10-Q Filing

APPLIED BIOSCIENCES CORP. CIK: 1607549 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001477932-17-005573`
Period End Date	20170930
Filing Date	20171114
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	stny-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 51 Cash Flow Statement 43 Stockholders Equity 10

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$212.64K	USD	Point-in-time
Cash	`Cash`	$147.48K	USD	Point-in-time
Cash	`Cash`	$255.34K	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash held in trust	`AssetsHeldInTrustNoncurrent`	-	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash held in trust	`AssetsHeldInTrustNoncurrent`	$499.94K	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$9.07K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$5.68K	USD	Point-in-time
Inventory	`InventoryNet`	$30.35K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventory	`InventoryNet`	$22.70K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaids and other current assets	`OtherPrepaidExpenseCurrent`	$10.04K	USD	Point-in-time
Prepaids and other current assets	`OtherPrepaidExpenseCurrent`	$16.92K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$257.93K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$696.88K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	15.25M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	15.60M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	15.60M	shares	Point-in-time
Equity Investment	`EquityMethodInvestments`	$350.00K	USD	Point-in-time
Equity Investment	`EquityMethodInvestments`	$300.00K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	15.25M	shares	Point-in-time
Common stock shares to be issued	`CommonStockSharesToBeIssued`	150,000.00	shares	Point-in-time
Intangible asset, net	`IntangibleAssetsNetExcludingGoodwill`	$1.12M	USD	Point-in-time
Common stock shares to be issued	`CommonStockSharesToBeIssued`	173,364.00	shares	Point-in-time
Intangible asset, net	`IntangibleAssetsNetExcludingGoodwill`	$1.01M	USD	Point-in-time
Other asset	`OtherAssetsNoncurrent`	$5.50K	USD	Point-in-time
Other asset	`OtherAssetsNoncurrent`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.68M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.30K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.44K	USD	Point-in-time
Accrued expenses	`OtherAccountsPayableAndAccruedLiabilities`	$19.29K	USD	Point-in-time
Accrued expenses	`OtherAccountsPayableAndAccruedLiabilities`	$26.95K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$31.58K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$43.39K	USD	Point-in-time
Preferred stock; $0.00001 par value; 5,000,000 shares authorized; none issued and outstanding at September 30, 2017 (unaudited) and March 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; $0.00001 par value; 5,000,000 shares authorized; none issued and outstanding at September 30, 2017 (unaudited) and March 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock; $0.00001 par value; 200,000,000 shares authorized; 15,595,100 and 15,247,600 issued and outstanding at September 30, 2017 (unaudited) and March 31, 2017, respectively	`CommonStockValue`	$154.00	USD	Point-in-time
Common stock; $0.00001 par value; 200,000,000 shares authorized; 15,595,100 and 15,247,600 issued and outstanding at September 30, 2017 (unaudited) and March 31, 2017, respectively	`CommonStockValue`	$152.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.44M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$1.74M	USD	Point-in-time
Common stock to be issued, 173,364 and 150,000 shares at September 30, 2017 (unaudited) and March 31, 2017, respectively	`CommonStockToBeIssued`	$476.00K	USD	Point-in-time
Common stock to be issued, 173,364 and 150,000 shares at September 30, 2017 (unaudited) and March 31, 2017, respectively	`CommonStockToBeIssued`	$426.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-901.58K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-525.83K	USD	Point-in-time
Total Stony Hill Corp. Stockholders" Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.01M	USD	Point-in-time
Total Stony Hill Corp. Stockholders" Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.64M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$1.74K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.88K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.01M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.64M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.68M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$2.06M	USD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
Services	`SalesRevenueServicesNet`	-	USD	1 Quarter
Services	`SalesRevenueServicesNet`	-	USD	2 Qtrs
Services	`SalesRevenueServicesNet`	-	USD	1 Quarter
Services	`SalesRevenueServicesNet`	-	USD	2 Qtrs
Product, net	`SalesRevenueGoodsNet`	$116.61K	USD	2 Qtrs
Product, net	`SalesRevenueGoodsNet`	-	USD	1 Quarter
Product, net	`SalesRevenueGoodsNet`	-	USD	2 Qtrs
Product, net	`SalesRevenueGoodsNet`	$61.28K	USD	1 Quarter
Total Revenue	`Revenues`	$61.28K	USD	1 Quarter
Total Revenue	`Revenues`	-	USD	1 Quarter
Total Revenue	`Revenues`	$116.61K	USD	2 Qtrs
Total Revenue	`Revenues`	-	USD	2 Qtrs
COST OF REVENUE, PRODUCT	`CostOfRevenue`	-	USD	2 Qtrs
COST OF REVENUE, PRODUCT	`CostOfRevenue`	$52.44K	USD	1 Quarter
COST OF REVENUE, PRODUCT	`CostOfRevenue`	$90.39K	USD	2 Qtrs
COST OF REVENUE, PRODUCT	`CostOfRevenue`	-	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	-	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$8.84K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$26.22K	USD	2 Qtrs
GROSS MARGIN	`GrossProfit`	-	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$31.18K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$130.12K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$31.18K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$288.58K	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$56.13K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$112.26K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$31.18K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$400.83K	USD	2 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$186.24K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$31.18K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-31.18K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-31.18K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-374.61K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-177.41K	USD	1 Quarter
Less: Net income attributable to non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.14K	USD	2 Qtrs
Less: Net income attributable to non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Net income attributable to non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-57.00	USD	1 Quarter
Less: Net income attributable to non controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
NET LOSS ATTRIBUTABLE TO STONY HILL CORP.	`ProfitLoss`	$-31.18K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO STONY HILL CORP.	`ProfitLoss`	$-177.35K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO STONY HILL CORP.	`ProfitLoss`	$-31.18K	USD	2 Qtrs
NET LOSS ATTRIBUTABLE TO STONY HILL CORP.	`ProfitLoss`	$-375.75K	USD	2 Qtrs
LOSS PER COMMON SHARE	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
LOSS PER COMMON SHARE	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
LOSS PER COMMON SHARE	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
LOSS PER COMMON SHARE	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.32M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.27M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.09M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.09M	shares	2 Qtrs

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-31.18K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-31.18K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-374.61K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-177.41K	USD	1 Quarter
Stock compensation issued in exchange for consulting agreement	`StockIssuedDuringPeriodValueShareBasedCompensation`	$50.00K	USD	2 Qtrs
Amortization of intangible	`AmortizationOfIntangibleAssets`	$56.13K	USD	1 Quarter
Amortization of intangible	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Amortization of intangible	`AmortizationOfIntangibleAssets`	$112.26K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.39K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-7.65K	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.88K	USD	2 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Other asset	`IncreaseDecreaseInOtherCurrentAssets`	$-5.50K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.42K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.80K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-29.76K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-210.21K	USD	2 Qtrs
Acquisition of equity investments	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Acquisition of equity investments	`PaymentsToAcquireInvestments`	$50.00K	USD	2 Qtrs
Increase in cash held in trust account	`IncreaseInCashHeldInTrustAccount`	-	USD	2 Qtrs
Increase in cash held in trust account	`IncreaseInCashHeldInTrustAccount`	$-105.00K	USD	2 Qtrs
Deposit on acquisition	`IncreaseDecreaseInDepositsOutstanding`	$-325.00K	USD	2 Qtrs
Deposit on acquisition	`IncreaseDecreaseInDepositsOutstanding`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-430.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.00K	USD	2 Qtrs
Issuance of common stock for cash	`ProceedsFromIssuanceOfCommonStock`	$715.10K	USD	2 Qtrs
Issuance of common stock for cash	`ProceedsFromIssuanceOfCommonStock`	$195.06K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$195.06K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$715.10K	USD	2 Qtrs
NET CHANGE IN CASH	`CashPeriodIncreaseDecrease`	$-65.15K	USD	2 Qtrs
NET CHANGE IN CASH	`CashPeriodIncreaseDecrease`	$255.34K	USD	2 Qtrs
CASH, BEGINNING OF PERIOD	`Cash`	-	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$212.64K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$147.48K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`Cash`	$255.34K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	-	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$212.64K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$147.48K	USD	Point-in-time
CASH, END OF PERIOD	`Cash`	$255.34K	USD	Point-in-time
Increase in cash held in trust account from sale of common stock	`IncreaseInCashHeldInTrustAccountFromSaleOfCommonStock`	-	USD	2 Qtrs
Increase in cash held in trust account from sale of common stock	`IncreaseInCashHeldInTrustAccountFromSaleOfCommonStock`	$499.94K	USD	2 Qtrs

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$2.01M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$1.64M	USD	Point-in-time
Issuance of common stock for cash, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$695.00K	USD	2 Qtrs
Common stock to be issued in conjunction with consulting agreement	`CommonStockToBeIssuedInConjunctionWithConsultingAgreement`	$50.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-31.18K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-31.18K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-374.61K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-177.41K	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$2.01M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$1.64M	USD	Point-in-time

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