| Summary of Significant Accounting Policies | Note 1 - Summary of Significant Accounting Policies: The Company was originally organized in the State of
Delaware on March 24, 2011 as Daedalus Ventures, Inc. In December 2011 the Company completed a merger with
Alpha Network Alliance Ventures Inc. Immediately upon the completion of the merger, the Company changed its name to Alpha Network
Alliance Ventures Inc. The Company is focused on building and operating a
social networking software application and other internet driven applications. The Company builds Social Network Marketing tools
that enable buyers, sellers, users to connect, share, discover and communicate with each other. The software application also allows
its users to post reviews and share shopping and fashion tips and opinions or to integrate their 3 rd The Company’s market is mostly Overseas Contract
Workers (OCW) and majority is from the Philippines. The Company decided that it’s appropriate to sell our KababayanKo.com Premium
Packages membership with products included to be more attractive and lucrative to every affiliate who buys and upgrades to Premium
Packages Membership, and as a result of the promotion they can also purchase the products inside Kababayanko.com Market Place
if they want it more. During 2014, The Company also moved its primary operations
to the Philippines. The purpose of this move was to better centrally locate to its primary market. Additionally, the
Company plans to recognize lower costs and better distribution. Recognizing the efficiency and cost effectivity of
its operations in the Philippines, the company appointed an independent distributor that will primarily handle the distribution
of its product in the Philippines. As a result of this, during 2015, the company has moved its primary operations back in the California,
United States. The Company’s activities are subject to significant
risks and uncertainties, including failing to secure additional funding to operationalize the Company’s market penetration
before another company develops a similar product. The Company is in the development stage as defined under Statement on Financial
Accounting Standards Accounting Standards Codification FASB ASC 915-205 "Development-Stage Entities.” The Company has
adopted the new provision of FASB ASC 915-275 and is not reporting inception to date activities as previously required. Basis of presentation The accompanying financial statements have been prepared
in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations
of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments,
which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company
for the six months ended June 30, 2018 and for the year ended December 31, 2017. Use of estimates The preparation of financial statements in conformity
with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported
amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and cash equivalents The Company maintains a cash balance in a non-interest-bearing
account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid
investments with an original maturity of three months or less are considered to be cash equivalents. There were no cash equivalents
as of June 30, 2018 and December 31, 2017. Fair value of financial instruments and derivative
financial instruments The Company’s financial instruments include cash,
accounts payable, and notes payable. All instruments are accounted for on a historical cost basis, which, due to the short maturity
of these financial instruments, approximates fair value at June 30, 2018 and December 31, 2017. The Company did not engage in any
transaction involving derivative instruments. Inventory Inventory is recorded at the lower of cost or market
and is computed on a first-in first-out basis. The inventory consists of weight loss products, energy and performance solutions
products and healthy aging solution products. Property and Equipment Property and equipment are stated at cost. Major repairs
and betterments are capitalized and normal maintenance and repairs are charged to expense as incurred. Depreciation is computed
by the straight-line method over the estimated useful lives of the related assets. Office and general equipment are depreciated
over useful lives of 10 years and leasehold improvements are depreciated shorter of term lease and useful life of 20 years. Upon
retirement or sale of an asset, the cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected
in operations. Federal income taxes Potential benefits of income tax losses are not recognized
in the accounts until realization is more likely than not. The Company has adopted Accounting Standards Codification 740.10.05
“Accounting for Income Taxes” as of its inception. Pursuant to Accounting Standards Codification 740.10.05, the Company
is required to compute tax asset benefits for net operating losses carried forward. Potential benefits of net operating losses
have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will
utilize the net operating losses carried forward to future years. The U. S. Tax Act known as Tax Cuts and Jobs Act (the “2017
Act”) signed on December 22, 2017 may have changed the consequences to U. S. shareholders that own, or are considered to
own, as a result of the attribution rules, 10% or more of the voting power or value of a non-U. S. corporation ( a “10% U.S.
shareholder) under the U.S. Federal income tax law applicable to owners of U.S. controlled foreign corporations (“CFCs”).
We did not believe any of our shareholders, or our subsidiaries were CFCs, and there will be no such impact for 2017 Act for the
year ended December 31, 2017. Net income per share of common stock Net loss per share is provided in accordance with FASB
ASC 260-10, “Earnings per Share”. Basic net loss per common share ("EPS") is computed by dividing income
available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per
share is computed by dividing net income by the weighted average shares outstanding, assuming all dilutive potential common shares
were issued, unless doing so is anti-dilutive. Common Stock Registration Expenses The Company considers incremental costs and expenses
related to the registration of equity securities with the SEC, whether by contractual arrangement as of a certain date or by demand,
to be unrelated to original issuance transactions. As such, subsequent registration costs and expenses are reflected
in the accompanying financial statements as general and administrative expenses, and are expensed as incurred. Research and Development Costs for research and development, including predevelopment
efforts prior to establishing technological feasibility of software expected to be marketed, are expensed as incurred. Development
costs are capitalized when technological feasibility has been established and anticipated future revenues support the recoverability
of the capitalized amounts. Capitalization stops when the product is available for general release to customers. The Company has
not capitalized any software development, and has expensed these costs as incurred. These costs are included in research and development
expense. Revenue Recognition: The company recognizes revenues when control of the
promised goods or services is transferred to our customers in an amount that reflects the consideration we expect to be entitled
to in exchange for those good or services. The company generates wholesale revenues primarily from sale of products to retailers
or distributors who are mostly Overseas Contract Workers (OCW) and majority is from the Philippines. The company typically extend
credit terms to its wholesale customers based on their creditworthiness and generally do not receive advance payments. As such,
we record accounts receivable at the time of shipment, when our right to the consideration becomes unconditional. Accounts receivable
from our wholesale customers are typically due within 30 to 60 days of invoicing. An allowance for doubtful accounts is provided
based on a periodic analysis of individual accounts balances, including an evaluation of days outstanding, payment history, recent
payment trends, and the company’s assessment of its customers’ creditworthiness, As of June 30, 2018 and December 31,
2017, no allowance for doubtful accounts has been provided. Recently Issued Accounting Pronouncements: For six months ended June 30, 2018 and for the year ended December 31, 2017,
the Company does not expect any of the recently issued accounting pronouncements to have a material impact on its financial condition
or results of operations. |
