Game Plan Holdings, Inc.

CIK:0001456090|SEC Filings

Summary of Significant Accounting Practices: Earnings (loss) Per Share Policy (Policies)	3 Months Ended
Sep. 30, 2014
Policies
Earnings (loss) Per Share Policy	Earnings (Loss) per Share The basic earnings (loss) per common share is calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares outstanding during the year. The diluted earnings (loss) per share are calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. Common stock equivalent shares are excluded from the computation if their effect is antidilutive.

Summary of Significant Accounting Practices: Earnings (loss) Per Share Policy (Policies)

3 Months Ended

Sep. 30, 2014

Earnings (Loss) per Share

The basic earnings (loss) per common share is calculated by dividing the Company’s net income available to common shareholders by the weighted average number of common shares outstanding during the year. The diluted earnings (loss) per share are calculated by dividing the Company’s net income (loss) available to common shareholders by the diluted weighted average number of shares adjusted as of the first of the year for any potentially dilutive debt or equity. Common stock equivalent shares are excluded from the computation if their effect is antidilutive.

Statements of Cash Flows (USD $)	9 Months Ended
Statements of Cash Flows (USD $)	Sep. 30, 2014	Sep. 30, 2013
Operating activities
Net Loss	$ (1,049,336)	$ (1,002,053)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	99,239	20,544
Impairment of website		118,700
Stock-based compensation	146,510	166,885
Gain on settlement of accounts payable	(10,000)
Accrued interest expense related to stock repurchase liability	25,500
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	4,592	(3,583)
(Increase) decrease in prepaids	(11,522)	(41,392)
(Increase) decrease in inventory	140,227	(170,498)
(Increase) decrease in other receivable		(22,548)
Increase (decrease) in accounts payable and accrued liabilities	(43,682)	178,907
Increase (decrease) in accounts payable and accrued liabilities - related party	218,850
Net cash used in operating activities	(392,258)	(755,038)
Investing activities
(Decrease) increase in restricted cash	(173,772)
Investment in development of website		62,122
Purchase of fixed assets	4,900	19,709
Net cash used in investing activities	168,872	(81,831)
Financing activities
Proceeds from note payable	26,238	27,712
Payment on note payable	20,868	13,596
Proceeds from related party		91,031
Payments on related party advances	59,733	148,798
Proceeds from sale of common stock	282,803	1,347,500
Net cash provided by financing activities	228,440	1,303,849
Net increase (decrease) increase in cash	5,054	466,980
Cash - beginning of the period	4,918	3,453
Cash - end of the period	9,972	470,433
Supplemental disclosure of cash flow information:
Interest paid	1,369
Income taxes paid
Non-cash investing and financing activities:
Shares issued for settlement of accounts payable	90,000
Shares issued for prepaid legal fees	15,755
Shares issued for intangible assets		$ 46,513

Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current assets:
Cash	$ 9,972	$ 4,918
Restricted cash		173,772
Marketable securities	1,185	3,120
Accounts receivable	3,232	7,824
Inventory	190,714	330,941
Prepaids	48,308	21,031
Total current assets	253,411	541,606
Property and equipment, net	36,675	38,433
Intangible assets
Intellectual property	46,513	46,513
Website, net	79,331	171,914
Total intangible assets	125,844	218,427
Other assets
Security deposit	36,887	36,887
Total assets	452,817	835,353
Current liabilities
Accounts payable and accrued liabilities	204,264	244,826
Accounts payable and accrued liabilities - related party	413,183	194,333
Note payable, current	9,991	4,625
Due to related party	133,000	254,500
Stock repurchase liability, net - current	194,767
Total current liabilities	955,205	698,284
Long term liabilities
Stock repurchase liability, net	133,000	107,500
Total long term liabilities		107,500
Total liabilities	955,205	805,784
Stockholders' equity (deficit)
Common stock value	37,116	35,148
Additional paid-in capital	3,912,396	3,565,859
Common stock payable	359,608	188,800
Accumulated other comprehensive income	1,580	3,514
Accumulated deficit	(4,813,088)	(3,763,752)
Total stockholders' equity (deficit)	(502,388)	29,569
Total liabilities and stockholders' equity (deficit)	$ 452,817	$ 835,353