10-Q Filing

RICH PHARMACEUTICALS, INC. CIK: 1504389 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001647488-15-000117`
Period End Date	20150630
Filing Date	20150925
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	rcha-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 46 Cash Flow Statement 57

Balance Sheet 59 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, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	37.50B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	37.50B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$90.00	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.89K	USD	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	1.54B	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	3.25B	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.89K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$4.83K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$7.58K	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
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$23.47K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.92K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$670.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$788.00	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	6.00M	shares	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	6.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$788.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.59K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$24.26K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$910.27K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$915.58K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$246.41K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$200.89K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$200.89K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$6.07K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$6.14K	USD	Point-in-time
Convertible notes payable, net of debt discount	`ConvertibleNotesPayableCurrent`	$254.41K	USD	Point-in-time
Convertible notes payable, net of debt discount	`ConvertibleNotesPayableCurrent`	$402.13K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$139.98K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$226.41K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.66M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.65M	USD	Point-in-time
Convertible notes payable, net of debt discount	`ConvertibleLongTermNotesPayable`	$6.08K	USD	Point-in-time
Convertible notes payable, net of debt discount	`ConvertibleLongTermNotesPayable`	$4.91K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$77.78K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$109.03K	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	$83.86K	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	$113.95K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.76M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.74M	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 6,000,000 shares issued and outstanding, respectively	`PreferredStockValue`	$6.00K	USD	Point-in-time
Preferred stock, $.001 par value, 10,000,000 shares authorized, 6,000,000 shares issued and outstanding, respectively	`PreferredStockValue`	$6.00K	USD	Point-in-time
Common stock, $.001 par value, 37,503,000,000 shares authorized, 3,245,337,213 and 1,541,083,957 shares issued and outstanding,	`CommonStockValue`	$1.54M	USD	Point-in-time
Common stock, $.001 par value, 37,503,000,000 shares authorized, 3,245,337,213 and 1,541,083,957 shares issued and outstanding,	`CommonStockValue`	$3.25M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.08M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.76M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.72M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$24.26K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$5.59K	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
Consulting expenses	`CostOfServices`	$6.00K	USD	1 Quarter
Consulting expenses	`CostOfServices`	$80.00K	USD	1 Quarter
Office expenses	`OperatingCostsAndExpenses`	$20.75K	USD	1 Quarter
Office expenses	`OperatingCostsAndExpenses`	$22.84K	USD	1 Quarter
Depreciation expense	`Depreciation`	$118.00	USD	1 Quarter
Depreciation expense	`Depreciation`	$473.00	USD	1 Quarter
Depreciation expense	`Depreciation`	$118.00	USD	1 Quarter
Wages and taxes	`LaborAndRelatedExpense`	$151.08K	USD	1 Quarter
Wages and taxes	`LaborAndRelatedExpense`	$91.72K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$65.95K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$125.88K	USD	1 Quarter
Regulatory fees	`RegulatoryExpense`	$1.06K	USD	1 Quarter
Regulatory fees	`RegulatoryExpense`	$1.67K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$7.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$120.29K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$130.09K	USD	1 Quarter
Travel, meals and entertainment	`TravelAndEntertainmentExpense`	$2.61K	USD	1 Quarter
Travel, meals and entertainment	`TravelAndEntertainmentExpense`	$16.94K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$518.21K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$325.91K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-518.21K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-325.91K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$-165.63K	USD	1 Quarter
Change in value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss`	-	USD	1 Quarter
Change in value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss`	$-48.41K	USD	1 Quarter
Derivative expense	`OtherComprehensiveIncomeDerivativesExpense`	$191.84K	USD	1 Quarter
Derivative expense	`OtherComprehensiveIncomeDerivativesExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$-12.70K	USD	1 Quarter
Interest expense	`InterestExpense`	$-2.25K	USD	1 Quarter
Interest expense related party	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Interest expense related party	`InterestExpenseRelatedParty`	$-74.00	USD	1 Quarter
Other Income Total	`OtherExpenses`	$-2.25K	USD	1 Quarter
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-520.46K	USD	1 Quarter
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-647.74K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`CurrentIncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`CurrentIncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-520.46K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-647.74K	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	417.09M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.13B	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net loss for the year	`NetIncomeLoss`	$-520.46K	USD	1 Quarter
Net loss for the year	`NetIncomeLoss`	$-647.74K	USD	1 Quarter
Depreciation expense	`Depreciation`	$118.00	USD	1 Quarter
Depreciation expense	`Depreciation`	$473.00	USD	1 Quarter
Depreciation expense	`Depreciation`	$118.00	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$-165.63K	USD	1 Quarter
Change in value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss`	-	USD	1 Quarter
Change in value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss`	$-48.41K	USD	1 Quarter
Derivative expense	`OtherComprehensiveIncomeDerivativesExpense`	$191.84K	USD	1 Quarter
Derivative expense	`OtherComprehensiveIncomeDerivativesExpense`	-	USD	1 Quarter
Warrants issued for services	`ProceedsFromIssuanceOfWarrants`	-	USD	1 Quarter
Warrants issued for services	`ProceedsFromIssuanceOfWarrants`	$13.26K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$120.29K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$130.09K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.74K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-100.00K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$67.69K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.30K	USD	1 Quarter
Increase in bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	1 Quarter
Increase in bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$1.86K	USD	1 Quarter
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$78.61K	USD	1 Quarter
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$45.52K	USD	1 Quarter
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-141.65K	USD	1 Quarter
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-351.89K	USD	1 Quarter
Loans and interest received (repaid) from/to related parties	`LoansAndLeasesReceivableRelatedPartiesAdditions`	$74.00	USD	1 Quarter
Loans and interest received (repaid) from/to related parties	`LoansAndLeasesReceivableRelatedPartiesAdditions`	$-31.00K	USD	1 Quarter
Proceeds from sale of common stock and stock warrants	`ProceedsFromSaleOfCommonStockAndStockWarrants`	$29.46K	USD	1 Quarter
Proceeds from sale of common stock and stock warrants	`ProceedsFromSaleOfCommonStockAndStockWarrants`	$275.00K	USD	1 Quarter
Proceeds from the issuance of convertible note payable	`ProceedsFromConvertibleDebt`	$95.50K	USD	1 Quarter
Proceeds from the issuance of convertible note payable	`ProceedsFromConvertibleDebt`	$96.31K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$125.84K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$339.50K	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.39K	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.80K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`Cash`	-	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$15.89K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$90.00	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$12.39K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	-	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$15.89K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$90.00	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$12.39K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Stock deposits reclassified as common stock and stock warrants	`StockDepositsReclassifiedAsCommonStockAndStockWarrants`	$147.05K	USD	1 Quarter
Stock deposits reclassified as common stock and stock warrants	`StockDepositsReclassifiedAsCommonStockAndStockWarrants`	-	USD	1 Quarter
Original issue discounts recorded on notes payable	`OriginalIssueDiscountsRecordedOnNotesPayable`	-	USD	1 Quarter
Original issue discounts recorded on notes payable	`OriginalIssueDiscountsRecordedOnNotesPayable`	$11.53K	USD	1 Quarter
Common stock issued for accrued expenses	`StockIssuedDuringPeriodValueAccruedExpenses`	-	USD	1 Quarter
Common stock issued for accrued expenses	`StockIssuedDuringPeriodValueAccruedExpenses`	$300.00K	USD	1 Quarter
Acquisition of intangibles for stock	`StockIssuedDuringPeriodValueAcquisitions`	-	USD	1 Quarter
Acquisition of intangibles for stock	`StockIssuedDuringPeriodValueAcquisitions`	$123.97K	USD	1 Quarter
Debt and interest converted to common stock and contributed capital	`DebtConversionConvertedInstrumentAmount1`	$499.82K	USD	1 Quarter
Debt and interest converted to common stock and contributed capital	`DebtConversionConvertedInstrumentAmount1`	$28.82K	USD	1 Quarter

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