10-Q Filing

STRAGENICS, INC. CIK: 1456993 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001213900-14-007441`
Period End Date	20140331
Filing Date	20141022
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	asab-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 41 Cash Flow Statement 43

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Discount on convertible notes payable	`DebtInstrumentUnamortizedDiscountPremiumNet`	$9.83K	USD	Point-in-time
Discount on convertible notes payable	`DebtInstrumentUnamortizedDiscountPremiumNet`	$1.02K	USD	Point-in-time
Discount on loans payable	`DebtInstrumentUnamortizedDiscount`	$286.00	USD	Point-in-time
Discount on loans payable	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.33K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.00	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.68K	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.68K	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
TOTAL ASSETS	`Assets`	-	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
TOTAL ASSETS	`Assets`	$5.68K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	-	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	89.01M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	89.01M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	12.35M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	89.01M	shares	Point-in-time
Bank overdraft	`BankOverdrafts`	-	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	89.01M	shares	Point-in-time
Bank overdraft	`BankOverdrafts`	$409.00	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$127.12K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$134.62K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$233.68K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$220.60K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$30.96K	USD	Point-in-time
Convertible notes payable, net of discount of $9,834 (2013 - $1,016)	`ConvertibleDebtCurrent`	$1.44M	USD	Point-in-time
Convertible notes payable, net of discount of $9,834 (2013 - $1,016)	`ConvertibleDebtCurrent`	$1.43M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$735.98K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$1.01M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$431.06K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$431.06K	USD	Point-in-time
Line of credit - related party	`LinesOfCreditCurrent`	$50.30K	USD	Point-in-time
Line of credit - related party	`LinesOfCreditCurrent`	$50.30K	USD	Point-in-time
Loans payable, net of discount of $0 (2013 - $286)	`LoansPayableCurrent`	$57.26K	USD	Point-in-time
Loans payable, net of discount of $0 (2013 - $286)	`LoansPayableCurrent`	$56.97K	USD	Point-in-time
Advances from shareholder	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Advances from shareholder	`DueFromRelatedPartiesCurrent`	$-5.10K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.06M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.35M	USD	Point-in-time
Preferred Stock Authorized: 100,000,000 preferred shares. No shares issued and outstanding at March 31, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock Authorized: 100,000,000 preferred shares. No shares issued and outstanding at March 31, 2014 and December 31, 2013	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, 400,000,000 shares of common stock with par value of $.0001; Issued 89,005,250 shares of common stock issued and outstanding at March 31, 2014 and December 31, 2013	`CommonStockValue`	$8.90K	USD	Point-in-time
Common Stock, 400,000,000 shares of common stock with par value of $.0001; Issued 89,005,250 shares of common stock issued and outstanding at March 31, 2014 and December 31, 2013	`CommonStockValue`	$8.90K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$114.64K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$114.64K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$835.00	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$835.00	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.18M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.35M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.06M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$5.68K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$16.29K	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$4.25K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$4.01K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$50.00K	USD	1 Quarter
Consulting fees	`ConsultingFees`	-	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	-	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$8.18K	USD	1 Quarter
Office expense	`OfficeExpenses`	$1.18K	USD	1 Quarter
Office expense	`OfficeExpenses`	$1.64K	USD	1 Quarter
Filing and registration	`FilingAndRegistration`	-	USD	1 Quarter
Filing and registration	`FilingAndRegistration`	$1.32K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.81K	USD	1 Quarter
TOTAL EXPENSES	`OperatingExpenses`	$6.51K	USD	1 Quarter
TOTAL EXPENSES	`OperatingExpenses`	$71.88K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-55.59K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-6.51K	USD	1 Quarter
Interest expense	`InterestExpense`	$13.08K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.63K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.30K	USD	1 Quarter
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-267.31K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$-5.63K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$-281.69K	USD	1 Quarter
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-61.23K	USD	1 Quarter
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-288.20K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`CurrentIncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`CurrentIncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-288.20K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-61.23K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-78.00	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-288.20K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-61.30K	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS PER SHARE: BASIC AND DILUTED	`IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS PER SHARE: BASIC AND DILUTED	`IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	89.01M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.37M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-288.20K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-61.23K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.30K	USD	1 Quarter
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-267.31K	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.00K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.50K	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$12.62K	USD	1 Quarter
Increase in accrued interest	`IncreaseDecreaseInAccruedLiabilities`	-	USD	1 Quarter
Increase in accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$13.08K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-52.61K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.01K	USD	1 Quarter
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	1 Quarter
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-409.00	USD	1 Quarter
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$15.00K	USD	1 Quarter
Proceeds from promissory notes	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$54.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00	USD	Annual
Advances from shareholder	`ProceedsFromShareholder`	-	USD	1 Quarter
Advances from shareholder	`ProceedsFromShareholder`	$5.10K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$19.69K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$54.00K	USD	1 Quarter
Exchange rate effect on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-78.00	USD	1 Quarter
Exchange rate effect on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.32K	USD	1 Quarter
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.68K	USD	1 Quarter
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.33K	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.00	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.68K	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.33K	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.00	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.68K	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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