| Cover - shares | 3 Months Ended | |
| Mar. 31, 2019 | Nov. 14, 2019 | |
| Cover [Abstract] | ||
| Document Type | 10-Q | |
| Amendment Flag | false | |
| Document Period End Date | Mar. 31, 2019 | |
| Current Fiscal Year End Date | --12-31 | |
| Entity Registrant Name | J.E.M. CAPITAL, INC. | |
| Entity Central Index Key | 0001537528 | |
| Entity Current Reporting Status | Yes | |
| Entity Filer Category | Non-accelerated Filer | |
| Entity Small Business | true | |
| Entity Emerging Growth Company | false | |
| Entity Common Stock, Shares Outstanding | 14,032,400 | |
| Document Fiscal Period Focus | Q1 | |
| Document Fiscal Year Focus | 2019 |
| Consolidated Balance Sheets (Unaudited) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
| Current assets: | ||
| Cash | $ 164 | |
| Total current assets | 164 | |
| Equipment, Net | 496 | |
| Total assets | 660 | |
| Current liabilities: | ||
| Accounts payable and accrued expenses | 54,625 | 62,875 |
| Due to shareholder | 60,381 | 47,945 |
| Total current liabilities | 115,006 | 110,820 |
| Total liabilities | 115,006 | 110,820 |
| Commitments and contingencies | ||
| Stockholders' deficit: | ||
| Preferred stock, par value $0.0001 per share, 5,000,000 shares authorized as of March 31, 2019 and December 31, 2018; none issued or outstanding as of March 31, 2019 and December 31, 2018 | ||
| Common stock, $0.0001 par value; 195,000,000 shares authorized, 12,032,400 shares and 12,032,400 shares issued and outstanding as of March 31, 2019 and December 31, 2018 | 1,203 | 1,203 |
| Additional paid-in capital | 301,268 | 301,268 |
| Accumulated deficit | (417,477) | (412,631) |
| Total stockholders' deficit | (115,006) | (110,160) |
| Total liabilities and stockholders' deficit | $ 660 |
| Consolidated Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2019 | Dec. 31, 2018 |
| Statement of Financial Position [Abstract] | ||
| Common Stock, par value | $ 0.0001 | $ 0.0001 |
| Common Stock, shares authorized | 195,000,000 | 195,000,000 |
| Common Stock, shares issued | 12,032,400 | 12,032,400 |
| Common Stock, shares outstanding | 12,032,400 | 12,032,400 |
| Preferred Stock, par value | $ 0.0001 | $ 0.0001 |
| Preferred Stock, shares authorized | 5,000,000 | 5,000,000 |
| Preferred Stock, shares issued | 0 | 0 |
| Preferred Stock, shares outstanding | 0 | 0 |
| Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
| Mar. 31, 2019 | Mar. 31, 2018 | |
| Operating expense: | ||
| General and administrative | $ 4,846 | $ 19,899 |
| Total operating expense | 4,846 | 19,899 |
| Loss before provision for income taxes | (4,846) | (19,899) |
| Provision for income taxes | ||
| Net loss | $ (4,846) | $ (19,899) |
| Net loss per common share - basic and diluted | $ (0.0004) | $ (0.0016) |
| Weighted average number of common shares outstanding - basic and diluted | 12,032,400 | 12,032,400 |
| Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
| Mar. 31, 2019 | Mar. 31, 2018 | |
| Operating activities: | ||
| Net loss | $ (4,846) | $ (19,899) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 125 | 125 |
| Loss on write off of equipment | 371 | |
| Changes in operating assets and liabilities | ||
| Deposit | 550 | |
| Accounts payable and accrued liabilities | (8,250) | (6,350) |
| Net cash used in operating activities | (12,600) | (25,574) |
| Financing activities: | ||
| Proceeds from shareholder | 12,436 | 26,788 |
| Net cash provided by financing activities | 12,436 | 26,788 |
| Net (decrease) increase in cash | (164) | 1,214 |
| Cash - Beginning of period | 164 | 166 |
| Cash - End of period | $ 1,380 | |
| 1. Basis of Presentation | 3 Months Ended |
| Mar. 31, 2019 | |
| Accounting Policies [Abstract] | |
| 1. Basis of Presentation | 1. Basis of Presentation The accompanying interim condensed consolidated financial statements are unaudited. The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the annual audited consolidated financial statements and, in the opinion of management, reflect all adjustments, which includes normal recurring adjustments or a description of the nature and amount of any adjustments other than normal recurring adjustments, necessary for a fair presentation of the financial positions and results of operations for the periods presented. The financial data and other information disclosed in these notes to the interim condensed consolidated financial statements are also unaudited. The results for the three months ended March 31, 2019 are not necessarily indicative of the results to be expected for the year ending December 31, 2019 or for any other interim period or for any future year. These consolidated financial statements should be read in conjunction with the Company's audited consolidated financial statements appearing in the Company's Annual Report on Form 10-K for the year ended December 31, 2018. The disclosures made in the unaudited interim condensed consolidated financial statements generally do not repeat those in the annual statements. There have been no material changes to the significant accounting policies during the three months ended March 31, 2019, as compared to the significant accounting policies described in Note 2 of the "Notes to Consolidated Financial Statements" in the Company's Annual Report on Form 10-K for the year ended December 31, 2018. |
| 2. Summary of Significant Accounting Policies | 3 Months Ended |
| Mar. 31, 2019 | |
| Accounting Policies [Abstract] | |
| 2. Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies Nature of Operations J.E.M. Capital, Inc. (the Company) was incorporated under the laws of the State of Delaware on September 14, 2011 and has had limited operations since inception. The Company's current business plan is to seek to identify a privately held operating company desiring to become a publicly held company by merging with the Company through a reverse merger or acquisition. The Company is a shell company as defined in Rule 12b-2 promulgated under the Securities Exchange Act of 1934. As a shell company, the Company has no operations and assets. On January 5, 2017, the Company entered into a Share Exchange Agreement (the "Agreement") with Essential Elements Limited, a British Virgin Islands company ("ESEL"), and Leung Chi Wah Earnest (“Mr. Leung”), the principal shareholder of ESEL, pursuant to which the Company issued an aggregate of 2,005,400 shares of common stock, or approximately 17% of the issued and outstanding common stock of the Company, to Mr. Leung in exchange for 100% of the issued and outstanding shares of ESEL. ESEL owns all of the issued and outstanding shares of J.E.M. Capital Limited, a company organized under the laws of Hong Kong ("JEM Capital"). ESEL and JEM Capital currently have no operations, but include the corporate structure that the Company believes necessary for the acquisition of assets in Hong Kong and China. ESEL has incurred material expenses setting up such structure. Risks and Uncertainties The Company's activities are subject to significant risks and uncertainties, including failure to identify a privately held operating company desiring to merge with the Company, failure to complete a reverse merger transaction, and inability to secure funding to continue as a going concern. (See Note 3 regarding going concern discussion.) Use of Estimates The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) for interim financial reporting and as required by Regulation S-X, Rule 10-01. The preparation of the accompanying condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. Principles of Consolidation The unaudited condensed consolidated financial statements include the financial statements of the Company and its subsidiaries for which it is the primary beneficiary. Upon making this determination, the Company is deemed to be the primary beneficiary of the entity, which is then required to be consolidated for financial reporting purposes. All significant intercompany transactions and balances have been eliminated upon consolidation. Equipment, net Equipment is stated at cost less accumulated depreciation and impairment losses, if any. Depreciation is provided on a straight-line basis, less estimated residual values over the assets' estimated useful lives. The estimated useful lives are as follows: Computer hardware and software 3 years When equipment is retired or otherwise disposed of, the related cost, accumulated depreciation and provision for impairment loss, if any, are removed from the respective accounts, and any gain or loss is reflected in the consolidated statements of operations. Repairs and maintenance costs on equipment are expensed as incurred. Impairment of Long-Lived Assets Long-lived assets, such as equipment, are reviewed for impairment whenever events or changes in circumstance indicate that the carrying amount of the assets may not be recoverable. An impairment loss is recognized when the carrying amount of a long-lived asset exceeds the sum of the undiscounted cash flows expected to be generated from the asset's use and eventual disposition. An impairment loss is measured as the amount by which the carrying amount exceeds the fair value of the asset calculated using an undiscounted cash flow analysis. There was no impairment of long-lived assets for the three months ended March 31, 2019 and 2018. Fair value of financial instruments ASC Topic 825, "Financial Instruments", requires disclosing fair value to the extent practicable for financial instruments which are recognized or unrecognized in the balance sheets. The fair values of the financial instruments are not necessarily representative of the amount that could be realized or settled, nor does the fair value amount consider the tax consequences of realization or settlement. For certain financial instruments, including accounts payable and accrued expenses, the fair values were determined based on the near-term maturities of such the assets and obligations. Revenue The Company has yet to generate revenue from operations for the three months ended March 31, 2019 and 2018. Net Loss per Common Share Basic loss per share is computed by dividing the net loss attributable to the common stockholders by the weighted average number of shares of common stock outstanding during the period. Fully diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There were no dilutive financial instruments issued or outstanding for the three months ended March 31, 2019 and 2018. Income Taxes The Company accounts for income taxes under ASC Topic 740, Income Tax. Deferred tax assets and liabilities are provided for the future tax effects attributable to temporary differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, and for the expected future tax benefits from items including tax loss carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or reversed. The expense or benefit related to adjusting deferred tax assets and liabilities as a result of a change in tax rates is recognized in income or loss in the period that includes the enactment date. The Company recognizes and measures uncertain tax positions and records tax benefits when it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The company recognizes interest and penalties as a component of income tax expense if applicable. For the three months ended March 31, 2019 and 2018, the Company had not recognized any interest or penalties on its consolidated financial statements. Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the consolidated financial statements unless otherwise disclosed, and we do not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on our consolidated financial position or results of operations. |
| 3. Going Concern | 3 Months Ended |
| Mar. 31, 2019 | |
| Notes to Financial Statements | |
| 3. Going Concern | 3. Going Concern The accompanying condensed consolidated financial statements have been prepared in conformity with U.S. GAAP, which contemplate continuation of the Company as a going concern. The Company has not established any source of revenues to cover its operating costs, and as such, has incurred an operating loss since inception. Further, as of March 31, 2019, the cash resources of the Company were insufficient to continue to conduct its normal business operations. These and other factors raise substantial doubt about the Company's ability to continue as a going concern. The accompanying condensed consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern. |
| 4. General and Administrative Expenses | 3 Months Ended |
| Mar. 31, 2019 | |
| Notes to Financial Statements | |
| 4. General and Administrative Expenses | 4. General and Administrative Expenses The following summarizes the type of expenses incurred during the three months ended March 31, 2019 and 2018: Three Months Ended March 31, 2019 2018 (Consolidated and unaudited) (Consolidated and unaudited) General and administrative expense: Professional fees $ 4,350 $ 8,554 Filing fees - 1,410 Franchise tax expense - 409 Salary and related expense - 8,885 Depreciation 125 125 Loss on write off of equipment 371 - Other office expenses - 516 Total general and administrative expense $ 4,846 $ 19,899 |
| 5. Commitments and contingencies | 3 Months Ended |
| Mar. 31, 2019 | |
| Notes to Financial Statements | |
| 5. Commitments and contingencies | 5. Commitments and contingencies Contingencies The Company accounts for loss contingencies in accordance with ASC Topic 450 and other related guidelines. As of March 31, 2019 and December 31, 2018, the Company's management is of the opinion that there are no commitments and contingencies to account for. |
| 6. Stockholders' Equity | 3 Months Ended |
| Mar. 31, 2019 | |
| Equity [Abstract] | |
| 6. Stockholders' Equity | 6. Stockholders' Equity Preferred Stock The Company is authorized to issue 5,000,000 shares of preferred stock with a $0.0001 par value. As of March 31, 2019 and December 31, 2018, there were no shares of preferred stock issued or outstanding. Common Stock On January 5, 2017, the Company entered into a Share Exchange Agreement with Essential Elements Limited, a British Virgin Islands company ("ESEL"), and Leung Chi Wah Earnest, the principal shareholder of ESEL, pursuant to which the Company issued an aggregate of 2,005,400 shares of common stock, or approximately 17% of the issued and outstanding common stock of the Company, to Mr. Leung in exchange for 100% of the issued and outstanding shares of ESEL. ESEL owns all of the issued and outstanding shares of J.E.M. Capital Limited, a company organized under the laws of Hong Kong ("JEM Capital"). ESEL and JEM Capital currently have no operations, but include the corporate structure that the Company believes necessary for the acquisition of assets in Hong Kong and China. ESEL has incurred material expenses setting up such structure. The Company is authorized to issue 195,000,000 shares of common stock with a $0.0001 par value. As of March 31, 2019 and December 31, 2018, 12,032,400 shares and 12,032,400 shares of common stock were issued and outstanding, respectively. As of March 31, 2019 and December 31, 2018, the Company did not have any dilutive securities, such as stock options, warrants or convertible securities, issued or outstanding. |
| 7. Related Party Transactions | 3 Months Ended |
| Mar. 31, 2019 | |
| Notes to Financial Statements | |
| 7. Related Party Transactions | 7. Related Party Transactions During the three months ended March 31, 2019, the Company received loans of $12,436 from its shareholder. As of March 31, 2019 and December 31, 2018, the Company recorded an amount of $60,381 and $47,945, respectively, payable to its shareholder. The amount is unsecured, bears no interest and is repayable on demand. |
| 8. Income taxes | 3 Months Ended |
| Mar. 31, 2019 | |
| Income Tax Disclosure [Abstract] | |
| 8. Income taxes | 8. Income taxes Income is subject to taxation in various countries in which the Company and its subsidiaries operate or are incorporated. The loss before income taxes by geographical locations for the three months ended March 31, 2019 and 2018 were summarized as follows: Three Months Ended March 31, 2019 2018 (Consolidated and unaudited) (Consolidated and unaudited) United States $ 4,350 $ 10,475 Foreign 496 9,424 $ 4,846 $ 19,899 The Company had accumulated tax losses of approximately $192,000 and $188,000 as of March 31, 2019 and December 31, 2018, respectively, which will expire between 2031 and 2037. The net operating loss carryforwards indicated above represent the principle component of the Company's deferred tax assets as of March 31, 2019 and December 31, 2018. Deferred tax assets of approximately $40,000 and $52,000 as of March 31, 2019 and December 31, 2018, respectively, will be offset by valuation allowance of the same amounts as realization of such assets is uncertain. No deferred tax assets have been recognised in respect of the accumulated net operating losses made by the foreign subsidiaries, as these subsidiaries have not commenced business and derived income in so far, and the tax losses that incurred are not able to be carry forward and offset against future profits in their respective tax jurisdictions. March 31, 2019 December 31, 2018 Deferred tax assets: Net operating loss carryforwards $ 40,369 $ 52,363 Total deferred tax assets 40,369 52,363 Less: Valuation allowance (40,369 ) (52,363 ) Net deferred tax assets $ - $ - Movement in valuation allowance: March 31, 2019 December 31, 2018 At the beginning of the period/year $ 52,363 $ 39,323 Current period/year (reduction)/addition (11,994) 13,040 At the end of the period/year $ 40,369 $ 52,363 The provision for income taxes differs from the expected provision determined by applying the federal statutory rate to the income before income taxes. The reasons for the difference are state and local income taxes and various non-deductible expenses. As a result of the reduction of the corporate income tax rate from 35% to 21% due to the Tax Cuts and Jobs Act which was enacted on December 22, 2017, U.S. GAAP requires companies to remeasure their deferred tax assets and liabilities as of the date of enactment, with resulting tax effects accounted for in the period of enactment. (the change in deferred tax balances would have a corresponding change to valuation allowance thereby resulting in no income tax expense for the year). The Company' income tax returns are subject to examination for three years from the date filed or the due date, whichever is later. The Company did not identify any material uncertain tax positions. |
