10-Q Filing

RX TECHNOLOGIES CORP. CIK: 1453086 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001161697-12-000597`
Period End Date	20120630
Filing Date	20120802
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	rxt-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 68 Cash Flow Statement 60

Balance Sheet 62 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, 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	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
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
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
Inventory	`InventoryNet`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Common stock, par value per stock	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value per stock	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value per stock	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	94.44M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	78.12M	shares	Point-in-time
Gift Card Digest Website, net	`FiniteLivedMediaContentGross`	-	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	78.12M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	94.44M	shares	Point-in-time
Gift Card Digest Website, net	`FiniteLivedMediaContentGross`	-	USD	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`	$7.25K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$3.75K	USD	Point-in-time
Advances from Related Parties	`DueToRelatedPartiesCurrent`	$5.70K	USD	Point-in-time
Advances from Related Parties	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$12.95K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.75K	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`	$3.75K	USD	Point-in-time
Preferred Stock, par value $.001; 10,000,000 shares authorized; 0 issued and outstanding at June 30, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, par value $.001; 10,000,000 shares authorized; 0 issued and outstanding at June 30, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.001; 500,000,000 shares authorized; 94,441,850 shares issued and outstanding at June 30, 2012; 78,121,850 shares issued and outstanding at December 31, 2011	`CommonStockValue`	$94.44K	USD	Point-in-time
Common stock, par value $.001; 500,000,000 shares authorized; 94,441,850 shares issued and outstanding at June 30, 2012; 78,121,850 shares issued and outstanding at December 31, 2011	`CommonStockValue`	$78.12K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$132.60K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$144.68K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$222.87K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$203.67K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$7.05K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$16.25K	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 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	-	USD	2 Qtrs
Net sales	`SalesRevenueNet`	-	USD	2 Qtrs
Net sales	`SalesRevenueNet`	-	USD	1 Quarter
Net sales	`SalesRevenueNet`	-	USD	1 Quarter
Net sales	`SalesRevenueNet`	-	USD	14 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	-	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	-	USD	14 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	-	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	14 Qtrs
Gross Profit	`GrossProfit`	-	USD	2 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	2 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
General & Administrative	`GeneralAndAdministrativeExpense`	$2.35K	USD	1 Quarter
General & Administrative	`GeneralAndAdministrativeExpense`	$2.40K	USD	1 Quarter
General & Administrative	`GeneralAndAdministrativeExpense`	$3.85K	USD	2 Qtrs
General & Administrative	`GeneralAndAdministrativeExpense`	$23.02K	USD	14 Qtrs
General & Administrative	`GeneralAndAdministrativeExpense`	$5.20K	USD	2 Qtrs
Legal and Accounting	`ProfessionalFees`	$39.62K	USD	14 Qtrs
Legal and Accounting	`ProfessionalFees`	$4.00K	USD	2 Qtrs
Legal and Accounting	`ProfessionalFees`	$5.25K	USD	2 Qtrs
Legal and Accounting	`ProfessionalFees`	$2.50K	USD	1 Quarter
Legal and Accounting	`ProfessionalFees`	$4.25K	USD	1 Quarter
Fees paid to directors	`FeesToDirectors`	$25.00K	USD	14 Qtrs
Fees paid to directors	`FeesToDirectors`	-	USD	1 Quarter
Fees paid to directors	`FeesToDirectors`	-	USD	2 Qtrs
Fees paid to directors	`FeesToDirectors`	-	USD	1 Quarter
Fees paid to directors	`FeesToDirectors`	-	USD	2 Qtrs
Consulting, Marketing and Advertising	`MarketingAndAdvertisingExpense`	$5.00K	USD	1 Quarter
Consulting, Marketing and Advertising	`MarketingAndAdvertisingExpense`	-	USD	1 Quarter
Consulting, Marketing and Advertising	`MarketingAndAdvertisingExpense`	$15.00K	USD	2 Qtrs
Consulting, Marketing and Advertising	`MarketingAndAdvertisingExpense`	$10.00K	USD	2 Qtrs
Consulting, Marketing and Advertising	`MarketingAndAdvertisingExpense`	$87.00K	USD	14 Qtrs
Amortization and Impairments	`AmortizationAndImpairmentsOfIntangibleAssets`	-	USD	1 Quarter
Amortization and Impairments	`AmortizationAndImpairmentsOfIntangibleAssets`	-	USD	2 Qtrs
Amortization and Impairments	`AmortizationAndImpairmentsOfIntangibleAssets`	$48.22K	USD	14 Qtrs
Amortization and Impairments	`AmortizationAndImpairmentsOfIntangibleAssets`	$1.83K	USD	2 Qtrs
Amortization and Impairments	`AmortizationAndImpairmentsOfIntangibleAssets`	-	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$9.90K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$222.87K	USD	14 Qtrs
Total Expenses	`OperatingExpenses`	$25.93K	USD	2 Qtrs
Total Expenses	`OperatingExpenses`	$6.60K	USD	1 Quarter
Total Expenses	`OperatingExpenses`	$19.20K	USD	2 Qtrs
Net (loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-222.87K	USD	14 Qtrs
Net (loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-9.90K	USD	1 Quarter
Net (loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-19.20K	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
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 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
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-19.20K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-25.93K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-9.90K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-222.87K	USD	14 Qtrs
Net (loss)	`NetIncomeLoss`	$-6.60K	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	2 Qtrs
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	2 Qtrs
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasicAndDilutedOne`	81.41M	shares	2 Qtrs
Weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasicAndDilutedOne`	61.80M	shares	2 Qtrs
Weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasicAndDilutedOne`	84.63M	shares	1 Quarter
Weighted average number of common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasicAndDilutedOne`	64.34M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-19.20K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-25.93K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-9.90K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-222.87K	USD	14 Qtrs
Net loss	`NetIncomeLoss`	$-6.60K	USD	1 Quarter
Increase in amortization	`AmortizationOfIntangibleAssets`	$1.83K	USD	2 Qtrs
Increase in amortization	`AmortizationOfIntangibleAssets`	$6.00K	USD	14 Qtrs
Increase in amortization	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$105.00K	USD	14 Qtrs
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$10.00K	USD	2 Qtrs
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$10.00K	USD	2 Qtrs
Conversion of related shareholders advances	`ConversionOfRelatedShareholdersAdvances`	$34.90K	USD	14 Qtrs
Conversion of related shareholders advances	`ConversionOfRelatedShareholdersAdvances`	$16.50K	USD	2 Qtrs
Conversion of related shareholders advances	`ConversionOfRelatedShareholdersAdvances`	$18.40K	USD	2 Qtrs
Impairment loss	`AssetImpairmentCharges`	$42.22K	USD	14 Qtrs
Impairment loss	`AssetImpairmentCharges`	-	USD	2 Qtrs
Impairment loss	`AssetImpairmentCharges`	-	USD	2 Qtrs
Acquisition of intellectual property	`IncreaseDecreaseInIntangibleAssetsCurrent`	$6.00K	USD	14 Qtrs
Acquisition of intellectual property	`IncreaseDecreaseInIntangibleAssetsCurrent`	-	USD	2 Qtrs
Acquisition of intellectual property	`IncreaseDecreaseInIntangibleAssetsCurrent`	-	USD	2 Qtrs
Increase/(Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.75K	USD	14 Qtrs
Increase/(Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.40K	USD	2 Qtrs
Increase/(Decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.50K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-37.00K	USD	14 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.70K	USD	2 Qtrs
Increase/(decrease) in due to related parties	`ProceedsFromRelatedPartyDebt`	$-5.70K	USD	2 Qtrs
Increase/(decrease) in due to related parties	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Increase/(decrease) in due to related parties	`ProceedsFromRelatedPartyDebt`	$18.00K	USD	14 Qtrs
Increase in notes payable	`ProceedsFromRepaymentsOfNotesPayable`	-	USD	2 Qtrs
Increase in notes payable	`ProceedsFromRepaymentsOfNotesPayable`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$19.00K	USD	14 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.00K	USD	14 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.70K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	14 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	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 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	2 Qtrs
Taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	-	USD	14 Qtrs
Issuance of common stock for acquisition of intellectual property	`IssuanceOfCommonStockForAcquisitionOfIntellectualProperty`	-	USD	2 Qtrs
Issuance of common stock for acquisition of intellectual property	`IssuanceOfCommonStockForAcquisitionOfIntellectualProperty`	$62.22K	USD	14 Qtrs
Issuance of common stock for acquisition of intellectual property	`IssuanceOfCommonStockForAcquisitionOfIntellectualProperty`	$25.00K	USD	2 Qtrs
Repayment of related party loan with stock	`RepaymentOfRelatedPartyLoanWithStock`	-	USD	2 Qtrs
Repayment of related party loan with stock	`RepaymentOfRelatedPartyLoanWithStock`	$36.40K	USD	14 Qtrs
Repayment of related party loan with stock	`RepaymentOfRelatedPartyLoanWithStock`	$18.40K	USD	2 Qtrs

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