10-K Filing

XFUELS, INC. CIK: 1518548 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001477932-17-001281`
Period End Date	20160430
Filing Date	20170324
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	xful-20160430.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 30 Cash Flow Statement 50 Stockholders Equity 16

Balance Sheet 53 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 par value	`CommonStockParOrStatedValuePerShare`	$0.00	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 authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Cash	`Cash`	$27.88K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	23.79M	shares	Point-in-time
Accounts Receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	3.52M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	632.53M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	616.00M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	3.52M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$27.88K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	616.00M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	23.79M	shares	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	632.53M	shares	Point-in-time
Total current assets	`AssetsCurrent`	-	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
Computer equipment, net	`CapitalizedComputerSoftwareNet`	$2.00K	USD	Point-in-time
Preferred stock share issued	`PreferredStockSharesIssued`	1.00	shares	Point-in-time
Preferred stock share issued	`PreferredStockSharesIssued`	1.00	shares	Point-in-time
Computer equipment, net	`CapitalizedComputerSoftwareNet`	-	USD	Point-in-time
Investment - net of impairment	`LongTermInvestments`	-	USD	Point-in-time
Investment - net of impairment	`LongTermInvestments`	$27.00K	USD	Point-in-time
Total assets	`Assets`	$27.00K	USD	Point-in-time
Total assets	`Assets`	$29.88K	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`	-	USD	Point-in-time
Accrued Interest payable	`AccruedLiabilitiesCurrent`	$152.10K	USD	Point-in-time
Convertible debentures net of discount	`ConvertibleDebenturesNetOfDiscountCurrent`	$1.55M	USD	Point-in-time
Convertible debentures net of discount	`ConvertibleDebenturesNetOfDiscountCurrent`	$549.75K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$719.04K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.57M	USD	Point-in-time
Common stock, $0.0001 par value, 1,500,000,000 authorized, 23,794,446 shares issued and outstanding at April 30, 2016 and 632,528,649 at April 30, 2015 respectively.	`CommonStockValue`	$2.01K	USD	Point-in-time
Common stock, $0.0001 par value, 1,500,000,000 authorized, 23,794,446 shares issued and outstanding at April 30, 2016 and 632,528,649 at April 30, 2015 respectively.	`CommonStockValue`	$63.25K	USD	Point-in-time
Preferred stock, .0001 par value, 1 share issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, .0001 par value, 1 share issued	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$714.16K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$1.65M	USD	Point-in-time
Deficit accumulated during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-3.19M	USD	Point-in-time
Deficit accumulated during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-1.47M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-1.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-265.59K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-689.16K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$29.88K	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$27.00K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$348.00K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$54.75K	USD	Annual
Loan fees	`LoanProcessingFee`	$2.90K	USD	Annual
Loan fees	`LoanProcessingFee`	$284.05K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	-	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$50.00K	USD	Annual
Depreciation expense	`Depreciation`	-	USD	Annual
Depreciation expense	`Depreciation`	$2.00K	USD	Annual
Professional fees	`ProfessionalFees`	$26.30K	USD	Annual
Professional fees	`ProfessionalFees`	$68.11K	USD	Annual
Total operating expenses	`OperatingExpenses`	$750.15K	USD	Annual
Total operating expenses	`OperatingExpenses`	$85.95K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-85.95K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-750.15K	USD	Annual
Interest expense	`InterestExpenseOther`	$-28.08K	USD	Annual
Interest expense	`InterestExpenseOther`	$378.17K	USD	Annual
Impairment of investment	`GoodwillImpairmentLoss`	$-1.61M	USD	Annual
Impairment of investment	`GoodwillImpairmentLoss`	-	USD	Annual
Total other expenses	`OtherExpenses`	$378.17K	USD	Annual
Total other expenses	`OtherExpenses`	$1.64M	USD	Annual
Provision for taxes on income	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for taxes on income	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-1.13M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.73M	USD	Annual
Weighted average number of shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	5.07M	shares	Annual
Weighted average number of shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.27M	shares	Annual
Net loss per share-basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.34	USD	Annual
Net loss per share-basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.01	USD	Annual

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.13M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.73M	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Impairment charged to income	`GoodwillImpairmentLoss`	$-1.61M	USD	Annual
Impairment charged to income	`GoodwillImpairmentLoss`	-	USD	Annual
Depreciation expense	`Depreciation`	-	USD	Annual
Depreciation expense	`Depreciation`	$2.00K	USD	Annual
(Increase) in prepaids	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
(Increase) in prepaids	`IncreaseDecreaseInPrepaidExpense`	$-150.00K	USD	Annual
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.76K	USD	Annual
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.84K	USD	Annual
Increase/(decrease) in accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-152.10K	USD	Annual
Increase/(decrease) in accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$121.48K	USD	Annual
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-265.98K	USD	Annual
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.14M	USD	Annual
Purchase of fixed assets	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	-	USD	Annual
Purchase of fixed assets	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	-	USD	Annual
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash flows from investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$704.75K	USD	Annual
Loans, related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	-	USD	Annual
Loans, related party	`RelatedPartyTransactionPurchasesFromRelatedParty`	-	USD	Annual
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$152.76K	USD	Annual
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$238.10K	USD	Annual
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$238.10K	USD	Annual
Net cash flows from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$857.52K	USD	Annual
Net cash flows	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-285.57K	USD	Annual
Net cash flows	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-27.88K	USD	Annual
Net increase in cash for the period	`CashPeriodIncreaseDecrease`	$14.43K	USD	Annual
Net increase in cash for the period	`CashPeriodIncreaseDecrease`	$-27.88K	USD	Annual
Cash and equivalents at beginning of period	`CashEquivalentsAtCarryingValue`	$13.45K	USD	Point-in-time
Cash and equivalents at beginning of period	`CashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents at beginning of period	`CashEquivalentsAtCarryingValue`	$27.88K	USD	Point-in-time
Cash and equivalents at end of period	`CashEquivalentsAtCarryingValue`	$13.45K	USD	Point-in-time
Cash and equivalents at end of period	`CashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents at end of period	`CashEquivalentsAtCarryingValue`	$27.88K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	Annual
Interest	`InterestPaid`	$28.08K	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Stock issued to acquire assets	`StockIssuedToAcquireAssets`	$21.15K	USD	Annual
Stock issued to acquire assets	`StockIssuedToAcquireAssets`	-	USD	Annual
Shares issued to settle interest expense	`SharesIssuedToSettleInterestExpense`	-	USD	Annual
Shares issued to settle interest expense	`SharesIssuedToSettleInterestExpense`	-	USD	Annual
Shares issued to settle convertible notes	`SharesIssuedToSettleConvertibleNotes`	-	USD	Annual
Shares issued to settle convertible notes	`SharesIssuedToSettleConvertibleNotes`	$665.60K	USD	Annual
Interest expense accrued but not paid for in cash	`InterestExpenseAccruedButNotPaidForInCash`	$28.08K	USD	Annual
Interest expense accrued but not paid for in cash	`InterestExpenseAccruedButNotPaidForInCash`	-	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-1.54M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-265.59K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-689.16K	USD	Point-in-time
Adjustment for the change in par value, Amount	`AdjustmentForChangeInParValueAmount`	-	USD	Annual
Loans converted to common shares pre-split, Amount	`LoansConvertedToCommonSharesAmount`	$57.24K	USD	Annual
Loans converted to common shares pre-split, Amount	`LoansConvertedToCommonSharesAmount`	$704.75K	USD	Annual
Services compensated by common shares pre-split, Amount	`ServicesCompensatedByCommonSharesPreSplitAmount`	-	USD	Annual
Adjustment for the reverse split of common stock, Amount	`AdjustmentsToAdditionalPaidInCapitalStockSplit`	-	USD	Annual
Loans converted to common shares post split, Amount	`LoansConvertedToCommonSharesPostSplitAmount`	$665.60K	USD	Annual
Services compensated by common shares post split, Amount	`ServicesCompensatedByCommonSharesPostSplitAmount`	$80.00K	USD	Annual
Preferred stock issued for investment 1 Share, Amount	`PreferredStockIssuedForInvestment1ShareAmount`	$21.50K	USD	Annual
Net (loss)	`NetLoss`	$-1.68M	USD	Annual
Net (loss)	`NetLoss`	$-1.13M	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$-1.54M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-265.59K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-689.16K	USD	Point-in-time

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