10-Q Filing

MEDICAL INNOVATION HOLDINGS, INC. CIK: 1093248 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-003558`
Period End Date	20180131
Filing Date	20180319
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	mihi-20180131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 42 Cash Flow Statement 52

Balance Sheet 36 line items

Line Item	Tag	Value	Unit	Period
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`	39.88M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.88M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.46K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.60K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$33.86K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.89K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.88M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.88M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.46K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.89K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$6.46K	USD	Point-in-time
Total assets	`Assets`	$8.89K	USD	Point-in-time
Accrued Liabilities	`AccruedLiabilitiesCurrent`	$455.15K	USD	Point-in-time
Accrued Liabilities	`AccruedLiabilitiesCurrent`	$582.65K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$282.57K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$349.70K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$322.21K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$514.34K	USD	Point-in-time
Derivative Liability	`DerivativeLiabilitiesCurrent`	$189.31K	USD	Point-in-time
Derivative Liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$1.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.57M	USD	Point-in-time
Common stock; authorized 500,000,000; 39,880,022 shares at $0.0001 par value	`CommonStockValue`	$3.92K	USD	Point-in-time
Common stock; authorized 500,000,000; 39,880,022 shares at $0.0001 par value	`CommonStockValue`	$3.99K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$1.09M	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$440.86K	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-2.66M	USD	Point-in-time
Deficit accumulated	`RetainedEarningsAccumulatedDeficit`	$-1.56M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-1.12M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-1.56M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$8.89K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$6.46K	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenue:	`Revenues`	-	USD	1 Quarter
Revenue:	`Revenues`	$48.00K	USD	3 Qtrs
Revenue:	`Revenues`	-	USD	3 Qtrs
Revenue:	`Revenues`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$314.06K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$617.94K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$695.50K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$285.64K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$647.50K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$314.06K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$617.94K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$285.64K	USD	1 Quarter
Changes in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Changes in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$23.95K	USD	3 Qtrs
Changes in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	3 Qtrs
Changes in fair value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$6.08K	USD	1 Quarter
Interest Expense, net	`InterestExpenseOther`	-	USD	3 Qtrs
Interest Expense, net	`InterestExpenseOther`	-	USD	1 Quarter
Interest Expense, net	`InterestExpenseOther`	$115.98K	USD	1 Quarter
Interest Expense, net	`InterestExpenseOther`	$297.75K	USD	3 Qtrs
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$-103.42K	USD	1 Quarter
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$-221.62K	USD	3 Qtrs
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$118.20K	USD	Point-in-time
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	3 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-213.32K	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	-	USD	3 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-495.43K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-498.96K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-314.06K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-617.94K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-1.14M	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	39.50M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	39.50M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.98M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	38.59M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-498.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-314.06K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-617.94K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.14M	USD	3 Qtrs
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$-103.42K	USD	1 Quarter
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$-221.62K	USD	3 Qtrs
Loss on conversion of debt	`GainsLossesOnExtinguishmentOfDebt`	$118.20K	USD	Point-in-time
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	3 Qtrs
Change in value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Change in value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$23.95K	USD	3 Qtrs
Change in value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	3 Qtrs
Change in value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$6.08K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$104.80K	USD	3 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Financing costs	`FinancingCosts`	-	USD	3 Qtrs
Financing costs	`FinancingCosts`	$131.60K	USD	3 Qtrs
Shares for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Shares for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$149.31K	USD	3 Qtrs
Increase (Decrease) in Accrued Liabilities	`IncreaseDecreaseInAccruedLiabilities`	$389.33K	USD	3 Qtrs
Increase (Decrease) in Accrued Liabilities	`IncreaseDecreaseInAccruedLiabilities`	$180.84K	USD	3 Qtrs
Accrued Interest, net	`IncreaseDecreaseInInterestPayableNet`	$53.54K	USD	3 Qtrs
Accrued Interest, net	`IncreaseDecreaseInInterestPayableNet`	-	USD	3 Qtrs
Increase (Decrease) in Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$111.05K	USD	3 Qtrs
Increase (Decrease) in Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-165.81K	USD	3 Qtrs
Net Cash Used in Operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-245.11K	USD	3 Qtrs
Net Cash Used in Operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-363.43K	USD	3 Qtrs
Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$295.46K	USD	3 Qtrs
Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$161.00K	USD	3 Qtrs
Change due to Shareholders	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Change due to Shareholders	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Increase (Decrease) in Notes Payable	`IncreaseDecreaseInNotesPayableCurrent`	$-18.10K	USD	3 Qtrs
Increase (Decrease) in Notes Payable	`IncreaseDecreaseInNotesPayableCurrent`	$50.00K	USD	3 Qtrs
Increase (Decrease) in Convertible Notes Payable	`IncreaseDecreaseInConvertibleNotesPayable`	-	USD	3 Qtrs
Increase (Decrease) in Convertible Notes Payable	`IncreaseDecreaseInConvertibleNotesPayable`	$150.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$361.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$277.36K	USD	3 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$32.26K	USD	3 Qtrs
Net Increase (Decrease) in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.43K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.46K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.60K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.86K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.89K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.46K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.60K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$33.86K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.89K	USD	Point-in-time
Taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Interest	`InterestPaidNet`	-	USD	3 Qtrs
Interest	`InterestPaidNet`	-	USD	3 Qtrs

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