Astika (ASKH) 10-Q 19 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 14, 2014
Document And Entity Information	'	'
Entity Registrant Name	'ASTIKA HOLDINGS INC.	'
Entity Central Index Key	'0001511161	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	11,077,750
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2014	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and Cash Equivalents	'	'
Accounts receivable	20	20
Total current assets	20	20
Equipment net of depreciation	1,998	2,558
Intangible assets, net of amortization	4,389	4,733
Total assets	6,407	7,311
Current liabilities:	'	'
Accounts Payable and Accrued Expenses	4,503	5,963
Loan payable	1,207	1,162
Loan payable- related party	14,769	'
Total current liabilities	20,479	7,125
Shareholders' Equity (Deficit)	'	'
Preferred Stock: 10,000,000 shares authorized; par value $0.001; zero issued and outstanding	'	'
Common Stock: 140,000,000 shares authorized; par value $0.001; 11,077,750 issued and outstanding at September 30, 2014 and December 31, 2013	11,078	11,078
Additional paid in capital	112,782	112,782
Accumulated deficit	-137,932	-123,674
Total Shareholders' Equity (Deficit)	-14,072	186
Total Liabilities and Shareholders' Equity	$6,407	$7,311

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Shareholders' equity:	'	'
Preferred Stock Shares Authorized	10,000,000	10,000,000
Preferred Stock Par Value	$0.00	$0.00
Preferred Stock Issued	0	0
Preferred Stock Outstanding	0	0
Common Stock Shares Authorized	140,000,000	140,000,000
Common Stock Par Value	$0.00	$0.00
Common Stock Issued	11,077,750	11,077,750
Common Stock Outstanding	11,077,750	11,077,750

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
REVENUE	'	'	'	'
Revenues	'	$283	'	$1,335
Cost of revenues	'	'	'	'
TOTAL REVENUE	'	283	'	1,335
OPERATING EXPENSES	'	'	'	'
Selling, general & administrative	3,943	14,383	13,869	61,074
Amortization of intangible assets	115	115	344	344
Total operating expenses	4,058	14,498	14,213	61,418
OPERATING LOSS	-4,058	-14,215	-14,213	-60,083
Interest Expense	-15	-14	-45	-65
NET (LOSS)	($4,073)	($14,229)	($14,258)	($60,148)
Basic and Diluted Net Loss per Common Share	$0	$0	$0	$0
Weighted Average Number of Common Shares	11,077,750	11,077,750	11,077,750	11,077,750

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
OPERATING ACTIVITIES:	'	'
Net loss	($14,258)	($60,148)
Adjustments to reconcile net Income to net cash used in operating activities:	'	'
Amortization	344	344
Depreciation	560	479
Interest expense	45	65
Changes in operating assets and liabilities:	'	'
Accounts receivable	'	133
Accounts payable and accrued expenses	-1,460	-8,050
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	-14,769	-67,177
INVESTING ACTIVITIES	'	'
Cash paid for equipment	'	-939
NET CASH USED IN INVESTING ACTIVITIES	'	-939
FINANCING ACTIVITIES	'	'
Repayment of debt	'	-1,000
Advances- related party	14,769	'
NET CASH PROVIDED BY FINANCING ACTIVITIES	14,769	-1,000
NET INCREASE (DECREASE) IN CASH	'	-69,116
CASH, BEGINNING OF PERIOD	'	77,130
CASH, END OF PERIOD	'	8,014
Supplemental cash flow information and noncash financing activities:	'	'
Cash paid for-Taxes paid	'	'
Cash paid for-Interest paid	'	'

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2014
Basis Of Presentation	'
NOTE 1 - BASIS OF PRESENTATION	'
	The accompanying unaudited interim financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission for the presentation of interim financial information, but do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements.  The audited financial statements for the years ended December 31, 2013 and 2012 are included in Annual Report on Form 10-K of Astika Holdings, Inc. which was filed on April 14, 2014, with the Securities and Exchange Commission and are hereby referenced.  In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.  Operating results for the six month period ended September 30, 2014 are not necessarily indicative of the results that may be expected for the year ended December 31, 2014.

GOING_CONCERN

GOING CONCERN	9 Months Ended
	Sep. 30, 2014
Going Concern	'
NOTE 2- GOING CONCERN	'
	The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business.  The Company has not yet established an ongoing source of revenue sufficient to cover its operating costs and allow it to continue as a going concern.  The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.  These factors raise substantial doubt about the Company’s ability to continue as a going concern.
	In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plans focus is on a variety of strategic acquisitions in service, agriculture and industrial companies to compliment and grow Astika Holdings, Inc.’s business.  The Company is positioning to capture the next wave of growth companies from Asia. As the centerpieces for Astika Holdings in Asia, the focus is on rapid economic growth and increased foreign investment sector companies which management believes is poised for accelerated economic growth with national modernization.  Astika’s planned focus is also on adding value through successful project development, efficient operations, and opportunistic acquisitions while maintaining a low risk profile through project diversification, astute financial management and operating in secure. to obtain such resources for the Company include (i) obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses; (ii) obtaining funding from outside sources through the sale of its debt and/or equity securities; and (iii) completing a merger with or acquisition of an existing operating company.  However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

LOAN_TRANSACTION

LOAN TRANSACTION	9 Months Ended
	Sep. 30, 2014
Loan Transaction	'
NOTE 3 - LOAN TRANSACTION	'
	The Company purchased a recorded music compilation from EuGene Gant for a purchase price of $5,000 pursuant to a Bill of Sale and Assignment dated June 15, 2012, an Exclusive Songwriter Agreement dated June 15, 2012, and a Promissory Note that the Company concurrently executed and delivered to him on the same date.  The Company made a payment to Mr. Gant in the amount of $1,000 on June 15, 2012 and $2,000 on October 1, 2012, and $1,000 on June 15, 2013, and the remaining $1,000 principal amount under Promissory Note bears interest at five percent (5%) per annum, and there is one remaining principal installment payment in the amount of $1,000 due.  Accrued and unpaid interest on the Promissory Note is also due in the amount of $45 for the period ended September 30, 2014 and $79 for the year ended December 31, 2013.  As of September 30, 2014 and December 31, 2013, total outstanding short-term debt is $1,207 and $1,162, respectively.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2014
Related Party Transactions	'
NOTE 4 - RELATED PARTY TRANSACTIONS	'
	At September 30, 2014, an officer has paid expenses on behalf of the Company in the amount of $14,769.  The advances are payable on demand and carry no interest.

INTANGIBLE_ASSETS

INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2014
Intangible Assets	'
NOTE 5 - INTANGIBLE ASSETS	'
	The Company has capitalized costs in acquiring intangible properties which consisted of the following at September 30, 2014 and December 31, 2013:
		30-Sep-14		31-Dec-13
	Rights to Musical Compositions in BMI Catalog	$	500	$	500
	Rights to Eugenius SOL Presents:  Green and Healthy		5,000		5,000
	Accumulated Amortization		-1,111		-767
	Intangible Assets, Net	$	4,389	$	4,733
	The music catalog rights of the Company are being amortized using the straight-line method over the estimated useful life of twelve years.

INTANGIBLE_ASSETS_Tables

INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2014
Intangible Assets Tables	'
Schedule of Capitalized Costs Acquiring Intangible Assets	'
	The Company has capitalized costs in acquiring intangible properties which consisted of the following at September 30, 2014 and December 31, 2013:
		30-Sep-14		31-Dec-13
	Rights to Musical Compositions in BMI Catalog	$	500	$	500
	Rights to Eugenius SOL Presents:  Green and Healthy		5,000		5,000
	Accumulated Amortization		-1,111		-767
	Intangible Assets, Net	$	4,389	$	4,733

LOAN_TRANSACTION_Details_Narra

LOAN TRANSACTION (Details Narrative) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Loan Transaction Details Narrative	'	'
Accrued and unpaid interest on the Promissory Note	$45	$79
Total outstanding short-term debt	$1,207	$1,162

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	Sep. 30, 2014
Related Party Transactions Details Narrative	'
Expenses Paid	$14,769

INTANGIBLE_ASSETS_Details

INTANGIBLE ASSETS (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Intangible Assets Details	'	'
Rights to Musical Compositions in BMI Catalog	$500	$500
Rights to Eugenius SOL Presents: Green and Healthy	5,000	5,000
Accumulated Amortization	-1,111	-767
Intangible Assets, Net	$4,389	$4,733