10-Q Filing

RX TECHNOLOGIES CORP. CIK: 1453086 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001161697-12-000351`
Period End Date	20120331
Filing Date	20120510
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	rxt-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 40 Cash Flow Statement 58

Balance Sheet 59 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`	10.00M	shares	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	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
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	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
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	78.12M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	84.52M	shares	Point-in-time
Gift Card Digest Website, net	`FiniteLivedMediaContentGross`	-	USD	Point-in-time
Gift Card Digest Website, net	`FiniteLivedMediaContentGross`	-	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	84.52M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	78.12M	shares	Point-in-time
RxTC Solutions	`FiniteLivedContractualRightsGross`	$10.00K	USD	Point-in-time
RxTC Solutions	`FiniteLivedContractualRightsGross`	$10.00K	USD	Point-in-time
Medipayments	`OtherFiniteLivedIntangibleAssetsGross`	$10.00K	USD	Point-in-time
Medipayments	`OtherFiniteLivedIntangibleAssetsGross`	$10.00K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$20.00K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$20.00K	USD	Point-in-time
Total Assets	`Assets`	$20.00K	USD	Point-in-time
Total Assets	`Assets`	$20.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$1.25K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$7.25K	USD	Point-in-time
Advances from Related Parties	`DueToRelatedPartiesCurrent`	$5.00K	USD	Point-in-time
Advances from Related Parties	`DueToRelatedPartiesCurrent`	$5.70K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$12.95K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.25K	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`	$12.95K	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.25K	USD	Point-in-time
Preferred Stock, par value $.001; 10,000,000 shares authorized; 0 issued and outstanding at March 31, 2011 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, par value $.001; 10,000,000 shares authorized; 0 issued and outstanding at March 31, 2011 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.001; 500,000,000 shares authorized; 84,521,850 shares issued and outstanding at March 31, 2012; 78,121,850 shares issued and outstanding at December 31, 2011	`CommonStockValue`	$78.12K	USD	Point-in-time
Common stock, par value $.001; 500,000,000 shares authorized; 84,521,850 shares issued and outstanding at March 31, 2012; 78,121,850 shares issued and outstanding at December 31, 2011	`CommonStockValue`	$84.52K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$132.60K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$142.20K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$203.67K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$212.97K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$13.75K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.05K	USD	Point-in-time
Total Liabilites and Stockholder's Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$20.00K	USD	Point-in-time
Total Liabilites and Stockholder's Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$20.00K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	-	USD	14 Qtrs
Net Sales	`SalesRevenueNet`	-	USD	1 Quarter
Net Sales	`SalesRevenueNet`	-	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	-	USD	14 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	14 Qtrs
General & Administrative	`GeneralAndAdministrativeExpense`	$1.50K	USD	1 Quarter
General & Administrative	`GeneralAndAdministrativeExpense`	$20.62K	USD	14 Qtrs
General & Administrative	`GeneralAndAdministrativeExpense`	$2.80K	USD	1 Quarter
Legal and Accounting	`ProfessionalFees`	$1.00K	USD	1 Quarter
Legal and Accounting	`ProfessionalFees`	$1.50K	USD	1 Quarter
Legal and Accounting	`ProfessionalFees`	$37.12K	USD	14 Qtrs
Fees to Directors	`FeesToDirectors`	-	USD	1 Quarter
Fees to Directors	`FeesToDirectors`	-	USD	1 Quarter
Fees to Directors	`FeesToDirectors`	$25.00K	USD	14 Qtrs
Consulting, Marketing and Advertising	`MarketingAndAdvertisingExpense`	$15.00K	USD	1 Quarter
Consulting, Marketing and Advertising	`MarketingAndAdvertisingExpense`	$5.00K	USD	1 Quarter
Consulting, Marketing and Advertising	`MarketingAndAdvertisingExpense`	$82.00K	USD	14 Qtrs
Amortization & Impairments	`AmortizationAndImpairmentsOfIntangibleAssets`	-	USD	1 Quarter
Amortization & Impairments	`AmortizationAndImpairmentsOfIntangibleAssets`	$1.83K	USD	1 Quarter
Amortization & Impairments	`AmortizationAndImpairmentsOfIntangibleAssets`	$48.22K	USD	14 Qtrs
Total Expenses	`OperatingExpenses`	$9.30K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$212.97K	USD	14 Qtrs
Total Expenses	`OperatingExpenses`	$19.33K	USD	1 Quarter
Net (loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-9.30K	USD	1 Quarter
Net (loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-19.33K	USD	1 Quarter
Net (loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-212.97K	USD	14 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	14 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-212.97K	USD	14 Qtrs
Net (loss)	`NetIncomeLoss`	$-19.33K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-9.30K	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasicAndDilutedOne`	59.26M	shares	1 Quarter
Weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasicAndDilutedOne`	78.19M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-212.97K	USD	14 Qtrs
Net loss	`NetIncomeLoss`	$-19.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.30K	USD	1 Quarter
Increase in amortization	`AmortizationOfIntangibleAssets`	$1.83K	USD	1 Quarter
Increase in amortization	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Increase in amortization	`AmortizationOfIntangibleAssets`	$6.00K	USD	14 Qtrs
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$100.00K	USD	14 Qtrs
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$10.00K	USD	1 Quarter
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$5.00K	USD	1 Quarter
Conversion of shareholder loan to equity	`ConversionOfRelatedShareholdersAdvances`	$7.50K	USD	1 Quarter
Conversion of shareholder loan to equity	`ConversionOfRelatedShareholdersAdvances`	$11.00K	USD	1 Quarter
Conversion of shareholder loan to equity	`ConversionOfRelatedShareholdersAdvances`	$27.50K	USD	14 Qtrs
Impairment Loss	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment Loss	`AssetImpairmentCharges`	$42.22K	USD	14 Qtrs
Impairment Loss	`AssetImpairmentCharges`	-	USD	1 Quarter
Acquisition of intellectual property	`IncreaseDecreaseInIntangibleAssetsCurrent`	-	USD	1 Quarter
Acquisition of intellectual property	`IncreaseDecreaseInIntangibleAssetsCurrent`	-	USD	1 Quarter
Acquisition of intellectual property	`IncreaseDecreaseInIntangibleAssetsCurrent`	$6.00K	USD	14 Qtrs
Increase/(Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-6.00K	USD	1 Quarter
Increase/(Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.50K	USD	1 Quarter
Increase/(Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.25K	USD	14 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-42.00K	USD	14 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$700.00	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.50K	USD	1 Quarter
Increase in due to related parties	`ProceedsFromRelatedPartyDebt`	$1.50K	USD	1 Quarter
Increase in due to related parties	`ProceedsFromRelatedPartyDebt`	$-700.00	USD	1 Quarter
Increase in due to related parties	`ProceedsFromRelatedPartyDebt`	$23.00K	USD	14 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$19.00K	USD	14 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.50K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-700.00	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.00K	USD	14 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	14 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
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`	-	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
CASH ENDING BALANCE	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH ENDING BALANCE	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Taxes paid	`IncomeTaxesPaid`	-	USD	14 Qtrs
Taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	14 Qtrs
Interest paid	`InterestPaid`	-	USD	1 Quarter
Issuance of common stock for acquisition of intellectual property	`IssuanceOfCommonStockForAcquisitionOfIntellectualProperty`	$25.00K	USD	1 Quarter
Issuance of common stock for acquisition of intellectual property	`IssuanceOfCommonStockForAcquisitionOfIntellectualProperty`	-	USD	1 Quarter
Issuance of common stock for acquisition of intellectual property	`IssuanceOfCommonStockForAcquisitionOfIntellectualProperty`	$62.22K	USD	14 Qtrs
Repayment of related party loan with stock	`RepaymentOfRelatedPartyLoanWithStock`	$11.00K	USD	1 Quarter
Repayment of related party loan with stock	`RepaymentOfRelatedPartyLoanWithStock`	-	USD	1 Quarter
Repayment of related party loan with stock	`RepaymentOfRelatedPartyLoanWithStock`	$29.00K	USD	14 Qtrs

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