Hartford Great Health (HFUS) 10-Q 22 Jun 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Apr. 30, 2015	Jun. 22, 2015
Equity Issuance Dollar Amount Per Share Duration One
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2015
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	2,015
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, 2015	Jul. 31, 2014
Current assets:
Cash and cash equivalents	$ 3,246	$ 2,327
Total current assets	3,246	$ 2,327
Fixed Assets
Computer equipment	2,792
Accumulated depreciation	(161)
Net book value	2,631
Total assets	$ 5,877	$ 2,327
Current liabilities:
Accounts payable		1,413
Advances from officer		227
Total current liabilities		1,640
Total liabilities		$ 1,640
Stockholders' equity (deficit):
Preferred stock - $0.001 par value, 5,000,000 shares authorized: No shares issued or outstanding
Common stock - $0.001 par value, 100,000,000 shares authorized: 3,012,000 shares issued and outstanding	$ 3,018	$ 3,018
Additional paid-in capital	255,613	235,613
(Deficit) accumulated during the development stage	(252,754)	(237,944)
Total stockholders' equity	5,877	687
Total liabilities and stockholders' equity	$ 5,877	$ 2,327

Statement - CONDENSED BALANCE S

Statement - CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Apr. 30, 2015	Jul. 31, 2014
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

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended		85 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015
Income Statement [Abstract]
Revenues
Operating expenses:
Website development	$ 1,089	$ 188	$ 1,456	$ 1,245	$ 24,704
Employee compensation					25,800
Sales and marketing					3,162
Legal and accounting fees	$ 2,988	$ 2,338	$ 9,000	$ 9,506	85,348
Investor relations	1,247	1,695	3,751	4,568	44,946
Other general and administrative	$ 378	$ 1,901	$ 442	$ 1,979	8,830
Impairment					59,400
Depreciation Expense	$ 161		$ 161		161
Total operating expenses	5,863	$ 6,122	14,810	$ 17,298	252,351
Operating (loss)	$ (5,863)	$ (6,122)	$ (14,810)	$ (17,298)	(252,351)
Other income (expense):
Interest expense					(631)
Interest income					228
Other income (expense) net					(403)
Net (loss)	$ (5,863)	$ (6,122)	$ (14,810)	$ (17,298)	$ (252,754)
Net (loss) per common share: Basic and Diluted	$ 0	$ 0	$ 0	$ (0.01)
Weighted average shares outstanding: Basic and Diluted	3,018,000	3,012,000	3,018,000	3,012,000

CONDENSED STATEMENT OF CHANGES

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Common Stock [Member]	Additional Paid - in Capital [Member]	Accumulated (Deficit) [Member]	Total
Balance at Apr. 01, 2008
Balance, shares at Apr. 01, 2008
Shares issued in exchange for assets, April 2, 2008	$ 2,100	$ 57,000		$ 59,100
Shares issued in exchange for assets, April 2, 2008, shares	2,100,000
Shares issued for cash at $0.094 per share, April 2, 2008	$ 500	46,500		47,000
Shares issued for cash at $0.094 per share, April 2, 2008, shares	500,000
Shares issued for cash and services at $0.094 per share, April 2, 2008	$ 250	23,250		23,500
Shares issued for cash and services at $0.094 per share, April 2, 2008, shares	250,000
Shares issued for cash at $0.0833 per share, April 28, 2008	$ 138	11,362		11,500
Shares issued for cash at $0.0833 per share, April 28, 2008, shares	138,000
Net (loss)			$ (86,542)	(86,542)
Balance at Jul. 31, 2008	$ 2,988	$ 138,112	$ (86,542)	$ 2,988
Balance, shares at Jul. 31, 2008	2,988,000			2,988,000
Balance at Apr. 01, 2008
Balance, shares at Apr. 01, 2008
Net (loss)				$ (252,754)
Balance at Apr. 30, 2015	$ 3,018	$ 235,613	$ (252,754)	5,877
Balance, shares at Apr. 30, 2015	3,018,000
Balance at Jul. 31, 2008	$ 2,988	138,112	(86,542)	$ 2,988
Balance, shares at Jul. 31, 2008	2,988,000			2,988,000
Net (loss)			(36,247)	$ (36,247)
Balance at Jul. 31, 2009	$ 2,988	138,112	(122,789)	18,311
Balance, shares at Jul. 31, 2009	2,988,000
Shares issued for cash at $0.0166 per share, January 25, 2010	$ 24	376		400
Shares issued for cash at $0.0166 per share, January 25, 2010, shares	24,000
Net (loss)			(24,935)	(24,935)
Balance at Jul. 31, 2010	$ 3,012	138,488	(147,724)	$ (6,224)
Balance, shares at Jul. 31, 2010	3,012,000
Shares issued in exchange for assets, April 2, 2008
Net (loss)			(30,380)	$ (30,380)
Balance at Jul. 31, 2011	$ 3,012	138,488	(178,104)	$ (36,604)
Balance, shares at Jul. 31, 2011	3,012,000
Shares issued in exchange for assets, April 2, 2008
Net (loss)			(21,826)	$ (21,826)
Capital contributions - related parties		57,131		57,131
Balance at Jul. 31, 2012	$ 3,012	195,619	(199,930)	$ (1,299)
Balance, shares at Jul. 31, 2012	3,012,000
Shares issued in exchange for assets, April 2, 2008
Net (loss)			(17,233)	$ (17,233)
Capital contributions - related parties		20,000		20,000
Balance at Jul. 31, 2013	$ 3,012	215,619	(217,163)	1,468
Balance, shares at Jul. 31, 2013	3,012,000
Adjustment to number of shares issued and outstanding	6,000
Adjustment to number of shares issued and outstanding, amount	$ 6	(6)
Net (loss)			(20,782)	(20,782)
Capital contributions - related parties		20,000		20,000
Balance at Jul. 31, 2014	$ 3,018	235,613	(237,944)	687
Balance, shares at Jul. 31, 2014	3,018,000
Net (loss)			(14,810)	(14,810)
Capital contributions - related parties		20,000		20,000
Balance at Apr. 30, 2015	$ 3,018	$ 235,613	$ (252,754)	$ 5,877
Balance, shares at Apr. 30, 2015	3,018,000

CONDENSED STATEMENT OF CHANGES6

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (Parenthetical) - $ / shares	4 Months Ended	12 Months Ended
	Jul. 31, 2008	Jul. 31, 2010
Statement of Stockholders' Equity [Abstract]
Shares issued on April 2, 2008, price per share	$ 0.094
Shares issued on April 28, 2008, price per share	$ 0.0833
Shares issued on January 25, 2010, price per share		$ 0.0166

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended		85 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015
Cash flows from operating activities:
Net (loss)	$ (14,810)	$ (17,298)	$ (252,754)
Adjustments to reconcile net (loss) to net cash used by operating activities:
Impairment			59,400
Depreciation	$ 161		161
Stock issued for services			$ 20,500
Changes in operating assets and liabilities:
Increase/(decrease) in accounts payable	$ (1,413)	$ (1,516)
Net cash (used in) operating activities	(16,062)	$ (18,814)	$ (172,693)
Cash flows from investing activities:
Purchase of fixed assets	(2,792)		(3,092)
Net cash (used in) investing activities	(2,792)		$ (3,092)
Cash flows from financing activities:
Increase / (decrease) in advances from officer	(227)
Capital contribution from shareholders	$ 20,000	$ 20,000	$ 117,131
Cash proceeds from sale of stock			61,900
Net cash provided by financing activities	$ 19,773	$ 20,000	179,031
Net increase (decrease) in cash and equivalents	919	1,186	$ 3,246
Cash and equivalents at beginning of period	2,327	3,515
Cash and equivalents at end of period	$ 3,246	$ 4,701	$ 3,246
Supplemental Cash Flow Information
Interest paid
Income taxes paid
Non-cash investing and financing activities:
Shares issued in exchange for website domain names, membership base and software			$ 59,100

1 NATURE OF OPERATIONS AND SUMM

1 NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Apr. 30, 2015
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. The Company has been in the development stage since its formation and has not yet realized revenues from its planned operations. It plans to develop photographic sharing and networking through its website PhotoAmigo.com. Summary of Significant Accounting Policies Interim Financial Information: Development Stage Company: Use of Estimates: Cash and Cash Equivalents: Fair Value of Financial Instruments: The three levels of the fair value hierarchy are described below: Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable data by correlation or other means. Level 3 Inputs that are both significant to the fair value measurement and unobservable. The carrying value of cash, accounts payable and advance from officer approximates their fair value due to their short-term maturity. Income Taxes: Revenue Recognition: PhotoAmigo will recognize revenue in accordance with the Accounting Standards Codification guidance for, "Revenue Recognition". In all cases, revenue will be recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the amount is reasonably assured. Certain insignificant amounts collected during the development, testing, and implementation phases are recorded as a recovery of development expense. Deferred revenue will be recorded when amounts are received from customers for future subscriptions. The deferred amounts will be subsequently recognized as income each month based on the pro-rata portion of the prepaid subscription that has been fulfilled. Advertising costs Concentration of Credit Risk: Stock-based Compensation: Income (Loss) Per Share: Recent Accounting Pronouncements:

GOING CONCERN

GOING CONCERN	9 Months Ended
	Apr. 30, 2015
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's operations are in the development stage and it has incurred losses since inception (April 2, 2008), resulting in an accumulated deficit of $252,754 as of April 30, 2015. 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, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	3. Related Party Transactions From time to time, PhotoAmigo receives funds by way of loan from its sole executive officer to cover temporary working capital requirements, the advances bear no interest, are unsecured and due on demand. As of April 30, 2015, the outstanding balance of advances from its sole executive officer was $-0-,as the loan was repaid in full during the nine months ended April 30, 2015. 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. During the nine months ended April 30, 2015, four shareholders contributed $20,000 to fund the Company's ongoing activities. The shareholders have not received any equity for these contributions and the contributions are not repayable. Accordingly these contributions have been credited to additional paid in capital. During the nine months ended April 30, 2014, an identical $20,000 capital contributions were made to the Company by these shareholders.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Apr. 30, 2015
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 ) $ - April 30, 2015 $ 15,000 2035 $ 3,000 $ ( 3,000 ) $ ( 3,000 ) $ - Income taxes at the statutory rate are reconciled to reported income tax expense (benefit) as follows: 2015 2014 Income tax benefit at statutory rate (20%) (20%) Deferred income tax calculation allowance 20% 20% 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, 2015
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 three and nine months ended April 30, 2015 or 2014. There were 3,018,000 shares of common stock issued and outstanding at April 30, 2015. Additional Paid In Capital During the nine months ended April 30, 2015, four shareholders contributed $20,000 to fund the Company's ongoing activities. The shareholders have not received any equity for these contributions and the contributions are not repayable. Accordingly these contributions have been credited to additional paid in capital. Similarly, during the nine months ended April 30, 2014, capital contributions of $20,000 were made to the Company by the same shareholders.

Subsequent Events

Subsequent Events	9 Months Ended
	Apr. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	6. Subsequent Events In accordance with ASC 855 , "Subsequent Events"

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Apr. 30, 2015
Accounting Policies [Abstract]
Interim Financial Information:	Interim Financial Information:
Development Stage Company	Development Stage Company:
Use of Estimates	Use of Estimates:
Cash and Cash Equivalents	Cash and Cash Equivalents:
Fair Value of Financial Instruments	Fair Value of Financial Instruments: The three levels of the fair value hierarchy are described below: Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable data by correlation or other means. Level 3 Inputs that are both significant to the fair value measurement and unobservable. The carrying value of cash, accounts payable and advance from officer approximates their fair value due to their short-term maturity.
Revenue Recognition	Revenue Recognition: PhotoAmigo will recognize revenue in accordance with the Accounting Standards Codification guidance for, "Revenue Recognition". In all cases, revenue will be recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the amount is reasonably assured. Certain insignificant amounts collected during the development, testing, and implementation phases are recorded as a recovery of development expense. Deferred revenue will be recorded when amounts are received from customers for future subscriptions. The deferred amounts will be subsequently recognized as income each month based on the pro-rata portion of the prepaid subscription that has been fulfilled.
Advertising Costs	Advertising costs
Concentration of Credit Risk	Concentration of Credit Risk:
Stock-based Compensation	Stock-based Compensation:
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, 2015
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 ) $ - April 30, 2015 $ 15,000 2035 $ 3,000 $ ( 3,000 ) $ ( 3,000 ) $ -
Income Tax Rate	2015 2014 Income tax benefit at statutory rate (20%) (20%) Deferred income tax calculation allowance 20% 20% Reported tax rate 0% 0%

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	9 Months Ended		85 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015
Related Party Transactions [Abstract]
Outstanding balance of advances from officer	$ 0
Contributions from related party shareholders and officers	$ 20,000	$ 20,000	$ 117,131

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Apr. 30, 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 carry-forward	$ 15,000	$ 21,000	$ 17,000	$ 22,000	$ 30,400	$ 25,000	$ 36,200	$ 86,500
Carry-forward expires	2,035	2,034	2,033	2,032	2,031	2,030	2,029	2,028
6	$ 3,000	$ 4,000	$ 3,400	$ 4,000	$ 4,600	$ 3,500	$ 6,900	$ 17,300
Valuation allowance	(3,000)	(4,000)	(3,400)	(4,000)	(4,600)	(3,500)	(6,900)	(17,300)
Change in valuation allowance	$ (3,000)	$ (4,000)	$ (3,400)	$ (4,000)	$ (4,600)	$ (3,500)	$ (6,900)	$ (17,300)
Net tax asset

STOCKHOLDERS' EQUITY (Details N

STOCKHOLDERS' EQUITY (Details Narrative) - USD ($)	9 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Stockholders' equity (deficit):
Cash contribution from shareholders	$ 20,000	$ 20,000

INCOME TAXES (Details Narrati19

INCOME TAXES (Details Narrative2)	9 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Income Tax Disclosure [Abstract]
Income tax benefit at statutory rate	(20.00%)	(20.00%)
Deferred income tax valuation allowance	20.00%	20.00%
Reported tax rate	0.00%	0.00%