10-K Filing

STRAGENICS, INC. CIK: 1456993 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001213900-15-002681`
Period End Date	20141231
Filing Date	20150414
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	asab-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 50 Cash Flow Statement 48 Stockholders Equity 19

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Net of accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	-	USD	Point-in-time
Net of accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$2.97K	USD	Point-in-time
Net of discount, Convertible notes payable	`DebtInstrumentUnamortizedDiscountPremiumNet`	$1.02K	USD	Point-in-time
Net of discount, Convertible notes payable	`DebtInstrumentUnamortizedDiscountPremiumNet`	-	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.00	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`	$104.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$104.00	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	-	USD	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Website and intellectual property - net of accumulated amortization of $2,973	`IntangibleAssetsNetExcludingGoodwill`	$172.03K	USD	Point-in-time
Website and intellectual property - net of accumulated amortization of $2,973	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
TOTAL ASSETS	`Assets`	$172.13K	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
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`	$0.00	USD	Point-in-time
Common stock, Par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, Shares issued	`CommonStockSharesIssued`	12.35M	shares	Point-in-time
Common stock, Shares issued	`CommonStockSharesIssued`	98.23M	shares	Point-in-time
Common stock, Shares issued	`CommonStockSharesIssued`	89.01M	shares	Point-in-time
Common stock, Shares outstanding	`CommonStockSharesOutstanding`	98.23M	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`	$139.53K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$242.92K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$30.96K	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`	$1.45M	USD	Point-in-time
Convertible notes payable, net of discount of $0 (2013 - $1,016)	`ConvertibleDebtCurrent`	$1.43M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$735.98K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$372.29K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$431.06K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Line of credit - related party	`LinesOfCreditCurrent`	-	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`	$531.92K	USD	Point-in-time
Loans payable, net of discount of $0 (2013 - $286)	`LoansPayableCurrent`	$56.97K	USD	Point-in-time
Advances from shareholder	`DueFromRelatedPartiesCurrent`	$-21.72K	USD	Point-in-time
Advances from shareholder	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.75M	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 December 31, 2014 and 2012	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock Authorized: 100,000,000 preferred shares. No shares issued and outstanding at December 31, 2014 and 2012	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, 400,000,000 shares of common stock with par value of $.0001; 98,226,850 shares of common stock issued and outstanding at December 31, 2014 ( 98,226,850- December 31, 2013	`CommonStockValue`	$8.90K	USD	Point-in-time
Common Stock, 400,000,000 shares of common stock with par value of $.0001; 98,226,850 shares of common stock issued and outstanding at December 31, 2014 ( 98,226,850- December 31, 2013	`CommonStockValue`	$9.82K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$114.64K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$516.98K	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`	$-3.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.11M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.58M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.06M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.08K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	-	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$172.13K	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	Annual
REVENUES	`Revenues`	$16.29K	USD	Annual
Professional fees	`ProfessionalFees`	$49.58K	USD	Annual
Professional fees	`ProfessionalFees`	$42.53K	USD	Annual
Consulting fees	`ConsultingFees`	$45.50K	USD	Annual
Consulting fees	`ConsultingFees`	-	USD	Annual
Salaries and benefits	`LaborAndRelatedExpense`	$8.18K	USD	Annual
Salaries and benefits	`LaborAndRelatedExpense`	-	USD	Annual
Office expense	`OfficeExpenses`	$18.66K	USD	Annual
Office expense	`OfficeExpenses`	$7.82K	USD	Annual
Filing and registration	`FilingAndRegistration`	$10.89K	USD	Annual
Filing and registration	`FilingAndRegistration`	$6.96K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$7.69K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	-	USD	Annual
TOTAL EXPENSES	`OperatingExpenses`	$136.58K	USD	Annual
TOTAL EXPENSES	`OperatingExpenses`	$61.25K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-61.25K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-120.29K	USD	Annual
Interest expense	`InterestExpense`	$107.20K	USD	Annual
Interest expense	`InterestExpense`	$100.00K	USD	Annual
Forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	$-13.50K	USD	Annual
Forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	$-12.16K	USD	Annual
Forgiveness of interest	`DebtInstrumentInterestForgiveness`	-	USD	Annual
Forgiveness of interest	`DebtInstrumentInterestForgiveness`	$-8.66K	USD	Annual
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-336.24K	USD	Annual
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$368.40K	USD	Annual
Gain on conversion	`GainOnConversion`	$5.12K	USD	Annual
Gain on conversion	`GainOnConversion`	-	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$4.00K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$158.62K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$34.22K	USD	Annual
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$135.72K	USD	Annual
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-468.15K	USD	Annual
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-588.45K	USD	Annual
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$74.47K	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	Annual
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$74.47K	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-588.45K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	-	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$846.00	USD	Annual
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$74.47K	USD	Annual
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-587.60K	USD	Annual
NET INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
NET INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
TOTAL COMPREHENSIVE INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicAndDilutedShare`	-	USD	Annual
TOTAL COMPREHENSIVE INCOME (LOSS) PER SHARE: BASIC AND DILUTED	`IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	Annual
WEIGHTED AVERAGE NUMBER OF SHARES	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	69.23M	shares	Annual
WEIGHTED AVERAGE NUMBER OF SHARES	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	98.23M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) for the period	`NetIncomeLoss`	$74.47K	USD	Annual
Net income (loss) for the period	`NetIncomeLoss`	$-588.45K	USD	Annual
Forgiveness of debt	`ForgivenessOfDebt`	$20.82K	USD	Annual
Forgiveness of debt	`ForgivenessOfDebt`	$13.50K	USD	Annual
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-336.24K	USD	Annual
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$368.40K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$158.62K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$34.22K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$4.00K	USD	Annual
Gain on modification of loan	`GainOnConversion`	$5.12K	USD	Annual
Gain on modification of loan	`GainOnConversion`	-	USD	Annual
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.07K	USD	Annual
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$37.52K	USD	Annual
Increase in accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$30.97K	USD	Annual
Increase in accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$107.19K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-82.77K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-113.21K	USD	Annual
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$409.00	USD	Annual
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-409.00	USD	Annual
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$92.00K	USD	Annual
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$25.00K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$56.50K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	Annual
Advances from shareholder	`ProceedsFromShareholder`	$21.72K	USD	Annual
Advances from shareholder	`ProceedsFromShareholder`	-	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$113.31K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$81.91K	USD	Annual
Exchange rate effect on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$846.00	USD	Annual
Exchange rate effect on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.00	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	Annual
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.00	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$104.00	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.00	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$104.00	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Net liabilities acquired on merger/recapitalization	`NetLiabilitiesAcquiredOnRecapitalization`	-	USD	Annual
Net liabilities acquired on merger/recapitalization	`NetLiabilitiesAcquiredOnRecapitalization`	$2.59M	USD	Annual
Common stock issued for debt and interest	`CommonStockIssuedForDebt`	$20.82K	USD	Annual
Common stock issued for debt and interest	`CommonStockIssuedForDebt`	$123.47K	USD	Annual
Common stock issued for website and intellectual property	`CommonStockIssuedForWebsiteAndIntellectualProperty`	-	USD	Annual
Common stock issued for website and intellectual property	`CommonStockIssuedForWebsiteAndIntellectualProperty`	$175.00K	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Begining balance	`StockholdersEquity`	$-2.58M	USD	Point-in-time
Begining balance	`StockholdersEquity`	$-3.06M	USD	Point-in-time
Begining balance	`StockholdersEquity`	$-3.08K	USD	Point-in-time
Begining balance	`StockholdersEquity`	-	USD	Point-in-time
Issuance of common stock for cash, value	`StockIssuedDuringPeriodValueIssuedForCash`	$15.00	USD	Annual
Merger/recapitalization, value	`StockIssuedDuringPeriodValueForMergerAndRecapitalization`	$-2.59M	USD	Annual
Shares issued in connection with merger, value	`StockIssuedDuringPeriodValueOther`	-	USD	Annual
Conversion of debt to common stock, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$123.47K	USD	Annual
Debt discount on loan modification, value	`StockIssuedDuringPeriodValueDebtDiscountOnLoanModification`	$66.71K	USD	Annual
Shares issued for website and intellectual property	`StockIssuedDuringPeriodValuePurchaseOfAssets`	$175.00K	USD	Annual
Record conversion of note payable and forgiveness of remaining balance	`RecordConversionOfNotePayableAndForgivenessOfRemainingBalanceValue`	$80.78K	USD	Annual
Record amortization of debt discount on conversion of note payable	`RecordAmortizationOfDebtDiscountOnConversionOfNotePayableValue`	$80.78K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$74.47K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-588.45K	USD	Annual
Net income (loss)	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.10K	USD	Annual
Ending balance	`StockholdersEquity`	$-2.58M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-3.06M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-3.08K	USD	Point-in-time
Ending balance	`StockholdersEquity`	-	USD	Point-in-time

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