Hartford Great Health (HFUS) 10-Q 16 Jun 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Apr. 30, 2017	Jun. 14, 2017
Equity Issuance Dollar Amount Per Share Duration One
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2017
Entity Registrant Name	Photoamigo, Inc.
Entity Central Index Key	1,482,554
Current Fiscal Year End Date	--07-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,017
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		3,018,000
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Apr. 30, 2017	Jul. 31, 2016
Current assets:
Cash and cash equivalents	$ 2,163	$ 359
Total current assets	2,163	359
Fixed Assets
Computer equipment	2,792	2,792
Accumulated depreciation	(2,027)	(1,329)
Net book value	765	1,463
Total assets	2,928	1,822
Current liabilities:
Accounts payable	858	3,120
Accrued Interest to Stockholders	139	0
Advances from Stockholders	18,280	0
Total current liabilities	19,277	3,120
Total liabilities	19,277	3,120
Stockholders' equity (deficit):
Preferred stock - $0.001 par value, 5,000,000 shares authorized: No shares issued or outstanding	0	0
Common stock - $0.001 par value, 100,000,000 shares authorized: 3,018,000 shares issued and outstanding	3,018	3,018
Additional paid-in capital	283,113	283,113
(Deficit) accumulated during the development stage	(302,480)	(287,429)
Total stockholders' equity	(16,349)	(1,298)
Total liabilities and stockholders' equity	$ 2,928	$ 1,822

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Apr. 30, 2017	Jul. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value per share	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	3,018,000	3,018,000
Common stock, shares outstanding	3,018,000	3,018,000

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Income Statement [Abstract]
Revenues	$ 0	$ 0	$ 0	$ 0
Operating expenses:
Website development	255	2,234	1,021	8,807
Legal and accounting fees	3,732	1,987	8,906	10,225
Investor relations	940	1,598	3,848	4,398
Other general and administrative	405	36	439	582
Depreciation Expense	227	230	698	700
Total operating expenses	5,559	6,085	14,912	24,712
Operating (loss)	(5,559)	(6,085)	(14,912)	(24,712)
Other income(expense):
Interest expense	(79)	0	(139)	0
Interest income	0	0	0	0
Other income (expense) net	(79)	0	(139)	0
Net (loss)	$ (5,638)	$ (6,085)	$ (15,051)	$ (24,713)
Net (loss) per common share: Basic and Diluted	$ 0	$ 0	$ 0	$ 0
Weighted average shares outstanding: Basic and Diluted	3,018,000	3,018,000	3,018,000	3,018,000

CONDENSED STATEMENT OF CHANGES

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)	Common Stock	Additional Paid - in Capital [Member]	Accumulated (Deficit) [Member]	Total
Balance at Jul. 31, 2015	$ 3,018	$ 260,613	$ (259,018)	$ 4,613
Balance, shares at Jul. 31, 2015	3,018,000
Net (loss)	$ 0	0	(28,411)
Additional paid in capital-related parties	0	22,500	0	22,500
Balance at Jul. 31, 2016	$ 3,018	283,113	(287,429)	$ (1,298)
Balance, shares at Jul. 31, 2016	3,018,000			3,018,000
Net (loss)	$ 0	0	(15,051)	$ (15,051)
Balance at Apr. 30, 2017	$ 3,018	$ 283,113	$ (302,480)	$ (16,349)
Balance, shares at Apr. 30, 2017	3,018,000			3,018,000

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Cash flows from operating activities:
Net (loss)	$ (15,051)	$ (24,713)
Adjustments to reconcile net (loss) to net cash used by operating activities:
Depreciation	698	700
Stock issued for services	0	0
Changes in operating assets and liabilities:
Increase/(decrease) in accounts payable	(2,262)	1,272
Increase (decrease) in interest payable	139	0
Net cash (used in) operating activities	(16,476)	(22,741)
Cash flows from investing activities:
Purchase of fixed assets	0	0
Net cash (used in) investing activities	0	0
Cash flows from financing activities:
Additional paid in capital		20,000
Loans from shareholders	18,280
Cash Proceeds from sale of stock
Net cash provided by financing activities	18,280	20,000
Net increase (decrease) in cash and equivalents	1,804	(2,741)
Cash and equivalents at beginning of period	359	3,399
Cash and equivalents at end of period	2,163	658
Supplemental Cash Flow Information
Interest paid	0	0
Income taxes paid	$ 0	$ 0
Non-cash investing and financing activities:
Shares issued in exchange for website domain names, membership base and software	0	0

NATURE OF OPERATIONS AND SUMMAR

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Apr. 30, 2017
Accounting Policies [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	1. Nature of Operations and Summary of Significant Accounting Policies Nature of Operations PhotoAmigo, Inc. ("the Company" or "PhotoAmigo") was organized under the laws of the State of Nevada on April 2, 2008. It plans to develop photographic sharing and networking through its website PhotoAmigo.com. Summary of Significant Accounting Policies Interim Financial Information: Use of Estimates: Cash and Cash Equivalents: Income Taxes: Revenue Recognition: Income (Loss) Per Share: Recent Accounting Pronouncements:

GOING CONCERN

GOING CONCERN	9 Months Ended
	Apr. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	2. Going Concern The accompanying financial statements were prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of obligations in the normal course of business. However, PhotoAmigo has incurred losses since inception (April 2, 2008), resulting in an accumulated deficit of $302,480 as of April 30, 2017. These conditions raise substantial doubt about the ability of PhotoAmigo to continue as a going concern. In view of these matters, continuation as a going concern is dependent upon several factors, including the availability of debt or equity funding upon terms and conditions acceptable to PhotoAmigo, and ultimately achieving profitable operations. Management cannot provide assurance that PhotoAmigo will meet its objectives and be able to continue in operation. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of PhotoAmigo to continue as a going concern.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Apr. 30, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	3. Related Party Transactions During the nine months ended April 30, 2017, the Company borrowed $18,280 from four shareholders: $5,000 from two and $2,500 from a third shareholder, and $5,780 from a four th shareholder to fund the Company's ongoing activities. The shareholders have not received any equity for these contributions and these contributions are repayable by the Company. Simple interest accrues on these notes at 2% annually. Principle and interest are due upon sale or merger of the company or upon demand. The Company has accrued an interest expense of $ 139 for the nine months ended April 30, 2017 related to these notes. Office space is provided to PhotoAmigo at no additional cost by the sole executive officer. No provision for these costs has been included in these financial statements as the amounts are not material.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Apr. 30, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	4. Income Taxes PhotoAmigo's deferred tax assets, valuation allowance, and change in valuation allowance are as follows: Period Ending Estimated NOL carry-forward NOL expires Estimated tax benefit from NOL Valuation allowance Change in valuation allowance Net tax asset July 31, 2008 $ 86,500 2028 $ 17,300 $ (17,300 ) $ (17,300 ) $ - July 31, 2009 $ 36,200 2029 $ 6,900 $ (6,900 ) $ (6,900 ) $ - July 31, 2010 $ 25,000 2030 $ 3,500 $ (3,500 ) $ (3,500 ) $ - July 31, 2011 $ 30,400 2031 $ 4,600 $ (4,600 ) $ (4,600 ) $ - July 31, 2012 $ 22,000 2032 $ 4,000 $ (4,000 ) $ (4,000 ) $ - July 31, 2013 $ 17,000 2033 $ 3,400 $ (3,400 ) $ (3,400 ) $ - July 31, 2014 $ 21,000 2034 $ 4,000 $ (4,000 ) $ (4,000 ) $ - July 31, 2015 $ 21,000 2035 $ 4,000 $ ( 4,000 ) $ ( 4,000 ) $ - July 31, 2016 $ 28,000 2036 $ 4,000 $ (4,000 ) $ (4,000 ) $ - April 30, 2017 $ 15,000 2037 $ 2,000 $ ( 2,000 ) $ (2,000 ) $ - Income taxes at the statutory rate are reconciled to reported income tax expense (benefit) as follows: 2017 2016 Income tax benefit at statutory rate (15%) (15%) Deferred income tax calculation allowance 15% 15% Reported tax rate 0% 0% At this time, the Company is unable to determine if it will be able to benefit from its deferred tax asset. There are limitations on the utilization of net operating loss carryforwards, including a requirement that losses be offset against future taxable income, if any. In addition, there are limitations imposed by certain transactions which are deemed to be ownership changes. Accordingly, a valuation allowance has been established for the entire deferred tax asset.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Apr. 30, 2017
Stockholders' equity (deficit):
STOCKHOLDERS' EQUITY	5. Stockholders' Equity Preferred Stock The Company is authorized to issue 5,000,000 shares of preferred stock with a par value of $0.001 per share. No shares of preferred stock have been issued or outstanding since Inception (April 1, 2008). Common Stock The Company is authorized to issue 100,000,000 shares or common stock with a par value of $0.001 per share. No shares of common stock were issued during the nine months ended April 30, 2017 or 2016. There were 3,018,000 shares of common stock issued and outstanding at April 30, 2017. Additional Paid In Capital During the nine months ended April 30, 2017, the shareholders didn't contribute to additional paid in capital compared to $20,000 during the quarter ending April 30, 2016 to fund the Company's ongoing activities.

Subsequent Events

Subsequent Events	9 Months Ended
	Apr. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	6. Subsequent Events In accordance with ASC 855 , "Subsequent Events"

Nature of Operations and Summ13

Nature of Operations and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Apr. 30, 2017
Accounting Policies [Abstract]
Interim Financial Information:	Interim Financial Information:
Use of Estimates	Use of Estimates:
Cash and Cash Equivalents	Cash and Cash Equivalents:
Income Taxes	Income Taxes:
Revenue Recognition	Revenue Recognition:
Income (Loss) Per Share	Income (Loss) Per Share:
Recent Accounting Pronouncements	Recent Accounting Pronouncements:

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Apr. 30, 2017
Income Tax Disclosure [Abstract]
Income Tax Valuation	Period Ending Estimated NOL carry-forward NOL expires Estimated tax benefit from NOL Valuation allowance Change in valuation allowance Net tax asset July 31, 2008 $ 86,500 2028 $ 17,300 $ (17,300 ) $ (17,300 ) $ - July 31, 2009 $ 36,200 2029 $ 6,900 $ (6,900 ) $ (6,900 ) $ - July 31, 2010 $ 25,000 2030 $ 3,500 $ (3,500 ) $ (3,500 ) $ - July 31, 2011 $ 30,400 2031 $ 4,600 $ (4,600 ) $ (4,600 ) $ - July 31, 2012 $ 22,000 2032 $ 4,000 $ (4,000 ) $ (4,000 ) $ - July 31, 2013 $ 17,000 2033 $ 3,400 $ (3,400 ) $ (3,400 ) $ - July 31, 2014 $ 21,000 2034 $ 4,000 $ (4,000 ) $ (4,000 ) $ - July 31, 2015 $ 21,000 2035 $ 4,000 $ ( 4,000 ) $ ( 4,000 ) $ - July 31, 2016 $ 28,000 2036 $ 4,000 $ (4,000 ) $ (4,000 ) $ - April 30, 2017 $ 15,000 2037 $ 2,000 $ ( 2,000 ) $ (2,000 ) $ -
Income Tax Rate	2017 2016 Income tax benefit at statutory rate (15%) (15%) Deferred income tax calculation allowance 15% 15% Reported tax rate 0% 0%

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Apr. 30, 2017	Jul. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ (302,480)	$ (287,429)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	9 Months Ended
	Apr. 30, 2017	Jul. 31, 2016
Related Party Transactions [Abstract]
Outstanding balance of advances from officer	$ 0
Amount borrowed from shareholders	$ 18,280
Interest on loans from shareholders	2.00%
Accrued interest expense on these notes	$ 139	$ 0

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	9 Months Ended	12 Months Ended
	Apr. 30, 2017	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2010	Jul. 31, 2009	Jul. 31, 2008
Income Tax Disclosure [Abstract]
Estimated NOL carry-forward	$ 15,000	$ 28,000	$ 21,000	$ 21,000	$ 17,000	$ 22,000	$ 30,400	$ 25,000	$ 36,200	$ 86,500
NOL expires	2,037	2,036	2,035	2,034	2,033	2,032	2,031	2,030	2,029	2,028
Estimated tax benefit from NOL	$ 2,000	$ 4,000	$ 4,000	$ 4,000	$ 3,400	$ 4,000	$ 4,600	$ 3,500	$ 6,900	$ 17,300
Valuation allowance	(2,000)	(4,000)	(4,000)	(4,000)	(3,400)	(4,000)	(4,600)	(3,500)	(6,900)	(17,300)
Change in valuation allowance	(2,000)	(4,000)	(4,000)	(4,000)	(3,400)	(4,000)	(4,600)	(3,500)	(6,900)	(17,300)
Net tax asset	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0

INCOME TAXES (Details 2)

INCOME TAXES (Details 2)	3 Months Ended	9 Months Ended
	Apr. 30, 2016	Apr. 30, 2017
Income Tax Disclosure [Abstract]
Total income tax benefit at statutory rate	(15.00%)	(15.00%)
Deferred income tax calculation allowance	15.00%	15.00%
Reported tax rate	0.00%	0.00%

STOCKHOLDERS' EQUITY (Details N

STOCKHOLDERS' EQUITY (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
	Apr. 30, 2016	Apr. 30, 2017	Jul. 31, 2016
Stockholders' equity (deficit):
Cash contribution from shareholders	$ 20,000	$ 0
Preferred stock, par value per share		$ 0.001	$ 0.001
Preferred stock, shares authorized		5,000,000	5,000,000
Preferred stock, shares issued		0	0
Preferred stock, shares outstanding		0	0
Common stock, par value per share		$ 0.001	$ 0.001
Common stock, shares authorized		100,000,000	100,000,000
Common stock, shares issued		3,018,000	3,018,000
Common stock, shares outstanding		3,018,000	3,018,000