Free Flow (FFLO) 10-Q 20 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 20, 2019
Document And Entity Information
Entity Registrant Name	Free Flow, Inc.
Entity Central Index Key	0001543652
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		26,221,000
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019
Entity Emerging Growth Company	true
Entity Small Business	true
Entity Ex Transition Period	false

Balance Sheets

Balance Sheets - USD ($)	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Current Assets
Cash in hand and bank	$ 2,775	$ 19,115	$ 5,322
Trade Receivables - current	18,526	7,723
Trade Receivables - old		573
Advances for Inventory Purchases		18,963
Accounts Receivable - Trade			3,331
Inventory	594,670	571,260	220,427
TOTAL CURRENT ASSETS	615,971	617,634	229,080
Fixed Assets
Land and Building	773,513	772,513
Less: Accumulated depreciaiton	(30,901)	(30,901)
Writtendown value	742,612	741,612
TOTAL FIXED ASSETS	742,612	741,612
OTHER ASSETS
Delivery Trucks, at cost	3,500	3,500	3,500
Less: Accumulated depreciation	(2,492)	(2,492)
Writtendown value	1,008	1,008
Equipment	35,000	35,000
Accumulated depreciation	(7,000)	(7,000)
Writtendown value	28,000	28,000
TOTAL OTHER ASSETS	29,008	29,008	3,500
TOTAL ASSETS	1,387,591	1,388,254	232,580
Current Liabilities
Accounts payable	21,468	7,468	7,448
Notes payable - related parties	56,033	380	220,171
TOTAL CURRENT LIABILLITIES	77,501	7,848	227,620
Long Term Liabilities
Loan - secured	898,595	900,100
TOTAL LONG-TERM LIABILITIES	898,595	900,100
TOTAL LIABILITIES	976,096	907,948	227,620
Stockholders' (Deficit)
Common Stock, ($0.0001 par value 100,000,000 shares authorized 26,200,000 shares issued and outstanding as of March 31, 2019 and December 31, 2018	2,620	2,620	2,620
Additional paid-in capital	114,545	114,545	114,545
Current Period - Profit	(34,405)		13,886
Accumulated Deficit	(472,201)	(437,796)	(456,092)
TOTAL STOCKHOLDERS' EQUITY (DIFICIT)	(389,440)	(320,629)	(325,040)
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT	1,387,591	1,388,254	232,580
Series B Preferred Stock [Member]
Long Term Liabilities
Redeemable Preferred Stock	330,000	330,000	330,000
Preferred Class A [Member]
Stockholders' (Deficit)
Preferred stock value	1	1	1
Series C Preferred Stock [Member]
Long Term Liabilities
Redeemable Preferred Stock	$ 470,935	$ 470,935

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	20,000,000	20,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	26,200,000	26,200,000
Common stock, shares outstanding	26,200,000	26,200,000
Preferred Class A [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued	10,000	10,000
Series B Preferred Stock [Member]
Redeemable preferred stock, share authorized	500,000	500,000
Redeemable preferred stock, share issued	330,000
Redeemable preferred stock, share outstanding	0
Series C Preferred Stock [Member]
Redeemable preferred stock, share authorized	500,000
Redeemable preferred stock, share issued	470,935
Redeemable preferred stock, share outstanding	0

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
REVENUES
Sales	$ 58,784	$ 39,805	$ 249,655
TOTAL REVENUES	58,784	39,805	249,655
COST OF GOODS SOLD	24,772	12,756	38,958
GROSS PROFIT	34,012	27,050	210,696
GENERAL AND ADMINISTRATIVE EXPENSES
General & Administrative Expenses	68,418	13,164	152,289
Depreciation Expenses			38,573
Total Expenses	68,418	13,164	190,729
NET PROFIT (LOSS)	$ (34,405)	$ 13,886	$ 19,967
BASIS INCOME (LOSS) PER SHARE	$ (0.01)	$ (0.01)	$ (0.01)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	26,200,000	26,200,000	26,200,000

Statement of Changes in Shareh

Statement of Changes in Shareholders' (Deficit) - 3 months ended Mar. 31, 2019 - USD ($)	Common Stock	Preferred Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, Shares at Dec. 31, 2018	26,200,000	10,000
Beginning Balance, Amount at Dec. 31, 2018	$ 2,620	$ 1	$ 114,545	$ (437,796)	$ (320,629)
Loss for the quarter				(34,405)	(34,405)
Ending Balance, Shares at Mar. 31, 2019	26,200,000	10,000
Ending Balance, Amount at Mar. 31, 2019	$ 2,620	$ 1	$ 114,545	$ (472,201)	$ (389,440)

Statements of Cash Flows

Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CASH FLOW FROM OPERATING ACTIVITIES
Net Profit (loss)	$ (34,405)	$ 13,886
Inventory provision	510
(Increase) Advance for Inventory Purchase	(18,963)
(Increase) in Other Assets - Building Improvements	(1,000)
Decrease in Long Term Liabilities	1,505
(Increase) in Trade receivables	(10,803)	(1,425)
(Increase ) Decrease in inventory	(23,410)	(42,556)
(Increase) Decrease in prepaid expensess	573
NET CASH USED IN OPERATING ACTIVITIES	(85,993)	(30,095)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from notes payable - realated party	55,653	43,754
Proceeds from Accounts Payable - trade (Decrease in Accounts Payable)	14,000	(13,692)
NET CASH PROVIDED BY FINANCING ACTIVITIES	69,653	(32)
NET INCREASE (DECREASE) IN CASH	(16,340)	(32)
CASH AT BEGINNING OF PERIOD	19,115	5,354
CASH AT END OF PERIOD	$ 2,775	$ 5,322

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2019
Conversion Of Related Party Note To Preferred Stock
NOTE 1 - BASIS OF PRESENTATION	The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited consolidated financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of March 31, 2019 and the results of operations and cash flows for the periods presented. The results of operations for the three months ended March 31, 2019 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited consolidated financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 filed with the SEC on April 29, 2019.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Mar. 31, 2019
Conversion Of Related Party Note To Preferred Stock
NOTE 2 - GOING CONCERN	The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has established itself as a stable ongoing business entity with established revenues sufficient to cover its operating costs and allow it to continue as a going concern. However, the ability of the Company to continue as a going concern is also dependent on the Company obtaining adequate Sales so that the Company can liquidate its inventories and continue as a going business. In order to continue as a going concern, the Company will need, among other things, Sales of its product lines. Management has obtained such sales through Internet sales and marketing companies who specialize in promotion of such businesses. Management is obtaining capital from management and significant shareholders sufficient to meet its minimal operating expense and is expecting that cash flow from sales will soon be available to augment the operating capital needs. The management has also received firm commitment form River Valley Bank and is expecting the line of credit to come into effect so that more inventory can be built to achieve a higher sales volume. However, management cannot provide an assurance that the Company will be successful in accomplishing any of its plans. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually fulfill the secured purchase orders to attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

INCORPORATION OF SUBSIDIARY

INCORPORATION OF SUBSIDIARY	3 Months Ended
	Mar. 31, 2019
Conversion Of Related Party Note To Preferred Stock
NOTE 3 - INCORPORATION OF SUBSIDIARY	In February 2015, the company incorporated a subsidiary, Promedaff, Inc. and purchased a skin care product line and formulations for $2,000,000 against a promissory note. An e commerce platform was set up for sales and marketing. The efforts did not bear any success and the entire inventory was sold through the Seller and the Promissory Note was cancelled and marked “VOID”. The name of this entity has been changed to Motors & Metals, Inc. and has remained inactive but is in good standing. Motors & Metals, Inc. operates as a separate entity to conduct business in refurbishing automotive engines and selling metals recovered from its Auto Parts facility, and have an independent profit center. The company continued its research on the related subjects and has finally come up with a plan to expand its automobile crushing business to shredding automobiles and recover steel to sell to buyers overseas who have already signed letter of intent to purchase 3,000 metric tons of shredded steel per months. As reported in 10-Qs for the earlier quarters as well as in 10-Ks for the Annual reports, on February 4, 2016 the company incorporated another subsidiary in the State of Virginia under the name JK Sales, Corp. (on December 7, 2017 the name was changed to Accurate Auto Parts, Inc.) and has since remained in the business of buying end of life and salvage vehicles and selling auto parts. On April 17, 2018 the company incorporated in Virginia, another subsidiary named Accurate Investments, Inc. with the objectives of acquiring real estate property, which plan did not materialize. Accurate Investments, Inc. has pursued other business opportunities that are discussed under subsequent events in note 6 below.

RELATED PARTY

RELATED PARTY	3 Months Ended
	Mar. 31, 2019
Conversion Of Related Party Note To Preferred Stock
NOTE 4 - RELATED PARTY	As of December 31, 2018, the Company had notes payable in the amount of $380 to Redfield Holdings, Ltd. a related party. During the three months ended the Company borrowed an additional net sum of $55,653 thus owing a total sum of $56,033 as of March 31, 2019. The note is unsecured and does not bear any interest and has a maturity date of December 30, 2019.

CAPITAL STOCK

CAPITAL STOCK	3 Months Ended
	Mar. 31, 2019
Conversion Of Related Party Note To Preferred Stock
NOTE 5 - CAPITAL STOCK	The Company has authorized 100,000,000 shares of common shares with a par value of $0.0001 per shares and 20,000,000 shares of preferred stock, with a par value of $0.0001 per shares. Pursuant to the resolution of the shareholders meeting held on March 30, 2015 the Company designated 500,000 shares of the preferred authorized shares as preferred shares – Series “B” shares. The preferred shares – Series “B” were assigned the following preferences: a) Each share to carry one vote. b) Each share will be redeemable with a 365 days written notice to the company. c) Each share will be junior to any debt incurred by the Company. d) The redemption value will be the par value at which such “preferred shares – series B” are bought by the subscriber. e) Each share will carry a dividend right at par with the common shares. On December 31, 2014 the Company had a Note outstanding in the principal amount of $330,000 plus interest payable to GS Pharmaceuticals, Inc. By mutual consent this note and accrued interest was converted to 330,000 preferred shares – Series “B”. On March 31, 2015 an amount of $58,000 was subscribed by Redfield Holdings, Ltd. by cancellation of a Note against the issuance of 9,700 shares of preferred shares – Series “A”. These shares were issued to Redfield Holding, Ltd. thus making a total of entire designated preferred shares – Series “A” shares to Redfield Holdings, Ltd. Each share of preferred shares – Series “A” carries voting right equal to 10,000 common shares. On March 31, 2017 total preferred shares issued and outstanding are 10,000 Series “A” and 330,000 Series “B”. On December 31, 2018 the Company had a Note outstanding in the principal amount of $470,935; by mutual consent this note and accrued interest was converted to 470,935 preferred shares - Series C".

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2019
Conversion Of Related Party Note To Preferred Stock
NOTE 6 - SUBSEQUENT EVENTS	Management has evaluated subsequent events through the date which the financial statements were available to be issued. Based on the evaluation there occurred a material event that require recognition in or disclosure to the financial statements. Accurate Auto Parts, Inc.’s prime bankers namely River Valley Bank had agreed to extend a line of credit for a sum of $350,000 for a ten year term. On April 2, 2019 the said credit line came in effect, thus the Company in now able to increase its inventory and expand its operations according to its plans. Accurate Investments, Inc. received a proposal from Heathrow Associates, LLC, (the “Heathrow”) a Florida limited liability company to act as their exclusive distributors and resellers of medical equipment that Heathrow manufactures and has thus far sold over 300 devices for pain management etc. As part of the understanding Mr. Jeffrey K. Russell the managing member has also agreed to associate himself with the Company on a exclusive and full-time basis to promote the sales of such equipment and other products that the Company is engaged in selling. The arrangement came into effect starting April 29, 2019.

INCORPORATION OF SUBSIDIARY (De

INCORPORATION OF SUBSIDIARY (Details Narrative)	1 Months Ended
	Feb. 28, 2015USD ($)
Subsidiaries [Member]
Incorporation Of Subsidiary [Line Items]
Purchased product against promissory note	$ 2,000,000

RELATED PARTY (Details Narrativ

RELATED PARTY (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Related Party Transaction [Line Items]
Notes payable - Related Parties	$ 56,033	$ 220,171	$ 380
Proceeds from notes payable - realated party	$ (55,653)	$ (43,754)
Redfield Holdings Ltd Member
Related Party Transaction [Line Items]
Notes payable - Related Parties			$ 380
Mr. Ahmad [Member]
Related Party Transaction [Line Items]
Maturity date	Dec. 30, 2019

CAPITAL STOCK (Details Narrativ

CAPITAL STOCK (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2017
Stockholders Equity Note [Line Items]
Common stock, shares authorized			100,000,000	100,000,000
Common stock, par value			$ 0.0001	$ 0.0001
Preferred stock, shares authorized			20,000,000	20,000,000
Preferred stock, par value			$ 0.0001	$ 0.0001
Principal amount of note outstanding				$ 470,935
G S Pharmaceuticals Member
Stockholders Equity Note [Line Items]
Principal amount of note outstanding		$ 330,000
Redfield Holdings Ltd Member | Convertible Notes Payable [Member]
Stockholders Equity Note [Line Items]
Amount subscribed by related party against cancellation of a note	$ 58,000
Series C Preferred Stock [Member]
Stockholders Equity Note [Line Items]
Redeemable preferred stock, shares authorized			500,000
Debt conversion converted instrument shares issued				470,935
Series A Preferred Stock [Member] | Redfield Holdings Ltd Member | Convertible Notes Payable [Member]
Stockholders Equity Note [Line Items]
Description of voting rights	Each share of preferred shares Series "A" carries voting right equal to 10,000 common shares
Debt conversion converted instrument shares issued	9,700
Preferred stock designated shares	500,000
Series B Preferred Stock [Member]
Stockholders Equity Note [Line Items]
Redeemable preferred stock, shares authorized			500,000	500,000
Preferred stock, shares issued					330,000
Preferred stock, shares outstanding					330,000
Preferred stock preferences assigned, description			Each share will carry a dividend right at par with the common shares.
Series B Preferred Stock [Member] | G S Pharmaceuticals Member
Stockholders Equity Note [Line Items]
Debt conversion converted instrument shares issued		330,000
Preferred Class A [Member]
Stockholders Equity Note [Line Items]
Preferred stock, par value			$ 0.001	$ 0.001
Preferred stock, shares issued			10,000	10,000	10,000
Preferred stock, shares outstanding					10,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	Apr. 02, 2019USD ($)
Auto Parts, Inc [Member] | Subsequent Event [Member]
Line of credit amount	$ 350,000