| Nature of Operations and Summary of Significant Accounting Policies | Note 1 - Nature of Operations and Summary
of Significant Accounting Policies Nature of Operations Wall Street Media Co, Inc. (the “Company”
or "Wall Street Media") was organized as Mycatalogsonline.com, Inc. in the state of Nevada on January 26, 2009. In April
2009, the Company changed its name to My Catalogs Online, Inc. In August, 2013 the Company changed its name to Wall Street Media
Co, Inc. The Company has significant experience in providing
consulting and management services to entities looking to merge with or acquire or otherwise consult with third party entities.
These services are currently provided to Landmark-Pegasus, Inc., a related party ("Landmark-Pegasus"). Landmark-Pegasus
is owned by John Moroney, the Company's majority shareholder. The Company was previously involved in providing services to the
internet sector and maintaining a catalog of domain names. Basis of Presentation The interim unaudited condensed financial statements
included herein have been prepared by the Company, pursuant to the rules and regulations of the Securities and Exchange Commission
(the “SEC”). In the opinion of the Company’s management, all adjustments (consisting of normal recurring adjustments
and reclassifications and non-recurring adjustments) necessary to present fairly the results of operations and cash flows for the
nine months ended June 30, 2017, and the financial position as of June 30, 2017, have been made. The results of operations for
such interim periods are not necessarily indicative of the operating results to be expected for the full year. Certain information
and disclosures normally included in the notes to the annual financial statements have been condensed or omitted from these interim
condensed financial statements. Accordingly, these interim condensed financial statements should be read in conjunction with the
Audited Financial Statements and Notes thereto included in our Report on Form 10-K as filed with the SECon December 12, 2016. The
June 30, 2017 balance sheet is derived from those financial statements. Use of Estimates The financial statements are prepared in accordance
with Accounting Principles Generally Accepted in the United States (“GAAP”). These accounting principles require the
Company to make certain estimates, judgments and assumptions. The Company believes that the estimates, judgments and assumptions
upon which it relies are reasonable based upon information available at the time that these estimates, judgments and assumptions
are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities as of the date of
the financial statements as well as the reported amounts of revenues and expenses during the periods presented. The financial statements
would be affected to the extent there are material differences between these estimates and actual results. In many cases, the accounting
treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its
application. There are also areas in which management’s judgment in selecting any available alternative would not produce
a materially different result. Significant estimates include the valuation allowance on deferred tax assets. Cash and Cash Equivalents The Company considers financial instruments
with original maturities of three months or less to be cash equivalents. Revenue Recognition In accordance with ASC 605-10, revenue is recognized
when persuasive evidence of an arrangement exists, products are delivered to and accepted by the customer, economic risk of loss
has passed to the customer, the price is fixed or determinable, collection is reasonably assured, and any future obligations of
the Company are insignificant. These criteria are generally met during the period when the development or consulting services are
provided or completed. Basic and Diluted Net Income per Common
Share Basic net income per share is computed by dividing
the net income by the weighted average number of common shares outstanding during the period. Diluted net income per common share
is computed by dividing the net income by the weighted average number of common shares outstanding for the period and, if dilutive,
potential common shares outstanding during the period. Potentially dilutive securities consist of the incremental common shares
issuable upon exercise of common stock equivalents such as stock options and convertible debt instruments. Potentially dilutive
securities are excluded from the computation if their effect is anti-dilutive. There were no potentially dilutive securities outstanding
as of June 30, 2017. Recent Accounting Pronouncements The Company does not believe there are any
new accounting pronouncements that have been issued that might have a material impact on its consolidated financial statements. |
