Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Mar. 31, 2014 | 15-May-14 | |
STOCKHOLDERS' DEFICIT CHANGES | ' | ' |
Entity Registrant Name | 'JOLLEY MARKETING INC | ' |
Document Type | '10-Q | ' |
Document Period End Date | 31-Mar-14 | ' |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001187953 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 18,113,750 |
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 | ' |
JOLLEY_MARKETING_INC_UNAUDITED
JOLLEY MARKETING, INC. UNAUDITED CONDENSED BALANCE SHEETS (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
CURRENT ASSETS: | ' | ' |
Cash | $1,289 | $374 |
Total Current Assets | 1,289 | 374 |
Total Assets | 1,289 | 374 |
CURRENT LIABILITIES: | ' | ' |
Accounts payable | 12,037 | 8,083 |
Notes payable and accrued interest - related parties | 124,298 | 117,322 |
Total Current Liabilities | 136,335 | 125,405 |
STOCKHOLDERS' DEFICIT: | ' | ' |
Preferred stock, $0.001 par value, 10,000,000 shares authorized, no shares issued and outstanding | 0 | 0 |
Common stock, $0.001 par value, 600,000,000 shares authorized, 18,113,750 shares issued and Outstanding | 18,114 | 18,114 |
Capital in excess of par value | 154,181 | 154,181 |
Retained Deficit | -307,341 | -297,326 |
Total Stockholders' Deficit | -135,046 | -125,031 |
Total Liabilities and Stockholders' Deficit | $1,289 | $374 |
Jolley_Marketing_Inc_Balance_S
Jolley Marketing, Inc. Balance Sheet (Parenthetical) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Statement of Financial Position | ' | ' |
Preferred stock authorized | 10,000,000 | 10,000,000 |
Preferred stock par value | $0.00 | $0.00 |
Preferred stock outstanding | 0 | 0 |
Preferred stock issued | 0 | 0 |
Common stock authorized | 600,000,000 | 600,000,000 |
Common stock par value | $0.00 | $0.00 |
Common stock outstanding | 18,113,750 | 18,113,750 |
Common stock issued | 18,113,750 | 18,113,750 |
JOLLEY_MARKETING_INC_UNAUDITED1
JOLLEY MARKETING, INC. UNAUDITED CONDENSED STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Income Statement | ' | ' |
REVENUE | $0 | $0 |
OPERATING EXPENSES: | ' | ' |
Professional fees | 7,964 | 8,454 |
Other general and administrative | 75 | 0 |
Total Operating Expenses | 8,039 | 8,454 |
LOSS BEFORE OTHER INCOME (EXPENSE) | -8,039 | -8,454 |
OTHER INCOME (EXPENSE): | ' | ' |
Interest expense - related party | -1,976 | -1,595 |
Total Other Income (Expense) | -1,976 | -1,595 |
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | -10,015 | -10,049 |
CURRENT INCOME TAX BENEFIT (EXPENSE) | 0 | 0 |
DEFERRED INCOME TAX BENEFIT (EXPENSE) | 0 | 0 |
NET LOSS | ($10,015) | ($10,049) |
BASIC AND DILUTED LOSS PER COMMON SHARE: | ' | ' |
Net loss per common share | $0 | $0 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 18,113,750 | 18,113,750 |
JOLLEY_MARKETING_INC_UNAUDITED2
JOLLEY MARKETING, INC. UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Cash Flows From Operating Activities: | ' | ' |
NET LOSS | ($10,015) | ($10,049) |
(Increase) decrease in prepaid expense | 0 | -394 |
Increase (decrease) in accrued interest - related party | 1,976 | 1,595 |
Increase (decrease) in accounts payable | 3,954 | -186 |
Net Cash Used by Operating Activities | -4,085 | -9,034 |
Cash Flows From Investing Activities: | ' | ' |
Net Cash Provided by Investing Activities | 0 | 0 |
Cash Flows From Financing Activities: | ' | ' |
Proceeds from issuance of notes payable - related party | 5,000 | 8,850 |
Payments on Notes Payable - related party | 0 | 0 |
Net Cash Provided by Financing Activities | 5,000 | 8,850 |
Net Increase (Decrease) in Cash | 915 | -184 |
Cash at Beginning of Period | 374 | 781 |
Cash at End of Period | 1,289 | 597 |
Interest | 0 | 0 |
Income taxes | $0 | $0 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2014 | |
Notes | ' |
Summary of Significant Accounting Policies | ' |
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Condensed Financial Statements - The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows at March 31, 2014 and 2013 and for the periods then ended have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America 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 December 31, 2013 audited financial statements in the Company’s 2013 annual report on Form 10-K. The results of operations for the periods ended March 31, 2014 are not necessarily indicative of the operating results for the full year. | |
NOTE 2 GOING CONCERN | |
The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, during the three months ended March 31, 2014, the Company incurred a net loss of $10,015, had negative cash flows from operating activities, had current liabilities in excess of current assets, and had no revenue-generating activities. These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans or through additional sales of common stock. There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. |
Related_Party_Transactions
Related Party Transactions | 3 Months Ended |
Mar. 31, 2014 | |
Notes | ' |
Related Party Transactions | ' |
NOTE 3 RELATED PARTY TRANSACTIONS | |
Notes Payable – During 2009, 2010 and 2011, an entity owned by an officer/shareholder of the Company loaned a total of $53,150 to the Company. The notes are due on demand and bear interest at 8% per annum. During the three months ended March 31, 2014 and 2013, the Company accrued interest expense of $1,063 and $1,063, respectively, on the notes. Total accrued interest is $17,652 and $16,589 at March 31, 2014 and December 31, 2013, respectively. | |
On August 1, 2011 a minority shareholder loaned $6,000 to the Company. The note is due on demand and bears interest at 8% per annum. On August 6, 2013 this note and accrued interest was repaid in full. During the three months ended March 31, 2013, the Company accrued interest expense of $120 on the notes, respectively. | |
On February 8, 2012 a minority shareholder loaned $3,500 to the Company. On March 5, 2012, a related party loaned an additional $3,000 to the Company. On May 2, 2012, a minority shareholder loaned $2,500 to the Company. This note was paid in full in 2013. On July 16, 2012, a minority shareholder loaned $1,000 to the Company. On August 7, 2012, a minority shareholder loaned $3,200 to the Company. This note was paid in full in 2013. On November 1, 2012 a minority shareholder loaned $1,600 to the Company. On November 13, 2012, a minority shareholder loaned $1,650 to the Company. This note was paid in full in 2013. On February 4, 2013, a minority shareholder loaned $6,000 to the Company. On March 14, 2013, a minority shareholder loaned $2,850 to the Company. On May 9, 2013 a minority shareholder loaned $5,700 to the Company. On August 6, 2013, a minority shareholder loaned $12,000 to the Company. On November 7, 2013, a minority shareholder loaned $9,300 to the Company. On March 18, 2014, a minority shareholder loaned $5,000 to the Company. As of March 31, 2014, the total outstanding balance of these notes payable is $49,950. These notes are due on demand and bear interest at 8% per annum. During the three months ended March 31, 2014 and 2013, the Company recorded interest expense of $913 and $532 on these notes. Total accrued interest is $3,546 and $2,634 at March 31, 2014 and December 31, 2013, respectively. | |
Management Compensation - During the three month ended March 31, 2014 and 2013, the Company paid no compensation to its officers and directors. | |
Office Space - The Company has not had a need to rent office space. Officers/stockholders of the Company have allowed the Company to use their offices as a mailing address, as needed, at no cost to the Company. |
Capital_Stock
Capital Stock | 3 Months Ended |
Mar. 31, 2014 | |
Notes | ' |
Capital Stock | ' |
NOTE 4 - CAPITAL STOCK | |
Preferred Stock - The Company has authorized 10,000,000 shares preferred stock, $0.001 par value, with such rights, preferences and designations and to be issued in such series as determined by the Board of Directors. No shares are issued and outstanding at March 31, 2014 and December 31, 2013. | |
Common Stock - The Company has authorized 600,000,000 shares of common stock, $0.001 par value. The Company has 18,113,750 common shares issued and outstanding at March 31, 2014 and December 31, 2013. |
Fair_Value_of_Financial_Instru
Fair Value of Financial Instruments | 3 Months Ended |
Mar. 31, 2014 | |
Notes | ' |
Fair Value of Financial Instruments | ' |
NOTE 5 - FAIR VALUE OF FINANCIAL INSTRUMENTS | |
The Company’s financial instruments consist of cash and accounts payable. The carrying amount of cash and accounts payable approximates fair value because of the short-term nature of these items. |
Loss_Per_Share
Loss Per Share | 3 Months Ended | ||||
Mar. 31, 2014 | |||||
Notes | ' | ||||
Loss Per Share | ' | ||||
NOTE 6 - LOSS PER SHARE | |||||
The following data shows the amounts used in computing loss per share for the periods presented: | |||||
For the three months ended March 31, 2014 | For the three months ended March 31, 2013 | ||||
Loss available to common Stockholders (numerator) | $ | -10,015 | $ | -10,049 | |
Weighted average number of common shares outstanding during the period used in loss per share (denominator) | 18,113,750 | 18,113,750 | |||
Dilutive loss per share is equivalent to basic loss per share for the years ended March 31, 2014 and 2013. |
Subsequent_Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2014 | |
Notes | ' |
Subsequent Events | ' |
NOTE 7 - SUBSEQUENT EVENTS | |
On May 8, 2014, the Company received a loan from a related party in the amount of $5,250 . The loan accrues interest at a rate of 8% and is due when called by the shareholders/directors. | |
The Company has evaluated subsequent events from the balance sheet date through the date these financial statements were issued and concluded there are no additional events to disclose. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2014 | |
Policies | ' |
Condensed Financial Statements | ' |
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Condensed Financial Statements - The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows at March 31, 2014 and 2013 and for the periods then ended have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America 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 December 31, 2013 audited financial statements in the Company’s 2013 annual report on Form 10-K. The results of operations for the periods ended March 31, 2014 are not necessarily indicative of the operating results for the full year. | |
Going Concern | ' |
NOTE 2 GOING CONCERN | |
The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. However, during the three months ended March 31, 2014, the Company incurred a net loss of $10,015, had negative cash flows from operating activities, had current liabilities in excess of current assets, and had no revenue-generating activities. These factors raise substantial doubt about the ability of the Company to continue as a going concern. In this regard, management is proposing to raise any necessary additional funds not provided by operations through loans or through additional sales of common stock. There is no assurance that the Company will be successful in raising this additional capital or in achieving profitable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. |
Loss_Per_Share_Tables
Loss Per Share (Tables) | 3 Months Ended | ||||
Mar. 31, 2014 | |||||
Tables/Schedules | ' | ||||
Amounts used in computing loss per share | ' | ||||
For the three months ended March 31, 2014 | For the three months ended March 31, 2013 | ||||
Loss available to common Stockholders (numerator) | $ | -10,015 | $ | -10,049 | |
Weighted average number of common shares outstanding during the period used in loss per share (denominator) | 18,113,750 | 18,113,750 |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Details | ' | ' |
NET LOSS | $10,015 | $10,049 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 3 Months Ended | 12 Months Ended | 36 Months Ended | |||||||||||||||||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2011 | 8-May-14 | Mar. 18, 2014 | Dec. 31, 2013 | Nov. 07, 2013 | Aug. 06, 2013 | 9-May-13 | Mar. 14, 2013 | Feb. 04, 2013 | Nov. 13, 2012 | Nov. 01, 2012 | Aug. 07, 2012 | Jul. 16, 2012 | 2-May-12 | Mar. 05, 2012 | Feb. 08, 2012 | Aug. 01, 2011 | |
Details | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes Payable, Related Parties | $53,150 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Related Party Transaction, Rate | 8.00% | ' | 8.00% | 8.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued Interest Expense On Notes | 1,063 | 1,063 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Accrued Interest Expense On Notes | 17,652 | ' | ' | ' | ' | ' | 16,589 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minority Shareholder Loans | ' | ' | ' | ' | 5,250 | 5,000 | ' | 9,300 | 12,000 | 5,700 | 2,850 | 6,000 | 1,650 | 1,600 | 3,200 | 1,000 | 2,500 | 3,000 | 3,500 | 6,000 |
Interest Expense on August 2011 Note | ' | 120 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total outstanding minority loans | 49,950 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Expense on Minority Shareholder Loans | 913 | 532 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total accrued interest | $3,546 | ' | ' | ' | ' | ' | $2,634 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital_Stock_Details
Capital Stock (Details) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Details | ' | ' |
Preferred stock authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Par or Stated Value Per Share | $0.00 | ' |
Common stock authorized | 600,000,000 | 600,000,000 |
Common Stock, Par or Stated Value Per Share | $0.00 | ' |
Common stock outstanding | 18,113,750 | 18,113,750 |
Loss_Per_Share_Details
Loss Per Share (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Details | ' | ' |
NET LOSS | ($10,015) | ($10,049) |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 18,113,750 | 18,113,750 |
Subsequent_Events_Details
Subsequent Events (Details) (USD $) | 3 Months Ended | 12 Months Ended | 36 Months Ended | |||||||||||||||
Mar. 31, 2014 | Dec. 31, 2011 | Dec. 31, 2011 | 8-May-14 | Mar. 18, 2014 | Nov. 07, 2013 | Aug. 06, 2013 | 9-May-13 | Mar. 14, 2013 | Feb. 04, 2013 | Nov. 13, 2012 | Nov. 01, 2012 | Aug. 07, 2012 | Jul. 16, 2012 | 2-May-12 | Mar. 05, 2012 | Feb. 08, 2012 | Aug. 01, 2011 | |
Details | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minority Shareholder Loans | ' | ' | ' | $5,250 | $5,000 | $9,300 | $12,000 | $5,700 | $2,850 | $6,000 | $1,650 | $1,600 | $3,200 | $1,000 | $2,500 | $3,000 | $3,500 | $6,000 |
Related Party Transaction, Rate | 8.00% | 8.00% | 8.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |