Document_and_Entity_Informatio
Document and Entity Information (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Document and Entity Information: | ' |
Entity Registrant Name | 'Securitas EDGAR Filings, Inc. |
Document Type | '10-Q |
Document Period End Date | 30-Sep-13 |
Amendment Flag | 'false |
Entity Central Index Key | '0001456857 |
Current Fiscal Year End Date | '--12-31 |
Entity Common Stock, Shares Outstanding | 12,218,205 |
Entity Public Float | $294,000 |
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 | '2013 |
Document Fiscal Period Focus | 'Q3 |
BALANCE_SHEETS
BALANCE SHEETS (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
ASSETS | ' | ' | ||
Cash | $226 | $299 | ||
Sundry current assets | 243 | 259 | ||
TOTAL CURRENT ASSETS | 469 | 558 | ||
PROPERTY AND EQUIPMENT, NET | 4,080 | 4,956 | ||
TOTAL ASSETS | 4,549 | 5,514 | ||
Accounts payable | 10,305 | 8,140 | ||
TOTAL CURRENT LIABILITIES | 10,305 | 8,140 | ||
Notes Payable | 90,516 | 67,650 | ||
TOTAL LIABILITIES | 100,821 | 75,790 | ||
Common stock | 12,218 | [1] | 12,218 | [1] |
Additional paid-in capital | 57,190 | 57,190 | ||
Deficit accumulated during development stage | -165,680 | -139,684 | ||
TOTAL STOCKHOLDERS' DEFICIENCY | -96,272 | -70,276 | ||
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY | $4,549 | $5,514 | ||
[1] | par value $.001; 50,000,000 shares authorized; 12,218,205 shares issued and outstanding |
STATEMENTS_OF_OPERATIONS
STATEMENTS OF OPERATIONS (USD $) | 4 Months Ended | 9 Months Ended | 95 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
REVENUE: | ' | ' | ' | ' | ' |
TOTAL REVENUE | ' | ' | ' | ' | $38,951 |
General and Administrative Expenses | 13,677 | 3,767 | 21,961 | 10,938 | 192,109 |
Interest Expense | 1,505 | 1,083 | 4,035 | 3,080 | 12,522 |
TOTAL COSTS AND EXPENSES | 15,182 | 4,850 | 25,996 | 14,018 | 204,631 |
NET LOSS | ($15,182) | ($4,850) | ($25,996) | ($14,018) | ($165,680) |
BASIC AND DILUTED NET INCOME (LOSS) PER COMMON SHARE | ($0.00) | $0 | ($0.00) | ($0.00) | ' |
WEIGHTED AVERAGED NUMBER OF COMMON SHARES | 12,218,205 | 12,218,205 | 12,218,205 | 12,218,205 | ' |
STATEMENTS_OF_CASH_FLOWS
STATEMENTS OF CASH FLOWS (USD $) | 9 Months Ended | 95 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
OPERATING ACTIVITIES: | ' | ' | ' |
Net Loss | ($25,996) | ($14,018) | ($165,680) |
Depreciation and amortization | 892 | 1,725 | 23,285 |
Accounts Payable | 2,165 | -2,518 | 10,305 |
Sundry Current Assets | ' | ' | -415 |
Net Cash Used in Operating Activities | -22,939 | -14,811 | -132,505 |
Acquisition of property and equipment | ' | -1,494 | -27,193 |
Net Cash Used in Investing Activities | ' | -1,494 | -27,193 |
Proceeds from the sale of common stock | ' | 1,250 | 69,408 |
Notes Payable | 22,866 | 14,924 | 90,516 |
Net Cash Provided by Financing Activities | 22,866 | 16,174 | 159,924 |
Increase (Decrease) in Cash | -73 | -131 | 226 |
Cash - Beginning of Period | 299 | 290 | ' |
Cash - End of Period | $226 | $159 | $226 |
Organization_Consolidation_and
Organization, Consolidation and Presentation of Financial Statements | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements: | ' |
Liquidity Disclosure | ' |
NOTE 3 - GOING CONCERN | |
The Company’s financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business. The Company has generated minimal revenue since its inception, has accumulated losses of $165,680 since inception, and has a stockholder deficiency of $96,272 at September 30, 2013. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. | |
The Company’s future success is dependent upon its ability to achieve profitable operations, generate cash from operating activities and obtain additional financing. There is no assurance that the Company will be able to generate sufficient cash from operations, sell additional shares of common stock or borrow additional funds from its stockholders. The Company is implementing a growth strategy for attracting new customers and reducing general and administrative expenses through operational and organizational efficiency initiatives. | |
The Company’s inability to obtain additional cash could have a material adverse effect on its financial position, results of operations, and its ability to continue in existence. These financial statements do not include any adjustments that might result from the outcome of this uncertainty. |
Accounting_Policies
Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies: | ' |
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies | ' |
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
Business description | |
Securitas Edgar Filings, Inc. (the “Company”) was formed on October 31, 2005 under the laws of the State of Florida. The Company converted its entity form on November 17, 2006 from a Delaware limited Liability Company to a Florida Corporation with 8,353,860 shares of common stock exchanged for each partnership unit, with 8,353,860 units outstanding at date of conversion. The assets, liabilities and operations of the Company did not change pursuant to this reorganization, and the accompanying financial statements are presented as if the change occurred on the first day of the earliest period presented; thus all references to number of shares prior to the date of conversion are based upon the common stock equivalent of the units. | |
Basis of Presentation | |
The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals considered necessary for a fair presentation, have been included. Operating results for the three and nine months ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013 or any other period. For further information, refer to the financial statements and footnotes thereto for the year ended December 31, 2012 filed with Form 10-K. | |
New Accounting Pronouncements | |
From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard setting bodies that may have an impact on the Company’s accounting and reporting. The Company believes that such recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations and cash flows when implemented. |
Related_Party_Disclosures
Related Party Disclosures | 9 Months Ended |
Sep. 30, 2013 | |
Related Party Disclosures: | ' |
Related Party Transactions Disclosure | ' |
NOTE 2 - RELATED PARTY TRANSACTIONS | |
Stockholder loans payable consists of five promissory notes with two of its stockholders in which the company may borrow, in aggregate, up to $140,000. These borrowings bear interest from 5% to 8% per annum. They are due starting in December of 2014 through December of 2018. The Company has paid no interest to the stockholders as of September 30, 2013. | |
Also included in stockholder loans payable is $13,509 in accrued interest. | |
During the nine months ended September 30, 2013, the Company borrowed $22,866 from two of its stockholders, of which it has accrued interest of $4,035, and paid interest of $0. | |
For the periods ending September 30, 2013, and year ending December 31, 2012, the Company has accrued interest of $13,509 and $9,473, respectively. |
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events: | ' |
Subsequent Events | ' |
NOTE 4 - SUBSEQUENT EVENTS | |
The Company has evaluated events after the date of these financial statements through, the date that these financial statements were issued. There were no material subsequent events as of that date. |