Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2021 | Aug. 09, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001284196 | |
Entity Registrant Name | MADISON AVE HOLDINGS INC | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 000-50655 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 20-0823997 | |
Entity Address, Address Line One | 3505 Hart Avenue, Suite 201 | |
Entity Address, City or Town | Rosemead | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 91770 | |
City Area Code | 626 | |
Local Phone Number | 576-4333 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | true | |
Entity Common Stock, Shares Outstanding | 500,000 |
Balance Sheets (Current Period
Balance Sheets (Current Period Unaudited) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Current assets: | ||
Cash | $ 0 | $ 0 |
Prepaid expenses | 2,000 | 0 |
Total current assets | 2,000 | 0 |
Other assets | 0 | 0 |
Total assets | 2,000 | 0 |
Current liabilities: | ||
Accounts payable and accrued expenses | 3,338 | 2,000 |
Total current liabilities | 3,338 | 2,000 |
Other liabilities | 0 | 0 |
Total liabilities | 3,338 | 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 | 310,673 | 297,883 |
Accumulated deficit | (312,511) | (300,383) |
Total stockholders' equity (deficiency) | (1,338) | (2,000) |
Total liabilities and stockholders' equity (deficiency) | $ 2,000 | $ 0 |
Balance Sheets (Current Perio_2
Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jun. 30, 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 | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Revenues | $ 0 | $ 0 | $ 0 | $ 0 |
Expenses: | ||||
General and administrative | 4,338 | 4,340 | 12,128 | 12,130 |
Total expenses | 4,338 | 4,340 | 12,128 | 12,130 |
Net loss | $ (4,338) | $ (4,340) | $ (12,128) | $ (12,130) |
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 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 | 0 | 6,180 | 0 | 6,180 |
Net loss | $ 0 | 0 | (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, 2019 | 500,000 | |||
Balances at Dec. 31, 2019 | $ 500 | 275,833 | (279,573) | (3,240) |
Net loss | (12,130) | |||
Balances (in shares) at Jun. 30, 2020 | 500,000 | |||
Balances at Jun. 30, 2020 | $ 500 | 286,103 | (291,703) | (5,100) |
Balances (in shares) at Mar. 31, 2020 | 500,000 | |||
Balances at Mar. 31, 2020 | $ 500 | 282,013 | (287,363) | (4,850) |
Company expenses paid by stockholders | 0 | 4,090 | 0 | 4,090 |
Net loss | $ 0 | 0 | (4,340) | (4,340) |
Balances (in shares) at Jun. 30, 2020 | 500,000 | |||
Balances at Jun. 30, 2020 | $ 500 | 286,103 | (291,703) | (5,100) |
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 | 0 | 4,000 | 0 | 4,000 |
Net loss | $ 0 | 0 | (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) |
Balances (in shares) at Dec. 31, 2020 | 500,000 | |||
Balances at Dec. 31, 2020 | $ 500 | 297,883 | (300,383) | (2,000) |
Net loss | (12,128) | |||
Balances (in shares) at Jun. 30, 2021 | 500,000 | |||
Balances at Jun. 30, 2021 | $ 500 | 310,673 | (312,511) | (1,338) |
Balances (in shares) at Mar. 31, 2021 | 500,000 | |||
Balances at Mar. 31, 2021 | $ 500 | 301,883 | (308,173) | (5,790) |
Company expenses paid by stockholders | 0 | 8,790 | 0 | 8,790 |
Net loss | $ 0 | 0 | (4,338) | (4,338) |
Balances (in shares) at Jun. 30, 2021 | 500,000 | |||
Balances at Jun. 30, 2021 | $ 500 | $ 310,673 | $ (312,511) | $ (1,338) |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Cash flows from operating activities: | ||
Net loss | $ (12,128) | $ (12,130) |
Changes in operating assets and liabilities: | ||
Prepaid expenses | (2,000) | 0 |
Accounts payable and accrued expenses | 1,338 | 1,860 |
Net cash used in operating activities | (12,790) | (10,270) |
Cash flows from investing activities | 0 | 0 |
Cash flows from financing activities: | ||
Proceeds from sale of common stock | 0 | 0 |
Capital contributions | 12,790 | 10,270 |
Net cash provided by financing activities | 12,790 | 10,270 |
Net increase (decrease) in cash | 0 | 0 |
Cash, beginning of period | 0 | 0 |
Cash, end of period | 0 | 0 |
Supplemental disclosures of cash flow information: | ||
Interest paid | 0 | 0 |
Income taxes paid | $ 0 | $ 0 |
Note 1 - Interim Financial Stat
Note 1 - Interim Financial Statements | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | NOTE 1 INTERIM FINANCIAL STATEMENTS The unaudited financial statements as of June 30, 2021 three six June 30, 2021 2020 10 June 30, 2021 three six June 30, 2021 2020. three six June 30, 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 | 6 Months Ended |
Jun. 30, 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 | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Substantial Doubt about Going Concern [Text Block] | NOTE 3 GOING CONCERN UNCERTAINTY At June 30, 2021, no six June 30, 2021, no not |
Note 4 - Stockholders' Equity
Note 4 - Stockholders' Equity | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 4 STOCKHOLDERS EQUITY In March 2004, $.001 March 2004 September 2005, In July 2005, third one October 2005 June 2006, In May 2006, two third September 2006 June 2021, |
Note 5 - Income Taxes
Note 5 - Income Taxes | 6 Months Ended |
Jun. 30, 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% to income (loss) before income taxes. The sources of the difference are as f ollows: Three months ended June 30, 2021 Three months ended June 30, 2020 Six months ended June 30, 2021 Six months ended June 30, 2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) $ (911 ) $ (911 ) $ (2,547 ) $ (2,548 ) Increase in valuation allowance 911 911 2,547 2,548 Income tax provision $ - $ - $ - $ - Significant components of the Company's deferred income tax assets are as follows: June 30, 2021 December 31, 2020 (Unaudited) Net operating loss carryforward $ 65,627 $ 63,080 Less valuation allowance (65,627 ) (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 June 30, 2021 June 30, 2021. $312,511 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2036 2037 $312,511 not |
Note 6 - Commitments and Contin
Note 6 - Commitments and Contingencies | 6 Months Ended |
Jun. 30, 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 | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 7 RELATED PARTY TRANSACTIONS The stockholders funded $12,790 and $10,270 of Company’s operating expenses for the six June 30, 2021 2020, not |
Note 5 - Income Taxes (Tables)
Note 5 - Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Three months ended June 30, 2021 Three months ended June 30, 2020 Six months ended June 30, 2021 Six months ended June 30, 2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) $ (911 ) $ (911 ) $ (2,547 ) $ (2,548 ) Increase in valuation allowance 911 911 2,547 2,548 Income tax provision $ - $ - $ - $ - |
Cumulative Schedule of Components of Income Tax Expense Benefit [Table Text Block] | June 30, 2021 December 31, 2020 (Unaudited) Net operating loss carryforward $ 65,627 $ 63,080 Less valuation allowance (65,627 ) (63,080 ) Deferred income tax assets - net $ — $ — |
Note 3 - Going Concern Uncert_2
Note 3 - Going Concern Uncertainty (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2021 | Mar. 31, 2021 | Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | $ 0 | $ 0 | $ 0 | ||||
Retained Earnings (Accumulated Deficit), Ending Balance | (312,511) | (312,511) | $ (300,383) | ||||
Net Income (Loss) Attributable to Parent, Total | $ (4,338) | $ (7,790) | $ (4,340) | $ (7,790) | $ (12,128) | $ (12,130) |
Note 4 - Stockholders' Equity (
Note 4 - Stockholders' Equity (Details Textual) | 1 Months Ended | 9 Months Ended | 19 Months Ended | 178 Months Ended | |||
May 30, 2006shares | Jul. 31, 2005shares | Mar. 31, 2004USD ($)$ / sharesshares | Jun. 30, 2006USD ($) | Sep. 30, 2005USD ($) | Jun. 30, 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] | |||||||
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 | ||||||
Second, Third and Fourth Stockholder [Member] | |||||||
Adjustments to Additional Paid in Capital, Capital Contributions | $ | $ 288,978 |
Note 5 - Income Taxes (Details
Note 5 - Income Taxes (Details Textual) - USD ($) | 3 Months Ended | |
Jun. 30, 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 | $ 65,627 | $ 63,080 |
Operating Loss Carryforwards, Total | $ 312,511 | |
Deferred Tax Assets Valuation Allowance Percentage | 100.00% | |
Expires in the Years 2024 to 2037 [Member] | ||
Operating Loss Carryforwards, Total | $ 238,932 | |
Expires in 2024 [Member] | ||
Operating Loss Carryforwards, Total | 7,297 | |
Expires in 2025 [Member] | ||
Operating Loss Carryforwards, Total | 12,450 | |
Expires in 2026 [Member] | ||
Operating Loss Carryforwards, Total | 9,621 | |
Expires in 2027 [Member] | ||
Operating Loss Carryforwards, Total | 20,306 | |
Expires in 2028 [Member] | ||
Operating Loss Carryforwards, Total | 16,739 | |
Expires in 2029 [Member] | ||
Operating Loss Carryforwards, Total | 15,325 | |
Expires in 2030 [Member] | ||
Operating Loss Carryforwards, Total | 16,318 | |
Expires in 2031 [Member] | ||
Operating Loss Carryforwards, Total | 18,203 | |
Expires in 2032 [Member] | ||
Operating Loss Carryforwards, Total | 19,160 | |
Expires in 2033 [Member] | ||
Operating Loss Carryforwards, Total | 20,410 | |
Expires in 2034 [Member] | ||
Operating Loss Carryforwards, Total | 20,535 | |
Expires In 2035 [Member] | ||
Operating Loss Carryforwards, Total | 19,605 | |
Expires in 2036 [Member] | ||
Operating Loss Carryforwards, Total | 23,278 | |
Expires in 2037 [Member] | ||
Operating Loss Carryforwards, Total | 19,685 | |
No Expiration [Member] | ||
Operating Loss Carryforwards, Total | $ 73,579 |
Note 5 - Income Taxes - Income
Note 5 - Income Taxes - Income Tax Provision (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | $ (911) | $ (911) | $ (2,547) | $ (2,548) |
Increase in valuation allowance | 911 | 911 | 2,547 | 2,548 |
Income tax provision | $ 0 | $ 0 | $ 0 | $ 0 |
Note 5 - Income Taxes - Signifi
Note 5 - Income Taxes - Significant Components of Deferred Income Tax (Details) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Net operating loss carryforward | $ 65,627 | $ 63,080 |
Less valuation allowance | (65,627) | (63,080) |
Deferred income tax assets - net | $ 0 | $ 0 |
Note 7 - Related Party Transa_2
Note 7 - Related Party Transactions (Details Textual) - USD ($) | 6 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | |
Proceeds from Contributed Capital | $ 12,790 | $ 10,270 |