10-Q Filing

ENVIRONMENTAL PACKAGING TECHNOLOGIES HOLDINGS, INC. CIK: 1553734 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001477932-15-001827`
Period End Date	20140630
Filing Date	20150320
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	inst-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 31 Income Statement 50 Cash Flow Statement 48 Stockholders Equity 9

Balance Sheet 31 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	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, Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash held in trust	`Cash`	$24.15K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$24.15K	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	13.63M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	15.50M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.63M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	15.50M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$24.15K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$44.35K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$57.04K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$101.39K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$101.39K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 50,000,000 shares authorized; 13,626,920 and 15,502,081 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$1.36K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$660.82K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-739.41K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$7.47M	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$-77.23K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	`LiabilitiesAndStockholdersEquity`	$24.15K	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$152.56K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$25.46K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-152.56K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	-	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	-	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-25.46K	USD	1 Quarter
Other income (expense) - interest	`InterestExpenseOther`	$1.09K	USD	2 Qtrs
Other income (expense) - interest	`InterestExpenseOther`	$1.09K	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$153.64K	USD	2 Qtrs
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	2 Qtrs
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.55K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-153.64K	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	-	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-26.55K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	-	USD	2 Qtrs
Net Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-6.84K	USD	1 Quarter
Net Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-12.06K	USD	2 Qtrs
Net Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	2 Qtrs
Net Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-26.55K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-153.64K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.84K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.06K	USD	2 Qtrs
Weighted average loss per share - basic and dilutive Continuing operations	`IncomeLossFromOperationsBeforeExtraordinaryItemsPerBasicAndDilutedShare`	-	USD	1 Quarter
Weighted average loss per share - basic and dilutive Continuing operations	`IncomeLossFromOperationsBeforeExtraordinaryItemsPerBasicAndDilutedShare`	$-0.01	USD	2 Qtrs
Weighted average loss per share - basic and dilutive Continuing operations	`IncomeLossFromOperationsBeforeExtraordinaryItemsPerBasicAndDilutedShare`	-	USD	1 Quarter
Weighted average loss per share - basic and dilutive Continuing operations	`IncomeLossFromOperationsBeforeExtraordinaryItemsPerBasicAndDilutedShare`	-	USD	2 Qtrs
Weighted average loss per share - basic and dilutive Discontinued operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	2 Qtrs
Weighted average loss per share - basic and dilutive Discontinued operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	2 Qtrs
Weighted average loss per share - basic and dilutive Discontinued operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Weighted average loss per share - basic and dilutive Discontinued operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Total	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted average share outstanding - basic and dilutive	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.63M	shares	1 Quarter
Weighted average share outstanding - basic and dilutive	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.19M	shares	2 Qtrs
Weighted average share outstanding - basic and dilutive	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.35M	shares	2 Qtrs
Weighted average share outstanding - basic and dilutive	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.19M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-26.55K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-153.64K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.84K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.06K	USD	2 Qtrs
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-6.84K	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-12.06K	USD	2 Qtrs
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	2 Qtrs
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-153.64K	USD	2 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	-	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-26.55K	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	-	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-500.00	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$6.13K	USD	2 Qtrs
Net cash used in operating activities of continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-500.00	USD	2 Qtrs
Net cash used in operating activities of continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-147.51K	USD	2 Qtrs
Net cash used in operating activities of discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$-12.00K	USD	2 Qtrs
Net cash used in operating activities of discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.50K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-147.51K	USD	2 Qtrs
Change in cash held in trust	`PaymentsToInvestInDecommissioningFund`	-	USD	2 Qtrs
Change in cash held in trust	`PaymentsToInvestInDecommissioningFund`	$-7.48M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$7.48M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Return of net proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$-7.39M	USD	2 Qtrs
Return of net proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds on notes receivable	`ProceedsFromSaleOfNotesReceivable`	-	USD	2 Qtrs
Proceeds on notes receivable	`ProceedsFromSaleOfNotesReceivable`	$57.04K	USD	2 Qtrs
Net cash used in continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net cash used in continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-7.33M	USD	2 Qtrs
Net cash provided by discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Net cash provided by discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$12.50K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.50K	USD	2 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.33M	USD	2 Qtrs
INCREASE IN CASH HELD IN TRUST	`CashPeriodIncreaseDecrease`	-	USD	2 Qtrs
INCREASE IN CASH HELD IN TRUST	`CashPeriodIncreaseDecrease`	-	USD	2 Qtrs
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest - discontinued operations	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest - discontinued operations	`InterestPaid`	$1.41K	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$7.47M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-77.23K	USD	Point-in-time
March 11, 2014 - Return of net proceeds from the sale of common stock, Amount	`March112014ReturnOfNetProceedsFromSaleOfCommonStockAmount`	$-7.39M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-26.55K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-153.64K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-6.84K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.06K	USD	2 Qtrs
Ending Balance, Amount	`StockholdersEquity`	$7.47M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-77.23K	USD	Point-in-time

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