10-Q Filing

STRAGENICS, INC. CIK: 1456993 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001213900-14-007443`
Period End Date	20140630
Filing Date	20141022
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	asab-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 84 Cash Flow Statement 49

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Net of discount, convertible notes payable	`DebtInstrumentUnamortizedDiscountPremiumNet`	$4.92K	USD	Point-in-time
Net of discount, convertible notes payable	`DebtInstrumentUnamortizedDiscountPremiumNet`	$1.02K	USD	Point-in-time
Net of discount, loans payable	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Net of discount, loans payable	`DebtInstrumentUnamortizedDiscount`	$286.00	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.00K	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 authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.00K	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
TOTAL ASSETS	`Assets`	$2.00K	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	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
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	89.01M	shares	Point-in-time
Bank overdraft	`BankOverdrafts`	$409.00	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$129.08K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$134.62K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$220.60K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$246.76K	USD	Point-in-time
Convertible notes payable, net of discount of $4,917 (2013 - $1,016)	`ConvertibleDebtCurrent`	$1.44M	USD	Point-in-time
Convertible notes payable, net of discount of $4,917 (2013 - $1,016)	`ConvertibleDebtCurrent`	$1.43M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$735.98K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$282.79K	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`	$56.97K	USD	Point-in-time
Loans payable, net of discount of $0 (2013 - $286)	`LoansPayableCurrent`	$62.26K	USD	Point-in-time
Advances from shareholder	`DueFromRelatedPartiesCurrent`	$-20.00	USD	Point-in-time
Advances from shareholder	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.64M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.06M	USD	Point-in-time
Preferred Stock Authorized: 100,000,000 preferred shares. No shares issued and outstanding at June 30, 2014 and 2012	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock Authorized: 100,000,000 preferred shares. No shares issued and outstanding at June 30, 2014 and 2012	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, 400,000,000 shares of common stock with par value of $.0001; 89,005,250 shares of common stock issued and outstanding at June 30, 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; 89,005,250 shares of common stock issued and outstanding at June 30, 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`	$-2.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.18M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.18M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$2.77M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$2.00K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	$16.29K	USD	2 Qtrs
REVENUES	`Revenues`	-	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$5.80K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$1.50K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$5.51K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$1.55K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$50.00K	USD	2 Qtrs
Consulting fees	`ConsultingFees`	-	USD	1 Quarter
Consulting fees	`ConsultingFees`	-	USD	1 Quarter
Consulting fees	`ConsultingFees`	-	USD	2 Qtrs
Salaries and benefits	`LaborAndRelatedExpense`	-	USD	2 Qtrs
Salaries and benefits	`LaborAndRelatedExpense`	$8.18K	USD	2 Qtrs
Salaries and benefits	`LaborAndRelatedExpense`	-	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	-	USD	1 Quarter
Office expense	`OfficeExpenses`	$2.92K	USD	1 Quarter
Office expense	`OfficeExpenses`	-	USD	1 Quarter
Office expense	`OfficeExpenses`	$4.10K	USD	2 Qtrs
Office expense	`OfficeExpenses`	$1.64K	USD	2 Qtrs
Filing and registration	`FilingAndRegistration`	$2.46K	USD	2 Qtrs
Filing and registration	`FilingAndRegistration`	-	USD	1 Quarter
Filing and registration	`FilingAndRegistration`	-	USD	2 Qtrs
Filing and registration	`FilingAndRegistration`	$1.14K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.45K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.64K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	-	USD	2 Qtrs
TOTAL EXPENSES	`OperatingExpenses`	$75.07K	USD	2 Qtrs
TOTAL EXPENSES	`OperatingExpenses`	$3.19K	USD	1 Quarter
TOTAL EXPENSES	`OperatingExpenses`	$5.56K	USD	1 Quarter
TOTAL EXPENSES	`OperatingExpenses`	$12.07K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-3.19K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-5.56K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-58.78K	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-12.07K	USD	2 Qtrs
Interest expense	`InterestExpense`	$26.15K	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.36K	USD	2 Qtrs
Interest expense	`InterestExpense`	$13.08K	USD	1 Quarter
Interest expense	`InterestExpense`	$723.00	USD	1 Quarter
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$463.02K	USD	2 Qtrs
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$730.33K	USD	1 Quarter
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$4.92K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$6.22K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$712.34K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$-723.00	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	$430.65K	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`OtherOperatingIncomeExpenseNet`	-	USD	2 Qtrs
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$418.58K	USD	2 Qtrs
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$706.78K	USD	1 Quarter
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-65.14K	USD	2 Qtrs
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.92K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`CurrentIncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`CurrentIncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`CurrentIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
PROVISION FOR INCOME TAXES	`CurrentIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-3.92K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$418.58K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-65.14K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$706.78K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	-	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	-	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	-	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	-	USD	2 Qtrs
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-65.14K	USD	2 Qtrs
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$418.58K	USD	2 Qtrs
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$706.78K	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-3.92K	USD	1 Quarter
NET INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
NET INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
NET INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
TOTAL COMPREHENSIVE INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicAndDilutedShare`	-	USD	2 Qtrs
TOTAL COMPREHENSIVE INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicAndDilutedShare`	$0.01	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicAndDilutedShare`	-	USD	2 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	88.46M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.13M	shares	2 Qtrs
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`	89.01M	shares	2 Qtrs

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-3.92K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$418.58K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-65.14K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$706.78K	USD	1 Quarter
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$463.02K	USD	2 Qtrs
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$730.33K	USD	1 Quarter
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	-	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$4.92K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$6.22K	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.34K	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.54K	USD	2 Qtrs
Increase in accrued interest	`IncreaseDecreaseInAccruedLiabilities`	-	USD	2 Qtrs
Increase in accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$26.15K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.61K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-56.80K	USD	2 Qtrs
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$360.00	USD	2 Qtrs
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-409.00	USD	2 Qtrs
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$2.50K	USD	2 Qtrs
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$5.00K	USD	2 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$54.00K	USD	2 Qtrs
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$15.00K	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	10.00	GBP	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Advances from shareholder	`ProceedsFromShareholder`	-	USD	2 Qtrs
Advances from shareholder	`ProceedsFromShareholder`	$20.00	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$19.61K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$56.86K	USD	2 Qtrs
Exchange rate effect on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-78.00	USD	2 Qtrs
Exchange rate effect on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.00	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.00K	USD	2 Qtrs
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.00K	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.00K	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Net liabilities acquired on merger/recapitalization	`NetLiabilitiesAcquiredOnRecapitalization`	-	USD	2 Qtrs
Net liabilities acquired on merger/recapitalization	`NetLiabilitiesAcquiredOnRecapitalization`	$2.58M	USD	2 Qtrs
Common stock issued for debt and interest	`CommonStockIssuedForDebt`	-	USD	2 Qtrs
Common stock issued for debt and interest	`CommonStockIssuedForDebt`	$123.47K	USD	2 Qtrs

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