Hartford Great Health (HFUS) 10-Q 21 Mar 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jan. 31, 2018	Mar. 13, 2018
Equity Issuance Dollar Amount Per Share Duration One
Entity Registrant Name	Photoamigo, Inc.
Entity Central Index Key	1,482,554
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2018
Current Fiscal Year End Date	--07-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018
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 (Unaud

CONDENSED BALANCE SHEETS (Unaudited) - USD ($)	Jan. 31, 2018	Jul. 31, 2017
Current assets:
Cash and cash equivalents	$ 1,117	$ 1,928
Total current assets	1,117	1,928
Fixed Assets
Computer equipment	2,792	2,792
Accumulated depreciation	(2,732)	(2,262)
Net book value	60	530
Total assets	1,177	2,458
Current liabilities:
Accounts payable	1,810	2,191
Accrued Interest	494	237
Advances from shareholders	33,843	21,180
Total current liabilities	36,147	23,608
Total liabilities	36,147	23,608
Stockholders' 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
Accumulated (Deficit)	(321,101)	(307,281)
Total stockholders' equity	(34,970)	(21,150)
Total liabilities and stockholders' equity	$ 1,177	$ 2,458

CONDENSED BALANCE SHEETS (Unau3

CONDENSED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jan. 31, 2018	Jul. 31, 2017
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

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Income Statement [Abstract]
Revenues	$ 0	$ 0	$ 0	$ 0
Operating expenses:
Website development	2,448	589	2,625	766
Legal and accounting fees	7,450	4,500	8,237	5,175
Investor relations	1,751	1,950	2,051	2,908
Other general and administrative	103	3	180	34
Depreciation Expense	235	235	470	470
Total operating expenses	11,987	7,277	13,563	9,353
Operating (loss)	(11,987)	(7,277)	(13,563)	(9,353)
Other income(expense):
Interest expense	(150)	(45)	(257)	(59)
Other income (expense) net	(150)	(45)	(257)	(59)
Net (loss)	$ (12,137)	$ (7,322)	$ (13,820)	$ (9,412)
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) - 6 months ended Jan. 31, 2018 - USD ($)	Common Stock [Member]	Additional Paid - in Capital [Member]	Accumulated (Deficit) [Member]	Total
Balance at Jul. 31, 2017	$ 3,018	$ 283,113	$ (307,281)	$ (21,150)
Balance, shares at Jul. 31, 2017	3,018,000
Net (loss) for the quarter	$ 0	0	(13,820)	(13,820)
Balance at Jan. 31, 2018	$ 3,018	$ 283,113	$ (321,101)	$ (34,970)
Balance, shares at Jan. 31, 2018	3,018,000

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Cash flows from operating activities:
Net (loss)	$ (13,820)	$ (9,412)
Adjustments to reconcile net (loss) to net cash used by operating activities:
Depreciation	470	470
Changes in operating assets and liabilities:
Increase/(decrease) in accounts payable	(381)	42
Increase/(decrease) in interest payable	257	59
Net cash (used in) operating activities	(13,474)	(8,841)
Cash flows from investing activities:
Net cash (used in) investing activities	0	0
Cash flows from financing activities:
Loans from stockholders	12,663	9,980
Net cash provided by financing activities	12,663	9,980
Net increase (decrease) in cash and equivalents	(811)	1,139
Cash and equivalents at beginning of period	1,928	359
Cash and equivalents at end of period	1,117	1,498
Supplemental Cash Flow Information
Interest paid	0	0
Income taxes paid	$ 0	$ 0

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	6 Months Ended
	Jan. 31, 2018
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	6 Months Ended
	Jan. 31, 2018
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 $321,101 as of January 31, 2018. 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	6 Months Ended
	Jan. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	3. Related Party Transactions During the six months ended January 31, 2018, the Company borrowed $12,663 from four shareholders to fund the Company's ongoing activities. The shareholders have not received any equity for these loans and these loans 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 $257 for the Six months ended January 31, 2018 related to these notes. This compares to the $9,980 borrowed from four shareholders: $2,500 from three and $2,480 from a fourth shareholder during the first six months of 2017. During the same timeframe in 2017 the Company accrued an interest expense of $59 for the six months. 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	6 Months Ended
	Jan. 31, 2018
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 $ 12,900 $ (12,900 ) $ (12,900 ) $ - July 31, 2009 $ 122,700 2029 $ 18,400 $ (18,400 ) $ (5,500 ) $ - July 31, 2010 $ 147,700 2030 $ 22,100 $ (22,100 ) $ (3,700 ) $ - July 31, 2011 $ 178,100 2031 $ 26,700 $ (26,700 ) $ (4,600 ) $ - July 31, 2012 $ 200,100 2032 $ 30,000 $ (30,000 ) $ (3,300 ) $ - July 31, 2013 $ 217,100 2033 $ 32,500 $ (32,500 ) $ (2,500 ) $ - July 31, 2014 $ 238,100 2034 $ 35,700 $ (35,700 ) $ (3,200 ) $ - July 31, 2015 $ 259,100 2035 $ 38,800 $ ( 38,800 ) $ ( 3,100 ) $ - July 31, 2016 $ 287,100 2036 $ 43,000 $ (43,000 ) $ (4,200 ) $ - July 31, 2017 $ 307,100 2037 $ 46,000 $ (46,000 ) $ (3,000 ) $ - January 31, 2018 $ 321,100 2038 $ 48,200 $ (48,200 ) $ (2,200 ) $ - Income taxes at the statutory rate are reconciled to reported income tax expense (benefit) as follows: 2018 2017 Income tax benefit at statutory rate (21%) (21%) Deferred income tax valuation allowance 21% 21% 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	6 Months Ended
	Jan. 31, 2018
Stockholders' 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 2, 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 Six months ended January 31, 2018 or 2017. There were 3,018,000 shares of common stock issued and outstanding at January 31, 2018.

Subsequent Events

Subsequent Events	6 Months Ended
	Jan. 31, 2018
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)	6 Months Ended
	Jan. 31, 2018
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)	6 Months Ended
	Jan. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax Valuation	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 $ 12,900 $ (12,900 ) $ (12,900 ) $ - July 31, 2009 $ 122,700 2029 $ 18,400 $ (18,400 ) $ (5,500 ) $ - July 31, 2010 $ 147,700 2030 $ 22,100 $ (22,100 ) $ (3,700 ) $ - July 31, 2011 $ 178,100 2031 $ 26,700 $ (26,700 ) $ (4,600 ) $ - July 31, 2012 $ 200,100 2032 $ 30,000 $ (30,000 ) $ (3,300 ) $ - July 31, 2013 $ 217,100 2033 $ 32,500 $ (32,500 ) $ (2,500 ) $ - July 31, 2014 $ 238,100 2034 $ 35,700 $ (35,700 ) $ (3,200 ) $ - July 31, 2015 $ 259,100 2035 $ 38,800 $ ( 38,800 ) $ ( 3,100 ) $ - July 31, 2016 $ 287,100 2036 $ 43,000 $ (43,000 ) $ (4,200 ) $ - July 31, 2017 $ 307,100 2037 $ 46,000 $ (46,000 ) $ (3,000 ) $ - January 31, 2018 $ 321,100 2038 $ 48,200 $ (48,200 ) $ (2,200 ) $ -
Income Tax Statutory Rate	Income taxes at the statutory rate are reconciled to reported income tax expense (benefit) as follows: 2018 2017 Income tax benefit at statutory rate (21%) (21%) Deferred income tax valuation allowance 21% 21% Reported tax rate 0% 0%

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Jan. 31, 2018	Jul. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ (321,101)	$ (307,281)

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2018	Jan. 31, 2017
Related Party Transactions [Abstract]
Amount borrowed from shareholders			$ 12,663	$ 9,980
Interest on loans from shareholders	2.00%		2.00%
Accrued interest expense on these notes	$ 150	$ 45	$ 257	$ 59

Income Taxes (Details)

Income Taxes (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jan. 31, 2018	Jul. 31, 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	$ 321,100	$ 307,100	$ 287,100	$ 259,100	$ 238,100	$ 217,100	$ 200,100	$ 178,100	$ 147,700	$ 122,700	$ 86,500
NOL expires	2,038	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	$ 48,200	$ 46,000	$ 43,000	$ 38,800	$ 35,700	$ 32,500	$ 30,000	$ 26,700	$ 22,100	$ 18,400	$ 12,900
Valuation allowance	(48,200)	(46,000)	(43,000)	(38,800)	(35,700)	(32,500)	(30,000)	(26,700)	(22,100)	(18,400)	(12,900)
Change in valuation allowance	(2,200)	(3,000)	(4,200)	(3,100)	(3,200)	(2,500)	(3,300)	(4,600)	(3,700)	(5,500)	(12,900)
Net tax asset	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0

Income Taxes (Details 2)

Income Taxes (Details 2)	6 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Income Tax Disclosure [Abstract]
Income tax benefit at statutory rate	(21.00%)	(21.00%)
Deferred income tax valuation allowance	21.00%	21.00%
Reported tax rate	0.00%	0.00%

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - $ / shares	Jan. 31, 2018	Jul. 31, 2017
Stockholders' deficit:
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