Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Mar. 31, 2017 | Jun. 30, 2016 | |
Document and Entity Information [Abstract] | |||
Entity Registrant Name | ASAP Expo, Inc. | ||
Document Type | 10-K | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Common Stock, Shares Outstanding | 14,445,363 | ||
Entity Public Float | $ 38,364 | ||
Amendment Flag | false | ||
Entity Central Index Key | 1,419,275 | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Well-known Seasoned Issuer | No | ||
Document Period End Date | Dec. 31, 2016 | ||
Document Fiscal Year Focus | 2,016 | ||
Document Fiscal Period Focus | FY |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Current Assets | ||
Cash | $ 32,761 | $ 46,672 |
Due from affiliated companies | 29,608 | 117,303 |
Total Current Assets | 62,369 | 163,975 |
Furniture and equipment, net | 60,675 | 49,925 |
Total Assets | 123,044 | 213,900 |
Current Liabilities | ||
Accounts payable and accrued expenses | 69,957 | 471,811 |
Auto loan, current | 4,905 | 4,905 |
Settlement payable, current | 0 | 20,000 |
Income tax payable | 36,334 | 54,455 |
Total Current Liabilities | 111,196 | 551,171 |
Long-Term Liabilities | ||
Auto loan, noncurrent | 2,453 | 7,358 |
Equipment loan, noncurrent | 12,299 | 0 |
Note payable, officers | 610,952 | 327,085 |
Total Long-Term Liabilities | 625,704 | 334,443 |
Total Liabilities | 736,900 | 885,614 |
Stockholders’ Deficit | ||
Common stock, $.001 par value, 45,000,000 shares authorized, 14,445,363 and 14,445,363 shares issued and outstanding at December 31, 2016 and 2015 | 14,445 | 14,445 |
Additional paid in capital | (902,272) | (902,272) |
Retained earnings (Accumulated deficit) | 273,971 | 216,113 |
Total Stockholders’ Deficit | (613,856) | (671,714) |
Total Liabilities and Stockholders’ Deficit | $ 123,044 | $ 213,900 |
BALANCE SHEETS (Parentheticals)
BALANCE SHEETS (Parentheticals) - $ / shares | Dec. 31, 2016 | Dec. 31, 2015 |
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 45,000,000 | 45,000,000 |
Common stock, shares issued | 14,445,363 | 14,445,363 |
Common stock, shares outstanding | 14,445,363 | 14,445,363 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Revenues: | ||
Consulting fees | $ 1,715,522 | $ 2,119,332 |
Total revenues | 1,715,522 | 2,119,332 |
Cost of Sales | ||
Consulting expense | 817,297 | 1,157,757 |
Total cost of sales | 817,297 | 1,157,757 |
Gross Profit | 898,225 | 961,575 |
General and administrative | 784,778 | 608,102 |
Income from operations | 113,447 | 353,473 |
Other Income (Expense) | ||
Other income | 15,000 | 0 |
Interest expense | (22,128) | (21,243) |
Loss on Settlement | (11,438) | 0 |
Total other income (expense), net | (18,566) | (21,243) |
Income before income taxes | 94,881 | 332,230 |
Income taxes provision | 37,023 | 71,750 |
Net (loss) Income | $ 57,858 | $ 260,480 |
Net income (loss) per common share | ||
Basic and diluted (in Dollars per share) | $ 0 | $ 0.02 |
Weighted average common shares outstanding | ||
Basic and diluted (in Shares) | 14,445,363 | 14,445,363 |
STATEMENTS OF CHANGES IN STOCKH
STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance at Dec. 31, 2014 | $ 14,445 | $ (902,272) | $ (44,367) | $ (932,194) |
Balance (in Shares) at Dec. 31, 2014 | 1,445,363 | |||
Net income | 260,480 | 260,480 | ||
Balance at Dec. 31, 2015 | $ 14,445 | (902,272) | 216,113 | $ (671,714) |
Balance (in Shares) at Dec. 31, 2015 | 1,445,363 | 14,445,363 | ||
Net income | 57,858 | $ 57,858 | ||
Balance at Dec. 31, 2016 | $ 14,445 | $ (902,272) | $ 273,971 | $ (613,856) |
Balance (in Shares) at Dec. 31, 2016 | 1,445,363 | 14,445,363 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Operating Activities: | ||
Net Income (loss) | $ 57,858 | $ 260,480 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation expense | 10,474 | 8,038 |
Changes in operating assets and liabilities: | ||
Accounts payable and accrued expenses | (107,986) | 53,992 |
Income tax payable | (18,121) | (60,903) |
Net cash provided by (used in) operating activities | (57,775) | 261,607 |
Investing Activities: | ||
Acquisitions of property and equipment | (3,655) | (27,542) |
(Advance to) Repayment from affiliated companies | 87,695 | (97,444) |
Net cash provided by (used in) investing activities | 84,040 | (124,986) |
Financing Activities: | ||
Payments on auto loan | (4,905) | (4,497) |
Payments on equipment loan | (5,271) | 0 |
Advance from (Repayment to) affiliated company | 0 | (64,156) |
Proceeds from borrowings on note payable from officers | 195,000 | 260,477 |
Repayments of borrowings on note payable from officers | (225,000) | (323,193) |
Net cash used in financing activities | (40,176) | (131,369) |
Net increase (decrease) in cash | (13,911) | 5,252 |
Cash, beginning of period | 46,672 | 41,420 |
Cash, end of period | 32,761 | 46,672 |
Cash paid during the period | ||
Interest | 513 | 1,010 |
Conversion of debt to common stock | 55,144 | 132,632 |
Non-cash investing and financing activities: | ||
Equipment purchased through loan | 17,570 | 0 |
Accrued interest transferred to note payable, officers | $ (312,750) | $ 0 |
NOTE 1 - SUMMARY OF SIGNIFICANT
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ORGANIZATION ASAP Expo, Inc. (“ASAP Expo” or the “Company”) d.b.a. ASAP International Holdings, was incorporated on April 10, 2007 under the laws of the State of Nevada. ASAP Expo is a company that operates commercial real estate consulting for Chinese Institutions and high net worth individuals. Our mission is to be the bridge between China and the Western world. ASAP Commercial Real Estate division advisory provides Chinese institutions and high net worth individuals with all real estate related services focusing on hospitality including acquisition advisory, financing, asset management, and strategic repositioning. On the hospitality acquisition side, we represent buyers at all stages of the process, from advice on selection of brands, location, opportunity sourcing and due diligence to securing debt financing. Our clients have the advantage of our local market knowledge and contacts in capital markets around the globe, as well as our deep experience in real estate strategy and management. Prior to July 2011, the investment banking services division was the core business of ASAP Expo. ASAP Expo helped small and medium sized businesses raise funds and promote business through capital markets. In July 2011, ASAP Expo transitioned its core business to providing real estate advisory services from investment banking advisory services for Chinese companies. BASIS OF PRESENTATION The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand, cash on deposit with banks, and highly liquid debt investments with a maturity of three months or less when purchased. The Company has no cash equivalents as of December 31, 2016 and 2015, respectively. GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. At December 31, 2016, the Company had a stockholders’ deficit of $613,856 and a negative working capital of $48,827, which mainly resulted from the accumulated deficit of its former parent company that was transferred to the Company upon its spin-off from the parent company, and a lack of profitable operating history. The Company hopes to increase revenues from its real estate business and financial advisory services business. In the absence of significant increases in revenues, the Company intends to fund operations through additional debt and equity financing arrangements. The successful outcome of future activities cannot be determined at this time and there are no assurances that if achieved, the Company will have sufficient funds to execute its intended business plan or generate positive operating results. The Company’s success is dependent upon numerous items, certain of which are the successful growth of revenues from its services and its ability to obtain new customers in order to achieve levels of revenues adequate to support the Company’s current and future cost structure, for which there is no assurance. Unanticipated problems, expenses, and delays are frequently encountered in establishing and maintaining profitable operations. These include, but are not limited to, competition, the need to develop customer support capabilities and market expertise, technical difficulties, market acceptance and sales and marketing. The failure of the Company to meet any of these conditions could have a materially adverse effect on the Company and may force the Company to reduce or curtail operations. No assurance can be given that the Company can achieve or maintain profitable operations. The Company believes it will have adequate cash to sustain operations until it achieves sustained profitability. However, until the Company has a history of maintaining revenue levels sufficient to support its operations and repay its working capital deficit, the Company may require additional financing. Sources of financing could include capital infusions, additional equity financing or debt offerings. There can be no assurance that funding will be available on acceptable terms, if at all, or that such fund, if raised, would enable the Company to achieve or sustain profitable operations. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the classification of liabilities that might result from the outcome of these uncertainties. FAIR VALUE OF FINANCIAL INSTRUMENTS The Company’s financial instruments consist of cash, prepaid expenses and other receivables, accounts payable, accrued liabilities and due to/from affiliated company. The fair value of these financial instruments approximate their carrying amounts reported in the balance sheets due to the short term maturity of these instruments. Fair Value Measurements ASC Topic 820, Fair Value Measurements and Disclosures, defines fair value, establishes a framework for measuring fair value, establishes a three-level valuation hierarchy for disclosure of fair value measurement and enhances disclosure requirements for fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: Level 1 - Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 - Inputs to the valuation methodology are unobservable and significant to the fair value measurement. The Company’s financial instruments consisted of cash, accounts payable and accrued liabilities, advances to due to or from affiliated companies, notes payable to officers. The estimated fair value of cash, accounts payable and accrued liabilities, due to or from affiliated companies, and notes payable approximates its carrying amount due to the short maturity of these instruments. USE OF ESTIMATES The preparation of financial statements in conformity with the GAAP 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. REVENUE RECOGNITION Accounting Standards Codification (“ASC”) 605, Revenue Recognition Revenues are mainly consulting fees. The consulting fees are recognized when work is complete. Consulting fees from real estate advisory services that are subject to refund are recorded as deferred revenue until the project is completed and the fees are no longer refundable. INCOME TAXES Income taxes are accounted for under the asset and liability method. Deferred income taxes are recognized for temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, net of operating loss carry forwards and credits, by applying enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is not more likely than not that some portion or all of the deferred tax assets will be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. EARNINGS PER SHARE A basic earnings per share is computed by dividing net income to common stockholders by the weighted average number of shares outstanding for the year. Dilutive earnings per share include the effect of any potentially dilutive debt or equity under the treasury stock method, if including such instruments is dilutive. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In April 2015, the FASB issued ASU No. 2015-03, “Simplifying the Presentation of Debt Issuance Costs”. The accounting guidance requires that debt issuance costs related to a recognized debt liability be reported on the Consolidated Statements of Financial Condition as a direct deduction from the carrying amount of that debt liability. The guidance is effective for the Company retrospectively beginning in the first quarter of fiscal 2017 and early adoption is permitted. The adoption of this accounting guidance is not expected to have any material impact on the Company’s Statements of Financial Condition. In November 2015, the FASB issued Accounting Standards Updates ASU No. 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes” (“ASU 2015-17”). The FASB issued ASU 2015-17 as part of its ongoing Simplification Initiative, with the objective of reducing complexity in accounting standards. The amendments in ASU 2015-17 require entities that present a classified balance sheet to classify all deferred tax liabilities and assets as a noncurrent amount. This guidance does not change the offsetting requirements for deferred tax liabilities and assets, which results in the presentation of one amount on the balance sheet. Additionally, the amendments in this ASU align the deferred income tax presentation with the requirements in International Accounting Standards (IAS) 1, Presentation of Financial Statements. The amendments in ASU 2015-17 are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company is currently reviewing the provisions of this ASU 2015-17 to determine if there will be any impact on the Company’s financial statements. In February 2016, the FASB issued Accounting Standards Updates ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases. ASU 2016-02 will also require new qualitative and quantitative disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently reviewing the provisions of this ASU 2016-02 to determine if there will be any impact on the Company’s financial statements. In March 2016, the FASB issued Accounting Standards Update ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. The objective of the simplification initiative is to identify, evaluate, and improve areas of US GAAP for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The areas for simplification involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Amendments related to the timing of when excess tax benefits are recognized, minimum statutory withholding requirements, forfeitures, and intrinsic value should be applied using a modified retrospective transition method by means of a cumulative-effect adjustment to equity as of the beginning of the period in which the guidance is adopted. ASU 2016-09 will be effective for public companies for reporting periods beginning after December 15, 2016. The Company is assessing the impact to its accounting practices and financial reporting procedures as a result of the issuance of this standard. In August 2016, the FASB issued Accounting Standards Update ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments”. The updated guidance aims to reduce diversity in presentation and classification of certain cash receipts and cash payments by addressing eight specific cash flow issues including (1) Debt Prepayment or Debt Extinguishment Costs; (2) Settlement of Zero-Coupon Debt Instruments or Other Debt Instruments with Coupon Interest Rates That Are Insignificant in Relation to the Effective Interest Rate of the Borrowing; (3) Contingent Consideration Payments Made after a Business Combination; (4) Proceeds from the Settlement of Insurance Claims; (5) Proceeds from the Settlement of Corporate-Owned Life Insurance Policies, including Bank-Owned Life Insurance Policies; (6) Distributions Received from Equity Method Investees; (7) Beneficial Interests in Securitization Transactions and (8) Separately Identifiable Cash Flows and Application of the Predominance Principle. Among the afore-mentioned eight addressed cash flow issues, the category of “Separately Identifiable Cash Flows and Application of the Predominance Principle” requires a reporting entity to classify cash receipts and payments that have aspects of more than one class of cash flows first by applying specific guidance in generally accepted accounting principles (GAAP) and, only in the absence of specific guidance, by determining each separately identifiable source or use within the cash receipts and cash payments on the basis of the nature of the underlying cash flows. In situations in which cash receipts and payments have aspects of more than one class of cash flows and cannot be separated by source or use, a reporting entity should classify such cash receipts and cash payments by referring to the predominant source or use of cash flows for the item. The updated guidance is effective from reporting periods beginning after December 15, 2018. The Company is assessing the impact to its accounting practices and financial reporting procedures as a result of the issuance of this standard. As of December 31, 2016, there are no recently issued accounting standards not yet adopted that would have a material effect on the Company’s financial statements. |
NOTE 2 - PROPERTY AND EQUIPMENT
NOTE 2 - PROPERTY AND EQUIPMENT | 12 Months Ended |
Dec. 31, 2016 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 2 - PROPERTY AND EQUIPMENT Equipment consists of the following: December 31, December 31, 2016 2015 Furniture & Fixtures $ 35,159 $ 17,589 Computer and office Equipment 6,740 3,086 Automobile 24,527 24,527 Leasehold Improvements 21,710 21,710 88,136 66,912 Less: Accumulated depreciation (27,461 ) (16,987 ) $ 60,675 $ 49,925 For the year ended December 31, 2016 and 2015, depreciation expenses were $10,474 and $8,038, respectively. |
NOTE 3 - RELATED PARTY TRANSACT
NOTE 3 - RELATED PARTY TRANSACTIONS | 12 Months Ended |
Dec. 31, 2016 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | NOTE 3 - RELATED PARTY TRANSACTIONS At December 31, 2016 and 2015, ASAP Expo was owed $29,608 and $117,303 from affiliated companies in which ASAP Expo’s officers are also owners and officers. The advance has no written note, is non-interest bearing and payable on demand to the Company and expected to be paid within one year. For the year ended December 31, 2016 and 2015, consulting fees from affiliates were $1,267,072 and $1,443,032, respectively. The Company has a revolving line of credit totaling $1,800,000 with Frank Yuan and certain members of his family. The line of credit bears interest at 6% per annum starting October 1, 2010, 10% prior to October 1, 2010 and is due upon demand, as amended. On December 31, 2014, the convertible note was amended to waive the right of conversion and will be used as a line of credit. During fiscal 2016 and 2015, the Company incurred interest expense totaling $21,441 and $20,233 in connection with the Line. The balance of the note payable as of December 31, 2016 was $610,952 including accrued interest of $312,750 which was transferred to the principal at December 31, 2016. The balance of the note payable as of December 31, 2015 was $327,085 and the accrued interest on the note was $291,309. Currently, the Company is leasing office space from its officer under a month by month basis. The lease provides for monthly lease payments of $3,500. The son of the Company’s officer (“Son”) periodically receives salary from the Company for works performed. During year 2016, The Son received a total salary of $180,000. A brother of the Company’s officer (“Brother”) is receiving consulting fees from the Company for works performed. During year 2016, the Brother earned a total consulting fee of $72,000. |
NOTE 4 - SETTLEMENT PAYABLE
NOTE 4 - SETTLEMENT PAYABLE | 12 Months Ended |
Dec. 31, 2016 | |
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract] | |
Other Liabilities Disclosure [Text Block] | NOTE 4 – SETTLEMENT PAYABLE Based upon the settlement agreement for a lawsuit settled and dismissed in June 2011, the Company has a $120,000 outstanding settlement balance to be paid $100,000 in October 2015 and $20,000 in October 2016. The Company paid $100,000 on October 7, 2015 and $20,000 on October 21, 2016. The Company was involved in the lawsuit by one of its former affiliates, ASAP Hotel. |
NOTE 5 - AUTO LOAN
NOTE 5 - AUTO LOAN | 12 Months Ended |
Dec. 31, 2016 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | NOTE 5 - AUTO LOAN In June 2013, the Company entered into a zero down and 0% interest financing arrangement to acquire a vehicle. Future minimum payments and the obligations due under the auto loan are as follows: For the Year Ended December 31: 2017 $ 4,905 2018 2,453 7,358 Less Current Portion (4,905 ) Long Term Portion $ 2,453 |
NOTE 6 - EQUIPMENT LOAN
NOTE 6 - EQUIPMENT LOAN | 12 Months Ended |
Dec. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Long-term Debt [Text Block] | NOTE 6 - EQUIPMENT LOAN In September 2015, the Company installed a solar system on its leased office for $17,570 with a 30-year loan at 5.49% interest. Each payment date, the Company will pay at least the “Total Amount Due” that is displayed on the monthly bill. The Total Amount Due will be the sum of all past due amounts plus the “Current Monthly Payment” that will be displayed on the monthly bill. Current Monthly Payments will be calculated as follows: the amount of kWh produced for the preceding month by the system; multiplied by the applicable agreed Equivalent Rate per kWh. The “Equivalent Rate per kWh” is based upon 5 factors: 1) the loan balance (which includes any accrued interest); 2) the Loan Term; 3) the applicable APR; 4) the expected production of the system; and 5) 2.50 % kWh annual rate escalator. The expected production of the system is an estimate, the actual payments could be higher or lower depending on the actual production from the system. If there is a remaining balance at the end of the loan term, the outstanding balance can be refinanced for an additional 12 months or for a term that is required by law. Estimated future Current Monthly Payments are as follows: For the Year Ended December 31: 2017 $ 690 2018 704 2019 717 2020 732 2021 746 Thereafter $ 23,119 |
NOTE 7 - INCOME TAXES
NOTE 7 - INCOME TAXES | 12 Months Ended |
Dec. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | NOTE 7 - INCOME TAXES The income taxes provision for the year ended December 31, 2016 consists of current income taxes of $29,524 and over-accrued federal taxes from 2015 of $2,194. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets at December 31, 2016 and 2015 are presented below: Year Ended December 31, 2016 2015 Net operating loss $ - $ - Settlement loss deductible in future years - 8,568 (State expense)/Benefit - (601 ) Total deferred tax assets - 7,967 (Valuation allowance)/Reversal of valuation allowance - (7,967 ) Net deferred tax assets $ - $ - At December 31, 2016 and 2015, deferred tax assets were immaterial. The reconciliation of federal statutory income tax rate to the Company’s effective income tax rate is as follows: Year Ended December 31, 2016 2015 Income tax at U.S. statutory rate (34%) $ 31,856 $ 112,958 State tax 5,466 29,369 Prior period under-accrual (over-accrual) (2,194 ) (14,305 ) Nondeductible expenses 9,185 8,668 Change in valuation allowance (7,290 ) (64,940 ) $ 37,023 $ 71,750 Uncertain Tax Positions Interest associated with unrecognized tax benefits is classified as income tax and penalties are included in selling, general and administrative expenses in the statements of operations and comprehensive income. For the year ended December 31, 2016 and 2015, the Company had no unrecognized tax benefits and related interest and penalties expenses. Currently, the Company is not under examination by major tax jurisdictions. |
NOTE 8 - SHAREHOLDERS' DEFICIT
NOTE 8 - SHAREHOLDERS' DEFICIT | 12 Months Ended |
Dec. 31, 2016 | |
Stockholders' Equity Note [Abstract] | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 8 - SHAREHOLDERS’ DEFICIT Common Stock At December 31, 2016, the Company had 45,000,000 shares of common stock authorized and 14,445,363 shares issued and outstanding at par value $0.001 per share. No shares were issued during the year ended December 31, 2016 and 2015. |
NOTE 9 - COMMITMENT
NOTE 9 - COMMITMENT | 12 Months Ended |
Dec. 31, 2016 | |
Disclosure Text Block Supplement [Abstract] | |
Commitments Disclosure [Text Block] | NOTE 9 - COMMITMENT Starting January 1, 2014, the Company leased office space from its officer under a month by month basis. The lease provides for monthly lease payments of $3,500. |
NOTE 10 - CONCENTRATION
NOTE 10 - CONCENTRATION | 12 Months Ended |
Dec. 31, 2016 | |
Risks and Uncertainties [Abstract] | |
Concentration Risk Disclosure [Text Block] | NOTE 10 – CONCENTRATION For the year ended December 31, 2016, four customers accounted for 88.4% (29.7%,, 26.1% 22.2%, and 10.4%) of the Company’s consulting fee income, three of which is an affiliate of the Company. For the year ended December 31, 2015, three customers accounted for 82.5% (23.6%,, 17.3% and 41.6%) of the Company’s consulting fee income, one of which is an affiliate of the Company. The loss of any of these customers could have a material adverse effect on the Company’s financial position and results of operations |
NOTE 11 - SUBSEQUENT EVENT
NOTE 11 - SUBSEQUENT EVENT | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | NOTE 11 – SUBSEQUENT EVENT The Company has evaluated subsequent events for potential recognition and disclosure through the date the financial statements were issued. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | BASIS OF PRESENTATION The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand, cash on deposit with banks, and highly liquid debt investments with a maturity of three months or less when purchased. The Company has no cash equivalents as of December 31, 2016 and 2015, respectively. |
Going Concern [Policy Text Block] | GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. At December 31, 2016, the Company had a stockholders’ deficit of $613,856 and a negative working capital of $48,827, which mainly resulted from the accumulated deficit of its former parent company that was transferred to the Company upon its spin-off from the parent company, and a lack of profitable operating history. The Company hopes to increase revenues from its real estate business and financial advisory services business. In the absence of significant increases in revenues, the Company intends to fund operations through additional debt and equity financing arrangements. The successful outcome of future activities cannot be determined at this time and there are no assurances that if achieved, the Company will have sufficient funds to execute its intended business plan or generate positive operating results. The Company’s success is dependent upon numerous items, certain of which are the successful growth of revenues from its services and its ability to obtain new customers in order to achieve levels of revenues adequate to support the Company’s current and future cost structure, for which there is no assurance. Unanticipated problems, expenses, and delays are frequently encountered in establishing and maintaining profitable operations. These include, but are not limited to, competition, the need to develop customer support capabilities and market expertise, technical difficulties, market acceptance and sales and marketing. The failure of the Company to meet any of these conditions could have a materially adverse effect on the Company and may force the Company to reduce or curtail operations. No assurance can be given that the Company can achieve or maintain profitable operations. The Company believes it will have adequate cash to sustain operations until it achieves sustained profitability. However, until the Company has a history of maintaining revenue levels sufficient to support its operations and repay its working capital deficit, the Company may require additional financing. Sources of financing could include capital infusions, additional equity financing or debt offerings. There can be no assurance that funding will be available on acceptable terms, if at all, or that such fund, if raised, would enable the Company to achieve or sustain profitable operations. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the classification of liabilities that might result from the outcome of these uncertainties. |
Fair Value of Financial Instruments, Policy [Policy Text Block] | FAIR VALUE OF FINANCIAL INSTRUMENTS The Company’s financial instruments consist of cash, prepaid expenses and other receivables, accounts payable, accrued liabilities and due to/from affiliated company. The fair value of these financial instruments approximate their carrying amounts reported in the balance sheets due to the short term maturity of these instruments. |
Fair Value Measurement, Policy [Policy Text Block] | Fair Value Measurements ASC Topic 820, Fair Value Measurements and Disclosures, defines fair value, establishes a framework for measuring fair value, establishes a three-level valuation hierarchy for disclosure of fair value measurement and enhances disclosure requirements for fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: Level 1 - Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 - Inputs to the valuation methodology are unobservable and significant to the fair value measurement. The Company’s financial instruments consisted of cash, accounts payable and accrued liabilities, advances to due to or from affiliated companies, notes payable to officers. The estimated fair value of cash, accounts payable and accrued liabilities, due to or from affiliated companies, and notes payable approximates its carrying amount due to the short maturity of these instruments. |
Use of Estimates, Policy [Policy Text Block] | USE OF ESTIMATES The preparation of financial statements in conformity with the GAAP 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. |
Revenue Recognition, Policy [Policy Text Block] | REVENUE RECOGNITION Accounting Standards Codification (“ASC”) 605, Revenue Recognition Revenues are mainly consulting fees. The consulting fees are recognized when work is complete. Consulting fees from real estate advisory services that are subject to refund are recorded as deferred revenue until the project is completed and the fees are no longer refundable. |
Income Tax, Policy [Policy Text Block] | INCOME TAXES Income taxes are accounted for under the asset and liability method. Deferred income taxes are recognized for temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, net of operating loss carry forwards and credits, by applying enacted statutory tax rates applicable to future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is not more likely than not that some portion or all of the deferred tax assets will be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. |
Earnings Per Share, Policy [Policy Text Block] | EARNINGS PER SHARE A basic earnings per share is computed by dividing net income to common stockholders by the weighted average number of shares outstanding for the year. Dilutive earnings per share include the effect of any potentially dilutive debt or equity under the treasury stock method, if including such instruments is dilutive. |
New Accounting Pronouncements, Policy [Policy Text Block] | RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In April 2015, the FASB issued ASU No. 2015-03, “Simplifying the Presentation of Debt Issuance Costs”. The accounting guidance requires that debt issuance costs related to a recognized debt liability be reported on the Consolidated Statements of Financial Condition as a direct deduction from the carrying amount of that debt liability. The guidance is effective for the Company retrospectively beginning in the first quarter of fiscal 2017 and early adoption is permitted. The adoption of this accounting guidance is not expected to have any material impact on the Company’s Statements of Financial Condition. In November 2015, the FASB issued Accounting Standards Updates ASU No. 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes” (“ASU 2015-17”). The FASB issued ASU 2015-17 as part of its ongoing Simplification Initiative, with the objective of reducing complexity in accounting standards. The amendments in ASU 2015-17 require entities that present a classified balance sheet to classify all deferred tax liabilities and assets as a noncurrent amount. This guidance does not change the offsetting requirements for deferred tax liabilities and assets, which results in the presentation of one amount on the balance sheet. Additionally, the amendments in this ASU align the deferred income tax presentation with the requirements in International Accounting Standards (IAS) 1, Presentation of Financial Statements. The amendments in ASU 2015-17 are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company is currently reviewing the provisions of this ASU 2015-17 to determine if there will be any impact on the Company’s financial statements. In February 2016, the FASB issued Accounting Standards Updates ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”). ASU 2016-02 requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases. ASU 2016-02 will also require new qualitative and quantitative disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently reviewing the provisions of this ASU 2016-02 to determine if there will be any impact on the Company’s financial statements. In March 2016, the FASB issued Accounting Standards Update ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. The objective of the simplification initiative is to identify, evaluate, and improve areas of US GAAP for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The areas for simplification involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Amendments related to the timing of when excess tax benefits are recognized, minimum statutory withholding requirements, forfeitures, and intrinsic value should be applied using a modified retrospective transition method by means of a cumulative-effect adjustment to equity as of the beginning of the period in which the guidance is adopted. ASU 2016-09 will be effective for public companies for reporting periods beginning after December 15, 2016. The Company is assessing the impact to its accounting practices and financial reporting procedures as a result of the issuance of this standard. In August 2016, the FASB issued Accounting Standards Update ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments”. The updated guidance aims to reduce diversity in presentation and classification of certain cash receipts and cash payments by addressing eight specific cash flow issues including (1) Debt Prepayment or Debt Extinguishment Costs; (2) Settlement of Zero-Coupon Debt Instruments or Other Debt Instruments with Coupon Interest Rates That Are Insignificant in Relation to the Effective Interest Rate of the Borrowing; (3) Contingent Consideration Payments Made after a Business Combination; (4) Proceeds from the Settlement of Insurance Claims; (5) Proceeds from the Settlement of Corporate-Owned Life Insurance Policies, including Bank-Owned Life Insurance Policies; (6) Distributions Received from Equity Method Investees; (7) Beneficial Interests in Securitization Transactions and (8) Separately Identifiable Cash Flows and Application of the Predominance Principle. Among the afore-mentioned eight addressed cash flow issues, the category of “Separately Identifiable Cash Flows and Application of the Predominance Principle” requires a reporting entity to classify cash receipts and payments that have aspects of more than one class of cash flows first by applying specific guidance in generally accepted accounting principles (GAAP) and, only in the absence of specific guidance, by determining each separately identifiable source or use within the cash receipts and cash payments on the basis of the nature of the underlying cash flows. In situations in which cash receipts and payments have aspects of more than one class of cash flows and cannot be separated by source or use, a reporting entity should classify such cash receipts and cash payments by referring to the predominant source or use of cash flows for the item. The updated guidance is effective from reporting periods beginning after December 15, 2018. The Company is assessing the impact to its accounting practices and financial reporting procedures as a result of the issuance of this standard. As of December 31, 2016, there are no recently issued accounting standards not yet adopted that would have a material effect on the Company’s financial statements. |
NOTE 2 - PROPERTY AND EQUIPME19
NOTE 2 - PROPERTY AND EQUIPMENT (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment [Table Text Block] | Equipment consists of the following: December 31, December 31, 2016 2015 Furniture & Fixtures $ 35,159 $ 17,589 Computer and office Equipment 6,740 3,086 Automobile 24,527 24,527 Leasehold Improvements 21,710 21,710 88,136 66,912 Less: Accumulated depreciation (27,461 ) (16,987 ) $ 60,675 $ 49,925 |
NOTE 5 - AUTO LOAN (Tables)
NOTE 5 - AUTO LOAN (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Debt Disclosure [Abstract] | |
Schedule of Maturities of Long-term Debt [Table Text Block] | Future minimum payments and the obligations due under the auto loan are as follows: For the Year Ended December 31: 2017 $ 4,905 2018 2,453 7,358 Less Current Portion (4,905 ) Long Term Portion $ 2,453 |
NOTE 6 - EQUIPMENT LOAN (Tables
NOTE 6 - EQUIPMENT LOAN (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Schedule of Long-term Debt Instruments [Table Text Block] | Estimated future Current Monthly Payments are as follows: For the Year Ended December 31: 2017 $ 690 2018 704 2019 717 2020 732 2021 746 Thereafter $ 23,119 |
NOTE 7 - INCOME TAXES (Tables)
NOTE 7 - INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets at December 31, 2016 and 2015 are presented below: Year Ended December 31, 2016 2015 Net operating loss $ - $ - Settlement loss deductible in future years - 8,568 (State expense)/Benefit - (601 ) Total deferred tax assets - 7,967 (Valuation allowance)/Reversal of valuation allowance - (7,967 ) Net deferred tax assets $ - $ - |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The reconciliation of federal statutory income tax rate to the Company’s effective income tax rate is as follows: Year Ended December 31, 2016 2015 Income tax at U.S. statutory rate (34%) $ 31,856 $ 112,958 State tax 5,466 29,369 Prior period under-accrual (over-accrual) (2,194 ) (14,305 ) Nondeductible expenses 9,185 8,668 Change in valuation allowance (7,290 ) (64,940 ) $ 37,023 $ 71,750 |
NOTE 1 - SUMMARY OF SIGNIFICA23
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Accounting Policies [Abstract] | |||
Cash Equivalents, at Carrying Value | $ 0 | $ 0 | |
Stockholders' Equity Attributable to Parent | (613,856) | $ (671,714) | $ (932,194) |
Working Capital (Deficit) | $ 48,827 |
NOTE 2 - PROPERTY AND EQUIPME24
NOTE 2 - PROPERTY AND EQUIPMENT (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation | $ 10,474 | $ 8,038 |
NOTE 2 - PROPERTY AND EQUIPME25
NOTE 2 - PROPERTY AND EQUIPMENT (Details) - Schedule of Equipment - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, gross | $ 88,136 | $ 66,912 |
Less: Accumulated depreciation | (27,461) | (16,987) |
Property, Plant and Equipment, net | 60,675 | 49,925 |
Furniture and Fixtures [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, gross | 35,159 | 17,589 |
Office Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, gross | 6,740 | 3,086 |
Automobiles [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, gross | 24,527 | 24,527 |
Leasehold Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, gross | $ 21,710 | $ 21,710 |
NOTE 3 - RELATED PARTY TRANSA26
NOTE 3 - RELATED PARTY TRANSACTIONS (Details) - USD ($) | 12 Months Ended | ||||
Dec. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Oct. 01, 2010 | Sep. 30, 2010 | |
NOTE 3 - RELATED PARTY TRANSACTIONS (Details) [Line Items] | |||||
Due from Related Parties, Current | $ 29,608 | $ 117,303 | |||
Debt Instrument, Interest Rate, Stated Percentage | 5.49% | ||||
Debt Instrument, Face Amount | $ 17,570 | ||||
Officers' Compensation | 180,000 | ||||
Consulting Fees [Member] | |||||
NOTE 3 - RELATED PARTY TRANSACTIONS (Details) [Line Items] | |||||
Related Party Transaction, Other Revenues from Transactions with Related Party | 1,267,072 | 1,443,032 | |||
Chief Executive Officer [Member] | |||||
NOTE 3 - RELATED PARTY TRANSACTIONS (Details) [Line Items] | |||||
Line of Credit Facility, Maximum Borrowing Capacity | 1,800,000 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 10.00% | |||
Interest Expense, Related Party | 21,441 | $ 20,233 | |||
Long-term Line of Credit | 610,952 | ||||
Debt Instrument, Face Amount | 312,750 | ||||
Notes Payable, Related Parties, Current | 327,085 | ||||
Interest Payable, Current | 291,309 | ||||
Officer [Member] | |||||
NOTE 3 - RELATED PARTY TRANSACTIONS (Details) [Line Items] | |||||
Operating Leases, Rent Expense, Minimum Rentals | 3,500 | ||||
Immediate Family Member of Management or Principal Owner [Member] | Consulting Fees [Member] | |||||
NOTE 3 - RELATED PARTY TRANSACTIONS (Details) [Line Items] | |||||
Related Party Transaction, Expenses from Transactions with Related Party | $ 72,000 |
NOTE 4 - SETTLEMENT PAYABLE (De
NOTE 4 - SETTLEMENT PAYABLE (Details) - USD ($) | Oct. 21, 2016 | Oct. 07, 2015 | Jun. 30, 2011 |
NOTE 4 - SETTLEMENT PAYABLE (Details) [Line Items] | |||
Settlement Liabilities, Current | $ 120,000 | ||
Payments for Legal Settlements | $ 20,000 | $ 100,000 | |
Settlement Due, October 2015 [Member] | |||
NOTE 4 - SETTLEMENT PAYABLE (Details) [Line Items] | |||
Settlement Liabilities, Current | 100,000 | ||
Settlement Due, October 2016 [Member] | |||
NOTE 4 - SETTLEMENT PAYABLE (Details) [Line Items] | |||
Settlement Liabilities, Current | $ 20,000 |
NOTE 5 - AUTO LOAN (Details)
NOTE 5 - AUTO LOAN (Details) - USD ($) | 1 Months Ended | 12 Months Ended | ||
Jun. 30, 2013 | Dec. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | |
NOTE 5 - AUTO LOAN (Details) [Line Items] | ||||
Payments to Acquire Property, Plant, and Equipment | $ 3,655 | $ 27,542 | ||
Debt Instrument, Interest Rate, Stated Percentage | 5.49% | |||
Vehicles [Member] | Notes Payable, Other Payables [Member] | ||||
NOTE 5 - AUTO LOAN (Details) [Line Items] | ||||
Payments to Acquire Property, Plant, and Equipment | $ 0 | |||
Debt Instrument, Interest Rate, Stated Percentage | 0.00% |
NOTE 5 - AUTO LOAN (Details) -
NOTE 5 - AUTO LOAN (Details) - Schedule of Maturities of Long-term Debt - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Schedule of Maturities of Long-term Debt [Abstract] | ||
2,017 | $ 4,905 | |
2,018 | 2,453 | |
7,358 | ||
Less Current Portion | (4,905) | $ (4,905) |
Long Term Portion | $ 2,453 | $ 7,358 |
NOTE 6 - EQUIPMENT LOAN (Detail
NOTE 6 - EQUIPMENT LOAN (Details) | 1 Months Ended |
Sep. 30, 2015USD ($) | |
Disclosure Text Block [Abstract] | |
Debt Instrument, Face Amount | $ 17,570 |
Debt Instrument, Term | 30 years |
Debt Instrument, Interest Rate, Stated Percentage | 5.49% |
Debt Instrument, Description | If there is a remaining balance at the end of the loan term, the outstanding balance can be refinanced for an additional 12 months or for a term that is required by law. |
NOTE 6 - EQUIPMENT LOAN (Deta31
NOTE 6 - EQUIPMENT LOAN (Details) - Schedule of Long-term Debt Instruments | 12 Months Ended |
Dec. 31, 2016USD ($) | |
2017 [Member] | |
Debt Instrument [Line Items] | |
Current Monthly Payment | $ 690 |
2018 [Member] | |
Debt Instrument [Line Items] | |
Current Monthly Payment | 704 |
2019 [Member] | |
Debt Instrument [Line Items] | |
Current Monthly Payment | 717 |
2020 [Member] | |
Debt Instrument [Line Items] | |
Current Monthly Payment | 732 |
2021 [Member] | |
Debt Instrument [Line Items] | |
Current Monthly Payment | 746 |
Thereafter [Member] | |
Debt Instrument [Line Items] | |
Current Monthly Payment | $ 23,119 |
NOTE 7 - INCOME TAXES (Details)
NOTE 7 - INCOME TAXES (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | ||
Current Federal Tax Expense (Benefit) | $ 29,524 | $ 2,194 |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense | $ 0 | $ 0 |
NOTE 7 - INCOME TAXES (Details
NOTE 7 - INCOME TAXES (Details) - Schedule of Deferred Tax Assets and Liabilities - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Schedule of Deferred Tax Assets and Liabilities [Abstract] | ||
Net operating loss | $ 0 | $ 0 |
Settlement loss deductible in future years | 0 | 8,568 |
(State expense)/Benefit | 0 | (601) |
Total deferred tax assets | 0 | 7,967 |
(Valuation allowance)/Reversal of valuation allowance | 0 | (7,967) |
Net deferred tax assets | $ 0 | $ 0 |
NOTE 7 - INCOME TAXES (Detai34
NOTE 7 - INCOME TAXES (Details) - Schedule of Effective Income Tax Rate Reconciliation - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Schedule of Effective Income Tax Rate Reconciliation [Abstract] | ||
Income tax at U.S. statutory rate (34%) | $ 31,856 | $ 112,958 |
State tax | 5,466 | 29,369 |
Prior period under-accrual (over-accrual) | (2,194) | (14,305) |
Nondeductible expenses | 9,185 | 8,668 |
Change in valuation allowance | (7,290) | (64,940) |
$ 37,023 | $ 71,750 |
NOTE 7 - INCOME TAXES (Detai35
NOTE 7 - INCOME TAXES (Details) - Schedule of Effective Income Tax Rate Reconciliation (Parentheticals) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Schedule of Effective Income Tax Rate Reconciliation [Abstract] | ||
U.S. statutory rate | 34.00% | 34.00% |
NOTE 8 - SHAREHOLDERS' DEFICIT
NOTE 8 - SHAREHOLDERS' DEFICIT (Details) - $ / shares | Dec. 31, 2016 | Dec. 31, 2015 |
Stockholders' Equity Note [Abstract] | ||
Common Stock, Shares Authorized | 45,000,000 | 45,000,000 |
Common Stock, Shares, Outstanding | 14,445,363 | 14,445,363 |
Common Stock, Shares, Issued | 14,445,363 | 14,445,363 |
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $ 0.001 | $ 0.001 |
NOTE 9 - COMMITMENT (Details)
NOTE 9 - COMMITMENT (Details) - Building [Member] | 12 Months Ended |
Dec. 31, 2016USD ($) | |
NOTE 9 - COMMITMENT (Details) [Line Items] | |
Description of Lessee Leasing Arrangements, Operating Leases | leased office space from its officer under a month by month basis |
Operating Leases, Rent Expense, Minimum Rentals | $ 3,500 |
NOTE 10 - CONCENTRATION (Detail
NOTE 10 - CONCENTRATION (Details) - Sales Revenue, Services, Net [Member] - Consulting Fees [Member] - Customer Concentration Risk [Member] | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
NOTE 10 - CONCENTRATION (Details) [Line Items] | ||
Concentration Risk, Percentage | 88.40% | 82.50% |
Customer A [Member] | ||
NOTE 10 - CONCENTRATION (Details) [Line Items] | ||
Concentration Risk, Percentage | 29.70% | 23.60% |
Customer B [Member] | ||
NOTE 10 - CONCENTRATION (Details) [Line Items] | ||
Concentration Risk, Percentage | 26.10% | 17.30% |
Customer C [Member] | ||
NOTE 10 - CONCENTRATION (Details) [Line Items] | ||
Concentration Risk, Percentage | 22.20% | 41.60% |
Customer D [Member] | ||
NOTE 10 - CONCENTRATION (Details) [Line Items] | ||
Concentration Risk, Percentage | 10.40% |