10-K Filing

RICH PHARMACEUTICALS, INC. CIK: 1504389 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001662252-18-000076`
Period End Date	20180331
Filing Date	20180717
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	rcha-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 50 Cash Flow Statement 66 Stockholders Equity 15

Balance Sheet 67 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, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	40.00B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	375.03M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	40.00B	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	900,000.00	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	101.45M	shares	Point-in-time
Common Stock, Issued	`CommonStockSharesIssued`	1.71B	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.22K	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.90K	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
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.99K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Notes receivable	`NotesAndLoansReceivableGrossCurrent`	$10.00K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Notes receivable	`NotesAndLoansReceivableGrossCurrent`	$15.30K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$50.90K	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	6.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$24.52K	USD	Point-in-time
Preferred Stock, Issued	`PreferredStockSharesIssued`	6.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$913.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.12K	USD	Point-in-time
Convertible notes payable, debt discount	`DebtInstrumentUnamortizedDiscountCurrent`	$356.82K	USD	Point-in-time
Convertible notes payable, debt discount	`DebtInstrumentUnamortizedDiscountCurrent`	$312.67K	USD	Point-in-time
Securities available for sale	`AvailableForSaleSecuritiesNoncurrent`	$12.00K	USD	Point-in-time
Securities available for sale	`AvailableForSaleSecuritiesNoncurrent`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$53.03K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$37.43K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$296.63K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$327.15K	USD	Point-in-time
Accounts payable related party	`AccountsPayableRelatedPartyCurrent`	$393.95K	USD	Point-in-time
Accounts payable related party	`AccountsPayableRelatedPartyCurrent`	$53.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$937.78K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.84M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$49.40K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$16.32K	USD	Point-in-time
Note payable	`LongTermDebtCurrent`	$920.00K	USD	Point-in-time
Note payable	`LongTermDebtCurrent`	$900.00K	USD	Point-in-time
Convertible notes payable, net of debt discount of $312,669 and $356,819	`ConvertibleNotesPayableCurrent`	$815.04K	USD	Point-in-time
Convertible notes payable, net of debt discount of $312,669 and $356,819	`ConvertibleNotesPayableCurrent`	$514.08K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$2.61M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesCurrent`	$2.10M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.40M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.38M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.40M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.38M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	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, $0.001 par value, 40,000,000,000 shares authorized, 1,709,057,821 and 101,446,215 shares issued and outstanding,	`CommonStockValue`	$1.71M	USD	Point-in-time
Common stock, $0.001 par value, 40,000,000,000 shares authorized, 1,709,057,821 and 101,446,215 shares issued and outstanding,	`CommonStockValue`	$101.45K	USD	Point-in-time
Common stock to be issued	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Common stock to be issued	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$-100.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.44M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-5.33M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-6.36M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-2.39M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$37.43K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$53.03K	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	Annual
REVENUES	`Revenues`	$115.00K	USD	Annual
Consulting expenses	`ProfessionalAndContractServicesExpense`	$45.55K	USD	Annual
Consulting expenses	`ProfessionalAndContractServicesExpense`	$127.05K	USD	Annual
Office expenses	`OperatingCostsAndExpenses`	$123.62K	USD	Annual
Office expenses	`OperatingCostsAndExpenses`	$177.48K	USD	Annual
Depreciation expense	`Depreciation`	$1.61K	USD	Annual
Depreciation expense	`Depreciation`	$1.21K	USD	Annual
Wages and taxes	`LaborAndRelatedExpense`	$362.63K	USD	Annual
Wages and taxes	`LaborAndRelatedExpense`	$555.41K	USD	Annual
Professional fees	`ProfessionalFees`	$144.27K	USD	Annual
Professional fees	`ProfessionalFees`	$220.41K	USD	Annual
Regulatory fees	`RegulatoryExpense`	$19.02K	USD	Annual
Regulatory fees	`RegulatoryExpense`	$55.89K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$332.63K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$71.93K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$48.02K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Travel, meals and entertainment	`TravelAndEntertainmentExpense`	$59.04K	USD	Annual
Travel, meals and entertainment	`TravelAndEntertainmentExpense`	$57.44K	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$1.45M	USD	Annual
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$951.82K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.34M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-951.82K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$-956.87K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$-272.18K	USD	Annual
Change in value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss`	$1.11M	USD	Annual
Change in value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss`	$-1.55M	USD	Annual
Derivative expense	`OtherComprehensiveIncomeDerivativesExpense`	$-608.95K	USD	Annual
Derivative expense	`OtherComprehensiveIncomeDerivativesExpense`	$-549.81K	USD	Annual
Interest expense	`InterestExpense`	$-663.63K	USD	Annual
Interest expense	`InterestExpense`	$-224.83K	USD	Annual
Interest expense related party	`InterestExpenseRelatedParty`	$-614.00	USD	Annual
Interest expense related party	`InterestExpenseRelatedParty`	$-536.00	USD	Annual
Gain on sale of securities available for sale	`DebtSecuritiesRealizedGainLoss`	$52.00K	USD	Annual
Gain on sale of securities available for sale	`DebtSecuritiesRealizedGainLoss`	-	USD	Annual
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$70.48K	USD	Annual
Gain (Loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-213.29K	USD	Annual
TOTAL OTHER INCOME EXPENSES	`NonoperatingIncomeExpense`	$-2.29M	USD	Annual
TOTAL OTHER INCOME EXPENSES	`NonoperatingIncomeExpense`	$-355.95K	USD	Annual
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.69M	USD	Annual
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-3.24M	USD	Annual
PROVISION FOR INCOME TAXES	`CurrentIncomeTaxExpenseBenefit`	-	USD	Annual
PROVISION FOR INCOME TAXES	`CurrentIncomeTaxExpenseBenefit`	-	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-3.24M	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.69M	USD	Annual
NET INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	Annual
NET INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	41.40M	shares	Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	763.47M	shares	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-3.24M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-1.69M	USD	Annual
Depreciation expense	`Depreciation`	$1.61K	USD	Annual
Depreciation expense	`Depreciation`	$1.21K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$-956.87K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$-272.18K	USD	Annual
Change in value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss`	$1.11M	USD	Annual
Change in value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss`	$-1.55M	USD	Annual
Derivative expense	`OtherComprehensiveIncomeDerivativesExpense`	$-608.95K	USD	Annual
Derivative expense	`OtherComprehensiveIncomeDerivativesExpense`	$-549.81K	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$70.48K	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-213.29K	USD	Annual
Interest converted into stock	`DebtConversionInterestAccruedConvertedInstrumentAmount`	$11.01K	USD	Annual
Interest converted into stock	`DebtConversionInterestAccruedConvertedInstrumentAmount`	-	USD	Annual
Warrants issued for services	`ProceedsFromIssuanceOfWarrants`	$45.47K	USD	Annual
Warrants issued for services	`ProceedsFromIssuanceOfWarrants`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$48.02K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Increase (decrease) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.80K	USD	Annual
Increase (decrease) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.99K	USD	Annual
Increase (decrease) in bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-2.95K	USD	Annual
Increase (decrease) in bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$110.20K	USD	Annual
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$371.46K	USD	Annual
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.07M	USD	Annual
Increase in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$407.63K	USD	Annual
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-553.39K	USD	Annual
Net Cash Used by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-508.48K	USD	Annual
Increase in notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$5.30K	USD	Annual
Increase in notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$10.00K	USD	Annual
Increase in securities available for sale	`IncreaseDecreaseInMarketableSecuritiesRestricted`	$12.00K	USD	Annual
Increase in securities available for sale	`IncreaseDecreaseInMarketableSecuritiesRestricted`	-	USD	Annual
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.30K	USD	Annual
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.00K	USD	Annual
Loans received (repaid) from/to related parties	`LoansAndLeasesReceivableRelatedPartiesAdditions`	$-33.08K	USD	Annual
Loans received (repaid) from/to related parties	`LoansAndLeasesReceivableRelatedPartiesAdditions`	$-27.52K	USD	Annual
Proceeds from sale of common stock and warrants	`ProceedsFromSaleOfCommonStockAndStockWarrants`	$100.00K	USD	Annual
Proceeds from sale of common stock and warrants	`ProceedsFromSaleOfCommonStockAndStockWarrants`	-	USD	Annual
Proceeds from (repayment) of note payable	`ProceedsFromIssuanceOfDebt`	$20.00K	USD	Annual
Proceeds from (repayment) of note payable	`ProceedsFromIssuanceOfDebt`	$-20.00K	USD	Annual
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$611.82K	USD	Annual
Proceeds from issuance of convertible notes payable	`ProceedsFromConvertibleDebt`	$444.17K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$491.10K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$604.30K	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$40.90K	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-34.68K	USD	Annual
Cash and cash equivalents, beginning of period	`Cash`	-	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$6.22K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`Cash`	$40.90K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	-	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$6.22K	USD	Point-in-time
Cash and cash equivalents, end of period	`Cash`	$40.90K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Accounts payable converted into note payable	`AccountsPayableConvertedIntoNotePayable`	-	USD	Annual
Accounts payable converted into note payable	`AccountsPayableConvertedIntoNotePayable`	$900.00K	USD	Annual
Warrants issued for accrued expenses	`WarrantsIssuedForAccruedExpenses`	$36.00K	USD	Annual
Warrants issued for accrued expenses	`WarrantsIssuedForAccruedExpenses`	-	USD	Annual
Original issue discounts recorded on notes payable	`OriginalIssueDiscountsRecordedOnNotesPayable`	$30.00K	USD	Annual
Original issue discounts recorded on notes payable	`OriginalIssueDiscountsRecordedOnNotesPayable`	$24.85K	USD	Annual
Debt discounts recorded on convertible notes payable	`DebtDiscountsRecordedOnConvertibleNotesPayable`	$887.87K	USD	Annual
Debt discounts recorded on convertible notes payable	`DebtDiscountsRecordedOnConvertibleNotesPayable`	$543.86K	USD	Annual
Debt/interest converted into common stock and contributed capital	`DebtConversionConvertedInstrumentAmount1`	$389.10K	USD	Annual
Debt/interest converted into common stock and contributed capital	`DebtConversionConvertedInstrumentAmount1`	$391.96K	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$-5.33M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-6.36M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-2.39M	USD	Point-in-time
Stock issued for services, amount	`StockIssuedDuringPeriodValueIssuedForServices`	$48.02K	USD	Annual
Warrants issued for services, amount	`WarrantsIssuedForServicesAmount`	$45.47K	USD	Annual
Stock issued for debt conversion, amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$389.96K	USD	Annual
Stock issued for debt conversion, amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$150.94K	USD	Annual
Derivative liability closed to APIC	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$62.79K	USD	Annual
Derivative liability closed to APIC	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$169.54K	USD	Annual
Stock to be Issued, shares	`StockIssuedDuringPeriodSharesUnissued`	100,000.00	shares	Annual
Net loss	`NetIncomeLoss`	$-3.24M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.69M	USD	Annual
Ending balance, amount	`StockholdersEquity`	$-5.33M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-6.36M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-2.39M	USD	Point-in-time

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