10-Q Filing

GLUCOSE HEALTH, INC. CIK: 1420108 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001477932-16-012202`
Period End Date	20160630
Filing Date	20160822
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	gluc-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 62 Cash Flow Statement 40

Balance Sheet 66 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`	$27.77K	USD	Point-in-time
Cash	`Cash`	$2.06K	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$168.35K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$3.15K	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
Inventory	`InventoryNet`	$8.31K	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
Due from affiliate	`DueFromAffiliates`	$250.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.28K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	1,000.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.13K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$206.81K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.11K	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
Common stock, shares issued	`CommonStockSharesIssued`	2.75M	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 issued	`CommonStockSharesIssued`	2.45M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.75M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.45M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$207.11K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$15.41K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$169.37K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$94.92K	USD	Point-in-time
Accrued Interest	`InterestPayableCurrent`	$26.53K	USD	Point-in-time
Accrued Interest	`InterestPayableCurrent`	-	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$6.08K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$36.00K	USD	Point-in-time
Convertible notes payable, related parties	`ConvertibleNotesPayableCurrent`	$100.83K	USD	Point-in-time
Convertible notes payable, related parties	`ConvertibleNotesPayableCurrent`	$106.51K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayable`	$85.40K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayable`	$201.40K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$403.23K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$423.80K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$423.80K	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 June 30, 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 June 30, 2016 and December 31, 2015	`PreferredStockValue`	$113.20K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 2,753,232 and 2,451,888 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively (1)	`CommonStockValue`	$2.45K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 2,753,232 and 2,451,888 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively (1)	`CommonStockValue`	$2.75K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$5.39M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$5.68M	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`	$-5.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.84M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-216.69K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-387.82K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$15.41K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$207.11K	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`SalesRevenueGoodsNet`	$295.81K	USD	1 Quarter
REVENUE	`SalesRevenueGoodsNet`	$552.00	USD	1 Quarter
REVENUE	`SalesRevenueGoodsNet`	$577.00	USD	2 Qtrs
REVENUE	`SalesRevenueGoodsNet`	$295.93K	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$340.00	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$274.52K	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$274.46K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$340.00	USD	2 Qtrs
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	$274.52K	USD	2 Qtrs
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	$340.00	USD	2 Qtrs
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	$340.00	USD	1 Quarter
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	$274.46K	USD	1 Quarter
GROSS INCOME (LOSS)	`GrossProfit`	$237.00	USD	2 Qtrs
GROSS INCOME (LOSS)	`GrossProfit`	$212.00	USD	1 Quarter
GROSS INCOME (LOSS)	`GrossProfit`	$21.34K	USD	1 Quarter
GROSS INCOME (LOSS)	`GrossProfit`	$21.41K	USD	2 Qtrs
Professional fees/stock based compensation	`ProfessionalFees`	$9.55K	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
Professional fees/stock based compensation	`ProfessionalFees`	$18.96K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.68K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.09K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.48K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.77K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$107.33K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$27.65K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$15.31K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$42.59K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-6.24K	USD	2 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-42.38K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$6.03K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-107.09K	USD	2 Qtrs
Interest income (expense)	`InterestExpense`	$119.30K	USD	2 Qtrs
Interest income (expense)	`InterestExpense`	$83.49K	USD	2 Qtrs
Interest income (expense)	`InterestExpense`	$93.40K	USD	1 Quarter
Interest income (expense)	`InterestExpense`	$28.21K	USD	1 Quarter
Gain on forgiveness of accounts payable	`OtherNoncashIncome`	$20.57K	USD	1 Quarter
Gain on forgiveness of accounts payable	`OtherNoncashIncome`	-	USD	1 Quarter
Gain on forgiveness of accounts payable	`OtherNoncashIncome`	-	USD	2 Qtrs
Gain on forgiveness of accounts payable	`OtherNoncashIncome`	$20.57K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-119.30K	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`	$-93.40K	USD	1 Quarter
LOSS BEFORE IMCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-170.01K	USD	2 Qtrs
LOSS BEFORE IMCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-50.02K	USD	1 Quarter
LOSS BEFORE IMCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-87.37K	USD	1 Quarter
LOSS BEFORE IMCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-125.54K	USD	2 Qtrs
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-170.01K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-87.37K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-50.02K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-125.54K	USD	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING BASIC AND DILUTED (2)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.72M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING BASIC AND DILUTED (2)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.94M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING BASIC AND DILUTED (2)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.59M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING BASIC AND DILUTED (2)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.55M	shares	2 Qtrs
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
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.05	USD	2 Qtrs

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-170.01K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-87.37K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-50.02K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-125.54K	USD	2 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$7.79K	USD	2 Qtrs
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$108.16K	USD	2 Qtrs
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$150.73K	USD	2 Qtrs
Gain on forgiveness of accounts payable	`OtherNoncashIncome`	$20.57K	USD	1 Quarter
Gain on forgiveness of accounts payable	`OtherNoncashIncome`	-	USD	1 Quarter
Gain on forgiveness of accounts payable	`OtherNoncashIncome`	-	USD	2 Qtrs
Gain on forgiveness of accounts payable	`OtherNoncashIncome`	$20.57K	USD	2 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$165.20K	USD	2 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$250.00	USD	2 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventories`	$11.65K	USD	2 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventories`	$-60.00	USD	2 Qtrs
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$848.00	USD	2 Qtrs
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-34.72K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$85.58K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-17.39K	USD	2 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$143.38K	USD	2 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$27.76K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-97.78K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-26.63K	USD	2 Qtrs
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	$123.50K	USD	2 Qtrs
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	$26.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$26.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$123.50K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$25.72K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-634.00	USD	2 Qtrs
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`	$4.24K	USD	Point-in-time
CASH - END OF PERIOD	`CashEquivalentsAtCarryingValue`	$27.77K	USD	Point-in-time
Beneficial conversion feature	`BeneficialConversionFeature`	$86.30K	USD	2 Qtrs
Beneficial conversion feature	`BeneficialConversionFeature`	$294.72K	USD	2 Qtrs
Conversion of notes payable and accrued interest to common stock	`DebtConversionConvertedInstrumentAmount1`	$2.62K	USD	2 Qtrs
Conversion of notes payable and accrued interest to common stock	`DebtConversionConvertedInstrumentAmount1`	$451.00	USD	2 Qtrs
Conversion of liability to common stock	`StockIssued1`	$4.32K	USD	2 Qtrs
Conversion of liability to common stock	`StockIssued1`	-	USD	2 Qtrs

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