Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended |
Sep. 30, 2013 | |
Document and Entity Information | ' |
Entity Registrant Name | 'SECURE NetCheckIn Inc. |
Document Type | '10-Q |
Document Period End Date | 30-Sep-13 |
Amendment Flag | 'false |
Entity Central Index Key | '0001516805 |
Current Fiscal Year End Date | '--12-31 |
Entity Common Stock, Shares Outstanding | 3,305,000 |
Entity Filer Category | 'Smaller Reporting Company |
Entity Current Reporting Status | 'No |
Entity Voluntary Filers | 'No |
Entity Well-known Seasoned Issuer | 'No |
Document Fiscal Year Focus | '2013 |
Document Fiscal Period Focus | 'Q3 |
Condensed_Balance_Sheet_Unaudi
Condensed Balance Sheet (Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Assets, Current | ' | ' |
Cash | $28 | $271 |
Subscriptions Receivable, net | 0 | 0 |
Property Equipment | 495 | 495 |
Assets, Current | 523 | 766 |
Assets | 523 | 766 |
Liabilities, Current | ' | ' |
Accounts Payable, Current | 12,047 | 550 |
Liabilities, Current | 12,047 | 550 |
Liabilities | 12,047 | 550 |
Stockholders' Equity (Deficit) | ' | ' |
Preferred Stock, $0.001 par value, Authorized | 75,000,000 | 75,000,000 |
Preferred Stock, Shares Issued & Outstanding | 0 | 0 |
Preferred Stock, Value Issued & Outstanding | 0 | 0 |
Common Stock, $0.001 par value, Authorized | 425,000,000 | 425,000,000 |
Common Stock, Shares Issued & Outstanding | 3,305,000 | 3,305,000 |
Common Stock, Value Issued & Outstanding | 3,305 | 3,305 |
Additional Paid in Capital | 46,060 | 43,110 |
Retained Earnings (Accumulated Deficit) | -60,889 | -46,199 |
Stockholders' Equity | -11,524 | 216 |
Liabilities and Equity | $523 | $766 |
Condensed_Statement_of_Operati
Condensed Statement of Operations (Unaudited) (USD $) | 8 Months Ended | 9 Months Ended | 33 Months Ended |
Sep. 30, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | |
Revenues | ' | ' | ' |
Sales Revenue, Services, Net | $0 | $0 | $0 |
Revenues | 0 | 0 | 0 |
Cost of Revenue | ' | ' | ' |
Cost of Goods Sold | 0 | 0 | 0 |
Cost of Revenue | 0 | 0 | 0 |
Gross Profit | 0 | 0 | 0 |
Operating Expenses | ' | ' | ' |
General and Administrative Expense | 16,821 | 16,768 | 60,889 |
Operating Expenses | 16,821 | 16,768 | 60,889 |
Operating Income (Loss) | ($16,821) | ($16,768) | ($60,889) |
Earnings Per Share | ' | ' | ' |
Earnings Per Share, Basic and Diluted | $0 | $0 | $0 |
Weighted Average Number of Shares Outstanding, Basic and Diluted | 3,305,000 | 3,305,000 | 3,305,000 |
Condensed_Statement_of_Changes
Condensed Statement of Changes in Stockholders' Income (Loss) (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | 27 Months Ended |
Oct. 11, 2010 | Sep. 30, 2013 | Dec. 31, 2012 | |
Stockholders' Equity, Other | $0 | ($11,524) | $216 |
Stock Issued During Period, Value | 0 | 0 | 3,305 |
Stock Issued During Period, in Shares | 0 | 0 | 3,305,000 |
Additional Paid in Capital | 0 | 2,950 | 43,110 |
Net Income (Loss) | $0 | ($14,689) | ($46,199) |
Condensed_Statement_of_Cash_Fl
Condensed Statement of Cash Flows (Unaudited) (USD $) | 9 Months Ended | 36 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Net Cash Provided by (Used in) Operating Activities | ' | ' | ' |
Net Income (Loss) | ($14,689) | ($16,821) | ($60,889) |
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by Operating Activities | ' | ' | ' |
Increase (Decrease) in Deferred offering costs | 0 | 0 | 0 |
Increase (Decrease) in Accounts Payable | 11,497 | -875 | 12,047 |
Increase (Decrease) in Receivables | 0 | 31,000 | -1,000 |
Increase (Decrease) in Bad Debt - Sub Rev | 0 | 0 | 1,000 |
Increase (Decrease) in IP-Software | 0 | 0 | -495 |
Net Cash Provided by (Used in) Operating Activities | 11,497 | 30,125 | 11,552 |
Net Cash Provided by (Used in) Financing Activities | ' | ' | ' |
Proceeds from Issuance of Common Stock | 0 | 0 | 3,305 |
Proceeds from Additional Paid-in capital | 2,950 | 0 | 46,060 |
Net Cash Provided by (Used in) Financing Activities | 2,950 | 0 | 49,365 |
Cash and Cash Equivalents, Period Increase (Decrease) | -242 | 13,304 | 28 |
Cash and Cash Equivalents, at Carrying Value | 271 | 53 | 0 |
Cash and Cash Equivalents, at Carrying Value | $28 | $13,357 | $28 |
Organization_Consolidation_and
Organization, Consolidation and Presentation of Financial Statements | 3 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements | ' |
Nature of Operations [Text Block] | ' |
Note 1 Nature of Operations and Summary of Significant Accounting Policies | |
Organization | |
Secure NetCheckIn Inc. (the “Company”), was incorporated in the State of Nevada on October 12, 2010. | |
The Company offers a cloud-based scheduling and notification product targeted to urgent care facilities and medical offices to increase the satisfaction of patients in scheduling and timing of appointments. | |
Development Stage | |
The Company is considered to be in the development stage as defined by ASC 915. The Company has devoted substantially all of its efforts to the corporate formation, the raising of capital, and the implementation of the business plan. | |
Basis of Presentation | |
These condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Securities and Exchange Commission (“SEC”) Form 10-Q and Article 8 of SEC Regulation S-X. The principles for interim financial information do not require the inclusion of all the information and footnotes required by generally accepted accounting principles for complete financial statements. Therefore, these condensed financial statements should be read in conjunction with the Company’s audited financial statements on Form 10-K for the years ended December 31, 2011. The condensed financial statements included herein are unaudited; however, in the opinion of management, they contain all normal recurring adjustments necessary for a fair statement of the condensed results for the interim periods. Operating results for the nine month period ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013. | |
Cash and Cash Equivalents | |
The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At September 30, 2013, cash and cash equivalents include cash on hand and cash in the bank and the FDIC insures these deposits up to $250,000. | |
Risks and Uncertainties | |
The Company intends to operate in an industry that is subject to rapid change. The Company's operations will be subject to significant risk and uncertainties including financial, operational, technological, regulatory and other risks, including the potential risk of business failure. | |
Use of Estimates | |
The preparation of financial statements in conformity with U.S. 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 reporting period. | |
Cash and Cash Equivalents | |
The Company considers all highly liquid instruments purchased with a maturity of three months or less and money market accounts to be cash equivalents. At September 30, 2013, the Company had no cash equivalents. | |
Revenue Recognition | |
The Company has not generated any revenues since entering the development stage. It is the Company's policy that revenues will be recognized in accordance with ASC Topic 605-10-25, "Revenue Recognition". Under ASC Topic 605-10-25, product revenues (or service revenues) are recognized when persuasive evidence of an arrangement exists, delivery has occurred (or service has been performed), the sales price is fixed and determinable, and collectability is reasonably assured. | |
Share-Based Compensation | |
The Company accounts for share-based compensation in accordance with Accounting Standards Codification subtopic 718-10, Stock Compensation (“ASC 718-10”). This requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors, including employee stock options and employee stock purchases related to an Employee Stock Purchase Plan based on the estimated fair values. | |
As of September 30, 2013, there were no outstanding employee stock options. | |
Earnings (Loss) per Share | |
Basic net loss per common share is computed using the weighted average number of common shares outstanding. Diluted loss per share reflects the potential dilution from common stock equivalents, such as stock issuable pursuant to the exercise of stock options and warrants. There were no dilutive potential common shares as of September 30, 2013. Because the Company has incurred net losses and there are no potential dilutive shares, basic and diluted loss per common share are the same. | |
Fair Value of Financial Instruments | |
The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. | |
The following are the hierarchical levels of inputs to measure fair value: | |
· Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. | |
· Level 2: Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means. | |
· Level 3: Unobservable inputs reflecting the Company’s assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available. | |
The Company's financial instruments consisted primarily of cash and accounts payable. The carrying amounts of the Company's financial instruments generally approximate their fair values as of September 30, 2013, due to the short-term nature of these instruments. | |
Income Taxes | |
The Company has adopted Accounting Standards Codification subtopic 740-10, Income Taxes (“ASC 740-10”). ASC 740-10 requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statement or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Valuation allowances are established, when necessary, to reduce deferred tax assets to amounts that are expected to be realized. | |
The Company adopted the provisions of FASB Interpretation No. 48; “Accounting For Uncertainty In Income Taxes” – An Interpretation of ASC Topic 740 ("FIN 48"). FIN 48 contains a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not, that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount, which is more than 50% likely of being realized upon ultimate settlement. The Company considers many factors when evaluating and estimating the Company's tax positions and tax benefits, which may require periodic adjustments. At September 30, 2013 and December 31, 2012, the Company did not record any liabilities for uncertain tax positions. | |
Recent Accounting Pronouncements | |
Management does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow. | |
Going Concern Note | ' |
Note 2 Going Concern | |
The accompanying financial statements as of September 30, 2013 have been prepared assuming the Company will continue as a going concern. The Company has a net loss, has a working capital deficit and has an accumulated deficit of $60,889 at September 30, 2013. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue its operations is dependent on Management's plans, which may include the raising of capital through debt and/or equity markets with some additional funding from other traditional financing sources, which may include term notes, until such time that funds provided by operations are sufficient to fund working capital requirements. The Company may need to incur liabilities with certain related parties to sustain the Company’s existence. | |
The Company will require additional funding to finance the growth of its current and expected future operations as well as to achieve its strategic objectives. The Company believes its current available cash along with anticipated revenues may be insufficient to meet its cash needs for the near future. There can be no assurance that financing will be available in amounts or terms acceptable to the Company, if at all. | |
The accompanying condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern. The asset and liability carrying amounts in the accompanying financial statements do not purport to represent realizable or settlement values. | |
Use of Estimates | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. | |
Income_Taxes
Income Taxes | 3 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Income Taxes | ' | ||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||
Note 4. Income Taxes | |||||||||||
The Company adopted ASC Topic 740 which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the financial statement or tax returns. Under this method, deferred tax liabilities and assets are determined based on the difference between financial statements and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Temporary differences between taxable income reported for financial reporting purposes and income tax purposes are insignificant. | |||||||||||
For income tax reporting purposes, the Company's aggregate unused net operating losses approximate $60,889 which expires in various years through 2029, subject to limitations of Section 382 of the Internal Revenue Code, as amended. The Company has provided a valuation reserve against the full amount of the net operating loss benefit, because in the opinion of management based upon the earning history of the Company, it is more likely than not that the benefits will not be realized. | |||||||||||
Under the Tax Reform Act of 1986, the benefits from net operating losses carried forward may be impaired or limited on certain circumstances. Events which may cause limitations in the amount of net operating losses that the Company may utilize in any one year include, but are not limited to, cumulative ownership changes of more than 50% over a three-year period. The impact of any limitations that may be imposed for future issuances of equity securities, including issuances with respect to acquisitions have not been determined. | |||||||||||
The provision (benefit) for income taxes from continued operations for the nine months ended September 30, 2013 and the year ended December 31, 2012 consist of the following: | |||||||||||
2013 | 2012 | ||||||||||
Current: | |||||||||||
Federal | $ | - | $ | - | |||||||
State | - | - | |||||||||
Deferred: | |||||||||||
Federal | 20,702 | 15,708 | |||||||||
State | 2,436 | 1,848 | |||||||||
23,138 | 17,556 | ||||||||||
Valuation allowance | -23,138 | -17,556 | |||||||||
Net | $ | - | $ | - | |||||||
The difference between income tax expense computed by applying the federal statutory corporate tax rate and actual income tax expense is as follows: | |||||||||||
2013 | 2012 | ||||||||||
Statutory federal income tax rate | 34 | % | 34 | % | |||||||
State income taxes and other | 4 | % | 4 | % | |||||||
Change in valuation allowance | -38 | % | -38 | % | |||||||
Effective tax rate | 0 | % | 0 | % | |||||||
Deferred income taxes result from temporary differences in the recognition of income and expenses for the financial reporting purposes and for tax purposes. The tax effect of these temporary differences representing deferred tax asset and liabilities result principally from the following: | |||||||||||
2013 | 2012 | ||||||||||
Net operating loss carry forward | $ | 60,889 | $ | 46,199 | |||||||
Valuation allowance | -60,889 | -46,199 | |||||||||
Deferred income tax asset | $ | – | $ | – | |||||||
Subsequent_Events
Subsequent Events | 3 Months Ended |
Sep. 30, 2013 | |
Subsequent Events | ' |
Subsequent Events [Text Block] | ' |
Note 6 – Subsequent Event | |
None |