10-Q Filing

ENVIRONMENTAL PACKAGING TECHNOLOGIES HOLDINGS, INC. CIK: 1553734 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001477932-16-013672`
Period End Date	20160930
Filing Date	20161118
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	imste-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 41 Cash Flow Statement 37 Stockholders Equity 12

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashEquivalentsAtCarryingValue`	$475.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashEquivalentsAtCarryingValue`	$475.00	USD	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$475.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$475.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$475.00	USD	Point-in-time
TOTAL ASSETS	`Assets`	$475.00	USD	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
Common stock, Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$168.25K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$205.14K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	10.97M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	12.09M	shares	Point-in-time
Notes payable	`NotesPayableCurrent`	$62.49K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	10.97M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	12.09M	shares	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$205.14K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$230.74K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$230.74K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$205.14K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	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
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; 10,968,754 and 12,093,754 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively.	`CommonStockValue`	$1.10K	USD	Point-in-time
Common stock, $0.0001 par value, 50,000,000 shares authorized; 10,968,754 and 12,093,754 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively.	`CommonStockValue`	$1.21K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$660.97K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$661.09K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-866.85K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-892.45K	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-204.66K	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-230.27K	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-131.03K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT	`LiabilitiesAndStockholdersEquity`	$475.00	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT	`LiabilitiesAndStockholdersEquity`	$475.00	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	3 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$597.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$33.65K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$78.92K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$78.09K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-597.00	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-78.92K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-78.09K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-33.65K	USD	1 Quarter
Forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	$116.19K	USD	3 Qtrs
Forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	-	USD	1 Quarter
Forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	$4.00K	USD	3 Qtrs
Forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	$116.19K	USD	1 Quarter
Interest	`InterestExpenseRelatedParty`	$1.20K	USD	1 Quarter
Interest	`InterestExpenseRelatedParty`	$6.10K	USD	1 Quarter
Interest	`InterestExpenseRelatedParty`	$3.51K	USD	3 Qtrs
Interest	`InterestExpenseRelatedParty`	$12.49K	USD	3 Qtrs
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$109.49K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-78.44K	USD	3 Qtrs
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.60K	USD	3 Qtrs
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-34.85K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-34.85K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$109.49K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$25.60K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-78.44K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-99.24K	USD	Annual
Net income (loss) per share - basic and dilutive	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net income (loss) per share - basic and dilutive	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Net income (loss) per share - basic and dilutive	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Net income (loss) per share - basic and dilutive	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Weighted average shares outstanding - basic and dilutive	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.00M	shares	1 Quarter
Weighted average shares outstanding - basic and dilutive	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.06M	shares	3 Qtrs
Weighted average shares outstanding - basic and dilutive	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.63M	shares	3 Qtrs
Weighted average shares outstanding - basic and dilutive	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.63M	shares	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-34.85K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$109.49K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$25.60K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-78.44K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-99.24K	USD	Annual
Gain on forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	$116.19K	USD	3 Qtrs
Gain on forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	-	USD	1 Quarter
Gain on forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	$4.00K	USD	3 Qtrs
Gain on forgiveness of debt	`DebtInstrumentDecreaseForgiveness`	$116.19K	USD	1 Quarter
Increase in Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$90.59K	USD	3 Qtrs
Increase in Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$78.48K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.95K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$2.50K	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.50K	USD	3 Qtrs
DECREASE IN CASH	`CashPeriodIncreaseDecrease`	$-1.45K	USD	3 Qtrs
DECREASE IN CASH	`CashPeriodIncreaseDecrease`	-	USD	3 Qtrs
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$475.00	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$475.00	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$475.00	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.93K	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$475.00	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$475.00	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$475.00	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.93K	USD	Point-in-time
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Accrued expenses paid by note holder	`AccruedExpensesPaidByNoteHolder`	$33.29K	USD	3 Qtrs
Accrued expenses paid by note holder	`AccruedExpensesPaidByNoteHolder`	-	USD	3 Qtrs
Cancellation of shares	`CancellationOfShares`	$113.00	USD	3 Qtrs
Cancellation of shares	`CancellationOfShares`	-	USD	3 Qtrs

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-204.66K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-230.27K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-131.03K	USD	Point-in-time
Share cancellation, Amount	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-34.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$109.49K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$25.60K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-78.44K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-99.24K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$-204.66K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-230.27K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-131.03K	USD	Point-in-time

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