10-Q Filing

ENVIRONMENTAL PACKAGING TECHNOLOGIES HOLDINGS, INC. CIK: 1553734 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001477932-15-002531`
Period End Date	20140930
Filing Date	20150416
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	inst-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 32 Income Statement 28 Cash Flow Statement 31 Stockholders Equity 8

Balance Sheet 32 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
Cash	`Cash`	$16.93K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	15.50M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	13.63M	shares	Point-in-time
Cash held in trust	`AssetsHeldInTrustCurrent`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	13.63M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$16.93K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	15.50M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$16.93K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$59.27K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$57.04K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$116.31K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$116.31K	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 September 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`	$-761.57K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$-99.39K	USD	Point-in-time
Total stockholders' (deficit) equity	`StockholdersEquity`	$7.47M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY	`LiabilitiesAndStockholdersEquity`	$16.93K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	3 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$21.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$173.56K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-173.56K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-21.00K	USD	1 Quarter
Interest	`InterestExpenseOther`	$2.24K	USD	3 Qtrs
Interest	`InterestExpenseOther`	$1.15K	USD	1 Quarter
Loss on cancellation of common stock	`LossOnCancellationOfCommonStock`	-	USD	3 Qtrs
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-175.80K	USD	3 Qtrs
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-22.15K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-175.80K	USD	3 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-22.15K	USD	1 Quarter
Net Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-22.15K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-175.80K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-429.13K	USD	3 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	3 Qtrs
Weighted average loss per share - basic and dilutive Discontinued operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	3 Qtrs
Weighted average loss per share - basic and dilutive Discontinued operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Total	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Total	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average share outstanding - basic and dilutive	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	14.11M	shares	3 Qtrs
Weighted average share outstanding - basic and dilutive	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.63M	shares	1 Quarter

Cash Flow Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-22.15K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-175.80K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-429.13K	USD	3 Qtrs
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	3 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-175.80K	USD	3 Qtrs
Loss from continuing operations	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-22.15K	USD	1 Quarter
Loss on cancellation of common stock	`LossOnCancellationOfCommonStock1`	-	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$21.06K	USD	3 Qtrs
Net cash used in operating activities of continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-154.74K	USD	3 Qtrs
Net cash used in operating activities of discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-154.74K	USD	3 Qtrs
Change in cash held in trust	`PaymentsToInvestInDecommissioningFund`	$-7.50M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$7.50M	USD	3 Qtrs
Return of net proceeds from the sale of common stock	`ReturnOfNetProceedsFromSaleOfCommonStock`	$-7.39M	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$57.04K	USD	3 Qtrs
Proceeds from the sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds on notes receivable	`ProceedsFromSaleOfNotesReceivable`	-	USD	3 Qtrs
Repayments of notes receivable	`RepaymentOfNotesReceivableFromRelatedParties`	-	USD	3 Qtrs
Proceeds from the sale of common stock to be issued	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	3 Qtrs
Net cash (used in) provided by financing activities of continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-7.33M	USD	3 Qtrs
Net cash provided by financing activities of discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.33M	USD	3 Qtrs
INCREASE IN CASH	`CashPeriodIncreaseDecrease`	$16.93K	USD	3 Qtrs
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$16.93K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$16.93K	USD	Point-in-time
Settlement of notes payable and accrued expenses	`SettlementOfNotesPayableAndAccruedExpenses`	$49.54K	USD	3 Qtrs
Cash paid for interest - discontinued operations	`InterestPaid`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-99.39K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$7.47M	USD	Point-in-time
March 11, 2014 - Return of net proceeds from the sale of common stock, Amount	`March112014ReturnOfNetProceedsFromSaleOfCommonStockAmount`	$-7.39M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-22.15K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-175.80K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-429.13K	USD	3 Qtrs
Ending Balance, Amount	`StockholdersEquity`	$-99.39K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$7.47M	USD	Point-in-time

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