Yummies (YUMM) 10-Q 6 Aug 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jun. 30, 2014	Aug. 01, 2014
Document and Entity Information	'	'
Entity Registrant Name	'YUMMIES INC	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Entity Central Index Key	'0001073748	'
Current Fiscal Year End Date	'--09-30	'
Entity Common Stock, Shares Outstanding	'	2,505,000
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	'2014	'
Document Fiscal Period Focus	'Q3	'
Entity Incorporation, State Country Name	'Nevada	'
Entity Incorporation, Date of Incorporation	10-Jun-98	'

Balance_Sheets

Balance Sheets (USD $)	Jun. 30, 2014	Sep. 30, 2013
Current Assets:	'	'
Cash	$494	$565
Total current assets	494	565
Total Assets	494	565
Current Liabilities:	'	'
Accounts payable	5,970	5,250
Interest payable	1,987	1,760
Interest payable, stockholder	10,596	9,090
Notes payable	3,774	3,774
Notes payable, stockholders	25,100	25,100
Total current liabilities	47,427	44,974
Stockholders' Equity:	'	'
Common stock, $.001 par value 50,000,000 shares authorized, 2,505,000 issued and outstanding	2,505	2,505
Additional paid-in capital	38,277	30,787
Deficit accumulated during the development stage	-87,715	-77,701
Total stockholders' equity	-46,933	-44,409
Total Liabilities and Stockholders' Equity	$494	$565

Balance_Sheet_Parenthetical

Balance Sheet Parenthetical (USD $)	Jun. 30, 2014	Sep. 30, 2013
Balance Sheets	'	'
Common stock par value	$0.00	$0.00
Common stock shares authorized	50,000,000	50,000,000
Common stock shares issued	2,505,000	2,505,000
Common stock shares outstanding	2,505,000	2,505,000

Statements_of_Operations

Statements of Operations (USD $)	3 Months Ended		9 Months Ended		193 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
Statements of Operations	'	'	'	'	'
Revenues	'	'	'	'	'
Expenses, general and administrative	1,744	2,819	8,282	8,317	75,132
Operating loss	-1,744	-2,819	-8,282	-8,317	-75,132
Interest expense	-578	-578	-1,733	-1,733	-12,583
Net loss	($2,322)	($3,397)	($10,015)	($10,050)	($87,715)
Net loss per share	'	'	'	'	($0.04)
Weighted average shares outstanding	2,505,000	2,505,000	2,505,000	2,505,000	2,462,798

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	9 Months Ended		193 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
Cash flows from operating activities:	'	'	'
Net loss	($10,015)	($10,050)	($87,715)
Adjustments to reconcile net loss to cash provided by operating activities:	'	'	'
Expenses paid directly by shareholder	7,490	7,845	27,752
Increase (decrease) in accounts payable and interest payable	2,454	2,133	18,553
Accounts payable converted into note payable	'	'	7,875
Net cash used by operating activities	-71	-72	-33,535
Cash flows from investing activities:	'	'	'
Cash flows from investing activities:	'	'	'
Cash flows from financing activities:	'	'	'
Cash contributed by shareholder	'	'	1,000
Issuance of common stock	'	'	12,029
Proceeds from note payable	'	'	21,000
Net cash provided by financing activities	'	'	34,029
Net increase (decrease) in cash	-71	-72	494
Cash, beginning of period	565	662	'
Cash, end of period	494	590	494
Interest paid	'	'	'
Income taxes paid	'	'	'

1_Summary_of_Business_and_Sign

1. Summary of Business and Significant Accounting Policies	3 Months Ended
	Jun. 30, 2014
Notes	'
1. Summary of Business and Significant Accounting Policies	'
	1.   Summary of Business and Significant Accounting Policies
	a.   Summary of Business
	The Company was incorporated under the laws of the State of Nevada on June 10, 1998.  The Company was formed to pursue business opportunities.  The Company has not commenced principal operations and is considered a "Development Stage Company" as defined by FASB ASC 915 (formerly Statement of Financial Accounting Standards (SFAS) No. 7).
	b.   Basis of Presentation
	The accompanying financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) as promulgated in the United States of America.
	In July 2009, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Codification (“ASC”) 105-10, formerly Statement of Financial Accounting Standards (“SFAS”) No. 168, The FASB Accounting Standards Codification and Hierarchy of Generally Accepted Accounting Principles, which became the single source of authoritative GAAP recognized by the FASB. ASC 105-10 does not change current U.S. GAAP, but on the effective date, the FASB ASC superseded all then existing non-SEC accounting and reporting standards.
	The Company adopted ASC 105-10 during the year ended September 30, 2010 and revised its referencing of GAAP accounting standards in these financial statements to reflect the new standards.
	c.   Cash Flows
	For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with a maturity of three months or less to be cash or cash equivalents.
	d.   Net Loss Per Share
	The net loss per share calculation is based on the weighted average number of shares outstanding during the period.
	e.   Use of Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures.  Accordingly, actual results could differ from those estimates.
	f.    Fair Value of Financial Instruments
	ASC 820-10 (formerly SFAS No. 157, Fair Value Measurements) requires entities to disclose the fair value of financial instruments, both assets and liabilities recognized and not recognized on the balance sheet, for which it is practicable to estimate fair value. ASC 820-10 defines the fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. As of June 30, 2014 and September 30, 2013, the carrying value of certain financial instruments approximates fair value due to the short-term nature of such instruments.

2_Notes_Payable

2. Notes Payable	3 Months Ended
	Jun. 30, 2014
Notes	'
2. Notes Payable	'
	2.   Notes Payable
	On January 10, 2007, and May 22, 2009 the Company converted $2,105 and $1,669 of accounts payable from its transfer agent into one-year notes payable.  The note balance of $3,774 at June 30, 2014 and September 30, 2013 bears interest at 8% and both principal and accrued interest is convertible into common stock at $.025 per share. The first note payable was due on January 10, 2008. The second note payable was due on May 22, 2010.

3_Notes_Payable_Stockholders

3. Notes Payable, Stockholders	3 Months Ended
	Jun. 30, 2014
Notes	'
3. Notes Payable, Stockholders	'
	3.   Notes Payable, Stockholders
	Stockholder notes payable consist of the following at June 30, 2014 and September 30, 2013:
			June 30,		September 30,
			2014		2013
	Note payable to an individual, also a stockholder of the Company, interest is being charged at 8%, the note is unsecured and due on February 9, 2008. The note principal and accrued interest is convertible into common stock at $.025 per share	$	6,000	$	6,000
	Notes payable to an individual also a stockholder and director of the Company, interest is being charged at 8%, the notes are unsecured and all are due one year from issuance.  The notes principal and accrued interest are convertible into  common stock at $.025 per share		19,100		19,100
		$	25,100	$	25,100

4_Issuance_of_Common_Stock

4. Issuance of Common Stock	3 Months Ended
	Jun. 30, 2014
Notes	'
4. Issuance of Common Stock	'
	4.   Issuance of Common Stock
	On August 13, 1998, the Company issued 1,000,000 shares of its $.001 par value common stock for an aggregate price of $1,000.
	In February 1999, pursuant to Rule 504 of Regulation D of the Securities and Exchange Commission, the Company sold 17,500 shares of its common stock at a price of $1.00 per share. Costs of $6,471 associated directly with the offering were offset against the proceeds.
	On December 15, 2000, an officer and stockholder of the Company returned 600,000 shares of common stock to authorized but unissued shares.
	On February 5, 2001, the Company authorized a 6 for 1 forward split of its common shares. The forward split has been retroactively applied in the accompanying financial statements.

5_Warrants_and_Options

5. Warrants and Options	3 Months Ended
	Jun. 30, 2014
Notes	'
5. Warrants and Options	'
	5.   Warrants and Options
	No options or warrants are outstanding to acquire the Company's common stock.

6_Income_Taxes

6. Income Taxes	3 Months Ended
	Jun. 30, 2014
Notes	'
6. Income Taxes	'
	6.   Income Taxes
	The Company has had no taxable income under Federal or State tax laws. The Company has loss carryforwards totaling $77,701 that may be offset against future federal income taxes. If not used, the carryforwards will expire between 2021 and 2033. Due to the Company being in the development stage and incurring net operating losses, a valuation allowance has been provided to reduce the deferred tax assets from the net operating losses to zero. Therefore, there are no tax benefits recognized in the accompanying statement of operations.

7_Going_Concern

7. Going Concern	3 Months Ended
	Jun. 30, 2014
Notes	'
7. Going Concern	'
	7.      Going Concern
	As shown in the accompanying financial statements, the Company incurred a net loss of $10,015 during the nine months ended June 30, 2014 and accumulated losses of $87,715 since inception at June 10, 1998. The Company’s current liabilities exceed its current assets by $46,933 at June 30, 2014. These factors create an uncertainty as to the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon the success of raising additional capital through the issuance of common stock and the ability to generate sufficient operating revenue. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern.

1_Summary_of_Business_and_Sign1

1. Summary of Business and Significant Accounting Policies: B. Basis of Presentation (Policies)	3 Months Ended
	Jun. 30, 2014
Policies	'
B. Basis of Presentation	'
	b.   Basis of Presentation
	The accompanying financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) as promulgated in the United States of America.
	In July 2009, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Codification (“ASC”) 105-10, formerly Statement of Financial Accounting Standards (“SFAS”) No. 168, The FASB Accounting Standards Codification and Hierarchy of Generally Accepted Accounting Principles, which became the single source of authoritative GAAP recognized by the FASB. ASC 105-10 does not change current U.S. GAAP, but on the effective date, the FASB ASC superseded all then existing non-SEC accounting and reporting standards.
	The Company adopted ASC 105-10 during the year ended September 30, 2010 and revised its referencing of GAAP accounting standards in these financial statements to reflect the new standards.

1_Summary_of_Business_and_Sign2

1. Summary of Business and Significant Accounting Policies: C. Cash Flows (Policies)	3 Months Ended
	Jun. 30, 2014
Policies	'
C. Cash Flows	'
	c.   Cash Flows
	For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with a maturity of three months or less to be cash or cash equivalents.

1_Summary_of_Business_and_Sign3

1. Summary of Business and Significant Accounting Policies: D. Net Loss Per Share (Policies)	3 Months Ended
	Jun. 30, 2014
Policies	'
D. Net Loss Per Share	'
	d.   Net Loss Per Share
	The net loss per share calculation is based on the weighted average number of shares outstanding during the period.

1_Summary_of_Business_and_Sign4

1. Summary of Business and Significant Accounting Policies: E. Use of Estimates (Policies)	3 Months Ended
	Jun. 30, 2014
Policies	'
E. Use of Estimates	'
	e.   Use of Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures.  Accordingly, actual results could differ from those estimates.

1_Summary_of_Business_and_Sign5

1. Summary of Business and Significant Accounting Policies: F. Fair Value of Financial Instruments (Policies)	3 Months Ended
	Jun. 30, 2014
Policies	'
F. Fair Value of Financial Instruments	'
	f.    Fair Value of Financial Instruments
	ASC 820-10 (formerly SFAS No. 157, Fair Value Measurements) requires entities to disclose the fair value of financial instruments, both assets and liabilities recognized and not recognized on the balance sheet, for which it is practicable to estimate fair value. ASC 820-10 defines the fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. As of June 30, 2014 and September 30, 2013, the carrying value of certain financial instruments approximates fair value due to the short-term nature of such instruments.

3_Notes_Payable_Stockholders_S

3. Notes Payable, Stockholders: Schedule Of Stockholders Notes Payable (Tables)	3 Months Ended
	Jun. 30, 2014
Tables/Schedules	'
Schedule Of Stockholders Notes Payable	'
			June 30,		September 30,
			2014		2013
	Note payable to an individual, also a stockholder of the Company, interest is being charged at 8%, the note is unsecured and due on February 9, 2008. The note principal and accrued interest is convertible into common stock at $.025 per share	$	6,000	$	6,000
	Notes payable to an individual also a stockholder and director of the Company, interest is being charged at 8%, the notes are unsecured and all are due one year from issuance.  The notes principal and accrued interest are convertible into  common stock at $.025 per share		19,100		19,100
		$	25,100	$	25,100

1_Summary_of_Business_and_Sign6

1. Summary of Business and Significant Accounting Policies (Details)	3 Months Ended
	Jun. 30, 2014
Details	'
Entity Incorporation, State Country Name	'Nevada
Entity Incorporation, Date of Incorporation	10-Jun-98

2_Notes_Payable_Details

2. Notes Payable (Details) (USD $)	Jun. 30, 2014		Sep. 30, 2013		22-May-09		Jan. 10, 2007
Details	'		'		'		'
Accounts payable converted to note payable	$3,774	[1]	$3,774	[1]	$1,669	[1]	$2,105	[1]
[1]	8% Interest. Convertible into common stock at $.025 per share.

3_Notes_Payable_Stockholders_S1

3. Notes Payable, Stockholders: Schedule Of Stockholders Notes Payable (Details) (USD $)	Jun. 30, 2014		Sep. 30, 2013
Details	'		'
Note payable to an individual, also a stockholder of the Company	$6,000	[1]	$6,000	[1]
Notes payable to an individual also a stockholder and director	19,100	[1]	19,100	[1]
Notes payable, stockholders	$25,100		$25,100
[1]	8% interest. Convertible into common stock at $.025 per share.

4_Issuance_of_Common_Stock_Det

4. Issuance of Common Stock (Details) (USD $)	1 Months Ended
	Feb. 28, 1999	Dec. 15, 2000	Aug. 13, 1998
Details	'	'	'
Common stock issue for cash at $.001/share on August 13, 1998 - shares	'	'	1,000,000
Common Stock Issue For Cash On August 13 1998 PerShare	'	'	$0.00
Common stock issue for cash at $.001/share on August 13, 1998	'	'	$1,000
Common stock issued for cash in February 1999 net of offering costs of $6,471 - shares	17,500	'	'
Sale of Stock, Price Per Share	$1	'	'
Payments of Stock Issuance Costs	$6,471	'	'
Common Stock Returned	'	600,000	'

6_Income_Taxes_Details

6. Income Taxes (Details) (USD $)	Jun. 30, 2014
Details	'
Operating Loss Carryforward	$77,701

7_Going_Concern_Details

7. Going Concern (Details) (USD $)	3 Months Ended		9 Months Ended		193 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Sep. 30, 2013
Details	'	'	'	'	'	'
Net loss	$2,322	$3,397	$10,015	$10,050	$87,715	'
Deficit accumulated during the development stage	87,715	'	87,715	'	87,715	77,701
Total stockholders' equity	$46,933	'	$46,933	'	$46,933	$44,409