Creative Medical Technology (CELZ) 10-K 27 Feb 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Feb. 27, 2015	Jun. 30, 2014
STOCKHOLDERS' DEFICIT CHANGES
Entity Registrant Name	JOLLEY MARKETING INC
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Entity Central Index Key	1187953
Current Fiscal Year End Date	-19
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	FY
Entity Public Float			$0

JOLLEY_MARKETING_INC_BALANCE_S

JOLLEY MARKETING, INC. BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
CURRENT ASSETS:
Cash	$954	$374
Total Current Assets	954	374
Total Assets	954	374
CURRENT LIABILITIES:
Accounts payable	10,188	8,083
Notes payable and accrued interest - related party	143,809	117,322
Total Current Liabilities	153,997	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	-325,338	-297,326
Total Stockholders' Deficit	-153,043	-125,031
Total Liabilities and Stockholders' Deficit	$954	$374

Recovered_Sheet1

Jolley Marketing, Inc. Balance Sheet (Parenthetical) (USD $)	Dec. 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_STATEMENT

JOLLEY MARKETING, INC. STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Statement
REVENUE	$0	$0
OPERATING EXPENSES:
Professional fees	18,676	19,445
Other general and administrative	750	675
Total Operating Expenses	19,426	20,120
LOSS BEFORE OTHER INCOME (EXPENSE)	-19,426	-20,120
OTHER INCOME (EXPENSE):
Interest expense - related party	-8,586	-7,162
Total Other Income (Expense)	-8,586	-7,162
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	-28,012	-27,282
CURRENT INCOME TAX BENEFIT (EXPENSE)	0	0
DEFERRED INCOME TAX BENEFIT (EXPENSE)	0	0
Net Loss	($28,012)	($27,282)
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_STATEMENT1

JOLLEY MARKETING, INC. STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013 (USD $)	Preferred stock	Common stock	Capital in Excess of Par Value	Retained Deficit	Total
Stockholders' Equity, beginning balance at Dec. 31, 2012	$0	$18,114	$154,181	($270,044)	($97,749)
Balance preferred shares, beginning balance at Dec. 31, 2012	0
Balance common shares, beginning balance at Dec. 31, 2012		18,113,750	0	0	18,113,750
Net Loss	0	0	0	-27,282	-27,282
Stockholders' Equity, ending balance at Dec. 31, 2013	0	18,114	154,181	-297,326	-125,031
Balance preferred shares, ending balance at Dec. 31, 2013	0				0
Balance common shares, ending balance at Dec. 31, 2013		18,113,750	0	0	18,113,750
Net Loss	0	0	0	-28,012	-28,012
Stockholders' Equity, ending balance at Dec. 31, 2014	$0	$18,114	$154,181	($325,338)	($153,043)
Balance preferred shares, ending balance at Dec. 31, 2014	0				0
Balance common shares, ending balance at Dec. 31, 2014		18,113,750	0	0	18,113,750

JOLLEY_MARKETING_INC_STATEMENT2

JOLLEY MARKETING, INC. STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash Flows From Operating Activities:
Net Loss	($28,012)	($27,282)
(Increase) decrease in prepaid expense	0	787
Increase (decrease) in accounts payable	2,106	-1,897
Increase in accrued interest - related party	8,586	5,485
Net cash used by operating activities	-17,320	-22,907
Net cash provided by investing activities	0	0
Cash Flows From Financing Activities:
Payments on notes payable - related party	0	-13,350
Proceeds from issuance of notes payable - related party	17,900	35,850
Net cash provided by financing activities	17,900	22,500
Net Increase (Decrease) in Cash	580	-407
Cash at Beginning of Period	374	781
Cash at End of Period	954	374
Supplemental Disclosures of Cash Flow Information:
Interest	0	1,675
Income taxes	$0	$0

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Notes
Summary of Significant Accounting Policies
	NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Organization – Jolley Marketing, Inc. (“the Company”) was organized under the laws of the State of Nevada on December 3, 1998. The Company sold lighting products to industrial, commercial, and residential customers through June 2008, when the Company discontinued its operations.
	In September 2002 the Company filed SEC Form SB-2 but immediately withdrew the filing in November of the same year due to health problems of the Company’s president. None of the Company’s securities were offered, or sold, under that registration.
	Cash and Cash Equivalents - The Company considers all highly liquid debt investments purchased with a maturity of three months or less to be cash equivalents.
	Accounting Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures 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 estimated by management.
	Dividends - The Company has, at the present time, not paid any dividends and any dividends that may be paid in the future will depend upon the financial requirements of the Company and other relevant factors.
	Revenue Recognition - The Company recognizes revenue net of sales taxes when rights and risk of ownership have passed to the customer, when there is persuasive evidence of an arrangement, the product has been delivered to the customer, the price and terms are finalized, and collection of resulting receivable is reasonably assured.
	Impairment of Long-Lived Assets - The Company reviews long-lived assets, at least annually, to determine if impairment has occurred and whether the economic benefit of the asset (fair value of assets to be used and fair value less disposal cost for assets to be disposed of) is expected to be less than the carrying value.  Triggering events, which signal further analysis, consist of a significant decrease in the asset's market value, a substantial change in the use of an asset, a significant physical change in the asset, a significant change in the legal or business climate that could affect the asset, an accumulation of costs significantly in excess of the amount originally expected to acquire or construct the asset, or a history of losses that imply continued loss associated with assets used to generate revenue.  The Company has no long-lived assets as of December 31, 2014 and 2013.
	Income Taxes - The Company applies ASC 740, Income Taxes, which requires the asset and liability method of accounting for income taxes.  The asset and liability method requires that the current or deferred tax consequences of all events recognized in the financial statements are measured by applying the provisions of enacted tax laws to determine the amount of taxes payable or refundable currently or in future years.  Deferred income taxes are provided for items reported in different periods for income tax purposes than for financial reporting purposes.  Deferred tax assets are reviewed for recoverability and the Company records a valuation allowance to reduce its deferred tax assets when it is more likely than not that all or some portion of the deferred tax assets will not be recovered.
	The Company adopted ASC 740, Accounting for Uncertainty in Income Taxes on January 1, 2007.  This interpretation requires recognition and measurement of uncertain tax positions using a "more-likely-than-not" approach, requiring the recognition and measurement of uncertain tax positions.  The adoption of ASC 740 had no material impact on the Company's financial statements. (See Note 5 below)
	Earnings (Loss) Per Share - The basic computation of loss per share is based on the weighted average number of shares outstanding during the period presented in accordance with ASC 260, "Earnings Per Share." (See Note 7)
	The computation of diluted earnings per common share is based on the weighted average number of shares outstanding during the period plus the common stock equivalents which would arise from the exercise of stock options and warrants outstanding using the treasury stock method and the average market price per share during the period.  Common stock equivalents are not included in the diluted earnings per share calculation when their effect is antidilutive.  The Company has not granted any stock options or warrants since inception.
	Recently Enacted Accounting Standards - From time to time, new accounting pronouncements are issued by FASB that are adopted by the Company as of the specified effective date.  If not discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company’s financial statements upon adoption.
	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 year ended December 31, 2014, the Company incurred a net loss of $28,012, had negative cash flows, and has no operations.  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	12 Months Ended
	Dec. 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. For the years ended December 2014 and 2013, the Company accrued interest expense of $4,252 and $4,252, respectively, on the notes.  Total accrued interest is $20,841 and $16,589 at December 31, 2014 and December 31, 2013, respectively.
	On August 1, 2011 a minority shareholder loaned $6,000 to the Company.  The note is in twenty four months and bears interest at 8% per annum.  On August 6, 2013 this note and accrued interest was paid in full.  For the year ended December 31, 2014 and 2013, the Company accrued interest expense of $0 and $289, respectively on the note.
	On February 8, 2012 a minority shareholder loaned $3,500 to the Company.  On March 5, 2012, a related party loaned $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.  On May 8, 2014, a minority shareholder loaned $5,250 to the Company.  On August 4, 2014, a minority shareholder loaned $2,650 to the Company.  On October 15, 2014, a minority shareholder loaned $5,000 to the Company.  As of December 31, 2014, the total outstanding balance of these notes payable is $62,850These notes are due on demand and bears interest at 8% per annum.  During the years ended December 31, 2014 and 2013, the Company recorded interest expense of $4,334 and $2,910 respectively, on these notes.  Total accrued interest is $6,968 and $ 2,634 at December 31, 2014 and December 31, 2013, respectively.
	Management Compensation - During the years ended December 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	12 Months Ended
	Dec. 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 as of December 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 as of December 31, 2014 and December 31, 2013.

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2014
Notes
Income Taxes
	NOTE 5 INCOME TAXES
	The Company accounts for income taxes in accordance with ASC 740, “Income Taxes.”  This standard requires the Company to provide a net deferred tax asset or liability equal to the expected future tax benefit or expense of temporary reporting differences between book and tax accounting and any available operating loss or tax credit carryforwards.
	The Company has available at December 31, 2014, net operating loss carryforwards of approximately $193,800 which may be applied against future taxable income and which expire in 2026 through 2034.  If there are substantial changes in the Company’s ownership, there may be an annual limitation on the amount of net operating loss carryforwards which can be utilized.  The amount of and ultimate realization of the benefits from the deferred tax assets for income tax purposes is dependent, in part, upon the tax laws in effect, the Company’s future earnings, and other future events, the effects of which cannot be determined.  Because of the uncertainty surrounding the realization of the deferred tax assets, the Company has established a valuation allowance equal to the net deferred tax assets and, therefore, no deferred tax assets have been recognized.  The net deferred tax assets are approximately $29,100 and $26,200 as of December 31, 2014 and 2013, respectively, with an offsetting valuation allowance of the same amount.  The change in the valuation allowance for the year ended December 31, 2014 is approximately $2,910.
	The Company adopted the provisions of ASC 740, Accounting for Uncertainty in Income Taxes, on January 1, 2007.  As result of the implementation of ASC 740, the Company recognized no increase in the liability for unrecognized tax benefits.  The Company has no tax positions at December 31, 2014 and 2013 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility.
	The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.  During the period ended December 31, 2014 and 2013, the Company recognized no interest and penalties.  The Company had no accruals for interest and penalties at December 31, 2014 and 2013.
	The tax years 2013, 2012, 2011, 2010, 2009, 2008, and 2007 remain open to examination for federal income tax purposes and by the other major taxing jurisdictions to which the Company is subject.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2014
Notes
Fair Value of Financial Instruments
	NOTE 6 - 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	12 Months Ended
	Dec. 31, 2014
Notes
Loss Per Share
	NOTE 7 - Loss per Share
	The following data shows the amounts used in computing loss per share for the periods presented:
		For the years ended December 31, 2014	For the years ended December 31, 2013
	Loss available to common Stockholders (numerator)	-28,012	-27,282
	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 was not presented; however, there was no impact because the Company had no common equivalent shares for any of the periods presented that would affect the computation of diluted loss per share.  Furthermore, as the Company has losses for the periods ended December 31, 2014 and 2013, the potentially dilutive shares are anti-dilutive and are thus not added into the loss per share calculation.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Notes
Subsequent Events
	NOTE 8 - SUBSEQUENT EVENTS
	One February 9, 2015 the Company amended two promissory notes that were set to expire in the first quarter of 2015.  The amendments extended the notes for one year.
	The Company has evaluated subsequent events from the balance sheet date to the date the financial statements were issued and has concluded that no additional recognized or nonrecognized subsequent events have occurred since December 31, 2014.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Organization, Consolidation and Presentation of Financial Statements Disclosure
	Organization – Jolley Marketing, Inc. (“the Company”) was organized under the laws of the State of Nevada on December 3, 1998. The Company sold lighting products to industrial, commercial, and residential customers through June 2008, when the Company discontinued its operations.
	In September 2002 the Company filed SEC Form SB-2 but immediately withdrew the filing in November of the same year due to health problems of the Company’s president. None of the Company’s securities were offered, or sold, under that registration.
Cash and Cash Equivalents
	Cash and Cash Equivalents - The Company considers all highly liquid debt investments purchased with a maturity of three months or less to be cash equivalents.
Use of Estimates, Policy
	Accounting Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures 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 estimated by management.
Dividends
	Dividends - The Company has, at the present time, not paid any dividends and any dividends that may be paid in the future will depend upon the financial requirements of the Company and other relevant factors.
Revenue Recognition
	Revenue Recognition - The Company recognizes revenue net of sales taxes when rights and risk of ownership have passed to the customer, when there is persuasive evidence of an arrangement, the product has been delivered to the customer, the price and terms are finalized, and collection of resulting receivable is reasonably assured.
Impairment of Long-Lived Assets
	Impairment of Long-Lived Assets - The Company reviews long-lived assets, at least annually, to determine if impairment has occurred and whether the economic benefit of the asset (fair value of assets to be used and fair value less disposal cost for assets to be disposed of) is expected to be less than the carrying value.  Triggering events, which signal further analysis, consist of a significant decrease in the asset's market value, a substantial change in the use of an asset, a significant physical change in the asset, a significant change in the legal or business climate that could affect the asset, an accumulation of costs significantly in excess of the amount originally expected to acquire or construct the asset, or a history of losses that imply continued loss associated with assets used to generate revenue.  The Company has no long-lived assets as of December 31, 2014 and 2013.
Income Tax, Policy
	Income Taxes - The Company applies ASC 740, Income Taxes, which requires the asset and liability method of accounting for income taxes.  The asset and liability method requires that the current or deferred tax consequences of all events recognized in the financial statements are measured by applying the provisions of enacted tax laws to determine the amount of taxes payable or refundable currently or in future years.  Deferred income taxes are provided for items reported in different periods for income tax purposes than for financial reporting purposes.  Deferred tax assets are reviewed for recoverability and the Company records a valuation allowance to reduce its deferred tax assets when it is more likely than not that all or some portion of the deferred tax assets will not be recovered.
	The Company adopted ASC 740, Accounting for Uncertainty in Income Taxes on January 1, 2007.  This interpretation requires recognition and measurement of uncertain tax positions using a "more-likely-than-not" approach, requiring the recognition and measurement of uncertain tax positions.  The adoption of ASC 740 had no material impact on the Company's financial statements. (See Note 5 below)
Earnings (loss) Per Share
	Earnings (Loss) Per Share - The basic computation of loss per share is based on the weighted average number of shares outstanding during the period presented in accordance with ASC 260, "Earnings Per Share." (See Note 7)
	The computation of diluted earnings per common share is based on the weighted average number of shares outstanding during the period plus the common stock equivalents which would arise from the exercise of stock options and warrants outstanding using the treasury stock method and the average market price per share during the period.  Common stock equivalents are not included in the diluted earnings per share calculation when their effect is antidilutive.  The Company has not granted any stock options or warrants since inception.
Recently Enacted Accounting Standards
	Recently Enacted Accounting Standards - From time to time, new accounting pronouncements are issued by FASB that are adopted by the Company as of the specified effective date.  If not discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company’s financial statements upon adoption.
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 year ended December 31, 2014, the Company incurred a net loss of $28,012, had negative cash flows, and has no operations.  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)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Amounts used in computing loss per share
	The following data shows the amounts used in computing loss per share for the periods presented:
		For the years ended December 31, 2014	For the years ended December 31, 2013
	Loss available to common Stockholders (numerator)	-28,012	-27,282
	Weighted average number of common shares outstanding during the period used in loss per share (denominator)	18,113,750	18,113,750

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	12 Months Ended			36 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2011	Dec. 31, 2011	Oct. 15, 2014	Aug. 04, 2014	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
Notes Payable, Related Parties	$53,150
Related Party Transaction, Rate	8.00%		8.00%	8.00%
Accrued Interest Expense On Notes	4,252	4,252
Total Accrued Interest Expense On Notes	20,841	16,589
Minority Shareholder Loans					5,000	2,650	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	0	289
Total outstanding minority loans	62,850
Interest Expense on Minority Shareholder Loans	4,334	2,910
Total accrued interest	$6,968	$2,634

Capital_Stock_Details

Capital Stock (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
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	18,113,750

Income_Taxes_Details

Income Taxes (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Operating Loss Carryforwards	$193,800
Deferred Tax Assets, Net	29,100	26,200
Valuation Allowance, Deferred Tax Asset, Change in Amount	$2,910

Loss_Per_Share_Details

Loss Per Share (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Net Loss	($28,012)	($27,282)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	18,113,750	18,113,750