10-Q Filing

MEDICAL INNOVATION HOLDINGS, INC. CIK: 1093248 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-011238`
Period End Date	20170731
Filing Date	20171004
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	mihi-20170731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 34 Income Statement 17 Cash Flow Statement 41

Balance Sheet 34 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
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.60K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.18M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.89K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.24M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$69.82K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$30.69K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.89K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.18M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$30.69K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.24M	shares	Point-in-time
Total assets	`Assets`	$30.69K	USD	Point-in-time
Total assets	`Assets`	$8.89K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$900.85K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$804.85K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$322.21K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$341.57K	USD	Point-in-time
Derivative Liability	`DerivativeLiabilitiesCurrent`	$108.20K	USD	Point-in-time
Derivative Liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$1.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.35M	USD	Point-in-time
Common stock; authorized 500,000,000; 39,235,022 shares at $0.0001 par value as of July 31, 2017 and 39,175,022 shares at $0.0001 par value as of April 30, 2017	`CommonStockValue`	$3.92K	USD	Point-in-time
Common stock; authorized 500,000,000; 39,235,022 shares at $0.0001 par value as of July 31, 2017 and 39,175,022 shares at $0.0001 par value as of April 30, 2017	`CommonStockValue`	$3.92K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$440.86K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$589.06K	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-1.56M	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-1.91M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.12M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-1.32M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$30.69K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$8.89K	USD	Point-in-time

Income Statement 17 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$179.20K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$246.68K	USD	1 Quarter
Changes in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Changes in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$5.82K	USD	1 Quarter
Interest Expense, net	`InterestExpenseOther`	$-46.76K	USD	1 Quarter
Interest Expense, net	`InterestExpenseOther`	-	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$118.20K	USD	Point-in-time
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$118.20K	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$170.78K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-246.68K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-349.98K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.64M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	39.24M	shares	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-246.68K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-349.98K	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$118.20K	USD	Point-in-time
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$118.20K	USD	1 Quarter
Loss on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Change in value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Change in value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$5.82K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$5.14K	USD	1 Quarter
Financing costs	`FinancingCosts`	$27.38K	USD	1 Quarter
Financing costs	`FinancingCosts`	-	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	-	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$14.24K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$126.00K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$141.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Net Cash Used in Operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-105.68K	USD	1 Quarter
Net Cash Used in Operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-53.20K	USD	1 Quarter
Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$172.00K	USD	1 Quarter
Change due to Shareholders	`ProceedsFromRelatedPartyDebt`	$1.90K	USD	1 Quarter
Change due to Shareholders	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from Note Payable- Unrelated Party	`ProceedsFromNotesPayable`	$75.00K	USD	1 Quarter
Proceeds from Note Payable- Unrelated Party	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$173.90K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$75.00K	USD	1 Quarter
Increase in cash during the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.80K	USD	1 Quarter
Increase in cash during the period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$68.22K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.60K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.89K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$69.82K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.69K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.60K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.89K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$69.82K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.69K	USD	Point-in-time
Taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Interest	`InterestPaidNet`	-	USD	1 Quarter
Interest	`InterestPaidNet`	-	USD	1 Quarter

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