10-Q/A Filing

DRS INC. CIK: 1421265 Q1 2012

Filing Information

Form Type	10-Q/A
Accession Number	`0001471242-11-000447`
Period End Date	20110930
Filing Date	20111214
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	drsx-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 24 Cash Flow Statement 47 Stockholders Equity 12

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Common stock; par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock; par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock; common shares	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Common stock; common shares	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Cash & short term investments	`CashCashEquivalentsAndShortTermInvestments`	$10.95K	USD	Point-in-time
Common stock; Stock Issued	`CommonStockSharesIssued`	18.88M	shares	Point-in-time
Common stock; Stock Issued	`CommonStockSharesIssued`	18.88M	shares	Point-in-time
Cash & short term investments	`CashCashEquivalentsAndShortTermInvestments`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.95K	USD	Point-in-time
Common stock; Stock Outstanding	`CommonStockOtherSharesOutstanding`	18.88M	shares	Point-in-time
Common stock; Stock Outstanding	`CommonStockOtherSharesOutstanding`	18.88M	shares	Point-in-time
Fixed assets- net	`AssetsNet`	$80.30K	USD	Point-in-time
Fixed assets- net	`AssetsNet`	$90.54K	USD	Point-in-time
Total assets	`AssetsTotal`	$80.30K	USD	Point-in-time
Total assets	`AssetsTotal`	$101.49K	USD	Point-in-time
Accounts payable & accrued expenses	`AccountsPayableAndAccruedLiabilities`	$602.15K	USD	Point-in-time
Accounts payable & accrued expenses	`AccountsPayableAndAccruedLiabilities`	$591.25K	USD	Point-in-time
Notes payable	`NotesPayable`	$300.00K	USD	Point-in-time
Notes payable	`NotesPayable`	$300.00K	USD	Point-in-time
Debentures & advances payable	`AccountsPayableRelatedPartiesCurrent`	$39.53K	USD	Point-in-time
Debentures & advances payable	`AccountsPayableRelatedPartiesCurrent`	$60.23K	USD	Point-in-time
Advances payable to shareholder	`AdvancesPayableShareholders`	$565.85K	USD	Point-in-time
Advances payable to shareholder	`AdvancesPayableShareholders`	$569.60K	USD	Point-in-time
Capital lease payable	`CapitalLeasePayable`	$26.07K	USD	Point-in-time
Capital lease payable	`CapitalLeasePayable`	$26.68K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.52M	USD	Point-in-time
Convertible debenture payable- net	`OtherLoansPayable`	$55.56K	USD	Point-in-time
Convertible debenture payable- net	`OtherLoansPayable`	$55.56K	USD	Point-in-time
Captial lease payable	`CaptialLeasePayable2`	$85.44K	USD	Point-in-time
Captial lease payable	`CaptialLeasePayable2`	$78.54K	USD	Point-in-time
Common stock- $.001 par value, authorized 25,000,000 shares, issued and outstanding, 18,882,268 shares at 9/30/11 and 18,882,268 at 6/30/11	`CommonStockValue`	$18.88K	USD	Point-in-time
Common stock- $.001 par value, authorized 25,000,000 shares, issued and outstanding, 18,882,268 shares at 9/30/11 and 18,882,268 at 6/30/11	`CommonStockValue`	$18.88K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$11.80M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$11.80M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-13.43M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-13.38M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-963.08K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-649.03K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-1.56M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-1.61M	USD	Point-in-time
Total liabilities & Shareholders' Deficit	`TotalLiabilitiesShareholdersEquity`	$101.49K	USD	Point-in-time
Total liabilities & Shareholders' Deficit	`TotalLiabilitiesShareholdersEquity`	$80.30K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
General administration	`GeneralAndAdministrativeExpense`	$47.54K	USD	1 Quarter
General administration	`GeneralAndAdministrativeExpense`	$647.28K	USD	1 Quarter
Total general & admininstrative expenses	`TotalGeneralAdministrativeExpenses`	$647.28K	USD	1 Quarter
Total general & admininstrative expenses	`TotalGeneralAdministrativeExpenses`	$47.54K	USD	1 Quarter
Net loss from operations	`NetCashProvidedByUsedInOperatingActivities`	$-47.54K	USD	1 Quarter
Net loss from operations	`NetCashProvidedByUsedInOperatingActivities`	$-647.54K	USD	1 Quarter
Interest expense	`InterestExpense`	$-2.70K	USD	1 Quarter
Interest expense	`InterestExpense`	$-23.91K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-671.20K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-50.24K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-50.24K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperations`	$-671.20K	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperations`	$-252.78K	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperations`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-923.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-50.24K	USD	1 Quarter
Loss from continuing operations	`LossFromContinuingOperationsPerCommonShareValue`	-	USD	1 Quarter
Loss from continuing operations	`LossFromContinuingOperationsPerCommonShareValue`	$-0.05	USD	1 Quarter
Loss from discontinued operations	`LossFromDiscontinuedOperationsPerCommonShareValue`	-	USD	1 Quarter
Loss from discontinued operations	`LossFromDiscontinuedOperationsPerCommonShareValue`	-	USD	1 Quarter
Net Loss Per Share	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-0.05	USD	1 Quarter
Net Loss Per Share	`NetIncomeLossAvailableToCommonStockholdersBasic`	-	USD	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossInOperatingActivities`	$-50.24K	USD	1 Quarter
Net loss	`NetIncomeLossInOperatingActivities`	$-923.98K	USD	1 Quarter
Depreciation expense	`DepreciationExpense`	$10.23K	USD	1 Quarter
Depreciation expense	`DepreciationExpense`	$27.70K	USD	1 Quarter
Bad debt expense	`DebtRelatedCommitmentFeesAndDebtIssuanceCosts`	-	USD	1 Quarter
Bad debt expense	`DebtRelatedCommitmentFeesAndDebtIssuanceCosts`	-	USD	1 Quarter
Impairment expense	`ImpairmentExpense`	$10.47K	USD	1 Quarter
Impairment expense	`ImpairmentExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense2`	$8.52K	USD	1 Quarter
Interest expense	`InterestExpense2`	-	USD	1 Quarter
Consulting expense	`ConsultingExpense`	-	USD	1 Quarter
Consulting expense	`ConsultingExpense`	$571.04K	USD	1 Quarter
Marketing & salary expense	`MarketingExpense`	-	USD	1 Quarter
Marketing & salary expense	`MarketingExpense`	-	USD	1 Quarter
Loss on asset disposals	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Loss on asset disposals	`GainLossOnDispositionOfAssets`	$40.70K	USD	1 Quarter
Accounts receivable	`AccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`AccountsReceivable`	$99.68K	USD	1 Quarter
Accounts receivable- related parties	`AccountsReceivableRelatedPartiesAssetsLiabilities`	-	USD	1 Quarter
Accounts receivable- related parties	`AccountsReceivableRelatedPartiesAssetsLiabilities`	$6.33K	USD	1 Quarter
Stock subscriptions receivable	`StockSubscriptionsReceivable`	$4.95K	USD	1 Quarter
Stock subscriptions receivable	`StockSubscriptionsReceivable`	-	USD	1 Quarter
Accounts payable & accrued expenses	`AccountsPayableAccruedExpenses2`	$10.90K	USD	1 Quarter
Accounts payable & accrued expenses	`AccountsPayableAccruedExpenses2`	$59.41K	USD	1 Quarter
Net cash used by operations	`NetCashProvidedByUsedInOperatingActivities2`	$-95.18K	USD	1 Quarter
Net cash used by operations	`NetCashProvidedByUsedInOperatingActivities2`	$-29.11K	USD	1 Quarter
Advances from shareholder	`AdvancesFromShareholders`	$3.75K	USD	1 Quarter
Advances from shareholder	`AdvancesFromShareholders`	$31.79K	USD	1 Quarter
Proceeds from advances & debentures payable	`ProceedsFromAdvancesDebenturesPayable`	$55.56K	USD	1 Quarter
Proceeds from advances & debentures payable	`ProceedsFromAdvancesDebenturesPayable`	$20.70K	USD	1 Quarter
Payment of capital lease	`CapitalLeasesContingentRentalPaymentsReceived`	$-16.67K	USD	1 Quarter
Payment of capital lease	`CapitalLeasesContingentRentalPaymentsReceived`	$-6.29K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$18.16K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$70.68K	USD	1 Quarter
Net increase (decrease) in cash during the period	`NetIncreaseDecreaseDuringPeriod`	$-10.95K	USD	1 Quarter
Net increase (decrease) in cash during the period	`NetIncreaseDecreaseDuringPeriod`	$-24.50K	USD	1 Quarter
Cash balance at July 1st	`Cash`	-	USD	Point-in-time
Cash balance at July 1st	`Cash`	$10.95K	USD	Point-in-time
Cash balance at July 1st	`Cash`	-	USD	Point-in-time
Cash balance at July 1st	`Cash`	$24.50K	USD	Point-in-time
Cash balance at September 30th	`Cash`	-	USD	Point-in-time
Cash balance at September 30th	`Cash`	$10.95K	USD	Point-in-time
Cash balance at September 30th	`Cash`	-	USD	Point-in-time
Cash balance at September 30th	`Cash`	$24.50K	USD	Point-in-time
Interest paid during the period	`InterestPaid`	-	USD	1 Quarter
Interest paid during the period	`InterestPaid`	$15.40K	USD	1 Quarter
Income tax paid during the period	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, amount	`StockholdersEquity`	$-963.08K	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$-649.03K	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$-1.56M	USD	Point-in-time
Beginning Balance, amount	`StockholdersEquity`	$-1.61M	USD	Point-in-time
Issuance of options	`IssuanceOptions`	$571.04K	USD	1 Quarter
Issuance of Convertible Debenture	`IssuanceOfConvertibleDebenture`	$38.90K	USD	1 Quarter
Net loss	`NetIncomeLoss2`	$-50.24K	USD	1 Quarter
Net loss	`NetIncomeLoss2`	$-923.98K	USD	1 Quarter
Ending Balance, amount	`StockholdersEquity`	$-963.08K	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$-649.03K	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$-1.56M	USD	Point-in-time
Ending Balance, amount	`StockholdersEquity`	$-1.61M	USD	Point-in-time

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