POWRTEC CORP: 10-Q filed 2014-08-12

Name: POWRTEC CORP: 10-Q filed 2014-08-12
Creator: POWRTEC CORP
License: https://creativecommons.org/licenses/by/4.0/

What POWRTEC CORP reported in its quarterly report filed 2014-08-12 (fiscal Q2 2014): 23 published measures, 62 facts as tagged in accession 0001078782-14-001422.

This filing

Form: 10-Q (quarterly report)
Filed: 2014-08-12
Fiscal period: fiscal Q2 2014
Accession: 0001078782-14-001422 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All POWRTEC CORP filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2014-06-30	3,651	USD
At 2013-12-31	5	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2014-06-30	3,745,314	USD
At 2013-12-31	3,598,708	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2014-06-30	-3,741,663	USD
At 2013-12-31	-3,598,703	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2014-06-30	3,651	USD
At 2013-12-31	5	USD
At 2013-06-30	13,622	USD
At 2012-12-31	107,822	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2014-04-01 to 2014-06-30	-51,912	USD	91
2014-01-01 to 2014-06-30	-148,249	USD	181
2013-04-01 to 2013-06-30	42,653	USD	91
2013-01-01 to 2013-06-30	-73,402	USD	181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2014-01-01 to 2014-06-30	-167,840	USD	181
2013-01-01 to 2013-06-30	-94,200	USD	181

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2014-04-01 to 2014-06-30	0	USD	91
2014-01-01 to 2014-06-30	0	USD	181
2013-04-01 to 2013-06-30	472,754	USD	91
2013-01-01 to 2013-06-30	472,754	USD	181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2014-01-01 to 2014-06-30	171,486	USD	181
2013-01-01 to 2013-06-30	0	USD	181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2014-06-30	-8,988,510	USD
At 2013-12-31	-8,840,261	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2014-01-01 to 2014-06-30	5,289	USD	181
2013-01-01 to 2013-06-30	5,289	USD	181

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2014-04-01 to 2014-06-30	-44,982	USD	91
2014-01-01 to 2014-06-30	-133,308	USD	181
2013-04-01 to 2013-06-30	61,149	USD	91
2013-01-01 to 2013-06-30	-43,536	USD	181

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2014-04-01 to 2014-06-30	6,930	USD	91
2014-01-01 to 2014-06-30	14,941	USD	181
2013-04-01 to 2013-06-30	18,496	USD	91
2013-01-01 to 2013-06-30	29,866	USD	181

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2014-06-30	582,361	USD
At 2013-12-31	593,271	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2014-06-30	0	USD
At 2013-12-31	0	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2014-04-01 to 2014-06-30	44,982	USD	91
2014-01-01 to 2014-06-30	133,308	USD	181
2013-04-01 to 2013-06-30	90,699	USD	91
2013-01-01 to 2013-06-30	195,384	USD	181

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2014-04-01 to 2014-06-30	0	USD	91
2014-01-01 to 2014-06-30	0	USD	181
2013-04-01 to 2013-06-30	151,848	USD	91
2013-01-01 to 2013-06-30	151,848	USD	181

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2014-06-30	102,780,377	shares
At 2013-12-31	102,780,377	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2014-06-30	5,144,067	USD
At 2013-12-31	5,138,778	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2014-06-30	1,087,577	USD
At 2013-12-31	1,116,488	USD

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2014-04-01 to 2014-06-30	40,640	USD	91
2014-01-01 to 2014-06-30	126,392	USD	181
2013-04-01 to 2013-06-30	87,699	USD	91
2013-01-01 to 2013-06-30	186,322	USD	181

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2014-01-01 to 2014-06-30	800	USD	181
2013-01-01 to 2013-06-30	800	USD	181

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2014-01-01 to 2014-06-30	0	USD	181
2013-01-01 to 2013-06-30	-72,420	USD	181

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2014-01-01 to 2014-06-30	-10,910	USD	181
2013-01-01 to 2013-06-30	-874	USD	181

Inspect the source

Entity: POWRTEC CORP / CIK 0001387673
Captured: 2026-09-23 02:52 UTC
SEC response SHA-256: 716088e11e2def883e947392cc2b767244aca01f9d572b1f878afc00e5b62890

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with urlopen("https://canlicapital.com/company-data/0001387673.json") as response:
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