10-Q Filing

ENVIRONMENTAL PACKAGING TECHNOLOGIES HOLDINGS, INC. CIK: 1553734 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001477932-17-002652`
Period End Date	20170331
Filing Date	20170601
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	imste-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 19 Cash Flow Statement 31 Stockholders Equity 13

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$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	`Cash`	$475.00	USD	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$475.00	USD	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$475.00	USD	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$475.00	USD	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$475.00	USD	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`	108.54M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$215.85K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$39.77K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	108.54M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	23.81M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	23.81M	shares	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$7.26K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	23.81M	shares	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$47.02K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	26.25M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	23.81M	shares	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$215.85K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$215.85K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$47.02K	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, 108,539,500 shares authorized; 23,810,853 shares issued and outstanding at March 31, 2017 and December 31, 2016	`CommonStockValue`	$2.38K	USD	Point-in-time
Common stock, $0.0001 par value, 108,539,500 shares authorized; 23,810,853 shares issued and outstanding at March 31, 2017 and December 31, 2016	`CommonStockValue`	$2.38K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$843.66K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$659.80K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-877.55K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-892.59K	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-230.27K	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-46.55K	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-215.37K	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 19 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$71.57K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$15.03K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-15.03K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-71.57K	USD	1 Quarter
Interest	`InterestExpenseRelatedParty`	-	USD	1 Quarter
Interest	`InterestExpenseRelatedParty`	$1.24K	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.03K	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-72.80K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$14.89K	USD	Annual
Net loss	`NetIncomeLoss`	$-15.03K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-72.80K	USD	1 Quarter
Weighted average loss per share - basic and dilutive	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average loss per share - basic and dilutive	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average shares outstanding - basic and dilutive	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.81M	shares	1 Quarter
Weighted average shares outstanding - basic and dilutive	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.25M	shares	1 Quarter

Cash Flow Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$14.89K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-15.03K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-72.80K	USD	1 Quarter
Increase in Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$72.80K	USD	1 Quarter
Increase in Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$7.78K	USD	1 Quarter
Increase in amounts due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	-	USD	1 Quarter
Increase in amounts due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$7.26K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	-	USD	1 Quarter
INCREASE (DECREASE) IN CASH	`CashPeriodIncreaseDecrease`	-	USD	1 Quarter
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`	$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`	$475.00	USD	Point-in-time
CASH, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$475.00	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Accrued expenses paid by noteholder	`AccruedExpensesPaidByNoteHolder`	-	USD	1 Quarter
Accrued expenses paid by noteholder	`AccruedExpensesPaidByNoteHolder`	$18.29K	USD	1 Quarter
Common stock issued for accrued expenses	`CommonStockIssuedForAccruedExpenses`	$183.86K	USD	1 Quarter
Common stock issued for accrued expenses	`CommonStockIssuedForAccruedExpenses`	-	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-230.27K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-46.55K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-215.37K	USD	Point-in-time
Share cancellation, Amount	`ShareCancellationAmount`	-	USD	Annual
Shares returned to treasury, Amount	`SharesReturnedToTreasuryAmount`	-	USD	1 Quarter
Share exchange for liability, Amount	`ShareExchangeForLiabilityAmount`	$183.86K	USD	1 Quarter
Common Stock cancelled in forward stock split of 1:2.17079 on February 16, 2017, Shares	`CommonStockCancelledForRoundingUpOfForwardStockSplit12.17079February162017.`	-	shares	1 Quarter
Net income (loss)	`NetIncomeLoss`	$14.89K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-15.03K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-72.80K	USD	1 Quarter
Ending Balance, Amount	`StockholdersEquity`	$-230.27K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-46.55K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-215.37K	USD	Point-in-time

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