10-Q Filing

PINEAPPLE EXPRESS CANNABIS CO CIK: 1710495 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001710495-19-000013`
Period End Date	20191031
Filing Date	20191216
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	none-20191031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 40 Cash Flow Statement 34 Stockholders Equity 16

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Common stock par value	`CommonStockValue`	$0.00	USD	Point-in-time
Common stock par value	`CommonStockValue`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.52K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$696.00	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$16.78K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock shares issued and outstanding	`CommonStockSharesOutstanding`	2.83M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$696.00	USD	Point-in-time
Common stock shares issued and outstanding	`CommonStockSharesOutstanding`	2.83M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$25.30K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$3.55K	USD	Point-in-time
Total Fixed Assets	`Assets`	$3.55K	USD	Point-in-time
Total Fixed Assets	`Assets`	-	USD	Point-in-time
Total Assets	`AssetsNoncurrent`	$696.00	USD	Point-in-time
Total Assets	`AssetsNoncurrent`	$28.85K	USD	Point-in-time
Related party loan	`EmployeeRelatedLiabilitiesCurrent`	$8.65K	USD	Point-in-time
Related party loan	`EmployeeRelatedLiabilitiesCurrent`	$16.90K	USD	Point-in-time
Investments	`LongTermInvestments`	-	USD	Point-in-time
Investments	`LongTermInvestments`	$12.10K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.12K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$29.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.78K	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesCurrent`	$1.88K	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Total Non-current Liabilities	`OtherLiabilitiesCurrent`	$1.88K	USD	Point-in-time
Total Non-current Liabilities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Total Liabilities	`LiabilitiesNoncurrent`	$9.78K	USD	Point-in-time
Total Liabilities	`LiabilitiesNoncurrent`	$30.88K	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.001; 75,000,000 shares authorized, 2,830,000 and 2,830,000 shares issued and outstanding	`CommonStockSharesIssued`	2,830.00	shares	Point-in-time
Common stock, par value $0.001; 75,000,000 shares authorized, 2,830,000 and 2,830,000 shares issued and outstanding	`CommonStockSharesIssued`	2,830.00	shares	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$570.00	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$570.00	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-12.48K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-5.42K	USD	Point-in-time
Total Stockholder's Deficit	`Liabilities`	$-9.08K	USD	Point-in-time
Total Stockholder's Deficit	`Liabilities`	$-2.02K	USD	Point-in-time
Total Liabilities and Stockholder's Equity	`LiabilitiesAndStockholdersEquity`	$28.85K	USD	Point-in-time
Total Liabilities and Stockholder's Equity	`LiabilitiesAndStockholdersEquity`	$696.00	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$11.65K	USD	3 Qtrs
REVENUES	`Revenues`	$35.92K	USD	3 Qtrs
REVENUES	`Revenues`	-	USD	1 Quarter
REVENUES	`Revenues`	$29.47K	USD	1 Quarter
Costs of Revenues	`CostsOfRevenues`	-	USD	1 Quarter
Costs of Revenues	`CostsOfRevenues`	$7.78K	USD	1 Quarter
Costs of Revenues	`CostsOfRevenues`	-	USD	3 Qtrs
Costs of Revenues	`CostsOfRevenues`	$7.78K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$28.14K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$11.65K	USD	3 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	$21.70K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$-7.83K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$-14.35K	USD	3 Qtrs
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$-4.08K	USD	1 Quarter
General and Administrative Expenses	`GeneralAndAdministrativeExpense`	$-19.21K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$-7.83K	USD	1 Quarter
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$-14.35K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$-19.21K	USD	3 Qtrs
TOTAL OPERATING EXPENSES	`OperatingExpenses`	$-4.08K	USD	1 Quarter
NET INCOME/LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$13.86K	USD	1 Quarter
NET INCOME/LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$-4.08K	USD	1 Quarter
NET INCOME/LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$8.93K	USD	3 Qtrs
NET INCOME/LOSS FROM OPERATIONS	`IncomeLossFromContinuingOperations`	$-2.70K	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`CurrentStateAndLocalTaxExpenseBenefit`	$1.88K	USD	3 Qtrs
PROVISION FOR INCOME TAXES	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	1 Quarter
PROVISION FOR INCOME TAXES	`CurrentStateAndLocalTaxExpenseBenefit`	$2.91K	USD	1 Quarter
PROVISION FOR INCOME TAXES	`CurrentStateAndLocalTaxExpenseBenefit`	-	USD	3 Qtrs
NET INCOME/LOSS	`OperatingIncomeLoss`	$-2.70K	USD	3 Qtrs
NET INCOME/LOSS	`OperatingIncomeLoss`	$-4.08K	USD	1 Quarter
NET INCOME/LOSS	`OperatingIncomeLoss`	$10.95K	USD	1 Quarter
NET INCOME/LOSS	`OperatingIncomeLoss`	$7.06K	USD	3 Qtrs
NET INCOME PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
NET INCOME PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET INCOME PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
NET INCOME PER SHARE: BASIC AND DILUTED	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.80M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.83M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.83M	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.80M	shares	3 Qtrs

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net Income	`ProfitLoss`	$-2.70K	USD	3 Qtrs
Net Income	`ProfitLoss`	$7.06K	USD	3 Qtrs
Depreciation	`Depreciation`	-	USD	3 Qtrs
Depreciation	`Depreciation`	$4.00K	USD	3 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-16.78K	USD	3 Qtrs
Change in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$450.00	USD	3 Qtrs
Change in accounts payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$450.00	USD	3 Qtrs
Change in accounts payable	`IncreaseDecreaseInAccountsPayableRelatedParties`	$-1.12K	USD	3 Qtrs
Change in deferred revenue	`RecognitionOfDeferredRevenue`	$-2.80K	USD	3 Qtrs
Change in deferred revenue	`RecognitionOfDeferredRevenue`	-	USD	3 Qtrs
Change in deferred income tax	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Change in deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$1.88K	USD	3 Qtrs
CASH FLOWS FROM OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-600.00	USD	3 Qtrs
CASH FLOWS FROM OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-8.98K	USD	3 Qtrs
Purchase of Fixed Assets	`PaymentsToAcquireOtherProductiveAssets`	$-3.55K	USD	3 Qtrs
Purchase of Fixed Assets	`PaymentsToAcquireOtherProductiveAssets`	$-920.00	USD	3 Qtrs
CASH FLOWS USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-3.55K	USD	3 Qtrs
CASH FLOWS USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-920.00	USD	3 Qtrs
Related party loan	`PaymentsToAcquireLoansReceivable`	$1.00K	USD	3 Qtrs
Related party loan	`PaymentsToAcquireLoansReceivable`	$8.25K	USD	3 Qtrs
Investments	`PaymentsToAcquireInvestments`	$12.10K	USD	3 Qtrs
Investments	`PaymentsToAcquireInvestments`	-	USD	3 Qtrs
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.00K	USD	3 Qtrs
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$20.35K	USD	3 Qtrs
NET CHANGE IN CASH	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-520.00	USD	3 Qtrs
NET CHANGE IN CASH	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$7.82K	USD	3 Qtrs
Cash, beginning of period	`CashCashEquivalentsAndShortTermInvestments`	$626.00	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsAndShortTermInvestments`	$696.00	USD	Point-in-time
Cash, end of period	`Cash`	$106.00	USD	Point-in-time
Cash, end of period	`Cash`	$8.52K	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Interest paid	`InterestPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$-2.02K	USD	Point-in-time
Balances	`StockholdersEquity`	$-4.28K	USD	Point-in-time
Balances	`StockholdersEquity`	$-9.08K	USD	Point-in-time
Balances	`StockholdersEquity`	$-8.36K	USD	Point-in-time
Balances	`StockholdersEquity`	$-12.97K	USD	Point-in-time
Balances	`StockholdersEquity`	$-5.66K	USD	Point-in-time
Balances	`StockholdersEquity`	$-2.02K	USD	Point-in-time
Balances	`StockholdersEquity`	$-4.28K	USD	Point-in-time
Balances	`StockholdersEquity`	$-9.08K	USD	Point-in-time
Balances	`StockholdersEquity`	$-8.36K	USD	Point-in-time
Balances	`StockholdersEquity`	$-12.97K	USD	Point-in-time
Balances	`StockholdersEquity`	$-5.66K	USD	Point-in-time
Net income	`NetIncomeLoss`	$-4.08K	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.95K	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.06K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-2.70K	USD	3 Qtrs

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