Jade Global (JADG) 10-Q 14 Feb 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2016	Feb. 14, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	JADE GLOBAL HOLDINGS, INC.
Entity Central Index Key	1,518,171
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Document Type	10-Q
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		500,032

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Dec. 31, 2016	Mar. 31, 2016
CURRENT ASSETS
Cash and Equivalents	$ 159,940	$ 3,211
Total current assets	159,940	3,211
TOTAL ASSETS	159,940	3,211
CURRENT LIABILITIES
Accounts payable and Accrued Expense	552	6,018
Due to Related Party	160,000	123,001
TOTAL LIABILITIES	160,552	129,019
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 0 shares issued and outstanding
Common stock, $0.001 par value, 25,000,000 shares authorized, 500,032 shares issued and outstanding	50	50
Additional paid in capital	585,644	445,764
Accumulated deficit	(586,306)	(571,622)
Total Stockholders' Deficit	(612)	(125,808)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 159,940	$ 3,211

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Mar. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	500,032	500,032
Common stock, shares outstanding	500,032	500,032

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
REVENUES:
Revenue
OPERATING EXPENSES
Filing Fees	1,562	1,530	3,932	1,988
License Fees				30,000
Bank Service Charges	60		60
Transfer Agent Fees	2,200		2,200	2,150
Professional Fees	(379)	5,958	8,492	14,239
Total Operating Expenses	3,443	7,488	14,684	48,377
LOSS FROM OPERATIONS	(3,443)	(7,488)	(14,684)	(48,377)
NET LOSS BEFORE PROVISION FOR INCOME TAXES	(3,443)	(7,488)	(14,684)	(48,377)
PROVISION FOR INCOME TAXES
NET LOSS	$ (3,443)	$ (7,488)	$ (14,684)	$ (48,377)
Net loss per share - basic and diluted	$ (0.01)	$ (0.01)	$ (0.03)	$ (0.10)
Weighted average number of shares outstanding during the period - basic and diluted	500,032	500,032	500,032	500,032

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (14,684)	$ (48,377)
Changes in operating assets and liabilities:
Decrease / (Increase) in prepaid expense		(1,500)
Decrease / (increase) in accounts payable and accrued expense	(5,467)	29,024
Decrease / (Increase) in due to related party	16,880	23,339
Net Cash Provided By (Used In) Operating Activities	(3,271)	2,486
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable - related party	160,000
Stock offering costs
Net Cash Provided By Financing Activities	160,000
NET INCREASE IN CASH	156,729	2,486
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	3,211	2,945
CASH AND CASH EQUIVALENTS AT END OF PERIOD	159,940	5,431
Non-cash investing & financing activities
Forgiveness of long-term debt related party		300,000
Forgiveness of related party accrued expenses	139,880	123,205
Cash paid for:
Interest expense
Income taxes

General Organization and Busine

General Organization and Business	9 Months Ended
	Dec. 31, 2016
General Organization and Business [Abstract]
GENERAL ORGANIZATION AND BUSINESS	NOTE 1. GENERAL ORGANIZATION AND BUSINESS Jade Global Holdings, Inc (formerly Media Analytics Corporation) (formerly FanSport, Inc.) (the "Company") was incorporated on March 16, 2011, to develop and provide social gaming mobile applications for fantasy sports enthusiasts. Effective September 3, 2013, the Company changed its name from FanSport, Inc. to Media Analytics Corporation. The Company was focused on developing or acquiring software that helps companies track their social data. On December 15, 2016, Media Analytics Corporation (the “Company”), the majority shareholders of the Company (the “Sellers”) and certain buyers (the “Purchasers”) entered into a stock purchase agreement (the “Stock Purchase Agreement”), whereby the Purchasers purchased from the Sellers 7,600,000 shares of common stock, par value $0.0001 per share, of the Company (the “Shares”), representing approximately 75.99% of the issued and outstanding shares of the Company. The Company intends to engage in the wholesale and retail trade of jade and jade products through retail stores and online web site. In connection therewith, Michael Johnson, the Company’s sole officer and Director, resigned from his positions and named Guogiang Qian, Scott Silverman and Min Shi as directors, and Guogiang Qian, Scott Silverman and Min Shi to the positions of President and CEO, Treasurer and CFO and Secretary, respectively.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Basis These condensed interim financial statements are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended March 31, 2016 included in the Company's Form 10-K filed with the Securities and Exchange Commission. The condensed interim financial statements should be read in conjunction with those financial statements included in the Form 10-K. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three and nine months ended December 31, 2016 are not necessarily indicative of the results that may be expected for the year ending March 31, 2017. Cash and Cash Equivalents Cash and cash equivalents are reported in the balance sheet at cost, which approximates fair value. For the purpose of the financial statements cash equivalents include all highly liquid investments with an original maturity of three months or less when purchased. Earnings (Loss) per Share The Company adopted FASB ASC 260, Earnings per Share Reverse Stock Split On December 27, 2016, the Company's board of directors approved a reverse stock split whereby each twenty (20) shares of our Common Stock will be converted automatically into one (1) share of Common Stock. To avoid the issuance of fractional shares of Common Stock, the Company will issue an additional share to all holders of a fractional share. The effective date of the reverse stock split will be January 30, 2017. Upon the completion of the reverse stock split, the Company will have 500,032 issued and outstanding shares of common stock, which represents decrease of 9,500,597 shares over its prior total of 10,000,629 issued and outstanding shares of common stock. The reverse split is reflected retrospectively in the accompanying financial statements. Income Taxes The Company adopted FASB ASC 740, Income Taxes Fair Value of Financial Investments The fair value of cash and cash equivalents, accounts payable, accrued liabilities, and notes payable approximates the carrying amount of these financial instruments due to their short term maturity. 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 disclosure 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. Revenue and Cost Recognition The Company has no current source of revenue; therefore the Company has not yet adopted any policy regarding the recognition of revenue or cost. Related Parties Related parties, which can be a corporation, individual, investor or another entity are considered to be related if the party has the ability, directly or indirectly, to control the other party or exercise significant influence over the Company in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. The Company has these relationships. Property The Company does not own any real estate or other property. The Company's office is located at 1825 Ponce de Leon Blvd, Suite 411, Coral Gables, FL 33134. Recent Authoritative Accounting Pronouncements The Company has reviewed the Accounting Standards Updates through ASU No. 2016-17 and these updates have no current applicability to the Company or their effect on the financial statements would not have been significant.

Income Taxes

Income Taxes	9 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
INCOME TAXES	NOTE 3. INCOME TAXES The Financial Accounting Standards Board (FASB) has issued FASB ASC 740-10. This standard requires a company to determine whether it is more likely than not that a tax position will be sustained will be sustained upon examination based upon the technical merits of the position. If the more-likely-than- not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. As a result of the implementation of this standard, the Company performed a review of its material tax positions in accordance with recognition and measurement standards established by FASB ASC 740-10. Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. At December 31, 2016, the Company had net operating loss carryforwards of $586,306 which may be offset against future taxable income through 2036. No tax benefit has been reported in the financial statements because the potential tax benefits of the net operating loss carryforwards of approximately $199,000 are offset by a valuation allowance of the same amount. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. As a result of the change in majority ownership, net operating loss carryforwards may be limited as to future use.

Due to Related Party

Due to Related Party	9 Months Ended
	Dec. 31, 2016
Due to Related Party [Abstract]
DUE TO RELATED PARTY	NOTE 4. DUE TO RELATED PARTY During the nine months ended December 31, 2016, the Company’s previous CEO advanced $16,879 and subsequently forgave $139,880 of advances to the Company. The Company classified the $139,880 as a capital contribution. On December 27, 2016, the Company’s new CEO loaned the Company $160,000 to fund operations. The amount due to related party is non-interest bearing, unsecured and with no fixed terms of repayment.

Stockholders' Deficit

Stockholders' Deficit	9 Months Ended
	Dec. 31, 2016
Stockholders' Deficit [Abstract]
STOCKHOLDERS' DEFICIT	NOTE 5. STOCKHOLDERS' DEFICIT Preferred Stock There are 10,000,000 Preferred Shares at $0.0001 par value authorized with none issued and outstanding at December 31, 2016 and March 31, 2016. Common Stock On December 27, 2016, the Board of Directors of the Company approved Articles of Amendment to our Articles of Incorporation which increased the Company’s authorized common shares from 16,66,667 shares, par value $0.0001 to 25,000,000 common shares, par value $0.0001 and affected a reverse stock split of our issued and outstanding common stock on a twenty (20) old for one (1) new basis. No cash was paid or distributed as a result of the reverse stock split and no fractional shares were issued. All fractional shares, which would otherwise be required to be issued as a result of the stock split, were rounded up to the nearest whole share. There was no change in the par value of our common stock. The split is reflected retrospectively in the accompanying financial statements. There are 25,000,000 common shares at $0.0001 par value authorized with 500,032 shares issued and outstanding at December 31, 2016.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 6. RELATED PARTY TRANSACTIONS The officers and directors of the Company are involved in business activities outside of the Company and may, in the future, become involved in other business opportunities that become available. They may face a conflict in selecting between the Company and other business interests. The Company has not formulated a policy for the resolution of such conflicts. Effective December 27, 2016, the CEO of the Company resigned and a new director was appointed for the position. In connection with a certain Stock Purchase Agreement between the Company, the CEO and several purchasers, the previous CEO of the company forgave $139,880 of advance to the Company. The Company classified the $139,880 as a capital contribution. Also in connection with the Stock Purchase Agreement, the sole officer and director of the Company resigned and new officers and directors were appointed to the positions of President and CEO, CFO and Treasurer, and Secretary

Going Concern

Going Concern	9 Months Ended
	Dec. 31, 2016
Going Concern [Abstract]
GOING CONCERN	NOTE 7. GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the period March 16, 2011 (date of inception) through December 31, 2016 the Company has had a net loss of $586,306. In view of these matters, recoverability of any asset amounts shown in the accompanying condensed interim financial statements is dependent upon the Company's ability to begin operations and to achieve a level of profitability. Since inception, the Company has financed its activities from the sale of equity securities. The Company intends on financing its future development activities and its working capital needs largely from loans and the sale of public equity securities with some additional funding from other traditional financing sources, including term notes, until such time that funds provided by operations, if ever, are sufficient to fund working capital requirements.

Concentrations of Risks

Concentrations of Risks	9 Months Ended
	Dec. 31, 2016
Concentrations of Risks [Abstract]
CONCENTRATIONS OF RISKS	NOTE 8. CONCENTRATIONS OF RISKS Cash Balances The Company maintains its cash in institutions insured by the Federal Deposit Insurance Corporation (FDIC). All other deposit accounts at FDIC-insured institutions were insured up to at least $250,000 per depositor until December 31, 2009. On April 1, 2010, FDIC deposit insurance for all deposit accounts, except for certain retirement accounts, returned to $250,000 per depositor. Insurance coverage for certain retirement accounts, which include all IRA deposit accounts, will remain at $250,000 per depositor. Our cash balance at December 31, 2016 was below the FDIC insurance threshold.

Commitment

Commitment	9 Months Ended
	Dec. 31, 2016
Commitment [Abstract]
COMMITMENT	NOTE 9. COMMITMENT On September 11, 2013, the Company entered into a licensing agreement with Social Media Broadcasts (SMB) Limited wherein the Company will have the right to the sales and marketing of the Klarity Analytic Dashboard in Canada, the United States and the United Kingdom (including the Republic of Ireland) for an initial period of two years and for successive periods of one year each upon mutual agreement. Pursuant to the terms of the licensing agreement the Company shall pay to Social Media Broadcasts the following license fees: (a) an initial nonrefundable fixed fee of US$300,000 payable in installments over 3 years; (b) an annual technical support fee of US$60,000; and (c) a 20% royalty payment on all sales of Klarity. The Company's social media tools and solutions will enable advertisers, publishers and agencies in the U.S. and U.K. markets to gather deep social intelligence, generate true engagement and simplify promotional management. The Company's current offering as a result of the license agreement, Klarity, is a comprehensive and robust social analytics dashboard available. Klarity provides detailed comparative metrics from the widest range of social platforms, and provides the added uniqueness for Western marketers to gain insights into the social behavior of Asian consumers. The Company's former CEO is also the CEO of Social Media Broadcasts (SMB) Limited. The Company suspended the business venture relating to the SMB licensing agreement. The Company has been unable to make any of the SMB licensing agreement payments as required under the agreement. As a result, effective October 28, 2015 the Company and SMB have consented to a cancellation and termination of the licensing agreement.

Subsequent Events

Subsequent Events	9 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10. SUBSEQUENT EVENTS Management has evaluated subsequent events through the date these financial statements were issued. Based on our evaluation no events have occurred that require disclosure.

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Accounting Basis	Accounting Basis These condensed interim financial statements are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America. They do not include all information and footnotes required by United States generally accepted accounting principles for complete financial statements. However, except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended March 31, 2016 included in the Company's Form 10-K filed with the Securities and Exchange Commission. The condensed interim financial statements should be read in conjunction with those financial statements included in the Form 10-K. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three and nine months ended December 31, 2016 are not necessarily indicative of the results that may be expected for the year ending March 31, 2017.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents are reported in the balance sheet at cost, which approximates fair value. For the purpose of the financial statements cash equivalents include all highly liquid investments with an original maturity of three months or less when purchased.
Earnings (Loss) per Share	Earnings (Loss) per Share The Company adopted FASB ASC 260, Earnings per Share
Reverse Stock Split	Reverse Stock Split On December 27, 2016, the Company's board of directors approved a reverse stock split whereby each twenty (20) shares of our Common Stock will be converted automatically into one (1) share of Common Stock. To avoid the issuance of fractional shares of Common Stock, the Company will issue an additional share to all holders of a fractional share. The effective date of the reverse stock split will be January 30, 2017. Upon the completion of the reverse stock split, the Company will have 500,032 issued and outstanding shares of common stock, which represents decrease of 9,500,597 shares over its prior total of 10,000,629 issued and outstanding shares of common stock. The reverse split is reflected retrospectively in the accompanying financial statements.
Income taxes	Income Taxes The Company adopted FASB ASC 740, Income Taxes
Fair Value of Financial Investments	Fair Value of Financial Investments The fair value of cash and cash equivalents, accounts payable, accrued liabilities, and notes payable approximates the carrying amount of these financial instruments due to their short term maturity.
Use of Estimates	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 disclosure 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.
Revenue and Cost Recognition	Revenue and Cost Recognition The Company has no current source of revenue; therefore the Company has not yet adopted any policy regarding the recognition of revenue or cost.
Related Parties	Related Parties Related parties, which can be a corporation, individual, investor or another entity are considered to be related if the party has the ability, directly or indirectly, to control the other party or exercise significant influence over the Company in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. The Company has these relationships.
Property	Property The Company does not own any real estate or other property. The Company's office is located at 1825 Ponce de Leon Blvd, Suite 411, Coral Gables, FL 33134.
Recent Authoritative Accounting Pronouncements	Recent Authoritative Accounting Pronouncements The Company has reviewed the Accounting Standards Updates through ASU No. 2016-17 and these updates have no current applicability to the Company or their effect on the financial statements would not have been significant.

General Organization and Busi17

General Organization and Business (Details) - $ / shares	Dec. 31, 2016	Dec. 15, 2016	Mar. 31, 2016
General Organization and Business (Textual)
Common stock, par value	$ 0.001		$ 0.001
Stock Purchase Agreement [Member]
General Organization and Business (Textual)
Purchase of shares		7,600,000
Common stock, par value		$ 0.0001
Percentage of issued and outstanding shares		75.99%

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Details)	Dec. 27, 2016shares	Oct. 03, 2014	Dec. 31, 2016shares	Mar. 31, 2016shares
Summary of Significant Accounting Policies (Textual)
Common stock, shares issued			500,032	500,032
Common stock, shares outstanding			500,032	500,032
Decrease in common shares after stock split	9,500,597
Forward stock split		2
Common stock [Member]
Summary of Significant Accounting Policies (Textual)
Common stock, shares issued	10,000,629
Common stock, shares outstanding	10,000,629

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Income Taxes (Textual)
Net operating loss carryforwards	$ 586,306		$ 586,306
Income tax expense
Operating net loss carryforwards expiration			Future taxable income through 2036.
Operating loss carryforwards valuation allowance	$ 199,000		$ 199,000

Due to Related Party (Details)

Due to Related Party (Details) - USD ($)	Dec. 27, 2016	Dec. 31, 2016	Dec. 31, 2015
Due to Related Party (Textual)
Advance to affiliate		$ 16,879
Proceeds from capital contribution		139,880
Payments for loan	$ 160,000
Forgiveness of advances		$ 139,880	$ 123,205

Stockholders' Deficit (Details)

Stockholders' Deficit (Details) - $ / shares	Dec. 27, 2016	Dec. 31, 2016	Mar. 31, 2016
Stockholders' Deficit (Textual)
Preferred stock, shares authorized		10,000,000	10,000,000
Preferred stock, par value (in dollars per share)		$ 0.001	$ 0.001
Preferred Stock, Shares Issued		0	0
Preferred Stock, Shares Outstanding		0	0
Reverse stock split	Twenty (20) old for one (1) new basis.
Common stock, shares authorized		25,000,000	25,000,000
Common stock, par value		$ 0.001	$ 0.001
Common stock, shares issued		500,032	500,032
Common stock, shares outstanding		500,032	500,032
Board of Directors [Member]
Stockholders' Deficit (Textual)
Common stock, shares authorized	1,666,667
Common stock, par value	$ 0.0001

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Dec. 27, 2016	Dec. 31, 2016	Dec. 31, 2015
Related Party Transactions [Textual]
Proceeds from capital contribution		$ 139,880
Forgiveness of advances		$ 139,880	$ 123,205
CEO [Member]
Related Party Transactions [Textual]
Proceeds from capital contribution	$ 139,880
Forgiveness of advances	$ 139,880

Going Concern (Details)

Going Concern (Details)	70 Months Ended
	Dec. 31, 2016USD ($)
Going Concern (Textual)
NET LOSS	$ 586,306

Concentrations of Risks (Detail

Concentrations of Risks (Details)	Dec. 31, 2016USD ($)
Concentrations of Risks (Textual)
FDIC insured amount	$ 250,000

Commitment (Details)

Commitment (Details) - Social Media Broadcasts (SMB) Limited - Licensing agreement	Sep. 11, 2013USD ($)
Commitment (Textual)
Initial nonrefundable fixed fee	$ 300,000
Initial period of licensing agreement	2 years
Successive periods of licensing agreement	1 year
Period for payment of installments	3 years
Annual technical support fee	$ 60,000
Percentage of royalty payment	20.00%