Green Hygienics (GRYN) 10-Q/A 7 Jun 18 2015 Q2 Quarterly report (amended) Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jan. 31, 2015	May 29, 2018
Document And Entity Information
Entity Registrant Name	Green Hygienics Holdings Inc.
Entity Central Index Key	1,443,388
Document Type	10-Q/A
Document Period End Date	Jan. 31, 2015
Current Fiscal Year End Date	--07-31
Amendment Flag	true
Amendment Description	The Company is filing this Amendment No. 1 on Form 10-Q (the “Amendment”) to our Quarterly Report on Form 10-Q/A for the quarter ended January 31, 2015 (the “Form 10-Q”), filed with the Securities and Exchange Commission on May 11, 2015 (the “Original Filing Date”) to restate the quarterly unaudited financial statements for the quarter ended January 31, 2015. This amendment includes the unaudited financial statements for the quarter ended January 31, 2015. The original filing included unaudited management prepared financial statements that were not reviewed by the Company’s independent registered public accounting firm. Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the certifications required pursuant to the rules promulgated under the Exchange Act, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, which were included as exhibits to the Original Report, have been amended, restated and re-executed as of the date of this Amendment (No. 1 ) and are included as Exhibits 31.1 and 32.1 hereto.
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		34,707,835
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,015

Condensed Interim Balance Sheet

Condensed Interim Balance Sheets - USD ($)	Jan. 31, 2015	Jul. 31, 2014
Current assets
Cash	$ 3,068	$ 3,361
Total Assets	3,068	3,361
Current Liabilities
Accounts payable and accrued liabilities (Notes 4 and 5)	235,302	224,731
Loans payable (Note 3)	18,750	130,250
Convertible debt, net of unamortized discount of $nil (2014 - $35,429) (Note 4)	155,853	8,924
Due to related parties (Note 5)	70,774	70,774
Total Liabilities	480,679	434,679
Nature of operations and continuance of business (Note 1)
Subsequent events (Note 6)
Stockholder's Deficit
Common stock, 375,000,000 shares authorized, $0.001 par value 57,835shares issued and outstanding	58	58
Additional paid-in capital	12,016,022	12,016,022
Deficit	(12,493,691)	(12,447,398)
Total Stockholder's Deficit	(477,611)	(431,318)
Total Liabilities and Stockholder's Deficit	$ 3,068	$ 3,361

Condensed Interim Balance Shee3

Condensed Interim Balance Sheets (Parenthetical) - USD ($)	Jan. 31, 2015	Jul. 31, 2014
Current Liabilities
Convertible debt, net of unamortized discount		$ 35,429
Stockholder's Deficit
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	375,000,000	375,000,000
Common Stock, shares issued	57,835	57,835
Common Stock, shares outstanding	57,835	57,835

Condensed Interim Statements of

Condensed Interim Statements of Operations and Comprehensive Loss (unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Expenses
Consulting fees		$ 76,880	$ 1,873	$ 100,199
General and administrative	870	57,338	1,114	76,788
Management fees (Note 5)		1,701,452		1,722,452
Total Expenses	870	1,835,670	2,987	1,899,439
Loss Before Other Income(Expense)	(870)	(1,835,670)	(2,987)	(1,899,439)
Other Income (Expense)
Foreign exchange	1,099	(1,344)	1,455	(1,344)
Interest expense	(25,012)	(5,038)	(44,761)	(8,684)
Loss on write-down of advances		(150,000)		(150,000)
Total Other Income (Expense)	(23,913)	(156,382)	(43,306)	(160,028)
Net Loss and Comprehensive Loss	$ (24,783)	$ (1,992,052)	$ (46,293)	$ (2,059,467)
Net Loss Per Share, Basic and Diluted	$ (0.43)	$ (36.89)	$ (0.80)	$ (41.19)
Weighted Average Shares Outstanding	57,835	54,000	57,835	50,000

Condensed Interim Statements o5

Condensed Interim Statements of Cash Flows (unaudited) - USD ($)	6 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Operating Activities
Net loss	$ (46,293)	$ (2,059,467)
Adjustments to reconcile net loss to net cash used in operating activities:
Accretion of discounts on convertible debt	35,429	2,120
Imputed interest		5,460
Loss on settlement of accounts payable		432,950
Stock-based compensation		1,325,885
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	10,571	159,879
Net Cash Used In Operating Activities	(293)	(133,173)
Investing Activities
Advances for acquisition of assets		(73,800)
Net Cash Used In Investing Activities		(73,800)
Financing Activities
Proceeds from note payable		44,985
Proceeds from related party loan		26,088
Repayment of related party loan		(3,060)
Proceeds from stock issued		153,750
Net Cash Provided By Financing Activities		221,763
Decrease in Cash	(293)	(14,790)
Cash, Beginning of Period	3,361	4,324
Cash, End of Period	3,068	19,144
Non-cash Financing Activities:
Intrinsic value of beneficial conversion feature recorded as discount on convertible debt and additional paid-in capital		20,571
Stock issued to settle accounts payable		114,250
Supplemental Disclosures:
Interest paid
Income taxes paid

Nature of Operations and Contin

Nature of Operations and Continuance of Business	6 Months Ended
	Jan. 31, 2015
Notes to Financial Statements
Note 1. Nature of Operations and Continuance of Business	The accompanying condensed interim financial statements of Green Hygienics Holdings Inc. (the “Company”) should be read in conjunction with the financial statements and accompanying notes filed with the U.S. Securities and Exchange Commission in the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2014. In the opinion of management, the accompanying condensed interim financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company’s financial position and the results of its operations and its cash flows for the periods shown. The preparation of these condensed interim financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. The results of operations and cash flows for the periods shown are not necessarily indicative of the results to be expected for the full year. These condensed interim financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated revenues since inception and is unlikely to generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As at January 31, 2015, the Company has a working capital deficiency of $477,611 and has an accumulated deficit of $12,493,691 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These condensed interim financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jan. 31, 2015
Notes to Financial Statements
Note 2. Significant Accounting Policies	(a) Basis of Presentation These condensed interim financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in U.S. dollars. (b) Reclassifications Certain of the prior period amounts have been reclassified to conform to the current period’s presentation. (c) Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Loans Payable

Loans Payable	6 Months Ended
	Jan. 31, 2015
Notes to Financial Statements
Note 3. Loans Payable	(a) As at January 31, 2015, the Company owes $18,750 (July 31, 2014 - $105,250) to a non-related party, which is non-interest bearing, unsecured, and due on demand. (b) As at January 31, 2015, the Company owes $nil (July 31, 2014 - $25,000) to a non-related party, which is non-interest bearing, unsecured, and due on demand.

Convertible Debt

Convertible Debt	6 Months Ended
	Jan. 31, 2015
Notes to Financial Statements
Note 4. Convertible Debt	(a) On August 11, 2014, the Company issued a convertible note for $86,500 to a non-related party. The note bears interest at 10% per annum, is unsecured, and is due on August 11, 2015. The unpaid amount of principal and accrued interest can be converted at any time at the holder’s option at a price of $0.00125 per share of the Company’s common stock. In accordance with ASC 470-20, “Debt with Conversion and Other Options”, the Company determined that the convertible promissory note contained no embedded beneficial conversion feature as the convertible promissory note was issued with a conversion price higher than the fair market value of the Company’s shares of common stock at the time of issuance. As at January 31, 2015, the note has accrued interest of $4,100 which has been included in accounts payable and accrued liabilities. (b) On August 11, 2014, the Company issued a convertible note for $25,000 to a non-related party. The note bears interest at 10% per annum, is unsecured, and is due on August 11, 2015. The unpaid amount of principal and accrued interest can be converted at any time at the holder’s option at a price of $0.00125 per share of the Company’s common stock. In accordance with ASC 470-20, “Debt with Conversion and Other Options”, the Company determined that the convertible promissory note contained no embedded beneficial conversion feature as the convertible promissory note was issued with a conversion price higher than the fair market value of the Company’s shares of common stock at the time of issuance. As at January 31, 2015, the note has accrued interest of $1,185 (July 31, 2014 - $nil) which has been included in accounts payable and accrued liabilities. (c) On December 17, 2013, the Company issued a convertible note for $24,853 to a non-related party. The note bears interest at 10% per annum, is unsecured, and is due on December 17, 2014. The unpaid amount of principal and accrued interest can be converted at any time at the holder’s option at a price of $0.00125 per share of the Company’s common stock. In accordance with ASC 470-20, “ Debt with Conversion and Other Options (d) On December 31, 2013, the Company issued a convertible note for $19,500 to a non-related party. The note bears interest at 10% per annum, is unsecured, and is due on December 31, 2014. The unpaid amount of principal and accrued interest can be converted at any time at the holder’s option at a price of $0.00125 per share of the Company’s common stock. In accordance with ASC 470-20, “Debt with Conversion and Other Options”, the Company recognized the intrinsic value of the embedded beneficial conversion feature of $19,500 as additional paid-in capital and an equivalent discount which will be charged to operations over the term of the convertible note. During the six months ended January 31, 2015, the Company accreted $15,919 (2014 - $3,581) of the debt discount which was recorded as interest expense. As at January 31, 2015, the convertible note has a carrying value of $19,500 (July 31, 2014 - $3,581) and accrued interest of $1,624 (July 31, 2014 - $1,133) which has been included in accounts payable and accrued liabilities.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jan. 31, 2015
Notes to Financial Statements
Note 5. Related Party Transactions	(a) During the six months ended January 31, 2015, the Company incurred $nil (2014 - $41,000) in management fees and $nil (2014 - $15,889) in consulting fees to the President and Chief Executive Officer (“CEO”) of the Company. (b) On July 31, 2014, the Company issued a promissory note for $70,774 to the President and CEO of the Company. The note bears interest at 5% per annum, is unsecured, and is due on demand. In the event of default, the holder may convert the unpaid amount of principal and accrued interest at a price of $0.003 per share of the Company’s common stock. As at January 31, 2015, the note has a principal amount outstanding of $70,774 (July 31, 2014 - $70,774) and accrued interest of $1,784 (July 31, 2014 - $nil) which has been included in accounts payable and accrued liabilities.

Subsequent Events

Subsequent Events	6 Months Ended
	Jan. 31, 2015
Notes to Financial Statements
Note 6. Subsequent Events	(a) On April 15, 2015, the Company issued a promissory note for $145,000 to a non-related party. The note bears interest at 5% per annum, is unsecured, and is due on January 15, 2015. In the event of default, the holder may convert the unpaid amount of principal and accrued interest at a price of $0.01 per share of the Company’s common stock. (b) On April 15, 2015, the Company issued a promissory note to a non-related party for $189,150 to settle convertible debt plus accrued interest. Refer to Notes 4(a), (b), (c), and (d). The note bears interest at 5% per annum, is unsecured, and is due on January 15, 2015. In the event of default, the holder may convert the unpaid amount of principal and accrued interest into shares of common stock of the Company at a price of $0.01 per share. (c) On June 1, 2015, the Company completed a 200-for-1 reverse split of its common stock. All share amounts have been retroactively restated for all periods presented. (d) On June 3, 2015, the Company issued 30,000,000 shares of common stock to settle debt of $334,150. Refer to Notes 6(a) and (b). (e) On June 22, 2015, the Company issued 1,500,000 shares of common stock to settle $4,500 owing to the former President and CEO of the Company. Refer to Note 5(b). (f) On July 7, 2015, the Company issued 50,000 shares of common stock to settle $150 owing to the former President and CEO of the Company. Refer to Note 5(b). (g) On July 20, 2015, the Company issued 1,500,000 shares of common stock to settle $4,500 owing to the former President and CEO of the Company. Refer to Note 5(b). (h) On August 24, 2015, the Company issued 1,600,000 shares of common stock settle $4,800 owing to the former President and CEO of the Company. Refer to Note 5(b)

Significant Accounting Polici12

Significant Accounting Policies (Policies)	6 Months Ended
	Jan. 31, 2015
Significant Accounting Policies Policies
Basis of Presentation	These condensed interim financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in U.S. dollars.
Reclassifications	Certain of the prior period amounts have been reclassified to conform to the current period’s presentation.
Recent Accounting Pronouncements	The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Nature of Operations and Cont13

Nature of Operations and Continuance of Business (Details Narrative) - USD ($)	Jan. 31, 2015	Jul. 31, 2014
Nature Of Operations And Continuance Of Business Details Narrative
Working capital deficit	$ (477,611)
Accumulated deficit	$ (12,493,691)	$ (12,447,398)

Loans Payable (Details Narrativ

Loans Payable (Details Narrative) - USD ($)	Jan. 31, 2015	Jul. 31, 2014
Loans payable	$ 18,750	$ 130,250
Non-related party [Member]
Loans payable	18,750	105,250
Non-related party 1 [Member]
Loans payable	$ 0	$ 25,000

Convertible Debt (Details Narra

Convertible Debt (Details Narrative) - USD ($)	Aug. 11, 2014	Dec. 31, 2013	Dec. 17, 2013	Jan. 31, 2015	Jan. 31, 2014	Jul. 31, 2014
Convertible note				$ 155,853		$ 8,924
Non-related party 3 [Member]
Convertible note				19,500		3,581
Debt discount				15,919	$ 3,581
Accrued interest				1,624		1,133
Non-related party [Member]
Convertible note	$ 86,500	$ 19,500	$ 24,853
Interest rate	10.00%	10.00%	10.00%
Maturity Date	Aug. 11, 2015	Dec. 31, 2014	Dec. 17, 2014
Option price per share	$ 0.00125	$ 0.00125	$ 0.00125
Embedded beneficial conversion feature		$ 19,500	$ 24,583
Accrued interest				4,100
Non-related party 2 [Member]
Convertible note				24,583		5,343
Debt discount				19,240	$ 5,343
Accrued interest				3,311		1,539
Non-related party 1 [Member]
Convertible note	$ 25,000
Interest rate	10.00%
Maturity Date	Aug. 11, 2015
Option price per share	$ 0.00125
Accrued interest				$ 1,185		$ 0

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014	Jul. 31, 2014
Management fees		$ 1,701,452		$ 1,722,452
Consulting fees		$ 76,880	1,873	100,199
President and Chief Executive Officer [Member]
Management fees			0	41,000
Consulting fees			$ 0	$ 15,889
Promissory note					$ 70,774
President and Chief Executive Officer 1 [Member]
Convertible price	$ 0.003		$ 0.003
Promissory note	$ 70,774		$ 70,774		70,774
Interest rate			5.00%
Accrued interest	$ 1,784		$ 1,784		$ 0

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)

Jul. 07, 2015

Jun. 03, 2015

Jun. 01, 2015

Aug. 11, 2014

Aug. 24, 2015

Jul. 20, 2015

Jun. 22, 2015

Apr. 15, 2015

Dec. 31, 2013

Dec. 17, 2013

Jan. 31, 2015

Jul. 31, 2014

Convertible note

$ 155,853

$ 8,924

Non-related party [Member]

Convertible note

$ 86,500

$ 19,500

$ 24,853

Interest rate

10.00%

10.00%

10.00%

Maturity date

Aug. 11, 2015

Dec. 31, 2014

Dec. 17, 2014

Option price per share

$ 0.00125

$ 0.00125

$ 0.00125

Subsequent Event [Member]

Reverse stock split

200-for-1

Debt convertible conversion of instrument shares issued

30,000,000

Debt convertible conversion of instrument shares issued, amount

$ 334,150

Subsequent Event [Member] | Non-related party [Member]

Convertible note

$ 145,000

Interest rate

5.00%

Maturity date

Jan. 15, 2015

Option price per share

$ 0.01

Subsequent Event [Member] | Non-related party [Member] | Promissory Note [Member]

Convertible note

$ 189,150

Interest rate

5.00%

Maturity date

Jan. 15, 2015

Option price per share

$ 0.01

Subsequent Event [Member] | President and Chief Executive Officer [Member]

Debt convertible conversion of instrument shares issued

50,000

1,600,000

1,500,000

1,500,000

Debt convertible conversion of instrument shares issued, amount

$ 150

$ 4,800

$ 4,500

$ 4,500