10-Q Filing

GLUCOSE HEALTH, INC. CIK: 1420108 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001477932-16-014204`
Period End Date	20160930
Filing Date	20161221
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	gluc-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 61 Cash Flow Statement 45

Balance Sheet 68 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`	$23.64K	USD	Point-in-time
Cash	`Cash`	$2.06K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$3.15K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$11.74K	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, Par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventory	`InventoryNet`	$6.42K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Inventory	`InventoryNet`	$8.37K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	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 issued	`PreferredStockSharesIssued`	1,000.00	shares	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`	$1.28K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.61K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.66K	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`	3.03M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.45M	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 outstanding	`CommonStockSharesOutstanding`	3.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.45M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$43.96K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$15.41K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$94.92K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$124.10K	USD	Point-in-time
Accrued Interest	`InterestPayableCurrent`	$33.08K	USD	Point-in-time
Accrued Interest	`InterestPayableCurrent`	-	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$5.00K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$6.08K	USD	Point-in-time
Note payable, related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$35.00K	USD	Point-in-time
Note payable, related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Convertible notes payable, related parties	`ConvertibleNotesPayableCurrent`	$100.83K	USD	Point-in-time
Convertible notes payable, related parties	`ConvertibleNotesPayableCurrent`	$74.77K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayable`	$201.40K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayable`	$145.64K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$403.23K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$417.59K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$417.59K	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 September 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 September 30, 2016 and December 31, 2015	`PreferredStockValue`	$113.20K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 3,029,073 and 2,451,888 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively (1)	`CommonStockValue`	$3.03K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 3,029,073 and 2,451,888 shares issued and outstanding as of September 30, 2016 and December 31, 2015, respectively (1)	`CommonStockValue`	$2.45K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$5.69M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$5.39M	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`	$-6.12M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-387.82K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-373.63K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$43.96K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$15.41K	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`SalesRevenueGoodsNet`	$2.06K	USD	1 Quarter
REVENUE	`SalesRevenueGoodsNet`	$2.11K	USD	1 Quarter
REVENUE	`SalesRevenueGoodsNet`	$2.63K	USD	3 Qtrs
REVENUE	`SalesRevenueGoodsNet`	$298.04K	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$1.95K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$2.29K	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$279.26K	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$4.73K	USD	1 Quarter
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	$4.73K	USD	1 Quarter
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	$279.26K	USD	3 Qtrs
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	$1.95K	USD	1 Quarter
Total Cost of Revenues	`CostOfGoodsAndServicesSold`	$2.29K	USD	3 Qtrs
GROSS INCOME (LOSS)	`GrossProfit`	$-2.62K	USD	1 Quarter
GROSS INCOME (LOSS)	`GrossProfit`	$105.00	USD	1 Quarter
GROSS INCOME (LOSS)	`GrossProfit`	$342.00	USD	3 Qtrs
GROSS INCOME (LOSS)	`GrossProfit`	$18.78K	USD	3 Qtrs
Professional fees/stock based compensation	`ProfessionalFees`	$35.54K	USD	3 Qtrs
Professional fees/stock based compensation	`ProfessionalFees`	$105.96K	USD	3 Qtrs
Professional fees/stock based compensation	`ProfessionalFees`	$11.10K	USD	1 Quarter
Professional fees/stock based compensation	`ProfessionalFees`	$16.58K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$45.04K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$36.36K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$35.65K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$23.17K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$141.60K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$52.93K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$34.27K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$80.58K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-55.56K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-141.26K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-34.17K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-61.80K	USD	3 Qtrs
Interest income (expense)	`InterestExpense`	$15.09K	USD	1 Quarter
Interest income (expense)	`InterestExpense`	$105.26K	USD	1 Quarter
Interest income (expense)	`InterestExpense`	$98.58K	USD	3 Qtrs
Interest income (expense)	`InterestExpense`	$224.56K	USD	3 Qtrs
Gain on forgiveness of accounts payable	`OtherNoncashIncome`	-	USD	1 Quarter
Gain on forgiveness of accounts payable	`OtherNoncashIncome`	-	USD	1 Quarter
Gain on forgiveness of accounts payable	`OtherNoncashIncome`	$20.57K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-224.56K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-78.01K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-15.09K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-105.26K	USD	1 Quarter
LOSS BEFORE IMCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-286.36K	USD	3 Qtrs
LOSS BEFORE IMCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-49.25K	USD	1 Quarter
LOSS BEFORE IMCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-219.27K	USD	3 Qtrs
LOSS BEFORE IMCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-160.82K	USD	1 Quarter
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-286.36K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-219.27K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-49.25K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-160.82K	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING BASIC AND DILUTED (2)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.88M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING BASIC AND DILUTED (2)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.13M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING BASIC AND DILUTED (2)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.61M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING BASIC AND DILUTED (2)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.86M	shares	3 Qtrs
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.12	USD	3 Qtrs
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.11	USD	3 Qtrs
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-286.36K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-219.27K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-49.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-160.82K	USD	1 Quarter
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.88K	USD	3 Qtrs
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$7.79K	USD	3 Qtrs
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$115.90K	USD	3 Qtrs
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$201.90K	USD	3 Qtrs
Gain on forgiveness of accounts payable	`OtherNoncashIncome`	-	USD	1 Quarter
Gain on forgiveness of accounts payable	`OtherNoncashIncome`	-	USD	1 Quarter
Gain on forgiveness of accounts payable	`OtherNoncashIncome`	$20.57K	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.59K	USD	3 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.98K	USD	3 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventories`	$-1.95K	USD	3 Qtrs
Decrease in inventory	`IncreaseDecreaseInInventories`	$9.70K	USD	3 Qtrs
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-38.86K	USD	3 Qtrs
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$331.00	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$53.64K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-17.56K	USD	3 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$250.45K	USD	3 Qtrs
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$112.73K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-106.54K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-35.92K	USD	3 Qtrs
Increase in due from affilliate	`PaymentsForAdvanceToAffiliate`	-	USD	3 Qtrs
Increase in due from affilliate	`PaymentsForAdvanceToAffiliate`	$250.00	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-250.00	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	$128.50K	USD	3 Qtrs
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	$110.71K	USD	3 Qtrs
Payments on notes and loans payable	`RepaymentsOfNotesPayable`	$71.00K	USD	3 Qtrs
Payments on notes and loans payable	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$110.71K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$57.50K	USD	3 Qtrs
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.58K	USD	3 Qtrs
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.92K	USD	3 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`	$8.79K	USD	Point-in-time
CASH - END OF PERIOD	`CashEquivalentsAtCarryingValue`	$23.64K	USD	Point-in-time
Beneficial conversion feature	`BeneficialConversionFeature`	$294.72K	USD	3 Qtrs
Beneficial conversion feature	`BeneficialConversionFeature`	$103.70K	USD	3 Qtrs
Conversion of notes payable and accrued interest to common stock	`DebtConversionConvertedInstrumentAmount1`	$451.00	USD	3 Qtrs
Conversion of notes payable and accrued interest to common stock	`DebtConversionConvertedInstrumentAmount1`	$3.30K	USD	3 Qtrs
Conversion of liability to common stock	`StockIssued1`	$4.32K	USD	3 Qtrs
Conversion of liability to common stock	`StockIssued1`	-	USD	3 Qtrs

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