Cover
Cover | 6 Months Ended |
Jun. 30, 2022 shares | |
Cover [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Quarterly Report | true |
Document Transition Report | false |
Document Period End Date | Jun. 30, 2022 |
Document Fiscal Period Focus | Q2 |
Document Fiscal Year Focus | 2022 |
Current Fiscal Year End Date | --12-31 |
Entity File Number | 000-56253 |
Entity Registrant Name | FUEL DOCTOR HOLDINGS, INC. |
Entity Central Index Key | 0001459188 |
Entity Tax Identification Number | 26-2274999 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 20 Raul Wallenberg Street |
Entity Address, City or Town | Tel Aviv |
Entity Address, Country | IL |
Entity Address, Postal Zip Code | 69187 |
City Area Code | (647) |
Local Phone Number | 558-5564 |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 256,739,363 |
Condensed Balance Sheets
Condensed Balance Sheets - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Current assets: | ||
Cash | $ 73,176 | |
Total current assets | 73,176 | |
TOTAL ASSETS | 73,176 | 0 |
LIABILITIES & STOCKHOLDERS’ EQUITY (DEFICIT) | ||
Accounts payable and accrued liabilities | 4,000 | 18,857 |
Accounts payable - related party | 3,524 | |
Advanced Subscription Agreement | 110,000 | |
Total current liabilities | 117,524 | 18,857 |
Total liabilities | 117,524 | 18,857 |
Stockholders’ deficit | ||
Preferred stock, par value $0.0001, 10,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2022 and December 31, 2021 | 0 | 0 |
Common stock, par value $0.0001, 290,000,000 shares authorized, 256,739,363 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively | 25,674 | 25,674 |
Additional paid-in capital | 1,512,994 | 1,512,994 |
Accumulated deficit | (1,583,016) | (1,557,525) |
Total stockholders’ deficit | (44,348) | (18,857) |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | $ 73,176 | $ 0 |
Condensed Balance Sheets (Paren
Condensed Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2022 | Dec. 31, 2021 |
Statement of Financial Position [Abstract] | ||
Preferred Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 290,000,000 | 290,000,000 |
Common Stock, Shares, Issued | 256,739,363 | 256,739,363 |
Common Stock, Shares, Outstanding | 256,739,363 | 256,739,363 |
Condensed Statements of Operati
Condensed Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Income Statement [Abstract] | ||||
Revenues: | ||||
Expenses: | ||||
Professional and consulting fees | 12,400 | 1,540 | 22,400 | 3,194 |
General and administrative expense | 1,751 | 1,483 | 3,037 | 3,177 |
Total operating expenses | 14,151 | 3,023 | 25,437 | 6,371 |
Operating loss | (14,151) | (3,023) | (25,437) | (6,371) |
Financial expenses | (54) | (54) | ||
Net loss | $ (14,205) | $ (3,023) | $ (25,491) | $ (6,371) |
Basic and diluted loss per common share | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average common shares outstanding | 256,739,383 | 36,739,363 | 256,739,383 | 36,739,363 |
Condensed Statement of Stockhol
Condensed Statement of Stockholders Deficit - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2020 | $ 3,674 | $ 1,523,746 | $ (1,539,988) | $ (12,568) |
Shares, Issued at Dec. 31, 2020 | 36,739,363 | |||
Net loss | (6,371) | (6,371) | ||
Ending balance, value at Jun. 30, 2021 | $ 3,674 | 1,523,746 | (1,546,359) | (18,939) |
Shares, Issued at Jun. 30, 2021 | 36,739,363 | |||
Beginning balance, value at Mar. 31, 2021 | $ 3,674 | 1,523,746 | (1,543,336) | (15,916) |
Shares, Issued at Mar. 31, 2021 | 36,739,363 | |||
Net loss | (3,023) | (3,023) | ||
Ending balance, value at Jun. 30, 2021 | $ 3,674 | 1,523,746 | (1,546,359) | (18,939) |
Shares, Issued at Jun. 30, 2021 | 36,739,363 | |||
Common stock issuance | $ 22,000 | (10,752) | 11,248 | |
Common Stock Issuance, shares | 220,000,000 | |||
Net loss | (11,166) | (11,166) | ||
Ending balance, value at Dec. 31, 2021 | $ 25,674 | 1,512,994 | (1,557,525) | (18,857) |
Shares, Issued at Dec. 31, 2021 | 256,739,363 | |||
Net loss | (25,491) | (25,491) | ||
Ending balance, value at Jun. 30, 2022 | $ 25,674 | 1,512,994 | (1,583,016) | (44,348) |
Shares, Issued at Jun. 30, 2022 | 256,739,363 | |||
Beginning balance, value at Mar. 31, 2022 | $ 25,674 | 1,512,994 | (1,568,811) | (30,143) |
Shares, Issued at Mar. 31, 2022 | 256,739,363 | |||
Net loss | (14,205) | (14,205) | ||
Ending balance, value at Jun. 30, 2022 | $ 25,674 | $ 1,512,994 | $ (1,583,016) | $ (44,348) |
Shares, Issued at Jun. 30, 2022 | 256,739,363 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows - USD ($) | 6 Months Ended | 9 Months Ended |
Jun. 30, 2021 | Sep. 30, 2022 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (6,371) | $ (25,491) |
Adjustments to reconcile net loss to net cash (used) in operating activities: | ||
Accounts payable and accrued liabilities | (2,749) | (14,857) |
Accounts payable - related party | 9,120 | (3,524) |
Advanced Subscription Agreement | 110,000 | |
Net cash(used) in operating activities | 73,176 | |
Net increase in cash | 73,176 | |
Cash at beginning of period | ||
Cash at end of period | 73,176 | |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Cash paid during the period for: Interest | ||
Cash paid during the period for: Franchise taxes |
NOTE 1 _ GENERAL
NOTE 1 – GENERAL | 6 Months Ended |
Jun. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NOTE 1 – GENERAL | NOTE 1 – GENERAL a. Fuel Doctor Holdings, Inc. (“Fuel Doctor” or the “Company”) was incorporated in the state of Delaware on March 25, 2008 as Silver Hill Management Services, inc. On August 24, 2011, the Company entered into an Agreement and Plan of Reorganization (the “Plan”) with Fuel Doctor, LLC, a California Limited Liability company. Pursuant to the terms of the Plan, the members of Fuel Doctor, LLC agreed to transfer all of the issued and outstanding limited units in Fuel Doctor, LLC to the Company in exchange for the issuance of an aggregate of 9,367,500 b. The COVID-19 pandemic, which originated in China in late 2019, has since spread across the globe and affected the economic condition of most, if not all, countries, including the United States, Israel and many countries in Europe. On March 11, 2020, the World Health Organization declared the outbreak a pandemic. While COVID-19 is still spreading and the final implications of the pandemic are difficult to estimate at this stage, it is clear that it has affected the lives of a large portion of the global population. As of June 30, 2022, the pandemic has caused repeated states of emergency to be declared in various countries, ongoing and extended travel restrictions have been imposed for several months, strict quarantines rules have been established and maintained for an extended period of time in a plethora of jurisdictions and various institutions and companies have been closed and rendered bankrupt. The Company is actively monitoring the pandemic and is taking any necessary measures to respond to the situation in cooperation with the various stakeholders. Due to the uncertainty surrounding the COVID-19 pandemic, the Company will continue to assess the situation, including government-imposed restrictions, market by market. It is not possible at this time to estimate the full impact that the COVID-19 pandemic could have on the Company’s business, the continued spread of COVID-19, and any additional measures taken by governments, health officials or by the Company in response to such spread, could have on the Company’s business, results of operations and financial condition. The COVID-19 pandemic and mitigation measures have also negatively impacted global economic conditions, which, in turn, could adversely affect the Company’s business, results of operations and financial condition. The extent to which the COVID-19 outbreak continues to impact the Company’s financial condition will depend on future developments that are highly uncertain and cannot be predicted, including new government actions or restrictions, new information that may emerge concerning the severity, longevity and impact of the COVID-19 pandemic on economic activity. |
NOTE 2 - UNAUDITED INTERIM COND
NOTE 2 - UNAUDITED INTERIM CONDENSED FINANCIAL STATEMENTS | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
NOTE 2 - UNAUDITED INTERIM CONDENSED FINANCIAL STATEMENTS | NOTE 2 - UNAUDITED INTERIM CONDENSED FINANCIAL STATEMENTS Basis of Presentation: The accompanying unaudited condensed financial statements include the accounts of the Company and were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) Unaudited Interim Financial Information The Company’s unaudited condensed financial statements have been prepared in accordance with GAAP and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted from this report, as is permitted by such rules and regulations. Accordingly, these condensed financial statements should be read in conjunction with the audited financial statements as of and for the year ended December 31, 2021 and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC on April 18, 2022 (the “2021 Annual Report”). The unaudited condensed financial statements have been prepared on the same basis as the audited financial statements. In the opinion of the Company’s management, the accompanying unaudited condensed financial statements contain all adjustments that are necessary to present fairly the Company’s financial position and results of operations for the interim periods presented. The results for the six months ended June 30, 2022 are not necessarily indicative of the results for the year ending December 31, 2022, or for any future period. As of June 30, 2022, there have been no material changes in the Company’s significant accounting policies from those that were disclosed in the 2021 Annual Report. |
NOTE 3 _ GOING CONCERN
NOTE 3 – GOING CONCERN | 6 Months Ended |
Jun. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NOTE 3 – GOING CONCERN | NOTE 3 – GOING CONCERN The condensed financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred a loss since Inception (March 25, 2008) resulting in an accumulated deficit of $ 1,557,525 1,583,016 Such conditions raise substantial doubts about the Company’s ability to continue as a going concern. Management’s plan includes raising funds from outside potential investors. However, there is no assurance such funding will be available to the Company or that it will be obtained on terms favorable to the Company or will provide the Company with sufficient funds to meet its objectives. These financial statements do not include any adjustments relating to the recoverability and classification of assets, carrying amounts or the amount and classification of liabilities that may be required should the Company be unable to continue as a going concern. The effects of Covid -19 could impact our ability to operate under the going concern and maintain sufficient liquidity to continue operations. The impact of COVID-19 on companies is evolving rapidly and its future effects are uncertain. There are material uncertainties from Covid-19 that cast significant doubt on the company’s ability to operate under the going concern. It is possible that our company will have issues relating to the current situation that will need to be considered by management in the future. There will be a wide range of factors to take into account in going concern judgments and financial projections including travel bans, restrictions, government assistance and potential sources of replacement financing, financial health of suppliers and customers and their effect on expected profitability and other key financial performance ratios including information that shows whether there will be sufficient liquidity to continue to meet obligations when they are due. |
NOTE 4 _ COMMON STOCK AND PREFE
NOTE 4 – COMMON STOCK AND PREFERRED STOCK | 6 Months Ended |
Jun. 30, 2022 | |
Equity [Abstract] | |
NOTE 4 – COMMON STOCK AND PREFERRED STOCK | NOTE 4 – COMMON STOCK AND PREFERRED STOCK On February 18, 2021, the Company Amended the Articles of Incorporation and increased the number of authorized shares in Fuel Doctor Holdings, Inc. to 300,000,000 0.0001 290,000,000 $0.0001 10,000,000 0.0001 256,739,363 Common Stock: There were no stock issuances during the six months ended June 30, 2022. From April 1, 2022 and through to June 30, 2022, the Company received $110,000 $270,000 $0.003 Preferred Stock: As of June 30, 2022 and December 31, 2021 there are no preferences assigned to the preferred stock. |
NOTE 5 _ RELATED PARTY TRANSACT
NOTE 5 – RELATED PARTY TRANSACTIONS | 6 Months Ended |
Jun. 30, 2022 | |
Related Party Transactions [Abstract] | |
NOTE 5 – RELATED PARTY TRANSACTIONS | NOTE 5 – RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, the Company may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of stock or traditional debt financing. There is no formal written commitment for continued support by related parties. During the six months ended June 30, 2022, the CFO earned $ 15,000 3,524 During the six months ended June 30, 2021, a previous officer earned $ 1,500 $11,748 On March 8, 2022, a shareholder advanced the Company a loan in the amount of $19,980 1 The Company currently operates out of an office of a related party free of rent. |
NOTE 6 - SUBSEQUENT EVENTS
NOTE 6 - SUBSEQUENT EVENTS | 6 Months Ended |
Jun. 30, 2022 | |
Subsequent Events [Abstract] | |
NOTE 6 - SUBSEQUENT EVENTS | NOTE 6 - SUBSEQUENT EVENTS The Company evaluated all other events or transactions that occurred through August 11, 2022. The Company determined that it does not have any other subsequent event requiring recording or disclosure in the financial statements for the six months ended June 30, 2022, except as follows: a. From July 1, 2022 and through to August 11, 2022, the Company received an additional $ 50,000 |
NOTE 2 - UNAUDITED INTERIM CO_2
NOTE 2 - UNAUDITED INTERIM CONDENSED FINANCIAL STATEMENTS (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
Basis of Presentation: | Basis of Presentation: The accompanying unaudited condensed financial statements include the accounts of the Company and were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) |
Unaudited Interim Financial Information | Unaudited Interim Financial Information The Company’s unaudited condensed financial statements have been prepared in accordance with GAAP and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted from this report, as is permitted by such rules and regulations. Accordingly, these condensed financial statements should be read in conjunction with the audited financial statements as of and for the year ended December 31, 2021 and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC on April 18, 2022 (the “2021 Annual Report”). The unaudited condensed financial statements have been prepared on the same basis as the audited financial statements. In the opinion of the Company’s management, the accompanying unaudited condensed financial statements contain all adjustments that are necessary to present fairly the Company’s financial position and results of operations for the interim periods presented. The results for the six months ended June 30, 2022 are not necessarily indicative of the results for the year ending December 31, 2022, or for any future period. As of June 30, 2022, there have been no material changes in the Company’s significant accounting policies from those that were disclosed in the 2021 Annual Report. |
NOTE 1 _ GENERAL (Details Narra
NOTE 1 – GENERAL (Details Narrative) | 3 Months Ended |
Mar. 25, 2008 shares | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Stock Issued During Period, Shares, Acquisitions | 9,367,500 |
NOTE 3 _ GOING CONCERN (Details
NOTE 3 – GOING CONCERN (Details Narrative) - USD ($) | Jun. 30, 2022 | Dec. 31, 2021 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Retained Earnings (Accumulated Deficit) | $ 1,583,016 | $ 1,557,525 |
NOTE 4 _ COMMON STOCK AND PRE_2
NOTE 4 – COMMON STOCK AND PREFERRED STOCK (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | ||
Aug. 11, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | Feb. 18, 2021 | |
Equity [Abstract] | ||||
Capital Units, Authorized | 300,000,000 | |||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | $ 0.0001 | |
Common Stock, Shares Authorized | 290,000,000 | 290,000,000 | ||
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 | ||
Preferred Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | ||
Common Stock, Shares, Outstanding | 256,739,363 | 256,739,363 | ||
Proceeds from Issuance of Private Placement | $ 50,000 | $ 110,000 | ||
Proposed Private Placement | $ 270,000 | |||
Share Price | $ 0.003 |
NOTE 5 _ RELATED PARTY TRANSA_2
NOTE 5 – RELATED PARTY TRANSACTIONS (Details Narrative) | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
Related Party Transactions [Abstract] | |
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 15,000 |
Accrued Salaries, Current | 3,524 |
Salary and Wage, NonOfficer, Excluding Cost of Good and Service Sold | 1,500 |
Accrued Professional Fees, Current | 11,748 |
Due to Other Related Parties, Current | $ 19,980 |
Debt Instrument, Interest Rate During Period | 1% |
NOTE 6 - SUBSEQUENT EVENTS (Det
NOTE 6 - SUBSEQUENT EVENTS (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended |
Aug. 11, 2022 | Jun. 30, 2022 | |
Subsequent Events [Abstract] | ||
Proceeds from Issuance of Private Placement | $ 50,000 | $ 110,000 |