Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Jun. 30, 2014 | |
Document and Entity Information: | ||
Entity Registrant Name | All Marketing Solutions, Inc. | |
Document Type | 10-K | |
Document Period End Date | 31-Dec-14 | |
Amendment Flag | FALSE | |
Entity Central Index Key | 1464300 | |
Current Fiscal Year End Date | -19 | |
Entity Common Stock, Shares Outstanding | 104,560,000 | |
Entity Public Float | $104,560 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2014 | |
Document Fiscal Period Focus | FY |
BALANCE_SHEETS
BALANCE SHEETS (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
BALANCE SHEETS | ||
Cash | $626 | $139 |
TOTAL CURRENT ASSETS | 626 | 139 |
TOTAL ASSETS | 626 | 139 |
Accounts payable and accrued liabilities | 163,403 | 35,242 |
Accounts payable - Related Party | 26,100 | 15,700 |
Loans from Related Party | 86,611 | 32,251 |
TOTAL CURRENT LIABILITIES | 276,115 | 83,193 |
Capital stock Authorized 200,000,000 shares of common stock, $0.001 par value, Issued and outstanding 104,710,000 and 100,560,000 shares at December 31, 2014 and December 31, 2013 respectively | 104,710 | 100,560 |
Additional Paid in Capital | 960,610 | -95,240 |
Deficit accumulated during the development stage | -1,340,809 | -88,374 |
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT) | -275,489 | -83,054 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT) | $626 | $139 |
BALANCE_SHEETS_PARENTHETICAL
BALANCE SHEETS (PARENTHETICAL) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
BALANCE SHEETS (PARENTHETICAL) | ||
Common Stock, Per Value Per Share | $0.00 | $0.00 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
Common Stock, Shares, Issued | 104,560,000 | 100,560,000 |
Common Stock, Shares Outstanding | 104,560,000 | 100,560,000 |
STATEMENTS_OF_OPERATIONS
STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
STATEMENTS OF OPERATIONS | ||
Revenues | $0 | $0 |
Impairment of fixed asset | 1,000,000 | |
Software Development expenses | 225,000 | |
Office and general | 12,435 | 3,815 |
Professional Fees | 9,000 | 9,500 |
- related party | 6,000 | 4,500 |
Total Expenses | 1,252,435 | 17,815 |
NET LOSS | ($1,252,435) | ($17,815) |
BASIC AND DILUTED LOSS PER COMMON SHARE | ($0.01) | |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | 104,578,219 | 319,518,904 |
STATEMENTS_OF_STOCKHOLDERS_EQU
STATEMENTS OF STOCKHOLDER'S EQUITY (DEFICIT) (USD $) | Common Stock | Additional Paid in Capital | Share Subscription Receivable | Deficit Accumulated During the Development Stage | Total |
Balance, Value at Dec. 31, 2012 | $2,320,560 | ($2,305,990) | ($79,799) | ($65,229) | |
Balance, Shares at Dec. 31, 2012 | 2,320,560,000 | ||||
Share Redemption for $10 cash, Value | -2,220,000 | 2,210,750 | 9,240 | -10 | |
Net Loss | -17,815 | -17,815 | |||
Balance, Value at Dec. 31, 2013 | 100,560 | -95,240 | 0 | -88,374 | -83,054 |
Balance, Shares at Dec. 31, 2013 | 100,560,000 | ||||
Common Stock issued for Capital Acquisition, for $0.25 per share, Value | 4,000 | 996,000 | 1,000,000 | ||
Common Stock issued for Capital Acquisition, for $0.25 per share, Shares | 4,000,000 | ||||
Common Stock issued for cash at $0.40 per share in May, 2014, Value | 150 | 59,850 | 60,000 | ||
Common Stock issued for cash at $0.40 per share in May, 2014, Shares | 150,000 | ||||
Net Loss | -1,252,435 | -1,252,435 | |||
Balance, Value at Dec. 31, 2014 | $104,710 | $960,610 | $0 | ($1,340,809) | ($275,489) |
Balance, Shares at Dec. 31, 2014 | 104,710,000 |
STATEMENTS_OF_CASH_FLOWS
STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
STATEMENTS OF CASH FLOWS | ||
NET LOSS | ($1,252,435) | ($17,815) |
Impairment of Software source code | 1,000,000 | |
Expenses paid on company's behalf by related party vendor | 12,465 | |
Expenses paid on company's behalf by shareholder | 54,361 | 10 |
Increase (decrease) in accrued expenses | 138,561 | 5,245 |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | -59,513 | -95 |
Proceeds from sale of common stock | 60,000 | -10 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 60,000 | -10 |
NET INCREASE ( DECREASE) IN CASH | 487 | -105 |
CASH, BEGINNING OF PERIOD | 139 | 244 |
CASH, END OF PERIOD | $626 | $139 |
Note_1_Nature_of_Operations_an
Note 1 - Nature of Operations and Basis of Presentation | 12 Months Ended |
Dec. 31, 2014 | |
Notes | |
Note 1 - Nature of Operations and Basis of Presentation | NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION |
The Company was incorporated in the State of Nevada as a for-profit Company on December 17, 2008 and established a fiscal year end of December 31. It intends to seek business opportunities in the patent consulting and technology transfer and commercialization industries, specializing in financing and facilitating the patent application process for individual inventors and organizations that lack the financial resources to do so on their own. |
Note_2_Summary_of_Significant_
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2014 | |
Notes | |
Note 2 - Summary of Significant Accounting Policies | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Basis of Presentation | |
The financial statements present the balance sheet, statements of operations, stockholders' equity (deficit) and cash flows of the Company. These financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States. | |
Advertising | |
Advertising costs are expensed as incurred. As of December 31, 2014, no advertising costs have been incurred. | |
Research and Development | |
Research and Development costs are expensed as incurred. As of December 31, 2014, $225,000 costs have been incurred. | |
Property | |
The Company does not own or rent any property. The office space is provided by the president at no charge | |
. | |
Use of Estimates and Assumptions | |
Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. | |
Income Taxes | |
The Company follows the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment. | |
Revenue and Cost Recognition | |
The Company has no current source of revenue; therefore the Company has not yet adopted any policy regarding the recognition of revenue or cost. | |
Net Loss per Share | |
Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive loss per share reflects the potential dilution of securities that could share in the losses of the Company. Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share. | |
Recent Accounting Pronouncements | |
The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statement. | |
FASB issues various Accounting Standards Updates relating to the treatment and recording of certain accounting transactions. On June 10, 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2014-10, Development Stage Entities (Topic 915) - Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation, which eliminates the concept of a development stage entity (DSE) entirely from current accounting guidance. The Company has elected adoption of this standard, which eliminates the designation of DSEs and the requirement to disclose results of operations and cash flows since inception. | |
Cash and Cash Equivalents | |
The Company considers all highly liquid investments with maturity of three months or less to be cash equivalents. | |
Fair Value of Financial Instruments | |
Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2014 and December 31, 2013. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, prepaid expenses and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand. |
Note_3_Going_Concern
Note 3 - Going Concern | 12 Months Ended |
Dec. 31, 2014 | |
Notes | |
Note 3 - Going Concern | NOTE 3 – GOING CONCERN |
The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $275,489, an accumulated deficit of $1,340,809 and net loss from operations since inception of $1,340,809. The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The Company is funding its initial operations by way of issuing Founder’s shares. | |
The officers and directors have committed to advancing certain operating costs of the Company, including Legal, Audit, Transfer Agency and Edgarizing costs |
Note_4_Capital_Stock
Note 4 - Capital Stock | 12 Months Ended |
Dec. 31, 2014 | |
Notes | |
Note 4 - Capital Stock | NOTE 4 – CAPITAL STOCK |
The Company’s capitalization is 200,000,000 common shares with a par value of $0.001 per share. No preferred shares have been authorized or issued. | |
On September 30, 2009, the President was issued 2,280,000,000 common shares for $9,500 cash, which was received on October 8, 2009. | |
In March, 2012 the Company issued 40,560,000 common shares for cash of $5,070. | |
On February 5, 2013 the Company approved that the 75,000,000 authorized common shares be increased to 200,000,000 authorized common shares | |
On February 6, 2013 the Company redeemed 2,220,000,000 common shares (9,250,000 pre-split) for $10 cash. This resulted in a reduction in the Accumulated Deficit of $9,240. The stock was cancelled. | |
On January 8, 2014, the Company issued 4,000,000 common shares in exchange for a capital acquisition, at $0.25 per share. | |
On May 15, 2014, the Company issued 150,000 common shares for cash of $60,000. | |
As of December 31, 2014, 104,710,000 (100,560,000 as of December 31, 2013) common shares are issued and outstanding. |
Note_5_Loan_Payable_Related_Pa
Note 5 - Loan Payable - Related Party Loans | 12 Months Ended |
Dec. 31, 2014 | |
Notes | |
Note 5 - Loan Payable - Related Party Loans | NOTE 5 – LOAN PAYABLE – RELATED PARTY LOANS |
The Company has received $86,611 as a loan from two different related parties. The loans are payable on demand and without interest. |
Note_6_Income_Taxes
Note 6 - Income Taxes | 12 Months Ended |
Dec. 31, 2014 | |
Notes | |
Note 6 - Income Taxes | NOTE 6 – INCOME TAXES |
We did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry forward period. | |
The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory rate to the income tax amount recorded as of December 31, 2014 are as follows: | |
December 31, 2014 December 31, 2013 | |
Net Operating Loss carry forward 1,350,049 97,614 | |
Effective Tax Rate 35% 35% | |
Deferred Tax Assets 472,517 34,165 | |
Less: Valuation Allowance (472,517) (34,165) | |
Net Deferred Tax Asset $ 0 $ 0 | |
The net federal operating loss carry forward will expire between 2028 and 2029. This carry forward may be limited upon the consummation of a business combination under IRC Section 381. |
Note_2_Summary_of_Significant_1
Note 2 - Summary of Significant Accounting Policies: Basis of Presentation (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Policies | |
Basis of Presentation | Basis of Presentation |
The financial statements present the balance sheet, statements of operations, stockholders' equity (deficit) and cash flows of the Company. These financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States. |
Note_2_Summary_of_Significant_2
Note 2 - Summary of Significant Accounting Policies: Advertising (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Policies | |
Advertising | Advertising |
Advertising costs are expensed as incurred. As of December 31, 2014, no advertising costs have been incurred. |
Note_2_Summary_of_Significant_3
Note 2 - Summary of Significant Accounting Policies: Research and Development (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Policies | |
Research and Development | Research and Development |
Research and Development costs are expensed as incurred. As of December 31, 2014, $225,000 costs have been incurred. |
Note_2_Summary_of_Significant_4
Note 2 - Summary of Significant Accounting Policies: Property (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Policies | |
Property | Property |
The Company does not own or rent any property. The office space is provided by the president at no charge |
Note_2_Summary_of_Significant_5
Note 2 - Summary of Significant Accounting Policies: Use of Estimates and Assumptions (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Policies | |
Use of Estimates and Assumptions | Use of Estimates and Assumptions |
Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. |
Note_2_Summary_of_Significant_6
Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Policies | |
Income Taxes | Income Taxes |
The Company follows the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment. |
Note_2_Summary_of_Significant_7
Note 2 - Summary of Significant Accounting Policies: Revenue and Cost Recognition (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Policies | |
Revenue and Cost Recognition | Revenue and Cost Recognition |
The Company has no current source of revenue; therefore the Company has not yet adopted any policy regarding the recognition of revenue or cost. |
Note_2_Summary_of_Significant_8
Note 2 - Summary of Significant Accounting Policies: Net Loss Per Share (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Policies | |
Net Loss Per Share | Net Loss per Share |
Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive loss per share reflects the potential dilution of securities that could share in the losses of the Company. Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share. |
Note_2_Summary_of_Significant_9
Note 2 - Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Policies | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements |
The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statement. | |
FASB issues various Accounting Standards Updates relating to the treatment and recording of certain accounting transactions. On June 10, 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2014-10, Development Stage Entities (Topic 915) - Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation, which eliminates the concept of a development stage entity (DSE) entirely from current accounting guidance. The Company has elected adoption of this standard, which eliminates the designation of DSEs and the requirement to disclose results of operations and cash flows since inception. |
Recovered_Sheet1
Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Policies | |
Cash and Cash Equivalents | Cash and Cash Equivalents |
The Company considers all highly liquid investments with maturity of three months or less to be cash equivalents. |
Recovered_Sheet2
Note 2 - Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Policies | |
Fair Value of Financial Instruments | Fair Value of Financial Instruments |
Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2014 and December 31, 2013. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, prepaid expenses and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand. |