BIOLOGIX HAIR INC.
CIK:0001510775|SEC Filings
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Incorporation, Nature and Continuance of Operations (Details) (USD $)
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0 Months Ended | ||||
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Jan. 09, 2013
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Mar. 31, 2013
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Dec. 31, 2012
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Jan. 09, 2013
Biologix Hair Canada Inc [Member]
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May 18, 2012
Common Stock [Member]
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| Incorporation, Nature and Continuance of Operations (Textual) | |||||
| Percentage of issued and outstanding shares acquired | 100.00% | 100.00% | |||
| Common stock issued under share exchange agreement in reverse acquisition, shares | 26,430,000 | ||||
| Former shareholders of Biologix equity ownership percentage after acquisition | 47.00% | ||||
| Common stock, shares issued after acquisition | 56,630,000 | 56,630,000 | 26,430,000 | ||
| Common stock, shares outstanding after acquisition | 56,630,000 | 56,630,000 | 26,430,000 | ||
| Accumulated deficit | $ (28,707,763) | $ (25,499,215) |
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Interim Consolidated Balance Sheets (Unaudited) (USD $)
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Mar. 31, 2013
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Dec. 31, 2012
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| Current | ||||||||||||||||||
| Cash and cash equivalents | $ 67,136 | $ 63,755 | ||||||||||||||||
| Taxes receivable | 69,633 | |||||||||||||||||
| Prepaid expenses and deposit (Note 4) | 175,729 | [1] | 250,682 | [1] | ||||||||||||||
| Total current assets | 242,865 | 384,070 | ||||||||||||||||
| Prepaid expense - long term (Note 4) | [1] | 31,270 | [1] | |||||||||||||||
| Property and equipment (Note 5) | 133,439 | [2] | 154,079 | [2] | ||||||||||||||
| Website development cost (Note 6) | 97,296 | [3] | 94,272 | [3] | ||||||||||||||
| Total assets | 473,600 | 663,691 | ||||||||||||||||
| Current | ||||||||||||||||||
| Accounts payable and accrued liabilities | 494,735 | 423,876 | ||||||||||||||||
| Due to related parties (Note 8) | 5,673 | [4] | 189,489 | [4] | ||||||||||||||
| Current portion of promissory and convertible promissory notes (Note 7) | 11,504,439 | [5] | 7,604,595 | [5] | ||||||||||||||
| Total current liabilities | 12,004,847 | 8,217,960 | ||||||||||||||||
| Non-current portion of promissory and convertible promissory notes (Note 7) | 3,302,873 | [5] | 6,663,675 | [5] | ||||||||||||||
| Total liabilities | 15,307,720 | 14,881,635 | ||||||||||||||||
| STOCKHOLDERS' EQUITY | ||||||||||||||||||
| Common stock (Notes 1 and 9) Authorized: 900,000,000 common shares, $0.001 par value Issued and outstanding: 56,630,000 (December 31, 2012: 26,430,000 at $0.001 par value) common shares | 56,630 | [6] | 26,430 | [6] | ||||||||||||||
| Additional paid-in capital | 13,161,857 | 11,248,754 | ||||||||||||||||
| Share subscriptions received in advance (Note 9) | 650,000 | [7] | [7] | |||||||||||||||
| Accumulated other comprehensive income | 5,156 | 6,087 | ||||||||||||||||
| Deficit | (28,707,763) | (25,499,215) | ||||||||||||||||
| Total stockholders' equity (deficiency) | (14,834,120) | (14,217,944) | ||||||||||||||||
| Total liabilities and stockholders' equity | $ 473,600 | $ 663,691 | ||||||||||||||||
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