| 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”)
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 provides business and financial
consulting services to companies seeking to merge with, acquire or otherwise transact with third party entities. During the fiscal
years ended September 30, 2018 and 2017, 54% and 85%, respectively, of the Company’s revenue was derived from a related party,
Landmark-Pegasus Corp. (“Landmark-Pegasus”). Currently, the Company provides these services solely to Landmark-Pegasus
and to a client of Landmark-Pegasus. Landmark-Pegasus is wholly owned by John Moroney, who beneficially owns 16,094,466 shares,
or approximately 59.8%, of the Company’s outstanding common stock. Mr. Moroney also acts as Landmark-Pegasus’ President
and is its sole director. Our clients engage us to evaluate the assets, liabilities and potential of companies that have been identified
by our clients. We hope to provide such services to additional non-related party entities in the future. 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 of equity based transactions and related services, and
the valuation allowance on deferred tax assets. Revenue Recognition In accordance with Accounting Standards Codification
(“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. Accounts Receivable Accounts receivable arise from the normal course
of business and is considered collectible within one year. Advertising The Company may conduct advertising for the
promotion of its services. In accordance with ASC 720-35, advertising costs are charged to operations when incurred; such amounts
aggregated $0 in 2018 and $0 in 2017. Income Taxes The Company accounts for income taxes pursuant
to the provisions of ASC 740-10 “Accounting for Income Taxes,” which requires, among other things, an asset and liability
approach to calculating deferred income taxes. The asset and liability approach requires the recognition of deferred tax assets
and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases
of assets and liabilities. A valuation allowance is provided to offset any net deferred tax assets for which management believes
it is more likely than not that the net deferred asset will not be realized. Upon inception, the Company adopted the provisions
of ASC 740-10, Accounting for Uncertain Income Tax Positions Basic and Diluted Net Loss per Common Share Basic net loss per share is computed by dividing
the net loss by the weighted average number of common shares outstanding during the period. Diluted net loss per common share is
computed by dividing the net loss 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 September 30, 2018 and 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. |
