10-Q Filing

GLUCOSE HEALTH, INC. CIK: 1420108 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001477932-15-005379`
Period End Date	20150630
Filing Date	20150818
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	gluc-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 60 Cash Flow Statement 50

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`Cash`	$4.24K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Cash	`Cash`	$4.87K	USD	Point-in-time
Inventory, net	`InventoryNet`	$11.65K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventory, net	`InventoryNet`	-	USD	Point-in-time
Due from affiliate	`DueFromAffiliates`	-	USD	Point-in-time
Due from affiliate	`DueFromAffiliates`	$250.00	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.14K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$38.86K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.28K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$43.73K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.11M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.31M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.31M	shares	Point-in-time
Intellectual assets, net	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$300.00	USD	Point-in-time
Intellectual assets, net	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$300.00	USD	Point-in-time
Total assets	`Assets`	$20.58K	USD	Point-in-time
Total assets	`Assets`	$44.03K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$95.10K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$154.66K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$7.75K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$6.08K	USD	Point-in-time
Convertible notes payable, related parties	`ConvertibleNotesPayableCurrent`	$23.93K	USD	Point-in-time
Convertible notes payable, related parties	`ConvertibleNotesPayableCurrent`	$74.07K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayable`	$175.68K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayable`	$138.25K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$350.92K	USD	Point-in-time
Total liabilities	`LiabilitiesCurrent`	$324.58K	USD	Point-in-time
Preferred stock, $ no par value, 1,000 shares authorized, 1,000 and -0- shares issued and outstanding as of June 30, 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 June 30, 2015 and December 31, 2014, respectively	`PreferredStockValue`	$113.20K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 2,112,566 and 1,309,825 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$2.11K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 2,112,566 and 1,309,825 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$1.31K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$5.35M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$5.23M	USD	Point-in-time
Stock subscription	`CommonStockSharesSubscriptions`	$23.00K	USD	Point-in-time
Stock subscription	`CommonStockSharesSubscriptions`	$23.00K	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`	$-5.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.57M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-330.34K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-280.55K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$20.58K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$44.03K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`SalesRevenueGoodsNet`	$552.00	USD	1 Quarter
REVENUE	`SalesRevenueGoodsNet`	$489.00	USD	2 Qtrs
REVENUE	`SalesRevenueGoodsNet`	$577.00	USD	2 Qtrs
REVENUE	`SalesRevenueGoodsNet`	$442.00	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$9.28K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$340.00	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$340.00	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$10.28K	USD	2 Qtrs
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	$340.00	USD	1 Quarter
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	$10.28K	USD	2 Qtrs
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	$9.28K	USD	1 Quarter
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	$340.00	USD	2 Qtrs
GROSS PROFIT/(LOSS)	`GrossProfit`	$-9.79K	USD	2 Qtrs
GROSS PROFIT/(LOSS)	`GrossProfit`	$212.00	USD	1 Quarter
GROSS PROFIT/(LOSS)	`GrossProfit`	$237.00	USD	2 Qtrs
GROSS PROFIT/(LOSS)	`GrossProfit`	$-8.84K	USD	1 Quarter
Professional fees/stock based compensation	`ProfessionalFees`	$97.02K	USD	2 Qtrs
Professional fees/stock based compensation	`ProfessionalFees`	$63.40K	USD	1 Quarter
Professional fees/stock based compensation	`ProfessionalFees`	$94.85K	USD	2 Qtrs
Professional fees/stock based compensation	`ProfessionalFees`	$33.49K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.48K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$13.31K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.09K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.95K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$110.33K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$107.33K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$71.35K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$42.59K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-120.12K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-80.19K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-107.09K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-42.38K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$83.49K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$22.35K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$28.82K	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$28.21K	USD	1 Quarter
Gain on forgiveness of accounts payable	`GainOnForgivenessOfAccountsPayable`	-	USD	2 Qtrs
Gain on forgiveness of accounts payable	`GainOnForgivenessOfAccountsPayable`	$20.57K	USD	1 Quarter
Gain on forgiveness of accounts payable	`GainOnForgivenessOfAccountsPayable`	-	USD	1 Quarter
Gain on forgiveness of accounts payable	`GainOnForgivenessOfAccountsPayable`	$20.57K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-7.64K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-62.92K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-22.35K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-28.82K	USD	2 Qtrs
LOSS BEFORE IMCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-102.54K	USD	1 Quarter
LOSS BEFORE IMCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-170.01K	USD	2 Qtrs
LOSS BEFORE IMCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-148.94K	USD	2 Qtrs
LOSS BEFORE IMCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-50.02K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-50.02K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-170.01K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-148.94K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-102.54K	USD	1 Quarter
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.34	USD	2 Qtrs
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.22	USD	1 Quarter
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.10	USD	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED	`WeightedAverageNumberOfSharesOutstandingBasic`	435,609.00	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED	`WeightedAverageNumberOfSharesOutstandingBasic`	1.94M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED	`WeightedAverageNumberOfSharesOutstandingBasic`	470,771.00	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED	`WeightedAverageNumberOfSharesOutstandingBasic`	1.72M	shares	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-50.02K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-170.01K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-148.94K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-102.54K	USD	1 Quarter
Inventory write down	`InventoryWriteDown`	$7.94K	USD	2 Qtrs
Inventory write down	`InventoryWriteDown`	-	USD	2 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$41.11K	USD	2 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$7.79K	USD	2 Qtrs
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$150.73K	USD	2 Qtrs
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Gain on forgiveness of accounts payable	`GainOnForgivenessOfAccountsPayable`	-	USD	2 Qtrs
Gain on forgiveness of accounts payable	`GainOnForgivenessOfAccountsPayable`	$20.57K	USD	1 Quarter
Gain on forgiveness of accounts payable	`GainOnForgivenessOfAccountsPayable`	-	USD	1 Quarter
Gain on forgiveness of accounts payable	`GainOnForgivenessOfAccountsPayable`	$20.57K	USD	2 Qtrs
Beneficial conversion feature of notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	$-25.60K	USD	2 Qtrs
Beneficial conversion feature of notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	2 Qtrs
Advance to affiliate	`IncreaseDecreaseInAdvanceToAffiliate`	$-250.00	USD	2 Qtrs
Advance to affiliate	`IncreaseDecreaseInAdvanceToAffiliate`	-	USD	2 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$11.65K	USD	2 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-1.78K	USD	2 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-34.72K	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-17.39K	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.24K	USD	2 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$143.38K	USD	2 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$91.67K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-57.27K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-26.63K	USD	2 Qtrs
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	$57.00K	USD	2 Qtrs
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	$26.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$57.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$26.00K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-634.00	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-269.00	USD	2 Qtrs
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`	$442.00	USD	Point-in-time
CASH - END OF PERIOD	`CashEquivalentsAtCarryingValue`	$4.24K	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid during the period for: Interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Beneficial conversion feature	`BeneficialConversionFeature`	-	USD	2 Qtrs
Beneficial conversion feature	`BeneficialConversionFeature`	$86.30K	USD	2 Qtrs
Conversion of notes payable and accrued interest to common stock	`DebtConversionConvertedInstrumentAmount1`	$30.00K	USD	2 Qtrs
Conversion of notes payable and accrued interest to common stock	`DebtConversionConvertedInstrumentAmount1`	$2.62K	USD	2 Qtrs
Cancellation for 600,000 shares of common stock to settle liabilities	`CancellationFor600000SharesOfCommonStockToSettleLiabilities`	-	shares	2 Qtrs
Cancellation for 600,000 shares of common stock to settle liabilities	`CancellationFor600000SharesOfCommonStockToSettleLiabilities`	21,000.00	shares	2 Qtrs
Conversion of liability to common stock	`StockIssued1`	-	USD	2 Qtrs
Conversion of liability to common stock	`StockIssued1`	$4.32K	USD	2 Qtrs

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