Stevia Corp

CIK:0001439813|SEC Filings

Organization and operations (Details) (USD $)	Aug. 15, 2014	Jul. 05, 2012	Jun. 23, 2011
ORGANIZATION AND OPERATIONS:
Common shares issued and outstanding			79,800,000fil_CommonSharesIssuedAndOutstanding
Common shares surrendered for cancelletion			33,000,000
Common shares issued for acquisition of 100% of issued and outstanding			12,000,000
Common shares held in escrow			6,000,000fil_CommonSharesHeldInEscrow
Percentage of shares represented of the issued and outnstanding			20.40%
Percentage owned by Stevia Asia		70.00%fil_PercentageOwnedBySteviaAsia
Percentage owned by Technew		30.00%fil_PercentageOwnedByTechnew
Percentage owned by Singapore strategic partner	30.00%
Transfer of ownership to the Company without any financial compensation	30.00%
Percentage owned by Myanmar citizen	30.00%fil_PercentageOwnedByMyanmarCitizen
Contribution per month		$ 200,000fil_ContributionPerMonth
Total contribution		2,000,000fil_TotalContribution
No further obligation by either party related to the payment		$ 200,000

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
Consolidated Statements of Cash Flows (USD $)	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income (loss) before non-controlling interest	$ 299,237us-gaap_ProfitLoss	$ (2,149,272)us-gaap_ProfitLoss
Adjustments to reconcile net income (loss) to net cash used in operating activities
Depreciation expense	2,238us-gaap_Depreciation	3,100us-gaap_Depreciation
Amortization expense - acquired technology	81,765	81,765
Amortization expense - website development costs	1,644	801
Amortization of discount on convertible notes payable	446,929	626,446
Change in fair value of derivative liability	(1,215,623)	(675,949)
Common shares issued for director services earned during the period	230,408	195,312
Common shares issued for services-related party	0	600,000
Common shares issued for outside services	41,608	205,860
Changes in operating assets and liabilities:
Accounts receivable.	411,651	(6,980)
Deposit for formation of majority-owned subsidiary.	(25,000)	0
Prepaid seeds and fertilizer	(2,112,292)	(765,000)
Other current assets	(16,959)	(41,850)
Security deposit.	15,000	0
Accounts payable.	(515,985)	144,164
Accounts payable - president and CEO.	151,799	173,383
Credit card payable.	20,154fil_CreditCardPayable1	0fil_CreditCardPayable1
Accrued expenses.	1,850	(10,100)
Accrued interest.	84,025	123,517
Net cash used in operating activities	(2,097,551)	(895,651)
Cash flows from investing activities:
Investment in convertible note receivable	(250,000)	0
Purchases of property and equipment	(7,763)	(16,475)
Website development costs.	(12,162)us-gaap_PaymentsToDevelopSoftware	0us-gaap_PaymentsToDevelopSoftware
Net cash used in investing activities	(269,925)	(16,475)
Cash flows from financing activities:
Advances from (repayments to) president and significant stockholder	1,645us-gaap_ProceedsFromRelatedPartyDebt	(10,495)us-gaap_ProceedsFromRelatedPartyDebt
Proceeds from issuance of convertible notes, net of issuance costs	2,035,000	431,500
Proceeds from sale of common stock, net of issuance costs	225,000	0
Proceeds from exercise of warrants, net of issuance costs	791,039us-gaap_ProceedsFromIssuanceOfWarrants	152,012us-gaap_ProceedsFromIssuanceOfWarrants
Net cash provided by financing activities	3,052,684	573,017
Net change in cash	685,208	(339,109)
Cash at beginning of reporting period	735,044	424,475
Cash at end of reporting period	1,420,252	85,366
Supplemental disclosure of cash flows information:
Interest paid	0us-gaap_InterestPaidNet	0us-gaap_InterestPaidNet
Income tax paid	0us-gaap_IncomeTaxesPaidNet	0us-gaap_IncomeTaxesPaidNet
Non-cash investing and financing activities:
Issuance of common stock for past due payables	0	1,042,000
Issuance of common stock for conversion of convertible notes	1,077,449	0
Issuance of common stock for conversion of accrued interest	$ 24,776	$ 0

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Mar. 31, 2014
Current assets:
Cash	$ 1,420,252us-gaap_Cash	$ 735,044us-gaap_Cash
Accounts receivable	261,388us-gaap_AccountsReceivableNetCurrent	673,039us-gaap_AccountsReceivableNetCurrent
Convertible note receivable	250,000fil_ConvertibleNoteReceivable	0fil_ConvertibleNoteReceivable
Deposit for formation of majority-owned subsidiary	25,000	0
Prepaid seeds and fertilizer	3,610,300us-gaap_PrepaidExpenseCurrent	1,498,008us-gaap_PrepaidExpenseCurrent
Other current assets	19,000us-gaap_OtherAssetsCurrent	2,041us-gaap_OtherAssetsCurrent
Total current assets	5,585,940us-gaap_AssetsCurrent	2,908,132us-gaap_AssetsCurrent
Non-current assets:
Property and equipment	32,163us-gaap_PropertyPlantAndEquipmentGross	24,400us-gaap_PropertyPlantAndEquipmentGross
Accumulated depreciation	(7,865)	(5,627)
Property and equipment, net	24,298us-gaap_PropertyPlantAndEquipmentNet	18,773us-gaap_PropertyPlantAndEquipmentNet
Acquired technology	1,635,300fil_AcquiredTechnology	1,635,300fil_AcquiredTechnology
Accumulatd amortization	(272,550)	(190,785)
Acquired technology, net	1,362,750fil_AcquiredTechnologyNet	1,444,515fil_AcquiredTechnologyNet
Website development costs	18,365	6,203
Accumulated amortization	(4,581)	(2,937)
Website development costs, net	13,784us-gaap_FiniteLivedIntangibleAssetsNet	3,266us-gaap_FiniteLivedIntangibleAssetsNet
Security deposit	0us-gaap_DepositsAssetsNoncurrent	15,000us-gaap_DepositsAssetsNoncurrent
Total assets	6,986,772us-gaap_Assets	4,389,686us-gaap_Assets
Current liabilities:
Accounts payable	24,159us-gaap_AccountsPayableCurrent	540,144us-gaap_AccountsPayableCurrent
Accounts payable - president and CEO	404,285	252,486
Credit card payable	20,154fil_CreditCardPayable	0fil_CreditCardPayable
Accrued expenses	19,350us-gaap_AccruedLiabilitiesCurrent	17,500us-gaap_AccruedLiabilitiesCurrent
Accrued interest	148,739us-gaap_InterestPayableCurrent	89,490us-gaap_InterestPayableCurrent
Advances from president and significant stockholder	2,497	852
Convertible notes payable - net of discount	1,061,228us-gaap_ConvertibleNotesPayableCurrent	455,761us-gaap_ConvertibleNotesPayableCurrent
Total current liabilities	1,680,412us-gaap_LiabilitiesCurrent	1,356,233us-gaap_LiabilitiesCurrent
Non-Current liabilities:
Derivative note liabilities	809,579us-gaap_DerivativeLiabilities	1,027,434us-gaap_DerivativeLiabilities
Derivative warrant liabilities	1,656,765fil_DerivativeWarrantLiabilities	4,364,190fil_DerivativeWarrantLiabilities
Total non-current liabilities	2,466,344us-gaap_LiabilitiesNoncurrent	5,391,624us-gaap_LiabilitiesNoncurrent
Total liabilities	4,146,756us-gaap_Liabilities	6,747,857us-gaap_Liabilities
Commitments and Contingencies
Stevia Corp stockholders' equity (deficit):
Common stock par value $0.001: 750,000,000 shares authorized, 198,239,385 and 149,109,271 shares issued and outstanding, respectively	198,239us-gaap_CommonStockValue	149,108us-gaap_CommonStockValue
Additional paid-in capital	16,233,234us-gaap_AdditionalPaidInCapital	11,383,415us-gaap_AdditionalPaidInCapital
Accumulated deficit	(13,224,686)	(13,597,941)
Total Stevia Corp stockholders' equity (deficit)	3,206,787	(2,065,418)
Non-controlling interest in subsidiaries
Noncontrolling interest - accumulated deficit in consolidated subsidiaries	(366,771)us-gaap_MinorityInterest	(292,753)us-gaap_MinorityInterest
Non-controlling interest in subsidiaries	(366,771)	(292,753)
Total Equity (Deficit)	2,840,016us-gaap_StockholdersEquity	(2,358,171)us-gaap_StockholdersEquity
Total Liabilities and Equity (Deficit)	$ 6,986,772	$ 4,389,686