Document_And_Entity_Informatio
Document And Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Aug. 14, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'MADISON AVE HOLDINGS INC | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 500,000 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001284196 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
A_Development_Stage_Company_Ba
(A Development Stage Company) Balance Sheets (Current Period Unaudited) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Current assets: | ' | ' |
Cash and cash equivalents | ' | ' |
Prepaid expenses | ' | 3,000 |
Total current assets | ' | 3,000 |
Other assets | ' | ' |
Total assets | ' | 3,000 |
Current liabilities: | ' | ' |
Accounts payable and accrued expenses | ' | 1,000 |
Total current liabilities | ' | 1,000 |
Other liabilities | ' | ' |
Total liabilities | ' | 1,000 |
Stockholders' equity (deficiency): | ' | ' |
Common stock, $.001 par value; 10,000,000 shares authorized, 500,000 shares issued and outstanding | 500 | 500 |
Additional paid-in capital | 167,529 | 157,329 |
Deficit accumulated during the development stage | -168,029 | -155,829 |
Total stockholders' equity (deficiency) | ' | 2,000 |
Total liabilities and stockholders' equity (deficiency) | ' | $3,000 |
A_Development_Stage_Company_Ba1
(A Development Stage Company) Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Common stock, par value (in Dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, shares issued | 500,000 | 500,000 |
Common stock, shares outstanding | 500,000 | 500,000 |
A_Development_Stage_Company_St
(A Development Stage Company) Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | 124 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | |
Expenses: | ' | ' | ' | ' | ' |
General and administrative | $4,575 | $4,075 | $12,200 | $11,075 | $168,029 |
Total expenses | 4,575 | 4,075 | 12,200 | 11,075 | 168,029 |
Net loss | ($4,575) | ($4,075) | ($12,200) | ($11,075) | ($168,029) |
Net loss per share, basic and diluted (in Dollars per share) | ($0.01) | ($0.01) | ($0.02) | ($0.02) | ' |
Weighted average number of common shares outstanding, basic and diluted (in Shares) | 500,000 | 500,000 | 500,000 | 500,000 | ' |
A_Development_Stage_Company_St1
(A Development Stage Company) Statements of Cash Flows (Unaudited) (USD $) | 6 Months Ended | 124 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | |
Cash flows from operating activities: | ' | ' | ' |
Net loss | ($12,200) | ($11,075) | ($168,029) |
Changes in operating assets and liabilities: | ' | ' | ' |
Prepaid expenses | 3,000 | 2,000 | ' |
Accounts payable and accrued expenses | -1,000 | -1,105 | ' |
Net cash used in operating activities | -10,200 | -10,180 | -168,029 |
Cash flows from investing activities | ' | ' | ' |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from sale of common stock | ' | ' | 500 |
Capital contributions | 10,200 | 10,180 | 167,529 |
Net cash provided by financing activities | 10,200 | 10,180 | 168,029 |
Net increase (decrease) in cash | ' | ' | ' |
Cash and cash equivalents, beginning of period | ' | ' | ' |
Cash and cash equivalents, end of period | ' | ' | ' |
Supplemental disclosures of cash flow information: | ' | ' | ' |
Interest paid | ' | ' | ' |
Income taxes paid | ' | ' | ' |
Note_1_Interim_Financial_State
Note 1 - Interim Financial Statements | 6 Months Ended |
Jun. 30, 2014 | |
Disclosure Text Block [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
NOTE 1 – INTERIM FINANCIAL STATEMENTS | |
The unaudited financial statements as of June 30, 2014 and for the three and six months ended June 30, 2014 and 2013 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with instructions to Form 10-Q. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of June 30, 2014 and the results of operations and cash flows for the three and six months ended June 30, 2014 and 2013. The financial data and other information disclosed in these notes to the interim financial statements related to these periods are unaudited. The results for the six month period ended June 30, 2014 are not necessarily indicative of the results to be expected for any subsequent quarter of the entire year ending December 31, 2014. The balance sheet at December 31, 2013 has been derived from the audited financial statements at that date. | |
Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the Securities and Exchange Commission’s rules and regulations. These unaudited financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended December 31, 2013 as included in our report on Form 10-K. |
Note_2_Organization
Note 2 - Organization | 6 Months Ended |
Jun. 30, 2014 | |
Disclosure Text Block [Abstract] | ' |
Nature of Operations [Text Block] | ' |
NOTE 2 – ORGANIZATION | |
Madison Avenue Holdings Inc. (the “Company”) was incorporated in the State of Delaware on February 27, 2004. The Company has no products or services; the Company is seeking a business to merge with or acquire. |
Note_3_Summary_of_Significant_
Note 3 - Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Basis of presentation – The Company has been presented as a “development stage enterprise” in accordance with Accounting Standards Codification (“ASC”) 915, “Development Stage Entities”. Since inception, the Company’s activities have been limited to organizational efforts, obtaining initial financing, and making filings with the Securities and Exchange Commission. | |
At June 30, 2014, the Company had no cash and for the period February 27, 2004 (inception) to June 30, 2014, the Company incurred a net loss of $168,029. These factors create uncertainty as to the Company’s ability to continue as a going concern. The Company is making efforts to acquire a business with assets and operations. However, there is no assurance that the Company will be successful in accomplishing this objective. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. |
Note_4_Stockholders_Equity
Note 4 - Stockholders' Equity | 6 Months Ended |
Jun. 30, 2014 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
NOTE 4 – STOCKHOLDERS’ EQUITY | |
In March 2004, the Company sold 500,000 shares of its common stock at a price of $.001 per share, or $500 total, to a corporation (the “First Stockholder”) controlled by the then president and director of the Company. From March 2004 to September 2005, the First Stockholder made additional capital contributions to the Company of $13,951. | |
In August 2005, the First Stockholder of the Company sold 475,000 shares of Company common stock to an unrelated third party (the “Second Stockholder”). The Company agreed under the related Stock Purchase Agreement that, in exchange for the First Stockholder’s efforts in procuring the Second Stockholder’s services to identify merger or acquisition targets for the Company; in the event that the Company successfully completes a merger or acquisition of one or more business entities identified by the new 95% Second Stockholder (the “Business Combination”), the Company will issue such number of new shares of the common stock of the Company to the First Stockholder so that it will continue to retain 5% of equity ownership in the Company immediately after the close of any Business Combination. From October 2005 to June 2006, the Second Stockholder made additional capital contributions to the Company of $7,744. | |
In June 2006, the Second Stockholder sold a total of 237,500 shares of Company common stock to two unrelated third parties (the “Third Stockholder” and the “Fourth Stockholder”), 118,750 shares to each of them. From September 2006 to June 2014, the Second Stockholder, Third Stockholder and Fourth Stockholder made capital contributions to the Company of $145,834. |
Note_5_Income_Taxes
Note 5 - Income Taxes | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||||||||||||
NOTE 5 – INCOME TAXES | |||||||||||||||||||||
The provision for (benefit from) income taxes differs from the amount computed by applying the statutory United States federal income tax rate of 34% to income (loss) before income taxes. The sources of the difference follow: | |||||||||||||||||||||
Three | Three | Six | Six | Cumulative | |||||||||||||||||
months | months | months | months | during the | |||||||||||||||||
ended | ended | ended | ended | Development | |||||||||||||||||
June 30, | June 30, | June 30, | June 30, | Stage | |||||||||||||||||
2014 | 2013 | 2014 | 2012 | (February 27, | |||||||||||||||||
2004 to | |||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
Expected tax at 34% | $ | (1,556 | ) | $ | (1,386 | ) | (4,148 | ) | $ | (3,766 | ) | $ | (57,130 | ) | |||||||
Increase in valuation allowance | 1,556 | 1,386 | 4,148 | 3,766 | 57,130 | ||||||||||||||||
Income tax provision | $ | - | $ | - | - | $ | - | $ | - | ||||||||||||
Significant components of the Company's deferred income tax assets are as follows: | |||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | ||||||||||||||||||||
Net operating loss carryforward | $ | 57,130 | $ | 52,982 | |||||||||||||||||
Less valuation allowance | (57,130 | ) | (52,982 | ) | |||||||||||||||||
Deferred income tax assets - net | $ | - | $ | - | |||||||||||||||||
Based on management ‘s present assessment, the Company has not yet determined it to be more likely than not that a deferred tax asset of $57,130 attributable to the future utilization of the $168,029 net operating loss carryforward as of June 30, 2014 will be realized. Accordingly, the Company has maintained a 100% allowance against the deferred tax asset in the financial statements at June 30, 2014. The Company will continue to review this valuation allowance and make adjustments as appropriate. The net operating loss carryforward expires in years 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033 and 2034 in the amounts of $7,297, $12,450, $9,621, $20,306, $16,739, $15,325, $16,318, $18,203, $19,160, $20,410 and $12,200 respectively. | |||||||||||||||||||||
Current tax laws limit the amount of loss available to be offset against future taxable income when a substantial change in ownership occurs. Therefore, the amount available to offset future taxable income may be limited. |
Note_6_Commitments_and_Conting
Note 6 - Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
NOTE 6 – COMMITMENTS AND CONTINGENCIES | |
All activities of the Company are being conducted by the officers and directors from either their homes or their business offices at no cost to the Company. The officers and directors have agreed to continue this arrangement until the Company completes a business combination. |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Basis of Accounting, Policy [Policy Text Block] | ' |
Basis of presentation – The Company has been presented as a “development stage enterprise” in accordance with Accounting Standards Codification (“ASC”) 915, “Development Stage Entities”. Since inception, the Company’s activities have been limited to organizational efforts, obtaining initial financing, and making filings with the Securities and Exchange Commission. | |
At June 30, 2014, the Company had no cash and for the period February 27, 2004 (inception) to June 30, 2014, the Company incurred a net loss of $168,029. These factors create uncertainty as to the Company’s ability to continue as a going concern. The Company is making efforts to acquire a business with assets and operations. However, there is no assurance that the Company will be successful in accomplishing this objective. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. |
Note_5_Income_Taxes_Tables
Note 5 - Income Taxes (Tables) | 6 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||||||||||||||
Three | Three | Six | Six | Cumulative | |||||||||||||||||
months | months | months | months | during the | |||||||||||||||||
ended | ended | ended | ended | Development | |||||||||||||||||
June 30, | June 30, | June 30, | June 30, | Stage | |||||||||||||||||
2014 | 2013 | 2014 | 2012 | (February 27, | |||||||||||||||||
2004 to | |||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||
Expected tax at 34% | $ | (1,556 | ) | $ | (1,386 | ) | (4,148 | ) | $ | (3,766 | ) | $ | (57,130 | ) | |||||||
Increase in valuation allowance | 1,556 | 1,386 | 4,148 | 3,766 | 57,130 | ||||||||||||||||
Income tax provision | $ | - | $ | - | - | $ | - | $ | - | ||||||||||||
Cumulative Schedule Of Components Of Income Tax Expense Benefit [Table Text Block] | ' | ||||||||||||||||||||
30-Jun-14 | 31-Dec-13 | ||||||||||||||||||||
Net operating loss carryforward | $ | 57,130 | $ | 52,982 | |||||||||||||||||
Less valuation allowance | (57,130 | ) | (52,982 | ) | |||||||||||||||||
Deferred income tax assets - net | $ | - | $ | - |
Note_3_Summary_of_Significant_1
Note 3 - Summary of Significant Accounting Policies (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Cash and Cash Equivalents, at Carrying Value | ' | ' | ' | ' |
Development Stage Enterprise, Deficit Accumulated During Development Stage | 168,029 | 155,829 | ' | ' |
February 27, 2004 To Current [Member] | ' | ' | ' | ' |
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' |
Cash and Cash Equivalents, at Carrying Value | $0 | ' | ' | ' |
Note_4_Stockholders_Equity_Det
Note 4 - Stockholders' Equity (Details) (USD $) | 1 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | |||||||||
Mar. 31, 2004 | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2006 | Jun. 30, 2006 | Sep. 30, 2005 | Aug. 31, 2005 | Aug. 31, 2005 | Jun. 30, 2006 | Jun. 30, 2006 | Jun. 30, 2006 | Jun. 30, 2006 | Jun. 30, 2014 | |
Fourth Stockholder [Member] | First Stockholder [Member] | First Stockholder [Member] | Second Stockholder [Member] | Second Stockholder [Member] | Third And Fourth Stockholder [Member] | Third Stockholder [Member] | Fourth Stockholder [Member] | Second, Third, and Fourth Stockholders [Member] | |||||
Note 4 - Stockholders' Equity (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, New Issues | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $0.00 | $0.00 | $0.00 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Value, New Issues (in Dollars) | $500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional Paid in Capital, Common Stock (in Dollars) | ' | $167,529 | $157,329 | ' | ' | $13,951 | ' | ' | $7,744 | ' | ' | ' | $145,834 |
Shares Sold By Shareholder, Shares | ' | ' | ' | ' | ' | ' | ' | 475,000 | ' | 237,500 | ' | ' | ' |
Percentage Sold by Shareholder Shares | ' | ' | ' | ' | ' | ' | ' | 95.00% | ' | ' | ' | ' | ' |
Percentage After Transaction | ' | ' | ' | ' | ' | ' | 5.00% | ' | ' | ' | ' | ' | ' |
Number of Unrelated Parties | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares Acquired by New Stockholder | ' | ' | ' | ' | 118,750 | ' | ' | ' | ' | ' | 118,750 | 118,750 | ' |
Note_5_Income_Taxes_Details
Note 5 - Income Taxes (Details) (USD $) | 3 Months Ended | 6 Months Ended | 124 Months Ended | |||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2012 | Jun. 30, 2014 | Dec. 31, 2013 | |
Note 5 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Effective Income Tax Rate Reconciliation, Percent | 34.00% | 34.00% | 34.00% | 34.00% | 34.00% | ' |
Deferred Tax Assets, Operating Loss Carryforwards | $57,130 | ' | $57,130 | ' | $57,130 | $52,982 |
Operating Loss Carryforwards | 168,029 | ' | 168,029 | ' | 168,029 | ' |
Deferred Tax Assets Valuation Allowance Percentage | 100.00% | ' | 100.00% | ' | 100.00% | ' |
Expires in 2024 [Member] | ' | ' | ' | ' | ' | ' |
Note 5 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 7,297 | ' | 7,297 | ' | 7,297 | ' |
Expires in 2025 [Member] | ' | ' | ' | ' | ' | ' |
Note 5 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 12,450 | ' | 12,450 | ' | 12,450 | ' |
Expires in 2026 [Member] | ' | ' | ' | ' | ' | ' |
Note 5 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 9,621 | ' | 9,621 | ' | 9,621 | ' |
Expires in 2027 [Member] | ' | ' | ' | ' | ' | ' |
Note 5 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 20,306 | ' | 20,306 | ' | 20,306 | ' |
Expires in 2028 [Member] | ' | ' | ' | ' | ' | ' |
Note 5 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 16,739 | ' | 16,739 | ' | 16,739 | ' |
Expires in 2029 [Member] | ' | ' | ' | ' | ' | ' |
Note 5 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 15,325 | ' | 15,325 | ' | 15,325 | ' |
Expires in 2030 [Member] | ' | ' | ' | ' | ' | ' |
Note 5 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 16,318 | ' | 16,318 | ' | 16,318 | ' |
Expires in 2031 [Member] | ' | ' | ' | ' | ' | ' |
Note 5 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 18,203 | ' | 18,203 | ' | 18,203 | ' |
Expires in 2032 [Member] | ' | ' | ' | ' | ' | ' |
Note 5 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 19,160 | ' | 19,160 | ' | 19,160 | ' |
Expires in 2033 [Member] | ' | ' | ' | ' | ' | ' |
Note 5 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 20,410 | ' | 20,410 | ' | 20,410 | ' |
Expires in 2034 [Member] | ' | ' | ' | ' | ' | ' |
Note 5 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | $12,200 | ' | $12,200 | ' | $12,200 | ' |
Note_5_Income_Taxes_Details_Pr
Note 5 - Income Taxes (Details) - Provision for (Benefit from) Income Taxes (USD $) | 3 Months Ended | 6 Months Ended | 124 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2012 | Jun. 30, 2014 | |
Provision for (Benefit from) Income Taxes [Abstract] | ' | ' | ' | ' | ' |
Expected tax at 34% | ($1,556) | ($1,386) | ($4,148) | ($3,766) | ($57,130) |
Increase in valuation allowance | $1,556 | $1,386 | $4,148 | $3,766 | $57,130 |
Note_5_Income_Taxes_Details_Pr1
Note 5 - Income Taxes (Details) - Provision for (Benefit from) Income Taxes (Parentheticals) | 3 Months Ended | 6 Months Ended | 124 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2012 | Jun. 30, 2014 | |
Provision for (Benefit from) Income Taxes [Abstract] | ' | ' | ' | ' | ' |
Tax Percentage | 34.00% | 34.00% | 34.00% | 34.00% | 34.00% |
Note_5_Income_Taxes_Details_De
Note 5 - Income Taxes (Details) - Deferred Income Tax Assets (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Deferred Income Tax Assets [Abstract] | ' | ' |
Net operating loss carryforward | $57,130 | $52,982 |
Less valuation allowance | ($57,130) | ($52,982) |