10-Q Filing

GLUCOSE HEALTH, INC. CIK: 1420108 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001477932-16-010562`
Period End Date	20160331
Filing Date	20160523
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	gluc-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 32 Cash Flow Statement 38

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`	$1.95K	USD	Point-in-time
Cash	`Cash`	$2.06K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$3.15K	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$3.15K	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventory	`InventoryNet`	$8.31K	USD	Point-in-time
Inventory	`InventoryNet`	$8.37K	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Due from affiliate	`DueFromAffiliates`	$250.00	USD	Point-in-time
Due from affiliate	`DueFromAffiliates`	$250.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$37.68K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.28K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.11K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$51.33K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	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
Intellectual assets, net of accumulated amortization of $0 and $0, respectively	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$300.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.54M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.45M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$15.41K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.54M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$51.63K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.45M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$94.92K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$94.92K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$6.08K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$6.08K	USD	Point-in-time
Convertible notes payable, related parties	`ConvertibleNotesPayableCurrent`	$100.83K	USD	Point-in-time
Convertible notes payable, related parties	`ConvertibleNotesPayableCurrent`	$147.48K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayable`	$201.40K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayable`	$206.29K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$454.76K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$403.23K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$454.76K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$403.23K	USD	Point-in-time
COMMITMENT AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENT AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $ no par value, 1,000 shares authorized, 1,000 shares issued and outstanding as of March 31, 2016 and December 31, 2015	`PreferredStockValue`	$113.20K	USD	Point-in-time
Preferred stock, $ no par value, 1,000 shares authorized, 1,000 shares issued and outstanding as of March 31, 2016 and December 31, 2015	`PreferredStockValue`	$113.20K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 2,541,982 and 2,451,888 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively (1)	`CommonStockValue`	$2.54K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 2,541,982 and 2,451,888 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively (1)	`CommonStockValue`	$2.45K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$5.39M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$5.40M	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`	$-5.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.87M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-387.82K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-403.13K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$51.63K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$15.41K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`SalesRevenueGoodsNet`	$120.00	USD	1 Quarter
REVENUE	`SalesRevenueGoodsNet`	$25.00	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$60.00	USD	1 Quarter
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	$60.00	USD	1 Quarter
GROSS PROFIT/(LOSS)	`GrossProfit`	$60.00	USD	1 Quarter
GROSS PROFIT/(LOSS)	`GrossProfit`	$25.00	USD	1 Quarter
Professional fees/stock based compensation	`ProfessionalFees`	$61.36K	USD	1 Quarter
Professional fees/stock based compensation	`ProfessionalFees`	$9.42K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.92K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.38K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$64.74K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$12.34K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-12.28K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-64.72K	USD	1 Quarter
Interest income (expense)	`InterestExpense`	$16.99K	USD	1 Quarter
Interest income (expense)	`InterestExpense`	$55.28K	USD	1 Quarter
Gain on forgiveness of accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Gain on forgiveness of accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-16.99K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-55.28K	USD	1 Quarter
LOSS BEFORE IMCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-29.26K	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`	$-29.26K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-120.00K	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING BASIC AND DILUTED (2)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.56M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING BASIC AND DILUTED (2)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.50M	shares	1 Quarter
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-29.26K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-120.00K	USD	1 Quarter
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	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`	$6.88K	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$250.00	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-60.00	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$12.50K	USD	1 Quarter
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-17.36K	USD	1 Quarter
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$36.39K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$387.00	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.11K	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-19.35K	USD	1 Quarter
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$50.85K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-48.61K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-69.15K	USD	1 Quarter
Increase in due from affilliate	`IncreaseDecreaseInAdvanceToAffiliate`	-	USD	1 Quarter
Increase in due from affilliate	`IncreaseDecreaseInAdvanceToAffiliate`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	$67.31K	USD	1 Quarter
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	$48.50K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$67.31K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$48.50K	USD	1 Quarter
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-109.00	USD	1 Quarter
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.83K	USD	1 Quarter
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.87K	USD	Point-in-time
CASH - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.06K	USD	Point-in-time
CASH - END OF PERIOD	`CashEquivalentsAtCarryingValue`	$1.95K	USD	Point-in-time
CASH - END OF PERIOD	`CashEquivalentsAtCarryingValue`	$3.04K	USD	Point-in-time
Beneficial conversion feature	`BeneficialConversionFeature`	-	USD	1 Quarter
Beneficial conversion feature	`BeneficialConversionFeature`	$13.50K	USD	1 Quarter
Conversion of notes payable and accrued interest to common stock	`DebtConversionConvertedInstrumentAmount1`	$1.75K	USD	1 Quarter
Conversion of notes payable and accrued interest to common stock	`DebtConversionConvertedInstrumentAmount1`	$451.00	USD	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.