Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Dec. 31, 2014 | Feb. 10, 2015 | |
Document And Entity Information | ||
Entity Registrant Name | BEAR LAKE RECREATION INC | |
Entity Central Index Key | 1074871 | |
Document Type | 10-Q | |
Document Period End Date | 31-Dec-14 | |
Amendment Flag | FALSE | |
Current Fiscal Year End Date | -24 | |
Is Entity a Well-known Seasoned Issuer? | No | |
Is Entity a Voluntary Filer? | No | |
Is Entity's Reporting Status Current? | Yes | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 1,249,816 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2015 |
Condensed_Balance_Sheets_Unaud
Condensed Balance Sheets (Unaudited) (USD $) | Dec. 31, 2014 | Jun. 30, 2014 |
ASSETS | ||
Prepaid Expenses | $6,250 | $0 |
Total Current Assets | 6,250 | 0 |
Total Assets | 6,250 | 0 |
Current Liabilities | ||
Accounts Payable | 0 | 1,550 |
Related Party Payable | 116,445 | 100,264 |
Accrued Interest - Related Parties | 36,881 | 29,871 |
Total Current Liabilities | 153,326 | 131,685 |
Total Liabilities | 153,326 | 131,685 |
Stockholders' Deficit | ||
Preferred Stock | 0 | 0 |
Capital Stock | 1,250 | 1,250 |
Additional Paid-in Capital | 82,828 | 82,828 |
Accumulated Deficit | -231,154 | -215,763 |
Total Stockholders' Deficit | -147,076 | -131,685 |
Total Liabilities and Stockholders' Deficit | $6,250 | $0 |
Condensed_Balance_Sheets_Paren
Condensed Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2014 | Jun. 30, 2014 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value per share in dollars | $0.00 | $0.00 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Capital stock, par value in dollars | $0.00 | $0.00 |
Capital stock, shares authorized | 50,000,000 | 50,000,000 |
Capital stock, shares issued | 1,249,816 | 1,249,816 |
Capital stock, shares outstanding | 1,249,816 | 1,249,816 |
Condensed_Statements_of_Operat
Condensed Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | |
Income Statement [Abstract] | ||||
Revenues | $0 | $0 | $0 | $0 |
Cost of Goods Sold | 0 | 0 | 0 | 0 |
Gross Profit | 0 | 0 | 0 | 0 |
General and Administrative Expenses | 3,857 | 2,475 | 8,381 | 6,880 |
Net Loss from Operations | -3,857 | -2,475 | -8,381 | -6,880 |
Other Income (Expense) | ||||
Related party interest expense | -3,676 | -2,982 | -7,010 | -5,787 |
Total Other Income (Expense) | -3,676 | -2,982 | -7,010 | -5,787 |
Net Loss Before Taxes | -7,533 | -5,457 | -15,391 | -12,667 |
Provision for Income Taxes | 0 | 0 | 0 | 0 |
Net Loss | ($7,533) | ($5,457) | ($15,391) | ($12,667) |
Loss Per Share - Basic and Diluted | ($0.01) | ($0.01) | ($0.01) | ($0.01) |
Weighted Average Shares Outstanding - Basic and Diluted | 1,249,816 | 1,249,816 | 1,249,816 | 1,249,816 |
Condensed_Statements_of_Cash_F
Condensed Statements of Cash Flows (Unaudited) (USD $) | 6 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Cash Flows From Operating Activities | ||
Net Loss | ($15,391) | ($12,667) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||
(Increase)/Decrease - Prepaid Expense | -6,250 | 0 |
Increase/(Decrease) - Accounts Payable | -1,550 | 0 |
Increase/(Decrease) - Related Party Payables | 16,181 | 6,880 |
Increase in related party accrued interest | 7,010 | 5,787 |
Net Cash From Operating Activities | 0 | 0 |
Cash Flows From Investing Activities | ||
Net Cash From Investing Activities | 0 | 0 |
Cash Flows from Financing Activities | ||
Net Cash From Financing Activities | 0 | 0 |
Net Change In Cash | 0 | 0 |
Beginning Cash Balance | 0 | 0 |
Ending Cash Balance | 0 | 0 |
Supplemental Disclosure of Cash Flow Information: | ||
Cash paid during the year for interest | 0 | 0 |
Cash paid during the year for income taxes | $0 | $0 |
Basis_of_Presentation
Basis of Presentation | 6 Months Ended |
Dec. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | NOTE 1 BASIS OF PRESENTATION |
The accompanying condensed financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The interim financial statements reflect all adjustments, consisting of normal recurring adjustments which, in the opinion of management, are necessary to present a fair statement of the results for the period. | |
Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2014. The results of operations for the period ended December 31, 2014, are not necessarily indicative of the operating results for the full year. |
Going_Concern
Going Concern | 6 Months Ended |
Dec. 31, 2014 | |
Going Concern | |
Going Concern | NOTE 2 GOING CONCERN |
The Company does have minimal assets, has no established operations, and has accumulated losses since inception. These factors raise substantial doubt about the Company’s ability to continue as a going concern. It is the intent of the Company to seek a merger with an existing, well-capitalized operating company. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. | |
Related_Party_Transactions
Related Party Transactions | 6 Months Ended |
Dec. 31, 2014 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 3 RELATED PARTY TRANSACTIONS |
The Company had expenses and payables paid in its behalf by a shareholder in the amount of $14,207 during the quarter. The balance due the shareholder is $116,445 as of December 31, 2014. The aggregate amount of related party loans is non-interest bearing, unsecured and payable on demand. However, the Company imputes interest on the loan at 10% per annum. Imputed interest expense on related party loans for the three-month periods ended December 31, 2014 and 2013 totaled $3,676 and $2,982, respectively. | |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 6 Months Ended |
Dec. 31, 2014 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Recent Accounting Pronouncements | NOTE 4 RECENT ACCOUNTING PRONOUNCEMENTS |
In June 2014, the FASB issued Accounting Standards Update No. 2014-10 (“ASU No. 2014-10”), which eliminated the definition of a Development Stage Entity and the related reporting requirements. ASU No. 2014-10 is effective for annual reporting periods beginning after December 15, 2014, with early adoption allowed. The Company chose to adopt ASU No. 2014-10 early, effective in the interim financial statements for the period ended September 30, 2014. | |
The Company has reviewed all other recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its financial statements. |
Accounting_Policies_Policies
Accounting Policies (Policies) | 6 Months Ended |
Dec. 31, 2014 | |
Accounting Policies [Abstract] | |
Basis of Presentation | The accompanying condensed financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The interim financial statements reflect all adjustments, consisting of normal recurring adjustments which, in the opinion of management, are necessary to present a fair statement of the results for the period. |
Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2014. The results of operations for the period ended December 31, 2014, are not necessarily indicative of the operating results for the full year. | |
Recent Accounting Pronouncements | In June 2014, the FASB issued Accounting Standards Update No. 2014-10 (“ASU No. 2014-10”), which eliminated the definition of a Development Stage Entity and the related reporting requirements. ASU No. 2014-10 is effective for annual reporting periods beginning after December 15, 2014, with early adoption allowed. The Company chose to adopt ASU No. 2014-10 early, effective in the interim financial statements for the period ended September 30, 2014. |
Related_Party_Transactions_Det
Related Party Transactions (Details Narrative) (USD $) | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | |
Related Party Transactions [Abstract] | |||||
Increase in related party, payables | $14,207 | $16,181 | $6,880 | ||
Related party payable | 116,445 | 116,445 | 100,264 | ||
Related party loan, imputed interest rate | 10.00% | ||||
Related party, interest expense | $3,676 | $2,982 | $7,010 | $5,787 |