Document_and_Entity_Informatio
Document and Entity Information (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Jun. 30, 2014 | |
Document and Entity Information: | ||
Entity Registrant Name | All Marketing Solutions, Inc. | |
Document Type | 10-Q | |
Document Period End Date | 31-Mar-15 | |
Amendment Flag | FALSE | |
Entity Central Index Key | 1464300 | |
Current Fiscal Year End Date | -19 | |
Entity Common Stock, Shares Outstanding | 104,710,000 | |
Entity Public Float | $104,710 | |
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 | 2015 | |
Document Fiscal Period Focus | Q1 |
BALANCE_SHEETS
BALANCE SHEETS (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
BALANCE SHEETS | ||
Cash | $626 | $626 |
TOTAL CURRENT ASSETS | 626 | 626 |
TOTAL ASSETS | 626 | 626 |
Accounts payable and accrued liabilities | 167,104 | 163,403 |
Accounts payable - Related Party | 26,100 | 26,100 |
Loans from Related Party | 88,610 | 86,611 |
TOTAL CURRENT LIABILITIES | 281,814 | 276,115 |
Capital stock Authorized 200,000,000 shares of common stock, $0.001 par value, Issued and outstanding 104,710,000 shares at March 31, 2015 & Dec 31, 2014 | 104,710 | 104,710 |
Additional Paid in Capital | 960,610 | 960,610 |
Deficit accumulated during the development stage | -1,346,508 | -1,340,809 |
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT) | -281,188 | -275,489 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT) | $626 | $626 |
BALANCE_SHEETS_PARENTHETICAL
BALANCE SHEETS (PARENTHETICAL) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
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 | 104,710,000 | 104,710,000 |
Common Stock, Shares Outstanding | 104,710,000 | 104,710,000 |
STATEMENTS_OF_OPERATIONS
STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
STATEMENTS OF OPERATIONS | ||
Revenues | $0 | $0 |
Impairment of fixed asset | 1,000,000 | |
Office and general | 2,699 | 1,175 |
Professional Fees | 3,000 | 1,600 |
- related party | 1,500 | |
Total Expenses | 5,699 | 1,004,275 |
NET LOSS | ($5,699) | ($1,004,275) |
BASIC AND DILUTED LOSS PER COMMON SHARE | $0 | ($0.01) |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING | 104,710,000 | 104,248,889 |
STATEMENTS_OF_CASH_FLOWS
STATEMENTS OF CASH FLOWS (USD $) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
STATEMENTS OF CASH FLOWS | ||
NET LOSS | ($5,699) | ($1,004,175) |
Impairment of software source code | 0 | 1,000,000 |
Expenses paid on company's behalf by shareholder | 1,999 | 50,550 |
Prepaid Expenses | 0 | -25,000 |
Increase (decrease) in accrued expenses | 3,700 | 3,571 |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | 0 | 24,846 |
NET INCREASE ( DECREASE) IN CASH | 24,846 | |
CASH, BEGINNING OF PERIOD | 626 | 139 |
CASH, END OF PERIOD | $626 | $24,985 |
Note_1_Condensed_Financial_Sta
Note 1 - Condensed Financial Statements | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 1 - Condensed 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 at March 31, 2015, and for all periods presented herein, 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. The results of operations for the periods ended March 31, 2015 and the same period last year are not necessarily indicative of the operating results for the full years. |
Note_2_Going_Concern
Note 2 - Going Concern | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 2 - Going Concern | NOTE 2 – 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 $281,188, an accumulated deficit of $1,346,508. 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. | |
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. |
Note_3_Impairment_of_Fixed_Ass
Note 3 - Impairment of Fixed Asset | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 3 - Impairment of Fixed Asset | NOTE 3 - IMPAIRMENT OF FIXED ASSET |
On January 8, 2014, the Company, completed the acquisition of, and exclusive rights in and to, computer source code related to software applications for the management of Internet cloud storage services in exchange for 4,000,000 shares of Common Restricted Stock at a value of $0.25 per share for the source and object code forms of the software applications. | |
Within the guidelines of the ASC, it was deemed that this acquisition of an intangible fixed asset of $1,000,000, did not pass the quantitive test of impairment and it has accordingly been written down to a zero balance. | |
Note_4_Capital_Stock
Note 4 - Capital Stock | 3 Months Ended |
Mar. 31, 2015 | |
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 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 March 31, 2015, the Company has not granted any stock options and has not recorded any stock-based compensation. | |
As of March 31, 2015, 104,710,000 (104,710,000 as of December 31, 2014) common shares were issued and outstanding. |
Note_5_Loan_Payable_Related_Pa
Note 5 - Loan Payable - Related Party Loans | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 5 - Loan Payable - Related Party Loans | NOTE 5 – LOAN PAYABLE – RELATED PARTY LOANS |
At March 31, 2015 the Company received a loan from related parties totaling $167,104 ($163,403 at December 31, 2014) of which $26,100 ($26,100 at December 31, 2014) were for expenses paid on behalf of the company by a vendor and $88,610 ($86,611 at December 31, 2014) were for expenses paid on behalf of a shareholder. These amounts are payable on demand and without interest. |
Note_6_Consulting_Agreement
Note 6 - Consulting Agreement | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 6 - Consulting Agreement | NOTE 6 - CONSULTING AGREEMENT |
On March 19, 2014 the Company entered into a consulting agreement to develop software development. The terms of agreement are for 9 months at $25,000 per month with effect from April 1, 2014 |
Note_7_Recent_Accounting_Prono
Note 7 - Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 7 - Recent Accounting Pronouncements | NOTE 7 - 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. |
Note_8_Subsequent_Events
Note 8 - Subsequent Events | 3 Months Ended |
Mar. 31, 2015 | |
Notes | |
Note 8 - Subsequent Events | NOTE 8 - SUBSEQUENT EVENTS |
The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were available to be issued and has determined that there are no further events to disclose. |