10-Q Filing

STRAGENICS, INC. CIK: 1456993 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001213900-15-004074`
Period End Date	20150331
Filing Date	20150520
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	asab-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 52 Cash Flow Statement 48

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Net of accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$11.89K	USD	Point-in-time
Net of discount, Convertible notes payable	`DebtInstrumentUnamortizedDiscountPremiumNet`	-	USD	Point-in-time
Net of discount, Convertible notes payable	`DebtInstrumentUnamortizedDiscountPremiumNet`	$84.98K	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$104.00	USD	Point-in-time
Preferred stock, Shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.75K	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.68K	USD	Point-in-time
Preferred stock, Shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$25.69K	USD	Point-in-time
Preferred stock, Shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$31.44K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$104.00	USD	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`	$0.07	USD	Point-in-time
Intellectual Property, (less accumulated amortization of $11,892)	`IntangibleAssetsNetExcludingGoodwill`	$172.03K	USD	Point-in-time
Intellectual Property, (less accumulated amortization of $11,892)	`IntangibleAssetsNetExcludingGoodwill`	$163.11K	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`	98.23M	shares	Point-in-time
Total Other Assets	`OtherAssets`	$163.11K	USD	Point-in-time
Common stock, Shares issued	`CommonStockSharesIssued`	99.85M	shares	Point-in-time
Total Other Assets	`OtherAssets`	$172.03K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$172.13K	USD	Point-in-time
Common stock, Shares outstanding	`CommonStockSharesOutstanding`	98.23M	shares	Point-in-time
Common stock, Shares outstanding	`CommonStockSharesOutstanding`	99.85M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$194.55K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$139.53K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$128.72K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$267.55K	USD	Point-in-time
Accrued interest	`AccruedLiabilitiesCurrent`	$242.92K	USD	Point-in-time
Convertible notes payable, net of discount of $84,976 (2014 - $0)	`ConvertibleDebtCurrent`	$1.46M	USD	Point-in-time
Convertible notes payable, net of discount of $84,976 (2014 - $0)	`ConvertibleDebtCurrent`	$1.45M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$1.04M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$372.29K	USD	Point-in-time
Advances from officer	`AdvancesFromOfficer`	$12.72K	USD	Point-in-time
Advances from officer	`AdvancesFromOfficer`	$15.72K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$521.12K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$531.92K	USD	Point-in-time
Advances from shareholders	`AdvancesFromShareholder`	$6.00K	USD	Point-in-time
Advances from shareholders	`AdvancesFromShareholder`	$6.50K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.75M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.44M	USD	Point-in-time
Preferred Stock Authorized: 100,000,000 preferred shares. No shares issued and outstanding at March 31, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock Authorized: 100,000,000 preferred shares. No shares issued and outstanding at March 31, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, 400,000,000 shares of common stock with par value of $.0001; Issued 99,845,602 shares of common stock issued and outstanding at March 31, 2015 and (98,226,850) - December 31, 2014	`CommonStockValue`	$9.82K	USD	Point-in-time
Common Stock, 400,000,000 shares of common stock with par value of $.0001; Issued 99,845,602 shares of common stock issued and outstanding at March 31, 2015 and (98,226,850) - December 31, 2014	`CommonStockValue`	$9.98K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$516.98K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$635.15K	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`	$-3.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.89M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.24M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.58M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$172.13K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$194.55K	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$10.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$4.01K	USD	1 Quarter
Consulting fees	`ConsultingFees`	-	USD	1 Quarter
Consulting fees	`ConsultingFees`	$11.16K	USD	1 Quarter
Compensation	`SalariesAndWages`	$15.00K	USD	1 Quarter
Compensation	`SalariesAndWages`	-	USD	1 Quarter
Office expense	`OfficeExpenses`	$1.21K	USD	1 Quarter
Office expense	`OfficeExpenses`	$1.18K	USD	1 Quarter
Filing and registration	`FilingAndRegistration`	$840.00	USD	1 Quarter
Filing and registration	`FilingAndRegistration`	$1.32K	USD	1 Quarter
Amortization of website	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of website	`AmortizationOfIntangibleAssets`	$8.92K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.23K	USD	1 Quarter
TOTAL EXPENSES	`OperatingExpenses`	$55.36K	USD	1 Quarter
TOTAL EXPENSES	`OperatingExpenses`	$6.51K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-6.51K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-55.36K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	$1.08K	USD	1 Quarter
Interest expense	`InterestExpense`	$24.63K	USD	1 Quarter
Interest expense	`InterestExpense`	$13.08K	USD	1 Quarter
Commitment fee	`CommitmentFee`	$118.33K	USD	1 Quarter
Commitment fee	`CommitmentFee`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$25.02K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.30K	USD	1 Quarter
Derivative expense	`DerivativeLossOnDerivative`	-	USD	1 Quarter
Derivative expense	`DerivativeLossOnDerivative`	$167.79K	USD	1 Quarter
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-267.31K	USD	1 Quarter
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-390.16K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-724.85K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-281.69K	USD	1 Quarter
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-780.21K	USD	1 Quarter
LOSS BEFORE PROVISION FOR INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-288.20K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME LOSS	`NetIncomeLoss`	$-780.21K	USD	1 Quarter
NET INCOME LOSS	`NetIncomeLoss`	$-588.45K	USD	Annual
NET INCOME LOSS	`NetIncomeLoss`	$74.47K	USD	Annual
NET INCOME LOSS	`NetIncomeLoss`	$-288.20K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	-	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	-	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-780.21K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-288.20K	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
NET LOSS PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
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
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`	99.65M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-780.21K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-588.45K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$74.47K	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-288.20K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	-	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$8.92K	USD	1 Quarter
Comittment fee - stock-based	`ComittmentFeeStockBased`	-	USD	1 Quarter
Comittment fee - stock-based	`ComittmentFeeStockBased`	$118.33K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$25.02K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.30K	USD	1 Quarter
Derivative expense	`DerivativeLossOnDerivative`	-	USD	1 Quarter
Derivative expense	`DerivativeLossOnDerivative`	$167.79K	USD	1 Quarter
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-267.31K	USD	1 Quarter
Change in fair market value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-390.16K	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$25.69K	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-10.80K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.50K	USD	1 Quarter
Increase in accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$24.63K	USD	1 Quarter
Increase in accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$13.08K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-81.85K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.01K	USD	1 Quarter
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	$-409.00	USD	1 Quarter
Bank overdraft	`ProceedsFromRepaymentsOfBankOverdrafts`	-	USD	1 Quarter
Proceeds (Repayment) from promissory notes	`ProceedsFromNotesPayable`	$-19.50K	USD	1 Quarter
Proceeds (Repayment) from promissory notes	`ProceedsFromNotesPayable`	$15.00K	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$110.00K	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	1 Quarter
Advances (Repayment) from shareholder	`ProceedsFromShareholder`	$-3.00K	USD	1 Quarter
Advances (Repayment) from shareholder	`ProceedsFromShareholder`	$5.10K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$87.50K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$19.69K	USD	1 Quarter
Exchange rate effect on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
Exchange rate effect on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	1 Quarter
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.68K	USD	1 Quarter
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.65K	USD	1 Quarter
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, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.75K	USD	Point-in-time
Cash and equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.68K	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 and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.75K	USD	Point-in-time
Cash and equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.68K	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.