Waste Energy (WAST) 10-Q 20 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	1-May-14
Document And Entity Information [Abstract]	'	'
Entity Registrant Name	'RedStone Literary Agents, Inc.	'
Entity Central Index Key	'0001515139	'
Trading Symbol	'rdla	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	6,000,000
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Condensed_Balance_Sheets

Condensed Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
Current Assets	'	'
Cash & cash equivalents	$9,154	$23,665
Total current assets	9,154	23,665
Total Assets	9,154	23,665
Current Liabilities	'	'
Accounts payable	'	100
Loans from related party	9,622	9,527
Total current liabilities	9,622	9,627
Total Liabilities	9,622	9,627
Stockholders' Equity (Deficit)	'	'
Common stock, $0.001 par value, 75,000,000 shares authorized; 6,000,000 shares issued and outstanding:	6,000	6,000
Additional paid-in-capital	54,000	54,000
Deficit accumulated during the development stage	-60,468	-45,962
Total Stockholders' Equity (Deficit)	-468	14,038
Total Liabilities and Stockholders' Equity (Deficit)	$9,154	$23,665

Condensed_Balance_Sheets_Paren

Condensed Balance Sheets (Parentheticals) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	6,000,000	6,000,000
Common stock, shares outstanding	6,000,000	6,000,000

Condensed_Statement_of_Operati

Condensed Statement of Operations (Unaudited) (USD $)	3 Months Ended				44 Months Ended
	Mar. 31, 2014		Mar. 31, 2013		Mar. 31, 2014
Income Statement [Abstract]	'		'		'
Revenue	'		'		$11,150
General and administrative expenses	'		'		'
Bank charges and interest	155		51		1,454
Consulting fees	450		450		12,830
Professional fees	2,000		3,250		27,200
Filing fees	11,901		808		20,557
Office expenses	'		'		9,577
Total general and administrative expenses	14,506		4,559		71,618
Net loss from operations	-14,506		-4,559		-60,468
Provision for taxes	'		'		'
Net loss	($14,506)		($4,559)		($60,468)
Loss per common share - basic and diluted (in dollars per share)	$0	[1]	$0	[1]	'
Weighted average number of common shares outstanding - basic and diluted (in shares)	6,000,000		6,000,000		'
[1]	denotes a loss of less than $(0.01) per share.

Condensed_Statement_of_Changes

Condensed Statement of Changes in Stockholders' Equity (Deficit) (Unaudited) (USD $)	Common Shares	Additional Paid-in Capital	Total Capital Stock	Deficit Accumulated During the Development Stage	Total
Balance at Jul. 20, 2010	'	'	'	'	'
Balance (in shares) at Jul. 20, 2010	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Common Shares issued for cash at $0.005 on July 20, 2010 and $0.015 on January 27, 2012 for December 31, 2010 and 2012 respectively	3,000	12,000	15,000	'	15,000
Common Shares issued for cash at $0.005 on July 20, 2010 and $0.015 on January 27, 2012 for December 31, 2010 and 2012 respectively (in shares)	3,000,000	'	'	'	'
Share subscription receivable	'	'	-5,000	'	-5,000
Net loss	'	'	'	-770	-770
Balance at Dec. 31, 2010	3,000	12,000	10,000	-770	9,230
Balance (in shares) at Dec. 31, 2010	3,000,000	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Net loss	'	'	'	-13,310	-13,310
Balance at Dec. 31, 2011	3,000	12,000	10,000	-14,080	-4,080
Balance (in shares) at Dec. 31, 2011	3,000,000	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Common Shares issued for cash at $0.005 on July 20, 2010 and $0.015 on January 27, 2012 for December 31, 2010 and 2012 respectively	3,000	42,000	45,000	'	45,000
Common Shares issued for cash at $0.005 on July 20, 2010 and $0.015 on January 27, 2012 for December 31, 2010 and 2012 respectively (in shares)	3,000,000	'	'	'	'
Share subscription received	'	'	5,000	'	5,000
Net loss	'	'	'	-13,292	-13,292
Balance at Dec. 31, 2012	6,000	54,000	60,000	-27,372	32,628
Balance (in shares) at Dec. 31, 2012	6,000,000	'	'	'	6,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Net loss	'	'	'	-18,590	-18,590
Balance at Dec. 31, 2013	6,000	54,000	60,000	-45,962	14,038
Balance (in shares) at Dec. 31, 2013	6,000,000	'	'	'	6,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Net loss	'	'	'	-14,506	-14,506
Balance at Mar. 31, 2014	$6,000	$54,000	$60,000	($60,468)	($468)
Balance (in shares) at Mar. 31, 2014	6,000,000	'	'	'	6,000,000

Condensed_Statement_of_Changes1

Condensed Statement of Changes in Stockholders' Equity (Deficit) (Unaudited) (Parentheticals) (USD $)	6 Months Ended	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2012
Statement of Stockholders' Equity [Abstract]	'	'
Common shares issued for cash, per share	$0.01	$0.02

Condensed_Statements_of_Cash_F

Condensed Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended		44 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014
Cash derived from (used for) Operating activities	'	'	'
Net loss for the period	($14,506)	($4,559)	($60,468)
Changes in operating assets and liabilities	'	'	'
Accounts payable	-100	'	'
Net cash (used in) operating activities	-14,606	-4,559	-60,468
Investing activities	'	'	'
Net cash provided by (used in) investing activities	'	'	'
Financing activities	'	'	'
Proceeds from sale of common stock	'	'	60,000
Proceeds from loans from related party	95	'	9,622
Net cash provided by financing activities	95	'	69,622
Net changes in cash and equivalents	-14,511	-4,559	9,154
Cash and equivalents at beginning of the period	23,665	41,789	'
Cash and equivalents at end of the period	$9,154	$37,230	$9,154

NATURE_AND_CONTINUANCE_OF_OPER

NATURE AND CONTINUANCE OF OPERATIONS	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
NATURE AND CONTINUANCE OF OPERATIONS	'
	1.   NATURE AND CONTINUANCE OF OPERATIONS
	Redstone Literary Agents, Inc. ("the Company") was incorporated under the laws of State of Nevada on July 20, 2010 (Inception) with an authorized share capital of 75,000,000 shares of common stock with a par value of $0.001.  The Company's year-end is December 31.  The Company is in the development stage of its publishing service business.
	Going Concern
	These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future.  The Company has incurred losses since Inception resulting in an accumulated deficit of $60,468 as at March 31, 2014 and further losses are anticipated in the development of its business raising substantial doubt about the Company's ability to continue as a going concern.  The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or, obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and, or, the private placement of shares of the Company's common stock.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	2   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.
	Development Stage Company
	The Company is a development stage company in accordance with Financial Accounting Standards Codification ("ASC") 915 "Development Stage Entities".  Among  the  disclosures  required  as  a development  stage company are that our financial  statements  are identified as those of a development  stage  company and that the  statements of operations, changes in stockholders'  equity (deficit) and cash flows  disclose  activity  since the date of our Inception (July 20, 2010) as a development stage company.
	Use of Estimates and Assumptions
	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 amounts of revenues and expenses during the period.  Actual results could differ from those estimates.
	Income Taxes
	The Company follows the liability method of accounting for income taxes.  Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences).  The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
	At March 31, 2014, a full deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded.
	Earning Per Share
	The Company computes loss per share in accordance with ASC 105, "Earnings per Share" which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.
	The Company had no potential dilutive debt or equity instruments issued and outstanding during the three months ended March 31, 2014 or 2013 and accordingly basic loss per share and identical to diluted loss per share.
	Stock-based Compensation
	The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.
	Cash and Cash Equivalents
	For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.
	Dividends
	The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during any of the periods shown.
	Impairment of Long-Lived Assets
	The Company, when applicable, continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.
	Financial Instruments
	Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability.  ASC 820-10 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. ASC 820 establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels:
	Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and must be used to measure fair value whenever available.
	Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
	Level 3: Significant unobservable inputs which reflect a reporting entity's own assumptions about the assumptions that market participants would use for pricing an asset or liability. For example, level 3 inputs would relate to forecasts of future earnings and cash flows used in a discounted future cash flows method.
	The recorded amounts of financial instruments, including accounts payable and loans from related party approximate their market values as of March 31, 2014 because of the short maturity of these instruments.
	Recent accounting pronouncements
	We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe that the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of our operations.
	Reclassifications :
	Certain amounts previously presented for prior periods have been reclassified. The reclassifications had no effect on net loss, total assets, or total shareholders' equity.

COMMON_STOCK

COMMON STOCK	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity Note [Abstract]	'
COMMON STOCK	'
	3.   COMMON STOCK
	The total number of common shares authorized that may be issued by the Company is 75,000,000 shares with a par value of one tenth of one cent ($0.001) per share and no other class of shares is authorized.
	As of March 31, 2014, the Company has issued 6,000,000 shares of common stock for total cash proceeds of $60,000.
	At March 31, 2014, there were no outstanding stock options or warrants.

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	4.   INCOME TAXES
	As of March 31, 2014, the Company had net operating loss carry forwards of approximately $60,468 that may be available to reduce future years' taxable income, expiring 2030 through 2034. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	5.   RELATED PARTY TRANSACTIONS
	In support of the Company's efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders.  Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.
	As of March 31, 2014, the Company had a loan outstanding with one of the Company's shareholders in the amount of $9,622 with a 4% annual interest rate. The loan is unsecured and due on demand.

SUBSEQUENT_EVENT

SUBSEQUENT EVENT	3 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
SUBSEQUENT EVENT	'
	6.   SUBSEQUENT EVENT
	In accordance with ASC 855-10, "Subsequent Events" the Company has analyzed its operations subsequent to December 31, 2013 to the date these financial statements were available to be issued on May 20, 2014, and has determined that it does not have any material subsequent events to disclose in these financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.
Development Stage Company	'
	Development Stage Company
	The Company is a development stage company in accordance with Financial Accounting Standards Codification ("ASC") 915 "Development Stage Entities".  Among  the  disclosures  required  as  a development  stage company are that our financial  statements  are identified as those of a development  stage  company and that the  statements of operations, changes in stockholders'  equity (deficit) and cash flows  disclose  activity  since the date of our Inception (July 20, 2010) as a development stage company.
Use of Estimates and Assumptions	'
	Use of Estimates and Assumptions
	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 amounts of revenues and expenses during the period.  Actual results could differ from those estimates.
Income Taxes	'
	Income Taxes
	The Company follows the liability method of accounting for income taxes.  Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences).  The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
	At March 31, 2014, a full deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded.
Earning Per Share	'
	Earning Per Share
	The Company computes loss per share in accordance with ASC 105, "Earnings per Share" which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.
	The Company had no potential dilutive debt or equity instruments issued and outstanding during the three months ended March 31, 2014 or 2013 and accordingly basic loss per share and identical to diluted loss per share.
	Stock-based Compensation
	The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents.
Dividends	'
	Dividends
	The Company has not adopted any policy regarding payment of dividends. No dividends have been paid during any of the periods shown.
Impairment of Long-Lived Assets	'
	Impairment of Long-Lived Assets
	The Company, when applicable, continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell.
Financial Instruments	'
	Financial Instruments
	Fair value measurements are determined based on the assumptions that market participants would use in pricing an asset or liability.  ASC 820-10 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. ASC 820 establishes a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels:
	Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and must be used to measure fair value whenever available.
	Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
	Level 3: Significant unobservable inputs which reflect a reporting entity's own assumptions about the assumptions that market participants would use for pricing an asset or liability. For example, level 3 inputs would relate to forecasts of future earnings and cash flows used in a discounted future cash flows method.
	The recorded amounts of financial instruments, including accounts payable and loans from related party approximate their market values as of March 31, 2014 because of the short maturity of these instruments.
Recent accounting pronouncements	'
	Recent accounting pronouncements
	We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe that the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of our operations.
Reclassifications	'
	Reclassifications :
	Certain amounts previously presented for prior periods have been reclassified. The reclassifications had no effect on net loss, total assets, or total shareholders' equity.

NATURE_AND_CONTINUANCE_OF_OPER1

NATURE AND CONTINUANCE OF OPERATIONS (Detail Textuals) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'	'
Authorized share capital (in shares)	75,000,000	75,000,000
Common stock, par value (in dollars per share)	$0.00	$0.00
Deficit accumulated during the development stage	($60,468)	($45,962)

COMMON_STOCK_Detail_Textuals

COMMON STOCK (Detail Textuals) (USD $)	3 Months Ended	44 Months Ended
	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Stockholders' Equity Note [Abstract]	'	'	'
Common stock, shares authorized	75,000,000	75,000,000	75,000,000
Common stock, par value (in dollars per share)	$0.00	$0.00	$0.00
Stock issued during period	6,000,000	'	'
Proceeds from sale of common stock	'	$60,000	'

INCOME_TAXES_Detail_Textuals

INCOME TAXES (Detail Textuals) (USD $)	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Net operating loss carry forwards	$60,468

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Detail Textuals) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Related Party Transactions [Abstract]	'	'
Loans from related party	$9,622	$9,527
Percentage of interest rate	4.00%	'