Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 15, 2013 | |
Document And Entity Information | ' | ' |
Entity Registrant Name | 'Frontier Beverage Company, Inc | ' |
Entity Central Index Key | '0001311735 | ' |
Trading Symbol | 'fbec | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity a Well-known Seasoned Issuer | 'No | ' |
Entity a Voluntary Filer | 'No | ' |
Entity's Reporting Status Current | 'Yes | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 231,781,000 |
Document Fiscal Period Focus | 'Q3 | ' |
Document Fiscal Year Focus | '2013 | ' |
CONDENSED_BALANCE_SHEETS_UNAUD
CONDENSED BALANCE SHEETS (UNAUDITED) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Current Assets: | ' | ' |
Cash | ' | ' |
Total assets | 0 | 0 |
Current Liabilities: | ' | ' |
Notes and loans payable due to related party | 394,264 | 394,264 |
Accounts payable | 26,643 | 64,257 |
Accrued interest-related parties | 80,487 | 64,704 |
Other current liabilities | 18,750 | ' |
Total current liabilities | 520,144 | 523,225 |
Commitments and Contingencies | ' | ' |
Stockholders' (Deficit): | ' | ' |
Preferred stock - par value $0.001; 100,000,000 shares authorized; no shares issued and outstanding | ' | ' |
Common stock - par value $0.001; 500,000,000 shares authorized; 18,781,000 shares issued and outstanding | 18,781 | 18,781 |
Additional paid-in capital | 1,784,784 | 1,700,262 |
Accumulated deficit | -2,323,709 | -2,242,268 |
Total stockholders' deficit | -520,144 | -523,225 |
Total liabilities and stockholders' deficit | $0 | $0 |
CONDENSED_BALANCE_SHEETS_UNAUD1
CONDENSED BALANCE SHEETS (UNAUDITED) (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Statement of Financial Position [Abstract] | ' | ' |
Preferred stock, par value (in dollars per share) | $0.00 | $0.00 |
Preferred stock, shares authorized | 100,000,000 | 100,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 18,781,000 | 18,781,000 |
Common stock, shares outstanding | 18,781,000 | 18,781,000 |
CONDENSED_STATEMENTS_OF_OPERAT
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Income Statement [Abstract] | ' | ' | ' | ' |
Revenues, net | ' | ' | ' | $71,252 |
Cost of goods sold | ' | ' | ' | 5,809 |
Gross profit | ' | ' | ' | 65,443 |
Selling, general and administrative | 26,490 | 53,937 | 64,808 | 187,853 |
Total operating expenses | 26,490 | 53,937 | 64,808 | 187,853 |
Loss from operations | -26,490 | -53,937 | -64,808 | -122,410 |
Interest expense | -153 | -8,597 | -16,633 | -22,634 |
Total other expense | -153 | -8,597 | -16,633 | -22,634 |
Loss before taxes | -26,643 | -62,534 | -81,441 | -145,044 |
Provision for income taxes | ' | ' | ' | ' |
Net loss | ($26,643) | ($62,534) | ($81,441) | ($145,044) |
Loss per share, basic and diluted (in dollars per share) | $0 | $0 | $0 | $0.01 |
Weighted average number of shares outstanding basic and diluted (in shares) | 18,781,000 | 18,781,000 | 18,781,000 | 18,781,000 |
CONDENSED_STATEMENTS_OF_CASH_F
CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Statement of Cash Flows [Abstract] | ' | ' |
Net loss | ($81,441) | ($145,044) |
Adjustments to reconcile net loss to net cash flows from operating activities: | ' | ' |
Allowance for doubtful accounts | ' | -3,234 |
Impairment of inventory | ' | 90,082 |
Changes in assets and liabilities: | ' | ' |
Accounts receivable | ' | 4,045 |
Inventory | ' | 4,519 |
Prepaid expenses and other current assets | ' | 9,146 |
Accounts payable | -37,613 | -6,082 |
Accrued expenses and other current liabilities | 15,783 | 22,634 |
Net cash flows used in operating activities | -103,271 | -23,934 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' |
Proceeds from advances | 18,750 | ' |
Proceeds from related parties | ' | 38,784 |
Capital contribution | 84,521 | 13,500 |
Repayment of related party debt | ' | -28,605 |
Net cash flows provided by financing activities | 103,271 | 23,679 |
Increase (Decrease) in cash | ' | -255 |
Cash, beginning of period | ' | 255 |
Cash, end of period | ' | ' |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ' | ' |
Interest paid | ' | ' |
Income taxes paid | ' | ' |
BASIS_OF_PRESENTATION_AND_RECE
BASIS OF PRESENTATION AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
BASIS OF PRESENTATION AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS | ' |
NOTE 1 – BASIS OF PRESENTATION AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS | |
Interim Financial Reporting | |
While the information presented in the accompanying interim financial statements is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in accordance with generally accepted accounting principles in the United States of America ("GAAP"). These interim financial statements follow the same accounting policies and methods of application as used in the December 31, 2012 audited financial statements of Frontier Beverage Company, Inc. (the “Company”). All adjustments are of a normal, recurring nature. Interim financial statements and the notes thereto do not contain all of the disclosures normally found in year-end audited financial statements and these Notes to Financial Statements are abbreviated and contain only certain disclosures related to the nine month periods ended September 30, 2013 and 2012. It is suggested that these interim financial statements be read in conjunction with our audited financial statements and related notes for the year ended December 31, 2012 included in our Form 10-K filed with the Securities Exchange Commission on April 15, 2013. Operating results for the three and nine months ended September 30, 2013 are not necessarily indicative of the results that can be expected for the year ending December 31, 2013. | |
Basis of presentation and going concern uncertainty | |
The accompanying financial statements have been prepared in conformity with GAAP, which contemplates continuation of the Company as a going concern, which is dependent upon the Company's ability to establish itself as a profitable business. At September 30, 2013, the Company has an accumulated deficit of $2,323,709, and for the nine months ended September 30, 2013, incurred net losses of $81,441. The Company’s ability to continue in business is dependent upon obtaining sufficient financing or attaining profitable operations. However, there can be no assurance that management will be successful in obtaining additional funding or in attaining profitable operations, and therefore, these matters raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of these uncertainties, nor do they include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation. | |
Change of Control | |
On July 1, 2013, an unrelated third party acquired an aggregate of 15,978,000 shares of Common Stock of the Company constituting approximately 85% of the Company’s issued and outstanding Common Stock. | |
Recent Accounting Pronouncements | |
The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its results of operations, financial position or cash flow. |
CAPITAL_STOCK
CAPITAL STOCK | 9 Months Ended |
Sep. 30, 2013 | |
Stockholders' Equity Note [Abstract] | ' |
CAPITAL STOCK | ' |
NOTE 2 – CAPITAL STOCK | |
The Company is authorized to issue up to 500,000,000 shares of common stock at $0.001 par value per share ("Common Stock"). As of September 30, 2013, the Company had 18,781,000 shares of Common Stock issued and outstanding. Holders of Common Stock are entitled to one vote per share and are to receive dividends or other distributions when and if declared by the Company's Board of Directors. None of our Common Stock is subject to outstanding options or rights to purchase, nor do we have any issued and outstanding securities that are convertible into our Common Stock. We have not agreed to register any of our stock. We do not currently have in effect an employee stock option plan. We received $84,521 to repay debts from the change of control transaction in July 2013. The agreement required all accounts payable to be paid in full from the proceeds of the third party agreement. No stock or debt was to be recorded and the amount received has been represented and included as paid in capital on the balance sheet. |
INCOME_TAXES
INCOME TAXES | 9 Months Ended |
Sep. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' |
INCOME TAXES | ' |
NOTE 3 – INCOME TAXES | |
Deferred income tax assets and liabilities are determined based upon differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company does not expect to pay any significant federal or state income tax for 2013 as a result of the losses incurred during the nine months ended September 30 2013. Accounting standards require the consideration of a valuation allowance for deferred tax assets if it is "more likely than not" that some component or all of the benefits of deferred tax assets will not be realized. As of September 30, 2013 and 2012, the Company maintained a full valuation allowance for all deferred tax assets. Based on these requirements, no provision or benefit for income taxes has been recorded. There were no recorded unrecognized tax benefits at the end of the reporting period. |
RELATED_PARTIES
RELATED PARTIES | 9 Months Ended |
Sep. 30, 2013 | |
Related Party Transactions [Abstract] | ' |
RELATED PARTIES | ' |
NOTE 4 – RELATED PARTIES | |
During the nine months ended September 30, 2013, the Company received no funds from HBB, LLC (“HBB”) and Baked World, LLC (“Baked World”), both Tennessee limited liability companies beneficially owned and controlled by Terry Harris, the Company’s President, Treasurer, and sole director and Timothy Barham, a former officer and director of the Company (who resigned his positions effective November 15, 2011); however, during the period from January 2010 through December 2012, HBB provided cash and made payments on the Company’s behalf totaling $371,399. During the period from September 2011 through December 2012, Baked World provided cash and made payments on the Company’s behalf totaling $18,941. The Company agreed to pay interest on the loans at eight percent (8%) per annum. The loans are due on demand and remain outstanding at September 30, 2013. | |
In October 2012, Mr. Harris advanced the Company $3,000. The Company agreed to pay interest on the advance at nine percent (6%) per annum. The $3,000 remained outstanding at September 30, 2013. | |
As of June 30, 2013, the Company has recorded approximately $81,000 in accrued interest to these related parties. Beginning July 1, 2013 due to a change in control, all parties have agreed to cease accruing interest. | |
During the nine months ended September 30, 2013 and 2012, the Company was provided office space, the use of office equipment and accounting personnel by HBB. HBB charged the Company $500 per month during the period in 2013 and $1,500 per month during the period in 2012 which amounts are included in operating expense and recorded as capital contribution on the accompanying condensed financial statements. During the quarter ended September 30, 2013, the Company no longer utilized this office space. |
SUBSEQUENT_EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events [Abstract] | ' |
SUBSEQUENT EVENTS | ' |
NOTE 5 – SUBSEQUENT EVENTS | |
On October 9, 2013, the Company entered into a Stock Purchase Agreement to acquire 22 Social Club, Inc. paying 140,000,000 restricted common shares. See 8k filed October 15, 2013 | |
The previous Board of Directors and all Officers resigned but before doing so appointed Christopher Bailey as a new director who was seated and then seated two additional members. All new directors and officers are disclosed below: | |
Christopher Bailey, Chairman and President | |
Mr. Bailey has spent the past 10 years focused on digital marketing of start-up companies and non-profits. He has developed several sales portals to social networking and tech companies. he also developed web sites and electronic support services for small and large public companies. | |
Billy Jon Coogan, Director | |
Mr. Coogan has spent his adult life in the entertainment business. he began playing guitar at age 13 and piano by age 17 where he began his song writing endeavors. he has played with several bands and now collaborates with various producers, musicians and artists. | |
Mike Jamison, Director | |
Mr. Jamison has spent 30 years in the entrertainment business beginning with being on air talent for eight radio stations starting at the tender age of 15. In recent years he has been the founder and President of Lexium Entertainment & Talent Agency in Atlanta, GA. Lexium is a full service entertainment and booking agency while also providing management services to various musical artists. | |
On October 9, 2013, four debtholders converted $150,000 of debt for 30,000,000 per settlement agreements signed prior to the last change of control. | |
On November 6, 2013, the Company adopted the 2013 Professional/Consultant Stock Compensation Plan authorizing 21,000,000 common shares to be utilized for the payment of sevice contracts. An S-8 Registration Statement was filed on the same day. | |
On November 6, 2013, the Company issued 12,000,000 restricted common shares for payroll to the officers and directors. Two consultant were issued 10,000,000 restricted common share. |
BASIS_OF_PRESENTATION_AND_RECE1
BASIS OF PRESENTATION AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Interim Financial Reporting | ' |
While the information presented in the accompanying interim financial statements is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows for the interim periods presented in accordance with generally accepted accounting principles in the United States of America ("GAAP"). These interim financial statements follow the same accounting policies and methods of application as used in the December 31, 2012 audited financial statements of Frontier Beverage Company, Inc. (the “Company”). All adjustments are of a normal, recurring nature. Interim financial statements and the notes thereto do not contain all of the disclosures normally found in year-end audited financial statements and these Notes to Financial Statements are abbreviated and contain only certain disclosures related to the nine month periods ended September 30, 2013 and 2012. It is suggested that these interim financial statements be read in conjunction with our audited financial statements and related notes for the year ended December 31, 2012 included in our Form 10-K filed with the Securities Exchange Commission on April 15, 2013. Operating results for the three and nine months ended September 30, 2013 are not necessarily indicative of the results that can be expected for the year ending December 31, 2013. | |
Basis of presentation and going concern uncertainty | ' |
The accompanying financial statements have been prepared in conformity with GAAP, which contemplates continuation of the Company as a going concern, which is dependent upon the Company's ability to establish itself as a profitable business. At September 30, 2013, the Company has an accumulated deficit of $2,323,709, and for the nine months ended September 30, 2013, incurred net losses of $81,441. The Company’s ability to continue in business is dependent upon obtaining sufficient financing or attaining profitable operations. However, there can be no assurance that management will be successful in obtaining additional funding or in attaining profitable operations, and therefore, these matters raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of these uncertainties, nor do they include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation. | |
Change of Control | ' |
On July 1, 2013, an unrelated third party acquired an aggregate of 15,978,000 shares of Common Stock of the Company constituting approximately 85% of the Company’s issued and outstanding Common Stock. | |
Recent Accounting Pronouncements | ' |
The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its results of operations, financial position or cash flow. |
BASIS_OF_PRESENTATION_AND_RECE2
BASIS OF PRESENTATION AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (Details Narrative) (USD $) | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jul. 02, 2013 | Dec. 31, 2012 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | ' | ' | ' | ' | ' |
Accumulated Deficit | ($2,323,709) | ' | ($2,323,709) | ' | ' | ($2,242,268) |
Net Loss | ($26,643) | ($62,534) | ($81,441) | ($145,044) | ' | ' |
Number of common stock sold (in shares) | 18,781,000 | ' | 18,781,000 | ' | 15,978,000 | 18,781,000 |
Percentage of ownership of common stock | ' | ' | ' | ' | 85.00% | ' |
CAPITAL_STOCK_Details_Narrativ
CAPITAL STOCK (Details Narrative) (USD $) | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Jul. 02, 2013 | Dec. 31, 2012 | |
Stockholders' Equity Note [Abstract] | ' | ' | ' | ' |
Common Stock Par Value (in dollars per share) | $0.00 | ' | ' | $0.00 |
Common Stock Shares Authorized (in shares) | 500,000,000 | ' | ' | 500,000,000 |
(in shares)Common Stock Shares Issued (in shares) | 18,781,000 | ' | 15,978,000 | 18,781,000 |
Common Stock Shares Outstanding (in shares) | 18,781,000 | ' | ' | 18,781,000 |
Common Stock, Voting right | ' | ' | ' | ' |
Holders of Common Stock are entitled to one vote per share and are to receive dividends or other distributions when and if declared by the Company's Board of Directors. | ||||
Capital contribution | $84,521 | $13,500 | ' | ' |
INCOME_TAXES_Details_Narrative
INCOME TAXES (Details Narrative) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' |
Provision for income taxes | ' | ' | ' | ' |
Unrecognized tax benefits | ' | ' | ' | ' |
RELATED_PARTIES_Details_Narrat
RELATED PARTIES (Details Narrative) (USD $) | 9 Months Ended | 6 Months Ended | 12 Months Ended | 36 Months Ended | 6 Months Ended | 16 Months Ended | 1 Months Ended | |||||
Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2012 | Oct. 31, 2012 | Jun. 30, 2013 | |
HBB, LLC | HBB, LLC | HBB, LLC | HBB, LLC | Baked World, LLC | Baked World, LLC | Terry Harris | Terry Harris | |||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan advance from related parties | ' | ' | ' | ' | ' | ' | ' | $371,399 | ' | $18,941 | $3,000 | ' |
Interest rate on loan advance (in percent) | ' | ' | ' | ' | 8.00% | ' | ' | ' | 8.00% | ' | 6.00% | ' |
Due to related party | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,000 |
Services charged by related party | 84,521 | 13,500 | ' | ' | ' | 500 | 1,500 | ' | ' | ' | ' | ' |
Accrued interest-related parties | $80,487 | ' | $80,487 | $64,704 | ' | ' | ' | ' | ' | ' | ' | ' |
SUBSEQUENT_EVENTS_Details_Narr
SUBSEQUENT EVENTS (Details Narrative) (Subsequent Event, USD $) | 0 Months Ended | 0 Months Ended | ||
Oct. 09, 2013 | Nov. 06, 2013 | Nov. 06, 2013 | Nov. 06, 2013 | |
Number | Professional consultant | Officers and directors | ||
Subsequent Event [Line Items] | ' | ' | ' | ' |
Restricted common shares issued under business acquisition (in shares) | 140,000,000 | ' | ' | ' |
Number of debt holders converted | 4 | ' | ' | ' |
Debt conversion instrument amount | $150,000 | ' | ' | ' |
Debt conversion converted instrument shares issued (in shares) | 30,000,000 | ' | ' | ' |
Professional consultant stock compensation plan authorizing (in shares) | ' | 21,000,000 | ' | ' |
Number of restricted common shares issued to officers and directors (in shares) | ' | ' | 10,000,000 | 12,000,000 |