Get Started for Free Contexxia identifies hard-to-find pieces of information in SEC filings. No more highlighters, no more redlining, no more poring over huge documents. STEVIA NUTRA CORP. (1498046) 10-Q published on Mar 22, 2013 at 5:15 pm
Reporting Period: Jan 30, 2013
The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. As at January 31, 2013 and July 31, 2012, the Company had no cash equivalents.
Long term deposits represent amounts paid by the Company’s wholly owned subsidiary, Mighty Mekong Argo Industries Co., Inc., as security deposits pursuant to lease agreements entered into during 2012. Long term deposits consist of payments for the following security deposits:
Pursuant to the agreement, the Company was required to file with the SEC the Registration Statement by the filing deadline and if not filed by this date the Company would be required to make pro rata payments equal to 1% of the aggregate amount invested by Fairhills for each 30-day period for which the Registration Statement is not filed. However, the purchaser has waived the payment for the late filing of the Registration Statement.
Our net loss for the three months ended January 31, 2013 was $122,375 compared to a net loss of $17,984 during the three months ended January 31, 2012. Our net loss for the six months ended January 31, 2013 was $330,445 compared to a net loss of $36,232 during the six months ended January 31, 2012. During the six months ended January 31, 2013, our company has not generated any revenue.
During the six months ended January 31, 2013, we incurred depreciation expense of $5,764, general and administrative expenses of $317,522 and transfer agent and filing fees of $7,159 compared to $Nil in depreciation expense, $28,315 in general and administrative expenses and $7,917 in transfer agent and filing fees incurred during six months ended January 31, 2012. General and administrative expenses incurred during the six months ended January 31, 2013 consisted of bank charges and interest of $1,771 (2012: $678), consulting fees of $108,400 (2012: $Nil), professional fees of $24,594 (2012: $15,137), office and operational expenses of $104,065 (2012: $12,500), travel of $3,692 (2012: $Nil) and loss on stock price protection of $75,000 (2012: $Nil).