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Stragenics, Inc. – ‘10-Q’ for 3/31/12 – ‘R6’

On:  Monday, 11/5/12, at 11:57am ET   ·   For:  3/31/12   ·   Accession #:  1213900-12-5910   ·   File #:  333-157565

Previous ‘10-Q’:  ‘10-Q’ on 6/22/12 for 9/30/11   ·   Next:  ‘10-Q’ on 11/5/12 for 6/30/12   ·   Latest:  ‘10-Q’ on 11/24/15 for 9/30/15

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/05/12  Stragenics, Inc.                  10-Q        3/31/12   23:1.3M                                   Edgar Agents LLC/FA

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    234K 
 2: EX-31.01    Certification of Principal Executive and Financial  HTML     17K 
                Officer Pursuant to Rule 13A-14.                                 
 3: EX-32.01    CEO and CFO Certification Pursuant to Section 906   HTML     12K 
                of the Sarbanes-Oxley Act.                                       
16: R1          Document and Entity Information                     HTML     30K 
12: R2          Consolidated Balance Sheets                         HTML     59K 
15: R3          Consolidated Balance Sheets (Parenthetical)         HTML     23K 
17: R4          Consolidated Statements of Operations (Unaudited)   HTML     66K 
20: R5          Consolidated Statements of Cash Flows (Unaudited)   HTML     97K 
13: R6          Nature of Operations and Continuance of Business    HTML     18K 
14: R7          Summary of Significant Accounting Principles        HTML     56K 
11: R8          Related Party Transactions                          HTML     19K 
 9: R9          Loans Payable                                       HTML     13K 
21: R10         Convertible Debt                                    HTML     35K 
19: R11         Derivative Liabilities                              HTML     13K 
18: R12         Segmented Information                               HTML     58K 
23: XML         IDEA XML File -- Filing Summary                      XML     29K 
10: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    144K 
 6: EX-101.CAL  XBRL Calculations -- rxac-20120331_cal               XML     66K 
 4: EX-101.INS  XBRL Instance -- rxac-20120331                       XML    186K 
 7: EX-101.LAB  XBRL Labels -- rxac-20120331_lab                     XML    215K 
 8: EX-101.PRE  XBRL Presentations -- rxac-20120331_pre              XML    125K 
 5: EX-101.SCH  XBRL Schema -- rxac-20120331                         XSD     32K 
22: ZIP         XBRL Zipped Folder -- 0001213900-12-005910-xbrl      Zip     26K 


‘R6’   —   Nature of Operations and Continuance of Business


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v2.4.0.6
Nature of Operations and Continuance of Business
3 Months Ended
Nature Of Operations and Continuance Of Business [Abstract]  
Nature of Operations and Continuance of Business
 
1. Nature of Operations and Continuance of Business
 
Mobieyes Software, Inc. (the “Company”) was incorporated under the laws of the State of Florida on January 15, 2009. On February 23, 2010, the Company changed its name to Resource Exchange of America Corp. The Company’s prior business was a mobile enterprise software company aimed at improving productivity of field service organizations. Upon completion of the acquisition of assets from UTP Holdings, LLC on February 22, 2010, the Company adopted the business of UTP Holdings, LLC. The Company is now engaged in the business of recycling ferrous and nonferrous metals to customers in the United States and abroad.
 
These consolidated financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary debt or equity financing to continue operations, and the attainment of profitable operations. As at March 31, 2012, the Company has a working capital deficit of $2,524,226 and has an accumulated deficit of $2,577,605 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
 
It should be noted that as of October 24, 2011 an agreement was made between the majority shareholder Dana J Pekas and BHI Group, Inc. whereby Pekas has agreed to sell shares of common stock to BHI Group, Inc. Also, as of that date, Mr.Pekas has resigned his position as Director, President and Chief Executive Officer of the Company. Replacing him in this role is Mr. Michael Rhodes. It also should be noted that this proposed sale of stock and assumption of debt has not been finalized as of the date of this submission.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:11/5/1210-Q
For Period end:3/31/12
10/24/11
2/23/10
2/22/108-K
9/15/09
1/15/09
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Filing Submission 0001213900-12-005910   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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