10-Q Filing

Xenetic Biosciences, Inc. CIK: 1534525 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001504167-14-000015`
Period End Date	20131130
Filing Date	20140110
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	gaif-20131130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 28 Cash Flow Statement 32

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Cash	`Cash`	$32.01K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$40.08K	USD	Point-in-time
Cash	`Cash`	$32.01K	USD	Point-in-time
Cash	`Cash`	$53.22K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Issued and outstanding	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableGrossCurrent`	$10.50K	USD	Point-in-time
Preferred Stock, Issued and outstanding	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableGrossCurrent`	$4.60K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.73K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.22K	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
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$72.94K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$53.40K	USD	Point-in-time
Property, plant and equipment, net of accumulated amortization and depreciation of $76,308 and	`PropertyPlantAndEquipmentNet`	$395.58K	USD	Point-in-time
Property, plant and equipment, net of accumulated amortization and depreciation of $76,308 and	`PropertyPlantAndEquipmentNet`	$413.87K	USD	Point-in-time
Common Stock, Issued and outstanding	`CommonStockSharesIssued`	135.00M	shares	Point-in-time
Common Stock, Issued and outstanding	`CommonStockSharesIssued`	135.00M	shares	Point-in-time
Total assets	`Assets`	$486.81K	USD	Point-in-time
Total assets	`Assets`	$448.99K	USD	Point-in-time
Accumulated Amortization and Depreciation, property and plant equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$76.31K	USD	Point-in-time
Accumulated Amortization and Depreciation, property and plant equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$58.03K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$308.64K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$429.69K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$26.38K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$32.08K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$456.08K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$340.72K	USD	Point-in-time
Line of credit	`LineOfCredit`	$160.00K	USD	Point-in-time
Line of credit	`LineOfCredit`	-	USD	Point-in-time
Note payable	`NotesAndLoansPayableCurrent`	$212.81K	USD	Point-in-time
Note payable	`NotesAndLoansPayableCurrent`	$212.81K	USD	Point-in-time
Total long-term debt	`LongTermDebtCurrent`	$372.81K	USD	Point-in-time
Total long-term debt	`LongTermDebtCurrent`	$212.81K	USD	Point-in-time
Total liabilities	`Liabilities`	$668.89K	USD	Point-in-time
Total liabilities	`Liabilities`	$713.53K	USD	Point-in-time
Preferred stock, $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding at November 30, 2013 and August 31, 2013, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding at November 30, 2013 and August 31, 2013, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 300,000,000 shares authorized, 135,000,000 shares issued and outstanding at November 30, 2013 and August 31, 2013, respectively	`CommonStockValue`	$135.00K	USD	Point-in-time
Common stock, $0.001 par value; 300,000,000 shares authorized, 135,000,000 shares issued and outstanding at November 30, 2013 and August 31, 2013, respectively	`CommonStockValue`	$135.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-399.54K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-317.08K	USD	Point-in-time
Total stockholders' (deficit)	`StockholdersEquity`	$-182.08K	USD	Point-in-time
Total stockholders' (deficit)	`StockholdersEquity`	$-264.54K	USD	Point-in-time
Total liabilities and stockholders' (deficit)	`LiabilitiesAndStockholdersEquity`	$486.81K	USD	Point-in-time
Total liabilities and stockholders' (deficit)	`LiabilitiesAndStockholdersEquity`	$448.99K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue, net of cost of sales	`Revenues`	$2.17K	USD	1 Quarter
Revenue, net of cost of sales	`Revenues`	$32.96K	USD	1 Quarter
Aircraft maintenance and fee	`EquipmentExpense`	-	USD	1 Quarter
Aircraft maintenance and fee	`EquipmentExpense`	$12.00K	USD	1 Quarter
Fuel and oil	`ProductionCosts`	$11.94K	USD	1 Quarter
Fuel and oil	`ProductionCosts`	-	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$7.75K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$60.61K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.25K	USD	1 Quarter
Depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease`	$18.28K	USD	1 Quarter
Depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease`	$5.31K	USD	1 Quarter
Administrative fees	`AdministrativeFeesExpense`	$45.00	USD	1 Quarter
Administrative fees	`AdministrativeFeesExpense`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$44.25K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$78.94K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-11.28K	USD	1 Quarter
Net loss from operations	`OperatingIncomeLoss`	$-76.77K	USD	1 Quarter
Interest expense	`InterestExpense`	$-5.70K	USD	1 Quarter
Interest expense	`InterestExpense`	$-3.20K	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$-3.20K	USD	1 Quarter
Total other income (expense)	`OtherExpenses`	$-5.70K	USD	1 Quarter
Net income (loss)	`IncomeLossFromContinuingOperations`	$-14.48K	USD	1 Quarter
Net income (loss)	`IncomeLossFromContinuingOperations`	$-82.46K	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	135.00M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	13.50M	shares	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-14.48K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-82.46K	USD	1 Quarter
Depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease`	$18.28K	USD	1 Quarter
Depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease`	$5.31K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-32.96K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.90K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$491.00	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-121.06K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$38.93K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$5.70K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$3.20K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-173.14K	USD	1 Quarter
Proceeds from loan payable	`ProceedsFromNotesPayable`	$160.00K	USD	1 Quarter
Proceeds from loan payable	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$160.00K	USD	1 Quarter
Net increase in cash	`CashPeriodIncreaseDecrease`	-	USD	1 Quarter
Net increase in cash	`CashPeriodIncreaseDecrease`	$-13.14K	USD	1 Quarter
Cash at beginning of period	`Cash`	$32.01K	USD	Point-in-time
Cash at beginning of period	`Cash`	$40.08K	USD	Point-in-time
Cash at beginning of period	`Cash`	$32.01K	USD	Point-in-time
Cash at beginning of period	`Cash`	$53.22K	USD	Point-in-time
Cash at end of period	`Cash`	$32.01K	USD	Point-in-time
Cash at end of period	`Cash`	$40.08K	USD	Point-in-time
Cash at end of period	`Cash`	$32.01K	USD	Point-in-time
Cash at end of period	`Cash`	$53.22K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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