10-Q Filing

NOVO INTEGRATED SCIENCES, INC. CIK: 1138978 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001477932-16-009979`
Period End Date	20160331
Filing Date	20160429
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	tteg-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 14 Cash Flow Statement 48

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Convertible Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Convertible Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$14.12K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.83K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$33.50K	USD	Point-in-time
Convertible Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.72K	USD	Point-in-time
Convertible Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$33.50K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.12K	USD	Point-in-time
Convertible Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Convertible Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Convertible Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Convertible Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Intangible asset	`IntangibleAssetsCurrent`	$13.75K	USD	Point-in-time
Intangible asset	`IntangibleAssetsCurrent`	$13.75K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$47.25K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$27.87K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	499.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	499.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.31M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.06M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.06M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.12K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.81K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.31M	shares	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$26.81K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$13.12K	USD	Point-in-time
Convertible Preferred Stock; $0.001 par value; 1,000,000 shares authorized; 0 (2016) and 0 (2015) shares issued and outstanding	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Convertible Preferred Stock; $0.001 par value; 1,000,000 shares authorized; 0 (2016) and 0 (2015) shares issued and outstanding	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock; $0.001 par value; 499,000,000 shares authorized; 22,308,425 (2016) and 22,058,425 (2015) shares issued and outstanding	`CommonStockValueOutstanding`	$22.31K	USD	Point-in-time
Common stock; $0.001 par value; 499,000,000 shares authorized; 22,308,425 (2016) and 22,058,425 (2015) shares issued and outstanding	`CommonStockValueOutstanding`	$22.06K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$22.22M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$22.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.29M	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`StockholdersEquity`	$14.75K	USD	Point-in-time
Total Stockholder's Equity (Deficit)	`StockholdersEquity`	$20.44K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$27.87K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$47.25K	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OtherCostAndExpenseOperating`	$68.06K	USD	1 Quarter
Operating costs	`OtherCostAndExpenseOperating`	$45.43K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$68.06K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$45.43K	USD	1 Quarter
Interest and other expenses, net	`InterestExpense`	-	USD	1 Quarter
Interest and other expenses, net	`InterestExpense`	$2.31M	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingExpense`	-	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingExpense`	$2.31M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.36M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-68.06K	USD	1 Quarter
NET (LOSS) PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	1 Quarter
NET (LOSS) PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.06M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.72M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Conversion of convertible debt to equity (in shares)	`DebtConversionConvertedInstrumentSharesOutstanding`	2.37M	shares	1 Quarter
Accrued interest	`DebtInstrumentIncreaseAccruedInterest`	$69.08K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-68.06K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$33.75K	USD	1 Quarter
Amortization of deferred offering costs	`AmortizationOfDeferredOfferingCosts`	-	USD	1 Quarter
Amortization of deferred offering costs	`AmortizationOfDeferredOfferingCosts`	$2.38M	USD	1 Quarter
Depreciation	`Depreciation`	$769.00	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Gain on foreign currency transaction adjustment	`ForeignCurrencyTransactionGainLossRealized`	$-88.79K	USD	1 Quarter
Gain on foreign currency transaction adjustment	`ForeignCurrencyTransactionGainLossRealized`	-	USD	1 Quarter
Gain on relief of notes payable	`GainOnReliefOfNotesPayable`	-	USD	1 Quarter
Gain on relief of notes payable	`GainOnReliefOfNotesPayable`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$18.70K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.69K	USD	1 Quarter
Accrued payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	1 Quarter
Accrued payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-68.00	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$24.06K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-20.62K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-26.04K	USD	1 Quarter
Purchase of intangible asset	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Purchase of intangible asset	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$40.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$15.00K	USD	1 Quarter
Proceeds from issuance of notes payable, related party	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from issuance of notes payable, related party	`ProceedsFromConvertibleDebt`	$17.92K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$40.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$32.92K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.38K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.89K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.12K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.83K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.50K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.72K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.12K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.83K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$33.50K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.72K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	-	USD	1 Quarter
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$38.96K	USD	1 Quarter
Common stock issued for conversion of debt and accrued interest to equity (2,369,675 shares) includes $69,075 of accrued interest	`CommonStockIssuedForConversionOfDebtAndAccruedInterestToEquity2369675SharesIncludes69075OfAccruedInterest`	$568.66K	USD	1 Quarter
Common stock issued for conversion of debt and accrued interest to equity (2,369,675 shares) includes $69,075 of accrued interest	`CommonStockIssuedForConversionOfDebtAndAccruedInterestToEquity2369675SharesIncludes69075OfAccruedInterest`	-	USD	1 Quarter

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