10-Q Filing

GLUCOSE HEALTH, INC. CIK: 1420108 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001477932-15-003358`
Period End Date	20150331
Filing Date	20150519
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	gluc-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 30 Cash Flow Statement 36

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Intellectual assets, net of accumulated amortization	`IntellectualAssetsNetOfAccumulatedAmortization`	-	USD	Point-in-time
Intellectual assets, net of accumulated amortization	`IntellectualAssetsNetOfAccumulatedAmortization`	-	USD	Point-in-time
Cash	`Cash`	$3.04K	USD	Point-in-time
Cash	`Cash`	$4.87K	USD	Point-in-time
Inventory	`InventoryNet`	$12.50K	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Due from affiliate	`DueFromAffiliates`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Due from affiliate	`DueFromAffiliates`	$250.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$38.86K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$21.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.73K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$37.29K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	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
Intellectual assets, net of accumulated amortization of $0 and $0, respectively	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$300.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Intellectual assets, net of accumulated amortization of $0 and $0, respectively	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$300.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.78M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$37.59K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.31M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$44.03K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.31M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.78M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$154.66K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$139.62K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$7.75K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$7.82K	USD	Point-in-time
Note payable, related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Note payable, related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Convertible notes payable, related parties	`ConvertibleNotesPayableCurrent`	$50.69K	USD	Point-in-time
Convertible notes payable, related parties	`ConvertibleNotesPayableCurrent`	$23.93K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayable`	$171.71K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayable`	$138.25K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$324.58K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$369.85K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$324.58K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$369.85K	USD	Point-in-time
Preferred stock, $ no par value, 1,000 shares authorized, 1,000 and -0- shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively	`PreferredStockValue`	$113.20K	USD	Point-in-time
Preferred stock, $ no par value, 1,000 shares authorized, 1,000 and -0- shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively	`PreferredStockValue`	$113.20K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 1,778,081 and 1,309,825 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively (1)	`CommonStockValue`	$1.31K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 1,778,081 and 1,309,825 shares issued and outstanding as of March 31, 2015 and December 31, 2014, respectively (1)	`CommonStockValue`	$1.78K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$5.23M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$5.30M	USD	Point-in-time
Stock subscription	`CommonStockSharesSubscriptions`	$23.00K	USD	Point-in-time
Stock subscription	`CommonStockSharesSubscriptions`	$23.00K	USD	Point-in-time
Deferred Compensation	`DeferredCompensationLiabilityCurrent`	-	USD	Point-in-time
Deferred Compensation	`DeferredCompensationLiabilityCurrent`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-75.28K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-75.28K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.57M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-332.26K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-280.55K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$37.59K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$44.03K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`SalesRevenueGoodsNet`	$47.00	USD	1 Quarter
REVENUE	`SalesRevenueGoodsNet`	$25.00	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$1.00K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	$1.00K	USD	1 Quarter
GROSS INCOME/(LOSS)	`GrossProfit`	$25.00	USD	1 Quarter
GROSS INCOME/(LOSS)	`GrossProfit`	$-953.00	USD	1 Quarter
Professional	`ProfessionalFees`	$61.36K	USD	1 Quarter
Professional	`ProfessionalFees`	$33.62K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.36K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.38K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$38.98K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$64.74K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-39.93K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-64.72K	USD	1 Quarter
Interest income (expense)	`InterestExpense`	$55.28K	USD	1 Quarter
Interest income (expense)	`InterestExpense`	$6.47K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-55.28K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-6.47K	USD	1 Quarter
LOSS BEFORE IMCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-46.41K	USD	1 Quarter
LOSS BEFORE IMCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-120.00K	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-120.00K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-46.41K	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED (2)	`WeightedAverageNumberOfSharesOutstandingBasic`	557,732.00	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED (2)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.56M	shares	1 Quarter
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-120.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-46.41K	USD	1 Quarter
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$17.37K	USD	1 Quarter
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$6.00K	USD	1 Quarter
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$39.85K	USD	1 Quarter
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Beneficial conversion feature of notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	1 Quarter
Beneficial conversion feature of notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	$-5.67K	USD	1 Quarter
(Increase) decrease in loans and advances	`IncreaseDecreaseInLoansAndAdvances`	-	USD	1 Quarter
(Increase) decrease in loans and advances	`IncreaseDecreaseInLoansAndAdvances`	$-250.00	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$12.50K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-1.20K	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-17.36K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$387.00	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$21.45K	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$45.69K	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$50.85K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-711.00	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-69.15K	USD	1 Quarter
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	$67.31K	USD	1 Quarter
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$67.31K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.83K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-711.00	USD	1 Quarter
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.87K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$711.00	USD	Point-in-time
CASH - END OF PERIOD	`CashEquivalentsAtCarryingValue`	$3.04K	USD	Point-in-time
CASH - END OF PERIOD	`CashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Conversion of notes payable and accrued interest to common stock	`DebtConversionConvertedInstrumentAmount1`	$30.00K	USD	1 Quarter
Conversion of notes payable and accrued interest to common stock	`DebtConversionConvertedInstrumentAmount1`	$1.75K	USD	1 Quarter
Cancellation for 600,000 shares of common stock to settle liabilities	`CancellationFor600000SharesOfCommonStockToSettleLiabilities`	21,000.00	shares	1 Quarter
Cancellation for 600,000 shares of common stock to settle liabilities	`CancellationFor600000SharesOfCommonStockToSettleLiabilities`	0.00	shares	1 Quarter
Conversion of liability to common stock	`StockIssued1`	-	USD	1 Quarter
Conversion of liability to common stock	`StockIssued1`	$4.32K	USD	1 Quarter

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