10-K/A Filing

THC THERAPEUTICS, INC. CIK: 1404935 FY 2020

Filing Information

Form Type	10-K/A
Accession Number	`0001477932-19-006627`
Period End Date	20190731
Filing Date	20191118
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	thct-20190731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 37 Cash Flow Statement 61 Stockholders Equity 24

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$317.55K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.97K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$140.25K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	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
Total current assets	`AssetsCurrent`	$2.97K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$457.80K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.43M	shares	Point-in-time
Fixed Assets, net	`PropertyPlantAndEquipmentNet`	$37.14K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	14.43M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.00M	shares	Point-in-time
Fixed Assets, net	`PropertyPlantAndEquipmentNet`	$58.30K	USD	Point-in-time
Intangible Assets, net	`IntangibleAssetsNetExcludingGoodwill`	$25.08K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible Assets, net	`IntangibleAssetsNetExcludingGoodwill`	$28.29K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	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`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	217,000.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	222,500.00	shares	Point-in-time
Total assets	`Assets`	$520.02K	USD	Point-in-time
Total assets	`Assets`	$2.52M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	217,000.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	222,500.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$158.74K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$178.16K	USD	Point-in-time
Accrued liabilities due to related parties	`AccruedLiabilitiesCurrent`	$5.47K	USD	Point-in-time
Accrued liabilities due to related parties	`AccruedLiabilitiesCurrent`	$217.66K	USD	Point-in-time
Accrued liabilities due to related parties	`AccruedLiabilitiesCurrent`	$7.73K	USD	Point-in-time
Advances from related parties	`DueToRelatedPartiesCurrent`	$104.22K	USD	Point-in-time
Advances from related parties	`DueToRelatedPartiesCurrent`	$159.57K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$76.20K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Convertible Notes payable, net	`NotesPayableRelatedPartiesClassifiedCurrent`	$152.90K	USD	Point-in-time
Convertible Notes payable, net	`NotesPayableRelatedPartiesClassifiedCurrent`	$100.00K	USD	Point-in-time
Convertible Notes payable- Related party, net	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible Notes payable- Related party, net	`ConvertibleNotesPayableCurrent`	$24.66K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$611.26K	USD	Point-in-time
Derivative liability	`DerivativeLiabilities`	$59.78K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$581.44K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$581.44K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.27M	USD	Point-in-time
Common stock; $0.001 par value; 500,000,000 shares authorized; 14,434,098 and 13,004,740 shares issued and outstanding as of July 31, 2019 and July 31, 2018, respectively	`CommonStockValue`	$14.43K	USD	Point-in-time
Common stock; $0.001 par value; 500,000,000 shares authorized; 14,434,098 and 13,004,740 shares issued and outstanding as of July 31, 2019 and July 31, 2018, respectively	`CommonStockValue`	$13.01K	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Stock payable	`StockPayable`	$417.47K	USD	Point-in-time
Stock payable	`StockPayable`	$190.25K	USD	Point-in-time
Stock receivable	`StockReceivable`	-	USD	Point-in-time
Stock receivable	`StockReceivable`	$-6.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$38.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.70M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$1.94M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-749.41K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-195.87K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$2.52M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$520.02K	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
Revenues	`Revenues`	-	USD	Annual
Cost of revenues	`CostOfRevenue`	-	USD	Annual
Cost of revenues	`CostOfRevenue`	-	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
Professional fees	`ProfessionalFees`	$62.88K	USD	Annual
Professional fees	`ProfessionalFees`	$118.75K	USD	Annual
Consulting fees	`ConsultingFees`	$23.88M	USD	Annual
Consulting fees	`ConsultingFees`	$480.36K	USD	Annual
Payroll expense	`PayrollExpense`	$134.71K	USD	Annual
Payroll expense	`PayrollExpense`	$61.70K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$99.82K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$139.53K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$25.56K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$25.43K	USD	Annual
Total operating expenses	`OperatingExpenses`	$-5.99M	USD	Annual
Total operating expenses	`OperatingExpenses`	$-26.69M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-5.99M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-26.69M	USD	Annual
Gain/(loss) on change in derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$-3.93M	USD	Annual
Gain/(loss) on change in derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss`	$86.44K	USD	Annual
Gain/(loss) on settlement of debts	`FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements`	$-132.23K	USD	Annual
Gain/(loss) on settlement of debts	`FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements`	$-37.50K	USD	Annual
Impairment expense	`ExplorationAbandonmentAndImpairmentExpense`	$2.43M	USD	Annual
Impairment expense	`ExplorationAbandonmentAndImpairmentExpense`	$5.22M	USD	Annual
Interest Expense	`InterestExpense`	$-303.59K	USD	Annual
Interest Expense	`InterestExpense`	$-101.69K	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$3.38M	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-147.48K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-23.31M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-32.70M	USD	10 Qtrs
Net income (loss)	`NetIncomeLoss`	$-6.14M	USD	Annual
Basic income (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-1.74	USD	Annual
Basic income (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.51	USD	Annual
Basic weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.38M	shares	Annual
Basic weighted average common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.05M	shares	Annual

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-23.31M	USD	Annual
Net loss	`NetIncomeLoss`	$-32.70M	USD	10 Qtrs
Net loss	`NetIncomeLoss`	$-6.14M	USD	Annual
Loss on change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$-86.44K	USD	Annual
Loss on change in derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$2.92M	USD	Annual
Gain on recision of token agreements	`GainOnRecisionOfTokenAgreements`	-	USD	Annual
Gain on recision of token agreements	`GainOnRecisionOfTokenAgreements`	$-7.65M	USD	Annual
Impairment expense	`ImpairmentExpense`	$5.22M	USD	Annual
Impairment expense	`ImpairmentExpense`	$2.43M	USD	Annual
Amortization of original issue discount	`AmortizationOfOriginalIssueDiscount`	$7.50K	USD	Annual
Amortization of original issue discount	`AmortizationOfOriginalIssueDiscount`	-	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$69.76K	USD	Annual
Increase in note pricipal as a result of penalties	`IncreaseInNotePricipalAsAResultOfPenalties`	$33.93K	USD	Annual
Increase in note pricipal as a result of penalties	`IncreaseInNotePricipalAsAResultOfPenalties`	-	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$466.64K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$23.82M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$25.56K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$25.43K	USD	Annual
Inputed interest	`InputedInterest`	$1.82K	USD	Annual
Inputed interest	`InputedInterest`	$2.79K	USD	Annual
Loss on settlement of debts	`GainLossRelatedToLitigationSettlement`	$132.23K	USD	Annual
Loss on settlement of debts	`GainLossRelatedToLitigationSettlement`	$37.50K	USD	Annual
(Increase) decrease in deposits	`IncreaseDecreaseInDeposits`	$3.21K	USD	Annual
(Increase) decrease in deposits	`IncreaseDecreaseInDeposits`	-	USD	Annual
Increase in prepaid assets	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Increase in prepaid assets	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$99.50K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$16.93K	USD	Annual
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$6.61K	USD	Annual
Increase (decrease) in accounts payable related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$209.93K	USD	Annual
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-329.80K	USD	Annual
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-190.16K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$-1.20K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$-532.00	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.20K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-532.00	USD	Annual
Proceeds from related party debts	`ProceedsFromRelatedPartyDebt`	$120.15K	USD	Annual
Proceeds from related party debts	`ProceedsFromRelatedPartyDebt`	$186.66K	USD	Annual
Payments on related party debts	`RepaymentsOfRelatedPartyDebt`	$-104.38K	USD	Annual
Payments on related party debts	`RepaymentsOfRelatedPartyDebt`	$-175.50K	USD	Annual
Proceeds of convertible loans, net	`ProceedsFromConvertibleDebt`	$766.38K	USD	Annual
Proceeds of convertible loans, net	`ProceedsFromConvertibleDebt`	-	USD	Annual
Proceeds from sale of common stock and warrants	`ProceedsFromIssuanceOfCommonStock`	$65.00K	USD	Annual
Proceeds from sale of common stock and warrants	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from loans	`ProceedsFromLoanOriginations1`	$58.00K	USD	Annual
Proceeds from loans	`ProceedsFromLoanOriginations1`	-	USD	Annual
Payments on loans	`RepaymentsOfDebt`	$-65.45K	USD	Annual
Payments on loans	`RepaymentsOfDebt`	$-11.80K	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$193.48K	USD	Annual
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$645.58K	USD	Annual
Net increase (decrease) in Cash	`CashPeriodIncreaseDecrease`	$314.58K	USD	Annual
Net increase (decrease) in Cash	`CashPeriodIncreaseDecrease`	$2.78K	USD	Annual
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValueBeginning`	$187.00	USD	Annual
Beginning cash balance	`CashAndCashEquivalentsAtCarryingValueBeginning`	$2.97K	USD	Annual
Ending cash balance	`CashAndCashEquivalentsAtCarryingValueEnding`	$317.55K	USD	Annual
Ending cash balance	`CashAndCashEquivalentsAtCarryingValueEnding`	$2.97K	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for tax	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for tax	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance, Amount	`StockholdersEquity`	$1.94M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$-749.41K	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$-195.87K	USD	Point-in-time
Shares issued for cash investments	`StockIssuedDuringPeriodValueNewIssues`	$65.00K	USD	Annual
Imputed interest	`ImputedInterest`	$1.82K	USD	Annual
Imputed interest	`ImputedInterest`	$2.79K	USD	Annual
Debt discount	`DebtDiscount`	$7.59K	USD	Annual
Net loss	`ProfitLoss`	$-6.14M	USD	Annual
Net loss	`ProfitLoss`	$-23.31M	USD	Annual
Return of shares and warrants under rescission agreements	`ReturnOfSharesAndWarrantsUnderRescissionAgreements`	$-7.65M	USD	Annual
Shares for services, Amount	`StockIssuedDuringPeriodValueIssuedForServices`	$214.98K	USD	Annual
Shares issued for settlement of debt, Amount	`DebtConversionConvertedInstrumentAmount1`	$165.71K	USD	Annual
Shares issued for settlement of debt, Amount	`DebtConversionConvertedInstrumentAmount1`	$49.62K	USD	Annual
Shares issued for equity investments, Amount	`StockIssuedDuringPeriodValueOther`	$1.56M	USD	Annual
Shares issued for investments in coin offerings, Amount	`SharesIssuedForInvestmentsInCoinOfferingsAmount`	$6.09M	USD	Annual
Warrants for services	`AdjustmentOfWarrantsGrantedForServices`	$165.31K	USD	Annual
Shares and warrants for services, Amount	`SharesAndWarrantsForServicesAmount`	$23.96M	USD	Annual
Shares and warrants issued for cash investments, Amount	`SharesAndWarrantsIssuedForCashInvestmentsAmount`	-	USD	Annual
Settlement of derivative liabilities, Amount	`SettlementOfDerivativeLiabilitiesAmount`	$4.26M	USD	Annual
Conversion of Preferred to Common Stock, Amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Shares issued upon exercise of warrants, Amount	`SharesIssuedUponExerciseOfWarrantsAmount`	-	USD	Annual
Balance, Amount	`StockholdersEquity`	$1.94M	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$-749.41K	USD	Point-in-time
Balance, Amount	`StockholdersEquity`	$-195.87K	USD	Point-in-time

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