SSTL 10-Q 12 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	11-May-15
Document And Entity Information
Entity Registrant Name	SSTL, Inc.
Entity Central Index Key	1534298
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
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		16,554,167
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

Condensed_Balance_Sheets

Condensed Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current assets
Cash	$41,081	$45,360
Accounts receivable - related party	15,000	7,500
Prepaid consulting services	303,750	0
Prepaid legal expenses	2,363	2,363
Total current assets	362,194	55,222
Fixed assets - net of accumulated depreciation	25,000	32,500
Total Assets	387,194	87,722
Current liabilities
Accounts payable	119	1,023
Accrued expenses	2,363	2,363
Accrued interest payable - related parties	7,264	2,948
Related party notes payable	200,000	200,000
Total current liabilties	209,746	206,334
Total Liabilities	209,746	206,334
Stockholders' Deficit
Preferred stock, $.001 par value; 25,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.001 par value; 100,000,000 shares authorized; 16,554,167 (unaudited) and 16,254,167 shares issued and outstanding, respectively	16,554	16,254
Additional paid in capital	824,196	419,496
Accumulated deficit	-663,303	-554,363
Total Stockholders' deficit	177,447	-118,613
Total Liabilities and Stockholders' deficit	$387,194	$87,722

Condensed_Balance_Sheets_Paren

Condensed Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock par value	$0.00	$0.00
Preferred stock shares authorized	25,000,000	25,000,000
Preferred stock shares issued	0	0
Preferred stock shares outstanding	0	0
Common stock par value	$0.00	$0.00
Common stock shares authorized	100,000,000	100,000,000
Common stock shares issued	16,554,167	16,254,167
Common stock shares outstanding	16,554,167	16,254,167

Condensed_Statements_of_Operat

Condensed Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Revenues - related party	$7,500	$15,000
Operating expenses:
Amortization & depreciation	7,500	10,416
General and administrative	104,625	5,386
Total operating expenses	112,125	15,802
Income (loss) from operations	-104,625	-802
Other income (expense):
Interest expense - related party	-4,315	-5,778
Total other income (expense)	-4,315	-5,778
Income (loss) before provision for income taxes	-108,940	-6,580
Provision for income tax	0	0
Net income (loss)	($108,940)	($6,580)
Net income (loss) per share: (Basic and fully diluted)	($0.01)	$0
Weighted average number of common shares outstanding	16,554,167	16,254,167

Condensed_Statements_of_Cash_F

Condensed Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash Flows From Operating Activities:
Net income (loss)	($108,940)	($6,580)
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Amortization & depreciation	7,500	10,416
Consulting services paid in stock	101,250	0
Changes in operating assets and liabilties
Accounts receivable	-7,500	-15,000
Accrued expenses and accounts payable	3,411	-3,848
Net cash provided by (used for) operating activities	-4,279	-15,011
Cash Flows From Investing Activities:
Net cash provided by (used for) investing activities	0	0
Cash Flows From Financing Activities:
Net cash provided by (used for) financing activities	0	0
Net Increase (Decrease) In Cash	-4,279	-15,011
Cash At The Beginning Of The Period	45,360	44,055
Cash At The End Of The Period	41,081	29,044
Schedule Of Non-Cash Investing And Financing Activities
Common stock issued for consulting services	405,000	0
Supplemental Disclosure:
Cash paid for interest	0	0
Cash paid for income taxes	$0	$0

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Changes in Shareholders Deficit (USD $)	Common Stock	Additional Paid-In Capital	Retained Earnings / Accumulated Deficit	Total
Beginning balance, value at Dec. 31, 2013	$16,254	$419,496	($537,119)	($101,369)
Beginning balance, shares at Dec. 31, 2013	16,254,167
Net income			-17,244	-17,244
Ending balance, value at Dec. 31, 2014	16,254	419,496	-554,363	-118,613
Beginning balance, shares at Dec. 31, 2014	16,254,167
Shares issued for services, shares	300,000
Shares issued for services, value	300	404,700		405,000
Net income			-108,940	-108,940
Ending balance, value at Mar. 31, 2015	$16,554	$824,196	($663,303)	$177,447
Ending balance, shares at Mar. 31, 2015	16,554,167

1_Organization_Operations_and_

1. Organization, Operations and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
1. Organization, Operations and Summary of Significant Accounting Policies	SSTL, Inc. (the “Company”) was incorporated in the State of Nevada on November 10, 2010 (“Inception”). The Company designs and assembles motorsport racing vehicles for its own use and plans to compete in organized racing events. The Company has currently only conducted limited activities.
	On October 30, 2014, Zenovia Digital Exchange Corporation, a Delaware corporation (the “Zenovia”), entered into an Agreement of Merger and Plan of Reorganization (the “Merger Agreement”) with the Company, and SSTL Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of the Company (“Merger Sub”), providing for the merger of Merger Sub with and into the Zenovia (the “Merger”), with Zenovia surviving the Merger as a wholly-owned subsidiary of the Company. The Merger Agreement was approved by Zenovia’s Board of Directors (the “Board”) and the sole Director of the Company.
	At the effective time of the Merger, each share of Zenovia common stock issued and outstanding immediately prior to the effective time of the Merger (other than shares owned by (i) Zenovia, Merger Sub or any direct or indirect subsidiary of any of them immediately prior to the effective time of the Merger or (ii) stockholders who have properly exercised and perfected appraisal rights under Delaware law) will be converted automatically into the right to receive three (3) shares of common stock of the  Company. Other securities of Zenovia convertible or exchangeable into common stock will also be exchanged for securities of the Company based upon the same exchange ratio.
	There are currently 16,554,167 shares issued and outstanding of the Company. Upon the Closing of the Merger:
		•	1,000,000 shares of common stock held by our pre-closing principal stockholder will be exchanged for all of pre-closing assets and liabilities of the Company and such 1,000,000 shares will be cancelled.
		•	certain of our pre-closing stockholders will cancel 10,355,500 of common stock for no consideration for the purpose of making our capitalization more attractive to future equity investors.
	Following the completion of the transactions contemplated by the Merger Agreement, there will be 38,573,667 shares of common stock of the Company issued and outstanding.
	Consummation of the Merger is subject to customary conditions, including without limitation: (i) the delivery to the Company of the required audited and unaudited consolidated financial statements, (ii) executed resignations of all officers and directors of the Company, (iii) receipt by Zenovia of all required consents to the consummation of the Merger, including the written consent of the holders of at least 80% of the aggregate principal amount of Zenovia's 14% senior secured notes; and (iv) the absence of any law, injunction, judgment or ruling that prohibits, restrains or makes illegal the consummation of the Merger. Moreover, each party’s obligation to consummate the Merger is subject to certain other conditions, including without limitation: (x) the accuracy of the other party’s representations and warranties contained in the Merger Agreement (subject to materiality qualifiers) and (y) the other party’s performance of its obligations under the Merger Agreement in all material respects. In addition, the obligation of the Agreement, of any effect, development, fact, circumstance, change, event or occurrence that, individually or in the aggregate Company and Merger Sub to consummate the Merger is subject to the absence, since the date of the Merger, has had or would reasonably be expected to have a Material Adverse Effect (as defined in the Merger Agreement).
	The Merger Agreement contains certain termination rights for the Company and Zenovia.  If the Merger Agreement is terminated by Zenovia other than for the specified circumstances provided in the Merger Agreement, Zenovia will be required to pay the Company a termination fee of $500,000.
	As at May 10, 2015, Zenovia has not produced audited financial statements for the years ended 2014 and 2013 (the "Audits") and there can be no assurance that Audits for those years will be available. If the Audits are not available by early summer of 2015, it is unlikely that the Merger will be consummated. If the Merger is not consummated, the Company will continue its business as described below.
	Accounting Basis
	The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted December 31 fiscal year end.
	Principles of Consolidation
	These consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Delaware incorporated SSTL Acquisition Corp., from the date of its incorporation on October 9, 2014. All inter-company transactions and balances have been eliminated on consolidation.
	Development Stage Company
	The Company is in the development stage as defined under the then current Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915-205 “Development-Stage Entities,” and among the additional disclosures required as a development stage company are that our financial statements were identified as those of a development stage company, and that the statements of operations, stockholders’ deficit and cash flows disclosed activity since the date of our inception (November 10, 2010) as a development stage company. Effective June 10, 2014 FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. Consequently these additional disclosures are no longer included in these financial statements.
	Unaudited Interim Financial Statements
	The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the Unites States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.
	In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year.
	Use of Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect 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. Actual results could differ from those estimates.
	Cash and Cash Equivalents
	The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents.
	Accounts Receivable
	The Company reviews accounts receivable periodically for collectability and establishes an allowance for doubtful accounts and records bad debt expense when deemed necessary. At March 31, 2015 the Company had no balance in allowance for doubtful accounts.
	Financial Instruments
	The Company has adopted the guidance of ASC 820, “Fair Value Measurement” which clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:
	Level 1- Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.
	Level 2- Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.
	Level 3- Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information.
	The Company’s financial instruments consist principally of cash, accounts receivable – related party, prepayments, accounts payable, accrued interest and related party note payable. The recorded values of all these financial instruments approximate their current fair values because of the short term nature of these financial instruments.
	Property and Equipment
	Property and equipment are recorded at cost and depreciated under straight line methods over each item’s estimated useful life. The Company uses a three year life for racing vehicles, and five years for transport vehicles and furniture and fixtures.
	Long-lived Assets
	In accordance with ASC 350, the Company regularly reviews the carrying value of intangible and other long-lived assets for the existence of facts or circumstances, both internally and externally, that may suggest impairment. If impairment testing indicates a lack of recoverability, an impairment loss is recognized by the Company if the carrying amount of a long-lived asset exceeds its fair value.
	Income Tax
	The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss 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 bases. 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.
	Dividends
	The Company has not adopted any policy regarding payment of dividends. No dividends have been paid in any of the periods shown.
	Revenue Recognition
	Revenue is recognized when all of the following criteria were met: persuasive evidence of an arrangement existed, services had been provided, all significant contractual obligations had been satisfied, and collection was reasonably assured.
	Advertising Costs
	Advertising costs are expensed as incurred. The Company recorded no advertising costs for the three months ending March 2015 or 2014.
	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 measured. To date, the Company has not adopted a stock option plan and has not granted any stock options.
	Net income (loss) per share
	The net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of share of common stock outstanding. Warrants, stock options, and common stock issuable upon the conversion of the Company’s preferred stock (if any), are not included in the computation if the effect would be anti-dilutive and would increase the earnings or decrease loss per share. No potentially dilutive debt or equity instruments were issued or outstanding during the three month periods ended March 31, 2015 or 2014.
	Products and Services, Geographic Areas and Major Customers
	The Company currently earns revenue from leasing its racing vehicles on a month to month basis. All Company revenues during the three month periods ended March 31, 2015 and 2014 were from one customer, a company related by common control.
	Recent Accounting Pronouncements
	The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of its operations.

2_Going_Concern

2. Going Concern	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
2. Going Concern	The Company has suffered continuing losses from operations which raises substantial doubt about the Company’s ability to continue as a going concern. Continued losses could cause the Company to be unable to continue in the racing industry or to meet debt obligations. The Company believes that racing requires significant capital outlays on a continual basis to successfully fund operations, but with adequate funding that profitable operations can be achieved.
	The Company may raise additional capital through the sale of its equity securities, through an offering of debt securities, or through borrowings from financial institutions. By doing so, the Company hopes to generate profits from racing activities. Management believes that actions presently being taken to obtain funding provide the opportunity for the Company to continue as a going concern.
	'

3_Related_Party_Transactions

3. Related Party Transactions	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
3. Related Party Transactions	Related party notes payable & accrued interest payable – related party
	Since the inception of the Company, we have borrowed monies from Mr. Urvan, who owns a majority interest in GB Investments Inc., which owns approximately sixty six percent (66%) of our outstanding common stock, and his affiliates.
	As at March 31, 2015 and 2014, the Company owed TVP Investments, LLC (“TVP”), a company whose managing member and majority membership interests are held by Mr. Urvan, $25,000 for working capital advances on a verbal, due on demand basis. At December 31, 2014, the working capital advance provided for interest at 10% per annum. In January, 2014, by verbal agreement, it was mutually agreed upon that the advance would be non-interest bearing going forward.
	In March, 2011, the Company established a $500,000 unsecured line of credit with TVP Investments, LLC, a related party under common control. The terms of the line of credit provide for interest at 10% per annum on all outstanding balance and allows a maximum draw down on the line of credit of $100,000 per quarter. The availability of funds for draw down from this line of credit is subject to the approval of Mr. Urvan. As at March 31, 2015 and 2014, the Company had drawn down $175,000 under this line of credit, all of which is due on demand. Interest expense for the three months ending March 31, 2015 and 2014 were $4,315 and $5,778, respectively. Accrued interest payable at March 31, 2015 and December 31, 2014, $7,264 and $2,948, respectively.
	Related party revenue
	All Company revenues during the three month period ending March 31, 2014 and 2015 of $15,000 and $7,500 and the accompanying accounts receivable balances were derived from month to month equipment lease fees from a company controlled by a major shareholder.
	Use of facilities provided at no charge by related parties
	The Company occupies racing storage and shop space from a Company under common control on a verbal, as agreed, month to month basis and pays no rent. The value of the space is not considered materially significant for financial reporting purposes.

4_Fixed_Assets

4. Fixed Assets	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
4. Fixed Assets	Fixed asset values recorded at cost are as follows:
			31-Mar-15			31-Dec-14
	Racing vehicles and equipment	$	90,000		$	90,000
	Transport vehicles		150,000			150,000
		$	240,000		$	240,000
	Less accumulated depreciation		(215,000	)		(207,500	)
	Total	$	25,000		$	32,500
	Depreciation expense for the three month periods ending March 31, 2015 and 2014 was $7,500 and $10,416, respectively.

5_Related_Party_Notes_Payable

5. Related Party Notes Payable	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
5. Related Party Notes Payable	Since the Inception of the Company we have borrowed monies from Mr. Urvan, who owns a majority interest in GB Investments, Inc., which owns approximately 66% of our outstanding common stock, and his affiliates.
	As at March 31, 2015 and 2014, the Company owed a related party under common control $25,000 for working capital advances on a verbal, due on demand basis. At December 31, 2014, the working capital advance provided for interest at 10% per annum. In January, 2014, by verbal agreement, it was mutually agreed upon that the advance would be non-interest bearing going forward.
	In March, 2011, the Company established a $500,000 unsecured line of credit with TVP Investments, LLC, a related party under common control. The terms of the line of credit provide for interest at 10% per annum on all outstanding balance and allows a maximum draw down on the line of credit of $100,000 per quarter. The availability of funds for draw down from this line of credit is subject to the approval of Mr. Urvan. As at March 31, 2015 and 2014, the Company had drawn down $175,000 under this line of credit, all of which is due on demand. Interest expense for the three months ending March 31, 2015 and 2014 were $4,315 and $5,778, respectively. Accrued interest payable at March 31, 2015 and December 31, 2014 was $7,264 and $2,948, respectively.

6_Income_Taxes

6. Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
6. Income Taxes	Deferred income taxes arise from the temporary differences between financial statement and income tax recognition of net operating losses. These loss carryovers are limited under the Internal Revenue Code should a significant change in ownership occur.
	At March 31, 2015 and December 31, 2014, the Company had net operating loss carryforwards of approximately $663,000 and $554,000 which begin to expire in 2031. The deferred tax asset of $265,000 and $221,600, calculated at an effective tax rate of 40% and created by the net operating losses, has been offset by a 100% valuation allowance.

7_Stockholders_Deficit

7. Stockholders Deficit	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
7. Stockholders Deficit	Common Stock
	Effective January 1, 2015 we issued 300,000 shares of our common stock, valued at $405,000, to Netgain Financial, Inc., a non-affiliated party, for consulting services to be performed in the twelve months ended December 31, 2015.
	According we recognized a consulting expense of $101,250 in respect of this these services during the three months ended March 31, 2015 and prepaid consulting services of $303,750 as of March 31, 2015.
	As of March 31, 2015, there were 16,554,167 shares of common stock issued and outstanding.

8_Subsequent_Events

8. Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
8. Subsequent Events	In accordance with ASC 855-10, the Company has analyzed its operations subsequent to March 31, 2015 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

1_Organization_Operations_and_1

1. Organization, Operations and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Accounting Basis	Accounting Basis
	The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“GAAP” accounting). The Company has adopted December 31 fiscal year end.
Principles of Consolidation	Principles of Consolidation
	These consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Delaware incorporated SSTL Acquisition Corp., from the date of its incorporation on October 9, 2014. All inter-company transactions and balances have been eliminated on consolidation.
Development Stage Company	Development Stage Company
	The Company is in the development stage as defined under the then current Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915-205 “Development-Stage Entities,” and among the additional disclosures required as a development stage company are that our financial statements were identified as those of a development stage company, and that the statements of operations, stockholders’ deficit and cash flows disclosed activity since the date of our inception (November 10, 2010) as a development stage company. Effective June 10, 2014 FASB changed its regulations with respect to Development Stage Entities and these additional disclosures are no longer required for annual reporting periods beginning after December 15, 2014 with the option for entities to early adopt these new provisions. Consequently these additional disclosures are no longer included in these financial statements.
Unaudited Interim Financial Statements	Unaudited Interim Financial Statements
	The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the Unites States of America for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.
	In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year.
Use of estimates	Use of Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect 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. Actual results could differ from those estimates.
Cash and cash equivalents	Cash and Cash Equivalents
	The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents.
Accounts receivable	Accounts Receivable
	The Company reviews accounts receivable periodically for collectability and establishes an allowance for doubtful accounts and records bad debt expense when deemed necessary. At March 31, 2015 the Company had no balance in allowance for doubtful accounts.
Financial Instruments	Financial Instruments
	The Company has adopted the guidance of ASC 820, “Fair Value Measurement” which clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:
	Level 1- Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.
	Level 2- Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.
	Level 3- Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information.
	The Company’s financial instruments consist principally of cash, accounts receivable – related party, prepayments, accounts payable, accrued interest and related party note payable. The recorded values of all these financial instruments approximate their current fair values because of the short term nature of these financial instruments.
Property and equipment	Property and Equipment
	Property and equipment are recorded at cost and depreciated under straight line methods over each item’s estimated useful life. The Company uses a three year life for racing vehicles, and five years for transport vehicles and furniture and fixtures.
Long-Lived Assets	Long-lived Assets
	In accordance with ASC 350, the Company regularly reviews the carrying value of intangible and other long-lived assets for the existence of facts or circumstances, both internally and externally, that may suggest impairment. If impairment testing indicates a lack of recoverability, an impairment loss is recognized by the Company if the carrying amount of a long-lived asset exceeds its fair value.
Income tax	Income Tax
	The Company accounts for income taxes pursuant to ASC 740. Under ASC 740 deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss 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 bases. 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.
Dividends	Dividends
	The Company has not adopted any policy regarding payment of dividends. No dividends have been paid in any of the periods shown.
Revenue recognition	Revenue Recognition
	Revenue is recognized when all of the following criteria were met: persuasive evidence of an arrangement existed, services had been provided, all significant contractual obligations had been satisfied, and collection was reasonably assured.
Advertising costs	Advertising Costs
	Advertising costs are expensed as incurred. The Company recorded no advertising costs for the three months ending March 2015 or 2014.
Stock based compensation	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 measured. To date, the Company has not adopted a stock option plan and has not granted any stock options.
Net income (loss) per share	Net income (loss) per share
	The net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of share of common stock outstanding. Warrants, stock options, and common stock issuable upon the conversion of the Company’s preferred stock (if any), are not included in the computation if the effect would be anti-dilutive and would increase the earnings or decrease loss per share. No potentially dilutive debt or equity instruments were issued or outstanding during the three month periods ended March 31, 2015 or 2014.
Products and services, geographic areas and major customers	Products and Services, Geographic Areas and Major Customers
	The Company currently earns revenue from leasing its racing vehicles on a month to month basis. All Company revenues during the three month periods ended March 31, 2015 and 2014 were from one customer, a company related by common control.
Recent accounting pronouncements	Recent Accounting Pronouncements
	The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of its operations.

4_Fixed_Assets_Tables

4. Fixed Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of property and equipment			31-Mar-15			31-Dec-14
	Racing vehicles and equipment	$	90,000		$	90,000
	Transport vehicles		150,000			150,000
		$	240,000		$	240,000
	Less accumulated depreciation		(215,000	)		(207,500	)
	Total	$	25,000		$	32,500

1_Significant_Accounting_Polic

1. Significant Accounting Policies (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Dividends paid	$0
Allowance for doubtful accounts	0
Advertising expense	$0	$0
Antidilutive shares excluded from EPS	0	0
Revenues
Concentration risk	100.00%
Racing vehicles and equipment
Estimated useful lives	3 years
Transport vehicles
Estimated useful lives	5 years

3_Related_Party_Transactions_D

3. Related Party Transactions (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Related Party Transactions [Abstract]
Due to officer	$25,000	$25,000
Line of credit maximum borrowing amount	500,000
Interest expense	4,315	5,778
Accrued interest	$7,264		$2,948

4_Fixed_Assets_Details

4. Fixed Assets (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Total fixed assets	$240,000	$240,000
Less: accumulated depreciation	-215,000	-207,500
Fixed assets, net	25,000	32,500
Racing vehicles and equipment
Total fixed assets	90,000	90,000
Transport vehicles
Total fixed assets	$150,000	$150,000

5_Related_Party_Notes_Payable_

5. Related Party Notes Payable (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Related Party Notes Payable Details Narrative
Due to related party	$25,000		$25,000
Line of credit maximum borrowing amount	500,000
Interest expense	4,315	5,778
Accrued interest	$7,264		$2,948

6_Income_Taxes_Details_Narrati

6. Income Taxes (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$663,000	$554,000
Operating loss beginning expiration date	31-Dec-31
Deferred tax asset	265,000	221,600
Deferred tax asset valuation allowance	$265,000	$221,600
Effective tax rate	40.00%