Emav (RVNW) 10-Q 15 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	14-May-14
Document and Entity Information:	'	'
Entity Registrant Name	'EMAV HOLDINGS, INC.	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Entity Central Index Key	'0001076744	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	51,544,565
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	'Q1	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
Current Assets:	'	'
Cash and cash equivalents	$40,276	$125,450
Total Current Assets	40,276	125,450
Property and equipment, net	38,274	2,289
Total Assets	78,550	127,739
Current liabilities:	'	'
Accounts payable	12,000	14,000
Accrued liabilities	3,112	2,192
Deposit for future issuance of stock	'	30,000
Note payable, current portion, net of debt discount of $16,364, both at March 31, 2014 and December 31, 2013, respectively	33,687	25,419
Total Current Liabilities	48,799	71,611
Note payable, net of current portion, net of debt discount of $4,091 at December 31, 2013	'	4,177
Total Liabilities	48,799	75,788
Commitments and contingencies (Note 6)	'	'
Stockholders' Equity	'	'
Common stock, $0.001 par value, 100,000,000 shares authorized, 51,409,565 shares and 51,002,565 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	51,410	51,003
Additional paid in capital	1,258,691	1,075,598
Deficit accumulated during development stage	-1,280,350	-1,074,650
Total Stockholders' Equity	29,751	51,951
Total Liabilities and Stockholders' Equity	$78,550	$127,739

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets Parenthetical (USD $)	Mar. 31, 2014	Dec. 31, 2013
Condensed Consolidated Balance Sheets Parenthetical	'	'
Debt Discount Current	$16,364	$16,364
Debt Discount NonCurrent	$4,091	$4,091
Common stock par value	$0.00	$0.00
Common stock shares authorized	100,000,000	100,000,000
Common stock shares issued	51,409,565	51,002,565
Common stock shares outstanding	51,409,565	51,002,565

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended		49 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
Condensed Consolidated Statements of Operations	'	'	'
Revenues	'	'	$308,722
Cost of goods sold	'	'	292,175
Gross Profit (Loss)	'	'	16,547
Depreciation	1,494	0	6,462
General and administrative	199,195	21,073	1,153,987
Total Operating Expenses	200,689	21,073	1,160,449
Operating Loss from Operations	-200,689	-21,073	-1,143,902
Interest expense	-5,011	0	-16,800
Write down of assets	'	'	-18,648
Write-off of investments in LLCs	'	'	-101,000
Total Other Income (Expenses)	-5,011	'	-136,448
Loss from Continuing Operations before Income Taxes	-205,700	-21,073	-1,280,350
Provision for income tax	'	'	'
Net loss	($205,700)	($21,073)	($1,280,350)
Basic and diluted net loss per share	$0	$0	'
Weighted average number of shares outstanding	51,090,432	37,565,721	'

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended		49 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
Cash Flows from Operating Activities:	'	'	'
Net loss	($205,700)	($21,073)	($1,280,350)
Adjustment to reconcile net loss to net cash used in operating activities:	'	'	'
Depreciation	1,494	0	6,462
Write down of fixed assets	'	'	18,648
Write-off of investment in 3 LLCs	'	'	101,000
Issuance of founder shares	'	'	35,932
Amortization of debt discount	4,091	'	13,636
Changes in operating assets and liabilities:	'	'	'
Change in Advances receivable	'	-4,737	-29,433
Change in Accounts payable	-2,000	'	10,000
Change in Accrued liabilities	920	'	3,112
Net cash used in operating activities	-201,195	-25,810	-1,120,993
Cash Flows from Investing Activities:	'	'	'
Purchase of property and equipment	-37,479	'	-63,384
Net cash used in investing activities	-37,479	'	-63,384
Cash Flows from Financing Activities:	'	'	'
Cash proceeds from sale of stock	153,500	30,000	1,174,602
Cash proceeds from line of credit, net of payments	'	-17	'
Cash proceeds from short term loan, net of payments	'	-400	'
Cash proceeds from note payable	'	'	53,000
Cash payments against note payable	'	'	-2,949
Net cash provided by financing activities	153,500	29,583	1,224,653
Net increase (decrease) in cash and cash equivalents	-85,174	3,773	40,276
Cash and cash equivalents, beginning of the period	125,450	'	'
Cash and cash equivalents, end of the period	40,276	3,773	40,276
Cash paid for income taxes	'	'	'
Cash paid for interest	'	'	51
Negative equity on reverse merger acquisition	'	'	-31,433
Issuance of common stock in conjunction with note payable	30,000	'	30,000
Issuance of common stock for investment in subsidiaries	'	'	$101,000

Condensed_Consolidated_Stateme2

Condensed Consolidated Statement of Shareholders' Equity (USD $)	Common Stock	Additional paid in capital	Accumulated Deficit	Total
Balance at Mar. 10, 2010	'	'	'	'
Issuance of shares to founders	$35,932	'	'	$35,932
Issuance of shares to founders - shares	35,932,055	'	'	'
Common shares sold at $0.50 per share	750	374,250	'	375,000
Common shares sold at $0.50 per share - shares	750,000	'	'	'
Common shares issued for acquisition of subsidiaries	202	100,798	'	101,000
Common shares issued for acquisition of subsidiaries - shares	202,000	'	'	'
Net loss	'	'	-522,060	-522,060
Balance at Dec. 31, 2010	36,884	475,048	-522,060	-10,128
Balance - Shares at Dec. 31, 2010	36,884,055	'	'	'
Common shares sold at $0.50 per share	20	9,980	'	10,000
Common shares sold at $0.50 per share - shares	20,000	'	'	'
Common shares sold at $0.30 per share	462	138,038	'	138,500
Common shares sold at $0.30 per share - shares	461,667	'	'	'
Common shares sold at $0.20 per share	75	14,925	'	15,000
Common shares sold at $0.20 per share - shares	75,000	'	'	'
Net loss	'	'	-167,995	-167,995
Balance at Dec. 31, 2011	37,441	637,991	-690,055	-14,623
Balance - Shares at Dec. 31, 2011	37,440,722	'	'	'
Common shares sold at $0.30 per share	61	18,439	'	18,500
Common shares sold at $0.30 per share - shares	61,666	'	'	'
Net loss	'	'	-19,394	-19,394
Balance at Dec. 31, 2012	37,502	656,430	-709,449	-15,517
Balance - Shares at Dec. 31, 2012	37,502,388	'	'	'
Common shares sold at $0.50 per share	1,025	306,425	'	307,450
Common shares sold at $0.50 per share - shares	1,024,834	'	'	'
Common shares sold at $0.30 per share	314	156,338	'	156,652
Common shares sold at $0.30 per share - shares	313,303	'	'	'
Recapitalization	12,162	-43,595	'	-31,433
Recapitalization - shares	12,162,040	'	'	'
Net loss	'	'	-365,201	-365,201
Balance at Dec. 31, 2013	51,003	1,075,598	-1,074,650	51,951
Balance - Shares at Dec. 31, 2013	51,002,565	'	'	'
Common shares sold at $0.50 per share	307	153,193	'	153,500
Common shares sold at $0.50 per share - shares	307,000	'	'	'
Common shares issued in conjunction with notes payable	100	29,900	'	30,000
Common shares issued in conjunction with notes payabe - shares	100,000	'	'	'
Net loss	'	'	-205,700	-205,700
Balance at Mar. 31, 2014	$51,410	$1,258,691	($1,280,350)	$29,751
Balance - Shares at Mar. 31, 2014	51,409,565	'	'	'

Note_1_Nature_of_Operations_an

Note 1 - Nature of Operations and Going Concern	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 1 - Nature of Operations and Going Concern	'
	NOTE 1 – Nature of Operations and Going Concern
	As used herein and except as otherwise noted, the term “Company”, “it(s)”, “our”, “us”, “we” and “EMAV” shall mean EMAV Holdings, Inc., a Delaware corporation, and its wholly-owned consolidated subsidiary Electric Motors and Vehicles Company.
	EMAV Holdings, Inc. was originally incorporated on May 14, 1987 in Florida as Ventura Promotion Group, Inc. The Company became a public company in July 1998 and on November 12, 1998 changed its name to American Surface Technologies International, Inc. In September 2001, the State of Florida administratively dissolved the Company for not maintaining proper filings with the state and not paying franchise tax fees. In 2006, the Company changed its name to Global Environmental, Inc. In December 2007, the Company re-domiciled to Delaware and on August 27, 2008, changed its name to Ravenwood Bourne, Ltd.  Effective September 30, 2011, the Company changed its name to PopBig, Inc.
	On December 26, 2013, the Company changed its name to EMAV Holdings, Inc. and entered into a merger agreement to acquire Electric Motors and Vehicles Company, a Delaware corporation (“EMAVC”). The merger completed on December 27, 2013 and is being accounted for as a reverse merger and recapitalization in which EMAVC is deemed to be the accounting acquirer. Consequently, the assets and liabilities and the operations that will be reflected in the historical financial statements prior to the merger will be those of EMAVC and will be recorded at the historical cost basis of EMAVC, and the consolidated financial statements subsequent to completion of the merger include the assets and liabilities of EMAV and EMAVC, and the operations of the combined Company from the closing date of the merger. The Company elected to change its fiscal year end to be December 31 (see Note 3).
	Electric Motors And Vehicles Company was formed under the laws of Delaware on March 11, 2010. The Company’s principal business is electric vehicle manufacturing and sales. The Company will design, assemble, and sell premium electric rugged sport adventure vehicles. EMAVC will deploy a unique approach to build and bring its vehicles to market. Rather than creating a new vehicle and building out a new distribution network, EMAVC will use the four-door Jeep Wrangler as the platform for its signature electric vehicle. The Company will then sell its vehicles directly through Jeep dealerships.
	The accompanying unaudited interim condensed financial statements as of March 31, 2014 and 2013 of EMAV Holdings, Inc. and Subsidiary 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 10-K originally filed with the SEC on April 15, 2014. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for future quarters or for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for fiscal 2013 as reported in the Form 10-K have been omitted.
	The Company’s unaudited consolidated financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has not yet established a stable ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary financing to continue operations, and the attainment of profitable operations. The Company incurred a net loss of $205,700 for the three months ended March 31, 2014, used net cash in operating activities of $201,195 and has an accumulated deficit of $1,280,350 as of March 31, 2014. The Company had a working capital deficit of $8,523 and total stockholders’ equity of $29,751 as of March 31, 2014. These factors, among others raise a substantial doubt regarding the Company’s ability to continue as a going concern. If the Company is unable to obtain adequate capital, it could be forced to cease operations. The accompanying consolidated financial statements do not include any adjustments to reflect the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Note_2_Significant_Accounting_

Note 2 - Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 2 - Significant Accounting Policies	'
	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	The following summary of significant accounting policies of the Company is presented to assist in the understanding of the Company’s unaudited consolidated financial statements. The unaudited consolidated financial statements and notes are the representation of the Company’s management who is responsible for their integrity and objectivity. The unaudited consolidated financial statements of the Company conform to accounting principles generally accepted in the United States of America (U.S. GAAP).
	Principles of Consolidation
	The accompanying unaudited consolidated financial statements include the accounts of the Company, and its wholly-owned subsidiary Electric Motors and Vehicles Company. All intercompany balances and transactions are eliminated in consolidation.
	Use of Estimates
	The preparation of unaudited consolidated financial statements in conformity with U.S. GAAP 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 of the unaudited consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
	Development Stage Risk
	The Company has earned minimal revenues from operations.  Accordingly, the Company’s activities have been accounted for as those of a “Development Stage Enterprise” as set forth in Accounting Standards Codification (“ASC”) 915, “Development Stage Entities”.  Among the disclosures required by ASC 915 are that the Company’s financial statements be identified as those of a development stage company, and that the statements of operations, shareholders’ equity (deficit) and cash flows disclose activity since the date of the Company’s inception.
	Revenue Recognition
	The Company recognizes revenues when persuasive evidence of an arrangement exists; delivery has occurred; price is fixed or determinable; and collectability of the related receivable is reasonably assured. The Company closely follows the provisions of ASC 605 “Revenue Recognition”, which includes the guidelines of Staff Accounting Bulletin No. 104 as described above.
	Earnings (Loss) Per Common Share
	The Company computes net earnings (loss) per share in accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted net earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. For the three months ended March 31, 2014 and 2013, there were no potentially dilutive common shares outstanding during the period. Outstanding warrants to purchase 2,500,000 shares of common stock were excluded from this calculation as their effect would be anti-dilutive due to the reported net losses in each period.
	Recent Accounting Pronouncements
	The Company qualifies as an “emerging growth company” under the 2012 JOBS Act. Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. As an emerging growth company, we can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period.
	The Company has implemented all new accounting pronouncements that are in effect and that may impact its unaudited consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Note_3_Property_and_Equipment

Note 3 - Property and Equipment	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 3 - Property and Equipment	'
	NOTE 3 – PROPERTY AND EQUIPMENT
	Property and equipment consists of:
			March 31,		December 31,
			2014		2013
			(Unaudited)
	Property and equipment	$	39,976	$	2,497
	Less: accumulated depreciation		(1,702)		(208)
	Property and equipment, net	$	38,274	$	2,289
	Depreciation expense for the three months ended March 31, 2014 and 2013 was $1,494 and $0, respectively, and $6,462 since March 11, 2010 (Inception) to March 31, 2014.

Note_4_Note_Payable

Note 4 - Note Payable	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 4 - Note Payable	'
	NOTE 4 – NOTE PAYABLE
	Note payable consists of:
			March 31,		December 31,
			2014		2013
			(Unaudited)
	Stockholder note payable, principal balance of $53,000, unsecured, interest bearing, monthly payment of $3,790 starting February 1, 2014, due April 1, 2015	$	50,051	$	50,051
	Note payable - current portion	$	50,051	$	41,783
	Note payable - long term portion	$	-	$	8,268
	On May 23, 2013, the Company executed a promissory note (the “Note”) with a third party lender in the principal amount of $53,000. The terms of the Note required the Company to make (a) a principal payment of $3,000 on or before June 6, 2013, and (b) fifteen (15) monthly payments of $3,790 each, including principal and interest, beginning February 2014 through April 2015, at which time the entire principal amount, plus any and all accrued interest shall be due and payable. The Company has recorded an interest expense of $920 and $0 for the three months ended March 31, 2014 and 2013 and $3,164 from March 11, 2010 (Inception) to March 31, 2014, and has recorded accrued interest of $3,112 as of March 31, 2014.
	As additional consideration and not as additional interest, the Company agreed to issue 100,000 shares of restricted common stock at its fair value of $30,000 to the third party lender.  As of December 31, 2013, the Company had not issued the 100,000 shares of its common stock and as such the value of shares to be issued was reflected as a liability in the balance sheet at that date. The Company formally issued the shares during the three month period ended March 31, 2014.
	In connection with the issuance of the Note, the Company has recorded a debt discount in the amount of $30,000 which is being amortized to interest expense over the life of the Note. The Company has recognized interest expense of $4,091 and $13,636 related to the amortization of debt discount related to this Note for the three months ended March 31, 2014 and from May 23, 2013 to March 31, 2014, respectively. The net stock value of the unamortized portion of the debt discount was $16,364 at March 31, 2014.
	The Company has recorded an interest expense of $5,011 and $0 for the three months ended March 31, 2014 and 2013, and $16,800 from March 11, 2010 (Inception) to March 31, 2014, respectively.

Note_5_Related_Party_Transacti

Note 5 - Related Party Transactions	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 5 - Related Party Transactions	'
	NOTE 5 – RELATED PARTY TRANSACTIONS
	In April 2010, the Company entered into a verbal agreement with its executive director for providing business consulting and marketing services to the Company. No fixed compensation was agreed at the time of the verbal agreement. The Company recorded an expense of $32,600 and $4,000 as consulting fees for the three months ended March 31, 2014 and 2013, respectively, and $168,284 since March 11, 2010 (Inception) to March 31, 2014.  There were no amounts due under this arrangement as of March 31, 2014 or December 31, 2013.
	The Company engaged an entity owned by the Chief Executive Officer/director of the Company to provide business advisory, consulting and legal services. The Company has recorded an expense of $21,500 and $10,000 as consulting services for the three months ended March 31, 2014 and 2013, respectively,  and $117,362 since March 11, 2010 (Inception) to March 31, 2014.  There were no amounts due under this arrangement as of March 31, 2014 or December 31, 2013.

Note_6_Commitments_and_Conting

Note 6 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 6 - Commitments and Contingencies	'
	NOTE 6 – COMMITMENTS AND CONTINGENCIES
	Settlement of litigation
	The Company entered into an agreement for public relations services (the “Agreement”) with an unrelated third party (“DLC”) in September 2010. The Company disputed the quality of the services rendered and failed to tender final payment under the Agreement. DLC initiated legal action against the Company in January 2012 for collection under the Agreement. The Company did not have the resources to contest the action, so a default judgment was entered against the Company in favor of DLC in July 2012 in the amount of $14,425. Thereafter, DLC sought to collect on the judgment, and the total amount claimed by DLC grew to over $25,000 as DLC was entitled to collect attorney’s fees under the Agreement.
	In October 2013, the entire Agreement with DLC was negotiated and settled requiring the Company to pay DLC $3,000 in November 2013 and $1,000 per month for the next 12-month period. The Company agreed not to contest DLC’s ownership of 80,000 shares of the Company’s stock. The Company had recorded a liability and an expense of $15,000 as a result of this litigation in its consolidated financial statements as of December 31, 2010. As of March 31, 2014, the remaining liability on the settlement of $10,000 is included in accounts payable in the accompanying condensed consolidated financial statements. The Company has since paid $3,000 to DLC on April 19, 2014 for the months of February 2014, March 2014 and April 2014 monthly payments.
	Legal Costs and Contingencies
	In the normal course of business, the Company incurs costs to hire and retain external legal counsel to advise it on regulatory, litigation and other matters. The Company expenses these costs as the related services are received.
	If a loss is considered probable and the amount can be reasonable estimated, the Company recognizes an expense for the estimated loss.  If the Company has the potential to recover a portion of the estimated loss from a third party, the Company makes a separate assessment of recoverability and reduces the estimated loss if recovery is also deemed probable.

Note_7_Equity_Transactions

Note 7 - Equity Transactions	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 7 - Equity Transactions	'
	NOTE 7 - EQUITY TRANSACTIONS
	The Company’s capitalization at March 31, 2014 was 100,000,000 authorized common shares with a par value of $0.001 per share.
	Common stock
	During the three months ended March 31, 2014, the Company sold 307,000 shares of its common stock at $0.50 per share and received total cash consideration of $153,500. All the common shares were sold to accredited investors pursuant to separate Private Placements. In addition, as discussed in Note 4, on March 31, 2014, the Company issued 100,000 shares of its common stock to a third party lender as additional consideration in conjunction with providing cash proceeds of $53,000 as loan to the Company on May 23, 2013. The common shares issued were valued at their fair value of $30,000 to the third party lender.
	Warrants
	In April 2010, the Company granted three individuals, warrants to purchase 2,500,000 shares of common stock at an exercise price of $0.25 per share as compensation in connection with the individuals providing introductions for raising capital for the Company. The warrants have a six year term and expire in April 2016. The fair value of 2,500,000 warrants at the original issue date was estimated to be $1,077,927 using a Black-Scholes option pricing model with an expected life of 6 years, a risk free interest rate of 2.96%, a dividend yield of 0%, and an expected volatility of 100%. The expected volatility was estimated to be 100% since the Company's stock is not traded and no historical volatility data is available.  As these services were provided as part of the Company’s equity funding, the value of the warrants were recorded within equity as part of the accounting for the related equity transactions.
	The Company has not established a stock option plan nor has issued any stock options outstanding as of March 31, 2014.
	As a result of all common stock issuances, the total common shares issued and outstanding at March 31, 2014 were 51,409,565.

Note_8_Concentration_of_Credit

Note 8 - Concentration of Credit Risk	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 8 - Concentration of Credit Risk	'
	NOTE 8 - CONCENTRATION OF CREDIT RISK
	The Company maintains its cash in bank and financial institution deposits that at times may exceed federally insured limits. The Company has not experienced any losses related to this in any such accounts. The Company’s bank balances did not exceed FDIC insured amounts as of March 31, 2014 and 2013, respectively.

Note_9_Subsequent_Events

Note 9 - Subsequent Events	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 9 - Subsequent Events	'
	NOTE 9 – SUBSEQUENT EVENTS
	From April 1, 2014 to May 14, 2014, the Company sold 135,000 shares of its common stock to accredited investors pursuant to a Private Placement and received a total cash consideration of $67,500.

Note_1_Nature_of_Operations_an1

Note 1 - Nature of Operations and Going Concern: Liquidity Disclosure (Policies)	3 Months Ended
	Mar. 31, 2014
Policies	'
Liquidity Disclosure	'
	The Company’s unaudited consolidated financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has not yet established a stable ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary financing to continue operations, and the attainment of profitable operations. The Company incurred a net loss of $205,700 for the three months ended March 31, 2014, used net cash in operating activities of $201,195 and has an accumulated deficit of $1,280,350 as of March 31, 2014. The Company had a working capital deficit of $8,523 and total stockholders’ equity of $29,751 as of March 31, 2014. These factors, among others raise a substantial doubt regarding the Company’s ability to continue as a going concern. If the Company is unable to obtain adequate capital, it could be forced to cease operations. The accompanying consolidated financial statements do not include any adjustments to reflect the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Note_2_Significant_Accounting_1

Note 2 - Significant Accounting Policies: Principles of Consolidation (Policies)	3 Months Ended
	Mar. 31, 2014
Policies	'
Principles of Consolidation	'
	Principles of Consolidation
	The accompanying unaudited consolidated financial statements include the accounts of the Company, and its wholly-owned subsidiary Electric Motors and Vehicles Company. All intercompany balances and transactions are eliminated in consolidation.

Note_2_Significant_Accounting_2

Note 2 - Significant Accounting Policies: Use of Estimates (Policies)	3 Months Ended
	Mar. 31, 2014
Policies	'
Use of Estimates	'
	Use of Estimates
	The preparation of unaudited consolidated financial statements in conformity with U.S. GAAP 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 of the unaudited consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

Note_2_Significant_Accounting_3

Note 2 - Significant Accounting Policies: Development Stage Risk (Policies)	3 Months Ended
	Mar. 31, 2014
Policies	'
Development Stage Risk	'
	Development Stage Risk
	The Company has earned minimal revenues from operations.  Accordingly, the Company’s activities have been accounted for as those of a “Development Stage Enterprise” as set forth in Accounting Standards Codification (“ASC”) 915, “Development Stage Entities”.  Among the disclosures required by ASC 915 are that the Company’s financial statements be identified as those of a development stage company, and that the statements of operations, shareholders’ equity (deficit) and cash flows disclose activity since the date of the Company’s inception.

Note_2_Significant_Accounting_4

Note 2 - Significant Accounting Policies: Revenue Recognition (Policies)	3 Months Ended
	Mar. 31, 2014
Policies	'
Revenue Recognition	'
	Revenue Recognition
	The Company recognizes revenues when persuasive evidence of an arrangement exists; delivery has occurred; price is fixed or determinable; and collectability of the related receivable is reasonably assured. The Company closely follows the provisions of ASC 605 “Revenue Recognition”, which includes the guidelines of Staff Accounting Bulletin No. 104 as described above.

Note_2_Significant_Accounting_5

Note 2 - Significant Accounting Policies: Earnings (loss) Per Common Share (Policies)	3 Months Ended
	Mar. 31, 2014
Policies	'
Earnings (loss) Per Common Share	'
	Earnings (Loss) Per Common Share
	The Company computes net earnings (loss) per share in accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted net earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. For the three months ended March 31, 2014 and 2013, there were no potentially dilutive common shares outstanding during the period. Outstanding warrants to purchase 2,500,000 shares of common stock were excluded from this calculation as their effect would be anti-dilutive due to the reported net losses in each period.

Note_2_Significant_Accounting_6

Note 2 - Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2014
Policies	'
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The Company qualifies as an “emerging growth company” under the 2012 JOBS Act. Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. As an emerging growth company, we can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period.
	The Company has implemented all new accounting pronouncements that are in effect and that may impact its unaudited consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Note_3_Property_and_Equipment_

Note 3 - Property and Equipment: Schedule of property and equipment (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of property and equipment	'
	Property and equipment consists of:
			March 31,		December 31,
			2014		2013
			(Unaudited)
	Property and equipment	$	39,976	$	2,497
	Less: accumulated depreciation		(1,702)		(208)
	Property and equipment, net	$	38,274	$	2,289

Note_4_Note_Payable_Schedule_o

Note 4 - Note Payable: Schedule of note payable (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of note payable	'
	Note payable consists of:
			March 31,		December 31,
			2014		2013
			(Unaudited)
	Stockholder note payable, principal balance of $53,000, unsecured, interest bearing, monthly payment of $3,790 starting February 1, 2014, due April 1, 2015	$	50,051	$	50,051
	Note payable - current portion	$	50,051	$	41,783
	Note payable - long term portion	$	-	$	8,268

Note_1_Nature_of_Operations_an2

Note 1 - Nature of Operations and Going Concern: Liquidity Disclosure (Details) (USD $)	3 Months Ended		10 Months Ended	12 Months Ended			49 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2010	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Mar. 31, 2014
Details	'	'	'	'	'	'	'
Net loss	$205,700	$21,073	$522,060	$365,201	$19,394	$167,995	$1,280,350
Net cash used in operating activities	201,195	25,810	'	'	'	'	1,120,993
Deficit accumulated during development stage	1,280,350	'	'	1,074,650	'	'	1,280,350
Working Capital Deficit	8,523	'	'	'	'	'	8,523
Total Stockholders' Equity (Deficit)	$29,751	'	($10,128)	$51,951	($15,517)	($14,623)	$29,751

Note_2_Significant_Accounting_7

Note 2 - Significant Accounting Policies: Earnings (loss) Per Common Share (Details)	3 Months Ended
	Mar. 31, 2014
Details	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,500,000

Note_3_Property_and_Equipment_1

Note 3 - Property and Equipment: Schedule of property and equipment (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Details	'	'
Property, Plant and Equipment, Gross	$39,976	$2,497
Property, Plant and Equipment, Other, Accumulated Depreciation	-1,702	-208
Property and equipment, net	$38,274	$2,289

Note_3_Property_and_Equipment_2

Note 3 - Property and Equipment (Details) (USD $)	3 Months Ended		49 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
Details	'	'	'
Depreciation	$1,494	$0	$6,462

Note_4_Note_Payable_Schedule_o1

Note 4 - Note Payable: Schedule of note payable (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Details	'	'
Other Notes Payable	$50,051	$50,051
Other Notes Payable, Current	50,051	41,783
Other Notes Payable, Noncurrent	'	$8,268

Note_4_Note_Payable_Details

Note 4 - Note Payable (Details) (USD $)	3 Months Ended		49 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	23-May-13
Original Amount of Promissory Note	'	'	'	'	$53,000
Accrued Liabilities, Current	3,112	'	3,112	'	'
Common shares issued in conjunction with debt settlement	30,000	'	'	'	'
Amortization of debt discount	4,091	'	13,636	'	'
Debt Discount Current	16,364	'	16,364	16,364	'
Interest expense	$5,011	$0	$16,800	'	'
Common Stock	'	'	'	'	'
Common shares issued in conjunction with debt settlement - shares	100,000	'	'	'	'

Note_5_Related_Party_Transacti1

Note 5 - Related Party Transactions (Details) (USD $)	3 Months Ended		49 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
Details	'	'	'
Consulting fees paid to executive director	$32,600	$4,000	$168,284
Consulting fees paid to related party	$21,500	$10,000	$117,362

Note_7_Equity_Transactions_Det

Note 7 - Equity Transactions (Details) (USD $)	3 Months Ended	10 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2010	Dec. 31, 2013	Dec. 31, 2011
Common stock shares authorized	100,000,000	'	100,000,000	'
Common stock par value	$0.00	'	$0.00	'
Common shares sold at $0.50 per share	$153,500	$375,000	$307,450	$10,000
Common shares issued in conjunction with debt settlement	30,000	'	'	'
Common stock shares issued	51,409,565	'	51,002,565	'
Common stock shares outstanding	51,409,565	'	51,002,565	'
Common Stock	'	'	'	'
Common shares sold at $0.50 per share - shares	307,000	750,000	1,024,834	20,000
Common shares sold at $0.50 per share	$307	$750	$1,025	$20
Common shares issued in conjunction with debt settlement - shares	100,000	'	'	'

Note_7_Equity_Transactions_War

Note 7 - Equity Transactions: Warrants (Details) (USD $)	1 Months Ended
	Apr. 30, 2010
Details	'
Warrants Granted to Three Individuals	2,500,000
Fair Value of Warrants Granted to Three Individuals	$1,077,927