10-Q Filing

THC THERAPEUTICS, INC. CIK: 1404935 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001477932-18-006072`
Period End Date	20181031
Filing Date	20181219
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	thct-20181031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 33 Cash Flow Statement 53

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.97K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$187.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.34K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.97K	USD	Point-in-time
Fixed Assets	`AssetsNoncurrent`	$52.97K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.00M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.00M	shares	Point-in-time
Fixed Assets	`AssetsNoncurrent`	$58.30K	USD	Point-in-time
Intangible Assets	`FiniteLivedIntangibleAssetsNet`	$28.29K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible Assets	`FiniteLivedIntangibleAssetsNet`	$28.37K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Rights to Robotcache Coins	`RightsToRobotcacheCoins`	$2.43M	USD	Point-in-time
Rights to Robotcache Coins	`RightsToRobotcacheCoins`	$2.43M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total assets	`Assets`	$2.51M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	223,500.00	shares	Point-in-time
Total assets	`Assets`	$2.52M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	216,500.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	223,500.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	216,500.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$136.67K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$178.16K	USD	Point-in-time
Bank overdrafts	`BankOverdrafts`	$33.00	USD	Point-in-time
Bank overdrafts	`BankOverdrafts`	-	USD	Point-in-time
Accrued liabilities due to related parties	`AccruedLiabilitiesCurrent`	$7.73K	USD	Point-in-time
Accrued liabilities due to related parties	`AccruedLiabilitiesCurrent`	$92.84K	USD	Point-in-time
Advances from related parties	`DueToRelatedPartiesCurrent`	$175.06K	USD	Point-in-time
Advances from related parties	`DueToRelatedPartiesCurrent`	$159.57K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$71.95K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$76.20K	USD	Point-in-time
Convertible Notes payable, net	`ConvertibleNotesPayable`	$100.00K	USD	Point-in-time
Convertible Notes payable, net	`ConvertibleNotesPayable`	$100.00K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$59.78K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$146.23K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$85.13K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$661.68K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$581.44K	USD	Point-in-time
Total liabilities	`Liabilities`	$661.68K	USD	Point-in-time
Total liabilities	`Liabilities`	$581.44K	USD	Point-in-time
Common stock; $0.001 par value; 500,000,000 shares authorized; 13,003,589 and 13,003,589 shares issued and outstanding as of October 31, 2018 and July 31, 2018, respectively	`CommonStockValue`	$13.00K	USD	Point-in-time
Common stock; $0.001 par value; 500,000,000 shares authorized; 13,003,589 and 13,003,589 shares issued and outstanding as of October 31, 2018 and July 31, 2018, respectively	`CommonStockValue`	$13.00K	USD	Point-in-time
Stock payable	`StockPayable`	$225.25K	USD	Point-in-time
Stock payable	`StockPayable`	$190.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.83M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.94M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.85M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.51M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.52M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$19.80K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$13.11K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$56.07K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$349.80K	USD	1 Quarter
Payroll expense	`PayrollExpense`	-	USD	1 Quarter
Payroll expense	`PayrollExpense`	$20.57K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$17.82K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$22.37K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.38K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.44K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$407.74K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$104.61K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-407.74K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-104.61K	USD	1 Quarter
Gain/(loss) on change in derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$86.44K	USD	Annual
Gain/(loss) on change in derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-673.00	USD	1 Quarter
Gain/(loss) on change in derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-25.35K	USD	1 Quarter
Interest Expense	`InterestExpense`	$29.04K	USD	1 Quarter
Interest Expense	`InterestExpense`	$5.77K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-29.71K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-31.12K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-438.86K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-134.33K	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Basic income (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.00M	shares	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	11.88M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-438.86K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-134.33K	USD	1 Quarter
Loss on change in derivative liabilities	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$86.44K	USD	Annual
Loss on change in derivative liabilities	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-673.00	USD	1 Quarter
Loss on change in derivative liabilities	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-25.35K	USD	1 Quarter
Amortization of original issue discount	`AmortizationOfOriginalIssueDiscount`	-	USD	1 Quarter
Amortization of original issue discount	`AmortizationOfOriginalIssueDiscount`	$1.89K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$24.05K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$349.80K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$56.08K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.38K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.44K	USD	1 Quarter
Imputed interest	`ImputedInterest`	$607.00	USD	1 Quarter
Imputed interest	`ImputedInterest`	-	USD	1 Quarter
(Increase) decrease in deposits	`IncreaseDecreaseInDeposits`	$3.21K	USD	1 Quarter
(Increase) decrease in deposits	`IncreaseDecreaseInDeposits`	-	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-41.50K	USD	1 Quarter
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$722.00	USD	1 Quarter
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$85.11K	USD	1 Quarter
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$1.20K	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.05K	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.12K	USD	1 Quarter
Purchase of intangible assets	`PaymentsForProceedsFromProductiveAssets`	-	USD	1 Quarter
Purchase of intangible assets	`PaymentsForProceedsFromProductiveAssets`	$1.20K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.20K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from related party debts	`ProceedsFromRelatedPartyDebt`	$33.73K	USD	1 Quarter
Proceeds from related party debts	`ProceedsFromRelatedPartyDebt`	$27.52K	USD	1 Quarter
Payments on related party debts	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-13.45K	USD	1 Quarter
Payments on related party debts	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-12.03K	USD	1 Quarter
Proceeds from loans	`ProceedsFromLoans`	$30.00K	USD	1 Quarter
Proceeds from loans	`ProceedsFromLoans`	-	USD	1 Quarter
Bank overdrafts	`ProceedsFromRepaymentsOfBankOverdrafts`	$33.00	USD	1 Quarter
Bank overdrafts	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	1 Quarter
Payments on loans	`PaymentsForLoans`	-	USD	1 Quarter
Payments on loans	`PaymentsForLoans`	$4.25K	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.28K	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$50.28K	USD	1 Quarter
Net increase (decrease) in Cash	`CashPeriodIncreaseDecrease`	$-2.97K	USD	1 Quarter
Net increase (decrease) in Cash	`CashPeriodIncreaseDecrease`	$10.16K	USD	1 Quarter
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$2.97K	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$187.00	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValue`	$10.34K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$2.97K	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$187.00	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Ending cash balance	`CashAndCashEquivalentsAtCarryingValue`	$10.34K	USD	Point-in-time
Cash paid for interest	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for interest	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for tax	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for tax	`InterestPaidNet`	-	USD	1 Quarter

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