Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2015 | Aug. 21, 2015 | |
Document And Entity Information | ||
Entity Registrant Name | ROADSHIPS HOLDINGS, INC. | |
Entity Central Index Key | 1,389,067 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2015 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Is Entity a Well-known Seasoned Issuer? | No | |
Is Entity a Voluntary Filer? | No | |
Is Entity's Reporting Status Current? | No | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 2,987,633,430 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2,015 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Mar. 31, 2015 | Dec. 31, 2014 |
Current assets: | ||
Cash | $ 407 | |
Total current assets | 407 | |
Non-current assets: | ||
Property, plant and equipment, net of accumulated depreciation of $123,649 and $123,245 as of March 31, 2015 and December 31, 2014, respectively | $ 7,556 | 7,960 |
TOTAL ASSETS | 7,556 | 8,367 |
LIABILITIES | ||
Accounts payable and accrued expenses | 84,913 | $ 38,924 |
Bank overdraft | 150 | |
Accounts payable - related party | 587 | $ 556 |
Accrued interest - related party | 3,066 | 329 |
Loans from related parties | 201,462 | 187,745 |
Short-term notes payable | 16,921 | 4,063 |
Total current liabilities | 307,099 | 231,617 |
TOTAL LIABILITIES | $ 307,099 | 231,617 |
STOCKHOLDERS' DEFICIT | ||
Series A Convertible Preferred Stock, par value $0.0001. 4 shares authorized, zero and 1 share outstanding at March 31, 2015 and December 31, 2014, respectively | $ 1 | |
Series B Convertible Preferred Stock, par value $0.0001. 10,000,000 shares authorized, none outstanding at March 31, 2015 and December 31, 2014 | ||
Common stock, $0.00001 par value. Three billion shares authorized. 2,987,633,430 outstanding at March 31, 2015 and December 31, 2014 | $ 29,876 | $ 29,876 |
Additional paid in capital | 32,661,563 | 32,661,562 |
Accumulated deficit | (32,991,927) | (32,909,787) |
Effect of foreign currency translation | 945 | (4,902) |
TOTAL STOCKHOLDERS' DEFICIT | (299,543) | (223,250) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 7,556 | $ 8,367 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) | Mar. 31, 2015 | Dec. 31, 2014 |
ASSETS | ||
Accumulated depreciation of property, plant and equipment | $ 123,649 | $ 123,245 |
STOCKHOLDERS' DEFICIT | ||
Common stock, par value | $ 0.00001 | $ 0.00001 |
Common stock, shares authorized | 3,000,000,000 | 3,000,000,000 |
Common stock, shares issued | 2,987,633,430 | 2,987,633,430 |
Common stock, shares outstanding | 2,987,633,430 | 2,987,633,430 |
Series A Convertible Preferred Stock | ||
STOCKHOLDERS' DEFICIT | ||
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 4 | 4 |
Preferred stock, shares outstanding | 0 | 1 |
Series B Convertible Preferred Stock | ||
STOCKHOLDERS' DEFICIT | ||
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares outstanding | 0 | 0 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
OPERATING EXPENSES | ||
General and administrative | $ 78,764 | $ 6,067 |
Depreciation | 404 | 2,017 |
Total operating expenses | 79,168 | 8,084 |
Operating income / (loss) | (79,168) | (8,084) |
OTHER INCOME / (EXPENSE) | ||
Interest expense | (2,972) | (510) |
Total other | (2,972) | (510) |
Net loss | (82,140) | (8,594) |
OTHER COMPREHENSIVE INCOME (LOSS) | ||
Effect of foreign currency exchange | 5,847 | (1,776) |
Net comprehensive loss | $ (76,293) | $ (10,370) |
Net loss per common share - basic and diluted | $ .00 | $ .00 |
Weighted average shares outstanding | 2,987,633,430 | 2,987,633,430 |
Consolidated Statement Of Stock
Consolidated Statement Of Stockholders Equity / (Deficit) - USD ($) | Common Stock | Preferred Stock Series A | Preferred Stock Series B | Accumulated Other Comprehensive Income | Additional Paid-In Capital | Accumulated Deficit | Total |
Beginning Balance, Shares at Dec. 31, 2013 | 2,987,633,430 | 1 | 39,312 | ||||
Beginning Balance, Amount at Dec. 31, 2013 | $ 29,876 | $ 1 | $ 4 | $ (11,325) | $ 32,759,839 | $ (32,832,647) | $ (54,252) |
Preferred shares exchanged for debt, Shares | (39,312) | ||||||
Preferred shares exchanged for debt, Amount | $ (4) | (98,277) | (98,281) | ||||
Foreign currency translation adjustment | 6,423 | 6,423 | |||||
Net loss | (77,140) | (77,140) | |||||
Ending Balance, Shares at Dec. 31, 2014 | 2,987,633,430 | 1 | |||||
Ending Balance, Amount at Dec. 31, 2014 | $ 29,876 | $ 1 | (4,902) | 32,661,562 | (32,909,787) | (223,250) | |
Foreign currency translation adjustment | 5,847 | $ 5,847 | |||||
Preferred A shares surrendered, Shares | (1) | ||||||
Preferred A shares surrendered, Amount | $ (1) | 1 | |||||
Net loss | (82,140) | $ (82,140) | |||||
Ending Balance, Shares at Mar. 31, 2015 | 2,987,633,430 | ||||||
Ending Balance, Amount at Mar. 31, 2015 | $ 29,876 | $ 945 | $ 32,661,563 | $ (32,991,927) | $ (299,543) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Net Loss | $ (82,140) | $ (8,594) | $ (77,140) |
Depreciation expense | 404 | 2,017 | |
Changes in operating assets and liabilities: | |||
Accounts payable and accrued expenses | 41,299 | 4,259 | |
Accounts payable - related party | 31 | (1,749) | |
Accrued expense | 2,396 | 155 | |
Net cash used in operating activities | (38,010) | (3,912) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Cash proceeds from related-party loan | 18,606 | 4,877 | |
Cash proceeds from notes payable | $ 13,150 | 4,063 | |
Principal payments on related-party loans | (3,439) | ||
Net cash provided by financing activities | $ 31,756 | 5,501 | |
Effect of foreign exchange transactions | 5,847 | (1,776) | |
Net increase/(decrease) in cash | (407) | (187) | |
Cash and equivalents - beginning of period | $ 407 | 196 | 196 |
Cash and equivalents - end of period | 9 | $ 407 | |
SUPPLEMENTARY INFORMATION | |||
Cash paid for interest | $ 366 | ||
Cash paid for income taxes | |||
SUPPLEMENTAL DISCLOSURES OF NON-CASH FINANCING TRANSACTIONS | |||
Preferred A shares surrendered | $ 1 |
Organization and Nature of Busi
Organization and Nature of Business | 3 Months Ended |
Mar. 31, 2015 | |
Notes to Financial Statements | |
Note 1 - Organization and Nature of Business | History Roadships Holdings, Inc. was formed in Delaware on June 5, 2006 as Caddystats, Inc. (Roadships Holdings, Inc. and Caddystats shall hereinafter be collectively referred to as Roadships Caddystats Roadships Holdings, the Company, we or us). The Company adopted the accounting acquirers year end, December 31. Our Business The Company has two divisions: a Technology Division reflecting the acquisition of Click and a Transport Division, reflecting the Companys historical business. Technology Division The Technology division is headed by Click CEO and founder, Dr. Jon N Leonard. The Division operates in the internet applications space, a space uniquely able to embrace fast growing and novel business. The iPhone, Google, Facebook, Amazon, Twitter, Android, Uber and numerous other examples are reminders of the ability of the internet applications space to surprise us with the arrival seemingly from out of nowhere- of wholly new business universes. Click is developing a system branded KlickZie aimed at turning smartphones, including iPhones, Android phones and other smartphones, into trustable imagers and advanced communicators. Trustable imagers means that the pictures and videos can be trusted to be the original, untampered, un-Photoshopped pictures and videos made by the smartphone. Advanced communicators means that the pictures and videos can be used as living, trusted portals to communicate with others. The KlickZie system concept consists of downloadable software able to securitize the imaging process in the smartphone, together with an advanced cloud system to authenticate KlickZie pictures and videos and to make possible imagery based communication among people who happen upon KlickZie pictures and videos. Ongoing Transport Division The Transport Division is headed by Roadships Holdings founder, Micheal Nugent. The division operates in the short-sea and ground freight transport industry sectors. |
Basis of Presentation and Summa
Basis of Presentation and Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2015 | |
Notes to Financial Statements | |
Note 2 - Basis of Presentation and Summary of Significant Accounting Policies | Consolidated Financial Statements In the opinion of management, the accompanying financial statements includes all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows for the period ending March 31, 2015. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with information included in our audited financial statements for the period ended December 31, 2014, as reported in Form 10-K filed with the Securities and Exchange Commission on July 9, 2015. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company's system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented. Principles of Consolidation Our consolidated financial statements include the accounts of Roadships Holdings, Inc. and all majority-owned subsidiaries. All significant inter-company accounts and transactions are eliminated in consolidation. Property, Plant and Equipment We record our property plant and equipment at historical cost. The estimated useful lives of these assets range from three to seven years and are depreciated using the straight-line method over the assets useful life. Foreign Currency Risk We currently have two subsidiaries operating in Australia. At March 31, 2015 and December 31, 2014, we had $0 and $500 Australian Dollars, respectively ($0 and $407 US Dollars, respectively) deposited into Australian banks. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Net Loss Per Share Basic and diluted net loss per share calculations are calculated on the basis of the weighted average number of common shares outstanding during the year. The per share amounts include the dilutive effect of common stock equivalents in years with net income. Basic and diluted loss per share is the same for the three months ended March 31, 2015 as the effect of our potential common stock equivalents would be anti-dilutive. Recent Accounting Pronouncements In June 2014, the FASB issued ASU No. 2014-10: Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation |
Going Concern
Going Concern | 3 Months Ended |
Mar. 31, 2015 | |
Notes to Financial Statements | |
Note 3 - Going Concern | We have not begun our core operations in the short-sea and ground freight industries and have not yet acquired the assets to enter these markets and we will require additional capital to do so. There is no guarantee that we will acquire the capital to procure the assets to enter these markets or, upon doing so, that we will generate positive cash flows from operations. Roadships Holdings financial statements have been prepared on a development stage company basis. Substantial doubt exists as to Roadships Holdings ability to continue as a going concern. No adjustment has been made to these financial statements for the outcome of this uncertainty. |
Related Party Transactions
Related Party Transactions | 3 Months Ended |
Mar. 31, 2015 | |
Notes to Financial Statements | |
Note 4 - Related Party Transactions | For the three months ended March 31, 2015 and 2014, we had the following transactions with the Twenty Second Trust (the Trust), the trustee of whom is Tamara Nugent, the wife of our major shareholder and former Chief Executive Officer, Micheal Nugent: · We received $18,606 and $4,877, respectively, in cash loans to pay operating expenses and repaid $0 and $3,439, respectively, in principal. · We accrued $2,396 and $589, respectively, in interest payable to the Trust and paid $0 and $402, respectively, in interest payments. According to our agreement with Mr. Nugent, we accrue interest on all unpaid amounts at 5%. Principal and interest are callable at any time. If principal and interest are called and not repaid, the loan is considered in default after which interest is accrued at 10%. As of the date of this report, no principal or interest has been called by the maker of the note. The outstanding balance at March 31, 2015 is $201,462 and $3,066, respectively, for principal and interest. On December 9, 2014, we redeemed 39,312 shares of Series B Convertible Preferred Stock issued in 2013 to our Chief Executive Officer, by issuing a promissory note in the amount of $98,281. The promissory note is due December 31, 2015 and bears interest at 5% (see Note 5). |
Capital
Capital | 3 Months Ended |
Mar. 31, 2015 | |
Notes to Financial Statements | |
Note 5 - Capital | At December 31, 2013, we had 2,987,633,430 common shares issued and outstanding from a total of three billion authorized. We issued no common shares during the year ended December 31, 2014 or the three months ended March 31, 2015. Preferred Stock On March 12, 2013, the Board of Directors authorized 4 shares of Class A Convertible Preferred Stock and 10,000,000 shares of Class B Convertible Preferred Stock. Class A and B Convertible Preferred Stock have the following attributes: Series A Convertible Preferred Stock The Series A Preferred Stock is convertible into the number of shares of Common Stock which equals 4 times the sum of: i) the total number of shares of Common Stock which are issued and outstanding at the time of conversion, plus ii) the total number of shares of Series B Preferred Stocks which are issued and outstanding at the time of conversion. The Series A Preferred Stock voting rights are equal to the number of shares of Common Stock which equals 4 times the sum of: i) the total number of shares of Common Stock which are issued and outstanding, plus ii) the total number of shares of Series B Preferred Stocks which are issued and outstanding. Series B Convertible Preferred Stock Each share of Series B Preferred Stock is convertible at par value $0.0001 per share (the Series B Preferred), at any time, and/or from time to time, into the number of shares of the Corporation's common stock, par value $0.0001 per share (the "Common Stock") equal to the price of the Series B Preferred Stock ($2.50), divided by the par value of the Series B Preferred (par value of $0.0001per share), subject to adjustment as may be determined by the Board of Directors from time to time (the "Conversion Rate"). Based on the $2.50 price per share of Series B Preferred Stock, and a par value of $0.0001 per share for Series B Preferred each share of Series B Preferred Stock is convertible into 250,000 shares of Common Stock. Each share of Series B Preferred Stock has 10 votes for any election or other vote placed before the shareholders of the Common stock. The Preferred A stock has a stated value of $0.0001 and no stated dividend rate and is non-participatory. The Series A and Series B has liquidation preference over common stock. The Voting Rights for each share of Series A is equal to 1 vote per share (equal to 4 times the number of common and Preferred B shares outstanding) and Series B Preferred Stock have 10 votes per shares. The Holder has the right to convert the Preferred A and B to common shares of the Company with the Series A convertible to 4 times the number of common and Preferred B shares outstanding and Series B convertible to 250,000 common shares per Preferred B share. The Preferred Series A and Series B represents voting control based on managements interpretation of the Company bylaws and Certificate of Designation. Preferred Stock Transactions On March 12, 2013, the Company issued 1 share of Series A Convertible Preferred Stock and 39,312 shares of Series B Convertible Preferred Stock to the Twenty Second Trust (a related party) in exchange for a reduction of debt in the amount of $98,281. On January 15, 2015, Tamara Nugent, as trustee for Twenty Second Trust, surrendered one share of Series A Preferred Stock to the Registrant in exchange for $1. As a result of the surrender, the Registrant has no shares of any class or series of Preferred Stock issued or outstanding. On December 9, 2014, we redeemed the 39,312 shares of Series B Convertible Preferred Stock issued in 2013 to our Chief Executive Officer, by issuing a promissory note in the amount of $98,281. The promissory note is due December 31, 2015 and bears interest at 5%. We valued the shares at their fair values on the date of their conversion to this promissory note and valued the shares at $2,914,843. Because the transaction was with a related party, we recorded the removal of the Series B shares by recording a liability in the amount of $98,281, and reducing the par value of the shares and Additional Paid in Capital by $4 and $98,277, respectively, recording no gain on the conversion. |
Property, Plant and Equipment
Property, Plant and Equipment | 3 Months Ended |
Mar. 31, 2015 | |
Notes to Financial Statements | |
Note 6 - Property, Plant and Equipment | Property, Plant and Equipment consists principally of office furniture and equipment and vehicles. Balances at March 31, 2015 and December 31, 2014 are as follows: 3/31/15 (Unaudited) 12/31/14 (Audited) Office equipment $ 95,931 $ 95,931 Equipment 23,362 23,362 Vehicles 11,912 11,912 Total fixed assets at cost 131,205 131,205 Less: accumulated depreciation (123,649 ) (123,245 ) Net fixed assets $ 7,556 $ 7,960 |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2015 | |
Notes to Financial Statements | |
Note 7 - Subsequent Events | On April 20, 2015, the Registrant and Tamara Nugent, as trustee for Twenty Second Trust (the Trust), entered into a Common Stock Repurchase Agreement (the Repurchase Agreement), whereby the Trust agreed to sell 1,796,571,210 shares of the Registrants common stock (the Repurchased Shares) to the Registrant in exchange for the sum of $17,966. The Consideration was paid in the form of $3,653 cash from the Registrant and secured by a non-interest bearing demand note issued by the Registrant for $14,313. The Repurchased Shares will be held in treasury by and in the name of the Registrant. On April 22, 2015, the Registrant entered into a Share Exchange Agreement (SEA) with Click Evidence Inc. (Click), an Arizona corporation, and certain shareholders of Click, whereby the Selling Shareholders agreed to sell not less than 90% of all 14,146,230 of the issued and outstanding shares of Click common stock to the Registrant in exchange for restricted shares of the Registrants common stock (the Share Exchange). Under the terms and subject to the provisions of the SEA, each of the Selling Shareholders will receive 126 and a fraction restricted shares of Roadships common stock for each share of Click common stock sold to the Registrant, and a change of officers would be implemented. On May 21, 2015, this SEA transaction was closed, accompanied with the resignation of Robert McClelland as Vice President but remaining as a director, the resignation of Micheal Nugent as President, CEO, CFO and Chief Accounting Officer but remaining as a director, and the appointment of Jon N Leonard as President, CEO, CFO and Chief Accounting Officer, and as a director and Chairman of the Board. We have evaluated subsequent events through the date of this report. |
Basis of Presentation and Sum14
Basis of Presentation and Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2015 | |
Basis Of Presentation And Summary Of Significant Accounting Policies Policies | |
Consolidated Financial Statements | In the opinion of management, the accompanying financial statements includes all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows for the period ending March 31, 2015. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with information included in our audited financial statements for the period ended December 31, 2014, as reported in Form 10-K filed with the Securities and Exchange Commission on July 9, 2015. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company's system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented. |
Principles of Consolidation | Our consolidated financial statements include the accounts of Roadships Holdings, Inc. and all majority-owned subsidiaries. All significant inter-company accounts and transactions are eliminated in consolidation. |
Property, Plant and Equipment | We record our property plant and equipment at historical cost. The estimated useful lives of these assets range from three to seven years and are depreciated using the straight-line method over the assets useful life. |
Foreign Currency Risk | We currently have two subsidiaries operating in Australia. At March 31, 2015 and December 31, 2014, we had $0 and $500 Australian Dollars, respectively ($0 and $407 US Dollars, respectively) deposited into Australian banks. |
Use of Estimates | The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Net Loss Per Share | Basic and diluted net loss per share calculations are calculated on the basis of the weighted average number of common shares outstanding during the year. The per share amounts include the dilutive effect of common stock equivalents in years with net income. Basic and diluted loss per share is the same for the three months ended March 31, 2015 as the effect of our potential common stock equivalents would be anti-dilutive. |
Recent Accounting Pronouncements | In June 2014, the FASB issued ASU No. 2014-10: Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation |
Property, Plant and Equipment (
Property, Plant and Equipment (Tables) | 3 Months Ended |
Mar. 31, 2015 | |
Property Plant And Equipment Tables | |
Schedule of Property, Plant and Equipment | Property, Plant and Equipment consists principally of office furniture and equipment and vehicles. Balances at March 31, 2015 and December 31, 2014 are as follows: 3/31/15 (Unaudited) 12/31/14 (Audited) Office equipment $ 95,931 $ 95,931 Equipment 23,362 23,362 Vehicles 11,912 11,912 Total fixed assets at cost 131,205 131,205 Less: accumulated depreciation (123,649 ) (123,245 ) Net fixed assets $ 7,556 $ 7,960 |
Basis of Presentation and Sum16
Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) - USD ($) | Mar. 31, 2015 | Dec. 31, 2014 |
Basis Of Presentation And Summary Of Significant Accounting Policies Details Narrative | ||
Deposits in Bank | $ 0 | $ 407 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 3 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Related Party Transactions Details Narrative | |||
Cash proceeds from shareholder loans | $ 18,606 | $ 4,877 | |
Cash payments to related parties | 0 | $ 3,439 | |
Accrued interest | 2,396 | $ 589 | |
Interest payable | 0 | $ 402 | |
Principal of related party | 201,462 | ||
Interest of related party | $ 3,066 |
Property, Plant and Equipment18
Property, Plant and Equipment (Details) - USD ($) | Mar. 31, 2015 | Dec. 31, 2014 |
Total fixed assets at cost | $ 131,205 | $ 131,205 |
Less: accumulated depreciation | (123,649) | (123,245) |
Net fixed assets | 7,556 | 7,960 |
Office Equipment | ||
Total fixed assets at cost | 95,931 | 95,931 |
Equipment | ||
Total fixed assets at cost | 23,362 | 23,362 |
Vehicles | ||
Total fixed assets at cost | $ 11,912 | $ 11,912 |