Attached files
| file | filename |
|---|---|
| 8-K/A - GREEN HYGIENICS HOLDINGS INC. | greenhygienics8k-a062613.htm |
| EX-23 - GREEN HYGIENICS HOLDINGS INC. | ex23.htm |
Exhibit 99.1
|
January 31, 2013
|
||||||||||
|
As reported
|
||||||||||
|
Assets
|
(unaudited)
|
Adjustment
|
As restated
|
|||||||
|
Current assets
|
|
|||||||||
|
Cash
|
$ |
1,585
|
$
|
0
|
$
|
1,585
|
||||
|
Total current assets
|
1,585
|
0
|
1,585
|
|||||||
|
Total Assets
|
$
|
1,585
|
$
|
0
|
$
|
1,585
|
||||
|
Liabilities
|
||||||||||
|
Current liabilities
|
||||||||||
|
Accounts payable and accrued liabilities
|
$
|
277,456
|
$
|
0
|
$
|
277,456
|
||||
|
Management fees payable
|
153,004
|
0
|
153,004
|
|||||||
|
Loans payable
|
213,000
|
(50,000
|
)
|
163,000
|
||||||
|
Total current liabilities
|
643,460
|
(50,000
|
)
|
593,460
|
||||||
|
Total Liabilities
|
643,460
|
(50,000
|
)
|
593,460
|
||||||
|
Stockholders' Deficiency
|
||||||||||
|
Common Stock, $0.001 par value
200,000,000 Common Shares Authorized
56,133 Common Shares Issued (July 31, 2012: 42,133)
|
56
|
0
|
56
|
|||||||
|
Additional paid-in capital
|
1,650,037
|
0
|
1,650,037
|
|||||||
|
Stock payable
|
50,000
|
204,000
|
254,000
|
|||||||
|
Deficit accumulated during development stage
|
(2,341,968
|
)
|
(154,000
|
)
|
(2,495,968
|
)
|
||||
|
Total stockholders’ deficit
|
(641,875
|
)
|
50,000
|
(591,875
|
)
|
|||||
|
Total liabilities and stockholders’ deficit
|
$
|
1,585
|
$
|
0
|
$
|
1,585
|
||||
The accompanying condensed notes are an integral part of these financial statements.
|
For the three months ended January 31, 2013
|
For the six months ended January 31, 2013
|
|||||||||||||||||||||||
|
As reported
|
Adjustment
|
As restated
|
As reported
|
Adjustment
|
As restated
|
|||||||||||||||||||
|
REVENUE
|
$
|
0
|
$
|
0
|
$
|
0
|
$
|
0
|
$
|
0
|
$
|
0
|
||||||||||||
|
EXPENSES
|
||||||||||||||||||||||||
|
Business system development
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||||||||||
|
Mineral claim impairment loss
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||||||||||
|
Professional fees
|
7,002
|
0
|
7,002
|
15,585
|
0
|
15,585
|
||||||||||||||||||
|
Directors fees
|
0
|
0
|
0
|
16,800
|
0
|
16,800
|
||||||||||||||||||
|
Consulting and administration fees
|
24,500
|
0
|
24,500
|
24,500
|
0
|
24,500
|
||||||||||||||||||
|
Management fees
|
0
|
0
|
0
|
22,500
|
0
|
22,500
|
||||||||||||||||||
|
Filing fees
|
2,876
|
0
|
2,876
|
8,822
|
0
|
8,822
|
||||||||||||||||||
|
Office
|
(277
|
)
|
0
|
(277
|
)
|
7,724
|
0
|
7,724
|
||||||||||||||||
|
Total Expenses
|
34,101
|
0
|
34,101
|
95,931
|
0
|
95,931
|
||||||||||||||||||
|
Net loss from Operations before Other Expense:
|
(34,101
|
)
|
0
|
(34,101
|
)
|
(95,931
|
)
|
0
|
(95,931
|
)
|
||||||||||||||
|
Loss on conversion of debt
|
0
|
(154,000
|
)
|
(154,000
|
)
|
0
|
(154,000
|
)
|
(154,000
|
)
|
||||||||||||||
|
Foreign exchange gain
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||||||||||
|
Interest on debt
|
(3,457
|
)
|
0
|
(3,457
|
)
|
(6,914
|
)
|
0
|
(6,914
|
)
|
||||||||||||||
|
Net loss before income tax
|
(37,558
|
)
|
(154,000
|
)
|
(191,558
|
)
|
(102,845
|
)
|
(154,000
|
)
|
(256,845
|
)
|
||||||||||||
|
Provision for income tax
|
0
|
0
|
0
|
0
|
0
|
0
|
||||||||||||||||||
|
Net Loss
|
$
|
(37,558
|
)
|
$
|
(154,000
|
)
|
$
|
(191,558
|
)
|
$
|
(102,845
|
)
|
$
|
(154,000
|
)
|
$
|
(256,845
|
)
|
||||||
|
Basic and diluted loss per share
|
$
|
(0.67
|
)
|
$
|
(3.41
|
)
|
$
|
(1.91
|
)
|
(4.78
|
)
|
|||||||||||||
|
Weighted average number of shares outstanding
|
56,133
|
56,133
|
53,774
|
53,774
|
||||||||||||||||||||
The accompanying condensed notes are an integral part of these financial statements.
|
For the six months ended January 31, 2013
|
||||||||||||
|
As reported
|
Adjustment
|
As restated
|
||||||||||
|
Cash Flow from Operating Activities
|
||||||||||||
|
Net loss
|
$
|
(102,845
|
)
|
$
|
(154,000
|
)
|
$
|
(256,845
|
)
|
|||
|
Adjustments to reconcile net loss to net cash used:
|
||||||||||||
|
Services paid with common stock
|
16,800
|
0
|
16,800
|
|||||||||
|
Imputed interest
|
6,914
|
0
|
6,914
|
|||||||||
|
Loss on conversion of debt
|
0
|
154,000
|
154,000
|
|||||||||
|
Changes in:
|
||||||||||||
|
Prepaid expense
|
0
|
0
|
0
|
|||||||||
|
Accounts payable
|
10,216
|
0
|
10,216
|
|||||||||
|
Management fees payable
|
20,500
|
0
|
153,004
|
|||||||||
|
Accrued interest and fees
|
0
|
0
|
)
|
0
|
||||||||
|
Net cash used in operating activities
|
(48,415)
|
(0
|
)
|
(48,415
|
)
|
|||||||
|
Cash Flow from Investing Activities
|
||||||||||||
|
Net cash used in investing activities
|
$
|
0
|
$
|
0
|
$
|
0
|
||||||
|
Cash Flow from Financing Activities
|
||||||||||||
|
Proceeds from shareholder loan
|
0
|
0
|
0
|
|||||||||
|
Loans payable
|
0
|
0
|
0
|
|||||||||
|
Convertible loan subscription
|
0
|
0
|
0
|
|||||||||
|
Proceeds from shares issued for cash
|
50,000
|
0
|
50,000
|
|||||||||
|
Proceeds from shares issued to founders
|
0
|
0
|
0
|
|||||||||
|
Net cash provided by financing activities
|
$
|
50,000
|
$
|
0
|
$
|
50,000
|
||||||
|
Change in cash for the period
|
1,585
|
0
|
1,585
|
|||||||||
|
Cash at beginning of period
|
0
|
0
|
0
|
|||||||||
|
Cash at end of period
|
$
|
1,585
|
$
|
0
|
$
|
1,585
|
||||||
|
Cash Paid For:
|
||||||||||||
|
Interest
|
$
|
0
|
$
|
0
|
$
|
0
|
||||||
|
Income Tax
|
$
|
0
|
$
|
0
|
$
|
0
|
||||||
|
Non cash transactions:
|
||||||||||||
|
Conversions of debt
|
$
|
50,000
|
$
|
0
|
$
|
50,000
|
||||||
|
Cancellation of common shares
|
$
|
0
|
$
|
0
|
$
|
0
|
||||||