C & C Tours 10-Q 13 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 11, 2015
Document And Entity Information
Entity Registrant Name	C & C TOURS INC.
Entity Central Index Key	1,430,319
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,937,000
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,015

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash	$ 3,864	$ 514
Total current assets	3,864	514
TOTAL ASSETS	3,864	514
CURRENT LIABILITIES
Accounts payable	34,500	30,000
Loans payable - current	80,240	71,640
Accrued interest	16,149	13,183
Total current liabilities	130,889	114,823
Total liabilities	130,889	114,823
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, 20,000,000 shares authorized at $.001 par value, 2,937,000 shares issued and outstanding at June 30, 2015 and December 31, 2014	2,937	2,937
Additional paid-in capital	34,970	34,970
Accumulated deficit	(164,932)	(152,216)
Total stockholders' equity (deficit)	(127,025)	(114,309)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 3,864	$ 514

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, par value	$ 0.001	$ .001
Common stock, authorized shares	20,000,000	20,000,000
Common stock, issued shares	2,937,000	2,937,000
Common stock, outstanding shares	2,937,000	2,937,000

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Condensed Statements Of Operations
Revenues
Expenses
General and administrative	$ 3,300	$ 4,220	$ 9,750	$ 11,073
Total expenses	3,300	4,220	9,750	11,073
Net operating loss before other expense	(3,300)	(4,220)	(9,750)	(11,073)
Other income (expense)
Interest expense	(1,521)	(1,430)	(2,966)	(2,726)
Total other income (expense)	(1,521)	(1,430)	(2,966)	(2,726)
Loss from operations before income taxes	$ (4,821)	$ (5,650)	$ (12,716)	$ (13,799)
Income taxes
Net loss	$ (4,821)	$ (5,650)	$ (12,716)	$ (13,799)
Basic and diluted net loss per share	$ 0	$ 0	$ 0	$ 0
Weighted average shares outstanding	2,937,000	2,937,000	2,937,000	2,937,000

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash Flows from Operating Activities
Net loss	$ (12,716)	$ (13,799)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:
Accounts payable	4,500	5,400
Accrued interest	2,966	2,726
Net cash used by operating activities	$ (5,250)	$ (5,673)
Cash Flows from Investing Activities
Net cash provided (used) by investing activities
Cash Flows from Financing Activities
Proceeds from loans payable	$ 8,600	$ 7,500
Net cash provided (used) by financing activities	8,600	7,500
Increase (decrease) in cash	3,350	1,827
Cash and cash equivalents at beginning of period	514	1,980
Cash and cash equivalents at end of period	$ 3,864	$ 3,807
Supplemental Cash Flow Information:
Cash paid for interest
Cash paid for income taxes

CONDENSED FINANCIAL STATEMENTS

CONDENSED FINANCIAL STATEMENTS	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
NOTE 1 - CONDENSED FINANCIAL STATEMENTS	The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations and cash flows as of and for the period ended June 30, 2015 and for all periods presented have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2014 audited financial statements as reported in its Form 10-K. The results of operations for the six-month period ended June 30, 2015 are not necessarily indicative of the operating results for the full year ended December 31, 2015.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
NOTE 2 - GOING CONCERN	The Company's 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 yet established an ongoing source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. The Company has realized net losses since reactivation on June 1, 1991 totaling $164,932. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Basis of Presentation The accompanying financial statements are prepared on the basis of accounting principles generally accepted in the United States of America. The Company is currently in the development stage and has not realized significant sales through June 30, 2015. A development stage company is defined as one in which all efforts are devoted substantially to establishing a new business and even if planned principal operations have commenced, revenues are insignificant. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Subsequent Events The Company’s management reviewed all material events through the date of this filing and has determined that there are no material subsequent events to report.

RECENT PRONOUNCEMENT

RECENT PRONOUNCEMENT	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
NOTE 4 - RECENT PRONOUNCEMENT	On June 10, 2014, the Financial Accounting Standards Board ("FASB") issued update ASU 2014-10, Development Stage Entities (Topic 915). Amongst other things, the amendments in this update removed the definition of development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from US GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information on the statements of income, cash flows and shareholders’ equity, (2) label the financial statements as those of a development stage entity; (3) disclose a description of the development stage activities in which the entity is engaged and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The amendments are effective for annual reporting periods beginning after December 31, 2014 and interim reporting periods beginning after December 15, 2015, however entities are permitted to early adopt for any annual or interim reporting period for which the financial statements have yet to be issued. The Company has elected to early adopt these amendments and accordingly have not labeled the financial statements as those of a development stage entity and have not presented inception-to-date information on the respective financial statements.

LOANS PAYABLE

LOANS PAYABLE	6 Months Ended
	Jun. 30, 2015
Notes to Financial Statements
Note 5. LOANS PAYABLE	Loans payable consist of legal and accounting fees, and out-of-pocket costs incurred through a third party. These payables are non-collateralized, bear interest at 8%, and are due on demand. As such, these loans are classified as current on the Company’s Balance Sheet. Interest expense for the six months ended June 30, 2014 and 2015 totaled $2,726 and $2,966, respectively. No payments on principal or interest have been made to date.

SUMMARY OF SIGNIFICANT ACCOUN11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2015
Summary Of Significant Accounting Policies Policies
Basis of Presentation	The accompanying financial statements are prepared on the basis of accounting principles generally accepted in the United States of America. The Company is currently in the development stage and has not realized significant sales through June 30, 2015. A development stage company is defined as one in which all efforts are devoted substantially to establishing a new business and even if planned principal operations have commenced, revenues are insignificant.
Use of Estimates	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Subsequent Events	The Company’s management reviewed all material events through the date of this filing and has determined that there are no material subsequent events to report.

LOANS PAYABLE (Details Narrativ

LOANS PAYABLE (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Loans Payable Details Narrative
Interest expense	$ 2,966	$ 2,726
Interest rate	8.00%