10-Q Filing

GUARDIAN 8 HOLDINGS CIK: 1429592 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001185185-12-000954`
Period End Date	20120331
Filing Date	20120510
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	grdh-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 41 Cash Flow Statement 58

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Fixed assets, accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	-	USD	Point-in-time
Fixed assets, accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$167.00	USD	Point-in-time
Website, accumulated amortization (in Dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization1`	$2.60K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$290.83K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$195.89K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$230.83K	USD	Point-in-time
Website, accumulated amortization (in Dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization1`	$4.56K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$21.64K	USD	Point-in-time
Accumulated amortization (in Dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$1.46K	USD	Point-in-time
Accumulated amortization (in Dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$1.33K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$64.14K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$260.04K	USD	Point-in-time
Notes payable- related party, discount (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$31.32K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.64K	USD	Point-in-time
Notes payable- related party, discount (in Dollars)	`DebtInstrumentUnamortizedDiscount`	$30.98K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Fixed assets, net of accumulated depreciation of $167 and $0 as of March 31, 2012 and December 31, 2011	`PropertyPlantAndEquipmentNet`	$4.84K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Website, net of accumulated amortization of $4,556 and $2,604 as of March 31, 2012 and December 31, 2011	`OtherIntangibleAssetsNet`	$18.88K	USD	Point-in-time
Website, net of accumulated amortization of $4,556 and $2,604 as of March 31, 2012 and December 31, 2011	`OtherIntangibleAssetsNet`	$20.83K	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 outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Patent, net of accumulation amortization of $1,462 and $1,333 as of March 31, 2012 and December 31, 2011	`FiniteLivedIntangibleAssetsNet`	$8.92K	USD	Point-in-time
Patent, net of accumulation amortization of $1,462 and $1,333 as of March 31, 2012 and December 31, 2011	`FiniteLivedIntangibleAssetsNet`	$9.05K	USD	Point-in-time
Total assets	`Assets`	$289.92K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total assets	`Assets`	$54.28K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$34.84K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.32K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.89M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.41M	shares	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.81K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$12.36K	USD	Point-in-time
Notes payable, related party net of discount of $30,984 and $31,325 as of March 31, 2012 and December 31, 2011	`NotesPayableRelatedPartiesClassifiedCurrent`	$351.02K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.41M	shares	Point-in-time
Notes payable, related party net of discount of $30,984 and $31,325 as of March 31, 2012 and December 31, 2011	`NotesPayableRelatedPartiesClassifiedCurrent`	$275.68K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.89M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$313.32K	USD	Point-in-time
Common stock owed but not issued, shares	`CommonStockSharesSubscribedButUnissued`	0.00	shares	Point-in-time
Common stock owed but not issued, shares	`CommonStockSharesSubscribedButUnissued`	195,000.00	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$387.70K	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares Authorized; issued and outstanding of 26,892,318 and 27,412,318 at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$27.41K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares Authorized; issued and outstanding of 26,892,318 and 27,412,318 at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$26.89K	USD	Point-in-time
Common stock owed but not issued: 195,000 and 0 at March 31, 2012 and December 31, 2011	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$-195.00	USD	Point-in-time
Paid in Capital	`AdditionalPaidInCapital`	$1.73M	USD	Point-in-time
Paid in Capital	`AdditionalPaidInCapital`	$1.56M	USD	Point-in-time
Retained deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$2.09M	USD	Point-in-time
Retained deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$1.61M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-333.42K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-23.41K	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$54.28K	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$289.92K	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	11 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Cost of sales	`CostOfRevenue`	-	USD	11 Qtrs
Cost of sales	`CostOfRevenue`	-	USD	1 Quarter
Cost of sales	`CostOfRevenue`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	11 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$2.25K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$129.00	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$6.19K	USD	11 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$55.01K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.71M	USD	11 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$422.12K	USD	1 Quarter
OperatingCostsAndExpenses	`OperatingCostsAndExpenses`	$424.37K	USD	1 Quarter
OperatingCostsAndExpenses	`OperatingCostsAndExpenses`	$55.14K	USD	1 Quarter
OperatingCostsAndExpenses	`OperatingCostsAndExpenses`	$1.72M	USD	11 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-424.37K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.72M	USD	11 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-55.14K	USD	1 Quarter
Interest expense	`InterestExpense`	$53.48K	USD	1 Quarter
Interest expense	`InterestExpense`	$68.75K	USD	11 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	11 Qtrs
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-68.75K	USD	11 Qtrs
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-53.48K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.78M	USD	11 Qtrs
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-55.14K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-477.85K	USD	1 Quarter
Provision for income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income tax expense	`IncomeTaxExpenseBenefit`	-	USD	11 Qtrs
Net loss	`NetIncomeLoss`	$-1.78M	USD	11 Qtrs
Net loss	`NetIncomeLoss`	$-477.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-55.14K	USD	1 Quarter
Net (loss) per share - basic and fully diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net (loss) per share - basic and fully diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average shares outstanding (in Shares)	`WeightedAverageSharesOutstandingBasicAndDiluted1`	26.80M	shares	1 Quarter
Weighted average shares outstanding (in Shares)	`WeightedAverageSharesOutstandingBasicAndDiluted1`	27.57M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.78M	USD	11 Qtrs
Net loss	`NetIncomeLoss`	$-477.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-55.14K	USD	1 Quarter
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$22.25K	USD	1 Quarter
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$216.00K	USD	11 Qtrs
Stock issued for compensation	`ShareBasedCompensation`	$255.75K	USD	11 Qtrs
Stock issued for compensation	`ShareBasedCompensation`	$102.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.25K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$129.00	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.19K	USD	11 Qtrs
Amortization of discount on notes payable	`AmortizationOfDebtDiscountPremium`	$43.93K	USD	1 Quarter
Amortization of discount on notes payable	`AmortizationOfDebtDiscountPremium`	$56.39K	USD	11 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-21.64K	USD	11 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$42.50K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.99K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.52K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$24.32K	USD	11 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$12.36K	USD	11 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$9.55K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$-184.25K	USD	11 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.42M	USD	11 Qtrs
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-60.00K	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-265.89K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.00K	USD	11 Qtrs
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.00K	USD	1 Quarter
Purchase of website	`PaymentsToAcquireIntangibleAssets`	$23.43K	USD	11 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.00K	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.44K	USD	11 Qtrs
Proceeds from common stock sales	`ProceedsFromIssuanceOfCommonStock`	$1.07M	USD	11 Qtrs
Proceeds from notes payable, related party	`ProceedsFromRelatedPartyDebt`	$392.00K	USD	11 Qtrs
Proceeds from notes payable, related party	`ProceedsFromRelatedPartyDebt`	$75.00K	USD	1 Quarter
Payments on notes payable, related party	`RepaymentsOfRelatedPartyDebt`	$10.00K	USD	11 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.45M	USD	11 Qtrs
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$75.00K	USD	1 Quarter
Increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-195.89K	USD	1 Quarter
Increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-60.00K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$290.83K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$195.89K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$230.83K	USD	Point-in-time
Cash, ending of period	`CashAndCashEquivalentsAtCarryingValue`	$290.83K	USD	Point-in-time
Cash, ending of period	`CashAndCashEquivalentsAtCarryingValue`	$195.89K	USD	Point-in-time
Cash, ending of period	`CashAndCashEquivalentsAtCarryingValue`	$230.83K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	$12.46K	USD	11 Qtrs
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	11 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$22.25K	USD	1 Quarter
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$216.00K	USD	11 Qtrs
Shares issued for services	`StockIssued1`	$2.75M	USD	11 Qtrs
Shares issued for services	`StockIssued1`	$45.00K	USD	1 Quarter
Stock issued for compensation	`ShareBasedCompensation`	$255.75K	USD	11 Qtrs
Stock issued for compensation	`ShareBasedCompensation`	$102.00K	USD	1 Quarter
Shares issued for compensation	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$945.00K	USD	11 Qtrs
Shares issued for compensation	`OtherSignificantNoncashTransactionValueOfConsiderationGiven1`	$330.00K	USD	1 Quarter
Stock issued for payment on due to related party	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$115.75K	USD	11 Qtrs
Shares issued for payment on due to related party	`SharesIssuedForPaymentOnDueToRelatedParty`	$463.00K	USD	11 Qtrs

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