0001165527-12-000533.txt : 20120523 0001165527-12-000533.hdr.sgml : 20120523 20120523111137 ACCESSION NUMBER: 0001165527-12-000533 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120523 DATE AS OF CHANGE: 20120523 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Vantage Health CENTRAL INDEX KEY: 0001497130 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 980659770 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-168930 FILM NUMBER: 12863429 BUSINESS ADDRESS: STREET 1: 11400 OLYMPIC BLVD., SUITE 640 CITY: LOS ANGELES STATE: CA ZIP: 90064 BUSINESS PHONE: 310-477-5811 MAIL ADDRESS: STREET 1: 11400 OLYMPIC BLVD., SUITE 640 CITY: LOS ANGELES STATE: CA ZIP: 90064 10-Q/A 1 g6009a.txt U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q/A (Amendment No. 1) Mark One [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2012 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File No. 333-168930 VANTAGE HEALTH (Name of small business issuer in its charter) Nevada (State or other jurisdiction of incorporation or organization) C/O Steven T Lowe Esq. Suite 640 11400 West Olympic Boulevard Los Angeles, California 90064-1567 (Address of principal executive offices) (310) 477-5811 (Issuer's telephone number) Securities registered pursuant to Name of each exchange Section 12(b) of the Act: on which registered: None Securities registered pursuant to Section 12(g) of the Act: Common Stock, $0.001 (Title of Class) Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No[ ] Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (ss.232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). YES [X] NO [ ] Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company. Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X] Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X] Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years. N/A Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court. Yes[ ] No[ ] Applicable Only to Corporate Registrants Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the most practicable date: Class Outstanding as of May 15, 2012 ----- ------------------------------ Common Stock, $0.01 80,025,000 EXPLANATORY NOTE The purpose of this Amendment No. 1 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012, filed with the Securities and Exchange Commission on May 21, 2012 (the "Form 10-Q"), is solely to furnish Exhibit 101 to the Form 10-Q. Exhibit 101 provides the financial statements and related notes from the Form 10-Q formatted in XBRL (Extensible Business Reporting Language). No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q continues to speak as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q. Pursuant to rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Act of 1934, as amended, and otherwise are not subject to liability under those sections. ITEM 6. EXHIBITS 31.1* Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a). 31.2* Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a). 32.1* Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d- 14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002. 101 Interactive Data Files pursuant to Rule 405 of Regulation S-T. ---------- * Filed previously 2 SIGNATURES In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. VANTAGE HEALTH Dated: May 23, 2012 By: /s/ Lisa Ramakrishnan ------------------------------------------ Lisa Ramakrishnan, President and Chief Executive Officer Dated: May 23, 2012 By: /s/ Lisa Ramakrishnan ------------------------------------------ Lisa Ramakrishnan, Chief Financial Officer 3 EX-101.INS 2 vnth-20120331.xml 10-Q 2012-03-31 false Vantage Health 0001497130 --06-30 80025000 Smaller Reporting Company Yes No No 2012 Q3 368126 14223 33957 0 402083 14223 29278 0 1386 0 2205 0 434952 14223 57579 47815 852539 328322 910118 376137 80025 74250 380435 97460 -118750 0 -285032 -142238 30816 -10485 -562660 -380901 -475166 -361914 434952 14223 0.001 0.001 250000000 250000000 80025000 74250000 80025000 74250000 32397 0 68772 0 68772 36524 0 72176 0 72176 -4127 0 -3404 0 -3404 6495 5065 17216 18386 51607 54535 6444 175414 9920 203548 0 0 3500 0 10500 0 0 0 0 32000 22089 64483 49101 200088 262072 0 0 0 0 50000 8785 18894 76801 44221 148259 191 300 1323 1099 3379 92095 95186 323355 273714 761365 -96222 -95186 -326759 -273714 -764769 0 0 0 68 69 0 0 0 68 69 -96222 -95186 -326759 -273646 -764700 40973 41817 145000 117028 287238 -55249 -53369 -181759 -156618 -477462 0 0 0 0 0 -55249 -53369 -181759 -156618 -477462 0.00 0.00 0.00 0.00 80025000 74150000 78859149 74150000 -181759 -156618 -445460 0 0 50000 364 0 364 -145000 -117028 -287238 -33957 0 -33957 0 23349 0 9764 1454 57579 -350588 -248843 -658712 -29642 0 -29642 0 -50000 -50000 -3591 0 -3591 0 0 -3643 -33233 -50000 -86876 0 0 89710 2206 0 2206 170000 0 170000 524217 213827 824482 0 0 -3500 696423 213827 1082898 41301 -17833 30816 353903 -102849 368126 121034 0 18185 0 0 0 0 0 0 0 0 85200 268750 0 268750 -55249 -53369 -181759 -156618 -477462 -20601 5608 41301 -17431 30816 0 0 0 0 0 -20601 5608 41301 -17431 30816 <!--egx--><pre>NOTE 1 - SUMMARY OF ACCOUNTING POLICIES</pre><pre>&nbsp;</pre><pre>Nature of Business</pre><pre>Vantage Health ("Vantage Health" and the "Company") is a development stage</pre><pre>company and was incorporated in Nevada on April 21, 2010.</pre><pre>&nbsp;</pre><pre>The Company intends to build and operate an Active Pharmaceutical Ingredients</pre><pre>("APIs") manufacturing plant alongside a formulation and packaging plant in</pre><pre>South Africa to meet the growing market needs for Anti-retrovirals ("ARVs") in</pre><pre>South Africa and potentially other African countries. The company intends to</pre><pre>build an Antiretroviral Active Pharmaceutical Ingredient (API) manufacturing</pre><pre>plant in South Africa in order to supply the growing demand in the fight against</pre><pre>HIV/AIDS.</pre><pre>&nbsp;</pre><pre>Development Stage Company</pre><pre>The accompanying consolidated financial statements have been prepared in</pre><pre>accordance with generally accepted accounting principles related to</pre><pre>development-stage companies. A development-stage company is one in which planned</pre><pre>principal operations have not commenced or if its operations have commenced, and</pre><pre>there has been no significant revenues there from.</pre><pre>&nbsp;</pre><pre>Basis of Presentation</pre><pre>The accompanying interim consolidated financial statements have been prepared in</pre><pre>accordance with accounting principles generally accepted in the United States of</pre><pre>America and the rules of the Securities and Exchange Commission ("SEC"), and</pre><pre>should be read in conjunction with the audited financial statements and notes</pre><pre>thereto contained in the Company's Form S-1/A filed with the SEC as of and for</pre><pre>the period ended June 30, 2011. In the opinion of management, all adjustments</pre><pre>necessary in order for the financial statements to be not misleading have been</pre><pre>reflected herein. The results of operations for interim periods are not</pre><pre>necessarily indicative of the results expected for the full year. The Company</pre><pre>has adopted a June 30 year end.</pre><pre>&nbsp;</pre><pre>Principles of Consolidation</pre><pre>The consolidated financial statements include the accounts of the Company and</pre><pre>its majority-owned subsidiaries. Significant intercompany accounts and</pre><pre>transactions have been eliminated.</pre><pre>&nbsp;</pre><pre>Cash and Cash Equivalents</pre><pre>Vantage Health considers all highly liquid investments with maturities of three</pre><pre>months or less to be cash equivalents. At March 31, 2012 and June 30, 2011, the</pre><pre>Company had $368,126 and $14,223 of cash, respectively.</pre><pre>&nbsp;</pre><pre>Property and Equipment</pre><pre>Property and equipment are recorded at cost and are depreciated, when placed in</pre><pre>service, using principally the straight-line method over the estimated useful</pre><pre>lives of the related assets. Estimated useful lives generally range from two to</pre><pre>seven years for furniture, equipment and automobiles. Leasehold improvements are</pre><pre>amortized over the estimated useful lives of the related assets or leases,</pre><pre>whichever is shorter.</pre><pre>&nbsp;</pre><pre>Fair Value of Financial Instruments</pre><pre>The Company's financial instruments consist of cash and cash equivalents,</pre><pre>prepaid expenses, accounts payable and accrued expenses and shareholder loans.</pre><pre>The carrying amount of these financial instruments approximates fair value due</pre><pre>either to length of maturity or interest rates that approximate prevailing</pre><pre>market rates unless otherwise disclosed in these financial statements.</pre><pre>&nbsp;</pre><pre>Income Taxes</pre><pre>Income taxes are computed using the asset and liability method. Under the asset</pre><pre>and liability method, deferred income tax assets and liabilities are determined</pre><pre>based on the differences between the financial reporting and tax bases of assets</pre><pre>and liabilities and are measured using the currently enacted tax rates and laws.</pre><pre>A valuation allowance is provided for the amount of deferred tax assets that,</pre><pre>based on available evidence, are not expected to be realized.</pre><pre>&nbsp;</pre><pre>Revenue Recognition</pre><pre>The Company recognizes revenue when products are fully delivered or services</pre><pre>have been provided and collection is reasonably assured.</pre><pre>&nbsp;</pre><pre>Use of Estimates</pre><pre>The preparation of financial statements in conformity with generally accepted</pre><pre>accounting principles requires management to make estimates and assumptions that</pre><pre>affect the reported amounts of assets and liabilities and disclosure of</pre><pre>contingent assets and liabilities at the date the financial statements and the</pre><pre>reported amount of revenues and expenses during the reporting period. Actual</pre><pre>results could differ from those estimates.</pre><pre>&nbsp;</pre><pre>Basic Income (Loss) Per Share</pre><pre>Basic income (loss) per share is calculated by dividing the Company's net loss</pre><pre>applicable to common shareholders by the weighted average number of common</pre><pre>shares during the period. Diluted earnings per share is calculated by dividing</pre><pre>the Company's net income available to common shareholders by the diluted</pre><pre>weighted average number of shares outstanding during the year. The diluted</pre><pre>weighted average number of shares outstanding is the basic weighted number of</pre><pre>shares adjusted for any potentially dilutive debt or equity. There are no such</pre><pre>common stock equivalents outstanding as of March 31, 2012.</pre><pre>&nbsp;</pre><pre>Other Comprehensive Income (Loss)</pre><pre>Comprehensive income (loss) consists of net income (loss) and other gains and</pre><pre>losses affecting stockholder's equity that, under GAAP, are excluded from net</pre><pre>income (loss), including foreign currency translation adjustments, gains and</pre><pre>losses related to certain derivative contracts, and gains or losses, prior</pre><pre>service costs or credits, and transition assets or obligations associated with</pre><pre>pension or other postretirement benefits that have not been recognized as</pre><pre>components of net periodic benefit cost.</pre><pre>&nbsp;</pre><pre>Foreign Currency Translation</pre><pre>The functional currency of the Company is the United States Dollar. The</pre><pre>financial statements of the Company's South African subsidiary are translated</pre><pre>from the South African Rand to U.S. dollars using the period exchange rates as</pre><pre>to assets and liabilities and average exchange rates as to revenues and</pre><pre>expenses. The financial statements of the Company's Tanzania subsidiary are</pre><pre>translated from the Tanzanian Shilling to U.S. dollars using the period exchange</pre><pre>rates as to assets and liabilities and average exchange rates as to revenues and</pre><pre>expenses. Capital accounts are translated at their historical exchange rates</pre><pre>when the capital transaction occurs. Net gains and losses resulting from foreign</pre><pre>exchange translations are included in the statements of operations and changes</pre><pre>in stockholders' equity as other comprehensive income (loss).</pre><pre>&nbsp;</pre><pre>Stock-Based Compensation</pre><pre>Stock-based compensation is accounted for at fair value in accordance with SFAS</pre><pre>No. 123 and 123 (R) (ASC 718). To date, the Company has not adopted a stock</pre><pre>option plan and has not granted any stock options.</pre><pre>&nbsp;</pre><pre>Recent Accounting Pronouncements</pre><pre>The Company does not expect the adoption of recently issued accounting</pre><pre>pronouncements to have a significant impact on the Company's results of</pre><pre>operations, financial position or cash flow.</pre> <!--egx--><pre>NOTE 2 - PROPERTY AND EQUIPMENT</pre><pre>&nbsp;</pre><pre>Major classes of property and equipment consist of the following:</pre><pre>&nbsp;</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; March 31, 2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30, 2011</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -------------</pre><pre>Construction in process&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$ 16,295&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0</pre><pre>Vehicles&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11,050&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0</pre><pre>Furniture and fixtures&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,301&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29,646&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0</pre><pre>Less accumulated depreciation&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (368)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 29,278&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ========&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ========</pre><pre>&nbsp;</pre><pre>During 2012 and 2011, the Company recorded no provisions for the impairment of</pre><pre>assets.</pre> <!--egx--><pre>NOTE 3 - SHAREHOLDER LOANS</pre><pre>&nbsp;</pre><pre>During the period ended June 30, 2010 the company received loans from two</pre><pre>shareholders for $100,699, $30,000 and $3,500. The loans are non-interest</pre><pre>bearing, unsecured and are due on July 13, 2013.</pre><pre>&nbsp;</pre><pre>During the year ended June 30, 2011, the $3,500 loan was repaid in full.</pre><pre>&nbsp;</pre><pre>An additional $247,623 was loaned from a shareholder during the year ended June</pre><pre>30, 2011.</pre><pre>&nbsp;</pre><pre>During the year ended June 30, 2011, a shareholder forgave loans totaling</pre><pre>$50,000 which have been recorded as contributed capital.</pre><pre>&nbsp;</pre><pre>The total amount due to the shareholders was $852,539 and $328,322 as of March</pre><pre>31, 2012 and June 30, 2011, respectively.</pre> <!--egx--><pre>NOTE 4 - COMMON STOCK</pre><pre>&nbsp;</pre><pre>The Company has 250,000,000 shares of $0.001 par value common stock.</pre><pre>&nbsp;</pre><pre>During the period ended June 30, 2010 the Company issued 74,150,000 shares of</pre><pre>common stock ranging from $0.001 to $0.003 per share. Vantage received total</pre><pre>proceeds of $89,710.</pre><pre>&nbsp;</pre><pre>During the year ended June 30, 2011, a shareholder forgave loans totaling</pre><pre>$50,000 which have been recorded as contributed capital.</pre><pre>&nbsp;</pre><pre>On June 30, 2011 a director of the company was issued 100,000 shares of</pre><pre>restricted common stock valued at $32,000 for services rendered.</pre><pre>&nbsp;</pre><pre>During the quarter ended September 30, 2011 warrants were exercised for</pre><pre>5,775,000 common shares of stock, for $20,000 in cash and notes receivable</pre><pre>totaling $268,750.</pre><pre>&nbsp;</pre><pre>During the quarter ended March 31, 2012 subscriptions receivable were collected</pre><pre>in the amount of $150,000.</pre><pre>&nbsp;</pre><pre>There are 80,025,000 shares issued and outstanding as of March 31, 2012.</pre> <!--egx--><pre>NOTE 5 - STOCK WARRANTS</pre><pre>&nbsp;</pre><pre>The Company issued 7,859,375 stock warrants in connection with the issuance of</pre><pre>common stock. The Company has accounted for these warrants as equity instruments</pre><pre>in accordance with EITF 00-19 (ASC 815-40), Accounting for Derivative Financial</pre><pre>Instruments Indexed to, and Potentially Settled in, a Company's Own Stock, and</pre><pre>as such, will be classified in stockholders' equity as they meet the definition</pre><pre>of "...indexed to the issuer's stock" in EITF 01-06 (ASC 815-40) The Meaning of</pre><pre>Indexed to a Company's Own Stock. The Company has estimated the fair value of</pre><pre>the warrants issued in connection with the private placement at $13 as of the</pre><pre>grant dates using the Black-Scholes option pricing model. Each common stock</pre><pre>purchase warrant has an exercise price of $3.00 and will expire 36 months from</pre><pre>the effective date of the S-1. The Company has the right to call the common</pre><pre>stock purchase warrants within ten days written notice if the Company's common</pre><pre>stock is trading at or above $3.00 per share and has average daily trading</pre><pre>volume of 200,000 shares of twenty consecutive days. No adjustment was made to</pre><pre>the financial statements due to materiality.</pre><pre>&nbsp;</pre><pre>On August 4, 2011 the exercise price for all the outstanding warrants was</pre><pre>revised from $3.00 to $0.05 per share. The warrants were revalued on that date</pre><pre>at $1,611,135. The stock and warrants were originally sold for total value of</pre><pre>$13,541. As the value of the warrants cannot exceed the total value of the</pre><pre>equity sale, no further adjustments are necessary.</pre><pre>&nbsp;</pre><pre>During the quarter ended September 30, 2011 warrants were exercised for</pre><pre>5,775,000 common shares of stock, for $20,000 in cash and notes receivable</pre><pre>totaling $268,750. There are 2,084,375 stock warrants remaining as of September</pre><pre>30, 2011.</pre><pre>&nbsp;</pre><pre>Key assumptions used by the Company are summarized as follows at the original</pre><pre>grant date and the date of revision:</pre><pre>&nbsp;</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; August 4, 2011&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30, 2010</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -------------</pre><pre>Stock price&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$0.25&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0.00275</pre><pre>Exercise price&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $0.05&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp; 3.00</pre><pre>Expected volatility&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105%</pre><pre>Expected dividend yield&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%</pre><pre>Risk-free rate over the estimated</pre><pre> expected life of the warrants&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.27%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.84%</pre><pre>Expected term (in years)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.92&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3</pre> <!--egx--><pre>NOTE 6 - NON-CONTROLLING INTEREST</pre><pre>&nbsp;</pre><pre>On June 14, 2010, Vantage acquired 51% of an entity under common control for</pre><pre>cash totaling $3,643. For purposes of these financial statements, the subsidiary</pre><pre>has been consolidated via the acquisition method. We have recorded a deemed</pre><pre>dividend of $85,200 since the book value of Moxisign's liabilities exceeded the</pre><pre>book value of its assets. The assets and liabilities of Moxisign have been</pre><pre>recorded at amounts equal to the carrying value on Moxisign's books as per ASC</pre><pre>805-020. At the acquisition date, Moxisign had current assets of $27,751,</pre><pre>current liabilities of $1,928 and long-term liabilities of $102,669.</pre><pre>&nbsp;</pre><pre>On June 1, 2011, Vantage acquired 51% of a newly established entity for a note</pre><pre>totaling $2,295. For purposes of these financial statements, the subsidiary has</pre><pre>been consolidated via the acquisition method. The assets and liabilities of</pre><pre>Vantage Tanzania Limited have been recorded at amounts equal to the carrying</pre><pre>value on Vantage Tanzania Limited's books as per ASC 805-020. At the acquisition</pre><pre>date, Vantage Tanzania Limited had current assets of $0, current liabilities of</pre><pre>$0 and long-term liabilities of $0.</pre> <!--egx--><pre>NOTE 7 - COMMITMENTS</pre><pre>&nbsp;</pre><pre>Vantage Health neither owns nor leases any real or personal property. An officer</pre><pre>has provided office services without charge. There is no obligation for the</pre><pre>officer to continue this arrangement. Such costs are immaterial to the financial</pre><pre>statements and accordingly are not reflected herein. The officers and directors</pre><pre>are involved in other business activities and most likely will become involved</pre><pre>in other business activities in the future.</pre> <!--egx--><pre>NOTE 8 - LIQUIDITY AND GOING CONCERN</pre><pre>&nbsp;</pre><pre>The Company has limited working capital, has incurred losses since inception,</pre><pre>and has not yet received material revenues from sales of products or services.</pre><pre>These factors create substantial doubt about the Company's ability to continue</pre><pre>as a going concern. The financial statements do not include any adjustment that</pre><pre>might be necessary if the Company is unable to continue as a going concern.</pre><pre>&nbsp;</pre><pre>The ability of Vantage Health to continue as a going concern is dependent on the</pre><pre>Company generating cash from the sale of its common stock and/or obtaining debt</pre><pre>financing and attaining future profitable operations. Management's plans include</pre><pre>selling its equity securities and obtaining debt financing to fund its capital</pre><pre>requirement and ongoing operations; however, there can be no assurance the</pre><pre>Company will be successful in these efforts.</pre> <!--egx--><pre>NOTE 9 - INCOME TAXES</pre><pre>&nbsp;</pre><pre>For the nine months ended March 31, 2012, Vantage Health has incurred a net loss</pre><pre>before minority interest of approximately $314,364 and, therefore, has no tax</pre><pre>liability. The net deferred tax asset generated by the loss carry-forward has</pre><pre>been fully reserved. The cumulative net operating loss carry-forward is</pre><pre>approximately $471,000 at March 31, 2012, and will expire beginning in the year</pre><pre>2030. The provision for Federal income tax consists of the following for the</pre><pre>three months ended March 31, 2012 and 2011:</pre><pre>&nbsp;</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; March 31, 2012&nbsp; &nbsp;&nbsp;&nbsp;March 31, 2011</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------------&nbsp;&nbsp;&nbsp;&nbsp; --------------</pre><pre>Federal income tax benefit attributable to:</pre><pre>&nbsp; Current operations&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 18,785&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 19,799</pre><pre>&nbsp; Less: valuation allowance&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18,785)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19,799)</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; --------</pre><pre>Net provision for Federal income taxes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ========&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ========</pre><pre>&nbsp;</pre><pre>The cumulative tax effect at the expected rate of 34% of significant items</pre><pre>comprising our net deferred tax amount is as follows:</pre><pre>&nbsp;</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; March 31, 2012&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; June 30, 2011</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--------------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -------------</pre><pre>Deferred tax asset attributable to:</pre><pre>&nbsp; Net operating loss carryover&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $ 160,140&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp; 89,651</pre><pre>&nbsp; Valuation allowance&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (160,140)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (89,651)</pre><pre>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---------&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ---------</pre><pre>Net deferred tax asset&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0</pre><pre>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =========&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; =========</pre> <!--egx--><pre>NOTE 10 - SUBSEQUENT EVENTS</pre><pre>&nbsp;</pre><pre>On April 14, 2012, Dr. Lisa Ramakrishnan reclaimed her role as CEO following the</pre><pre>mutually agreed upon termination of Mr. John Harris, the previous CEO.</pre><pre>&nbsp;</pre><pre>On October 24, 2011, Vantage Health Tanzania Ltd was awarded and subsequently</pre><pre>accepted a contract from the University of Dar es Salaam to supply medical</pre><pre>supplies and goods with a total contract value of $850,000. This contract is to</pre><pre>be carried out over a period beginning November 1, 2011 and ending September 30,</pre><pre>2012. Vantage Health Tanzania Ltd has already begun fulfilling this contract and</pre><pre>is recognizing revenues from this contract.</pre><pre>&nbsp;</pre><pre>Vantage Health's South African subsidiary, Moxisign (Pty) Ltd., is in the final</pre><pre>stages of entering into a 5 year contract with a health and beauty focused</pre><pre>retail and supply group with over 590 stores across southern Africa. This</pre><pre>contact is expected to generate approximately $10,000,000 in gross revenue for</pre><pre>that entity. This contract is not yet finalized.</pre><pre>&nbsp;</pre><pre>Management has evaluated subsequent events through the date on which the</pre><pre>financial statements were issued, and has determined it does not have any</pre><pre>material subsequent events to disclose other than those mentioned above.</pre> 0 0 0 0 0 0 0 0 60000000 60000 0 0 0 0 0 60000 3712500 3713 1856 0 0 0 0 5569 5000000 5000 5000 0 0 0 0 10000 3700000 3700 5550 0 0 0 0 9250 1287500 1287 2254 0 0 0 0 3541 450000 450 900 0 0 0 0 1350 0 0 0 0 0 -85200 -85200 0 0 0 -637 6010 -6627 -1254 74150000 74150 15560 0 -637 6010 -91827 3256 0 50000 0 0 0 0 50000 100000 100 31900 0 0 0 0 32000 0 0 0 -141601 -16495 -289074 -447170 74250000 74250 97460 0 -142238 -10485 -380901 -361914 5775000 5775 282975 -118750 0 0 0 170000 0 0 0 2206 0 0 2206 0 0 0 -145000 41301 -181759 -285458 80025000 80025 380435 -118750 -285032 30816 -562660 -475166 0001497130 2011-07-01 2012-03-31 0001497130 2012-05-15 0001497130 2012-03-31 0001497130 2011-06-30 0001497130 2012-01-01 2012-03-31 0001497130 2011-01-01 2011-03-31 0001497130 2010-07-01 2011-03-31 0001497130 2010-04-22 2012-03-31 0001497130 2010-06-30 0001497130 2010-04-20 0001497130 2011-03-31 0001497130 us-gaap:CapitalUnitsMember 2010-04-21 0001497130 us-gaap:CommonStockMember 2010-04-21 0001497130 us-gaap:AdditionalPaidInCapitalMember 2010-04-21 0001497130 fil:StockSubscriptionReceivableMember 2010-04-21 0001497130 us-gaap:NoncontrollingInterestMember 2010-04-21 0001497130 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2010-04-21 0001497130 us-gaap:RetainedEarningsMember 2010-04-21 0001497130 us-gaap:ParentMember 2010-04-21 0001497130 us-gaap:CapitalUnitsMember 2010-04-22 2010-06-30 0001497130 us-gaap:CommonStockMember 2010-04-22 2010-06-30 0001497130 us-gaap:AdditionalPaidInCapitalMember 2010-04-22 2010-06-30 0001497130 fil:StockSubscriptionReceivableMember 2010-04-22 2010-06-30 0001497130 us-gaap:NoncontrollingInterestMember 2010-04-22 2010-06-30 0001497130 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2010-04-22 2010-06-30 0001497130 us-gaap:RetainedEarningsMember 2010-04-22 2010-06-30 0001497130 us-gaap:ParentMember 2010-04-22 2010-06-30 0001497130 us-gaap:CapitalUnitsMember 2010-06-30 0001497130 us-gaap:CommonStockMember 2010-06-30 0001497130 us-gaap:AdditionalPaidInCapitalMember 2010-06-30 0001497130 fil:StockSubscriptionReceivableMember 2010-06-30 0001497130 us-gaap:NoncontrollingInterestMember 2010-06-30 0001497130 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2010-06-30 0001497130 us-gaap:RetainedEarningsMember 2010-06-30 0001497130 us-gaap:ParentMember 2010-06-30 0001497130 us-gaap:CapitalUnitsMember 2010-07-01 2011-06-30 0001497130 us-gaap:CommonStockMember 2010-07-01 2011-06-30 0001497130 us-gaap:AdditionalPaidInCapitalMember 2010-07-01 2011-06-30 0001497130 fil:StockSubscriptionReceivableMember 2010-07-01 2011-06-30 0001497130 us-gaap:NoncontrollingInterestMember 2010-07-01 2011-06-30 0001497130 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2010-07-01 2011-06-30 0001497130 us-gaap:RetainedEarningsMember 2010-07-01 2011-06-30 0001497130 us-gaap:ParentMember 2010-07-01 2011-06-30 0001497130 us-gaap:CapitalUnitsMember 2011-06-30 0001497130 us-gaap:CommonStockMember 2011-06-30 0001497130 us-gaap:AdditionalPaidInCapitalMember 2011-06-30 0001497130 fil:StockSubscriptionReceivableMember 2011-06-30 0001497130 us-gaap:NoncontrollingInterestMember 2011-06-30 0001497130 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-06-30 0001497130 us-gaap:RetainedEarningsMember 2011-06-30 0001497130 us-gaap:ParentMember 2011-06-30 0001497130 us-gaap:CapitalUnitsMember 2011-07-01 2012-03-31 0001497130 us-gaap:CommonStockMember 2011-07-01 2012-03-31 0001497130 us-gaap:AdditionalPaidInCapitalMember 2011-07-01 2012-03-31 0001497130 fil:StockSubscriptionReceivableMember 2011-07-01 2012-03-31 0001497130 us-gaap:NoncontrollingInterestMember 2011-07-01 2012-03-31 0001497130 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-07-01 2012-03-31 0001497130 us-gaap:RetainedEarningsMember 2011-07-01 2012-03-31 0001497130 us-gaap:ParentMember 2011-07-01 2012-03-31 0001497130 us-gaap:CapitalUnitsMember 2012-03-31 0001497130 us-gaap:CommonStockMember 2012-03-31 0001497130 us-gaap:AdditionalPaidInCapitalMember 2012-03-31 0001497130 fil:StockSubscriptionReceivableMember 2012-03-31 0001497130 us-gaap:NoncontrollingInterestMember 2012-03-31 0001497130 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2012-03-31 0001497130 us-gaap:RetainedEarningsMember 2012-03-31 0001497130 us-gaap:ParentMember 2012-03-31 shares iso4217:USD iso4217:USD shares EX-101.SCH 3 vnth-20120331.xsd 000055 - 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Disclose: (a) pertinent conditions and events giving rise to the assessment of substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time, (b) the possible effects of such conditions and events, (c) management's evaluation of the significance of those conditions and events and any mitigating factors, (d) possible discontinuance of operations, (e) management's plans (including relevant prospective financial information), and (f) information about the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities. If management's plans alleviate the substantial doubt about the entity's ability to continue as a going concern, disclosure of the principal conditions and events that initially raised the substantial doubt about the entity's ability to continue as a going concern would be expected to be considered. Disclose whether operations for the current or prior years generated sufficient cash to cover current obligations, whether waivers were obtained from creditors relating to the company's default under the provisions of debt agreements and possible effects of such conditions and events, such as: whether there is a possible need to obtain additional financing (debt or equity) or to liquidate certain holdings to offset future cash flow deficiencies. Disclose appropriate parent company information when parent is dependent upon remittances from subsidiaries to satisfy its obligations Cash paid for deposit The cash outflow for the payment of deposit. 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Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. Cash paid for income taxes CASH FLOWS FROM INVESTING ACTIVITIES Shares issued for cash at $0.0025 per share Shares issued for cash at $0.0025 per share during the period Shares issued for cash at $0.0015 per share Bank fees The amount charged during the reporting period towards bank fees. 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SUPPLEMENTAL NON-CASH INVESTING AND FINANCING INFORMATION: Net Cash Used by Operating Activities Net Cash Used by Operating Activities CHANGES IN STOCKHOLDERS' DEFICIT OTHER COMPREHENSIVE INCOME LOSS BEFORE PROVISION FOR INCOME TAXES LOSS BEFORE PROVISION FOR INCOME TAXES Common Stock, shares authorized Entity Voluntary Filers COMMITMENTS {1} COMMITMENTS COMMITMENTS COMMON STOCK Proceeds from exercise of stock warrants Depreciation Shares issued for services Deemed dividend created by acquisition of 51% of entity under common control Equity impact of aggregate cash, stock, and paid-in-kind Deemed dividend created by acquisition of 51% of entity under common control during the period Shares issued for cash at $0.003 per share Shares issued for cash at $0.003 per share during the period Common Stock Amount REVENUES Deficit accumulated during the development stage Current Assets Current Fiscal Year End Date Entity Central Index Key Amendment Flag SUMMARY OF ACCOUNTING POLICIES Shares issued to founder for cash Shares issued to founder for cash during the period Office expenses Amount charged during the reporting period for office expenses. Note receivable - related party NON-CONTROLLING INTEREST {1} NON-CONTROLLING INTEREST Non-controlling interest in Vantage Health Tanzania Changes in assets and liabilities: Deposit impairment. Deficit Accumulated During the Development Stage Additional Paid In Capital Common Stock Shares NET LOSS NET LOSS COST OF GOODS SOLD Long - Term Liabilities Total Current Assets Total Current Assets Statement [Line Items] Document Fiscal Period Focus Entity Filer Category STOCK WARRANTS SHAREHOLDER LOANS {1} SHAREHOLDER LOANS The entire disclosure related to the shareholder loans for the reporting period. SUMMARY OF ACCOUNTING POLICIES {1} SUMMARY OF ACCOUNTING POLICIES Loss attributable to non-controlling interest The portion of net Income or Loss attributable to the noncontrolling interest (if any) deducted in order to derive the portion attributable to the parent. OTHER INCOME (EXPENSE) Consulting Amount charged during the reporting period for consulting fees. 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PROPERTY AND EQUIPMENT
9 Months Ended
Mar. 31, 2012
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT
NOTE 2 - PROPERTY AND EQUIPMENT
 
Major classes of property and equipment consist of the following:
 
                                            March 31, 2012        June 30, 2011
                                            --------------        -------------
Construction in process                       $ 16,295               $      0
Vehicles                                        11,050                      0
Furniture and fixtures                           2,301                      0
                                              --------               --------
                                                29,646                      0
Less accumulated depreciation                     (368)                     0
                                              --------               --------
                                              $ 29,278               $      0
                                              ========               ========
 
During 2012 and 2011, the Company recorded no provisions for the impairment of
assets.
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SUMMARY OF ACCOUNTING POLICIES
9 Months Ended
Mar. 31, 2012
SUMMARY OF ACCOUNTING POLICIES  
SUMMARY OF ACCOUNTING POLICIES
NOTE 1 - SUMMARY OF ACCOUNTING POLICIES
 
Nature of Business
Vantage Health ("Vantage Health" and the "Company") is a development stage
company and was incorporated in Nevada on April 21, 2010.
 
The Company intends to build and operate an Active Pharmaceutical Ingredients
("APIs") manufacturing plant alongside a formulation and packaging plant in
South Africa to meet the growing market needs for Anti-retrovirals ("ARVs") in
South Africa and potentially other African countries. The company intends to
build an Antiretroviral Active Pharmaceutical Ingredient (API) manufacturing
plant in South Africa in order to supply the growing demand in the fight against
HIV/AIDS.
 
Development Stage Company
The accompanying consolidated financial statements have been prepared in
accordance with generally accepted accounting principles related to
development-stage companies. A development-stage company is one in which planned
principal operations have not commenced or if its operations have commenced, and
there has been no significant revenues there from.
 
Basis of Presentation
The accompanying interim consolidated financial statements have been prepared in
accordance with accounting principles generally accepted in the United States of
America and the rules of the Securities and Exchange Commission ("SEC"), and
should be read in conjunction with the audited financial statements and notes
thereto contained in the Company's Form S-1/A filed with the SEC as of and for
the period ended June 30, 2011. In the opinion of management, all adjustments
necessary in order for the financial statements to be not misleading have been
reflected herein. The results of operations for interim periods are not
necessarily indicative of the results expected for the full year. The Company
has adopted a June 30 year end.
 
Principles of Consolidation
The consolidated financial statements include the accounts of the Company and
its majority-owned subsidiaries. Significant intercompany accounts and
transactions have been eliminated.
 
Cash and Cash Equivalents
Vantage Health considers all highly liquid investments with maturities of three
months or less to be cash equivalents. At March 31, 2012 and June 30, 2011, the
Company had $368,126 and $14,223 of cash, respectively.
 
Property and Equipment
Property and equipment are recorded at cost and are depreciated, when placed in
service, using principally the straight-line method over the estimated useful
lives of the related assets. Estimated useful lives generally range from two to
seven years for furniture, equipment and automobiles. Leasehold improvements are
amortized over the estimated useful lives of the related assets or leases,
whichever is shorter.
 
Fair Value of Financial Instruments
The Company's financial instruments consist of cash and cash equivalents,
prepaid expenses, accounts payable and accrued expenses and shareholder loans.
The carrying amount of these financial instruments approximates fair value due
either to length of maturity or interest rates that approximate prevailing
market rates unless otherwise disclosed in these financial statements.
 
Income Taxes
Income taxes are computed using the asset and liability method. Under the asset
and liability method, deferred income tax assets and liabilities are determined
based on the differences between the financial reporting and tax bases of assets
and liabilities and are measured using the currently enacted tax rates and laws.
A valuation allowance is provided for the amount of deferred tax assets that,
based on available evidence, are not expected to be realized.
 
Revenue Recognition
The Company recognizes revenue when products are fully delivered or services
have been provided and collection is reasonably assured.
 
Use of Estimates
The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date the financial statements and the
reported amount of revenues and expenses during the reporting period. Actual
results could differ from those estimates.
 
Basic Income (Loss) Per Share
Basic income (loss) per share is calculated by dividing the Company's net loss
applicable to common shareholders by the weighted average number of common
shares during the period. Diluted earnings per share is calculated by dividing
the Company's net income available to common shareholders by the diluted
weighted average number of shares outstanding during the year. The diluted
weighted average number of shares outstanding is the basic weighted number of
shares adjusted for any potentially dilutive debt or equity. There are no such
common stock equivalents outstanding as of March 31, 2012.
 
Other Comprehensive Income (Loss)
Comprehensive income (loss) consists of net income (loss) and other gains and
losses affecting stockholder's equity that, under GAAP, are excluded from net
income (loss), including foreign currency translation adjustments, gains and
losses related to certain derivative contracts, and gains or losses, prior
service costs or credits, and transition assets or obligations associated with
pension or other postretirement benefits that have not been recognized as
components of net periodic benefit cost.
 
Foreign Currency Translation
The functional currency of the Company is the United States Dollar. The
financial statements of the Company's South African subsidiary are translated
from the South African Rand to U.S. dollars using the period exchange rates as
to assets and liabilities and average exchange rates as to revenues and
expenses. The financial statements of the Company's Tanzania subsidiary are
translated from the Tanzanian Shilling to U.S. dollars using the period exchange
rates as to assets and liabilities and average exchange rates as to revenues and
expenses. Capital accounts are translated at their historical exchange rates
when the capital transaction occurs. Net gains and losses resulting from foreign
exchange translations are included in the statements of operations and changes
in stockholders' equity as other comprehensive income (loss).
 
Stock-Based Compensation
Stock-based compensation is accounted for at fair value in accordance with SFAS
No. 123 and 123 (R) (ASC 718). To date, the Company has not adopted a stock
option plan and has not granted any stock options.
 
Recent Accounting Pronouncements
The Company does not expect the adoption of recently issued accounting
pronouncements to have a significant impact on the Company's results of
operations, financial position or cash flow.
XML 13 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
Mar. 31, 2012
Jun. 30, 2011
Current Assets    
Cash and equivalents $ 368,126 $ 14,223
Accounts receivable 33,957 0
Total Current Assets 402,083 14,223
Property and equipment, net 29,278 0
Note receivable 1,386 0
Note receivable - related party 2,205 0
TOTAL ASSETS 434,952 14,223
Current Liabilities    
Accounts payable and accrued expenses 57,579 47,815
Long - Term Liabilities    
Shareholder loans 852,539 328,322
Total Liabilities 910,118 376,137
Stockholders' Deficit    
Common Stock, $.001 par value, 250,000,000 shares authorized, 80,025,000 and 74,250,000 shares issued and outstanding, respectively 80,025 74,250
Additional paid-in capital 380,435 97,460
Stock subscription receivable (118,750) 0
Non-controlling interest (285,032) (142,238)
Accumulated other comprehensive income (loss) 30,816 (10,485)
Deficit accumulated during the development stage (562,660) (380,901)
Total Stockholders' Deficit (475,166) (361,914)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 434,952 $ 14,223
XML 14 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT (USD $)
Common Stock Shares
Common Stock Amount
USD ($)
Additional Paid In Capital
USD ($)
Stock Subscription Receivable
USD ($)
Non-Controlling Interest
USD ($)
Accumulated Other Comprehensive Income (Loss)
USD ($)
Deficit Accumulated During the Development Stage
USD ($)
Total.
USD ($)
Balance at Apr. 21, 2010 0 0 0 0 0 0 0 0
Shares issued to founder for cash 60,000,000 60,000 0 0 0 0 0 60,000
Shares issued for cash at $0.0015 per share 3,712,500 3,713 1,856 0 0 0 0 5,569
Shares issued for cash at $0.002 per share 5,000,000 5,000 5,000 0 0 0 0 10,000
Shares issued for cash at $0.0025 per share 3,700,000 3,700 5,550 0 0 0 0 9,250
Shares issued for cash at $0.00275 per share 1,287,500 1,287 2,254 0 0 0 0 3,541
Shares issued for cash at $0.003 per share 450,000 450 900 0 0 0 0 1,350
Deemed dividend created by acquisition of 51% of entity under common control   $ 0 $ 0 $ 0 $ 0 $ 0 $ (85,200) $ (85,200)
Net loss for the year ended June 30, 2010   0 0 0 (637) 6,010 (6,627) (1,254)
Balance at Jun. 30, 2010 74,150,000 74,150 15,560 0 (637) 6,010 (91,827) 3,256
Debt forgiven shareholder   0 50,000 0 0 0 0 50,000
Shares issued for services 100,000 100 31,900 0 0 0 0 32,000
Net loss for the year ended June 30, 2011   0 0 0 (141,601) (16,495) (289,074) (447,170)
Balance at Jun. 30, 2011 74,250,000 74,250 97,460 0 (142,238) (10,485) (380,901) (361,914)
Warrants exercised for cash or notes at $0.05 per share 5,775,000 5,775 282,975 (118,750) 0 0 0 170,000
Acquisition of 51% of entity   0 0 0 2,206 0 0 2,206
Net loss for the nine months ended March 31, 2012   $ 0 $ 0 $ 0 $ (145,000) $ 41,301 $ (181,759) $ (285,458)
Balance at Mar. 31, 2012 80,025,000 80,025 380,435 (118,750) (285,032) 30,816 (562,660) (475,166)
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XML 16 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)
9 Months Ended 23 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss for the period $ (181,759) $ (156,618) $ (445,460)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:      
Deposit impairment. 0 0 50,000
Depreciation 364 0 364
Loss attributable to non-controlling interest (145,000) (117,028) (287,238)
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable (33,957) 0 (33,957)
(Increase) decrease in prepaid expenses 0 23,349 0
Increase (decrease) in accounts payable and accrued expenses 9,764 1,454 57,579
Net Cash Used by Operating Activities (350,588) (248,843) (658,712)
CASH FLOWS FROM INVESTING ACTIVITIES      
Cash paid for acquisition of furniture and fixtures (29,642) 0 (29,642)
Cash paid for deposit 0 (50,000) (50,000)
Notes receivable extended (3,591) 0 (3,591)
Cash paid for acquisition of 51% interest in Moxisign 0 0 (3,643)
Net Cash Used by Investing Activities (33,233) (50,000) (86,876)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from sales of common stock 0 0 89,710
Non-controlling interest in Vantage Health Tanzania 2,206 0 2,206
Proceeds from exercise of stock warrants 170,000 0 170,000
Proceeds from notes payable - related parties 524,217 213,827 824,482
Payments on notes payable - related parties 0 0 (3,500)
Net Cash Provided by (Used by) Financing Activities 696,423 213,827 1,082,898
Effect of exchange rate changes on cash 41,301 (17,833) 30,816
NET INCREASE (DECREASE) IN CASH 353,903 (102,849) 368,126
Cash, beginning of period 14,223 121,034  
Cash, end of period 368,126 18,185 368,126
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for interest 0 0 0
Cash paid for income taxes 0 0 0
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING INFORMATION:      
Deemed dividend related to acquisition of subsidiary 0 0 85,200
Exercise of stock warrants for stock subscription receivable $ 268,750 $ 0 $ 268,750
XML 17 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS PARENTHETICALS (unaudited) (USD $)
Mar. 31, 2012
Jun. 30, 2011
Common Stock, par value $ 0.001 $ 0.001
Common Stock, shares authorized 250,000,000 250,000,000
Common Stock, shares issued 80,025,000 74,250,000
Common Stock, shares outstanding 80,025,000 74,250,000
XML 18 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUBSEQUENT EVENTS
9 Months Ended
Mar. 31, 2012
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS
NOTE 10 - SUBSEQUENT EVENTS
 
On April 14, 2012, Dr. Lisa Ramakrishnan reclaimed her role as CEO following the
mutually agreed upon termination of Mr. John Harris, the previous CEO.
 
On October 24, 2011, Vantage Health Tanzania Ltd was awarded and subsequently
accepted a contract from the University of Dar es Salaam to supply medical
supplies and goods with a total contract value of $850,000. This contract is to
be carried out over a period beginning November 1, 2011 and ending September 30,
2012. Vantage Health Tanzania Ltd has already begun fulfilling this contract and
is recognizing revenues from this contract.
 
Vantage Health's South African subsidiary, Moxisign (Pty) Ltd., is in the final
stages of entering into a 5 year contract with a health and beauty focused
retail and supply group with over 590 stores across southern Africa. This
contact is expected to generate approximately $10,000,000 in gross revenue for
that entity. This contract is not yet finalized.
 
Management has evaluated subsequent events through the date on which the
financial statements were issued, and has determined it does not have any
material subsequent events to disclose other than those mentioned above.
XML 19 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
9 Months Ended
Mar. 31, 2012
May 15, 2012
Document and Entity Information    
Entity Registrant Name Vantage Health  
Document Type 10-Q  
Document Period End Date Mar. 31, 2012  
Amendment Flag false  
Entity Central Index Key 0001497130  
Current Fiscal Year End Date --06-30  
Entity Common Stock, Shares Outstanding   80,025,000
Entity Filer Category Smaller Reporting Company  
Entity Current Reporting Status Yes  
Entity Voluntary Filers No  
Entity Well-known Seasoned Issuer No  
Document Fiscal Year Focus 2012  
Document Fiscal Period Focus Q3  
XML 20 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)
3 Months Ended 9 Months Ended 23 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
REVENUES $ 32,397 $ 0 $ 68,772 $ 0 $ 68,772
COST OF GOODS SOLD          
Medical goods 36,524 0 72,176 0 72,176
GROSS PROFIT (LOSS) (4,127) 0 (3,404) 0 (3,404)
OPERATING EXPENSES          
Professional fees 6,495 5,065 17,216 18,386 51,607
Office expenses 54,535 6,444 175,414 9,920 203,548
Officer/director compensation 0 0 3,500 0 10,500
Stock based compensation 0 0 0 0 32,000
Consulting 22,089 64,483 49,101 200,088 262,072
Deposit impairment 0 0 0 0 50,000
Travel and entertainment 8,785 18,894 76,801 44,221 148,259
Bank fees 191 300 1,323 1,099 3,379
TOTAL OPERATING EXPENSES 92,095 95,186 323,355 273,714 761,365
LOSS FROM OPERATIONS (96,222) (95,186) (326,759) (273,714) (764,769)
OTHER INCOME (EXPENSE)          
Interest income 0 0 0 68 69
TOTAL OTHER INCOME (EXPENSE) 0 0 0 68 69
LOSS BEFORE NON-CONTROLLING INTEREST (96,222) (95,186) (326,759) (273,646) (764,700)
LESS: LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST 40,973 41,817 145,000 117,028 287,238
LOSS BEFORE PROVISION FOR INCOME TAXES (55,249) (53,369) (181,759) (156,618) (477,462)
PROVISION FOR INCOME TAXES 0 0 0 0 0
NET LOSS $ (55,249) $ (53,369) $ (181,759) $ (156,618) $ (477,462)
LOSS PER SHARE: BASIC AND DILUTED $ 0.00 $ 0.00 $ 0.00 $ 0.00  
WEIGHTED AVERAGE COMMON SHARES OUTSANDING:          
BASIC AND DILUTED 80,025,000 74,150,000 78,859,149 74,150,000  
XML 21 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
STOCK WARRANTS
9 Months Ended
Mar. 31, 2012
STOCK WARRANTS  
STOCK WARRANTS
NOTE 5 - STOCK WARRANTS
 
The Company issued 7,859,375 stock warrants in connection with the issuance of
common stock. The Company has accounted for these warrants as equity instruments
in accordance with EITF 00-19 (ASC 815-40), Accounting for Derivative Financial
Instruments Indexed to, and Potentially Settled in, a Company's Own Stock, and
as such, will be classified in stockholders' equity as they meet the definition
of "...indexed to the issuer's stock" in EITF 01-06 (ASC 815-40) The Meaning of
Indexed to a Company's Own Stock. The Company has estimated the fair value of
the warrants issued in connection with the private placement at $13 as of the
grant dates using the Black-Scholes option pricing model. Each common stock
purchase warrant has an exercise price of $3.00 and will expire 36 months from
the effective date of the S-1. The Company has the right to call the common
stock purchase warrants within ten days written notice if the Company's common
stock is trading at or above $3.00 per share and has average daily trading
volume of 200,000 shares of twenty consecutive days. No adjustment was made to
the financial statements due to materiality.
 
On August 4, 2011 the exercise price for all the outstanding warrants was
revised from $3.00 to $0.05 per share. The warrants were revalued on that date
at $1,611,135. The stock and warrants were originally sold for total value of
$13,541. As the value of the warrants cannot exceed the total value of the
equity sale, no further adjustments are necessary.
 
During the quarter ended September 30, 2011 warrants were exercised for
5,775,000 common shares of stock, for $20,000 in cash and notes receivable
totaling $268,750. There are 2,084,375 stock warrants remaining as of September
30, 2011.
 
Key assumptions used by the Company are summarized as follows at the original
grant date and the date of revision:
 
                                             August 4, 2011       June 30, 2010
                                             --------------       -------------
Stock price                                       $0.25              $0.00275
Exercise price                                    $0.05              $   3.00
Expected volatility                                  86%                  105%
Expected dividend yield                            0.00%                 0.00%
Risk-free rate over the estimated
 expected life of the warrants                     0.27%                 0.84%
Expected term (in years)                           1.92                     3
XML 22 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
COMMON STOCK
9 Months Ended
Mar. 31, 2012
COMMON STOCK  
COMMON STOCK
NOTE 4 - COMMON STOCK
 
The Company has 250,000,000 shares of $0.001 par value common stock.
 
During the period ended June 30, 2010 the Company issued 74,150,000 shares of
common stock ranging from $0.001 to $0.003 per share. Vantage received total
proceeds of $89,710.
 
During the year ended June 30, 2011, a shareholder forgave loans totaling
$50,000 which have been recorded as contributed capital.
 
On June 30, 2011 a director of the company was issued 100,000 shares of
restricted common stock valued at $32,000 for services rendered.
 
During the quarter ended September 30, 2011 warrants were exercised for
5,775,000 common shares of stock, for $20,000 in cash and notes receivable
totaling $268,750.
 
During the quarter ended March 31, 2012 subscriptions receivable were collected
in the amount of $150,000.
 
There are 80,025,000 shares issued and outstanding as of March 31, 2012.
XML 23 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
LIQUIDITY AND GOING CONCERN
9 Months Ended
Mar. 31, 2012
LIQUIDITY AND GOING CONCERN  
LIQUIDITY AND GOING CONCERN
NOTE 8 - LIQUIDITY AND GOING CONCERN
 
The Company has limited working capital, has incurred losses since inception,
and has not yet received material revenues from sales of products or services.
These factors create substantial doubt about the Company's ability to continue
as a going concern. The financial statements do not include any adjustment that
might be necessary if the Company is unable to continue as a going concern.
 
The ability of Vantage Health to continue as a going concern is dependent on the
Company generating cash from the sale of its common stock and/or obtaining debt
financing and attaining future profitable operations. Management's plans include
selling its equity securities and obtaining debt financing to fund its capital
requirement and ongoing operations; however, there can be no assurance the
Company will be successful in these efforts.
XML 24 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
NON-CONTROLLING INTEREST
9 Months Ended
Mar. 31, 2012
NON-CONTROLLING INTEREST  
NON-CONTROLLING INTEREST
NOTE 6 - NON-CONTROLLING INTEREST
 
On June 14, 2010, Vantage acquired 51% of an entity under common control for
cash totaling $3,643. For purposes of these financial statements, the subsidiary
has been consolidated via the acquisition method. We have recorded a deemed
dividend of $85,200 since the book value of Moxisign's liabilities exceeded the
book value of its assets. The assets and liabilities of Moxisign have been
recorded at amounts equal to the carrying value on Moxisign's books as per ASC
805-020. At the acquisition date, Moxisign had current assets of $27,751,
current liabilities of $1,928 and long-term liabilities of $102,669.
 
On June 1, 2011, Vantage acquired 51% of a newly established entity for a note
totaling $2,295. For purposes of these financial statements, the subsidiary has
been consolidated via the acquisition method. The assets and liabilities of
Vantage Tanzania Limited have been recorded at amounts equal to the carrying
value on Vantage Tanzania Limited's books as per ASC 805-020. At the acquisition
date, Vantage Tanzania Limited had current assets of $0, current liabilities of
$0 and long-term liabilities of $0.
XML 25 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
COMMITMENTS
9 Months Ended
Mar. 31, 2012
COMMITMENTS  
COMMITMENTS
NOTE 7 - COMMITMENTS
 
Vantage Health neither owns nor leases any real or personal property. An officer
has provided office services without charge. There is no obligation for the
officer to continue this arrangement. Such costs are immaterial to the financial
statements and accordingly are not reflected herein. The officers and directors
are involved in other business activities and most likely will become involved
in other business activities in the future.
XML 26 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
INCOME TAXES
9 Months Ended
Mar. 31, 2012
INCOME TAXES  
INCOME TAXES
NOTE 9 - INCOME TAXES
 
For the nine months ended March 31, 2012, Vantage Health has incurred a net loss
before minority interest of approximately $314,364 and, therefore, has no tax
liability. The net deferred tax asset generated by the loss carry-forward has
been fully reserved. The cumulative net operating loss carry-forward is
approximately $471,000 at March 31, 2012, and will expire beginning in the year
2030. The provision for Federal income tax consists of the following for the
three months ended March 31, 2012 and 2011:
 
                                               March 31, 2012     March 31, 2011
                                               --------------     --------------
Federal income tax benefit attributable to:
  Current operations                              $ 18,785           $ 19,799
  Less: valuation allowance                        (18,785)           (19,799)
                                                  --------           --------
Net provision for Federal income taxes            $      0           $      0
                                                  ========           ========
 
The cumulative tax effect at the expected rate of 34% of significant items
comprising our net deferred tax amount is as follows:
 
                                               March 31, 2012      June 30, 2011
                                               --------------      -------------
Deferred tax asset attributable to:
  Net operating loss carryover                    $ 160,140          $  89,651
  Valuation allowance                              (160,140)           (89,651)
                                                  ---------          ---------
Net deferred tax asset                            $       0          $       0
                                                  =========          =========
XML 27 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME (LOSS) (unaudited) (USD $)
3 Months Ended 9 Months Ended 23 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Net Loss $ (55,249) $ (53,369) $ (181,759) $ (156,618) $ (477,462)
Foreign Currency Translation:          
Change in cumulative translation adjustment (20,601) 5,608 41,301 (17,431) 30,816
Income tax benefit (expense) 0 0 0 0 0
Total $ (20,601) $ 5,608 $ 41,301 $ (17,431) $ 30,816
XML 28 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
SHAREHOLDER LOANS
9 Months Ended
Mar. 31, 2012
SHAREHOLDER LOANS  
SHAREHOLDER LOANS
NOTE 3 - SHAREHOLDER LOANS
 
During the period ended June 30, 2010 the company received loans from two
shareholders for $100,699, $30,000 and $3,500. The loans are non-interest
bearing, unsecured and are due on July 13, 2013.
 
During the year ended June 30, 2011, the $3,500 loan was repaid in full.
 
An additional $247,623 was loaned from a shareholder during the year ended June
30, 2011.
 
During the year ended June 30, 2011, a shareholder forgave loans totaling
$50,000 which have been recorded as contributed capital.
 
The total amount due to the shareholders was $852,539 and $328,322 as of March
31, 2012 and June 30, 2011, respectively.
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