Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2017 | Aug. 31, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | MADISON AVE HOLDINGS INC | |
Entity Central Index Key | 1,284,196 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 500,000 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Balance Sheets (Current Period
Balance Sheets (Current Period Unaudited) - USD ($) | Jun. 30, 2017 | Dec. 31, 2016 |
Current assets: | ||
Cash and cash equivalents | $ 0 | |
Prepaid expenses | 2,000 | |
Total current assets | 2,000 | |
Other assets | ||
Total assets | 2,000 | |
Current liabilities: | ||
Accounts payable and accrued expenses | 1,115 | |
Total current liabilities | 1,115 | |
Other liabilities | ||
Total liabilities | 1,115 | |
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 | 229,087 | 220,747 |
Accumulated deficit | (230,702) | (219,247) |
Total stockholders' equity (deficiency) | (1,115) | 2,000 |
Total liabilities and stockholders' equity (deficiency) | $ 2,000 |
Balance Sheets (Current Period3
Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2017 | Dec. 31, 2016 |
Common Stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 10,000,000 | 10,000,000 |
Common stock, shares issued (in shares) | 500,000 | 500,000 |
Common stock, shares outstanding (in shares) | 500,000 | 500,000 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Revenues | $ 0 | $ 0 | $ 0 | $ 0 |
Expenses: | ||||
General and administrative | 4,115 | 4,115 | 11,455 | 11,255 |
Total expenses | 4,115 | 4,115 | 11,455 | 11,255 |
Net loss | $ (4,115) | $ (4,115) | $ (11,455) | $ (11,255) |
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 |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Cash flows from operating activities: | ||
Net loss | $ (11,455) | $ (11,255) |
Changes in operating assets and liabilities: | ||
Prepaid expenses | 2,000 | 2,000 |
Accounts payable and accrued expenses | 1,115 | (3,115) |
Net cash used in operating activities | (8,340) | (12,370) |
Cash flows from investing activities | ||
Cash flows from financing activities: | ||
Proceeds from sale of common stock | ||
Capital contributions | 8,340 | 12,370 |
Net cash provided by financing activities | 8,340 | 12,370 |
Net increase (decrease) in cash | ||
Cash and cash equivalents, beginning of period | ||
Cash and cash equivalents, end of period | 0 | |
Supplemental disclosures of cash flow information: | ||
Interest paid | ||
Income taxes paid |
Note 1 - Interim Financial Stat
Note 1 - Interim Financial Statements | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | NOTE 1 The unaudited financial statements as of June 30, 2017 three six June 30, 2017 2016 10 June 30, 2017 three six June 30, 2017 2016. six June 30, 2017 not December 31, 2017. December 31, 2016 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, 2016 10 |
Note 2 - Organization
Note 2 - Organization | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | NOTE 2 Madison Avenue Holdings Inc. (the “Company”) was incorporated in the State of Delaware on February 27, 2004. no |
Note 3 - Going Concern Uncertai
Note 3 - Going Concern Uncertainty | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Substantial Doubt about Going Concern [Text Block] | NOTE 3 At June 30, 2017, no January 1, 2007 June 30, 2017, $11,455. no not |
Note 4 - Stockholders' Equity
Note 4 - Stockholders' Equity | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 4 In March 2004, 500,000 $.001 $500 March 2004 September 2005, $13,951. In August 2005, 475,000 third one 95% 5% October 2005 June 2006, $7,744. In June 2006, 237,500 two third 118,750 September 2006 June 2017, $207,392. |
Note 5 - Income Taxes
Note 5 - Income Taxes | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 5 The provision for (benefit from) income taxes differs from the amount computed by applying the statutory United States federal income tax rate of 34% Three months ended June 30, 2017 Three months ended June 30, 2016 Six months ended June 30, 2017 Six months ended June 30, 2016 Expected tax at 34% $ (1,399 ) $ (1,399 ) $ (3,895 ) $ (3,826 ) Increase in valuation allowance 1,399 1,399 3,895 3,826 Income tax provision $ - $ - $ - $ - Significant components of the Company's deferred income tax assets are as follows: June 30, 2017 December 31, 2016 Net operating loss carryforward $ 78,439 $ 74,544 Less valuation allowance (78,439 ) (74,544 ) Deferred income tax assets - net $ - $ - Based on management‘s present assessment, the Company has not not $78,439 $230,702 June 30, 2017 100% June 30, 2017. 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2036 2037 $7,297, $12,450, $9,621, $20,306, $16,739, $15,325, $16,318, $18,203, $19,160, $20,410, $20,535, $19,605, $23,278 $11,455 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 |
Note 6 - Commitments and Contin
Note 6 - Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 6 All activities of the Company are being conducted by the officers and directors from either their homes or their business offices at no |
Note 5 - Income Taxes (Tables)
Note 5 - Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Three months ended June 30, 2017 Three months ended June 30, 2016 Six months ended June 30, 2017 Six months ended June 30, 2016 Expected tax at 34% $ (1,399 ) $ (1,399 ) $ (3,895 ) $ (3,826 ) Increase in valuation allowance 1,399 1,399 3,895 3,826 Income tax provision $ - $ - $ - $ - |
Cumulative Schedule of Components of Income Tax Expense Benefit [Table Text Block] | June 30, 2017 December 31, 2016 Net operating loss carryforward $ 78,439 $ 74,544 Less valuation allowance (78,439 ) (74,544 ) Deferred income tax assets - net $ - $ - |
Note 3 - Going Concern Uncert13
Note 3 - Going Concern Uncertainty (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 126 Months Ended | ||||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Cash and Cash Equivalents, at Carrying Value | $ 0 | $ 0 | $ 0 | ||||
Net Income (Loss) Attributable to Parent | $ (4,115) | $ (4,115) | $ (11,455) | $ (11,255) | $ 11,455 |
Note 4 - Stockholders' Equity (
Note 4 - Stockholders' Equity (Details Textual) | 1 Months Ended | 9 Months Ended | 19 Months Ended | 130 Months Ended | |||
Jun. 30, 2006shares | Aug. 31, 2005shares | Mar. 31, 2004USD ($)$ / sharesshares | Jun. 30, 2006USD ($) | Sep. 30, 2005USD ($) | Jun. 30, 2017USD ($)$ / shares | Dec. 31, 2016$ / shares | |
Stock Issued During Period, Shares, New Issues | shares | 500,000 | ||||||
Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | ||||
Stock Issued During Period, Value, New Issues | $ | $ 500 | ||||||
Number of Unrelated Parties | 2 | 2 | |||||
First Stockholder [Member] | |||||||
Percentage After Transaction | 5.00% | ||||||
Adjustments to Additional Paid in Capital, Capital Contributions | $ | $ 13,951 | ||||||
Second Stockholder [Member] | |||||||
Percentage Sold by Shareholder Shares | 95.00% | ||||||
Adjustments to Additional Paid in Capital, Capital Contributions | $ | $ 7,744 | ||||||
Shares Sold by Shareholder Shares | shares | 475,000 | ||||||
Third and Fourth Stockholder [Member] | |||||||
Shares Acquired by New Stockholder | shares | 118,750 | ||||||
Shares Sold by Shareholder Shares | shares | 237,500 | ||||||
Second, Third and Fourth Stockholder [Member] | |||||||
Adjustments to Additional Paid in Capital, Capital Contributions | $ | $ 207,392 |
Note 5 - Income Taxes (Details
Note 5 - Income Taxes (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | |
Effective Income Tax Rate Reconciliation, Percent | 34.00% | 34.00% | 34.00% | 34.00% | |
Deferred Tax Assets, Operating Loss Carryforwards | $ 78,439 | $ 78,439 | $ 74,544 | ||
Operating Loss Carryforwards | $ 230,702 | $ 230,702 | |||
Deferred Tax Assets Valuation Allowance Percentage | 100.00% | 100.00% | |||
Expires in 2024 [Member] | |||||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | $ 7,297 | $ 7,297 | |||
Expires in 2025 [Member] | |||||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 12,450 | 12,450 | |||
Expires in 2026 [Member] | |||||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 9,621 | 9,621 | |||
Expires in 2027 [Member] | |||||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 20,306 | 20,306 | |||
Expires in 2028 [Member] | |||||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 16,739 | 16,739 | |||
Expires in 2029 [Member] | |||||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 15,325 | 15,325 | |||
Expires in 2030 [Member] | |||||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 16,318 | 16,318 | |||
Expires in 2031 [Member] | |||||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 18,203 | 18,203 | |||
Expires in 2032 [Member] | |||||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 19,160 | 19,160 | |||
Expires in 2033 [Member] | |||||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 20,410 | 20,410 | |||
Expires in 2034 [Member] | |||||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 20,535 | 20,535 | |||
Expires In 2035 [Member] | |||||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 19,605 | 19,605 | |||
Expires in 2036 [Member] | |||||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 23,278 | 23,278 | |||
Expires in 2037 [Member] | |||||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | $ 11,455 | $ 11,455 |
Note 5 - Income Taxes - Income
Note 5 - Income Taxes - Income Tax Provision (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Expected tax at 34% | $ (1,399) | $ (1,399) | $ (3,895) | $ (3,826) |
Increase in valuation allowance | 1,399 | 1,399 | 3,895 | 3,826 |
Income tax provision | $ 0 | $ 0 |
Note 5 - Income Taxes - Incom17
Note 5 - Income Taxes - Income Tax Provision (Details) (Parentheticals) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Income tax rate | 34.00% | 34.00% | 34.00% | 34.00% |
Note 5 - Income Taxes - Signifi
Note 5 - Income Taxes - Significant Components of Deferred Income Tax (Details) - USD ($) | Jun. 30, 2017 | Dec. 31, 2016 |
Net operating loss carryforward | $ 78,439 | $ 74,544 |
Less valuation allowance | (78,439) | (74,544) |
Deferred income tax assets - net |