10-K Filing

GLUCOSE HEALTH, INC. CIK: 1420108 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001477932-17-001354`
Period End Date	20161231
Filing Date	20170329
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	gluc-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 36 Cash Flow Statement 45 Stockholders Equity 16

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Net of accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	-	USD	Point-in-time
Net of accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$20.54K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.87K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1,000.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.06K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$3.15K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	1,000.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$11.72K	USD	Point-in-time
Inventory	`InventoryNet`	-	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
Inventory	`InventoryNet`	$8.37K	USD	Point-in-time
Due from affiliate	`DueFromAffiliates`	$250.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due from affiliate	`DueFromAffiliates`	-	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
Prepaid expenses	`PrepaidExpenseCurrent`	$639.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.28K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.91K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.45M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$15.11K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.31M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.31M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.45M	shares	Point-in-time
Intellectual assets, net of accumulated amortization of $60 and $60, respectively	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$300.00	USD	Point-in-time
Intellectual assets, net of accumulated amortization of $60 and $60, respectively	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$240.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$15.41K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$33.15K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$94.92K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$138.13K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$38.63K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Convertible notes payable, related parties	`ConvertibleNotesPayableCurrent`	$35.00K	USD	Point-in-time
Convertible notes payable, related parties	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$5.00K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$6.08K	USD	Point-in-time
Notes payable, related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$100.83K	USD	Point-in-time
Notes payable, related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$112.16K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayable`	$201.40K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayable`	$164.67K	USD	Point-in-time
Other notes payable	`OtherNotesPayableCurrent`	$35.00K	USD	Point-in-time
Other notes payable	`OtherNotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$528.59K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$403.23K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$403.23K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$528.59K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, no par value, 1,000 shares authorized, 1,000 shares issued and outstanding as of December 31, 2016 and 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 December 31, 2016 and 2015	`PreferredStockValue`	$113.20K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 3,312,273 and 2,451,888 shares issued and outstanding as of December 31, 2016 and 2015, respectively	`CommonStockValue`	$3.31K	USD	Point-in-time
Common stock, $0.001 par value, 200,000,000 shares authorized, 3,312,273 and 2,451,888 shares issued and outstanding as of December 31, 2016 and 2015, respectively	`CommonStockValue`	$2.45K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$5.39M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$5.69M	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`	$-6.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.84M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-387.82K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-280.55K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-495.45K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$33.15K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$15.41K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`SalesRevenueGoodsNet`	$4.27K	USD	Annual
REVENUE	`SalesRevenueGoodsNet`	$313.23K	USD	Annual
Cost of revenues	`CostOfRevenue`	$294.06K	USD	Annual
Cost of revenues	`CostOfRevenue`	$3.88K	USD	Annual
GROSS PROFIT	`GrossProfit`	$19.17K	USD	Annual
GROSS PROFIT	`GrossProfit`	$397.00	USD	Annual
Professional fees	`ProfessionalFees`	$8.93K	USD	Annual
Professional fees	`ProfessionalFees`	$52.10K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$32.77K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$1.88K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$48.00	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	-	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$51.84K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$114.82K	USD	Annual
Total operating expenses	`OperatingExpenses`	$105.81K	USD	Annual
Total operating expenses	`OperatingExpenses`	$156.57K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-86.65K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-156.17K	USD	Annual
Interest income (expense)	`InterestExpense`	$120.03K	USD	Annual
Interest income (expense)	`InterestExpense`	$323.80K	USD	Annual
Loss on conversion of debt	`DebtConversionOriginalDebtAmount1`	-	USD	Annual
Loss on conversion of debt	`DebtConversionOriginalDebtAmount1`	$-10.44K	USD	Annual
Gain on forgiveness of accounts payable	`GainOnForgivenessOfAccountsPayable`	-	USD	Annual
Gain on forgiveness of accounts payable	`GainOnForgivenessOfAccountsPayable`	$20.57K	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-323.80K	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-109.89K	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-410.44K	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-266.06K	USD	Annual
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	Annual
PROVISION FOR (BENEFIT FROM) INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-410.44K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-266.06K	USD	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING BASIC AND DILUTED (2)	`WeightedAverageNumberOfSharesOutstandingBasic`	1.96M	shares	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING BASIC AND DILUTED (2)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.79M	shares	Annual
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.14	USD	Annual
NET LOSS PER SHARE - BASIC AND DILUTED	`EarningsPerShareBasic`	$-0.15	USD	Annual

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-410.44K	USD	Annual
Net loss	`NetIncomeLoss`	$-266.06K	USD	Annual
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$32.77K	USD	Annual
Common stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.88K	USD	Annual
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$43.08K	USD	Annual
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$239.93K	USD	Annual
Amortization of intangible asset	`AmortizationOfIntangibleAssets`	-	USD	Annual
Amortization of intangible asset	`AmortizationOfIntangibleAssets`	$60.00	USD	Annual
Beneficial conversion feature of notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	Annual
Beneficial conversion feature of notes payable	`DebtInstrumentConvertibleBeneficialConversionFeature`	$109.54K	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.57K	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.57K	USD	Annual
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$-8.37K	USD	Annual
Decrease (Increase) in inventory	`IncreaseDecreaseInInventories`	$8.37K	USD	Annual
(Increase) Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-643.00	USD	Annual
(Increase) Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-37.58K	USD	Annual
Increase (Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-128.88K	USD	Annual
Increase (Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$59.74K	USD	Annual
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$150.29K	USD	Annual
Total adjustments	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$371.18K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-115.78K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-39.26K	USD	Annual
Increase in due from affilliate	`IncreaseDecreaseInAdvanceToAffiliate`	$250.00	USD	Annual
Increase in due from affilliate	`IncreaseDecreaseInAdvanceToAffiliate`	$-250.00	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$250.00	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-250.00	USD	Annual
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	$128.50K	USD	Annual
Proceeds from notes and loans payable	`ProceedsFromNotesPayable`	$113.21K	USD	Annual
Payments on notes and loans payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Payments on notes and loans payable	`RepaymentsOfNotesPayable`	$71.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$57.50K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$113.21K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.82K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.49K	USD	Annual
CASH - BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$20.54K	USD	Point-in-time
CASH - BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$4.87K	USD	Point-in-time
CASH - BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$2.06K	USD	Point-in-time
CASH - END OF YEAR	`CashEquivalentsAtCarryingValue`	$2.06K	USD	Point-in-time
CASH - END OF YEAR	`CashEquivalentsAtCarryingValue`	$20.54K	USD	Point-in-time
Beneficial conversion feature	`BeneficialConversionFeature`	$109.54K	USD	Annual
Beneficial conversion feature	`BeneficialConversionFeature`	$294.72K	USD	Annual
Conversion of notes payable and accrued interest to common stock	`DebtConversionConvertedInstrumentAmount1`	$4.10K	USD	Annual
Conversion of notes payable and accrued interest to common stock	`DebtConversionConvertedInstrumentAmount1`	$6.16K	USD	Annual
Conversion of liability to common stock	`StockIssued1`	-	USD	Annual
Conversion of liability to common stock	`StockIssued1`	$4.32K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$-387.82K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-280.55K	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-495.45K	USD	Point-in-time
Common stock issued in satisfaction of debt, amount	`CommonStockIssuedInSatisfactionOfDebtAmount`	$5.57K	USD	Annual
Common stock issued in satisfaction of debt, amount	`CommonStockIssuedInSatisfactionOfDebtAmount`	$16.48K	USD	Annual
Common stock issued as compensation, amount	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$6.00K	USD	Annual
Common stock issued for sevices, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$1.88K	USD	Annual
Common stock issued for sevices, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$26.77K	USD	Annual
Discounts on shares issued for notes payable	`NotesIssued1`	$294.72K	USD	Annual
Discounts on shares issued for notes payable	`NotesIssued1`	$109.54K	USD	Annual
Common stock issued for accrued interest, amount	`CommonStockIssuedForAccruedInterestAmount`	$650.00	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-410.44K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-266.06K	USD	Annual
Ending balance, amount	`StockholdersEquity`	$-387.82K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-280.55K	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-495.45K	USD	Point-in-time

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