Renewable Energy Acquisition 10-Q 12 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 01, 2013
Document and Entity Information	'	'
Entity Registrant Name	'Renewable Energy Acquisition Corp.	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Entity Central Index Key	'0001418302	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	1,623,750
Entity Filer Category	'Smaller Reporting Company	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well-known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'

Unaudited_Balance_Sheets

Unaudited Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current Assets	'	'
Cash and cash equivalent	$7,234	$129
Prepaid expenses	10,925	1,375
Total Assets	18,159	1,504
Accounts payable	'	'
Trade	7,794	12,793
Officer	0	635
Deposits	20,000	0
Notes payable to stockholders	21,020	7,145
Total Liabilities	48,814	20,573
Commitments and Contingencies	'	'
Stockholders' Deficit	'	'
Preferred stock - $0.001 par value 5,000,000 shares authorized.None issued and outstanding.	0	0
Common stock - $0.001 par value 50,000,000 shares authorized.1,623,750 shares issued and outstanding	1,624	1,624
Additional paid-in capital	50,988	50,305
Deficit accumulated during the development stage	-83,267	-70,998
Total Stockholders' Deficit	-30,655	-19,069
Total Liabilities and Stockholders' Deficit	$18,159	$1,504

Balance_Sheets_Parentheticals

Balance Sheets Parentheticals (USD $)	Sep. 30, 2013	Dec. 31, 2012
Parentheticals	'	'
Preferred Stock	$0.00	$0.00
Preferred Stock, shares authorized	5,000,000	5,000,000
Common Stock	$0.00	$0.00
Common Stock, shares authorized	50,000,000	50,000,000
Common Stock, shares issued	1,623,750	1,623,750
Common Stock, shares Outstanding	1,623,750	1,623,750

Unaudited_Statements_of_Operat

Unaudited Statements of Operations (USD $)	3 Months Ended		9 Months Ended		75 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Revenues:	'	'	'	'	'
Revenues	$0	$0	$0	$0	$0
Operating expenses	'	'	'	'	'
Organization costs	0	0	0	0	11,428
Professional fees	5,300	1,410	9,825	6,000	55,092
Other expenses	-950	146	1,760	3,134	11,608
Total operating expenses	4,350	1,556	11,585	9,134	78,128
Loss from operations	-4,350	-1,556	-11,585	-9,134	-78,128
Other expense	'	'	'	'	'
Interest expense	-297	-234	-684	-542	-5,139
Net Loss	($4,647)	($1,790)	($12,269)	($9,676)	($83,267)
Loss per weighted-average share of common stock outstanding,computed on net loss - basic and fully diluted	$0	$0	($0.01)	($0.01)	$0
Weighted-average number of shares of common stock outstanding - basic and fully diluted	1,623,750	1,100,000	1,623,750	1,100,000	0

Unaudited_Statements_of_Cash_F

Unaudited Statements of Cash Flows (USD $)	9 Months Ended		75 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Cash flows from Operating Activities	'	'	'
Net loss for the period	($12,269)	($9,676)	($83,267)
Interest expense contributed as capital by stockholders	684	542	5,138
(Increase) Decrease in	'	'	'
Prepaid expenses	-9,550	-375	-10,925
Increase (Decrease) in	'	'	'
Accounts payable - trade	-5,000	2,410	7,793
Net cash used in operating activities	-26,135	-7,099	-81,261
Cash Flows from Financing Activities	'	'	'
Cash received on sale of common stock	0	0	31,000
Cash received from notes payable to stockholders	13,240	7,120	56,495
Principal repayments of notes payable to stockholders	0	0	-19,000
Deposits received from potential acquisition	20,000	0	20,000
Net cash provided by financing activities	33,240	7,120	88,495
Increase in Cash	7,105	21	7,234
Cash at beginning of period	129	148	0
Cash at end of period	7,234	169	7,234
Supplemental Disclosure of Interest and Income Taxes Paid	'	'	'
Interest paid during the period	0	0	0
Income taxes paid during the period	0	0	0
Supplemental Disclosure of Non-Cash Investing and Financing Activities	'	'	'
Notes payable to stockholders converted into common stock	0	0	61,000
Accounts payable to stockholders converted into note payable	$635	$0	$635

Background_and_Description_of_

Background and Description of Business	9 Months Ended
	Sep. 30, 2013
Background and Description of Business	'
Background and Description of Business	'
	Note A - Background and Description of Business
	Renewable Energy Acquisition Corp. (Company) was incorporated on June 21, 2007 under the laws of the State of Nevada.
	The Company was formed as a blank check company to effect a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business in either the renewable energy or the environmental industry and their related infrastructures.  To date, our efforts have been limited to organizational activities.  As the Company has had no substantial operations or substantial assets since inception, the Company is considered in the development stage.

Preparation_of_Financial_State

Preparation of Financial Statements	9 Months Ended
	Sep. 30, 2013
Preparation of Financial Statements	'
Preparation of Financial Statements	'
	Note B - Preparation of Financial Statements
	The Company follows the accrual basis of accounting in accordance with generally accepted accounting principles and has established a year-end for accounting purposes of December 31.
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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.
	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.
	During interim periods, the Company follows the accounting policies set forth in its annual audited financial statements filed with the U. S. Securities and Exchange Commission on its Annual Report on Form 10-K containing the Company’s financial statements for the year ended December 31, 2012.  The information presented within these interim financial statements may not include all disclosures required by generally accepted accounting principles and the users of financial information provided for interim periods should refer to the annual financial information and footnotes when reviewing the interim financial results presented herein.
	In the opinion of management, the accompanying interim financial statements, prepared in accordance with the U. S. Securities and Exchange Commission’s instructions for Form 10-Q, are unaudited and contain all material adjustments, consisting only of normal recurring adjustments necessary to present fairly the financial condition, results of operations and cash flows of the Company for the respective interim periods presented.  The current period results of operations are not necessarily indicative of results which ultimately will be reported for the full fiscal year ending December 31, 2013.

Going_Concern_Uncertainty

Going Concern Uncertainty	9 Months Ended
	Sep. 30, 2013
Going Concern Uncertainty	'
Going Concern Uncertainty	'
	Note C - Going Concern Uncertainty
	The Company was formed to effect a merger, capital stock exchange, asset acquisition or other similar business combination with an operating business in either the renewable energy or the environmental industry and their related infrastructures.  To date, the Company’s efforts have been limited to organizational activities.  As the Company has had no substantial operations or substantial assets since inception, the Company is considered in the development stage.  There is no assurance that the Company will be able to successful in the implementation of this business plan.
	The Company has no operating history, limited cash on hand, no assets and has a business plan with inherent risk.  Because of these factors, there is substantial doubt about our ability to continue as a going concern.
	The Company’s current management anticipates that the initial capitalization will be sufficient to maintain the corporate status of the Company for the immediate future.  Because of the Company's lack of operating assets, the Company’s continuance may become fully dependent upon either future sales of securities and/or advances or loans from significant stockholders or corporate officers to provide sufficient working capital to preserve the integrity of the corporate entity during the development phase.
	The Company's continued existence is dependent upon its ability to implement its business plan, generate sufficient cash flows from operations to support its daily operations, and provide sufficient resources to retire existing liabilities and obligations on a timely basis.  The Company faces considerable risk in it’s business plan and a potential shortfall of funding due to our uncertainty to raise adequate capital in the equity securities market.
	The Company is dependent upon the cash in bank to support its day-to-day operations.  In the event that working capital sufficient to maintain the corporate entity and implement our business plan is not available, the Company’s existing controlling stockholders intend to maintain the corporate status of the Company and provide all necessary working capital support on the Company's behalf.  However, no formal commitments or arrangements to advance or loan funds to the Company or repay any such advances or loans exist.  There is no legal obligation for either management or existing controlling stockholders to provide additional future funding. Further, the Company is at the mercy of future economic trends and business operations for the Company’s existing controlling stockholders to have the resources available to support the Company.
	The Company anticipates offering future sales of equity securities.  However, there is no assurance that the Company will be able to obtain additional funding through the sales of additional equity securities or, that such funding, if available, will be obtained on terms favorable to or affordable by the Company.
	The Company’s Articles of Incorporation authorizes the issuance of up to 5,000,000 million shares of preferred stock and 50,000,000 shares of common stock.  The Company’s ability to issue preferred stock may limit the Company’s ability to obtain debt or equity financing as well as impede the implementation of the Company’s business plan.  The Company’s ability to issue these authorized but unissued securities may also negatively impact our ability to raise additional capital through the sale of our debt or equity securities.
	In such a restricted cash flow scenario, the Company would be unable to complete its business plan steps, and would, instead, delay all cash intensive activities.  Without necessary cash flow, the Company may become dormant during the next twelve months, or until such time as necessary funds could be raised in the equity securities market.
	While the Company is of the opinion that good faith estimates of the Company’s ability to secure additional capital in the future to reach its goals have been made, there is no guarantee that the Company will receive sufficient funding to sustain operations or implement any future business plan steps.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Equity Transactions	'
Summary of Significant Accounting Policies	'
	Note D - Summary of Significant Accounting Policies
	1.      Cash and cash equivalents
	The Company considers all cash on hand and in banks, certificates of deposit and other highly-liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents.
	2.      Income taxes
	The Company files income tax returns in the United States of America and various states, as appropriate and applicable.  With few exceptions, the Company is no longer subject to U.S. federal, state and local, as applicable, income tax examinations by regulatory taxing authorities for any period prior to January 1, 2010.  The Company does not anticipate any examinations of returns filed for periods ending on or after December 31, 2009.
	The Company uses the asset and liability method of accounting for income taxes.  At September 30, 2013 and December 31, 2012, respectively, the deferred tax asset and deferred tax liability accounts, as recorded when material to the financial statements, are entirely the result of temporary differences.  Temporary differences generally represent differences in the recognition of assets and liabilities for tax and financial reporting purposes, primarily accumulated depreciation and amortization, allowance for doubtful accounts and vacation accruals.
	Potential liabilities as a result of management’s acceptance of potentially uncertain positions for income tax treatment are recognized on a “more-likely-than-not” probability of an assessment upon examination by a respective taxing authority.
	3.      Earnings (Loss) per common share
	Basic earnings (loss) per common share is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of common shares outstanding during the respective period presented in our accompanying financial statements.
	Fully diluted earnings (loss) per common share is computed similar to basic income (loss) per share except that the denominator is increased to include the number of common stock equivalents (primarily outstanding options and warrants).
	Common stock equivalents represent the dilutive effect of the assumed exercise of the outstanding stock options and warrants, using the treasury stock method, at either the beginning of the respective period presented or the date of issuance, whichever is later, and only if the common stock equivalents are considered dilutive based upon the Company’s net income (loss) position at the calculation date.
	As of September 30, 2013 and 2012, respectively, the Company had no outstanding stock warrants, options or convertible securities which could be considered as dilutive for purposes of the loss per share calculation.
	4.      Recent Accounting Pronouncements
	The Company is of the opinion that any and all pending accounting pronouncements, either in the adoption phase or not yet required to be adopted, will not have a significant impact on the Company's financial position or results of operations.
	5.      Subsequent Events
	The Company’s management reviewed all material events through the date the consolidated financial statements were issued for subsequent event disclosure consideration.

Notes_Payable_to_Stockholders

Notes Payable to Stockholders	9 Months Ended
	Sep. 30, 2013
Notes Payable to Stockholders	'
Notes Payable to Stockholders	'
	Note E - Notes Payable to Stockholders
	In conjunction with the initial capitalization of the Company, the subscribing stockholders agreed that additional working capital would be needed to support the initial phases of the Company’s implementation of its business plan.  Accordingly, two controlling stockholders agreed to lend the Company an aggregate $25,000 with an initial maturity of the sooner of August 31, 2008 or 10 days after the closing of an anticipated initial public offering.
	The notes are non-interest bearing and, as such, the Company has recognized an aggregate of approximately $3,386 as additional paid-in capital for economic event (calculated at an imputed interest rate of 6.0% per annum) related to the non-interest bearing feature on the aforementioned notes payable to stockholders.
	On September 29, 2009, the Company paid the controlling stockholders an aggregate of $19,000 as principal repayment and the controlling stockholders converted their remaining $6,000 in debt into 250,000 shares of restricted, unregistered common stock.
	As of December 31, 2011 and 2010, the outstanding balances on these two separate notes is an aggregate $-0- and $-0-, respectively.
	During Calendar 2010, three stockholders loaned the Company an aggregate $3,000 to support the Company’s working capital needs.  These notes are due upon demand and are non-interest bearing.
	During Calendar 2011, two stockholders loaned the Company an aggregate $7,320 to support the Company’s working capital needs.  These notes are due upon demand and are non-interest bearing.
	On November 12, 2012, the Company executed five (5) separate Investment Letter and Subscription Agreement(s) with three (3) separate stockholders converting an aggregate $10,475 in notes payable to stockholders into approximately 523,750 shares of restricted, unregistered common stock at $0.02 per share.
	During 2013, two (2) separate stockholders loaned an additional aggregate $13,240 in cash to the Company to support operations.  Additionally, one stockholder converted $635 of open accounts payable into a note payable.  These notes are due upon demand and are non-interest bearing.
	As of September 30, 2013 and December 31, 2012, the outstanding aggregate balances on notes payable to stockholders was $21,020 and $7,145, respectively.
	The Company has recognized an aggregate of $684 and $542 in interest expense for each of the nine month periods ended September 30, 2013 and 2012, respectively, as additional paid-in capital for the economic event related to the non-interest bearing feature on these notes payable to stockholders(calculated at an imputed interest rate of 6.0% per annum).

Equity_Transactions

Equity Transactions	9 Months Ended
	Sep. 30, 2013
Equity Transactions	'
Equity Transactions	'
	Note F - Equity Transactions
	At its June 21, 2007 initial capitalization, the Company sold an aggregate 500,000 shares of restricted, unregistered common stock to its initial stockholders for gross proceeds of approximately $25,000 cash.  The Company relied upon Section 4(2) of the Securities Act of 1933, as amended, for an exemption from registration of these shares and no underwriter was used in this transaction.
	On September 29, 2009, the Company sold an aggregate 600,000 shares of restricted, unregistered common stock to 4 separate individuals, including 3 current stockholders or relatives of current stockholders for $0.02 per share, or $3,000 per purchaser.  Two of the transactions were for cash and two of the transactions involved the exchange of notes payable to founding stockholders, as discussed earlier.  The Company relied upon Section 4(2) of the Securities Act of 1933, as amended, for an exemption from registration of these shares and no underwriter was used in this transaction.
	On November 12, 2012, the Company executed five (5) separate Investment Letter and Subscription Agreement(s) with three (3) separate stockholders converting an aggregate $10,475 in notes payable to stockholders into approximately 523,750 shares of restricted, unregistered common stock at $0.02 per share.  The Company relied upon Section 4(2) of the Securities Act of 1933, as amended, for an exemption from registration of these shares and no underwriter was used in this transaction.
	On September 2, 2013, the Company received a $20,000 “stand still fee" from a construction company pursuant to which it agreed to negotiate in good faith to reach a definitive agreement regarding the acquisition of the construction company’s solar photovoltaic construction and installation business unit, and to refrain from entering into discussions or negotiations with any other acquisition target for a period of time.  As of the date of these financial statements, the companies are still in conversation and no definitive agreement has been entered into. The Company recorded this $20,000 fee under deposits on the balance sheet at September 30, 2013.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Summary of Significant Accounting Policies (Policies)	'
Cash and cash equivalents	'
	.      Cash and cash equivalents
	The Company considers all cash on hand and in banks, certificates of deposit and other highly-liquid investments with maturities of three months or less, when purchased, to be cash and cash equivalents.
Income taxes	'
	.      Income taxes
	The Company files income tax returns in the United States of America and various states, as appropriate and applicable.  With few exceptions, the Company is no longer subject to U.S. federal, state and local, as applicable, income tax examinations by regulatory taxing authorities for any period prior to January 1, 2010.  The Company does not anticipate any examinations of returns filed for periods ending on or after December 31, 2009.
	The Company uses the asset and liability method of accounting for income taxes.  At September 30, 2013 and December 31, 2012, respectively, the deferred tax asset and deferred tax liability accounts, as recorded when material to the financial statements, are entirely the result of temporary differences.  Temporary differences generally represent differences in the recognition of assets and liabilities for tax and financial reporting purposes, primarily accumulated depreciation and amortization, allowance for doubtful accounts and vacation accruals.
	Potential liabilities as a result of management’s acceptance of potentially uncertain positions for income tax treatment are recognized on a “more-likely-than-not” probability of an assessment upon examination by a respective taxing authority.
Earnings (Loss) per common share	'
	Earnings (Loss) per common share
	Basic earnings (loss) per common share is computed by dividing the net income (loss) available to common stockholders by the weighted-average number of common shares outstanding during the respective period presented in our accompanying financial statements.
	Fully diluted earnings (loss) per common share is computed similar to basic income (loss) per share except that the denominator is increased to include the number of common stock equivalents (primarily outstanding options and warrants).
	Common stock equivalents represent the dilutive effect of the assumed exercise of the outstanding stock options and warrants, using the treasury stock method, at either the beginning of the respective period presented or the date of issuance, whichever is later, and only if the common stock equivalents are considered dilutive based upon the Company’s net income (loss) position at the calculation date.
	As of September 30, 2013 and 2012, respectively, the Company had no outstanding stock warrants, options or convertible securities which could be considered as dilutive for purposes of the loss per share calculation.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The Company is of the opinion that any and all pending accounting pronouncements, either in the adoption phase or not yet required to be adopted, will not have a significant impact on the Company's financial position or results of operations.
Subsequent Events	'
	Subsequent Events
	The Company’s management reviewed all material events through the date the consolidated financial statements were issued for subsequent event disclosure consideration.

Going_Concern_Uncertainty_Auth

Going Concern Uncertainty Authorized Shares (Details)	Sep. 30, 2013
Going Concern Uncertainty Authorized Shares	'
Preferred Stock shares authorized.	5,000,000
Common stock Shares authorized.	50,000,000

Note_Payable_to_stock_holders_

Note Payable to stock holders (details) (USD $)	Sep. 30, 2013	Mar. 31, 2013	Nov. 02, 2012	Dec. 31, 2011	Dec. 31, 2010	Sep. 29, 2009	Aug. 31, 2008
Notes payable to stock holder	'	'	'	'	'	'	'
Stock holders agreed to lend the company	'	'	'	'	'	'	$25,000
Non-interest bearing notes	'	'	'	'	'	'	3,386
Company paid the controlling stockholders an aggregate amt	'	'	'	'	'	19,000	'
Controlling stockholders converted their remaining amt	'	'	'	'	'	6,000	'
Controlling stockholders converted debt amt into shares	'	'	'	'	'	250,000	'
Stockholders loaned the Company an aggregate amt	'	'	'	7,320	3,000	'	'
Company executed five (5) separate Investment Letter and Subscription Agreement(s) with three (3) separate stockholders converting an aggregate amt	'	'	10,475	'	'	'	'
Controlling stockholders converted debt amt into shares,	'	'	523,750	'	'	'	'
Unregistered common stock per share	'	'	$0.02	'	'	'	'
Two (2) separate stockholders loaned an additional aggregate amt	'	13,240	'	'	'	'	'
Stockholder converted account payable note payable	'	635	'	'	'	'	'
Outstanding aggregate balances on notes payable to stockholders	$21,020	$7,145	'	'	'	'	'

Capital_Stock_Transactions_sto

Capital Stock Transactions - stock sold (Details) (USD $)	Sep. 02, 2013	Nov. 12, 2012	Sep. 29, 2009	Jun. 22, 2007
Capital Stock Transactions - stock sold	'	'	'	'
Number of restricted shares sold to initial stockholders	'	'	'	500,000
Gross proceeds of restricted shares sold to initial stockholders	'	'	'	$25,000
Number of restricted shares sold to 4 separate individuals	'	'	600,000	'
Per share value $0.02 restricted shares sold to 4 separate individuals or value of per purchaser	'	'	3,000	'
Notes payables amount of three stockholders converted	'	10,475	'	'
Shares of restricted common stock issued on conversion	'	523,750	'	'
Price per share of restricted stock	'	$0.02	'	'
Company received a "stand still fee" from a construction company and recorded under Deposits	$20,000	'	'	'