10-Q Filing

NOVO INTEGRATED SCIENCES, INC. CIK: 1138978 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001477932-16-011487`
Period End Date	20160630
Filing Date	20160722
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	tteg-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 28 Cash Flow Statement 58

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
Convertible Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.27K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$17.46K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$14.12K	USD	Point-in-time
Convertible Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.83K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$17.46K	USD	Point-in-time
Convertible Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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 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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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
TOTAL ASSETS	`Assets`	$31.21K	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`	22.46M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.06M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.12K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.06M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.39K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	22.46M	shares	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$13.12K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.39K	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; 22,462,175 (2016) and 22,058,425 (2015) shares issued and outstanding	`CommonStockValueOutstanding`	$22.06K	USD	Point-in-time
Common stock; $0.001 par value; 499,000,000 shares authorized; 22,462,175 (2016) and 22,058,425 (2015) shares issued and outstanding	`CommonStockValueOutstanding`	$22.46K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$22.22M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$22.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-22.22M	USD	Point-in-time
Total Stockholder's Equity	`StockholdersEquity`	$14.75K	USD	Point-in-time
Total Stockholder's Equity	`StockholdersEquity`	$21.82K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	`LiabilitiesAndStockholdersEquity`	$27.87K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	`LiabilitiesAndStockholdersEquity`	$31.21K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OtherCostAndExpenseOperating`	$356.32K	USD	1 Quarter
Operating costs	`OtherCostAndExpenseOperating`	$401.75K	USD	2 Qtrs
Operating costs	`OtherCostAndExpenseOperating`	$17.05K	USD	1 Quarter
Operating costs	`OtherCostAndExpenseOperating`	$85.11K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$17.05K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$401.75K	USD	2 Qtrs
Total operating costs and expenses	`OperatingCostsAndExpenses`	$356.32K	USD	1 Quarter
Total operating costs and expenses	`OperatingCostsAndExpenses`	$85.11K	USD	2 Qtrs
Interest and other expenses, net	`InterestExpense`	-	USD	2 Qtrs
Interest and other expenses, net	`InterestExpense`	$6.00K	USD	1 Quarter
Interest and other expenses, net	`InterestExpense`	-	USD	1 Quarter
Interest and other expenses, net	`InterestExpense`	$2.32M	USD	2 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingExpense`	$6.00K	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingExpense`	-	USD	1 Quarter
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingExpense`	$2.32M	USD	2 Qtrs
TOTAL OTHER (INCOME) EXPENSE	`OtherNonoperatingExpense`	-	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-2.72M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-85.11K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-362.32K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-17.05K	USD	1 Quarter
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	2 Qtrs
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
NET LOSS PER COMMON SHARE, BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.21M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.90M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.07M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING, BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.35M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Conversion of convertible debt to equity (in shares)	`DebtConversionConvertedInstrumentSharesOutstanding`	2.37M	shares	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.72M	USD	2 Qtrs
Accrued interest	`DebtInstrumentIncreaseAccruedInterest`	$69.08K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-85.11K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-362.32K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-17.05K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$22.18K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$313.60K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$313.60K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$4.07K	USD	1 Quarter
Common stock issued for services and amortization of common stock issued for services	`CommonStockIssuedForServicesAndAmortizationOfCommonStockIssuedForServices`	-	USD	2 Qtrs
Common stock issued for services and amortization of common stock issued for services	`CommonStockIssuedForServicesAndAmortizationOfCommonStockIssuedForServices`	$2.50K	USD	2 Qtrs
Amortization of deferred offering costs	`AmortizationOfDeferredOfferingCosts`	$2.38M	USD	2 Qtrs
Amortization of deferred offering costs	`AmortizationOfDeferredOfferingCosts`	-	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Depreciation	`Depreciation`	$1.01K	USD	2 Qtrs
Loss on disposal of fixed asset	`LossOnDisposalOfFixedAsset`	$6.00K	USD	2 Qtrs
Loss on disposal of fixed asset	`LossOnDisposalOfFixedAsset`	-	USD	2 Qtrs
Gain on foreign currency transaction adjustment	`ForeignCurrencyTransactionGainLossRealized`	$-88.79K	USD	2 Qtrs
Gain on foreign currency transaction adjustment	`ForeignCurrencyTransactionGainLossRealized`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-26.77K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.73K	USD	2 Qtrs
Accrued payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	2 Qtrs
Accrued payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-68.00	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$24.05K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-111.48K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-66.66K	USD	2 Qtrs
Purchase of intangible asset	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Purchase of intangible asset	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$100.00K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$70.00K	USD	2 Qtrs
Proceeds from issuance of notes payable, related party	`ProceedsFromConvertibleDebt`	$17.92K	USD	2 Qtrs
Proceeds from issuance of notes payable, related party	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$117.92K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$70.00K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.34K	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.44K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.27K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.46K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.12K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.83K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.27K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.46K	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 paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$38.96K	USD	2 Qtrs
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	-	USD	2 Qtrs
Common stock issued for conversion of debt and accrued interest to equity (2,369,675 shares) includes $69,075 of accrued interest	`CommonStockIssuedForConversionOfDebtAndAccruedInterestToEquity2369675SharesIncludes69075OfAccruedInterest`	-	USD	2 Qtrs
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	2 Qtrs
Write off of stock subscription receivable	`WriteOffOfStockSubscriptionReceivable`	-	USD	2 Qtrs
Write off of stock subscription receivable	`WriteOffOfStockSubscriptionReceivable`	$200.00K	USD	2 Qtrs
Issuance of common stock for prepaid services	`IssuanceOfCommonStockForPrepaidServices`	$15.00K	USD	2 Qtrs
Issuance of common stock for prepaid services	`IssuanceOfCommonStockForPrepaidServices`	-	USD	2 Qtrs

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