10-Q Filing

TRUCEPT, INC. CIK: 947011 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001062993-11-003392`
Period End Date	20110630
Filing Date	20110818
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	sttk-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 44 Cash Flow Statement 77 Stockholders Equity 13

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$882.07K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$234.55K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$269.42K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$728.58K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$346.85K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$781.72K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.69M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$368.12K	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Receivable from related parties	`OtherReceivablesNetCurrent`	-	USD	Point-in-time
Receivable from related parties	`OtherReceivablesNetCurrent`	$275.00K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$2.41M	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$2.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.36M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	49.21M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.89M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	24.31M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	49.21M	shares	Point-in-time
Equipment, net of accumulated depreciation	`MachineryAndEquipmentGross`	$47.50K	USD	Point-in-time
Equipment, net of accumulated depreciation	`MachineryAndEquipmentGross`	$81.32K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	24.31M	shares	Point-in-time
Total Assets	`Assets`	$4.93M	USD	Point-in-time
Total Assets	`Assets`	$4.45M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.26M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.77M	USD	Point-in-time
Management salaries payable	`AccruedSalariesCurrent`	$205.64K	USD	Point-in-time
Management salaries payable	`AccruedSalariesCurrent`	$388.42K	USD	Point-in-time
Total current liabilities	`Liabilities`	$4.16M	USD	Point-in-time
Total current liabilities	`Liabilities`	$3.46M	USD	Point-in-time
Preferred stock: $0.001 par value, 5,000,000 shares authorized, zero shares of Class A preferred issued and outstanding at June 30, 2011 and December 31, 2010	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: $0.001 par value, 5,000,000 shares authorized, zero shares of Class A preferred issued and outstanding at June 30, 2011 and December 31, 2010	`PreferredStockValue`	-	USD	Point-in-time
Common stock: $0.001 par value, 500,000,000 shares authorized, 49,212,123 issued and outstanding at June 30, 2011 (December 31, 2010 - 24,314,124)	`CommonStockValue`	$49.21K	USD	Point-in-time
Common stock: $0.001 par value, 500,000,000 shares authorized, 49,212,123 issued and outstanding at June 30, 2011 (December 31, 2010 - 24,314,124)	`CommonStockValue`	$24.32K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$7.27M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.34M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$774.99K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$983.16K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-438.16K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$4.45M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$4.93M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$10.62M	USD	2 Qtrs
Revenue	`Revenues`	$6.40M	USD	1 Quarter
Revenue	`Revenues`	$2.97M	USD	1 Quarter
Revenue	`Revenues`	$5.48M	USD	2 Qtrs
Cost of revenue and service delivery	`CostOfRevenue`	$4.72M	USD	1 Quarter
Cost of revenue and service delivery	`CostOfRevenue`	$2.17M	USD	1 Quarter
Cost of revenue and service delivery	`CostOfRevenue`	$3.76M	USD	2 Qtrs
Cost of revenue and service delivery	`CostOfRevenue`	$7.67M	USD	2 Qtrs
Gross profit	`GrossProfit`	$799.76K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.72M	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.96M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.69M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.17M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.47M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.27M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.11M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-211.93K	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-585.61K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$255.58K	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-314.88K	USD	1 Quarter
Interest	`InterestExpense`	$13.55K	USD	1 Quarter
Interest	`InterestExpense`	$2.92K	USD	1 Quarter
Interest	`InterestExpense`	$23.88K	USD	2 Qtrs
Interest	`InterestExpense`	$4.42K	USD	2 Qtrs
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-317.80K	USD	1 Quarter
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-599.16K	USD	1 Quarter
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$251.16K	USD	2 Qtrs
Net income (loss) from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-235.81K	USD	2 Qtrs
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	2 Qtrs
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-432.17K	USD	2 Qtrs
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-155.99K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-181.00K	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-599.16K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-473.78K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-235.81K	USD	2 Qtrs
Loss per share, basic and diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Loss per share, basic and diluted	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Loss per share, basic and diluted	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Loss per share, basic and diluted	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.31M	shares	1 Quarter
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.80M	shares	1 Quarter
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.07M	shares	2 Qtrs
Weighted average shares outstanding basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.31M	shares	2 Qtrs

Cash Flow Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net loss from continuing operations for the period	`NetIncomeLoss`	$-599.16K	USD	1 Quarter
Net loss from continuing operations for the period	`NetIncomeLoss`	$-317.80K	USD	1 Quarter
Net loss from continuing operations for the period	`NetIncomeLoss`	$-235.81K	USD	2 Qtrs
Net loss from continuing operations for the period	`NetIncomeLoss`	$1.26M	USD	2 Qtrs
Net loss from continuing operations for the period	`NetIncomeLoss`	$251.16K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$12.31K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.10K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.26K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.61K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$428.01K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-236.28K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$229.38K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.32M	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidExpense`	$595.00K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidExpense`	$424.01K	USD	2 Qtrs
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidExpense`	$-816.38K	USD	1 Quarter
Prepaid expenses and deposits	`IncreaseDecreaseInPrepaidExpense`	$-105.15K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-514.09K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-412.21K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$65.46K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$82.48K	USD	1 Quarter
Management salaries payable	`IncreaseDecreaseInAccruedSalaries`	$-182.77K	USD	2 Qtrs
Management salaries payable	`IncreaseDecreaseInAccruedSalaries`	-	USD	1 Quarter
Management salaries payable	`IncreaseDecreaseInAccruedSalaries`	-	USD	2 Qtrs
Management salaries payable	`IncreaseDecreaseInAccruedSalaries`	$205.64K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-136.75K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.86K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.50K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-662.16K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	$7.36K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	$35.67K	USD	2 Qtrs
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	$7.24K	USD	1 Quarter
Purchase of equipment	`PaymentsToAcquireMachineryAndEquipment`	$46.12K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.12K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.24K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.67K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.36K	USD	1 Quarter
Due from related parties	`RepaymentsOfRelatedPartyDebt`	$275.00K	USD	2 Qtrs
Due from related parties	`RepaymentsOfRelatedPartyDebt`	$-378.92K	USD	1 Quarter
Due from related parties	`RepaymentsOfRelatedPartyDebt`	$-388.42K	USD	1 Quarter
Due from related parties	`RepaymentsOfRelatedPartyDebt`	$-388.42K	USD	2 Qtrs
Issuance of shares	`ProceedsFromIssuanceOfCommonStock`	$443.98K	USD	1 Quarter
Issuance of shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Issuance of shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Issuance of shares	`ProceedsFromIssuanceOfCommonStock`	$443.98K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$168.98K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$388.42K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$822.89K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$388.42K	USD	1 Quarter
Net increase in cash from continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$244.31K	USD	1 Quarter
Net increase in cash from continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$356.60K	USD	2 Qtrs
Net increase in cash from continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$153.49K	USD	1 Quarter
Net increase in cash from continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$100.35K	USD	2 Qtrs
Net decrease in cash from discontinuing operations	`NetCashProvidedByUsedInDiscontinuedOperations`	-	USD	1 Quarter
Net decrease in cash from discontinuing operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-321.73K	USD	1 Quarter
Net decrease in cash from discontinuing operations	`NetCashProvidedByUsedInDiscontinuedOperations`	-	USD	2 Qtrs
Net decrease in cash from discontinuing operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-321.73K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$100.35K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$153.49K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-77.42K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$34.87K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$882.07K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$234.55K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$269.42K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$728.58K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$346.85K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$781.72K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$882.07K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$234.55K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$269.42K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$728.58K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$346.85K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$781.72K	USD	Point-in-time
Interest paid	`InterestPaid`	$2.92K	USD	1 Quarter
Interest paid	`InterestPaid`	$13.55K	USD	1 Quarter
Interest paid	`InterestPaid`	$23.88K	USD	2 Qtrs
Interest paid	`InterestPaid`	$4.42K	USD	2 Qtrs

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$774.99K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$983.16K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-438.16K	USD	Point-in-time
Shares issued	`StockIssuedDuringPeriodValueNewIssues`	$443.98K	USD	2 Qtrs
Shares cancelled for amended Marketing Partner Agreement	`StockRepurchasedAndRetiredDuringPeriodValue`	$-45.00K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$-599.16K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-317.80K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-235.81K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$1.26M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$251.16K	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$774.99K	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$983.16K	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-438.16K	USD	Point-in-time

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