Adama Technologies 10-Q 4 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2015shares
Document and Entity Information:
Entity Registrant Name	Adama Technologies Corp
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Entity Central Index Key	1,422,222
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	328,851,197
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

Statement of Financial Position

Statement of Financial Position - figures for 09/30/2015 - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Assets, Current
Cash and Cash Equivalents, at Carrying Value	$ 0	$ 0
Assets, Current	0	0
Assets, Noncurrent
Assets	0	0
Liabilities, Current
Accounts Payable, Current	37,771	63,312
Accrued Liabilities, Current	132,572	74,341
Notes Payable, Current	536,250	363,750
Loans Payable, Current	3,000	25,500
Derivative Instruments and Hedges, Liabilities	144,788	171,560
Other Liabilities, Current	181,250
Liabilities, Current	1,035,631	698,463
Liabilities, Noncurrent
Liabilities	1,035,631	698,463
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Preferred Stock, Value, Issued	1,000	0
Common Stock, Value, Issued	32,885	32,885
Additional Paid in Capital, Common Stock	17,902,287	17,781,857
Retained Earnings (Accumulated Deficit)	(19,039,043)	(18,462,134)
Receivable from Shareholders or Affiliates for Issuance of Capital Stock	0	51,070
Commons stock issuable	67,240	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (1,035,631)	$ (698,463)
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	1,000,000	0
Preferred Stock, Shares Outstanding	1,000,000	0
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares Issued	328,851,197	328,851,197
Common Stock, Shares Outstanding	328,851,197	328,851,197
Liabilities and Equity	$ 0	$ 0
Description
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	1,000,000	0
Preferred Stock, Shares Outstanding	1,000,000	0
Preferred Stock, Value, Outstanding	$ 1,000
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares Issued	328,851,197	328,851,197
Common Stock, Shares Outstanding	328,851,197	328,851,197
Common Stock, Value, Outstanding	$ 32,885	$ 32,885

Statement of Financial Positio3

Statement of Financial Position - Parenthetical - figures for 09/30/2015 - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Balance Sheets
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	1,000,000	0
Preferred Stock, Shares Outstanding	1,000,000	0
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares Issued	328,851,197	328,851,197
Common Stock, Shares Outstanding	328,851,197	328,851,197

Statement of Income - figures f

Statement of Income - figures for 09/30/2015 - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues
Revenues	$ 0	$ 0	$ 0	$ 0
Cost of Revenue
Cost of Revenue	0	0	0	0
Gross Profit	0	0	0	0
Amortization of Deferred Charges
Amortization of Financing Costs	0	0	0	0
Selling, General and Administrative Expense				1,135
Other General Expense	32,625	85,100	155,250	180,300
Operating Expenses	32,625	85,100	155,250	181,435
Operating Income (Loss)	(32,625)	(85,100)	(155,250)	(181,435)
Investment Income, Nonoperating
Nonoperating Gains (Losses)			(22,030)
Other Nonoperating Income (Expense)			248,490
Nonoperating Income (Expense)	0	0	226,460	0
Interest and Debt Expense
Interest Expense	18,448	12,151	49,470	29,884
Gains (Losses) on Extinguishment of Debt	(30,000)	(133,082)	172,500	173,564
Gains (Losses) on Sale of Derivatives	20,545	(37,308)	(26,772)	(61,474)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(101,618)	(193,025)	(576,908)	(323,409)
Income Tax Expense (Benefit)
Net Income (Loss) Attributable to Parent	$ (101,618)	$ (193,025)	$ (576,908)	$ (323,409)
Earnings Per Share
Earnings Per Share, Basic and Diluted	$ 0	$ 0	$ 0	$ 0
Weighted Average Number of Shares Outstanding, Basic and Diluted	328,851,197	328,851,197	328,851,197	328,851,197

Statement of Cash Flows - figur

Statement of Cash Flows - figures for 09/30/2015 - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Net Cash Provided by (Used in) Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (576,908)	$ (323,409)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities
Gains (Losses) on Sale of Derivatives	(26,772)	(61,474)
Gains (Losses) on Extinguishment of Debt	172,500	173,564
Other Noncash Income (Expense)	(22,030)
Increase (Decrease) in Operating Liabilities
Increase (Decrease) in Accounts Payable	155,250	188,337
Increase (Decrease) in Accrued Liabilities	49,470	22,982
Increase (Decrease) in Other Operating Liabilities	248,490
Net Cash Provided by (Used in) Financing Activities
Proceeds from (Repayments of) Debt	0	0
Net Cash Provided by (Used in) Financing Activities	0	0
Cash and Cash Equivalents, Period Increase (Decrease)	0	0
Cash and Cash Equivalents, at Carrying Value	0	0
Cash and Cash Equivalents, at Carrying Value	$ 0	$ 0

Note 1 Summary of Significant A

Note 1 Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Notes
Note 1 Summary of Significant Accounting Policies	Note 1 m ar o g f ca cco t P o l c e Ba s is o P r e s e n t a i o a n r g a n z a t o A dam Techn o l o g e Corporation ( “ A d am Tec h no o g e s o h “ C om p any” a nc o rpo r a e u n de h a o h a o D e a ar o ep em b e 1 7 2 00 7 Th accompa n y n condensed f na n c i a s a emen o A d am Tec h no o g e er pre p are f ro h acco u n o h C om p an un d e h acc r ua ba s o acco u n ng U na u d e I n e r F n a nc a S a e en Th i n er condensed f n anc a s a eme n t o h C om p an a o September 30, 2015 an f o h p er od he ende d a r u n aud ed o ever i h o p n o o manage m en h n t e r f na n c a s a emen nc u d a ad u s men s co n s s i n o o n n o rma rec u rr n ad u s men s nece ss ar pre s en fa r l h C ompa n y’ f n anc a po s o a o September 30, 2015 a n h r e s u l o t o pera on a n ca s f o fo t h per o d ende September 30, 2015 T h e s r e s u t ar no n ece s s ar n d ca t v o t h re s u ex p ec e f o h ca e n da y ea en d n ecem b e 3 1 2 015 Th acc o mpa n y n f nanc a s a emen an no e here d n o re f l ec a d s c o s ure req u re u nde accou n n p r nc p e ge n era accep e h n i e S a e s R efe t h C o mpa n y’ au d i e f na n c i a s a emen a o ece m be 3 1 2 014 f e h Securities and Exchange Commission (” S E C”) f o a d d i o na n f orma o n nc u d n s gn f i ca n accou n n p o c e s C a s h For purposes of reporting within the statement of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with an original maturity of three months or less to be cash and cash equivalents. There were no cash and cash equivalents at September 30 Loss per Share Basic earnings per share are computed by dividing the net income attributable to the common stockholders by the weighted average number of shares of common stock outstanding during the period. Fully diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. Common stock equivalents were not included in the computation of diluted loss per share in the statement of operations due to the fact that the Company reported a net loss and to do so would be anti-dilutive for the periods presented. I n co me axe D efer r e a a ss e t a n ab i e ar de erm ne ba s e o em p orar d ff e rence be ee h ba s e o cer a a s s e a n ab e f o n com a a n f n anc a rep o r n pur p o s e s Th d e ferre a a s s e an i a b l e ar c a s s f e accor d n h f n a nc a s a eme n c l a ss f ca t o o h a ss e t a n ab t e ge n era n t h d f f erence s Th C o m pan ma n a n va u a t o a o anc w re s p ec de f erre a a s s e s Th C o m pan e s a b l s he va u a t o a o anc ba s e u p o h p o en a ke ho o o rea z n t h defe r re a a s s e an ak n n c o n s i d era o h C o mpan y ’ f na n c i a p o s t o an re s u o o p era on f o h c u rre n per o d u ur rea za t o o h de f erre a be n ef de p end o h ex s enc o s uff c en a x ab nc o m t h h car r y-fo r w a r p er o u nde h fe d era a a s C h ange c i r cum s ance s s u c a h C om p an genera n axa b l i n come cou cau s cha n g u dgme n abo u ab to realize h re a e d efer r e a a ss e t n c h ang i h v a ua o a o a n c i b nc u d e n com t h yea o h chan g e s ma e Fa ir Va u o F n a nc a I n s r u en Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 820 “Fair Value Measurements and Disclosures” (ASC 820) defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) a reporting entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of six broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The six levels of the fair value hierarchy are described below: Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3 - Inputs that are both significant to the fair value measurement and unobservable. The Company estimates the fair value of financial instruments using the available market information and valuation methods. Considerable judgment is required in estimating fair value. Accordingly, the estimates of fair value may not be indicative of the amounts the Company could realize in a current market exchange. As of September 30, 2015 and E s t i a t e Th condensed f nanc a s a emen ar p r epare o t h ba s o acc o un n pr n c i p e g enera acc e p e t h n e a e s Th p repara o o f nanc a s t a e m en con f orm w gene r a l accep e accou n t n p r i n c p e req u i r e m anageme n ma k e s ma e an a s s um p on ha af f ec h re p or e amou n o a s s e s ab t e an ex p en s e s c ua r e s u t co u d f fe f r o h o s e s ma e mad b ma n ageme n t Beneficial Conversion Features In accordance with ASC 470, the Company has analyzed the beneficial nature of the conversion terms and determined that a beneficial conversion feature (BCF) exists. The Company calculated the value of the BCF using the intrinsic method as stipulated in ASC 470. The BCF has been recorded as a discount to the notes payable and to Additional Paid-in Capital. Recen t A ccou n t n P r on o unce e n t In August, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (ASU) No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40), which now requires management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued. If conditions or events raise substantial doubt about an entity’s ability to continue as a going concern and substantial doubt is not alleviated after consideration of management’s plans, additional disclosures are required. The amendments in this update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. These requirements were previously included within auditing standards and federal securities law, but are now included within U.S. GAAP. We are currently assessing the impact on the adoption of ASU and do not believe the adoption will have significant impact on our financial statements and disclosures. We have evaluated the other recent accounting pronouncements through ASU 2015-08 and believe that none of them will have a material effect on our financial statements.

Note 2 Going Concern

Note 2 Going Concern	9 Months Ended
	Sep. 30, 2015
Notes
Note 2 Going Concern	Note 2 Go o cer The accompanying unaudited condensed financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. The Company has not established any source of revenue to cover its operating costs, and as such, has incurred an operating loss since inception. Further, as of September 30, 2015 The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern. As of September 30, 2015, the Company has an accumulated deficit of -19,039,043 .

Note3 Convertible Notes Payable

Note3 Convertible Notes Payable	9 Months Ended
	Sep. 30, 2015
Notes
Note3 Convertible Notes Payable	Note3 C o ver t b o t e P ay a b On N o v embe 18 20 1 1 h C o m pan s g ne $3 0 ,00 co n ver b p r om s s o r n o h r pa r t y T h no b ear n ere s a 8 pe an n u a n a du o u gu s 18 20 1 2 Th n o ha co n ver s o r gh ha a o h h o de o h no con v er af e 18 day a o an pa r o h rema n n p r i n c pa ba anc n h C o m pany ’ c o mm o s t o c a p r c eq u a 5 8 o h avera g o h o e s rad n p r i ce f o h C om m o oc du r n h mo s recen e da per o d The conversion feature was determined to exist and was recorded at the time of issue as a derivative liability, but has been fully amortized in prior periods. Th n o defa u t ccord n h erm o t h n o t up o de f au h ba a n c du i 1 5 0 o t h u n pa p r nc pa b a l a n ce I ad d i o n f r o h da o defa u l h no e bea n ere s a 22 p e an n um ma t s o d s cre o con v er h d efau am o un n equ y On A p r 27 20 1 2 h C om p an s g n e $ 32 , 50 con v er b p r om s s o r n o t h r par y Th no b ear n ere s a 8 pe a n nu an a du o J anu a r 2 7 2 01 3 Th no h a c o nve r s o r g h t ha a o h ho d e o h n o c o nver a f e 1 8 da y a l o an pa r o h rema n i n p r nc pa b a l a n c n t h C o mpan y ’ comm o s oc a pr c e q ua 5 8 o t h ave r ag o h o e s ra d n p r ce fo h C o mmo t o c d ur n h m o s r ecen e d a pe r od The conversion feature was determined to exist and was recorded at the time of issue as derivative liability, but has been fully amortized in prior periods. Th no d efau cco r d n t h er m o h n o u p o defau h ba anc d u 1 5 0 o h un p a p r nc pa ba a n ce I add o n fr o h d a o defau h no e bea n ere s a 22 pe ann u m T h nve s o ma i s o d s cre o conv e r h de f au amo u n n equ y On October 15, 2013, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on October 15, 2014. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. A beneficial conversion feature of $30,000 was determined to exist and was recorded at the time of issue. $30,000 of the beneficial conversion feature has been amortized as of September 30, 2015. Th no d efau On January 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on January 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. A loss on extinguishment of debt of $23,564 was determined to exist and was recorded at the time of issue. This note is in default. On March 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on March 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. A loss on extinguishment of debt of $30,000 was determined to exist and was recorded at the time of issue. This note is in default. On March 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on March 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. A loss on extinguishment of debt of $30,000 was determined to exist and was recorded at the time of issue. This note is in default. On June 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on June 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. A loss on extinguishment of debt of $30,000 was determined to exist and was recorded at the time of issue. This note is in default. On July 1, 2014, the Company converted $60,000 of amounts due to officers into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on July 31, 2015. The note has conversion rights that allow the holder of the note after six months to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. This note is in default. On September 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on September 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. A loss on extinguishment of debt of $30,000 was determined to exist and was recorded at the time of issue. This note is in default. On December 15, 2014, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on December 15, 2015. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. A loss on extinguishment of debt of $30,000 was determined to exist and was recorded at the time of issue. This note is in default. On March 15, 2015, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on March 15, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. A loss on extinguishment of debt of $30,000 was determined to exist and was recorded at the time of issue. On April 1, 2015, the Company converted $52,500 of compensation owed into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on March 31, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. A loss on extinguishment of debt of $52,500 was determined to exist and was recorded at the time of issue. On April 1, 2015, the Company converted $30,000 of compensation owed into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on March 31, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. A loss on extinguishment of debt of $30,000 was determined to exist and was recorded at the time of issue. On June 15, 2015, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on June 15, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. A loss on extinguishment of debt of $30,000 was determined to exist and was recorded at the time of issue. On September 15, 2015, the Company converted $30,000 of payables into a convertible promissory note with a third party. The note bears interest at 8% per annum and was due on September 15, 2016. The note has conversion rights that allow the holder of the note at any time to convert all or any part of the remaining principal balance into the Company’s common stock at a fixed price of $0.0015. A loss on extinguishment of debt of $30,000 was determined to exist and was recorded at the time of issue. I accor d anc 4 70 t h C o mpa n ha a n a l y ze h benef c a n a t u r o h c o nve r s o erm an de erm ne ha b enef c a co n ver s o fea ur ( BC ex s s T h C o mpa n ca cu a e h va u o h BC u s n h n r i n s m e t h o a s pu a e S 4 7 0 T h B C ha bee rec o rde a d s c o un h n o e p ayab a n d d ona a d- C ap a As o September 30, 2015 an ecem b e 3 1 2 014 h ba a n c o con v er b n o t e p ayab a $536,250 a n $ 363,750 . F o h m on h en d e September 30, 2015 h C o mpan ha rec o gn ze $49,470 i n ere s expe n s .

Note 4 Derivative Liability

Note 4 Derivative Liability	9 Months Ended
	Sep. 30, 2015
Notes
Note 4 Derivative Liability	Note 4 Derivative Liability The Company has various convertible instruments outstanding more fully described in Note 3, some of which contain derivative features. As of September 30, 2015, the fair value of the Company’s derivative liabilities was $144,788. The following table summarizes the derivative liabilities included in the balance sheet: Fair Value Measurements Using Significant Unobservable Inputs (Level 3 Derivative Liabilities: December 31, 2014 $ 171,560 Change in fair value (26,772) September30, 2015 $ 144,788 The fair values of derivative instruments were estimated using the Black Scholes pricing model based on the following weighted-average assumptions: Convertible Debt Instruments Risk-free rate 0.18% Expected volatility 2.31% Expected life 91 days

Note 5 Stock

Note 5 Stock	9 Months Ended
	Sep. 30, 2015
Notes
Note 5 Stock	Note 5 S t oc kholders’ Deficit During the quarter ended September 30, 2015, the Company did not issue any shares of common stock. As a result, the total shares outstanding as of September 30, 2015 and December 31, 2014 remained at 328,851,197. On March 25, 2014, Novation Holdings, Inc., an unrelated party, agreed to purchase 1,000,000 shares of voting preferred stock for $15,000. The preferred shares will have voting power equal to 51 percent of the total combined voting power of all classes of stock entitled to vote on any matter. The issuance of the shares was approved by the Board of Directors. The preferred shares have not been issued as the total purchase price has not been paid in full as of September 30, 2015.

Note 7 Legal Proceedings.

Note 7 Legal Proceedings.	9 Months Ended
	Sep. 30, 2015
Notes
Note 7 Legal Proceedings.	Note 6 Legal Proceedings. On October 25, 2012, JS Barkats PLLC filed a breach of contract action against the Company and a former officer, Aviram Malik in the Supreme Court of New York, for breach of contract relating to a funding transaction in June 2012. The Complaint, which was apparently served on former management but was never answered or otherwise responded to by former management and which was never disclosed in our prior periodic filings, seeks to recover $45,395 in a cash finders’ fee allegedly due plus 2.5 percent of our issued and outstanding common stock as of the date the fee was earned, plus forfeiture of all of the common stock, warrants and options owned by Aviram Malik, individually. As a result of the failure to respond to the action by prior management, the Company is in default in this action and plaintiff is seeking entry of a default judgment. On June 5, 2015, the Court entered a default judgment against the Company in the amount of $170,000 plus 2.5 percent of the outstanding common stock plus attorneys’ fees of $11,250. The Company has recorded the amount of $248,490, as compensation for the quarter ended June 30, 2015 and has reserved 6,724,015 common shares ($67,240 value) for issuance under this judgment. The Company has no assets available to satisfy the judgment amount, which is reported on the financial statements as an unsecured liability. There are no other known pending legal proceedings to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of voting securities of the Company, or security holder is a party adverse to the Company or has a material interest adverse to the Company. The Company has no property so no property of the Company is the subject of any other pending legal proceedings.

Note 8 Subsequent Events

Note 8 Subsequent Events	9 Months Ended
	Sep. 30, 2015
Notes
Note 8 Subsequent Events	Note 7 Subsequent Events On September 10, 2015, the Company entered into an Agreement and Plan of Merger and Acquisition with Incubator Holdings, Inc., a Wyoming corporation. Under the terms of that Agreement, Incubator Holdings formed an acquisition subsidiary, ADAC Acquisition Corp. in Florida, the Company will merge into that subsidiary, the common shareholders of the Company will receive common shares of Incubator Holdings on the basis of 1 share of Incubator for each 250 shares of the Company held, the preferred shareholder of the Company will receive one preferred share of Incubator Holdings for each share of Series A Preferred Stock of the Company outstanding, and Incubator Holdings will assume the obligations of the Company as an SEC reporting entity. Incubator also will apply for a new CUSIP number for the common shares and a new trading symbol. The Company will become a private subsidiary of Incubator Holdings, and will retain all of its existing debts and liabilities except for $352,500 in specific debt that will be assumed by Incubator Holdings under the Agreement. The existing common shareholders of the Company will receive a total of ten percent of the resulting outstanding common stock of Incubator Holdings and the existing common shareholders of Incubator Holdings will retain 90 percent of the common stock after the acquisition. Completion of the proposed acquisition will require approval of a majority vote of the shareholders of the Company as well as compliance with all regulatory requirements. Closing is expected to be on or before December 31, 2015, subject to completion of all required regulatory filings. Incubator Holdings is a Wyoming Holding company which has acquisition agreements in place for the acquisition of two existing operating companies: Acquisition #1 specializes in precision machining and aerospace manufacturing. Since its inception in 1974, this company has concentrated on safety critical aerospace landing gear. It has numerous government contracts extended over several years. As a result of quality work, this company was awarded the Award for Excellence by the U.S. Government. This company has state of the art technology coupled with programmers that have extensive education and expertise to meet customer expectations. Acquisition #2 protects families and businesses from identity theft which has become the number one crime in the nation. This company provides far more than the typical credit card protection. In fact, it supplies the “7” essential components of whole identity protection. These include: Whole identity monitoring-not just credit cards Cyber-crime protection—hackers, viruses, etc. Credit-manage and protect your credit Privacy-minimize junk mail, spam, etc. Lost wallet protection Whole identity recovery—restoration to pre-theft status Cyberhood watch—24/7 real-time alerts Closing of the acquisitions of these two target companies will be completed after the merger of the Company with ADAC Acquisition Corp. As a result the Company will be filing Form 10 information to terminate its current status as a shell company within the meaning of the federal securities laws as soon as that merger closes. There is no assurance, however, that the above acquisitions will be completed.

Note 4 Derivative Liability_ Th

Note 4 Derivative Liability: The Following Table Summarizes The Derivative Liabilities Included in The Consolidated Balance Sheet (Tables)	9 Months Ended
	Sep. 30, 2015
Tables/Schedules
The Following Table Summarizes The Derivative Liabilities Included in The Consolidated Balance Sheet:	The following table summarizes the derivative liabilities included in the balance sheet: Fair Value Measurements Using Significant Unobservable Inputs (Level 3 Derivative Liabilities: December 31, 2014 $ 171,560 Change in fair value (26,772) September30, 2015 $ 144,788

Note 4 Derivative Liability_ 14

Note 4 Derivative Liability: The Fair Values of Derivative Instruments Were Estimated Using The Black Scholes Pricing Model Based On The Following Weighted-average Assumptions (Tables)	9 Months Ended
	Sep. 30, 2015
Tables/Schedules
The Fair Values of Derivative Instruments Were Estimated Using The Black Scholes Pricing Model Based On The Following Weighted-average Assumptions:	The fair values of derivative instruments were estimated using the Black Scholes pricing model based on the following weighted-average assumptions: Convertible Debt Instruments Risk-free rate 0.18% Expected volatility 2.31% Expected life 91 days

Note 2 Going Concern (Details)

Note 2 Going Concern (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Details
Retained Earnings (Accumulated Deficit)	$ (19,039,043)	$ (18,462,134)

Note3 Convertible Notes Payab16

Note3 Convertible Notes Payable (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Details
Notes Payable, Current	$ 536,250		$ 536,250
Notes Payable, Current			363,750	$ 363,750
Interest Expense	$ 18,448	$ 12,151	$ 49,470	$ 29,884

Note 4 Derivative Liability (De

Note 4 Derivative Liability (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Details
Derivative Liability, Current	$ 144,788	$ 171,560

Note 4 Derivative Liability_ 18

Note 4 Derivative Liability: The Following Table Summarizes The Derivative Liabilities Included in The Consolidated Balance Sheet (Details)	9 Months Ended
	Sep. 30, 2015USD ($)
Details
Derivative Liability, Current	$ 171,560
Unrealized Gain (Loss) on Derivatives	(26,772)
Derivative Liability, Current	$ 144,788

Note 4 Derivative Liability_ 19

Note 4 Derivative Liability: The Fair Values of Derivative Instruments Were Estimated Using The Black Scholes Pricing Model Based On The Following Weighted-average Assumptions (Details)	9 Months Ended
	Sep. 30, 2015
Details
Fair Value Assumptions, Risk Free Interest Rate	0.18%
Fair Value Assumptions, Expected Volatility Rate	2.31%
Fair Value Assumptions, Expected Term	91 days

Note 5 Stock (Details)

Note 5 Stock (Details) - shares	Sep. 30, 2015	Dec. 31, 2014
Details
Preferred Stock, Shares Authorized	1,000,000	1,000,000