Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2018 | Aug. 01, 2018 | |
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, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Balance Sheets (Current Period
Balance Sheets (Current Period Unaudited) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
Current assets: | ||
Cash | $ 0 | |
Prepaid expenses | 2,000 | |
Total current assets | 2,000 | |
Other assets | ||
Total assets | 2,000 | |
Current liabilities: | ||
Accounts payable and accrued expenses | ||
Total current liabilities | ||
Other liabilities | ||
Total liabilities | ||
Commitments and contingencies | ||
Stockholders' equity: | ||
Common stock, $.001 par value; 10,000,000 shares authorized, 500,000 shares issued and outstanding | 500 | 500 |
Additional paid-in capital | 250,160 | 240,432 |
Accumulated deficit | (250,660) | (238,932) |
Total stockholders' equity | 2,000 | |
Total liabilities and stockholders' equity | $ 2,000 |
Balance Sheets (Current Period3
Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2018 | Dec. 31, 2017 |
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, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Revenues | ||||
Expenses: | ||||
General and administrative | 4,313 | 4,115 | 11,728 | 11,455 |
Total expenses | 4,313 | 4,115 | 11,728 | 11,455 |
Net loss | $ (4,313) | $ (4,115) | $ (11,728) | $ (11,455) |
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, 2018 | Jun. 30, 2017 | |
Cash flows from operating activities: | ||
Net loss | $ (11,728) | $ (11,455) |
Changes in operating assets and liabilities: | ||
Prepaid expenses | 2,000 | 2,000 |
Accounts payable and accrued expenses | 1,115 | |
Net cash used in operating activities | (9,728) | (8,340) |
Cash flows from investing activities | ||
Cash flows from financing activities: | ||
Proceeds from sale of common stock | ||
Capital contributions | 9,728 | 8,340 |
Net cash provided by financing activities | 9,728 | 8,340 |
Net increase (decrease) in cash | ||
Cash, beginning of period | ||
Cash, 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, 2018 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | NOTE 1 The unaudited financial statements as of June 30, 2018 three six June 30, 2018 2017 10 June 30, 2018 three six June 30, 2018 2017. six June 30, 2018 not December 31, 2018. December 31, 2017 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, 2017 10 |
Note 2 - Organization
Note 2 - Organization | 6 Months Ended |
Jun. 30, 2018 | |
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, 2018 | |
Notes to Financial Statements | |
Substantial Doubt about Going Concern [Text Block] | NOTE 3 At June 31, 2018, no January 1, 2018 June 30, 2018, $11,728. no not |
Note 4 - Stockholders' Equity
Note 4 - Stockholders' Equity | 6 Months Ended |
Jun. 30, 2018 | |
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 2018, $228,465. |
Note 5 - Income Taxes
Note 5 - Income Taxes | 6 Months Ended |
Jun. 30, 2018 | |
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 to income (loss) before income taxes. The income tax rate was 21% three six June 30, 2018 34% three six June 30, 2017. Three months ended June 30, 2018 Three months ended June 30, 2017 Six months ended June 30, 2018 Six months ended June 30, 2017 Expected tax $ (906 ) $ (1,399 ) $ (2,463 ) $ (3,895 ) Increase in valuation allowance 906 1,399 2,463 3,895 Income tax provision $ - $ - $ - $ - Significant components of the Company's deferred income tax assets are as follows: June 30, 2018 December 31, 2017 Net operating loss carryforward $ 52,639 $ 50,176 Less valuation allowance (52,639 ) (50,176 ) Deferred income tax assets - net $ - $ - 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 Based on management‘s present assessment, the Company has not not $52,639 $250,660 June 30, 2018 100% June 30, 2018. $238,932 $250,660 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 $19,685, $11,728 six June 30, 2018) $250,660 not |
Note 6 - Commitments and Contin
Note 6 - Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2018 | |
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, 2018 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Three months ended June 30, 2018 Three months ended June 30, 2017 Six months ended June 30, 2018 Six months ended June 30, 2017 Expected tax $ (906 ) $ (1,399 ) $ (2,463 ) $ (3,895 ) Increase in valuation allowance 906 1,399 2,463 3,895 Income tax provision $ - $ - $ - $ - |
Cumulative Schedule of Components of Income Tax Expense Benefit [Table Text Block] | June 30, 2018 December 31, 2017 Net operating loss carryforward $ 52,639 $ 50,176 Less valuation allowance (52,639 ) (50,176 ) Deferred income tax assets - net $ - $ - |
Note 3 - Going Concern Uncert13
Note 3 - Going Concern Uncertainty (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | $ 0 | $ 0 | ||||
Net Income (Loss) Attributable to Parent, Total | $ (4,313) | $ (4,115) | $ (11,728) | $ (11,455) |
Note 4 - Stockholders' Equity (
Note 4 - Stockholders' Equity (Details Textual) | 1 Months Ended | 9 Months Ended | 19 Months Ended | 142 Months Ended | |||
Jun. 30, 2006shares | Aug. 31, 2005shares | Mar. 31, 2004USD ($)$ / sharesshares | Jun. 30, 2006USD ($) | Sep. 30, 2005USD ($) | Jun. 30, 2018USD ($)$ / shares | Dec. 31, 2017$ / 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 | ||||||
First Stockholder [Member] | |||||||
Adjustments to Additional Paid in Capital, Capital Contributions | $ | $ 13,951 | ||||||
Percentage After Transaction | 5.00% | ||||||
Second Stockholder [Member] | |||||||
Adjustments to Additional Paid in Capital, Capital Contributions | $ | $ 7,744 | ||||||
Shares Sold by Shareholder Shares | shares | 475,000 | ||||||
Percentage Sold by Shareholder Shares | 95.00% | ||||||
Third and Fourth Stockholder [Member] | |||||||
Shares Sold by Shareholder Shares | shares | 237,500 | ||||||
Shares Acquired by New Stockholder | shares | 118,750 | ||||||
Second, Third and Fourth Stockholder [Member] | |||||||
Adjustments to Additional Paid in Capital, Capital Contributions | $ | $ 228,465 | ||||||
Number of Unrelated Parties | 2 | 2 |
Note 5 - Income Taxes (Details
Note 5 - Income Taxes (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 34.00% | 21.00% | 34.00% | |
Deferred Tax Assets, Operating Loss Carryforwards, Total | $ 52,639 | $ 52,639 | $ 50,176 | ||
Operating Loss Carryforwards, Total | $ 250,660 | $ 250,660 | |||
Deferred Tax Assets Valuation Allowance Percentage | 100.00% | 100.00% | |||
Expires in the Years 2024 to 2037 [Member] | |||||
Operating Loss Carryforwards, Total | $ 238,932 | $ 238,932 | |||
Expires in 2024 [Member] | |||||
Operating Loss Carryforwards, Total | 7,297 | 7,297 | |||
Expires in 2025 [Member] | |||||
Operating Loss Carryforwards, Total | 12,450 | 12,450 | |||
Expires in 2026 [Member] | |||||
Operating Loss Carryforwards, Total | 9,621 | 9,621 | |||
Expires in 2027 [Member] | |||||
Operating Loss Carryforwards, Total | 20,306 | 20,306 | |||
Expires in 2028 [Member] | |||||
Operating Loss Carryforwards, Total | 16,739 | 16,739 | |||
Expires in 2029 [Member] | |||||
Operating Loss Carryforwards, Total | 15,325 | 15,325 | |||
Expires in 2030 [Member] | |||||
Operating Loss Carryforwards, Total | 16,318 | 16,318 | |||
Expires in 2031 [Member] | |||||
Operating Loss Carryforwards, Total | 18,203 | 18,203 | |||
Expires in 2032 [Member] | |||||
Operating Loss Carryforwards, Total | 19,160 | 19,160 | |||
Expires in 2033 [Member] | |||||
Operating Loss Carryforwards, Total | 20,410 | 20,410 | |||
Expires in 2034 [Member] | |||||
Operating Loss Carryforwards, Total | 20,535 | 20,535 | |||
Expires In 2035 [Member] | |||||
Operating Loss Carryforwards, Total | 19,605 | 19,605 | |||
Expires in 2036 [Member] | |||||
Operating Loss Carryforwards, Total | 23,278 | 23,278 | |||
Expires in 2037 [Member] | |||||
Operating Loss Carryforwards, Total | 19,685 | 19,685 | |||
No Expiration [Member] | |||||
Operating Loss Carryforwards, Total | $ 11,728 | $ 11,728 |
Note 5 - Income Taxes - Income
Note 5 - Income Taxes - Income Tax Provision (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Expected tax | $ (906) | $ (1,399) | $ (2,463) | $ (3,895) |
Increase in valuation allowance | 906 | 1,399 | 2,463 | 3,895 |
Income tax provision |
Note 5 - Income Taxes - Signifi
Note 5 - Income Taxes - Significant Components of Deferred Income Tax (Details) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
Net operating loss carryforward | $ 52,639 | $ 50,176 |
Less valuation allowance | (52,639) | (50,176) |
Deferred income tax assets - net |