10-Q Filing

VAPOR GROUP, INC. CIK: 1315718 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001477932-14-004656`
Period End Date	20140630
Filing Date	20140819
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	vpor-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 60 Cash Flow Statement 54

Balance Sheet 68 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`	$48.18K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$382.51K	USD	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	1.25M	shares	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	1.00M	shares	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
Accounts receivable	`AccountsReceivableNetCurrent`	$637.39K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$104.86K	USD	Point-in-time
Common stock, Par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Loan to shareholder	`NotesAndLoansReceivableNetCurrent`	$337.11K	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
Common stock, Shares authorised	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Inventory	`InventoryNet`	$149.73K	USD	Point-in-time
Common stock, Shares authorised	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Inventory	`InventoryNet`	$867.01K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$358.48K	USD	Point-in-time
Common stock, Shares issued	`CommonStockSharesIssued`	270.02M	shares	Point-in-time
Common stock, Shares issued	`CommonStockSharesIssued`	343.54M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$763.81K	USD	Point-in-time
Common stock, Shares outstanding	`CommonStockSharesOutstanding`	270.02M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.99M	USD	Point-in-time
Common stock, Shares outstanding	`CommonStockSharesOutstanding`	343.54M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$944.12K	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$16.05K	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$14.37K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$975.00	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Deferred expenses	`DeferredCosts`	$87.90K	USD	Point-in-time
Deferred expenses	`DeferredCosts`	-	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrentNet`	-	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrentNet`	$88.87K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$118.21K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$88.38K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$137.46K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$115.54K	USD	Point-in-time
Payroll tax liability	`PayrollTaxLiabilityCurrent`	$31.15K	USD	Point-in-time
Payroll tax liability	`PayrollTaxLiabilityCurrent`	-	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$319.53K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$2.64M	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$437.91K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$220.96K	USD	Point-in-time
Sales tax payable	`TaxesPayableCurrent`	$9.21K	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`	$3.28M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$855.01K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.28M	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 June 30, 2014 and December 31, 2013, respectively	`PreferredStockValue`	$1.25K	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 June 30, 2014 and December 31, 2013, respectively	`PreferredStockValue`	$1.00K	USD	Point-in-time
Common stock, $0.001 par value, 2,000,000,000 shares authorized, 343,536,386 and 270,020,145 issued and outstanding at June 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$343.54K	USD	Point-in-time
Common stock, $0.001 par value, 2,000,000,000 shares authorized, 343,536,386 and 270,020,145 issued and outstanding at June 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$270.02K	USD	Point-in-time
Adiditional Paid-in-Capital	`AdditionalPaidInCapital`	$109.96K	USD	Point-in-time
Adiditional Paid-in-Capital	`AdditionalPaidInCapital`	$-208.78K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-186.94K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-410.74K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$-274.74K	USD	Point-in-time
TOTAL STOCKHOLDERS' DEFICIT	`StockholdersEquity`	$194.04K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$3.00M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.05M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
NET REVENUES	`Revenues`	$1.03M	USD	1 Quarter
NET REVENUES	`Revenues`	$94.73K	USD	1 Quarter
NET REVENUES	`Revenues`	$1.99M	USD	2 Qtrs
NET REVENUES	`Revenues`	$94.73K	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	-	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	$837.70K	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	-	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$517.09K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$94.73K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$1.15M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$94.73K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$508.27K	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$14.26K	USD	2 Qtrs
Advertising and promotion	`AdvertisingExpense`	$4.26K	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$194.05K	USD	1 Quarter
Advertising and promotion	`AdvertisingExpense`	$439.37K	USD	2 Qtrs
Commissions	`CommissionExpenses`	-	USD	2 Qtrs
Commissions	`CommissionExpenses`	-	USD	1 Quarter
Commissions	`CommissionExpenses`	$448.29K	USD	2 Qtrs
Commissions	`CommissionExpenses`	$197.99K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$35.54K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$3.24K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$3.24K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$80.47K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$277.48K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$48.61K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$47.70K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$628.27K	USD	2 Qtrs
Total cost and expenses	`OperatingExpenses`	$1.60M	USD	2 Qtrs
Total cost and expenses	`OperatingExpenses`	$705.06K	USD	1 Quarter
Total cost and expenses	`OperatingExpenses`	$66.11K	USD	2 Qtrs
Total cost and expenses	`OperatingExpenses`	$55.20K	USD	1 Quarter
(Loss) from continuing operations	`OperatingIncomeLoss`	$28.61K	USD	2 Qtrs
(Loss) from continuing operations	`OperatingIncomeLoss`	$39.53K	USD	1 Quarter
(Loss) from continuing operations	`OperatingIncomeLoss`	$-196.79K	USD	1 Quarter
(Loss) from continuing operations	`OperatingIncomeLoss`	$-442.32K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Other Income	`OtherNonoperatingIncome`	$99.06K	USD	2 Qtrs
Other Income	`OtherNonoperatingIncome`	$95.15K	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	$64.46K	USD	2 Qtrs
Other Income	`OtherNonoperatingIncome`	$56.33K	USD	1 Quarter
Total other income and (expense)	`NonoperatingIncomeExpense`	$99.06K	USD	2 Qtrs
Total other income and (expense)	`NonoperatingIncomeExpense`	$95.15K	USD	1 Quarter
Total other income and (expense)	`NonoperatingIncomeExpense`	$64.46K	USD	2 Qtrs
Total other income and (expense)	`NonoperatingIncomeExpense`	$56.33K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-377.86K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$127.68K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-140.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$134.68K	USD	1 Quarter
Earnings (loss) per share - Basic	`EarningsPerShareBasic`	$1.35K	USD	1 Quarter
Earnings (loss) per share - Basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Earnings (loss) per share - Basic	`EarningsPerShareBasic`	$1.28K	USD	2 Qtrs
Earnings (loss) per share - Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	306.78M	shares	2 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	100.00	shares	2 Qtrs
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	338.96M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	100.00	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-377.86K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$127.68K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-140.47K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$134.68K	USD	1 Quarter
Depreciation	`DepreciationAndAmortization`	$1.68K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	-	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$188.16K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-717.28K	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-532.53K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-201.79K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-405.33K	USD	2 Qtrs
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$-77.92K	USD	2 Qtrs
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$118.23K	USD	2 Qtrs
Deferred expenses	`IncreaseDecreaseInDeferredCharges`	$87.90K	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$115.54K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$19.08K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-11.93K	USD	2 Qtrs
Payroll liabilitiy	`IncreaseDecreaseInOtherCurrentLiabilities`	$31.15K	USD	2 Qtrs
Payroll liabilitiy	`IncreaseDecreaseInOtherCurrentLiabilities`	-	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$24.21K	USD	2 Qtrs
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-1.66M	USD	2 Qtrs
Payments for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Payments for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$59.94K	USD	2 Qtrs
Payments for intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Net cash provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-59.94K	USD	2 Qtrs
Loan to shareholder	`LoanToShareholder`	$54.24K	USD	2 Qtrs
Loan to shareholder	`LoanToShareholder`	$14.31K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$2.32M	USD	2 Qtrs
Proceeds from loans payable	`ProceedsFromNotesPayable`	$26.28K	USD	2 Qtrs
Proceeds from loans payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Payment of loans	`PaymentsForLoans`	-	USD	2 Qtrs
Payment of loans	`PaymentsForLoans`	$216.95K	USD	2 Qtrs
Net cash used in provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.05M	USD	2 Qtrs
Net cash used in provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.97K	USD	2 Qtrs
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashPeriodIncreaseDecrease`	$36.18K	USD	2 Qtrs
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashPeriodIncreaseDecrease`	$334.34K	USD	2 Qtrs
CASH - BEGINNING OF YEAR	`Cash`	$48.18K	USD	Point-in-time
CASH - BEGINNING OF YEAR	`Cash`	$7.03K	USD	Point-in-time
CASH - BEGINNING OF YEAR	`Cash`	$43.20K	USD	Point-in-time
CASH - BEGINNING OF YEAR	`Cash`	$382.51K	USD	Point-in-time
CASH - END OF YEAR	`Cash`	$48.18K	USD	Point-in-time
CASH - END OF YEAR	`Cash`	$7.03K	USD	Point-in-time
CASH - END OF YEAR	`Cash`	$43.20K	USD	Point-in-time
CASH - END OF YEAR	`Cash`	$382.51K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs

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