10-K Filing

5BARZ INTERNATIONAL, INC. CIK: 1454124 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001017386-16-000428`
Period End Date	20151231
Filing Date	20160427
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	barzob-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 46 Cash Flow Statement 71 Stockholders Equity 27

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, authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Cash	`Cash`	$294.56K	USD	Point-in-time
Cash	`Cash`	$25.10K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	298.10M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	213.38M	shares	Point-in-time
Inventories	`InventoryNet`	$167.06K	USD	Point-in-time
Common stock,outstanding	`CommonStockSharesOutstanding`	298.10M	shares	Point-in-time
Inventories	`InventoryNet`	$165.09K	USD	Point-in-time
Common stock,outstanding	`CommonStockSharesOutstanding`	213.38M	shares	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$119.06K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseAndOtherAssetsCurrent`	$73.71K	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$1.33K	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	-	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$263.90K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$582.01K	USD	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$143.97K	USD	Point-in-time
Furniture and equipment, net	`PropertyPlantAndEquipmentNet`	$262.36K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.75M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.24M	USD	Point-in-time
Goodwill	`Goodwill`	$1.14M	USD	Point-in-time
Goodwill	`Goodwill`	$1.14M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssets`	$3.89M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssets`	$4.38M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.62M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.90M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.00M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.87M	USD	Point-in-time
Derivative liabilities	`DerivativeFairValueOfDerivativeLiability`	$1.87M	USD	Point-in-time
Derivative liabilities	`DerivativeFairValueOfDerivativeLiability`	$547.94K	USD	Point-in-time
Capital lease obligation ( current portion )	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Capital lease obligation ( current portion )	`CapitalLeaseObligationsCurrent`	$70.00K	USD	Point-in-time
Notes payable, net of debt discount	`NotesAndLoansPayableCurrent`	$280.49K	USD	Point-in-time
Notes payable, net of debt discount	`NotesAndLoansPayableCurrent`	$2.88M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$3.76M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$9.75M	USD	Point-in-time
Capital lease obligation (non- current portion )	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Capital lease obligation (non- current portion )	`CapitalLeaseObligationsNoncurrent`	$50.91K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$9.75M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.82M	USD	Point-in-time
Common stock, $.001 par value, 400,000,000 shares authorized; 298,097,334 and 213,384,526 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$213.38K	USD	Point-in-time
Common stock, $.001 par value, 400,000,000 shares authorized; 298,097,334 and 213,384,526 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$298.10K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$15.14M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$19.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.26M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$31.63K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$30.27K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$537.57K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$568.29K	USD	Point-in-time
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY	`StockholdersEquity`	$3.36M	USD	Point-in-time
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY	`StockholdersEquity`	$-5.13M	USD	Point-in-time
TOTAL STOCKHOLDERS' (DEFICIT) EQUITY	`StockholdersEquity`	$1.09M	USD	Point-in-time
TOTAL AND STOCKHOLDERS' (DEFICIT) EQUITY	`LiabilitiesAndStockholdersEquity`	$4.62M	USD	Point-in-time
TOTAL AND STOCKHOLDERS' (DEFICIT) EQUITY	`LiabilitiesAndStockholdersEquity`	$4.90M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsGross`	$2.35K	USD	Annual
Sales	`SalesRevenueGoodsGross`	-	USD	Annual
Cost of Sales	`CostOfGoodsAndServicesSold`	$6.99K	USD	Annual
Cost of Sales	`CostOfGoodsAndServicesSold`	-	USD	Annual
Gross profit (loss)	`GrossProfit`	-	USD	Annual
Gross profit (loss)	`GrossProfit`	$-4.64K	USD	Annual
Amortization and depreciation	`DepreciationAndAmortization`	$566.93K	USD	Annual
Amortization and depreciation	`DepreciationAndAmortization`	$282.64K	USD	Annual
Bank charges and interest	`InterestAndDebtExpense`	$1.49M	USD	Annual
Bank charges and interest	`InterestAndDebtExpense`	$74.47K	USD	Annual
Sales and marketing expenses	`SellingAndMarketingExpense`	$1.21M	USD	Annual
Sales and marketing expenses	`SellingAndMarketingExpense`	$1.18M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$4.12M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$3.15M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.70M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.18M	USD	Annual
Total operating expenses	`OperatingExpenses`	$9.56M	USD	Annual
Total operating expenses	`OperatingExpenses`	$9.40M	USD	Annual
Loss from operations	`IncomeLossFromContinuingOperations`	$-9.40M	USD	Annual
Loss from operations	`IncomeLossFromContinuingOperations`	$-9.56M	USD	Annual
Interest income	`InterestAndOtherIncome`	-	USD	Annual
Interest income	`InterestAndOtherIncome`	$58.00	USD	Annual
Change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings`	$-224.43K	USD	Annual
Change in fair value of derivative liability	`FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings`	$45.36K	USD	Annual
Interest expense-debt discount	`InterestExpenseDebtExcludingAmortization`	$754.76K	USD	Annual
Interest expense-debt discount	`InterestExpenseDebtExcludingAmortization`	$105.50K	USD	Annual
Liquidation expenses 5BARz AG	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax`	$-14.58K	USD	Annual
Liquidation expenses 5BARz AG	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax`	$-155.25K	USD	Annual
Total other expense	`OtherExpenses`	$344.46K	USD	Annual
Total other expense	`OtherExpenses`	$864.66K	USD	Annual
Net loss before non-controlling interest	`OperatingIncomeLoss`	$-9.74M	USD	Annual
Net loss before non-controlling interest	`OperatingIncomeLoss`	$-10.43M	USD	Annual
Non-controlling interest share of net loss	`IncomeLossAttributableToNoncontrollingInterest`	$-51.60K	USD	Annual
Non-controlling interest share of net loss	`IncomeLossAttributableToNoncontrollingInterest`	$-30.72K	USD	Annual
Net loss after non-controlling interest	`NetIncomeLoss`	$-10.40M	USD	Annual
Net loss after non-controlling interest	`NetIncomeLoss`	$-9.69M	USD	Annual
Basic and diluted (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	Annual
Basic and diluted (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	179.38M	shares	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	232.85M	shares	Annual
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-1.36K	USD	Annual
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$2.40K	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.40K	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.36K	USD	Annual
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-9.69M	USD	Annual
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-10.40M	USD	Annual

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net loss	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-9.74M	USD	Annual
Net loss	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-10.43M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$282.64K	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$566.93K	USD	Annual
Stock based compensation	`AllocatedShareBasedCompensationExpense`	$375.70K	USD	Annual
Stock based compensation	`AllocatedShareBasedCompensationExpense`	$1.68M	USD	Annual
Change in fair value of derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$224.43K	USD	Annual
Change in fair value of derivative liability	`IncreaseDecreaseInDerivativeLiabilities`	$-45.36K	USD	Annual
Common shares issued for services	`CommonSharesIssuedForServices`	$491.72K	USD	Annual
Common shares issued for services	`CommonSharesIssuedForServices`	$1.24M	USD	Annual
Interest expense- debt discount	`AmortizationOfDebtDiscountPremium`	$105.50K	USD	Annual
Interest expense- debt discount	`AmortizationOfDebtDiscountPremium`	$754.76K	USD	Annual
Liquidation of AG	`GainLossOnSaleOfBusiness`	$155.25K	USD	Annual
Liquidation of AG	`GainLossOnSaleOfBusiness`	-	USD	Annual
Change in inventories	`IncreaseDecreaseInInventories`	$-1.97K	USD	Annual
Change in inventories	`IncreaseDecreaseInInventories`	$-3.19K	USD	Annual
Change in note receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$65.00K	USD	Annual
Change in note receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$-1.33K	USD	Annual
Change in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.52M	USD	Annual
Change in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.95M	USD	Annual
Change in prepaid expenses and deposits	`IncreaseDecreaseInPrepaidExpense`	$-45.35K	USD	Annual
Change in prepaid expenses and deposits	`IncreaseDecreaseInPrepaidExpense`	$-10.73K	USD	Annual
Change in due to escrow agent	`IncreaseDecreaseInDepositOtherAssets`	$-52.32K	USD	Annual
Change in unpaid interest and penalties on notes payable	`IncreaseDecreaseInInterestPayableNet`	$1.44M	USD	Annual
Change in unpaid interest and penalties on notes payable	`IncreaseDecreaseInInterestPayableNet`	$2.59K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.44M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.04M	USD	Annual
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$9.42K	USD	Annual
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$52.03K	USD	Annual
Purchase of furniture and equipment assets	`PaymentsToAcquireMachineryAndEquipment`	$22.41K	USD	Annual
Purchase of furniture and equipment assets	`PaymentsToAcquireMachineryAndEquipment`	$115.60K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-167.63K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.83K	USD	Annual
Proceeds from issuance of convertible notes	`ProceedsFromNotesPayable`	$2.48M	USD	Annual
Proceeds from issuance of convertible notes	`ProceedsFromNotesPayable`	$400.00K	USD	Annual
Proceeds used to settle notes payable	`ProceedsUsedToSettleNotesPayable`	$54.00K	USD	Annual
Proceeds used to settle notes payable	`ProceedsUsedToSettleNotesPayable`	$1.07M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$4.84M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.96M	USD	Annual
Proceeds from issuance of common stock by subsidiary - 5BARz AG	`ProceedsFromIssuanceOrSaleOfEquity`	$33.55K	USD	Annual
Proceeds from issuance of common stock by subsidiary - 5BARz AG	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	Annual
Cancellation of capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$39.56K	USD	Annual
Cancellation of capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$18.80K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.18M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.35M	USD	Annual
Effect of foreign currency exchange	`UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax`	$-3.25K	USD	Annual
Effect of foreign currency exchange	`UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax`	$2.40K	USD	Annual
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-425.11K	USD	Annual
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$269.46K	USD	Annual
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$25.10K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$294.56K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$450.21K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$25.10K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$294.56K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$450.21K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$12.38K	USD	Annual
Cash paid for interest	`InterestPaid`	$11.72K	USD	Annual
Conversion of notes payable	`ConversionOfNotesPayable`	$70.30K	USD	Annual
Conversion of notes payable	`ConversionOfNotesPayable`	$458.85K	USD	Annual
Settlement of accounts payable with common stock	`SettlementOfAccountsPayableWithCommonStock`	$109.00K	USD	Annual
Settlement of accounts payable with common stock	`SettlementOfAccountsPayableWithCommonStock`	$105.00K	USD	Annual
Settlement of notes payable with common stock	`SettlementOfNotesPayableWithCommonStock`	-	USD	Annual
Settlement of notes payable with common stock	`SettlementOfNotesPayableWithCommonStock`	$66.70K	USD	Annual
Issuance of warrants in connection with debt	`IssuanceOfWarrantsInConnectionWithDebt`	$600.00K	USD	Annual
Issuance of warrants in connection with debt	`IssuanceOfWarrantsInConnectionWithDebt`	-	USD	Annual
Reclassification warrants to derivative liabilities from equity	`ReclassificationOfDerivativeLiabilityToEquity`	$1.82M	USD	Annual
Reclassification warrants to derivative liabilities from equity	`ReclassificationOfDerivativeLiabilityToEquity`	-	USD	Annual
Lease obligation	`CapitalLeaseObligationsIncurred`	-	USD	Annual
Lease obligation	`CapitalLeaseObligationsIncurred`	$120.91K	USD	Annual
Cancellation of capital lease	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	Annual
Cancellation of capital lease	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$83.94K	USD	Annual

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$3.36M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-5.13M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$1.09M	USD	Point-in-time
Shares issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$2.96M	USD	Annual
Shares issued for cash, amount	`StockIssuedDuringPeriodValueNewIssues`	$4.84M	USD	Annual
Shares issued for services, amount	`ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity`	$1.24M	USD	Annual
Shares issued for services, amount	`ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity`	$491.72K	USD	Annual
Shares issued for debt, amount	`StockIssuedDuringPeriodValueOther`	$105.00K	USD	Annual
Shares issued for debt, amount	`StockIssuedDuringPeriodValueOther`	$109.00K	USD	Annual
Conversion of convertible note, amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$66.70K	USD	Annual
Conversion of convertible note, amount	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$458.85K	USD	Annual
Shares sold by 5BARz AG	`ProceedsFromContributionsFromParent`	$33.55K	USD	Annual
Stock option expense	`StockOptionPlanExpense`	$375.70K	USD	Annual
Stock option expense	`StockOptionPlanExpense`	$1.48M	USD	Annual
Warrants issued for services	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$157.56K	USD	Annual
Warrants issued with debt	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$132.69K	USD	Annual
Warrants issued with debt	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$531.47K	USD	Annual
Beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$366.65K	USD	Annual
Beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$117.31K	USD	Annual
Reclassification of Warrants to derivative liability upon issuance	`ReclassificationForPaymentWarrant`	$-1.82M	USD	Annual
Net loss	`ProfitLoss`	$-10.43M	USD	Annual
Net loss	`ProfitLoss`	$-9.74M	USD	Annual
Foreign currency gain (loss) -AOCI	`ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1`	$2.40K	USD	Annual
Foreign currency gain (loss) -AOCI	`ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1`	$-1.36K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$3.36M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-5.13M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$1.09M	USD	Point-in-time

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