10-Q Filing

MEDICAL INNOVATION HOLDINGS, INC. CIK: 1093248 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-000259`
Period End Date	20171031
Filing Date	20180108
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	mihi-20171031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 34 Income Statement 42 Cash Flow Statement 51

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`	$95.06K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.24M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$15.78K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.24M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.89K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.60K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.89K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.24M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.24M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$95.06K	USD	Point-in-time
Total assets	`Assets`	$95.06K	USD	Point-in-time
Total assets	`Assets`	$8.89K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$914.17K	USD	Point-in-time
Accounts Payable and Accrued Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$804.85K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$625.65K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$322.21K	USD	Point-in-time
Derivative Liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative Liability	`DerivativeLiabilitiesCurrent`	$68.34K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.13M	USD	Point-in-time
Common stock; authorized 500,000,000; 39,235,022 shares at $0.0001 par value	`CommonStockValue`	$3.92K	USD	Point-in-time
Common stock; authorized 500,000,000; 39,235,022 shares at $0.0001 par value	`CommonStockValue`	$3.92K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$589.06K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$440.86K	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-2.11M	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-1.56M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-1.51M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-1.12M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$8.89K	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$95.06K	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenue:	`Revenues`	$48.00K	USD	2 Qtrs
Revenue:	`Revenues`	-	USD	2 Qtrs
Revenue:	`Revenues`	-	USD	1 Quarter
Revenue:	`Revenues`	$48.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$303.88K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$57.20K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$278.65K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$409.86K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$303.88K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$361.86K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$230.65K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$57.20K	USD	1 Quarter
Changes in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$11.91K	USD	1 Quarter
Changes in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	2 Qtrs
Changes in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Changes in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$6.08K	USD	2 Qtrs
Interest Expense, net	`InterestExpenseOther`	$86.31K	USD	1 Quarter
Interest Expense, net	`InterestExpenseOther`	-	USD	1 Quarter
Interest Expense, net	`InterestExpenseOther`	$118.52K	USD	2 Qtrs
Interest Expense, net	`InterestExpenseOther`	-	USD	2 Qtrs
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$118.20K	USD	Point-in-time
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$118.20K	USD	1 Quarter
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$-118.20K	USD	2 Qtrs
Total non operating expense	`NonoperatingIncomeExpense`	$-74.40K	USD	1 Quarter
Total non operating expense	`NonoperatingIncomeExpense`	$-230.64K	USD	2 Qtrs
Total non operating expense	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total non operating expense	`NonoperatingIncomeExpense`	-	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-57.20K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-303.88K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-592.50K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-305.06K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.94M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	39.25M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	38.51M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	39.25M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-57.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-303.88K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-592.50K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-305.06K	USD	1 Quarter
loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$118.20K	USD	Point-in-time
loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$118.20K	USD	1 Quarter
loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$-118.20K	USD	2 Qtrs
Change in value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$11.91K	USD	1 Quarter
Change in value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	2 Qtrs
Change in value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Change in value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$6.08K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$10.15K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Financing costs	`FinancingCosts`	-	USD	2 Qtrs
Financing costs	`FinancingCosts`	$27.38K	USD	1 Quarter
Financing costs	`FinancingCosts`	$68.34K	USD	2 Qtrs
Increase (Decrease) in Accrued Liabilities	`IncreaseDecreaseInAccruedLiabilities`	$180.84K	USD	2 Qtrs
Increase (Decrease) in Accrued Liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-184.00K	USD	2 Qtrs
Accrued Interest, net	`IncreaseDecreaseInInterestPayableNet`	$32.21K	USD	2 Qtrs
Accrued Interest, net	`IncreaseDecreaseInInterestPayableNet`	-	USD	2 Qtrs
Increase (Decrease) in Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$259.87K	USD	2 Qtrs
Increase (Decrease) in Accounts Payable	`IncreaseDecreaseInAccountsPayable`	-	USD	2 Qtrs
Net Cash Used in Operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-228.02K	USD	2 Qtrs
Net Cash Used in Operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-188.84K	USD	2 Qtrs
Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$242.20K	USD	2 Qtrs
Change due to Shareholders	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Change due to Shareholders	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Increase (Decrease) in Notes Payable	`IncreaseDecreaseInNotesPayableCurrent`	-	USD	2 Qtrs
Increase (Decrease) in Notes Payable	`IncreaseDecreaseInNotesPayableCurrent`	-	USD	2 Qtrs
Increase (Decrease) in Convertible Notes Payable	`IncreaseDecreaseInConvertibleNotesPayable`	-	USD	2 Qtrs
Increase (Decrease) in Convertible Notes Payable	`IncreaseDecreaseInConvertibleNotesPayable`	$275.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$242.20K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$275.00K	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.18K	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$86.16K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$95.06K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.78K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.89K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.60K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$95.06K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.78K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.89K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.60K	USD	Point-in-time
Taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Interest	`InterestPaidNet`	-	USD	2 Qtrs
Interest	`InterestPaidNet`	-	USD	2 Qtrs

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