Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2021 | May 10, 2021 | |
Document Information [Line Items] | ||
Entity Registrant Name | MADISON AVE HOLDINGS INC | |
Entity Central Index Key | 0001284196 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Interactive Data Current | Yes | |
Entity Common Stock, Shares Outstanding (in shares) | 500,000 | |
Entity Shell Company | true | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2021 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Balance Sheets (Current Period
Balance Sheets (Current Period Unaudited) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash | $ 0 | $ 0 |
Prepaid expenses | 3,000 | |
Total current assets | 3,000 | 0 |
Other assets | ||
Total assets | 3,000 | 0 |
Current liabilities: | ||
Accounts payable and accrued expenses | 8,790 | 2,000 |
Total current liabilities | 8,790 | 2,000 |
Other liabilities | ||
Total liabilities | 8,790 | 2,000 |
Commitments and contingencies | ||
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 | 301,883 | 297,883 |
Accumulated deficit | (308,173) | (300,383) |
Total stockholders' equity (deficiency) | (5,790) | (2,000) |
Total liabilities and stockholders' equity (deficiency) | $ 3,000 | $ 0 |
Balance Sheets (Current Perio_2
Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Mar. 31, 2021 | Dec. 31, 2020 |
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 | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Revenues | ||
Expenses: | ||
General and administrative | 7,790 | 7,790 |
Total expenses | 7,790 | 7,790 |
Net loss | $ (7,790) | $ (7,790) |
Net loss per share, basic and diluted (in dollars per share) | $ (0.01) | $ (0.01) |
Weighted average number of common shares outstanding, basic and diluted (in shares) | 500,000 | 500,000 |
Statements of Changes in Stockh
Statements of Changes in Stockholders' Equity (Deficiency) (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balances (in shares) at Dec. 31, 2019 | 500,000 | |||
Balances at Dec. 31, 2019 | $ 500 | $ 275,833 | $ (279,573) | $ (3,240) |
Company expenses paid by stockholders | 6,180 | 6,180 | ||
Net loss | (7,790) | (7,790) | ||
Balances (in shares) at Mar. 31, 2020 | 500,000 | |||
Balances at Mar. 31, 2020 | $ 500 | 282,013 | (287,363) | (4,850) |
Balances (in shares) at Dec. 31, 2020 | 500,000 | |||
Balances at Dec. 31, 2020 | $ 500 | 297,883 | (300,383) | (2,000) |
Company expenses paid by stockholders | 4,000 | 4,000 | ||
Net loss | (7,790) | (7,790) | ||
Balances (in shares) at Mar. 31, 2021 | 500,000 | |||
Balances at Mar. 31, 2021 | $ 500 | $ 301,883 | $ (308,173) | $ (5,790) |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Cash flows from operating activities: | ||
Net loss | $ (7,790) | $ (7,790) |
Changes in operating assets and liabilities: | ||
Prepaid expenses | (3,000) | |
Accounts payable and accrued expenses | 6,790 | 1,610 |
Net cash used in operating activities | (4,000) | (6,180) |
Cash flows from investing activities | ||
Cash flows from financing activities: | ||
Proceeds from sale of common stock | ||
Capital contributions | 4,000 | 6,180 |
Net cash provided by financing activities | 4,000 | 6,180 |
Net increase in cash | ||
Cash, beginning of period | 0 | 0 |
Cash, end of period | 0 | 0 |
Supplemental disclosures of cash flow information: | ||
Interest paid | ||
Income taxes paid |
Note 1 - Interim Financial Stat
Note 1 - Interim Financial Statements | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | NOTE 1 INTERIM FINANCIAL STATEMENTS The unaudited financial statements as of March 31, 2021 three March 31, 2021 2020 10 March 31, 2021 three March 31, 2021 2020. three March 31, 2021 not December 31, 2021. December 31, 2020 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, 2020 10 |
Note 2 - Organization
Note 2 - Organization | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
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. no |
Note 3 - Going Concern Uncertai
Note 3 - Going Concern Uncertainty | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Substantial Doubt about Going Concern [Text Block] | NOTE 3 GOING CONCERN UNCERTAINTY At March 31, 2021, no January 1, 2021 March 31, 2021, $7,790. no not |
Note 4 - Stockholders' Equity
Note 4 - Stockholders' Equity | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 4 STOCKHOLDERS EQUITY In March 2004, 500,000 $.001 $500 March 2004 September 2005, $13,951. In July 2005, 475,000 third one 95% 5% October 2005 June 2006, $7,744. In May 2006, 237,500 two third 118,750 September 2006 March 2021, $280,188. |
Note 5 - Income Taxes
Note 5 - Income Taxes | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
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 21% Three months 2021 Three months 2020 Expected tax $ (1,636 ) $ (1,636 ) Increase in valuation allowance 1,636 1,636 Income tax provision $ — $ — Significant components of the Company's deferred income tax assets are as follows: March 31, 2021 December 31, 2020 Net operating loss carryforward $ 64,716 $ 63,080 Less valuation allowance (64,716 ) (63,080 ) 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 $64,716 $308,173 March 31, 2021 100% March 31, 2021. $238,932 $287,363 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, $69,241 $308,173 not |
Note 6 - Commitments and Contin
Note 6 - Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
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 |
Note 7 - Related Party Transact
Note 7 - Related Party Transactions | 3 Months Ended |
Mar. 31, 2021 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 7 RELATED PARTY TRANSACTIONS The stockholders funded $4,000 $6,180 three March 31, 2021 2020, not |
Note 5 - Income Taxes (Tables)
Note 5 - Income Taxes (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Three months 2021 Three months 2020 Expected tax $ (1,636 ) $ (1,636 ) Increase in valuation allowance 1,636 1,636 Income tax provision $ — $ — |
Cumulative Schedule of Components of Income Tax Expense Benefit [Table Text Block] | March 31, 2021 December 31, 2020 Net operating loss carryforward $ 64,716 $ 63,080 Less valuation allowance (64,716 ) (63,080 ) Deferred income tax assets - net $ — $ — |
Note 3 - Going Concern Uncert_2
Note 3 - Going Concern Uncertainty (Details Textual) - USD ($) | 3 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2020 | |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | $ 0 | $ 0 | |
Net Income (Loss) Attributable to Parent, Total | $ (7,790) | $ (7,790) |
Note 4 - Stockholders' Equity (
Note 4 - Stockholders' Equity (Details Textual) | 1 Months Ended | 9 Months Ended | 19 Months Ended | 175 Months Ended | |||
May 30, 2006shares | Jul. 31, 2005shares | Mar. 31, 2004USD ($)$ / sharesshares | Jun. 30, 2006USD ($) | Sep. 30, 2005USD ($) | Mar. 31, 2021USD ($)$ / shares | Dec. 31, 2020$ / shares | |
Stock Issued During Period, Shares, New Issues (in shares) | shares | 500,000 | ||||||
Common Stock, Par or Stated Value Per Share (in dollars 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 (in shares) | shares | 475,000 | ||||||
Percentage Sold by Shareholder Shares | 95.00% | ||||||
Third and Fourth Stockholder [Member] | |||||||
Adjustments to Additional Paid in Capital, Capital Contributions | $ | $ 280,188 | ||||||
Shares Sold by Shareholder Shares (in shares) | shares | 237,500 | ||||||
Number of Unrelated Parties | 2 | ||||||
Shares Acquired by New Stockholder (in shares) | shares | 118,750 |
Note 5 - Income Taxes (Details
Note 5 - Income Taxes (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Dec. 31, 2020 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | |
Deferred Tax Assets, Operating Loss Carryforwards, Total | $ 64,716 | $ 63,080 |
Operating Loss Carryforwards, Total | $ 308,173 | |
Deferred Tax Assets Valuation Allowance Percentage | 100.00% | |
Expires in 2024 [Member] | ||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | $ 7,297 | |
Expires in 2025 [Member] | ||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 12,450 | |
Expires in 2026 [Member] | ||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 9,621 | |
Expires in 2027 [Member] | ||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 20,306 | |
Expires in 2028 [Member] | ||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 16,739 | |
Expires in 2029 [Member] | ||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 15,325 | |
Expires in 2030 [Member] | ||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 16,318 | |
Expires in 2031 [Member] | ||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 18,203 | |
Expires in 2032 [Member] | ||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 19,160 | |
Expires in 2033 [Member] | ||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 20,410 | |
Expires in 2034 [Member] | ||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 20,535 | |
Expires In 2035 [Member] | ||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 19,605 | |
Expires in 2036 [Member] | ||
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 23,278 | |
No Expiration [Member] | ||
Operating Loss Carryforwards, Total | 69,241 | |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | 19,685 | |
Expires in the Years 2024 to 2037 [Member] | ||
Operating Loss Carryforwards, Total | $ 238,932 |
Note 5 - Income Taxes - Income
Note 5 - Income Taxes - Income Tax Provision (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Expected tax | $ (1,636) | $ (1,636) |
Increase in valuation allowance | 1,636 | 1,636 |
Income tax provision | $ 0 | $ 0 |
Note 5 - Income Taxes - Signifi
Note 5 - Income Taxes - Significant Components of Deferred Income Tax (Details) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Net operating loss carryforward | $ 64,716 | $ 63,080 |
Less valuation allowance | (64,716) | (63,080) |
Deferred income tax assets - net |
Note 7 - Related Party Transa_2
Note 7 - Related Party Transactions (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Proceeds from Contributed Capital | $ 4,000 | $ 6,180 |
Stockholders Contributions to Fund Operating Expenses [Member] | ||
Proceeds from Contributed Capital | $ 4,000 | $ 6,180 |