10-Q/A Filing

XFUELS, INC. CIK: 1518548 Q2 2016

Filing Information

Form Type	10-Q/A
Accession Number	`0001477932-16-011647`
Period End Date	20151031
Filing Date	20160805
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	xfuel-20151031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 48 Cash Flow Statement 46

Balance Sheet 36 line items

Line Item	Tag	Value	Unit	Period
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 authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Cash	`Cash`	$27.88K	USD	Point-in-time
Cash	`Cash`	$1.69K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	115.66M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	632.53M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	115.66M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	632.53M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.69K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.88K	USD	Point-in-time
Computer equipment, net	`CapitalizedComputerSoftwareNet`	$2.00K	USD	Point-in-time
Computer equipment, net	`CapitalizedComputerSoftwareNet`	$2.00K	USD	Point-in-time
Total assets	`Assets`	$29.88K	USD	Point-in-time
Total assets	`Assets`	$3.69K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$15.35K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$17.19K	USD	Point-in-time
Accrued Interest payable	`AccruedLiabilitiesCurrent`	$149.80K	USD	Point-in-time
Accrued Interest payable	`AccruedLiabilitiesCurrent`	$152.10K	USD	Point-in-time
Convertible debentures net of discount	`ConvertibleDebenturesNetOfDiscountCurrent`	$549.75K	USD	Point-in-time
Convertible debentures net of discount	`ConvertibleDebenturesNetOfDiscountCurrent`	$508.14K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$673.29K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$719.04K	USD	Point-in-time
Common stock: $0.0001 par value,1,500,000,000 shares authorized, 115,663,000 and 632,528,649 shares issued and outstanding, respectively	`CommonStockValue`	$63.25K	USD	Point-in-time
Common stock: $0.0001 par value,1,500,000,000 shares authorized, 115,663,000 and 632,528,649 shares issued and outstanding, respectively	`CommonStockValue`	$157.24K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$714.16K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$714.08K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.47M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-689.16K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-669.60K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$3.69K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$29.88K	USD	Point-in-time

Income Statement 48 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
Loan fees	`LoanProcessingFee`	-	USD	1 Quarter
Loan fees	`LoanProcessingFee`	$284.05K	USD	2 Qtrs
Loan fees	`LoanProcessingFee`	$275.30K	USD	1 Quarter
Loan fees	`LoanProcessingFee`	-	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$25.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$50.00K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	-	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$74.08K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$17.75K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$33.12K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$2.54K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$67.32K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$275.00	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$122.79K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.54K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$489.96K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$74.35K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$385.37K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-489.96K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-74.35K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-2.54K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-385.37K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	-	USD	2 Qtrs
Interest expense	`InterestExpenseOther`	-	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$133.15K	USD	1 Quarter
Interest expense	`InterestExpenseOther`	$144.84K	USD	2 Qtrs
Total other expenses	`OtherExpenses`	$144.84K	USD	2 Qtrs
Total other expenses	`OtherExpenses`	-	USD	2 Qtrs
Total other expenses	`OtherExpenses`	$133.15K	USD	1 Quarter
Total other expenses	`OtherExpenses`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.35K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-634.80K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-518.52K	USD	1 Quarter
BASIC AND DILUTED LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
BASIC AND DILUTED LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
BASIC AND DILUTED LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	2 Qtrs
BASIC AND DILUTED LOSS PER COMMON SHARE	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	215.00M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	215.00M	shares	2 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	215.00M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	215.00M	shares	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-74.35K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-634.80K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-518.52K	USD	1 Quarter
Interest expense	`InterestExpense`	$-14.37K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	2 Qtrs
Common stock issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	-	USD	2 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	2 Qtrs
Impairment of intangible assets	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-50.00K	USD	2 Qtrs
Refundable deposits	`IncreaseDecreaseInDemandDeposits`	-	USD	2 Qtrs
Refundable deposits	`IncreaseDecreaseInDemandDeposits`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.81K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.84K	USD	2 Qtrs
Accounts payable and accrued interest	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.30K	USD	2 Qtrs
Accounts payable and accrued interest	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$51.77K	USD	2 Qtrs
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-536.60K	USD	2 Qtrs
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-78.50K	USD	2 Qtrs
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$456.56K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$52.30K	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$147.43K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$604.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$52.30K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-26.20K	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$67.39K	USD	2 Qtrs
CASH AT BEGINNING OF PERIOD	`CashEquivalentsAtCarryingValue`	$13.45K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashEquivalentsAtCarryingValue`	$27.88K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashEquivalentsAtCarryingValue`	$80.85K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashEquivalentsAtCarryingValue`	$1.69K	USD	Point-in-time
CASH AT END OF PERIOD	`CashEquivalentsAtCarryingValue`	$13.45K	USD	Point-in-time
CASH AT END OF PERIOD	`CashEquivalentsAtCarryingValue`	$27.88K	USD	Point-in-time
CASH AT END OF PERIOD	`CashEquivalentsAtCarryingValue`	$80.85K	USD	Point-in-time
CASH AT END OF PERIOD	`CashEquivalentsAtCarryingValue`	$1.69K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Common stock issued for subsidiary	`CommonStockIssuedForSubsidiary`	-	USD	2 Qtrs
Common stock issued for subsidiary	`CommonStockIssuedForSubsidiary`	-	USD	2 Qtrs
Cancellation of common stock	`CancellationOfCommonStock`	-	USD	2 Qtrs
Cancellation of common stock	`CancellationOfCommonStock`	-	USD	2 Qtrs

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