10-Q Filing

RX TECHNOLOGIES CORP. CIK: 1453086 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001161697-11-000705`
Period End Date	20110630
Filing Date	20110810
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	rxt-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 59 Cash Flow Statement 45

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	66.12M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	55.82M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	55.82M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	66.12M	shares	Point-in-time
Gift Card Digest Website, net	`FiniteLivedMediaContentGross`	$1.83K	USD	Point-in-time
RxTC Solutions	`FiniteLivedContractualRightsGross`	$37.22K	USD	Point-in-time
RxTC Solutions	`FiniteLivedContractualRightsGross`	$37.22K	USD	Point-in-time
Medipayments	`OtherFiniteLivedIntangibleAssetsGross`	$25.00K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$39.06K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$62.22K	USD	Point-in-time
Total Assets	`Assets`	$39.06K	USD	Point-in-time
Total Assets	`Assets`	$62.22K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$5.00K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$7.40K	USD	Point-in-time
Advances from Related Parties	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Advances from Related Parties	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$7.40K	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total Long-term Liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.40K	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.00K	USD	Point-in-time
Preferred Stock, par value $.001; 10,000,000 shares authorized;0 issued and outstanding at June 30, 2011 and December 31, 2010	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, par value $.001; 10,000,000 shares authorized;0 issued and outstanding at June 30, 2011 and December 31, 2010	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.001; 500,000,000 shares authorized; 66,121,850 shares issued and outstanding at June 30, 2011 55,821,850 shares issued and outstanding at December 31, 2010;	`CommonStockValue`	$55.82K	USD	Point-in-time
Common stock, par value $.001; 500,000,000 shares authorized; 66,121,850 shares issued and outstanding at June 30, 2011 55,821,850 shares issued and outstanding at December 31, 2010;	`CommonStockValue`	$66.12K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$84.60K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$43.40K	USD	Point-in-time
Deficit accumulated during the development stage	`RetainedEarningsAccumulatedDeficit`	$-67.57K	USD	Point-in-time
Deficit accumulated during the development stage	`RetainedEarningsAccumulatedDeficit`	$-93.50K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$57.22K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$31.66K	USD	Point-in-time
Total Liabilites and Stockholder's Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$62.22K	USD	Point-in-time
Total Liabilites and Stockholder's Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$39.06K	USD	Point-in-time

Income Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueServicesNet`	-	USD	2 Qtrs
Net Sales	`SalesRevenueServicesNet`	-	USD	10 Qtrs
Net Sales	`SalesRevenueServicesNet`	-	USD	1 Quarter
Net Sales	`SalesRevenueServicesNet`	-	USD	1 Quarter
Net Sales	`SalesRevenueServicesNet`	-	USD	2 Qtrs
Cost of Sales	`CostOfGoodsSold`	-	USD	10 Qtrs
Cost of Sales	`CostOfGoodsSold`	-	USD	2 Qtrs
Cost of Sales	`CostOfGoodsSold`	-	USD	2 Qtrs
Cost of Sales	`CostOfGoodsSold`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	2 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	10 Qtrs
Gross Profit	`GrossProfit`	-	USD	2 Qtrs
General & Administrative	`OtherGeneralAndAdministrativeExpense`	$2.35K	USD	1 Quarter
General & Administrative	`OtherGeneralAndAdministrativeExpense`	$14.62K	USD	10 Qtrs
General & Administrative	`OtherGeneralAndAdministrativeExpense`	$5.90K	USD	1 Quarter
General & Administrative	`OtherGeneralAndAdministrativeExpense`	$3.85K	USD	2 Qtrs
General & Administrative	`OtherGeneralAndAdministrativeExpense`	$6.40K	USD	2 Qtrs
Legal and Accounting	`LegalAndAccounting`	$6.50K	USD	1 Quarter
Legal and Accounting	`LegalAndAccounting`	$8.00K	USD	2 Qtrs
Legal and Accounting	`LegalAndAccounting`	$30.88K	USD	10 Qtrs
Legal and Accounting	`LegalAndAccounting`	$5.25K	USD	2 Qtrs
Legal and Accounting	`LegalAndAccounting`	$4.25K	USD	1 Quarter
Fees to Directors	`FeesToDirectors`	$15.00K	USD	10 Qtrs
Consulting, Marketing and Advertising	`MarketingAndAdvertisingExpense`	$27.00K	USD	10 Qtrs
Consulting, Marketing and Advertising	`MarketingAndAdvertisingExpense`	$15.00K	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$1.83K	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$500.00	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$6.00K	USD	10 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$1.00K	USD	2 Qtrs
Total Expenses	`OperatingExpenses`	$93.50K	USD	10 Qtrs
Total Expenses	`OperatingExpenses`	$6.60K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$25.93K	USD	2 Qtrs
Total Expenses	`OperatingExpenses`	$12.90K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$15.40K	USD	2 Qtrs
Net (loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.60K	USD	1 Quarter
Net (loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-25.93K	USD	2 Qtrs
Net (loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-12.90K	USD	1 Quarter
Net (loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-93.50K	USD	10 Qtrs
Net (loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-15.40K	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	10 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net (loss)	`ProfitLoss`	$-12.90K	USD	1 Quarter
Net (loss)	`ProfitLoss`	$-15.40K	USD	2 Qtrs
Net (loss)	`ProfitLoss`	$-25.93K	USD	2 Qtrs
Net (loss)	`ProfitLoss`	$-6.60K	USD	1 Quarter
Net (loss)	`ProfitLoss`	$-93.50K	USD	10 Qtrs
Basic and diluted net loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	2 Qtrs
Basic and diluted net loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Basic and diluted net loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	2 Qtrs
Basic and diluted net loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndDilutedOne`	22.41M	shares	2 Qtrs
Weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndDilutedOne`	64.34M	shares	1 Quarter
Weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndDilutedOne`	61.80M	shares	2 Qtrs
Weighted average number of common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndDilutedOne`	34.81M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-12.90K	USD	1 Quarter
Net loss	`ProfitLoss`	$-15.40K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-25.93K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-6.60K	USD	1 Quarter
Net loss	`ProfitLoss`	$-93.50K	USD	10 Qtrs
Increase in amortization	`AmortizationOfIntangibleAssets`	$6.00K	USD	10 Qtrs
Increase in amortization	`AmortizationOfIntangibleAssets`	$1.00K	USD	2 Qtrs
Increase in amortization	`AmortizationOfIntangibleAssets`	$500.00	USD	1 Quarter
Increase in amortization	`AmortizationOfIntangibleAssets`	$1.83K	USD	2 Qtrs
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$35.00K	USD	10 Qtrs
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$10.00K	USD	2 Qtrs
Conversion of related shareholders advances	`ConversionOfRelatedShareholdersAdvances`	$16.50K	USD	10 Qtrs
Conversion of related shareholders advances	`ConversionOfRelatedShareholdersAdvances`	$16.50K	USD	2 Qtrs
Acquisition of intellectual property	`IncreaseDecreaseInIntangibleAssetsCurrent`	$6.00K	USD	10 Qtrs
Acquisition of intellectual property	`IncreaseDecreaseInIntangibleAssetsCurrent`	$-1.00K	USD	2 Qtrs
Increase/(Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableTrade`	$5.00K	USD	10 Qtrs
Increase/(Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableTrade`	$2.50K	USD	2 Qtrs
Increase/(Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableTrade`	$-2.40K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-37.00K	USD	10 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.90K	USD	2 Qtrs
Repayments of related party loan payable	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-6.00K	USD	10 Qtrs
Proceeeds from related party loan payable	`ProceedsFromRelatedPartyDebt`	$24.00K	USD	10 Qtrs
Proceeeds from related party loan payable	`ProceedsFromRelatedPartyDebt`	$11.00K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$19.00K	USD	10 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.00K	USD	10 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.00K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$100.00	USD	2 Qtrs
CASH BEGINNING BALANCE	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH BEGINNING BALANCE	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH BEGINNING BALANCE	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH BEGINNING BALANCE	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH BEGINNING BALANCE	`CashAndCashEquivalentsAtCarryingValue`	$100.00	USD	Point-in-time
CASH ENDING BALANCE	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH ENDING BALANCE	`CashAndCashEquivalentsAtCarryingValue`	$100.00	USD	Point-in-time
CASH ENDING BALANCE	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH ENDING BALANCE	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH ENDING BALANCE	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Taxes paid	`IncomeTaxesPaid`	-	USD	10 Qtrs
Interest paid	`InterestPaid`	-	USD	10 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Issuance of common stock for acquisition of intellectual property	`IssuanceOfCommonStockForAcquisitionOfIntellectualProperty`	$62.22K	USD	10 Qtrs
Issuance of common stock for acquisition of intellectual property	`IssuanceOfCommonStockForAcquisitionOfIntellectualProperty`	$25.00K	USD	2 Qtrs

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