10-Q Filing

MOJO DATA SOLUTIONS, INC. CIK: 1523486 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001493152-16-007229`
Period End Date	20140630
Filing Date	20160208
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	mjds-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 44 Cash Flow Statement 62 Stockholders Equity 20

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Unamortized discount of covertible note payable - related party	`DebtInstrumentUnamortizedDiscount`	$57.69K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$17.66K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.06K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$739.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$37.17K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$162.00	USD	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedParties`	$10.00K	USD	Point-in-time
Accounts receivable - related party	`AccountsReceivableRelatedParties`	-	USD	Point-in-time
Other receivable - related party	`OtherReceivableRelatedPartyCurrent`	$18.00K	USD	Point-in-time
Other receivable - related party	`OtherReceivableRelatedPartyCurrent`	-	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$2.96K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.44K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$23.23K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	10.39M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	15.76M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$65.17K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	15.76M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.61K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$12.25K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	10.39M	shares	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$1.02K	USD	Point-in-time
Total Assets	`Assets`	$79.80K	USD	Point-in-time
Total Assets	`Assets`	$35.47K	USD	Point-in-time
Cash overdraft	`CashOverdraftCurrent`	$4.14K	USD	Point-in-time
Cash overdraft	`CashOverdraftCurrent`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$563.55K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$49.31K	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Accounts payable - related party	`AccountsPayableRelatedPartiesCurrent`	$216.05K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$109.02K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$1.42M	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$774.09K	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayableCurrent`	$50.00K	USD	Point-in-time
Convertible note payable	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible note payable - related party, net of unamortized discont of $57,689	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Convertible note payable - related party, net of unamortized discont of $57,689	`NotesPayableRelatedPartiesClassifiedCurrent`	$22.31K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$450.82K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.76M	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	$147.63K	USD	Point-in-time
Notes payable	`LongTermNotesPayable`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.91M	USD	Point-in-time
Total Liabilities	`Liabilities`	$450.82K	USD	Point-in-time
Common stock, $0.001 par value; 300,000,000 shares authorized; 15,755,060 and 10,394,135 shares issued and outstanding, respectively	`CommonStockValue`	$10.39K	USD	Point-in-time
Common stock, $0.001 par value; 300,000,000 shares authorized; 15,755,060 and 10,394,135 shares issued and outstanding, respectively	`CommonStockValue`	$15.76K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$75.01K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$876.41K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.72M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-529.12K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.83M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-415.35K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$79.80K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$35.47K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$2.44K	USD	1 Quarter
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	$2.44K	USD	2 Qtrs
Revenues	`Revenues`	-	USD	2 Qtrs
Revenues - related party	`RevenueFromRelatedParties`	-	USD	1 Quarter
Revenues - related party	`RevenueFromRelatedParties`	-	USD	2 Qtrs
Revenues - related party	`RevenueFromRelatedParties`	$6.00K	USD	2 Qtrs
Revenues - related party	`RevenueFromRelatedParties`	-	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$6.00K	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	$2.44K	USD	2 Qtrs
Total revenues	`SalesRevenueNet`	-	USD	1 Quarter
Total revenues	`SalesRevenueNet`	$2.44K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$131.35K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$509.26K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$259.64K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$180.06K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$180.06K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$131.35K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$259.64K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$509.26K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-177.61K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-253.64K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-506.81K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-131.35K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$47.47K	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	$23.69K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$15.26K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$24.35K	USD	2 Qtrs
Total other income (expense)	`OtherOperatingIncomeExpenseNet`	$-24.35K	USD	2 Qtrs
Total other income (expense)	`OtherOperatingIncomeExpenseNet`	$-47.47K	USD	2 Qtrs
Total other income (expense)	`OtherOperatingIncomeExpenseNet`	$-15.26K	USD	1 Quarter
Total other income (expense)	`OtherOperatingIncomeExpenseNet`	$-23.69K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-301.12K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-155.03K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-192.88K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-531.16K	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.86M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	15.76M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.01M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.01M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-301.12K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-155.03K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-192.88K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-531.16K	USD	2 Qtrs
Depreciation	`Depreciation`	$1.36K	USD	2 Qtrs
Depreciation	`Depreciation`	$19.08K	USD	2 Qtrs
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$46.00K	USD	Point-in-time
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-46.00K	USD	2 Qtrs
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-1.00K	USD	2 Qtrs
Warrant expense	`WarrantExpense`	-	USD	2 Qtrs
Warrant expense	`WarrantExpense`	$45.94K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$13.95K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$22.31K	USD	2 Qtrs
(Increase) Decrease in: Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$400.00	USD	2 Qtrs
(Increase) Decrease in: Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.21K	USD	2 Qtrs
Increase (Decrease) in: Cash overdraft	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	-	USD	2 Qtrs
Increase (Decrease) in: Cash overdraft	`IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities`	-	USD	2 Qtrs
Increase (Decrease) in: Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.00K	USD	2 Qtrs
Increase (Decrease) in: Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$38.83K	USD	2 Qtrs
Increase (Decrease) in: Accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	-	USD	2 Qtrs
Increase (Decrease) in: Accounts payable - related party	`IncreaseDecreaseInAccountsPayableRelatedParties`	$206.05K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-222.90K	USD	2 Qtrs
Net Cash Used In Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-240.00K	USD	2 Qtrs
Cash received from sale of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	2 Qtrs
Cash received from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$8.28K	USD	2 Qtrs
Cash received from reverse merger	`CashReceivedFromReverseMerger`	-	USD	2 Qtrs
Cash received from reverse merger	`CashReceivedFromReverseMerger`	$-176.10K	USD	2 Qtrs
Net Cash Provided By Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$184.38K	USD	2 Qtrs
Net Cash Provided By Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Repayments on note payable	`ProceedsFromRepaymentsOfDebt`	$-15.95K	USD	2 Qtrs
Repayments on note payable	`ProceedsFromRepaymentsOfDebt`	-	USD	2 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$50.00K	USD	2 Qtrs
Net proceeds from (repayments to) related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$256.27K	USD	2 Qtrs
Net proceeds from (repayments to) related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-31.00K	USD	2 Qtrs
Net Cash Provided By (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$240.32K	USD	2 Qtrs
Net Cash Provided By (Used In) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$19.00K	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.52K	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$322.00	USD	2 Qtrs
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$17.66K	USD	Point-in-time
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.06K	USD	Point-in-time
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$739.00	USD	Point-in-time
Cash - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$37.17K	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$17.66K	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.06K	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$739.00	USD	Point-in-time
Cash - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$37.17K	USD	Point-in-time
Income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Interest	`InterestPaidNet`	-	USD	2 Qtrs
Interest	`InterestPaidNet`	$3.77K	USD	2 Qtrs
Convertible notes converted to stock	`DebtConversionConvertedInstrumentAmount1`	-	USD	2 Qtrs
Convertible notes converted to stock	`DebtConversionConvertedInstrumentAmount1`	$100.00K	USD	2 Qtrs
Accrued interest converted to stock	`AccruedInterestConvertedToStock`	-	USD	2 Qtrs
Accrued interest converted to stock	`AccruedInterestConvertedToStock`	$815.00	USD	2 Qtrs
Reclassification for reverse merger	`ReclassificationForReverseMerger`	$-280.20K	USD	2 Qtrs
Reclassification for reverse merger	`ReclassificationForReverseMerger`	-	USD	2 Qtrs
Extinguishment of MDS assets and liabilities not in APA	`ExtinguishmentOfAssetsAndLiabilitiesNonCashExpences`	-	USD	2 Qtrs
Extinguishment of MDS assets and liabilities not in APA	`ExtinguishmentOfAssetsAndLiabilitiesNonCashExpences`	$2.59M	USD	2 Qtrs
Exchange on asset purchase agreement from related party	`ExchangeOnAssetPurchaseAgreementFromRelatedPartyNonCashExpences`	$261.72K	USD	2 Qtrs
Exchange on asset purchase agreement from related party	`ExchangeOnAssetPurchaseAgreementFromRelatedPartyNonCashExpences`	-	USD	2 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-2.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$-415.35K	USD	Point-in-time
Exchange on asset purchase agreement from related party	`ExchangeOnAssetPurchaseAgreementFromRelatedParty`	$270.00K	USD	2 Qtrs
Reclassification for reserve merger	`ReclassificationForReserveMerger`	$-92.59K	USD	2 Qtrs
Reclassification for reserve merger, shares	`ReclassificationForReserveMergerShares`	-	shares	2 Qtrs
Extinguishment of MDS assets and liabilities not in APA	`ExtinguishmentOfAssetsAndLiabilities`	$2.58M	USD	2 Qtrs
Conversion of note into stock	`DebtConversionConvertedInstrumentAmount1`	-	USD	2 Qtrs
Conversion of note into stock	`DebtConversionConvertedInstrumentAmount1`	$100.00K	USD	2 Qtrs
Conversion of accrued interest to stock	`ConversionOfAccruedInterestToStock`	$815.00	USD	2 Qtrs
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$46.00K	USD	Point-in-time
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-46.00K	USD	2 Qtrs
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$-1.00K	USD	2 Qtrs
Shares issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	200,000.00	shares	Point-in-time
Warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$45.94K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-301.12K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-155.03K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-192.88K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-531.16K	USD	2 Qtrs
Balance	`StockholdersEquity`	$-2.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$-415.35K	USD	Point-in-time

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