Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 15, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Entity Registrant Name | 'Eco-Tek Group, Inc. | ' |
Entity Central Index Key | '0001473637 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Document Fiscal Year Focus | '2013 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Units Outstanding | ' | 251,153,133 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Current Assets | ' | ' |
Cash | $4,846 | $12,836 |
Accounts receivable, net of allowance of $15,468 as of September 30, 2013 and December 31, 2012 | 84,360 | 37,889 |
Inventory | 26,950 | 14,278 |
Investment tax credit recoverable | ' | 9,955 |
Deposits and sundry assets | 7,428 | 3,847 |
Total current assets | 123,584 | 78,805 |
Property and equipment | 6,020 | 7,338 |
Total assets | 129,604 | 86,143 |
Liabilities | ' | ' |
Accounts payable and accrued liabilities | 193,055 | 136,850 |
Notes payable [Note 6] | 418,892 | 134,935 |
Convertible promissory notes payable | 265,000 | 260,278 |
Advances from stockholders [Note 7] | 467,568 | 474,250 |
Total current liabilities | 1,344,515 | 1,006,313 |
Commitment | ' | ' |
Stockholders' deficit | ' | ' |
Preferred stock, $0.001 par value; 50,000,000 shares authorized, 1,000 share outstanding as of September 30, 2013 and December 31, 2012 [Note 8] | 1 | 1 |
Common stock, $0.001 par value, 7,000,000,000 shares authorized and 251,153,133 shares issued and outstanding as of September 30, 2013 and 250,819,800 shares issued and outstanding December 31, 2012 | 251,153 | 250,820 |
Additional paid-in capital | 999,771 | 863,242 |
Accumulated other comprehensive loss | -18,765 | -34,643 |
Accumulated deficit | -2,447,071 | -1,999,590 |
Total stockholders' deficit | -1,214,911 | -920,170 |
Total liabilities and stockholders' deficit | $129,604 | $86,143 |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
CONSOLIDATED BALANCE SHEETS [Abstract] | ' | ' |
Accounts receivable, allowance | $15,468 | $15,468 |
Preferred stock, par value per share | $0.00 | $0.00 |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
Preferred stock, shares outstanding | 1,000 | 1,000 |
Common stock, par value per share | $0.00 | $0.00 |
Common stock, shares authorized | 7,000,000,000 | 7,000,000,000 |
Common stock, shares issued | 251,153,133 | 250,819,800 |
Common stock, shares outstanding | 251,153,133 | 250,819,800 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | |
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract] | ' | ' | ' | ' | ' | ' |
SALES | $136,803 | $74,154 | $70,749 | $127,595 | $264,398 | $220,890 |
COSTS OF SALES | 62,966 | 46,784 | 48,788 | 85,211 | 148,177 | 153,925 |
GROSS PROFIT | 73,837 | 27,370 | 21,961 | 42,384 | 116,221 | 66,965 |
OPERATING EXPENSES | ' | ' | ' | ' | ' | ' |
General and administrative | 97,983 | 74,534 | 82,126 | 232,543 | 330,526 | 126,843 |
Salaries and wages | 30,800 | 21,989 | 25,379 | 48,804 | 79,604 | 56,973 |
Selling and delivery | ' | 4,185 | 30,000 | 10,554 | 10,554 | 32,102 |
Depreciation | 531 | 470 | 626 | 787 | 1,318 | 1,916 |
TOTAL OPERATING EXPENSES | 129,314 | 101,178 | 138,131 | 292,688 | 422,002 | 217,834 |
Net loss from operations | -55,477 | -73,808 | -116,170 | -250,304 | -305,781 | -150,869 |
Other expenses | ' | ' | ' | ' | ' | ' |
Interest expense | -14,144 | -14,435 | -52,190 | -27,556 | -41,700 | -52,854 |
Loss on debt extinguishment | ' | -100,000 | ' | -100,000 | -100,000 | ' |
Net loss for the period before income taxes | -69,621 | -188,243 | -168,360 | -377,860 | -447,481 | -203,723 |
Income taxes | ' | ' | ' | ' | ' | ' |
Net loss for the period | -69,621 | -188,243 | -168,360 | -377,860 | -447,481 | -203,723 |
Foreign currency translation adjustment | -28,837 | 35,170 | -14,755 | 44,715 | 15,878 | -9,560 |
Comprehensive loss | ($98,458) | ($153,073) | ($183,115) | ($333,145) | ($431,603) | ($213,283) |
Loss per share, basic and diluted | $0 | $0 | $0 | $0 | $0 | $0 |
Weighted average number of common shares outstanding | 251,153,133 | 251,153,133 | 250,819,800 | 251,153,133 | 250,934,574 | 169,542,046 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
OPERATING ACTIVITIES | ' | ' |
Net loss for the period | ($447,481) | ($203,723) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' |
Depreciation | 1,318 | 1,916 |
Accretion expense on convertible debentures | 4,722 | 46,250 |
Contributed services | 36,862 | 53,670 |
Loss on debt extinguishment | 100,000 | ' |
Changes in operating assets and liabilities: | ' | ' |
Accounts receivable | -46,471 | -26,824 |
Inventory | -12,672 | -5,115 |
Investment tax credit recoverable | 9,955 | -7,091 |
Deposit and sundry assets | -3,581 | 2,219 |
Accounts payable and accrued liabilities | 56,205 | -32,603 |
Cash used in operating activities | -301,143 | -171,301 |
INVESTING ACTIVITIES | ' | ' |
Purchase of equipment | ' | -302 |
Restricted cash | ' | 30,051 |
Cash provided by investing activities | ' | 29,749 |
FINANCING ACTIVITIES | ' | ' |
Notes payable | 283,957 | ' |
Convertible promissory notes payable | ' | 75,000 |
Advances from stockholders | -6,682 | 69,999 |
Cash provided by financing activities | 277,275 | 144,999 |
Effect of foreign currency translation adjustment | 15,878 | -9,560 |
Net increase (decrease) in cash during the period | -7,990 | -6,113 |
Cash, beginning of the period | 12,836 | 6,878 |
Cash, end of period | 4,846 | 765 |
Supplemental cash flow information: | ' | ' |
Cash paid for interest | ' | 6,604 |
Cash paid income taxes | ' | ' |
NATURE_OF_OPERATIONS
NATURE OF OPERATIONS | 9 Months Ended | |
Sep. 30, 2013 | ||
NATURE OF OPERATIONS [Abstract] | ' | |
NATURE OF OPERATIONS | ' | |
1 | NATURE OF OPERATIONS | |
Eco-Tek Group, Inc. ("Eco-Tek", the "Company", "we", "our") is dedicated to the development and marketing of innovative and cost effective "Green" products to the automotive and industrial sectors. | ||
On June 27, 2013, Eco-Tek Group Canada Inc. was incorporated under the laws of the province of Ontario, Canada, which operates as a subsidiary of the Company. Currently the Company operates two subsidiaries based in Ontario, Canada. | ||
BASIS_OF_PRESENTATION
BASIS OF PRESENTATION | 9 Months Ended | |
Sep. 30, 2013 | ||
BASIS OF PRESENTATION [Abstract] | ' | |
BASIS OF PRESENTATION | ' | |
2 | BASIS OF PRESENTATION | |
The accompanying unaudited interim condensed consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America for interim financial information and the Securities Exchange Commission ("SEC") instructions to Form 10-Q and Article 8 of SEC Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these interim condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes thereto included in the Company's December 31, 2012 and 2011 audited consolidated financial statements. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial positions, results of operations, and cash flows at September 30, 2013 and 2012, have been made. The results of operations for the periods ended September 30, 2013 and 2012 are not necessarily indicative of the operating results for the full year. | ||
REVISION_OF_PRIOR_PERIOD_AMOUN
REVISION OF PRIOR PERIOD AMOUNTS | 9 Months Ended | |
Sep. 30, 2013 | ||
REVISION OF PRIOR PERIOD AMOUNTS [Abstract] | ' | |
REVISION OF PRIOR PERIOD AMOUNTS | ' | |
3 | REVISION OF PRIOR PERIOD AMOUNTS | |
In preparing the Company's financial statements for the quarter ended September 30, 2013, the Company discovered and corrected an error related to accounting for shares issued in connection with the conversion of a $10,000 note to common stock. A loss on debt extinguishment related to the above transaction was not recorded and resulted in a $100,000 understatement in other expenses in the second quarter of 2013. In accordance with SEC Staff Accounting Bulletin Nos. 99 and 108 ("SAB 99 and SAB 108"), the Company evaluated these errors and, based on an analysis of quantitative and qualitative factors, determined that they were immaterial to each of the reporting periods affected and, therefore, the amendment of previously filed reports with the Securities and Exchange Commission was not required. However, if the adjustments to correct the cumulative effect of the aforementioned errors had been recorded in the quarter ended September 30, 2013, the Company believes the impact would have been significant to the third quarter of 2013 and would impact comparisons to prior periods. Therefore, as permitted by SAB 108, the Company revised in the current filing previously reported quarterly results for the second quarter of 2013. | ||
The adjustment did not result to any changes in total stockholders' equity reported in the consolidated balance sheet at June 30, 2013. Likewise, the adjustment to the statement of cash flows for the six months ended June 30, 2013 did not result to any changes to amounts previously reported for net cash from operating activities, investing activities or financing activities. | ||
The revision of prior period amounts are provided in Note 10 (Revised Statements). | ||
GOING_CONCERN
GOING CONCERN | 9 Months Ended | |
Sep. 30, 2013 | ||
GOING CONCERN [Abstract] | ' | |
GOING CONCERN | ' | |
4 | GOING CONCERN | |
The Company's consolidated financial statements are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has experienced losses from operations since inception that raise substantial doubt as to its ability to continue as a going concern. | ||
The Company's existence is dependent upon management's ability to develop profitable operations and resolve its liquidity problems. Management anticipates the Company will attain profitable status and improve its liquidity through continued business development and additional equity investment in the Company. Management is pursuing various sources of financing and intends to raise equity financing through a private placement with a private group of investors in the near future. In the event the Company is not able to raise the necessary equity financing from private investors, the Company intends to seek stockholder loans or debt financing, as needed, until profitable operations are attained. | ||
The consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern. | ||
SIGNIFICANT_ACCOUNTING_POLICIE
SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended | |
Sep. 30, 2013 | ||
SIGNIFICANT ACCOUNTING POLICIES [Abstract] | ' | |
SIGNIFICANT ACCOUNTING POLICIES | ' | |
5 | SIGNIFICANT ACCOUNTING POLICIES | |
Use of estimates | ||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. These estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings in the period in which they become known. | ||
Fair value of financial instruments | ||
The carrying value of the Company's cash, accounts receivable, accounts payable and accrued liabilities, advances from stockholders, notes payable and convertible notes approximate fair value because of the short-term maturity of these instruments. | ||
Recently issued accounting pronouncements | ||
From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) or other standard setting bodies that are adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that recently issued accounting pronouncements adopted do not have a material impact on its financial position or results of operations. |
NOTES_PAYABLE
NOTES PAYABLE | 9 Months Ended | |
Sep. 30, 2013 | ||
NOTES PAYABLE [Abstract] | ' | |
NOTES PAYABLE | ' | |
6. | NOTES PAYABLE | |
The Company received loans associated with ten notes on August 22, 2012, September 7, 2012, December 12, 2012, February 7, 2013, February 25, 2013, March 7, 2013, March 22, 2013, May 7, 2013, August 6, 2013 and September 19, 2013 totaling $418,892, which bear interest at 8% per annum and have a term of one year. In the event of default, the debt holders have the option to convert the loans into common shares at a conversion price equal to 70% of the volume weighted average closing prices of the Company's common shares during the ten (10) trading days prior to the conversion date. Two of these notes totaling $75,000 are past due as of September 30, 2013 but the Company was able to obtain waivers on the default on these notes. | ||
ADVANCES_FROM_STOCKHOLDERS
ADVANCES FROM STOCKHOLDERS | 9 Months Ended | |
Sep. 30, 2013 | ||
ADVANCES FROM STOCKHOLDERS [Abstract] | ' | |
ADVANCES FROM STOCKHOLDERS | ' | |
7 | ADVANCES FROM STOCKHOLDERS | |
The advances from stockholders are unsecured, non-interest bearing and due on demand. |
CAPITAL_STOCK
CAPITAL STOCK | 9 Months Ended | |
Sep. 30, 2013 | ||
CAPITAL STOCK [Abstract] | ' | |
CAPITAL STOCK | ' | |
8. | CAPITAL STOCK | |
Effective June 7, 2013, the Company converted $10,000 owed to Ira Morris into 333,333 shares of the Company's common stock. The conversion qualified for debt extinguishment accounting and a loss on debt extinguishment of $100,000 was recognized for the nine months ended September 30, 2013. | ||
During the nine months ended September 30, 2013, certain shareholders contributed services to the Company valued at $36,862 (2012: $53,670) which were included in salaries and wages with a corresponding credit to additional paid-in-capital. | ||
SUBSEQUENT_EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Sep. 30, 2013 | |
SUBSEQUENT EVENTS [Abstract] | ' |
SUBSEQUENT EVENTS | ' |
9. SUBSEQUENT EVENTS | |
In October 2013, the Company entered into a Securities Purchase Agreement with Asher Enterprises, Inc. ("Asher"), pursuant to which the Company borrowed $37,500 (the "Asher Note"), which bears interest at the rate of 8% per annum (22% upon an event of default). The Asher Note provides Asher the right (any time after the 180th day the note is outstanding) to convert the outstanding balance (including accrued and unpaid interest) of such note into shares of the Company's common stock at a conversion price equal to the greater of 58% of the average of the three lowest trading prices of the Company's common stock during the ten trading days prior to such conversion date, subject to adjustments as further set out in the Asher Note; and (b) $0.00005 per share. The conversion price of the note is subject to anti-dilution protection in the event the Company issues or is deemed to issue any shares for a price per share of less than the then applicable conversion price, subject to certain limited exceptions. | |
The Asher Note, is payable, along with interest thereon on July 14, 2014. The Company has the right to repay the entire amount of principal and interest due on the note beginning on the closing date (October 11, 2013) and ending on the date which is 180 days following the closing date, by paying certain prepayment penalties equal to 120% of the outstanding principal and accrued interest on the note (as applicable, the "Outstanding Balance") during the first thirty days after closing; 125% of the Outstanding Balance during days 31-60 days after closing; 130% of the Outstanding Balance during days 61-90 days after closing; 135% of the Outstanding Balance during days 91-120 days after closing; 140% of the Outstanding Balance during days 121-150 days after closing; and 145% of the Outstanding Balance during days 151-180 days after closing. After 180 days have elapsed from the issuance date the Company has no right to repay the Asher Note. Asher has agreed to restrict its ability to convert the Asher Note and receive shares of common stock such that the number of shares of common stock held by them in the aggregate and their affiliates after such conversion or exercise does not exceed 9.99% of the then issued and outstanding shares of our common stock. The Asher Note also provides for penalties and rescission rights if the Company does not deliver shares of its common stock upon conversion within the required timeframes. The Company paid $2,500 of Asher's legal fees in connection with the parties' entry into the note. | |
The Asher Note provides for customary events of default such as failing to timely make payments under the note when due. Upon the occurrence of an event of default, as described in the Asher Note, Asher can declare the entire amount of principal and interest then due on the Asher Note immediately due and payable and require the Company to pay an amount equal to the greater of (i) 150% times the sum of principal and interest due under the Asher Note (the "Asher Default Sum") (provided that if the event of default relates to the Company's failure to deliver shares, instead of 150%, the multiplier is 200%); and (ii) in the event the event of default does not relate to the failure to deliver shares, the highest number of shares of common stock issuable upon conversion of the Asher Default Sum multiplied by the highest closing price of the Company's common stock during the period that such Asher Note has been in default. We are required to pay Asher a penalty of $2,000 per day that we fail to deliver any shares due after the applicable deadlines provided for in the Asher Note. | |
In October 2013, the Company entered into a Securities Purchase Agreement with Auctus Private Equity Fund, LLC ("Auctus"), pursuant to which the Company borrowed $37,750 (the "Auctus Note"), which bears interest at the rate of 8% per annum (22% upon an event of default). The Auctus Note provides Auctus the right (any time after the 180th day the note is outstanding) to convert the outstanding balance (including accrued and unpaid interest) of such note into shares of the Company's common stock at a conversion price equal to the greater of 55% of the average of the two lowest trading prices of the Company's common stock during the twenty trading days prior to such conversion date, subject to adjustments as further set out in the note; and (b) $0.000001 per share. The applicable conversion price may be adjusted downward if, within three (3) business days of the transmittal of any notice of conversion, the price of the Company's common stock is 5% or more lower than the price on the date the notice of conversion was given; in the event the Company's shares of common stock are not deliverable by DWAC (10% discount); or the Company's common stock is "chilled" for deposit into the DTC system and only eligible for clearing deposit (15% discount). The conversion price of the note is also subject to anti-dilution protection in the event the Company issues or is deemed to issue any shares for a price per share of less than the then applicable conversion price, subject to certain limited exceptions. | |
The Auctus Note, is payable, along with interest thereon on July 16, 2014. The Company has the right to repay the entire amount of principal and interest due on the note beginning on the closing date (October 21, 2013) and ending on the date which is 180 days following the closing date, by paying certain prepayment penalties equal to 120% of the Outstanding Balance during the first thirty days after closing; 125% of the Outstanding Balance during days 31-60 days after closing; 130% of the Outstanding Balance during days 61-90 days after closing; 135% of the Outstanding Balance during days 91-120 days after closing; 140% of the Outstanding Balance during days 121-150 days after closing; and 145% of the Outstanding Balance during days 151-180 days after closing. After 180 days have elapsed from the issuance date the Company has no right to repay the Auctus Note. Auctus has agreed to restrict its ability to convert the Auctus Note and receive shares of common stock such that the number of shares of common stock held by them in the aggregate and their affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of our common stock. The Auctus Note also provides for penalties and rescission rights if the Company does not deliver shares of its common stock upon conversion within the required timeframes. The Company paid a fee $1,250 to a company associated with Auctus in connection with services rendered in connection with the note transaction and $2,750 of Auctus' legal fees. | |
Upon the occurrence of an event of default, as described in the Auctus Note, Auctus can declare the entire amount of principal and interest then due on the Auctus Note immediately due and payable and require the Company to pay an amount equal to the greater of (i) 140% times the sum of principal and interest due under the Auctus Note (the "Auctus Default Sum") (provided that if the event of default relates to the Company's failure to deliver shares, instead of 140%, the multiplier is 200%); and (ii) in the event the event of default does not relate to the failure to deliver shares, the highest number of shares of common stock issuable upon conversion of the Auctus Default Sum multiplied by the highest closing price of the Company's common stock during the period that such Auctus Note has been in default. We are required to pay Auctus a penalty of $2,000 per day that we fail to deliver any shares due after the applicable deadlines provided for in the Auctus Note. | |
On October 14, 2013, Talon entered into a debt purchase agreement with GEL Properties, LLC ("GEL"), pursuant to which it sold the rights to the Talon Loan to GEL. The Company and GEL subsequently entered into an amended and restated form of note which replaced and superseded the note evidencing the Talon Loan (the "Replacement GEL Note"). The Replacement GEL Note, which has a face value of $115,000, accrues interest at the rate of 6% per annum (24% upon an event of default) and is due and payable on September 20, 2014. The Replacement GEL Note is convertible into shares of the Company's common stock at 40% discount to the average of the lowest closing bid prices of the Company's common stock on the five trading days (the "Market Price") prior to the date a notice of conversion is provided to the Company by GEL. In the event the Company experiences a DTC "chill", the conversion price is equal to a 45% discount to the Market Price during the period which the "chill" continues. The Company has the right to repay the Replacement GEL Note in full at any time provided the Company pays a prepayment penalty equal to 50% in addition to the total outstanding amount of principal and interest then owed on the note. GEL has agreed to restrict its ability to convert the Replacement GEL Note and receive shares of common stock such that the number of shares of common stock held by them in the aggregate and their affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of our common stock, subject to its ability to waive such requirement with 61 days' notice. We are required to pay GEL a penalty of $250 per day beginning on the fourth day we fail to deliver any shares due and $500 per day beginning on the 10th day we fail to deliver any shares due. | |
Also on October 14, 2013, GEL loaned us $50,000 pursuant to a new convertible note, which had substantially similar terms as the Replacement GEL Note, described above (collectively with the Replacement GEL Note, the "GEL Notes"). The Company paid $5,000 in fees to GEL in connection with the $50,000 note. | |
From October 4, 2013 to November 7, 2013, the Company sold an aggregate of 12,311,184 units, which are each comprised of (a) one (1) share of common stock; and (b) one (1) warrant to purchase one (1) share of common stock (the "Units"). The Units were purchased for between $0.00208 to $0.00556 per Unit representing a 33% discount to the trading price of the Company's common stock on the applicable purchase date. The warrants have an exercise price equal to the price of the applicable Unit and expire three years after the grant date. The shares have not been issued as of the date of this filing and have not been included in the number of issued and outstanding shares disclosed throughout this filing. The brother and wife of our director, Maurizio Cochi, purchased 2,407,319 and 539,472 Units, respectively, in the offering. |
REVISED_STATEMENTS
REVISED STATEMENTS | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
REVISED STATEMENTS [Abstract] | ' | ||||||||||||
REVISED STATEMENTS | ' | ||||||||||||
10. REVISED STATEMENTS (Also refer to Note 3) | |||||||||||||
Three months ended June 30, 2013 | |||||||||||||
As previously reported | Adjustment | Revised | |||||||||||
$ | $ | $ | |||||||||||
SALES | 74,154 | - | 74,154 | ||||||||||
COSTS OF SALES | 46,784 | - | 46,784 | ||||||||||
GROSS PROFIT | 27,370 | - | 27,370 | ||||||||||
OPERATING EXPENSES | |||||||||||||
General and administrative | 74,534 | - | 74,534 | ||||||||||
Salaries and wages | 21,989 | - | 21,989 | ||||||||||
Selling and delivery | 4,185 | - | 4,185 | ||||||||||
Depreciation | 470 | - | 470 | ||||||||||
101,178 | - | 101,178 | |||||||||||
Net loss from operations | (73,808 | ) | - | (73,808 | ) | ||||||||
Other expenses | |||||||||||||
Interest expense | (14,435 | ) | - | (14,435 | ) | ||||||||
Loss on debt extinguishment | - | (100,000 | ) | (100,000 | ) | ||||||||
Net loss for the period before income taxes | (88,243 | ) | (100,000 | ) | (188,243 | ) | |||||||
Income taxes | - | - | - | ||||||||||
Net loss for the period | (88,243 | ) | (100,000 | ) | (188,243 | ) | |||||||
Foreign currency translation adjustment | 35,170 | - | 35,170 | ||||||||||
Comprehensive loss | (53,073 | ) | (100,000 | ) | (153,073 | ) | |||||||
Loss per share, basic and diluted | (0.00 | ) | - | (0.00 | ) | ||||||||
Weighted average number of | |||||||||||||
common shares outstanding | 251,153,133 | - | 251,153,133 | ||||||||||
Six months ended June 30, 2013 | |||||||||||||
As previously reported | Adjustment | Revised | |||||||||||
$ | $ | $ | |||||||||||
SALES | 127,595 | - | 127,595 | ||||||||||
COSTS OF SALES | 85,211 | - | 85,211 | ||||||||||
GROSS PROFIT | 42,384 | - | 42,384 | ||||||||||
OPERATING EXPENSES | |||||||||||||
General and administrative | 232,543 | - | 232,543 | ||||||||||
Salaries and wages | 48,804 | - | 48,804 | ||||||||||
Selling and delivery | 10,554 | - | 10,554 | ||||||||||
Depreciation | 787 | - | 787 | ||||||||||
292,688 | - | 292,688 | |||||||||||
Net loss from operations | (250,304 | ) | - | (250,304 | ) | ||||||||
Other expenses | |||||||||||||
Interest expense | (27,556 | ) | - | (27,556 | ) | ||||||||
Loss on debt extinguishment | - | (100,000 | ) | (100,000 | ) | ||||||||
Net loss for the period before income taxes | (277,860 | ) | (100,000 | ) | (377,860 | ) | |||||||
Income taxes | - | - | - | ||||||||||
Net loss for the period | (277,860 | ) | (100,000 | ) | (377,860 | ) | |||||||
Foreign currency translation adjustment | 44,715 | - | 44,715 | ||||||||||
Comprehensive loss | (233,145 | ) | (100,000 | ) | (333,145 | ) | |||||||
Loss per share, basic and diluted | (0.00 | ) | - | (0.00 | ) | ||||||||
Weighted average number of | |||||||||||||
common shares outstanding | 251,153,133 | - | 251,153,133 |
SIGNIFICANT_ACCOUNTING_POLICIE1
SIGNIFICANT ACCOUNTING POLICIES (Policy) | 9 Months Ended |
Sep. 30, 2013 | |
SIGNIFICANT ACCOUNTING POLICIES [Abstract] | ' |
Use of estimates | ' |
Use of estimates | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. These estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings in the period in which they become known. | |
Fair value of financial instruments | ' |
Fair value of financial instruments | |
The carrying value of the Company's cash, accounts receivable, accounts payable and accrued liabilities, advances from stockholders, notes payable and convertible notes approximate fair value because of the short-term maturity of these instruments. | |
Recently issued accounting pronouncements | ' |
Recently issued accounting pronouncements | |
From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) or other standard setting bodies that are adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes that recently issued accounting pronouncements adopted do not have a material impact on its financial position or results of operations. |
REVISED_STATEMENTS_Tables
REVISED STATEMENTS (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
REVISED STATEMENTS [Abstract] | ' | ||||||||||||
Schedule of Revised Statements | ' | ||||||||||||
Three months ended June 30, 2013 | |||||||||||||
As previously reported | Adjustment | Revised | |||||||||||
$ | $ | $ | |||||||||||
SALES | 74,154 | - | 74,154 | ||||||||||
COSTS OF SALES | 46,784 | - | 46,784 | ||||||||||
GROSS PROFIT | 27,370 | - | 27,370 | ||||||||||
OPERATING EXPENSES | |||||||||||||
General and administrative | 74,534 | - | 74,534 | ||||||||||
Salaries and wages | 21,989 | - | 21,989 | ||||||||||
Selling and delivery | 4,185 | - | 4,185 | ||||||||||
Depreciation | 470 | - | 470 | ||||||||||
101,178 | - | 101,178 | |||||||||||
Net loss from operations | (73,808 | ) | - | (73,808 | ) | ||||||||
Other expenses | |||||||||||||
Interest expense | (14,435 | ) | - | (14,435 | ) | ||||||||
Loss on debt extinguishment | - | (100,000 | ) | (100,000 | ) | ||||||||
Net loss for the period before income taxes | (88,243 | ) | (100,000 | ) | (188,243 | ) | |||||||
Income taxes | - | - | - | ||||||||||
Net loss for the period | (88,243 | ) | (100,000 | ) | (188,243 | ) | |||||||
Foreign currency translation adjustment | 35,170 | - | 35,170 | ||||||||||
Comprehensive loss | (53,073 | ) | (100,000 | ) | (153,073 | ) | |||||||
Loss per share, basic and diluted | (0.00 | ) | - | (0.00 | ) | ||||||||
Weighted average number of | |||||||||||||
common shares outstanding | 251,153,133 | - | 251,153,133 | ||||||||||
Six months ended June 30, 2013 | |||||||||||||
As previously reported | Adjustment | Revised | |||||||||||
$ | $ | $ | |||||||||||
SALES | 127,595 | - | 127,595 | ||||||||||
COSTS OF SALES | 85,211 | - | 85,211 | ||||||||||
GROSS PROFIT | 42,384 | - | 42,384 | ||||||||||
OPERATING EXPENSES | |||||||||||||
General and administrative | 232,543 | - | 232,543 | ||||||||||
Salaries and wages | 48,804 | - | 48,804 | ||||||||||
Selling and delivery | 10,554 | - | 10,554 | ||||||||||
Depreciation | 787 | - | 787 | ||||||||||
292,688 | - | 292,688 | |||||||||||
Net loss from operations | (250,304 | ) | - | (250,304 | ) | ||||||||
Other expenses | |||||||||||||
Interest expense | (27,556 | ) | - | (27,556 | ) | ||||||||
Loss on debt extinguishment | - | (100,000 | ) | (100,000 | ) | ||||||||
Net loss for the period before income taxes | (277,860 | ) | (100,000 | ) | (377,860 | ) | |||||||
Income taxes | - | - | - | ||||||||||
Net loss for the period | (277,860 | ) | (100,000 | ) | (377,860 | ) | |||||||
Foreign currency translation adjustment | 44,715 | - | 44,715 | ||||||||||
Comprehensive loss | (233,145 | ) | (100,000 | ) | (333,145 | ) | |||||||
Loss per share, basic and diluted | (0.00 | ) | - | (0.00 | ) | ||||||||
Weighted average number of | |||||||||||||
common shares outstanding | 251,153,133 | - | 251,153,133 |
REVISION_OF_PRIOR_PERIOD_AMOUN1
REVISION OF PRIOR PERIOD AMOUNTS (Details) (USD $) | 3 Months Ended | |
Sep. 30, 2013 | Jun. 30, 2013 | |
REVISION OF PRIOR PERIOD AMOUNTS [Abstract] | ' | ' |
Note converted into common stock | $10,000 | ' |
Understatement in other expenses | ' | ($100,000) |
NOTES_PAYABLE_Details
NOTES PAYABLE (Details) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Dec. 31, 2012 | |
days | ||
NOTES PAYABLE [Abstract] | ' | ' |
Notes payable [Note 6] | $418,892 | $134,935 |
Interest rate | 8.00% | ' |
Percentage of volume weighted average closing price that noteholders can convert to common shares | 70.00% | ' |
Number of trading days preceding any conversion | 10 | ' |
Amount past due | $75,000 | ' |
CAPITAL_STOCK_Details
CAPITAL STOCK (Details) (USD $) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | |||
Jun. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | |
Stockholders Equity Note [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Amount of debt converted | $10,000 | ' | ' | ' | ' | ' | ' |
Conversion of debt, shares | 333,333 | ' | ' | ' | ' | ' | ' |
Loss on debt extinguishment | ' | ' | -100,000 | ' | -100,000 | -100,000 | ' |
Contributed services | ' | ' | ' | ' | ' | $36,862 | $53,670 |
SUBSEQUENT_EVENTS_Details
SUBSEQUENT EVENTS (Details) (USD $) | 1 Months Ended | 9 Months Ended | 1 Months Ended | 1 Months Ended | 0 Months Ended | 0 Months Ended | ||||||||||
Nov. 07, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Nov. 07, 2013 | Nov. 07, 2013 | Nov. 07, 2013 | Nov. 07, 2013 | Oct. 31, 2013 | Oct. 31, 2013 | Oct. 31, 2013 | Oct. 31, 2013 | Oct. 31, 2013 | Oct. 14, 2013 | Oct. 14, 2013 | Oct. 14, 2013 | Oct. 14, 2013 | |
days | Brother of director [Member] | Wife of director [Member] | Minimum [Member] | Maximum [Member] | Asher Note [Member] | Asher Note [Member] | Auctus Note [Member] | Auctus Note [Member] | Auctus Note [Member] | Replacement GEL Note [Member] | Replacement GEL Note [Member] | Replacement GEL Note [Member] | Replacement GEL Note [Member] | |||
days | Upon Event of Default [Member] | days | Associated Company [Member] | Upon Event of Default [Member] | Upon Event of Default [Member] | Beginning on the Fourth Day [Member] | Beginning on the 10th Day [Member] | |||||||||
Subsequent Event [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face amount | ' | ' | ' | ' | ' | ' | ' | $37,500 | ' | $37,750 | ' | ' | $115,000 | ' | ' | ' |
Interest rate | ' | 8.00% | ' | ' | ' | ' | ' | 8.00% | 22.00% | 8.00% | ' | 22.00% | 6.00% | 24.00% | ' | ' |
Conversion price, percent of stock price | ' | ' | ' | ' | ' | ' | ' | 58.00% | ' | 55.00% | ' | ' | ' | ' | ' | ' |
Number of consecutive trading days preceding any conversion | ' | ' | ' | ' | ' | ' | ' | '3 years | ' | '2 days | ' | ' | ' | ' | ' | ' |
Number of trading days preceding any conversion | ' | 10 | ' | ' | ' | ' | ' | 10 | ' | 20 | ' | ' | ' | ' | ' | ' |
Debt conversion, price per share | ' | ' | ' | ' | ' | ' | ' | $0.00 | ' | $0.00 | ' | ' | ' | ' | ' | ' |
Due date range, end | ' | ' | ' | ' | ' | ' | ' | 14-Jul-14 | ' | 15-Jul-14 | ' | ' | ' | ' | ' | ' |
Due date range, start | ' | ' | ' | ' | ' | ' | ' | 11-Oct-13 | ' | 21-Oct-13 | ' | ' | ' | ' | ' | ' |
Due date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20-Sep-14 | ' | ' | ' |
Debt instrument, Terms of Conversion Feature | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
The applicable conversion price may be adjusted downward if, within three (3) business days of the transmittal of any notice of conversion, the price of the Company's common stock is 5% or more lower than the price on the date the notice of conversion was given; in the event the Company's shares of common stock are not deliverable by DWAC (10% discount); or the Company's common stock is "chilled" for deposit into the DTC system and only eligible for clearing deposit (15% discount). The conversion price of the note is also subject to anti-dilution protection in the event the Company issues or is deemed to issue any shares for a price per share of less than the then applicable conversion price, subject to certain limited exceptions. | The Replacement GEL Note is convertible into shares of the Company's common stock at 40% discount to the average of the lowest closing bid prices of the Company's common stock on the five trading days (the "Market Price") prior to the date a notice of conversion is provided to the Company by GEL. In the event the Company experiences a DTC "chill", the conversion price is equal to a 45% discount to the Market Price during the period which the "chill" continues. The Company has the right to repay the Replacement GEL Note in full at any time provided the Company pays a prepayment penalty equal to 50% in addition to the total outstanding amount of principal and interest then owed on the note. GEL has agreed to restrict its ability to convert the Replacement GEL Note and receive shares of common stock such that the number of shares of common stock held by them in the aggregate and their affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of our common stock, subject to its ability to waive such requirement with 61 days' notice. | |||||||||||||||
Debt Instrument, Payment Terms | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
The Company has the right to repay the entire amount of principal and interest due on the note beginning on the closing date (October 11, 2013) and ending on the date which is 180 days following the closing date, by paying certain prepayment penalties equal to 120% of the outstanding principal and accrued interest on the note (as applicable, the "Outstanding Balance") during the first thirty days after closing; 125% of the Outstanding Balance during days 31-60 days after closing; 130% of the Outstanding Balance during days 61-90 days after closing; 135% of the Outstanding Balance during days 91-120 days after closing; 140% of the Outstanding Balance during days 121-150 days after closing; and 145% of the Outstanding Balance during days 151-180 days after closing. After 180 days have elapsed from the issuance date the Company has no right to repay the Asher Note. Asher has agreed to restrict its ability to convert the Asher Note and receive shares of common stock such that the number of shares of common stock held by them in the aggregate and their affiliates after such conversion or exercise does not exceed 9.99% of the then issued and outstanding shares of our common stock. The Asher Note also provides for penalties and rescission rights if the Company does not deliver shares of its common stock upon conversion within the required timeframes. | The Company has the right to repay the entire amount of principal and interest due on the note beginning on the closing date (October 21, 2013) and ending on the date which is 180 days following the closing date, by paying certain prepayment penalties equal to 120% of the Outstanding Balance during the first thirty days after closing; 125% of the Outstanding Balance during days 31-60 days after closing; 130% of the Outstanding Balance during days 61-90 days after closing; 135% of the Outstanding Balance during days 91-120 days after closing; 140% of the Outstanding Balance during days 121-150 days after closing; and 145% of the Outstanding Balance during days 151-180 days after closing. After 180 days have elapsed from the issuance date the Company has no right to repay the Auctus Note. Auctus has agreed to restrict its ability to convert the Auctus Note and receive shares of common stock such that the number of shares of common stock held by them in the aggregate and their affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of our common stock. The Auctus Note also provides for penalties and rescission rights if the Company does not deliver shares of its common stock upon conversion within the required timeframes. | |||||||||||||||
Payments for services associated with note transaction | ' | ' | ' | ' | ' | ' | ' | 2,500 | ' | 2,750 | 1,250 | ' | 5,000 | ' | ' | ' |
Debt Default, Description of Notice of Default | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
The Asher Note provides for customary events of default such as failing to timely make payments under the note when due. Upon the occurrence of an event of default, as described in the Asher Note, Asher can declare the entire amount of principal and interest then due on the Asher Note immediately due and payable and require the Company to pay an amount equal to the greater of (i) 150% times the sum of principal and interest due under the Asher Note (the "Asher Default Sum") (provided that if the event of default relates to the Company's failure to deliver shares, instead of 150%, the multiplier is 200%); and (ii) in the event the event of default does not relate to the failure to deliver shares, the highest number of shares of common stock issuable upon conversion of the Asher Default Sum multiplied by the highest closing price of the Company's common stock during the period that such Asher Note has been in default. | Upon the occurrence of an event of default, as described in the Auctus Note, Auctus can declare the entire amount of principal and interest then due on the Auctus Note immediately due and payable and require the Company to pay an amount equal to the greater of (i) 140% times the sum of principal and interest due under the Auctus Note (the "Auctus Default Sum") (provided that if the event of default relates to the Company's failure to deliver shares, instead of 140%, the multiplier is 200%); and (ii) in the event the event of default does not relate to the failure to deliver shares, the highest number of shares of common stock issuable upon conversion of the Auctus Default Sum multiplied by the highest closing price of the Company's common stock during the period that such Auctus Note has been in default. | |||||||||||||||
Failure to deliver shares, per day penalty | ' | ' | ' | ' | ' | ' | ' | 2,000 | ' | 2,000 | ' | ' | ' | ' | 250 | 500 |
Proceeds from convertible note | ' | ' | $75,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $50,000 | ' | ' | ' |
Number of units sold | 12,311,184 | ' | ' | 2,407,139 | 539,472 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares in each unit | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of warants in each unit | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of common shares that can be purchased through warrant | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Price per unit | ' | ' | ' | ' | ' | $0.00 | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Term of warrants | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
REVISED_STATEMENTS_Details
REVISED STATEMENTS (Details) (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | |
SALES | $136,803 | $74,154 | $70,749 | $127,595 | $264,398 | $220,890 |
COSTS OF SALES | 62,966 | 46,784 | 48,788 | 85,211 | 148,177 | 153,925 |
GROSS PROFIT | 73,837 | 27,370 | 21,961 | 42,384 | 116,221 | 66,965 |
OPERATING EXPENSES | ' | ' | ' | ' | ' | ' |
General and administrative | 97,983 | 74,534 | 82,126 | 232,543 | 330,526 | 126,843 |
Salaries and wages | 30,800 | 21,989 | 25,379 | 48,804 | 79,604 | 56,973 |
Selling and delivery | ' | 4,185 | 30,000 | 10,554 | 10,554 | 32,102 |
Depreciation | 531 | 470 | 626 | 787 | 1,318 | 1,916 |
TOTAL OPERATING EXPENSES | 129,314 | 101,178 | 138,131 | 292,688 | 422,002 | 217,834 |
Net loss from operations | -55,477 | -73,808 | -116,170 | -250,304 | -305,781 | -150,869 |
Other expenses | ' | ' | ' | ' | ' | ' |
Interest expense | -14,144 | -14,435 | -52,190 | -27,556 | -41,700 | -52,854 |
Loss on debt extinguishment | ' | -100,000 | ' | -100,000 | -100,000 | ' |
Net loss for the period before income taxes | -69,621 | -188,243 | -168,360 | -377,860 | -447,481 | -203,723 |
Income taxes | ' | ' | ' | ' | ' | ' |
Net loss for the period | -69,621 | -188,243 | -168,360 | -377,860 | -447,481 | -203,723 |
Foreign currency translation adjustment | -28,837 | 35,170 | -14,755 | 44,715 | 15,878 | -9,560 |
Comprehensive loss | -98,458 | -153,073 | -183,115 | -333,145 | -431,603 | -213,283 |
Loss per share, basic and diluted | $0 | $0 | $0 | $0 | $0 | $0 |
Weighted average number of common shares outstanding | 251,153,133 | 251,153,133 | 250,819,800 | 251,153,133 | 250,934,574 | 169,542,046 |
As previously reported [Member] | ' | ' | ' | ' | ' | ' |
SALES | ' | 74,154 | ' | 127,595 | ' | ' |
COSTS OF SALES | ' | 46,784 | ' | 85,211 | ' | ' |
GROSS PROFIT | ' | 27,370 | ' | 42,384 | ' | ' |
OPERATING EXPENSES | ' | ' | ' | ' | ' | ' |
General and administrative | ' | 74,534 | ' | 232,543 | ' | ' |
Salaries and wages | ' | 21,989 | ' | 48,804 | ' | ' |
Selling and delivery | ' | 4,185 | ' | 10,554 | ' | ' |
Depreciation | ' | 470 | ' | 787 | ' | ' |
TOTAL OPERATING EXPENSES | ' | 101,178 | ' | 292,688 | ' | ' |
Net loss from operations | ' | -73,808 | ' | -250,304 | ' | ' |
Other expenses | ' | ' | ' | ' | ' | ' |
Interest expense | ' | -14,435 | ' | -27,556 | ' | ' |
Loss on debt extinguishment | ' | ' | ' | ' | ' | ' |
Net loss for the period before income taxes | ' | -88,243 | ' | -277,860 | ' | ' |
Income taxes | ' | ' | ' | ' | ' | ' |
Net loss for the period | ' | -88,243 | ' | -277,860 | ' | ' |
Foreign currency translation adjustment | ' | 35,170 | ' | 44,715 | ' | ' |
Comprehensive loss | ' | -53,073 | ' | -233,145 | ' | ' |
Loss per share, basic and diluted | ' | $0 | ' | $0 | ' | ' |
Weighted average number of common shares outstanding | ' | 251,153,133 | ' | 251,153,133 | ' | ' |
Adjustment [Member] | ' | ' | ' | ' | ' | ' |
SALES | ' | ' | ' | ' | ' | ' |
COSTS OF SALES | ' | ' | ' | ' | ' | ' |
GROSS PROFIT | ' | ' | ' | ' | ' | ' |
OPERATING EXPENSES | ' | ' | ' | ' | ' | ' |
General and administrative | ' | ' | ' | ' | ' | ' |
Salaries and wages | ' | ' | ' | ' | ' | ' |
Selling and delivery | ' | ' | ' | ' | ' | ' |
Depreciation | ' | ' | ' | ' | ' | ' |
TOTAL OPERATING EXPENSES | ' | ' | ' | ' | ' | ' |
Net loss from operations | ' | ' | ' | ' | ' | ' |
Other expenses | ' | ' | ' | ' | ' | ' |
Interest expense | ' | ' | ' | ' | ' | ' |
Loss on debt extinguishment | ' | -100,000 | ' | -100,000 | ' | ' |
Net loss for the period before income taxes | ' | -100,000 | ' | -100,000 | ' | ' |
Income taxes | ' | ' | ' | ' | ' | ' |
Net loss for the period | ' | -100,000 | ' | -100,000 | ' | ' |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' |
Comprehensive loss | ' | ($100,000) | ' | ($100,000) | ' | ' |
Loss per share, basic and diluted | ' | ' | ' | ' | ' | ' |
Weighted average number of common shares outstanding | ' | ' | ' | ' | ' | ' |