Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Apr. 02, 2014 | Jun. 30, 2013 | |
Document And Entity Information | ' | ' | ' |
Entity Registrant Name | 'CNK Global Inc. | ' | ' |
Entity Central Index Key | '0001187449 | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
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 Public Float | ' | ' | $86,016 |
Entity Common Stock, Shares Outstanding | ' | 47,391,449 | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Balance_Sheets
Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Current assets | ' | ' |
Cash | ' | ' |
Cash in trust account | 1,669 | 430 |
Total current assets | 1,669 | 430 |
TOTAL ASSETS | 1,669 | 430 |
Current liabilities | ' | ' |
Accounts payable | 6,083 | 7,810 |
Due to stockholder | 89,753 | 57,979 |
Total current liabilities | 95,836 | 65,789 |
Stockholders' deficit | ' | ' |
Common stock, $.001 Par Value, 100,000,000 shares authorized, 47,391,449 shares outstanding | 47,392 | 47,392 |
Additional paid in capital | 3,284,909 | 3,284,909 |
Accumulated deficit | -3,426,468 | -3,397,660 |
Total stockholders' deficit | -94,167 | -65,359 |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $1,669 | $430 |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Statement of Financial Position [Abstract] | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares outstanding | 47,391,449 | 47,391,449 |
Statements_of_Operations
Statements of Operations (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Income Statement [Abstract] | ' | ' |
Income | ' | ' |
Expenses: | ' | ' |
General & administrative expense | 28,808 | 91,237 |
Consulting fees | ' | 5,910 |
Total operating expenses | 28,808 | 97,147 |
Net loss | ($28,808) | ($97,147) |
Basic and diluted loss per share | $0 | $0 |
Weighted average shares outstanding | 47,391,449 | 47,391,449 |
Statement_of_Changes_in_Stockh
Statement of Changes in Stockholders' Equity (USD $) | Common Stock [Member] | Additional Paid-In Capital [Member] | Accumulated Deficit [Member] | Total |
Balance at Dec. 31, 2011 | $47,392 | $3,284,909 | ($3,300,513) | $31,788 |
Balance, shares at Dec. 31, 2011 | 47,391,449 | ' | ' | ' |
Net loss | ' | ' | -97,147 | -97,147 |
Balance at Dec. 31, 2012 | 47,392 | 3,284,909 | -3,397,660 | -65,359 |
Balance, shares at Dec. 31, 2012 | 47,391,449 | ' | ' | ' |
Net loss | ' | ' | -28,808 | -28,808 |
Balance at Dec. 31, 2013 | $47,392 | $3,284,909 | ($3,426,468) | ($94,167) |
Balance, shares at Dec. 31, 2013 | 47,391,449 | ' | ' | ' |
Statements_of_Cash_Flows
Statements of Cash Flows (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Statement of Cash Flows [Abstract] | ' | ' |
Net loss | ($28,808) | ($97,147) |
OPERATING ACTIVITIES | ' | ' |
(Increase) decrease in trust account | -1,239 | 41,357 |
Increase (decrease) in accounts payable | -1,727 | 5,832 |
Net cash from operating activities | -31,774 | -49,958 |
FINANCING ACTIVITIES | ' | ' |
Due to stockholder | 31,774 | 49,958 |
Net cash from financing activities | 31,774 | 49,958 |
Change in cash and cash equivalents | 0 | 0 |
Cash and cash equivalents, beginning of the year | ' | ' |
Cash and cash equivalents, end of the year | ' | ' |
Basis_of_Presentation
Basis of Presentation | 12 Months Ended |
Dec. 31, 2013 | |
Basis Of Presentation | ' |
Basis of Presentation | ' |
NOTE 1 – BASIS OF PRESENTATION | |
The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. In the opinion of management all adjustments considered necessary for a fair presentation have been included. As a result of the discontinuation and dissolution of the Company’s subsidiary, the Company currently has no operations and is considered a “shell company” under Federal securities laws. The Company intends to acquire assets or shares of an entity actively engaged in a business generating revenues in exchange for the Company’s securities. Prior to April 16, 2012, the Company’s name was American Life Holding Company, Inc. On April 16, 2012 the name was changed to CNK Global Inc. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Summary of Significant Accounting Policies | ' |
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Cash and Cash Equivalents | |
The Company considers cash on hand, deposits in banks, certificates of deposit and investments with original maturities of three months or less to be cash and cash equivalents. | |
Income Taxes | |
The Company accounts for income taxes under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740 “Income Taxes”. Under the asset and liability method of FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. 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. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. | |
Income Per Share | |
Basic income per share is calculated as income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted income per share is calculated using the “if converted” method for convertible securities and the “treasury stock” method for options and warrants. For the years ended December 31, 2013 and 2012 all securities convertible into common shares were anti-dilutive. | |
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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
Going Concern | |
The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet identified ongoing operations and is considered a “shell” company. The lack of cash, losses, negative working capital, and shareholders deficit raise substantial doubt about its ability to continue as a going concern. | |
In order to continue as a going concern, the Company will need, among other things, capital resources. Management plans to identify an industry in which to invest and begin operating within this “shell” company. Management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. | |
The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually obtain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the company is unable to continue as a going concern. |
Cash_in_Trust_Account
Cash in Trust Account | 12 Months Ended |
Dec. 31, 2013 | |
Cash In Trust Account | ' |
Cash in Trust Account | ' |
NOTE 3 – CASH IN TRUST ACCOUNT | |
The trust account consists of funds that have been deposited into the corporate attorney’s escrow account to be used for the benefit of paying certain professional fees the Company may incur. These funds have been contributed by the stockholders and have been accounted for as Due to Stockholder. |
New_Accounting_Pronouncements
New Accounting Pronouncements | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Changes and Error Corrections [Abstract] | ' |
New Accounting Pronouncements | ' |
NOTE 4 – NEW 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. |
Statement_of_Cash_Flows_Supple
Statement of Cash Flows Supplementary Disclosure | 12 Months Ended |
Dec. 31, 2013 | |
Supplemental Cash Flow Elements [Abstract] | ' |
Statement of Cash Flows Supplementary Disclosure | ' |
NOTE 5 – STATEMENT OF CASH FLOWS SUPPLEMENTARY DISCLOSURE | |
There was no interest or taxes paid during the years ended December 31, 2013 and 2012. |
Disclosure_About_Fair_Value_of
Disclosure About Fair Value of Financial Instruments | 12 Months Ended |
Dec. 31, 2013 | |
Fair Value Disclosures [Abstract] | ' |
Disclosure About Fair Value of Financial Instruments | ' |
NOTE 6 – DISCLOSURE ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS | |
The following methods and assumptions were used to estimate the fair value of financial instruments for which it is practicable to estimate value. Cash in trust account is carried at cost, which is a reasonable estimate of fair value. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Income Taxes | ' | ||||||||
NOTE 7 – INCOME TAXES | |||||||||
Income tax benefit (expense) attributable to income (loss) before income taxes differed from the amounts computed by applying the United States of America federal tax rate of 34% to income (loss) before income taxes as a result of the following: | |||||||||
2013 | 2012 | ||||||||
Computed expected income tax benefit | $ | 9,795 | $ | 33,030 | |||||
Valuation allowance | (9,795 | ) | (33,030 | ) | |||||
$ | - | $ | - | ||||||
Deferred taxes are determined between the financial statement and tax bases of assets and liabilities as measured by the enacted tax rates, which are expected to be in effect when these differences reverse. | |||||||||
Management continuously estimates the realizability of its deferred tax assets based on its assessment of the sufficiency of future revenue streams. Due to the “shell” status of the Company, future revenue streams are uncertain. Additionally, the IRS imposes limitations on the use of loss carry forwards if the Company incurs a change in control. |
Uncertain_Tax_Positions
Uncertain Tax Positions | 12 Months Ended |
Dec. 31, 2013 | |
Income Tax Uncertainties [Abstract] | ' |
Uncertain Tax Positions | ' |
NOTE 8 – UNCERTAIN TAX POSITIONS | |
The Company has not complied with United States (U.S.) Federal and State tax compliance requirements as it relates to filing Federal and State tax returns, Federal Report of Foreign Bank and Financial Accounts and the Information Return of a 25% Foreign-Owned U.S. Corporation for the years ending December 31, 2013, 2012 and 2011. Penalties for non-compliance may be material. | |
There are no other known tax positions that, if challenged, would have a material effect on the financial statements for the years ended December 31, 2013 and 2012, or during the prior three years applicable under FASB ASC 740. The Company did not recognize any adjustment to the liability for uncertain tax position and therefore did not record any adjustment to the beginning balance of accumulated deficit on the balance sheet. |
Due_to_Stockholder
Due to Stockholder | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Due to Stockholder | ' |
NOTE 9 – DUE TO STOCKHOLDER | |
This represents advances by the majority stockholder to pay for certain professional fees and administrative expenses on behalf of the Company. |
Stockholders_Equity
Stockholders' Equity | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||
Stockholders' Equity | ' | ||||||||||||||||
NOTE 10 – STOCKHOLDERS’ EQUITY | |||||||||||||||||
The Company’s authorized capital stock consists of 100,000,000 shares of common stock, $.001 par value per share, of which 47,391,449 shares are issued and outstanding and 5,000,000 shares of preferred stock, $.001 par value per share, of which no shares are designated. | |||||||||||||||||
The Company has outstanding warrants to employees and non-employees allowing the purchase of stock at a price of $10.00 per share. None of the 49,500 non-employee warrants in 2013 or the 49,500 non-employee warrants in 2012, all of whose exercise price exceeded market value as of the date of the grant, have been exercised. Information regarding the warrants for the years ended December 31, 2013 and 2012 is as follows. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Weighted Average | Weighted Average | ||||||||||||||||
Shares | Exercise Price | Shares | Exercise Price | ||||||||||||||
Options/warrants outstanding, beginning of year | 49,500 | $ | 10 | 49,500 | $ | 10 | |||||||||||
Options/warrants cancelled | n/a | n/a | |||||||||||||||
Options/warrants exercised | - | n/a | - | n/a | |||||||||||||
Options/warrants granted | - | n/a | - | n/a | |||||||||||||
Options/warrants outstanding, December 31 | 49,500 | $ | 10 | 49,500 | $ | 10 | |||||||||||
Options/warrants exercisable, December 31 | 49,500 | $ | 10 | 49,500 | $ | 10 | |||||||||||
2013 | 2012 | ||||||||||||||||
Option/warrant price range, December 31 | $ | 10 | $ | 10 | |||||||||||||
Option/warrant price range, exercised shares | n/a | n/a | |||||||||||||||
Options/warrants available for grant at end of year | - | - | |||||||||||||||
Weighted average fair value of options /warrants granted during the year | n/a | n/a |
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
NOTE 11 – SUBSEQUENT EVENTS | |
Management has evaluated events and transactions subsequent to the balance sheet date through the date of this filing for potential recognition or disclosure in the financial statements. Management has not identified any items requiring recognition or disclosure. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' |
Cash and Cash Equivalents | ' |
Cash and Cash Equivalents | |
The Company considers cash on hand, deposits in banks, certificates of deposit and investments with original maturities of three months or less to be cash and cash equivalents. | |
Income Taxes | ' |
Income Taxes | |
The Company accounts for income taxes under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740 “Income Taxes”. Under the asset and liability method of FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. 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. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. | |
Income Per Share | ' |
Income Per Share | |
Basic income per share is calculated as income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted income per share is calculated using the “if converted” method for convertible securities and the “treasury stock” method for options and warrants. For the years ended December 31, 2013 and 2012 all securities convertible into common shares were anti-dilutive. | |
Estimates | ' |
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 of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
Going Concern | ' |
Going Concern | |
The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet identified ongoing operations and is considered a “shell” company. The lack of cash, losses, negative working capital, and shareholders deficit raise substantial doubt about its ability to continue as a going concern. | |
In order to continue as a going concern, the Company will need, among other things, capital resources. Management plans to identify an industry in which to invest and begin operating within this “shell” company. Management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. | |
The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually obtain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the company is unable to continue as a going concern. |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Schedule of Income Tax Benefit (Expense) | ' | ||||||||
Income tax benefit (expense) attributable to income (loss) before income taxes differed from the amounts computed by applying the United States of America federal tax rate of 34% to income (loss) before income taxes as a result of the following: | |||||||||
2013 | 2012 | ||||||||
Computed expected income tax benefit | $ | 9,795 | $ | 33,030 | |||||
Valuation allowance | (9,795 | ) | (33,030 | ) | |||||
$ | - | $ | - |
Stockholders_Equity_Tables
Stockholders' Equity (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||
Schedule of Warrants | ' | ||||||||||||||||
Information regarding the warrants for the years ended December 31, 2013 and 2012 is as follows. | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
Weighted Average | Weighted Average | ||||||||||||||||
Shares | Exercise Price | Shares | Exercise Price | ||||||||||||||
Options/warrants outstanding, beginning of year | 49,500 | $ | 10 | 49,500 | $ | 10 | |||||||||||
Options/warrants cancelled | n/a | n/a | |||||||||||||||
Options/warrants exercised | - | n/a | - | n/a | |||||||||||||
Options/warrants granted | - | n/a | - | n/a | |||||||||||||
Options/warrants outstanding, December 31 | 49,500 | $ | 10 | 49,500 | $ | 10 | |||||||||||
Options/warrants exercisable, December 31 | 49,500 | $ | 10 | 49,500 | $ | 10 | |||||||||||
2013 | 2012 | ||||||||||||||||
Option/warrant price range, December 31 | $ | 10 | $ | 10 | |||||||||||||
Option/warrant price range, exercised shares | n/a | n/a | |||||||||||||||
Options/warrants available for grant at end of year | - | - | |||||||||||||||
Weighted average fair value of options /warrants granted during the year | n/a | n/a |
Statement_of_Cash_Flows_Supple1
Statement of Cash Flows Supplementary Disclosure (Details Narrative) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Statement Of Cash Flows Supplementary Disclosure Details Narrative | ' | ' |
Interest paid | $0 | $0 |
Income taxes | $0 | $0 |
Income_Taxes_Details_Narrative
Income Taxes (Details Narrative) | 12 Months Ended |
Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Federal income tax rate | 34.00% |
Income_Taxes_Schedule_of_Incom
Income Taxes - Schedule of Income Tax Benefit (Expense) (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Income Tax Disclosure [Abstract] | ' | ' |
Computed expected income tax benefit | $9,795 | $33,030 |
Valuation allowance | -9,795 | -33,030 |
Total income tax benefit (expense) | ' | ' |
Uncertain_Tax_Positions_Detail
Uncertain Tax Positions (Details Narrative) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Income Tax Uncertainties [Abstract] | ' | ' | ' |
Effective foreign income tax rate | 25.00% | 25.00% | 25.00% |
Stockholders_Equity_Details_Na
Stockholders' Equity (Details Narrative) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Equity [Abstract] | ' | ' |
Common stock, authorized | 100,000,000 | 100,000,000 |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares issued | 47,391,449 | ' |
Common stock, shares outstanding | 47,391,449 | 47,391,449 |
Preferred stock, shares authorized | 5,000,000 | ' |
Preferred stock, par value | $0.00 | ' |
Designated shares, number | 0 | ' |
Warrants exercise price | 10 | ' |
Non employee warrants, not exercised | 49,500 | 49,500 |
Stockholders_Equity_Schedule_o
Stockholders' Equity - Schedule of Warrants (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Equity [Abstract] | ' | ' |
Options/warrants outstanding, beginning of year, shares | 49,500 | 49,500 |
Options/warrants cancelled, shares | ' | ' |
Options/warrants exercised, shares | ' | ' |
Options/warrants granted, shares | ' | ' |
Options/warrants outstanding, ending year, shares | 49,500 | 49,500 |
Options/warrants exercisable, shares | 49,500 | 49,500 |
Options/warrants outstanding, beginning of year, exercise price | $10 | $10 |
Options/warrants outstanding, ending year, exercise price | $10 | $10 |
Options/warrants exercisable, exercise price | $10 | $10 |
Option/warrant price range | $10 | $10 |
Option/warrant price range, exercised shares | ' | ' |
Options/warrants available for grant at end of year | ' | ' |
Weighted average fair value of options /warrants granted during the year | ' | ' |