Document and Entity Information
Document and Entity Information - USD ($) | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Document and Entity Information: | ||
Entity Registrant Name | All Marketing Solutions, Inc. | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2016 | |
Trading Symbol | ptpro | |
Amendment Flag | false | |
Entity Central Index Key | 1,464,300 | |
Current Fiscal Year End Date | --12-31 | |
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 | Yes | |
Entity Well-known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q2 |
Condensed Balance Sheets - Unau
Condensed Balance Sheets - Unaudited - USD ($) | Jun. 30, 2016 | Dec. 31, 2015 |
Current Assets | ||
Cash | ||
Prepaid expenses | ||
Total Current Assets | 0 | 0 |
Fixed Assets | ||
Software, less impairment | ||
Total Fixed Assets | ||
Total Assets | 0 | 0 |
Current Liabilities | ||
Accounts Payable and Accrued Liabilities | 158,358 | 152,288 |
Accounts Payable - related party | 27,600 | 27,600 |
Loans from related party | 113,600 | 113,600 |
Total Current Liabilities | 299,558 | 293,488 |
Stockholders' Equity (Deficit) | ||
Common Stock, Value, Issued | 104,710 | 104,710 |
Additional Paid in Capital | 960,610 | 960,610 |
Accumulated deficit | (1,364,878) | (1,358,808) |
Total Stockholders' Equity/Defict | (299,558) | (293,488) |
Total Liabilities and Stockholder's Equity (Deficit) | $ 0 | $ 0 |
Statement of Financial Position
Statement of Financial Position - Parenthetical - $ / shares | Jun. 30, 2016 | Dec. 31, 2015 |
Balance Sheets | ||
Common Stock, Par Value | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
Common Stock, Shares Issued | 104,710 | 104,710 |
Common Stock, Shares Outstanding | 104,710 | 104,710 |
Condensed Statement of Operatio
Condensed Statement of Operations - Unaudited - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Revenue | ||||
Revenues | ||||
Total Revenues | ||||
Expenses | ||||
Impairment of fixed asset | ||||
Office and General | 970 | 600 | 1,570 | 3,299 |
Professional Fees | 2,250 | 2,250 | 4,500 | 5,250 |
Related party | ||||
Total Expenses | 3,220 | 2,850 | 6,070 | 8,549 |
Net Loss | $ (3,220) | $ (2,850) | $ (6,070) | $ (8,549) |
Basic and Diluted Loss per Common Share | ||||
Weighted Average Number of Common Shares Outstanding | 104,710,000 | 104,710,000 | 104,710,000 | 104,710,000 |
Condensed Statement of Cash Flo
Condensed Statement of Cash Flows - Unaudited - USD ($) | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Operating Activities | ||
Net Income (Loss) | $ (6,070) | $ (8,549) |
Adjustments to Reconcile Net Loss to net cash used in Operating Activities: | ||
Impairment of software source code | ||
Expenses paid on company's behalf by shareholder | 26,989 | |
Prepaid Expenses | ||
Increase (Decrease) in Accrued Expenses | 6,070 | (18,440) |
Net Cash Provided by (Used in) Operating Activities | ||
Net Cash Provided by (Used in) Investing Activities | ||
Financing Activities | ||
Proceeds from Sale of Common Stock | ||
Net Cash Provided by (Used in) Financing Activities | ||
Net Increase (Decrease) in Cash | ||
Cash beginning of period | 626 | |
Cash end of period | 626 | |
Supplemental cash flow information and noncash financing activities: | ||
Interest | ||
Income taxes |
Note 1 - Condensed Financial St
Note 1 - Condensed Financial Statements | 3 Months Ended |
Jun. 30, 2016 | |
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 June 30, 2016, 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 Companys December 31, 2015 audited financial statements. The results of operations for the periods ended June 30, 2016 and the same period last year are not necessarily indicative of the operating results for the full years. |
Note 2 - Substantial Doubt abou
Note 2 - Substantial Doubt about Going Concern | 3 Months Ended |
Jun. 30, 2016 | |
Notes | |
Note 2 - Substantial Doubt about Going Concern | NOTE 2 GOING CONCERN The Companys 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 $299,558 , an accumulated deficit of $1,364,878 . 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 funded its initial operations by way of issuing Founders shares. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Managements 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 As
Note 3 - Impairment of Fixed Asset | 3 Months Ended |
Jun. 30, 2016 | |
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 quantitative 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 |
Jun. 30, 2016 | |
Notes | |
Note 4 - Capital Stock | NOTE 4 CAPITAL STOCK The Companys 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 June 30, 2016, the Company has not granted any stock options and has not recorded any stock-based compensation. As of June 30, 2016, 104,710,000 (104,710,000 as of December 31, 2015) common shares issued and outstanding. |
Note 5 - Loan Payable - Related
Note 5 - Loan Payable - Related Party Loans | 3 Months Ended |
Sep. 30, 2015 | |
Notes | |
Note 5 - Loan Payable - Related Party Loans | NOTE 5 LOAN PAYABLE - RELATED PARTY LOANS As of June 30, 2016 the Company received a loan from related parties totaling $141,200 ($141,200 at December 31, 2015) of which $27,600 ,($27,600 at December 31, 2015) were for expenses paid on behalf of the company by a vendor and $113,600 ($113,600 at December 31, 2015) were for expenses paid on behalf of a shareholder. These amounts are payable on demand and without interest. |
Note 6 - Recent Accounting Pron
Note 6 - Recent Accounting Pronouncements | 3 Months Ended |
Jun. 30, 2016 | |
Notes | |
Note 6 - Recent Accounting Pronouncements | NOTE 6 - RECENT ACCOUNTING PRONOUNCEMENTS The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the companys financial statement. |
Note 7 - Subsequent Events
Note 7 - Subsequent Events | 3 Months Ended |
Jun. 30, 2016 | |
Notes | |
Note 7 - Subsequent Events | NOTE 7 - SUBSEQUENT EVENTS The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and has determined that there are no further events to disclose. |
Note 2 - Substantial Doubt ab13
Note 2 - Substantial Doubt about Going Concern (Details) | Jun. 30, 2016USD ($) |
Details | |
Working capital deficit | $ 299,558 |
Accumulated deficit | $ 1,364,878 |
Note 3 - Impairment of Fixed 14
Note 3 - Impairment of Fixed Asset (Details) | Jan. 08, 2014$ / sharesshares |
Details | |
Common Restricted Stock | shares | 4,000,000 |
Common Restricted Stock | $ / shares | $ 0.25 |
Note 4 - Capital Stock (Details
Note 4 - Capital Stock (Details) - USD ($) | Jun. 30, 2016 | May 15, 2014 | Jan. 08, 2014 |
Details | |||
Common shares | 200,000,000 | ||
Common shares with a par value | $ 0.001 | ||
Founder's shares | 4,000,000 | ||
Founder's shares per share | $ 0.25 | ||
Represents the CommonSharesIssued (number of shares), as of the indicated date. | 150,000 | ||
Common shares issued value | $ 60,000 | ||
Represents the CommonSharesIssuedAndOutstanding (number of shares), as of the indicated date. | 104,710,000 |
Note 5 - Loan Payable - Relat16
Note 5 - Loan Payable - Related Party Loans (Details) | Jun. 30, 2016USD ($) |
Details | |
Loans | $ 141,200 |
Expenses paid on behalf of the company | 27,600 |
Expenses paid on behalf of a shareholder | $ 113,600 |