NextPlat Corp Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS' EQUITY (DEFICIT) (Details Narrative)

STOCKHOLDERS' EQUITY (DEFICIT) (Details Narrative) (USD $)	1 Months Ended	12 Months Ended		0 Months Ended
	Nov. 14, 2014	Dec. 31, 2014	Dec. 31, 2013	Oct. 15, 2014	Mar. 25, 2015
Preferred stock, shares authorized		20,000,000us-gaap_PreferredStockSharesAuthorized	10,000,000us-gaap_PreferredStockSharesAuthorized
Preferred stock par value		$ 0.0001	$ 0.0001
Common stock, shares authorized		200,000,000us-gaap_CommonStockSharesAuthorized	200,000,000us-gaap_CommonStockSharesAuthorized
Common stock par value		$ 0.0001	$ 0.0001
Common stock, shares issued		13,733,172us-gaap_CommonStockSharesIssued	1,510,975us-gaap_CommonStockSharesIssued
Common stock, shares outstanding		13,733,172us-gaap_CommonStockSharesOutstanding	1,510,975us-gaap_CommonStockSharesOutstanding
Volatility rate		35.70%
Expected term		2 years 4 months 9 days
Risk-free interest rate		0.67%
Stock options, value		$ 260,000
Warrants outstanding at end of period		245,000	245,000
Private placement units sold	50,000	10,000,000
Private placement unit price		$ 2.00
Gross proceeds from private placement	100,000	500,000
Common shares issued in Private Placement	2,000,000	8,000,000
Shares issued upon conversion of debt, debt amount cancelled			243,382
Preferred stock, Series B
Preferred stock, shares authorized		30,000
Preferred stock par value		$ 0.0001
Preferred stock, shares outstanding		6,666	6,666
Preferred stock, Series C
Preferred stock, shares authorized		4,000,000			4,000,000
Preferred stock par value		$ 0.0001
Preferred stock, shares outstanding		0	0
Series D Preferred Stock
Preferred stock, shares authorized		5,000,000
Preferred stock par value		$ 0.0001
Preferred stock, shares outstanding		5,000,000	0
Shares issued upon conversion of debt				4,250,000
Series D Preferred Stock \| Convertible Debt [Member]
Shares issued upon conversion of debt		750,000
Shares issued upon conversion of debt, debt amount cancelled		35,000
Deemed dividend		133,274
Series D Preferred Stock \| Convertible Debt 2 [Member]
Shares issued upon conversion of debt		4,250,000
Shares issued upon conversion of debt, debt amount cancelled		98,275
Preferred Stock Series A
Preferred stock, shares authorized		20,000
Preferred stock par value		$ 0.0001
Preferred stock, shares outstanding		20,000
Bhansali
Non-employee director monthly fees		1,000
Non-employee option issued		30,000
Exercise price, per share, for common stock		$ 0.015
Severance payment		2,500
Volatility rate		260.00%
Expected term		4 years
Risk-free interest rate		0.81%
Uribe
Non-employee director monthly fees		1,000
Non-employee option issued		30,000
Exercise price, per share, for common stock		$ 0.015
Valued common shares at the fair market value, per share		$ 3.00
Severance payment		2,500
Valued common shares at the fair market value		179,834
Volatility rate		260.00%
Expected term		4 years
Risk-free interest rate		0.81%
Stock based consulting expense		179,834
Bleak [Member]
Shares cancelled, number of shares			230,000
Shares cancelled, value			23
2014 Plan
Share based compensation, shares issuable		34,000,000
Share based compensation, vesting terms		issuance no later than sixty (60) days following the date of shareholder approval of the Plan in connection with (i) a private placement of the Company’s securities in which the Corporation receives gross proceeds of at least $1,000,000 and (ii) an acquisition of at least 50 mining leases and/or claims in the Holbrook Basin.
Stock based consulting expense		179,834
Stock options, value		$ 80,000