EV Charging USA (EVUS) 10-Q 19 Feb 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Dec. 31, 2013	Feb. 17, 2014
Document And Entity Information	'	'
Entity Registrant Name	'Milwaukee Iron Arena Football, Inc	'
Entity Central Index Key	'0001083383	'
Document Type	'10-Q	'
Document Period End Date	31-Dec-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--09-30	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	155,892
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2014	'

Condensed_Balance_Sheets_Unaud

Condensed Balance Sheets (Unaudited) (USD $)	Dec. 31, 2013	Sep. 30, 2013
CURRENT ASSETS	'	'
Cash	$270	$270
TOTAL CURRENT ASSETS	270	270
TOTAL ASSETS	270	270
CURRENT LIABILITIES	'	'
Accounts payable and accrued expenses	8,696	11,474
Loan payable - related party	39,428	35,578
TOTAL CURRENT LIABILITIES	48,124	47,052
TOTAL LIABILITIES	48,124	47,052
STOCKHOLDERS EQUITY (DEFICIT)	'	'
Preferred stock A, $.001 par value; 5,000,000 shares authorized issued and outstanding	5,000	5,000
Preferred stock B, $.001 par value; 5,000,000 shares authorized issued and outstanding	5,000	5,000
Common stock, $.001 par value; 500,000,000 shares authorized 155,892 shares issued and outstanding	156	156
Additional paid-in capital	4,204,067	4,204,067
Accumulated deficit	-4,262,077	-4,261,005
TOTAL STOCKHOLDERS' (DEFICIT)	-47,854	-46,782
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)	$270	$270

Condensed_Balance_Sheets_Paren

Condensed Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Statement of Financial Position [Abstract]	'	'
Preferred stock A Par Value	$0.00	$0.00
Preferred Stock A shares authorized issued and outstanding	5,000,000	5,000,000
Preferred stock B par value;	$0.00	$0.00
Preferred Stock B shares authorized issued and outstanding	5,000,000	5,000,000
Common stock par value	$0.00	$0.00
Common Stock shares authorized	500,000,000	500,000,000
Common Stock shares issued and outstanding	155,892	155,892

Condensed_Statements_of_Operat

Condensed Statements of Operations (Unaudited) (USD $)	3 Months Ended		37 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Income Statement [Abstract]	'	'	'
General and administrative expenses	$1,072	$2,100	$57,301
Reimbursment of expenses	'	'	-40,000
Total operating expenses (income)	1,072	2,100	17,301
Net Income (Loss)	($1,072)	($2,100)	($17,301)
NET LOSS PER BASIC AND DILUTED SHARES	($0.01)	($0.01)	'
WEIGHTED AVERAGE OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	155,892	155,892	'

Condensed_Statements_of_Cash_F

Condensed Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended		37 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Statement of Cash Flows [Abstract]	'	'	'
Net income (loss)	($1,072)	($2,100)	($17,301)
Changes in assets and liabilities:	'	'	'
Increase (decrease) in accounts payable and accrued expenses	-2,778	2,100	-7,204
Total adjustments	'	2,100	-7,204
Net cash used in operating activities	-3,850	'	-20,655
CASH FLOWS FROM FINANCING ACTIVITIES	'	'	'
Proceeds from related party loan	3,850	'	24,428
Net cash provided by financing activities	3,850	'	-4,503
DECREASE IN CASH	'	'	-77
CASH - BEGINNING OF PERIOD	270	270	347
CASH - END OF PERIOD	$270	$270	$270

NOTE_1_Basis_of_Presentation

NOTE 1. Basis of Presentation	3 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
NOTE 1. Basis of Presentation	'
	1 – Basis of Presentation
	These unaudited condensed financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) in accordance with the accounting policies described in our audited financial statements included in our Annual Report on Form 10-K filed with the SEC for the fiscal year ended September 30, 2013. They do not include all information and footnote disclosures included in our audited financial statements. In the opinion of management, these financial statements include all adjustments, consisting of normal recurring adjustments and accruals, necessary to present fairly, in all material respects, the financial condition, results of operations and cash flows for the periods presented. Operating results for the three months ended December 31, 2013, are not necessarily indicative of the results that may be expected for the full fiscal year ending September 30, 2014, or any other period. Where necessary, information for prior periods has been reclassified to conform to the financial statement presentation in the current fiscal year. These unaudited condensed financial statements should be read in conjunction with our audited financial statements and accompanying notes included in our Annual Report on Form 10-K for the fiscal year ended September 30, 2013.

NOTE_2_Nature_of_Operations

NOTE 2. Nature of Operations	3 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
2. Nature of Operations	'
	2 – Nature of Operations
	Milwaukee Iron Arena Football Inc., formerly known as Genesis Capital Corporation of Nevada, (the “Company”), was incorporated in the State of Colorado in 1983.
	We are a shell company whose business strategy is to enter into a reverse merger with an operating business or to develop an operating business through internal growth and/or targeted acquisitions of specific businesses.

NOTE_3_SUMMARY_OF_SIGNIFICANT_

NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Development Stage Accounting Policy
	The Company is considered a development stage company as defined in ASC 915.
	Use of Estimates
	The preparation of financial statements in conformity with U.S. 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period.
	Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements that management considered in formulating its estimates could change in the near term due to one or more future non-confirming events. Accordingly, the actual results could differ significantly from estimates.
	Fair Value of Financial Instruments
	The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value:
	Milwaukee Iron Professional Arena Football, Inc.
	(A Development Stage Company)
	Notes to Financial Statements
	December 31, 2013, and 2012
		•	Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
		•	Level 2: Inputs reflect: quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market
			data by correlation or other means.
		•	Level 3: Unobservable inputs reflecting the Company’s assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.
	The Company’s financial instruments consisted primarily of cash and loans from officer. The carrying amounts of the Company’s financial instruments generally approximate their fair values as of December 31, 2013, and September 30, 2013, respectively, due to the short-term nature of these instruments.
	Income Taxes
	The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized.
	ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented.

NOTE_4_GOING_CONCERN

NOTE 4. GOING CONCERN	3 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
4. GOING CONCERN	'
	4 – GOING CONCERN
	As reflected in the accompanying financial statements, the Company has sustained net losses and has a working capital deficit of $47,854 and a stockholders’ deficit of $47,854 at December 31, 2013. In addition, the Company has no operating business.
	The ability of the Company to continue as a going concern is dependent on its ability to obtain debt or equity based financing and upon future commencement of operations from the development of its planned business.
	The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE_5_RELATED_PARTY

NOTE 5. RELATED PARTY	3 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
NOTE 5. RELATED PARTY	'
	5 – RELATED PARTY
	The loan payable – related party represents amounts advanced to the Company by its Chief Executive Officer. These amounts are non-interest bearing and are due on demand.

NOTE_6_STOCKHOLDERS_EQUITY_DEF

NOTE 6. STOCKHOLDERS EQUITY (DEFICIT)	3 Months Ended
	Dec. 31, 2013
Equity [Abstract]	'
NOTE 6. STOCKHOLDERS EQUITY (DEFICIT)	'
	6 – STOCKHOLDERS’ EQUITY (DEFICIT)
	As of December 31, 2013, and September 30, 2013, the Company had authorized 10,000,000 shares of preferred stock, par value $.001 per share, issuable in series, 5,000,000 shares of which were issued as Series A Preferred Stock and 5,000,000 shares of which were issued as Series B Preferred Stock. As of those dates, the Company had authorized 500,000,000 shares of common stock, par value $.001 per share, of which 155,892 shares were issued and outstanding.

NOTE_7_INCOME_TAXES

NOTE 7. INCOME TAXES	3 Months Ended
	Dec. 31, 2013
Schedule of Investments [Abstract]	'
NOTE 7. INCOME TAXES	'
	7 – INCOME TAXES
		31-Dec-13			30-Sep-13
	Deferred tax assets	$	(1,021,700	)	$	(1,016,900	)
	Deferred tax valuation allowance		1,021,700			1,016,900
	Net deferred tax assets	$	—		$	—
	Due to the uncertainty of utilizing the approximate $2,919,140 and $2,905,500 in net operating losses as of December 31, 2013, and September 30, 2013, and recognizing the deferred tax assets, an offsetting valuation allowance been provided.
	The Company has filed tax returns that are subject to audit by tax authorities beginning with the year ended September 30, 2009.The Company’s policy is to classify assessments, if any, for tax and related interest and penalties as tax expense.

NOTE_8_SUBSEQUENT_EVENTS

NOTE 8. SUBSEQUENT EVENTS	3 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
NOTE 8. SUBSEQUENT EVENTS	'
	8 – SUBSEQUENT EVENTS
	In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to September 30, 2013, to the date these financial statements were issued, and has determined that it does not have material subsequent events to disclose in these financial statements.

NOTE_3_SUMMARY_OF_SIGNIFICANT_1

NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Development Stage Accounting Policy	'
	Development Stage Accounting Policy
	The Company is considered a development stage company as defined in ASC 915.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with U.S. 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 of the financial statements and the reported amounts of revenues and expenses during the reporting period.
	Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements that management considered in formulating its estimates could change in the near term due to one or more future non-confirming events. Accordingly, the actual results could differ significantly from estimates.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value:
Income Taxes	'
	Income Taxes
	The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized.
	ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented.

NOTE_7_INCOME_TAXES_Tables

NOTE 7. INCOME TAXES (Tables)	3 Months Ended
	Dec. 31, 2013
Schedule of Investments [Abstract]	'
Income Tax	'
		31-Dec-13			30-Sep-13
	Deferred tax assets	$	(1,021,700	)	$	(1,016,900	)
	Deferred tax valuation allowance		1,021,700			1,016,900
	Net deferred tax assets	$	—		$	—

NOTE_4_GOING_CONCERN_Details_N

NOTE 4. GOING CONCERN (Details Narrative) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'	'
Working Capital Deficit	$47,854	'
Stockholders Deficit	($4,262,077)	($4,261,005)

NOTE_6_STOCKHOLDERS_EQUITY_DEF1

NOTE 6. STOCKHOLDERS EQUITY (DEFICIT) (Details Narrative) (USD $)	3 Months Ended		12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2013
Equity [Abstract]	'	'	'
Net Operating Losses	$2,919,140	$2,905,500	$2,905,500

NOTE_6_STOCKHOLDERS_EQUITY_DEF2

NOTE 6. STOCKHOLDERS EQUITY (DEFICIT) (Details Narrative1) (USD $)	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2013	Sep. 03, 2013
			Series A Preferred [Member]	Series A Preferred [Member]	Series B Preferred [Member]	Series B Preferred [Member]
Preferred Shares Authorized	10,000,000	10,000,000	'	'	'	'
Preferred Shares Par Value	$0.00	$0.00	'	'	'	'
Series A Preferred Stock Shares Issued	'	'	5,000,000	5,000,000	5,000,000	5,000,000
Common Stock Shares Authorized	500,000,000	500,000,000	'	'	'	'
Common Stock Par Value	$0.00	$0.00	'	'	'	'
Common Stock Shares Issued and Outstanding	155,892	155,892	'	'	'	'

NOTE_7_INCOME_TAXES_Details_Na

NOTE 7. INCOME TAXES (Details Narrative) (USD $)	3 Months Ended		12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2013
Schedule of Investments [Abstract]	'	'	'
Net Operating Loss	$2,919,140	$2,905,500	$2,905,500

NOTE_7_INCOME_TAXES_Income_Tax

NOTE 7. INCOME TAXES - Income Tax (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Schedule of Investments [Abstract]	'	'
Deferred tax assets	($1,021,700)	($1,016,900)
Deferred tax valuation allowance	1,021,700	1,016,900
Net deferred tax assets	'	'