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10-Q Filing

STRAGENICS, INC. CIK: 1456993 Q3 2014
Filing Information
Form Type 10-Q
Accession Number 0001213900-14-008495
Period End Date 20140930
Filing Date 20141120
Fiscal Year 2014
Fiscal Period Q3
XBRL Instance asab-20140930.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 line items
Line Item Tag Value Unit Period
Net of discount, convertible notes payable DebtInstrumentUnamortizedDiscountPremiumNet - 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 $6.09K 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
Cash and equivalents CashAndCashEquivalentsAtCarryingValue $2.15K USD Point-in-time
Preferred Stock, shares issued PreferredStockSharesIssued - shares Point-in-time
Total Current Assets AssetsCurrent $2.15K USD Point-in-time
Total Current Assets AssetsCurrent - USD Point-in-time
Preferred Stock, shares issued PreferredStockSharesIssued - shares Point-in-time
TOTAL ASSETS Assets - USD Point-in-time
Preferred Stock, shares outstanding PreferredStockSharesOutstanding - shares Point-in-time
TOTAL ASSETS Assets $2.15K USD Point-in-time
Preferred Stock, shares outstanding PreferredStockSharesOutstanding - 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, shares authorized CommonStockSharesAuthorized - shares 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, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common Stock, par value CommonStockParOrStatedValuePerShare - 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 $134.62K USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $130.50K USD Point-in-time
Accrued interest AccruedLiabilitiesCurrent $30.96K USD Point-in-time
Accrued interest AccruedLiabilitiesCurrent $259.83K USD Point-in-time
Accrued interest AccruedLiabilitiesCurrent $220.60K USD Point-in-time
Convertible notes payable, net of discount of $0 (2013 - $1,016) ConvertibleDebtCurrent $1.43M USD Point-in-time
Convertible notes payable, net of discount of $0 (2013 - $1,016) ConvertibleDebtCurrent $1.45M USD Point-in-time
Derivative liability DerivativeLiabilitiesCurrent $735.98K USD Point-in-time
Derivative liability DerivativeLiabilitiesCurrent $1.15M 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 $62.26K 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 $-13.27K USD Point-in-time
Total Liabilities Liabilities $3.54M 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 September 30, 2014 and 2012 PreferredStockValue - USD Point-in-time
Preferred Stock Authorized: 100,000,000 preferred shares. No shares issued and outstanding at September 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 September 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 September 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 $181.35K 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 $-3.73M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-3.18M USD Point-in-time
Total Stockholders' Deficit StockholdersEquity $-733.16K USD Point-in-time
Total Stockholders' Deficit StockholdersEquity $-3.18M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT LiabilitiesAndStockholdersEquity $2.15K USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT LiabilitiesAndStockholdersEquity - USD Point-in-time
Income Statement 90 line items
Line Item Tag Value Unit Period
REVENUES Revenues - USD 1 Quarter
REVENUES Revenues $16.29K USD 3 Qtrs
REVENUES Revenues - USD 3 Qtrs
REVENUES Revenues - USD 1 Quarter
Professional fees ProfessionalFees $19.89K USD 3 Qtrs
Professional fees ProfessionalFees $14.38K USD 1 Quarter
Professional fees ProfessionalFees $2.15K USD 1 Quarter
Professional fees ProfessionalFees $7.95K USD 3 Qtrs
Consulting fees ConsultingFees - USD 1 Quarter
Consulting fees ConsultingFees - USD 3 Qtrs
Consulting fees ConsultingFees - USD 1 Quarter
Consulting fees ConsultingFees $50.00K USD 3 Qtrs
Salaries and benefits LaborAndRelatedExpense - USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $8.18K USD 3 Qtrs
Salaries and benefits LaborAndRelatedExpense - USD 3 Qtrs
Salaries and benefits LaborAndRelatedExpense - USD 1 Quarter
Office expense OfficeExpenses $7.00 USD 1 Quarter
Office expense OfficeExpenses $4.11K USD 3 Qtrs
Office expense OfficeExpenses - USD 1 Quarter
Office expense OfficeExpenses $1.64K USD 3 Qtrs
Filing and registration FilingAndRegistration - USD 3 Qtrs
Filing and registration FilingAndRegistration $139.00 USD 1 Quarter
Filing and registration FilingAndRegistration - USD 1 Quarter
Filing and registration FilingAndRegistration $2.60K USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense - USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $23.55K USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense - USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $14.10K USD 1 Quarter
TOTAL EXPENSES OperatingExpenses $26.60K USD 3 Qtrs
TOTAL EXPENSES OperatingExpenses $91.32K USD 3 Qtrs
TOTAL EXPENSES OperatingExpenses $16.25K USD 1 Quarter
TOTAL EXPENSES OperatingExpenses $14.53K USD 1 Quarter
LOSS FROM OPERATIONS OperatingIncomeLoss $-16.25K USD 1 Quarter
LOSS FROM OPERATIONS OperatingIncomeLoss $-75.03K USD 3 Qtrs
LOSS FROM OPERATIONS OperatingIncomeLoss $-26.60K USD 3 Qtrs
LOSS FROM OPERATIONS OperatingIncomeLoss $-14.53K USD 1 Quarter
Interest expense InterestExpense $2.00K USD 1 Quarter
Interest expense InterestExpense $8.36K USD 3 Qtrs
Interest expense InterestExpense $13.08K USD 1 Quarter
Interest expense InterestExpense $39.23K USD 3 Qtrs
Change in fair market value of derivative liability DerivativeGainLossOnDerivativeNet - USD 1 Quarter
Change in fair market value of derivative liability DerivativeGainLossOnDerivativeNet $-872.65K USD 1 Quarter
Change in fair market value of derivative liability DerivativeGainLossOnDerivativeNet - USD 3 Qtrs
Change in fair market value of derivative liability DerivativeGainLossOnDerivativeNet $-409.63K USD 3 Qtrs
Gain on modification of debt GainOnConversion - USD 1 Quarter
Gain on modification of debt GainOnConversion $5.12K USD 1 Quarter
Gain on modification of debt GainOnConversion - USD 3 Qtrs
Gain on modification of debt GainOnConversion $5.12K USD 3 Qtrs
Amortization of debt discount AmortizationOfDebtDiscountPremium - USD 1 Quarter
Amortization of debt discount AmortizationOfDebtDiscountPremium - USD 3 Qtrs
Amortization of debt discount AmortizationOfDebtDiscountPremium $71.63K USD 1 Quarter
Amortization of debt discount AmortizationOfDebtDiscountPremium $77.84K USD 3 Qtrs
TOTAL OTHER INCOME (EXPENSE) OtherOperatingIncomeExpenseNet $-521.58K USD 3 Qtrs
TOTAL OTHER INCOME (EXPENSE) OtherOperatingIncomeExpenseNet $-952.23K USD 1 Quarter
TOTAL OTHER INCOME (EXPENSE) OtherOperatingIncomeExpenseNet $-2.00K USD 1 Quarter
TOTAL OTHER INCOME (EXPENSE) OtherOperatingIncomeExpenseNet $-8.36K USD 3 Qtrs
(LOSS) BEFORE PROVISION FOR INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-548.18K USD 3 Qtrs
(LOSS) BEFORE PROVISION FOR INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-966.76K USD 1 Quarter
(LOSS) BEFORE PROVISION FOR INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-83.39K USD 3 Qtrs
(LOSS) BEFORE PROVISION FOR INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-18.25K USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit - USD 1 Quarter
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit - USD 3 Qtrs
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit - USD 3 Qtrs
PROVISION FOR INCOME TAXES IncomeTaxExpenseBenefit - USD 1 Quarter
NET (LOSS) NetIncomeLoss $-83.39K USD 3 Qtrs
NET (LOSS) NetIncomeLoss $-3.08K USD Annual
NET (LOSS) NetIncomeLoss $-588.45K USD Annual
NET (LOSS) NetIncomeLoss $-966.76K USD 1 Quarter
NET (LOSS) NetIncomeLoss $-548.18K USD 3 Qtrs
NET (LOSS) NetIncomeLoss $-18.25K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent - USD 3 Qtrs
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $1.65K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent - USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $1.57K USD 3 Qtrs
TOTAL COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTax $-966.76K USD 1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTax $-548.18K USD 3 Qtrs
TOTAL COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTax $-16.60K USD 1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) ComprehensiveIncomeNetOfTax $-81.82K USD 3 Qtrs
NET (LOSS) PER SHARE: BASIC AND DILUTED EarningsPerShareBasicAndDiluted - USD 3 Qtrs
NET (LOSS) PER SHARE: BASIC AND DILUTED EarningsPerShareBasicAndDiluted - USD 1 Quarter
NET (LOSS) PER SHARE: BASIC AND DILUTED EarningsPerShareBasicAndDiluted $-0.01 USD 1 Quarter
NET (LOSS) PER SHARE: BASIC AND DILUTED EarningsPerShareBasicAndDiluted $-0.01 USD 3 Qtrs
TOTAL COMPREHENSIVE (LOSS) PER SHARE: BASIC AND DILUTED IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicAndDilutedShare $-0.01 USD 1 Quarter
TOTAL COMPREHENSIVE (LOSS) PER SHARE: BASIC AND DILUTED IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicAndDilutedShare - USD 1 Quarter
TOTAL COMPREHENSIVE (LOSS) PER SHARE: BASIC AND DILUTED IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicAndDilutedShare $-0.01 USD 3 Qtrs
TOTAL COMPREHENSIVE (LOSS) PER SHARE: BASIC AND DILUTED IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicAndDilutedShare - USD 3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES WeightedAverageNumberOfShareOutstandingBasicAndDiluted 89.01M shares 1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES WeightedAverageNumberOfShareOutstandingBasicAndDiluted 62.57M shares 3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES WeightedAverageNumberOfShareOutstandingBasicAndDiluted 89.01M shares 1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES WeightedAverageNumberOfShareOutstandingBasicAndDiluted 89.01M shares 3 Qtrs
Cash Flow Statement 55 line items
Line Item Tag Value Unit Period
Net loss for the period NetIncomeLoss $-83.39K USD 3 Qtrs
Net loss for the period NetIncomeLoss $-3.08K USD Annual
Net loss for the period NetIncomeLoss $-588.45K USD Annual
Net loss for the period NetIncomeLoss $-966.76K USD 1 Quarter
Net loss for the period NetIncomeLoss $-548.18K USD 3 Qtrs
Net loss for the period NetIncomeLoss $-18.25K USD 1 Quarter
Change in fair market value of derivative liability DerivativeGainLossOnDerivativeNet - USD 1 Quarter
Change in fair market value of derivative liability DerivativeGainLossOnDerivativeNet $-872.65K USD 1 Quarter
Change in fair market value of derivative liability DerivativeGainLossOnDerivativeNet - USD 3 Qtrs
Change in fair market value of derivative liability DerivativeGainLossOnDerivativeNet $-409.63K USD 3 Qtrs
Amortization of debt discount AmortizationOfDebtDiscountPremium - USD 1 Quarter
Amortization of debt discount AmortizationOfDebtDiscountPremium - USD 3 Qtrs
Amortization of debt discount AmortizationOfDebtDiscountPremium $71.63K USD 1 Quarter
Amortization of debt discount AmortizationOfDebtDiscountPremium $77.84K USD 3 Qtrs
Gain on modification of loan GainOnConversion - USD 1 Quarter
Gain on modification of loan GainOnConversion $5.12K USD 1 Quarter
Gain on modification of loan GainOnConversion - USD 3 Qtrs
Gain on modification of loan GainOnConversion $5.12K USD 3 Qtrs
Increase (decrease) in accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $9.52K USD 3 Qtrs
Increase (decrease) in accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-4.12K USD 3 Qtrs
Increase in accrued interest IncreaseDecreaseInAccruedLiabilities $39.23K USD 3 Qtrs
Increase in accrued interest IncreaseDecreaseInAccruedLiabilities - USD 3 Qtrs
Net Cash Used in Operating Activities NetCashProvidedByUsedInOperatingActivities $-73.87K USD 3 Qtrs
Net Cash Used in Operating Activities NetCashProvidedByUsedInOperatingActivities $-30.72K USD 3 Qtrs
Bank overdraft ProceedsFromRepaymentsOfBankOverdrafts - USD 3 Qtrs
Bank overdraft ProceedsFromRepaymentsOfBankOverdrafts $-409.00 USD 3 Qtrs
Proceeds from promissory notes ProceedsFromNotesPayable $5.00K USD 3 Qtrs
Proceeds from promissory notes ProceedsFromNotesPayable $27.50K USD 3 Qtrs
Proceeds from convertible notes payable ProceedsFromConvertibleDebt $15.00K USD 3 Qtrs
Proceeds from convertible notes payable ProceedsFromConvertibleDebt $54.00K USD 3 Qtrs
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock 10.00 GBP Annual
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock - USD 3 Qtrs
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock - USD 3 Qtrs
Advances from shareholder ProceedsFromShareholder $13.27K USD 3 Qtrs
Advances from shareholder ProceedsFromShareholder - USD 3 Qtrs
Net Cash Provided by Financing Activities NetCashProvidedByUsedInFinancingActivities $32.86K USD 3 Qtrs
Net Cash Provided by Financing Activities NetCashProvidedByUsedInFinancingActivities $81.50K USD 3 Qtrs
Exchange rate effect on cash EffectOfExchangeRateOnCashAndCashEquivalents $-1.55K USD 3 Qtrs
Exchange rate effect on cash EffectOfExchangeRateOnCashAndCashEquivalents - USD 3 Qtrs
NET INCREASE (DECREASE) IN CASH CashAndCashEquivalentsPeriodIncreaseDecrease $2.15K USD 3 Qtrs
NET INCREASE (DECREASE) IN CASH CashAndCashEquivalentsPeriodIncreaseDecrease $6.08K USD 3 Qtrs
Cash and equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $6.09K USD Point-in-time
Cash and equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Cash and equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $2.15K USD Point-in-time
Cash and equivalents, end of period CashAndCashEquivalentsAtCarryingValue $6.09K USD Point-in-time
Cash and equivalents, end of period CashAndCashEquivalentsAtCarryingValue - USD Point-in-time
Cash and equivalents, end of period CashAndCashEquivalentsAtCarryingValue $2.15K USD Point-in-time
Cash paid for interest InterestPaid - USD 3 Qtrs
Cash paid for interest InterestPaid - USD 3 Qtrs
Cash paid for income taxes IncomeTaxesPaid - USD 3 Qtrs
Cash paid for income taxes IncomeTaxesPaid - USD 3 Qtrs
Net liabilities acquired on merger/recapitalization NetLiabilitiesAcquiredOnRecapitalization $2.59M USD 3 Qtrs
Net liabilities acquired on merger/recapitalization NetLiabilitiesAcquiredOnRecapitalization - USD 3 Qtrs
Common stock issued for debt and interest CommonStockIssuedForDebt $95.60K USD 3 Qtrs
Common stock issued for debt and interest CommonStockIssuedForDebt - USD 3 Qtrs

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

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