quarter |
| (Loss) before other expenses and income taxes |
OperatingIncomeLoss
|
$-412.98K | USD | 1 Quarter |
| Change in fair value of derivative instruments, net |
IncreaseDecreaseInDerivativeLiabilities
|
$-464.50K | USD | 1 Quarter |
| Change in fair value of derivative instruments, net |
IncreaseDecreaseInDerivativeLiabilities
|
$-233.00 | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$75.88K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
- | USD | 1 Quarter |
| Foreign currency exchange rate variance |
ConversionGainsAndLossesOnForeignInvestments
|
$-9.23K | USD | 1 Quarter |
| Foreign currency exchange rate variance |
ConversionGainsAndLossesOnForeignInvestments
|
$-25.00K | USD | 1 Quarter |
| Total other (income) expense |
OtherNonoperatingIncomeExpense
|
$363.62K | USD | 1 Quarter |
| Total other (income) expense |
OtherNonoperatingIncomeExpense
|
$-9.00K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$-421.98K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$59.95K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$-421.98K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$59.95K | USD | 1 Quarter |
| Foreign currency translation adjustments |
ForeignCurrencyTransactionGainLossBeforeTax
|
$2.04K | USD | 1 Quarter |
| Foreign currency translation adjustments |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-424.00 | USD | 1 Quarter |
| Comprehensive income (loss) |
NetIncomeLoss
|
$61.98K | USD | 1 Quarter |
| Comprehensive income (loss) |
NetIncomeLoss
|
$-422.47K | 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
|
20.71M | shares | 1 Quarter |
| Basic net income (loss) per share |
EarningsPerShareBasic
|
$-0.07 | USD | 1 Quarter |
| Basic net income (loss) per share |
EarningsPerShareBasic
|
$0.02 | USD | 1 Quarter |
Cash Flow Statement
76 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
ProfitLoss
|
$-421.98K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$59.95K | USD | 1 Quarter |
| Change in fair value of derivative liabilities |
IncreaseDecreaseInDerivativeLiabilities
|
$-464.50K | USD | 1 Quarter |
| Change in fair value of derivative liabilities |
IncreaseDecreaseInDerivativeLiabilities
|
$-233.00 | USD | 1 Quarter |
| Depreciation expense |
Depreciation
|
$69.53K | 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
|
$6.25K | USD | 1 Quarter |
| Amortization of notes payable discount |
AmortizationOfFinancingCostsAndDiscounts
|
- | USD | 1 Quarter |
| Amortization of notes payable discount |
AmortizationOfFinancingCostsAndDiscounts
|
$75.63K | 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 |
FairValueOptionChangesInFairValueGainLoss1
|
- | USD | 1 Quarter |
| Fair value of option issued |
FairValueOptionChangesInFairValueGainLoss1
|
$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
|
$4.69K | USD | 1 Quarter |
| Amortization of prepaid expense in connection with the issuance of common stock issued for prepaid services |
OtherDepreciationAndAmortization
|
$74.09K | USD | 1 Quarter |
| Imputed interest |
ImputedInterest
|
$252.00 | USD | 1 Quarter |
| Imputed interest |
ImputedInterest
|
- | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$19.13K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-118.92K | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$-61.14K | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$-2.99K | USD | 1 Quarter |
| Unbilled revenue |
IncreaseDecreaseInUnbilledReceivables
|
$9.40K | USD | 1 Quarter |
| Unbilled revenue |
IncreaseDecreaseInUnbilledReceivables
|
$-6.64K | USD | 1 Quarter |
| Prepaid expense |
IncreaseDecreaseInPrepaidExpense
|
$-130.58K | USD | 1 Quarter |
| Prepaid expense |
IncreaseDecreaseInPrepaidExpense
|
- | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-13.86K | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-2.68K | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$7.27K | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$13.21K | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$-16.96K | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$6.00K | USD | 1 Quarter |
| Net Cash (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-195.19K | USD | 1 Quarter |
| Net Cash (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-469.47K | USD | 1 Quarter |
| Cash acquired from acquisition |
CashAcquiredFromAcquisition
|
$30.93K | USD | 1 Quarter |
| Cash acquired from acquisition |
CashAcquiredFromAcquisition
|
- | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.32K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$32.47K | USD | 1 Quarter |
| Cash paid per Share Exchange Agreement |
PaymentsForRepurchaseOfWarrants
|
- | USD | 1 Quarter |
| Cash paid per Share Exchange Agreement |
PaymentsForRepurchaseOfWarrants
|
$375.00K | USD | 1 Quarter |
| Net cash (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-376.54K | USD | 1 Quarter |
| Net cash (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-3.32K | USD | 1 Quarter |
| Proceeds from common stock and preferred stock sales |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Proceeds from common stock and preferred stock sales |
ProceedsFromIssuanceOfCommonStock
|
$1.10M | USD | 1 Quarter |
| Payments on notes payable |
RepaymentsOfLongtermLoansFromVendors
|
- | USD | 1 Quarter |
| Payments on notes payable |
RepaymentsOfLongtermLoansFromVendors
|
$75.63K | USD | 1 Quarter |
| Repayments of note payable, related party, net |
RepaymentsOfNotesPayable
|
$25.63K | USD | 1 Quarter |
| Repayments of note payable, related party, net |
RepaymentsOfNotesPayable
|
$59.31K | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-101.26K | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$1.04M | USD | 1 Quarter |
| Effect of exchange rate on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-424.00 | USD | 1 Quarter |
| Effect of exchange rate on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$2.04K | USD | 1 Quarter |
| Net (decrease) increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$466.04K | USD | 1 Quarter |
| Net (decrease) increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-572.01K | USD | 1 Quarter |
| Cash beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$65.89K | USD | Point-in-time |
| Cash beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$391.32K | USD | Point-in-time |
| Cash beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$963.33K | USD | Point-in-time |
| Cash beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$531.93K | USD | Point-in-time |
| Cash end of period |
CashAndCashEquivalentsAtCarryingValue
|
$65.89K | USD | Point-in-time |
| Cash end of period |
CashAndCashEquivalentsAtCarryingValue
|
$391.32K | USD | Point-in-time |
| Cash end of period |
CashAndCashEquivalentsAtCarryingValue
|
$963.33K | USD | Point-in-time |
| Cash end of period |
CashAndCashEquivalentsAtCarryingValue
|
$531.93K | USD | Point-in-time |
| Cash paid during the period for interest |
InterestPaidNet
|
- | USD | 1 Quarter |
| Cash paid during the period for interest |
InterestPaidNet
|
- | USD | 1 Quarter |
| Cash paid during the period for income tax |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Cash paid during the period for income tax |
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 |
CommonStockIssuedForIntellectualPropertyNoncash
|
- | USD | 1 Quarter |
| Common stock issued for intellectual property |
CommonStockIssuedForIntellectualPropertyNoncash
|
$50.00K | USD | 1 Quarter |
| Common stock issued for prepaid services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$100.00K | USD | 1 Quarter |
| Common stock issued for prepaid services |
IssuanceOfStockAndWarrantsForServicesOrClaims
|
$25.00K | USD | 1 Quarter |
| Common stock issued for settlement of debt |
CommonStockIssuedForSettlementOfDebt
|
- | USD | 1 Quarter |
| Common stock issued for settlement of debt |
CommonStockIssuedForSettlementOfDebt
|
$175.00K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.