10-Q Filing

VAPOR GROUP, INC. CIK: 1315718 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001477932-14-002758`
Period End Date	20140331
Filing Date	20140520
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	vpor-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 32 Cash Flow Statement 53

Balance Sheet 70 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 authorised	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Preferred stock, Shares authorised	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$61.31K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$48.18K	USD	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	1.00M	shares	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	1.25M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$104.86K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$145.26K	USD	Point-in-time
Preferred stock, Shares outstanding	`PreferredStockSharesOutstanding`	1.00M	shares	Point-in-time
Preferred stock, Shares outstanding	`PreferredStockSharesOutstanding`	1.25M	shares	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
Loan to shareholder	`NotesAndLoansReceivableNetCurrent`	$282.87K	USD	Point-in-time
Loan to shareholder	`NotesAndLoansReceivableNetCurrent`	$133.19K	USD	Point-in-time
Common stock, Shares authorised	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Inventory	`InventoryNet`	$149.73K	USD	Point-in-time
Inventory	`InventoryNet`	$172.29K	USD	Point-in-time
Common stock, Shares authorised	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Other	`OtherAssetsCurrent`	$358.48K	USD	Point-in-time
Common stock, Shares issued	`CommonStockSharesIssued`	270.02M	shares	Point-in-time
Common stock, Shares issued	`CommonStockSharesIssued`	334.38M	shares	Point-in-time
Other	`OtherAssetsCurrent`	$767.13K	USD	Point-in-time
Common stock, Shares outstanding	`CommonStockSharesOutstanding`	270.02M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.28M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$944.12K	USD	Point-in-time
Common stock, Shares outstanding	`CommonStockSharesOutstanding`	334.38M	shares	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$36.95K	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$16.05K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.30K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$975.00	USD	Point-in-time
Deferred expenses	`DeferredCosts`	$87.90K	USD	Point-in-time
Deferred expenses	`DeferredCosts`	$44.34K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrentNet`	$45.64K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrentNet`	$88.87K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.36M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$244.81K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$88.38K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$105.27K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$143.16K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Payroll tax liability	`PayrollTaxLiabilityCurrent`	-	USD	Point-in-time
Payroll tax liability	`PayrollTaxLiabilityCurrent`	$3.69K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$889.62K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$319.53K	USD	Point-in-time
Loans payable related party	`LoansPayableRelatedPartyCurrent`	$14.00K	USD	Point-in-time
Loans payable related party	`LoansPayableRelatedPartyCurrent`	-	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$437.91K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$180.59K	USD	Point-in-time
Sales tax payable	`TaxesPayableCurrent`	$9.20K	USD	Point-in-time
Sales tax payable	`TaxesPayableCurrent`	$9.20K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$855.01K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.59M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.59M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$855.01K	USD	Point-in-time
Preferred stock, $0.001 par value, 15,000,000 shares authorized, 1,250,000 and 1,000,000 issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`PreferredStockValue`	$1.00K	USD	Point-in-time
Preferred stock, $0.001 par value, 15,000,000 shares authorized, 1,250,000 and 1,000,000 issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`PreferredStockValue`	$1.25K	USD	Point-in-time
Common stock, $0.001 par value, 2,000,000,000 shares authorized, 334,381,399 and 270,020,145 issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$270.02K	USD	Point-in-time
Common stock, $0.001 par value, 2,000,000,000 shares authorized, 334,381,399 and 270,020,145 issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$334.38K	USD	Point-in-time
Adiditional Paid-in-Capital	`AdditionalPaidInCapital`	$-326.81K	USD	Point-in-time
Adiditional Paid-in-Capital	`AdditionalPaidInCapital`	$109.96K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-237.39K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-186.94K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$194.04K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-228.57K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.05M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.36M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
NET REVENUES	`Revenues`	-	USD	1 Quarter
NET REVENUES	`Revenues`	$966.41K	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	-	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$320.61K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$645.81K	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$245.32K	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$10.00K	USD	1 Quarter
Commissions	`CommissionExpenses`	$250.30K	USD	1 Quarter
Commissions	`CommissionExpenses`	-	USD	1 Quarter
Officers Compensation	`OfficersCompensation`	-	USD	1 Quarter
Officers Compensation	`OfficersCompensation`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$44.93K	USD	1 Quarter
Professional fees	`ProfessionalFees`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$916.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$350.79K	USD	1 Quarter
Total cost and expenses	`OperatingExpenses`	$891.33K	USD	1 Quarter
Total cost and expenses	`OperatingExpenses`	$10.92K	USD	1 Quarter
(Loss) from continuing operations	`OperatingIncomeLoss`	$-245.53K	USD	1 Quarter
(Loss) from continuing operations	`OperatingIncomeLoss`	$-10.92K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	$3.92K	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	$8.13K	USD	1 Quarter
Total other income and (expense)	`NonoperatingIncomeExpense`	$3.92K	USD	1 Quarter
Total other income and (expense)	`NonoperatingIncomeExpense`	$8.13K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-237.39K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-7.00K	USD	1 Quarter
Earnings (loss) per share - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Earnings (loss) per share - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	100.00	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	50,451.00	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$-237.39K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-7.00K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	-	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.58K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$190.39K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-22.56K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-40.40K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-19.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-408.65K	USD	1 Quarter
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$-77.92K	USD	1 Quarter
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$244.81K	USD	1 Quarter
Deferred expenses	`IncreaseDecreaseInDeferredCharges`	$43.56K	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$143.16K	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$16.90K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-11.93K	USD	1 Quarter
Payroll liabilitiy	`IncreaseDecreaseInOtherCurrentLiabilities`	-	USD	1 Quarter
Payroll liabilitiy	`IncreaseDecreaseInOtherCurrentLiabilities`	$3.69K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$74.54K	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-255.30K	USD	1 Quarter
Payments for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.48K	USD	1 Quarter
Payments for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Payments for intangible assets	`PaymentsToAcquireIntangibleAssets`	$325.00	USD	1 Quarter
Net cash provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.81K	USD	1 Quarter
Loan to shareholder	`LoanToShareholder`	$437.91K	USD	1 Quarter
Loan to shareholder	`LoanToShareholder`	$-30.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$606.62K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from loans payable	`ProceedsFromNotesPayable`	$163.69K	USD	1 Quarter
Payment of loans	`PaymentsForLoans`	$102.73K	USD	1 Quarter
Payment of loans	`PaymentsForLoans`	-	USD	1 Quarter
Net Cash Provided by Financing	`NetCashProvidedByUsedInFinancingActivities`	$-72.72K	USD	1 Quarter
Net Cash Provided by Financing	`NetCashProvidedByUsedInFinancingActivities`	$332.40K	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashPeriodIncreaseDecrease`	$1.82K	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashPeriodIncreaseDecrease`	$54.29K	USD	1 Quarter
CASH - BEGINNING OF YEAR	`Cash`	$61.31K	USD	Point-in-time
CASH - BEGINNING OF YEAR	`Cash`	$1.82K	USD	Point-in-time
CASH - BEGINNING OF YEAR	`Cash`	$7.03K	USD	Point-in-time
CASH - BEGINNING OF YEAR	`Cash`	-	USD	Point-in-time
CASH - END OF YEAR	`Cash`	$61.31K	USD	Point-in-time
CASH - END OF YEAR	`Cash`	$1.82K	USD	Point-in-time
CASH - END OF YEAR	`Cash`	$7.03K	USD	Point-in-time
CASH - END OF YEAR	`Cash`	-	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Stock issued for payment of debt	`StockIssuedForPaymentOfDebt`	-	USD	1 Quarter
Stock issued for payment of debt	`StockIssuedForPaymentOfDebt`	-	USD	1 Quarter

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