Renewable Energy Acquisition 10-K 29 Mar 16 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 29, 2016	Mar. 01, 2016
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Entity Registrant Name	Renewable Energy Acquisition Corp.
Entity Central Index Key	1,418,302
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 0
Trading Symbol	REAC
Entity Common Stock, Shares Outstanding		1,623,750

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents	$ 633	$ 1,633
Total Assets	633	1,633
Current Liabilities
Accounts payable - trade	12,178	1,800
Accounts payable - related party	0	1,500
Notes payable to stockholders	42,920	31,920
Accrued interest payable to stockholders	1,269	308
Total Liabilities	$ 56,367	$ 35,528
Commitments and Contingencies
Stockholders' Equity (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	53,826	52,529
Accumulated deficit	(111,184)	(88,048)
Total Stockholders' Equity (Deficit)	(55,734)	(33,895)
Total Liabilities and Stockholders' Equity (Deficit)	$ 633	$ 1,633

Balance Sheets _Parenthetical_

Balance Sheets [Parenthetical] - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
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

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenues	$ 0	$ 0
Operating expenses
Professional fees	23,852	14,602
Other expenses	4,376	4,575
Total operating expenses	28,228	19,177
Loss from operations	(28,228)	(19,177)
Other income (expense)
Miscellaneous income	7,500	0
Interest expense on notes payable to stockholders	(2,408)	(1,530)
Loss before provision for income taxes	(23,136)	(20,707)
Provision for income taxes	0	0
Net loss	$ (23,136)	$ (20,707)
Loss per weighted-average share of common stock outstanding, computed on net loss - basic and fully diluted	$ (0.01)	$ (0.01)
Weighted-average number of shares of common stock outstanding - basic and fully diluted	1,623,750	1,623,750

Statement of Changes in Stockho

Statement of Changes in Stockholders' Equity (Deficit) - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Balance at Dec. 31, 2013	$ (14,410)	$ 1,624	$ 51,037	$ (67,341)
Balance (in shares) at Dec. 31, 2013		1,623,750
Contributed capital from non-interest bearing notes payable to stockholders	1,222	$ 0	1,222	0
Net loss	(20,707)	0	0	(20,707)
Balance at Dec. 31, 2014	(33,895)	$ 1,624	52,529	(88,048)
Balance (in shares) at Dec. 31, 2014		1,623,750
Contributed capital from non-interest bearing notes payable to stockholders	1,297		1,297
Net loss	(23,136)			(23,136)
Balance at Dec. 31, 2015	$ (55,734)	$ 6,989	$ 53,826	$ (111,184)
Balance (in shares) at Dec. 31, 2015		6,989,000

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash Flows from Operating Activities
Net loss	$ (23,136)	$ (20,707)
Adjustments to reconcile net loss to net cash used in operating activities:
Interest expense contributed as capital by stockholders	1,297	1,222
(Increase) Decrease in:
Prepaid expenses	0	8,675
Increase (Decrease) in:
Accounts payable - trade	10,378	(1,298)
Accounts payable - related party	(1,500)	1,500
Accrued interest payable to stockholders	961	308
Net cash used in operating activities	(12,000)	(10,300)
Cash Flows from Investing Activities	0	0
Cash Flows from Financing Activities
Cash received from notes payable to stockholders	11,000	10,900
Net cash provided by financing activities	11,000	10,900
Increase (Decrease) in Cash	(1,000)	600
Cash at beginning of period	1,633	1,033
Cash at end of period	$ 633	$ 1,633

Background and Description of B

Background and Description of Business	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	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, the Company’s efforts have been limited to organizational activities.

Preparation of Financial Statem

Preparation of Financial Statements	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting [Text Block]	Note B - Preparation of Financial Statements The Company follows the accrual basis of accounting in accordance with generally accepted accounting principles and has elected a year-end 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

Going Concern Uncertainty

Going Concern Uncertainty	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern Uncertainty [Text Block]	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. 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 operating assets and has a business plan with inherent risk. Because of these factors, the Company’s auditors have issued an audit opinion on the Company’s financial statements which includes a statement describing our going concern status. This means, in the auditor’s opinion, substantial doubt about our ability to continue as a going concern exists at the date of their opinion. 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 existing cash balances 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 50,000,000 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 Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	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. Organization costs The Company has adopted the provisions of provisions required by the Start-Up Activities topic of the FASB Accounting Standards Codification whereby all costs incurred with the incorporation and reorganization, post-bankruptcy, of the Company were charged to operations as incurred. 3. Income taxes The Company files income tax returns in the United States of America and various states, as appropriate and applicable. 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, 2013. However, the Company does not anticipate any examinations of returns filed subsequent to December 31, 2012. The Company uses the asset and liability method of accounting for income taxes. At December 31, 2015 and 2014, 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. Recognition of potential liabilities are required as a result of management’s acceptance of potentially uncertain positions for income tax treatment on a “more-likely-than-not” probability of an assessment upon examination by a respective taxing authority. The Company has no liability for uncertain tax positions. 4. Income (Loss) per share Basic earnings (loss) per 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 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 December 31, 2015 and 2014, respectively, the Company does not have any outstanding items which could be deemed to be dilutive. 5. New and Pending 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. 6. Subsequent Events Management has evaluated all activity of the Company through the issuance date of these financial statements for disclosure consideration.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2015
Fair Value Measures And Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note E - Fair Value of Financial Instruments The carrying amount of cash, accounts receivable, accounts payable and notes payable, as applicable, approximates fair value due to the short term nature of these items and/or the current interest rates payable in relation to current market conditions. Interest rate risk is the risk that the Company’s earnings are subject to fluctuations in interest rates on either investments or on debt and is fully dependent upon the volatility of these rates. The Company does not use derivative instruments to moderate its exposure to interest rate risk, if any. Financial risk is the risk that the Company’s earnings are subject to fluctuations in interest rates or foreign exchange rates and are fully dependent upon the volatility of these rates. The Company does not use derivative instruments to moderate its exposure to financial risk, if any.

Notes Payable to Stockholders

Notes Payable to Stockholders	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Note F - Notes Payable to Stockholders During 2014, two separate stockholders loaned an additional aggregate $ 10,900 6.0 During 2015, two separate stockholders loaned an additional aggregate $ 11,000 6.0 The Company has accrued interest payable to these stockholders aggregating approximately $ 1,269 308 December 31, December 31, 2015 2014 Notes payable $ 42,920 $ 31,920 Accrued interest payable 1,269 308 Total due stockholders $ 44,189 $ 32,228 The Company has recognized an aggregate of approximately $ 1,297 1,222 6.0

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note G - Income Taxes Year ended Year ended December 31, December 31, 2015 2014 Federal: Current $ - $ - Deferred - - - - State: Current - - Deferred - - - - Total $ - $ - As of December 31, 2015, the Company had an aggregate net operating loss carryforward(s) to offset future taxable income of approximately $ 110,000 Year ended Year ended December 31, December 31, 2015 2014 Statutory rate applied to loss before income taxes $ (7,800) $ (7,000) Increase (decrease) in income taxes resulting from: State income taxes - - Other, including use of net operating loss carryforward and reserve for deferred tax asset 7,800 7,000 Income tax expense $ - $ - The Company’s only temporary difference due to statutory requirements in the recognition of assets and liabilities for tax and financial reporting purposes, as of December 31, 2015 and 2014, respectively, relate solely to the Company’s net operating loss carryforward(s). December 31, December 31, 2015 2014 Deferred tax assets Net operating loss carryforwards $ 37,800 $ 30,000 Less valuation allowance (37,800) (30,000) Net Deferred Tax Asset $ - $ - During the each of the periods ended December 31, 2015 and 2014, respectively, the valuation allowance for the deferred tax asset increased (decreased) by approximately $ 7,800 7,000

Contingency

Contingency	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note H - Contingency During 2015, the Company accepted an aggregate $ 7,500

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Cash and Cash Equivalents, Policy [Policy Text Block]	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.
Costs Incurred, Policy [Policy Text Block]	2. Organization costs The Company has adopted the provisions of provisions required by the Start-Up Activities topic of the FASB Accounting Standards Codification whereby all costs incurred with the incorporation and reorganization, post-bankruptcy, of the Company were charged to operations as incurred.
Income Tax, Policy [Policy Text Block]	3. Income taxes The Company files income tax returns in the United States of America and various states, as appropriate and applicable. 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, 2013. However, the Company does not anticipate any examinations of returns filed subsequent to December 31, 2012. The Company uses the asset and liability method of accounting for income taxes. At December 31, 2015 and 2014, 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. Recognition of potential liabilities are required as a result of management’s acceptance of potentially uncertain positions for income tax treatment on a “more-likely-than-not” probability of an assessment upon examination by a respective taxing authority. The Company has no liability for uncertain tax positions.
Earnings Per Share, Policy [Policy Text Block]	4. Income (Loss) per share Basic earnings (loss) per 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 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 December 31, 2015 and 2014, respectively, the Company does not have any outstanding items which could be deemed to be dilutive.
New Accounting Pronouncements, Policy [Policy Text Block]	5. New and Pending 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, Policy [Policy Text Block]	6. Subsequent Events Management has evaluated all activity of the Company through the issuance date of these financial statements for disclosure consideration.

Notes Payable to Stockholders (

Notes Payable to Stockholders (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Other Current Liabilities [Table Text Block]	As of December 31, 2015 and 2014, respectively, the outstanding aggregate balances payable to stockholders was as follows: December 31, December 31, 2015 2014 Notes payable $ 42,920 $ 31,920 Accrued interest payable 1,269 308 Total due stockholders $ 44,189 $ 32,228

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The components of income tax (benefit) expense for the each of the years ended December 31, 2015 and 2014, respectively, are as follows: Year ended Year ended December 31, December 31, 2015 2014 Federal: Current $ - $ - Deferred - - - - State: Current - - Deferred - - - - Total $ - $ -
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The Company's income tax (benefit) expense for the each of the years ended December 31, 2015 and 2014, respectively, are as follows: Year ended Year ended December 31, December 31, 2015 2014 Statutory rate applied to loss before income taxes $ (7,800) $ (7,000) Increase (decrease) in income taxes resulting from: State income taxes - - Other, including use of net operating loss carryforward and reserve for deferred tax asset 7,800 7,000 Income tax expense $ - $ -
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	This difference gives rise to the financial statement carrying amounts and tax bases of assets and liabilities causing either deferred tax assets or liabilities, as necessary, as of December 31, 2015 and 2014, respectively: December 31, December 31, 2015 2014 Deferred tax assets Net operating loss carryforwards $ 37,800 $ 30,000 Less valuation allowance (37,800) (30,000) Net Deferred Tax Asset $ - $ -

Going Concern Uncertainty (Deta

Going Concern Uncertainty (Details Textual) - shares	Dec. 31, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Common Stock, Shares Authorized	50,000,000	50,000,000

Notes Payable to Stockholders19

Notes Payable to Stockholders (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Notes payable	$ 42,920	$ 31,920
Accrued interest payable	1,269	308
Total due stockholders	$ 44,189	$ 32,228

Notes Payable to Stockholders20

Notes Payable to Stockholders (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Proceeds from Notes Payable	$ 11,000	$ 10,900
Interest Payable, Current	1,269	308
Interest Expense, Debt	$ 1,297	1,222
Imputed Interest Rate Per Annum	6.00%
Two Stockholders Loan [Member]
Debt Instrument [Line Items]
Proceeds from Notes Payable	$ 11,000	$ 10,900
Debt Instrument, Interest Rate, Stated Percentage	6.00%	6.00%

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Federal:
Current	$ 0	$ 0
Deferred	0	0
Federal Total	0	0
State:
Current	0	0
Deferred	0	0
State Total	0	0
Total	$ 0	$ 0

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Taxes [Line Items]
Statutory rate applied to loss before income taxes	$ (7,800)	$ (7,000)
Increase (decrease) in income taxes resulting from:
State income taxes	0	0
Other, including use of net operating loss carryforward and reserve for deferred tax asset	7,800	7,000
Income tax expense	$ 0	$ 0

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets
Net operating loss carryforwards	$ 37,800	$ 30,000
Less valuation allowance	(37,800)	(30,000)
Net Deferred Tax Asset	$ 0	$ 0

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Taxes [Line Items]
Operating Loss Carryforwards	$ 110,000
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 7,800	$ 7,000

Contingency (Details Textual)

Contingency (Details Textual)	Dec. 31, 2015USD ($)
Company accepted a "stand still" payment from an unrelated third party	$ 7,500