Bioscience Neutraceuticals (DEVV) 10-Q 11 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 11, 2016
Document And Entity Information
Entity Registrant Name	JOBLOCATIONMAP INC
Entity Central Index Key	1,555,995
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
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		9,500,000
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016

Balance Sheets (Unaudited)

Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current assets
Cash	$ 1,671	$ 1,671
Prepaid expenses	1,964
Total current assets	3,635	$ 1,671
Total assets	3,635	$ 1,671
Current liabilities
Accounts payable	$ 6,500
Accrual expenses		$ 1,041
Loan from related party	$ 3,944	3,944
Total current liabilities	$ 10,444	$ 4,985
Stockholders' equity (deficit)
Preferred stock: $0.0001 par value, 50,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2016 and December 31, 2015
Common stock: $0.0001 par value, 100,000,000 shares authorized, 9,500,000 shares issued and outstanding as of March 31, 2016 and December 31, 2015	$ 950	$ 950
Additional paid-in capital	76,550	76,550
Accumulated deficit	(84,309)	(80,814)
Total stockholders' equity (deficit)	(6,809)	(3,314)
Total liabilities and stockholders' equity (deficit)	$ 3,635	$ 1,671

Balance Sheets (Unaudited) (Par

Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value per share	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	9,500,000	9,500,000
Common stock, shares outstanding	9,500,000	9,500,000

Statements Of Operations (Unaud

Statements Of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Revenue
Expenses
General administrative	$ 995	$ 1,208
Professional fees	2,500	2,500
Total expenses	3,495	3,708
Net income (loss)	$ (3,495)	$ (3,708)
Basic and diluted loss per common share	$ 0	$ 0
Weighted average number of common shares outstanding - basic and diluted	9,500,000	9,500,000

Statements Of Cash Flows (Unaud

Statements Of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flow from operating activities
Net loss	$ (3,495)	$ (3,708)
Changes in Operating Assets and Liabilities:
(Increase) decrease in prepaid expenses	1,964	$ (1,208)
Increase (decrease) in accounts payable	6,500
Increase (decrease) in accrual expenses	$ (1,041)
Net cash used in operating activities		$ (2,500)
Cash flows from investing activities
Cash flow from financing activities
Net cash provided by financing activities
Net increase/(decrease) in cash		$ (2,500)
Cash at beginning of period	$ 1,671	45,035
Cash at end of period	$ 1,671	$ 42,535
Supplemental cash flow information:
Cash paid for interest
Cash paid for income taxes

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A summary of significant accounting policies of JobLocationMap (the Company) is presented toassist in understanding the Company’s financial statements. The accounting policies presented in these footnotes conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the accompanying financial statements. These financial statements and notes are representations of the Company’s management who are responsible for their integrity and objectivity. The Company has not realized revenues from its planned principal business purpose. Organization, Nature of Business and Trade Name JobLocationMap (the Company) was incorporated in the State of Nevada on June 15, 2010. JobLocationMap’sprincipal business objective of developing and marketing an online map application. The Company’s activities are subject to significant risks and uncertainties including failing to secure additional funding to operationalize the Company’s online map application before another company develops a similar app. Basis of Presentation The unaudited financial statements for the period ended March 31, 2016 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information in accordance with Securities and Exchange Commission (SEC) Regulation S-X rule 8-03. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of March 31, 2016 and the results of operations and cash flows for the period then ended. The financial data and other information disclosed in these notes to the interim financial statements related to the period are unaudited. The results for the three months ended March 31, 2016, are not necessarily indicative of the results to be expected for any subsequent quarters or for the entire year ending December 31, 2016. The balance sheet at December 31, 2015 has been derived from the audited financial statements at that date. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all short-term debt securities purchased with maturity of three months or less to be cash equivalents. Property and Equipment Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterments that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. Depreciation is computed for financial statement purposes on a straight-line basis over estimated useful lives of the related assets. The estimated useful lives of depreciable assets are: Estimated Useful Lives Office Equipment 5-10 years Copier 5-7 years Vehicles 5-10 years For federal income tax purposes, depreciation is computed under the modified accelerated cost recovery system. For financial statements purposes, depreciation is computed under the straight-line method. The Company has been in the developmental stage since inception and has no operations to date. The Company currently does not have any property and equipment. The above accounting policies will be adopted upon the Company maintains property and equipment. Recent Accounting Pronouncements On June 10, 2014, the Financial Accounting Standards Board ("FASB") issued update ASU 2014-10, Development Stage Entities (Topic 915). Amongst other things, the amendments in this update removed the definition of development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from US GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information on the statements of income, cash flows and shareholders equity, (2) label the financial statements as those of a development stage entity; (3) disclose a description of the development stage activities in which the entity is engaged and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The amendments are effective for annual reporting periods beginning after December 31, 2014 and interim reporting periods beginning after March 15, 2016, however entities are permitted to early adopt for any annual or interim reporting period for which the financial statements have yet to be issued. Revenue recognition The Company’s revenue recognition policies are in compliance with FASB ASC 605-35 “Revenue Recognition”. Revenue is recognized when a formal arrangement exists, the price is fixed or determinable, all obligations have been performed pursuant to the terms of the formal arrangement and collectability is reasonably assured. The Company recognizes revenues on sales of its services, based on the terms of the customer agreement. The customer agreement takes the form of either a contract or a customer purchase order and each provides information with respect to the service being sold and the sales price. If the customer agreement does not have specific delivery or customer acceptance terms, revenue is recognized at the time the service is provided to the customer. Fair Value of Financial Instruments Level 1 Level 2 Level 3 In accordance with the fair value accounting requirements, companies may choose to measure eligible financial instruments and certain other items at fair value. The Company has not elected the fair value option for any eligible financial instruments. As of March 31, 2016 and 2015 the carrying value of accounts payable and loans that are required to be measured at fair value, approximated fair value due to the short-term nature and maturity of these instruments. Advertising Advertising expenses are recorded as general and administrative expenses when they are incurred. Use of Estimates The preparation of financial statements in 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 revenues and expenses during the reporting period. A change in managements’ estimates or assumptions could have a material impact on JobLocationMap’s financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. JobLocationMap’s financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented. Capital Stock The Company has authorized One Hundred Million (100,000,000) shares of common stock with a par value of $0.0001 and Fifty Million (50,000,000) shares of preferred stock with a par value of $0.0001. Nine Million Five Hundred Thousand (9,500,000) shares of common stock were issued and outstanding as of March 31, 2016 and 2015. Income Taxes The Company recognizes the tax effects of transactions in the year in which such transactions enter into the determination of net income, regardless of when reported for tax purposes.

Going Concern

Going Concern	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE B – GOING CONCERN The Company's financial statements are prepared using accounting principles generally accepted 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. However, the Company does not have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading, or seeking protection from creditors pursuant to laws or regulations. Accordingly, assets and liabilities are recorded on the basis that the entity will be able to realize its assets and discharge its liabilities in the normal course of business. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the Nature of Business and Trade Name paragraph and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern. During the next year, the Company’s foreseeable cash requirements will relate to continual development of the operations of its business, maintaining its good standing and making the requisite filings with the Securities and Exchange Commission, and the payment of expenses associated with research and development. The Company may experience a cash shortfall and be required to raise additional capital. Historically, it has mostly relied upon internally generated funds and funds from the sale of shares of stock to finance its operations and growth. Management may raise additional capital through future public or private offerings of the Company’s stock or through loans from private investors, although there can be no assurance that it will be able to obtain such financing. The Company’s failure to do so could have a material and adverse effect upon it and its shareholders. In the past year, the Company funded operations by using cash proceeds received through the issuance of common stock and loan from related party. For the coming year, the Company plans to continue to fund the Company through debt and securities sales and issuances until the company generates enough revenues through the operations as stated above.

Common Stock

Common Stock	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Common Stock	NOTE C – COMMON STOCK On or about August 29, 2012, Related Party Directors, Omri Morchi and Eden Shoua each purchased 4,000,000 common shares of the company’s common stock for $12,000 each or $0.003 per share. On September 26, 2014, Company issued 1,500,000 Common Shares of the company at $0.04 per share for cash proceeds of $60,000.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Taxes
Income Taxes	NOTE D – INCOME TAXES For the period ended March 31, 2016, the Company has incurred net losses and, therefore, has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative net operating loss carry-forward is $84,309 at March 31, 2016, and will expire beginning in the year 2032. The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 34% to the net loss before provision for income taxes for the years ended March 31, 2016 and 2015 are as follows: March 31, 2016 March 31, 2015 Income tax expense (benefit) at statutory rate $ (1,188 ) $ (1,261 ) Change in valuation allowance 1,188 1,261 Income tax expense $ 0 $ 0 Net deferred tax assets consist of the following components as of March 31, 2016 and December 31, 2015: March 31, 2016 March 31, 2015 NOL Carryover $ 28,665 $ 27,477 Valuation allowance (28,665 ) (27,477 ) Net deferred tax asset $ 0 $ 0 Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of $84,309 for federal income tax reporting purposes could be subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years. The Company has no uncertain tax positions that require the Company to record a liability. The Company had no accrued penalties and interest related to taxes as of March 31, 2016

Related Transactions

Related Transactions	3 Months Ended
	Mar. 31, 2016
Related Transactions
Related Transactions	NOTE E – RELATED TRANSACTIONS As of March 31, 2016, related party loan payable outstanding to the Director is $3,944. The loan is non-interest bearing and due on demand.

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 31, 2016
Subsequent Event
Subsequent Event	NOTE F – SUBSEQUENT EVENT The Company evaluated all events or transactions that occurred after March 31, 2016 through the date of this filing. The Company determined that it does not have any subsequent event requiring recording or disclosure in the financial statements for the period ended March 31, 2016

Summary Of Significant Accoun12

Summary Of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Organization, Nature of Business and Trade Name	Organization, Nature of Business and Trade Name JobLocationMap (the Company) was incorporated in the State of Nevada on June 15, 2010. JobLocationMap’sprincipal business objective of developing and marketing an online map application. The Company’s activities are subject to significant risks and uncertainties including failing to secure additional funding to operationalize the Company’s online map application before another company develops a similar app.
Basis of Presentation	Basis of Presentation The unaudited financial statements for the period ended March 31, 2016 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information in accordance with Securities and Exchange Commission (SEC) Regulation S-X rule 8-03. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of March 31, 2016 and the results of operations and cash flows for the period then ended. The financial data and other information disclosed in these notes to the interim financial statements related to the period are unaudited. The results for the three months ended March 31, 2016, are not necessarily indicative of the results to be expected for any subsequent quarters or for the entire year ending December 31, 2016. The balance sheet at December 31, 2015 has been derived from the audited financial statements at that date.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all short-term debt securities purchased with maturity of three months or less to be cash equivalents.
Property and Equipment	Property and Equipment Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterments that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. Depreciation is computed for financial statement purposes on a straight-line basis over estimated useful lives of the related assets. The estimated useful lives of depreciable assets are: Estimated Useful Lives Office Equipment 5-10 years Copier 5-7 years Vehicles 5-10 years For federal income tax purposes, depreciation is computed under the modified accelerated cost recovery system. For financial statements purposes, depreciation is computed under the straight-line method. The Company has been in the developmental stage since inception and has no operations to date. The Company currently does not have any property and equipment. The above accounting policies will be adopted upon the Company maintains property and equipment.
Recent Accounting Pronouncements	Recent Accounting Pronouncements On June 10, 2014, the Financial Accounting Standards Board ("FASB") issued update ASU 2014-10, Development Stage Entities (Topic 915). Amongst other things, the amendments in this update removed the definition of development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from US GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information on the statements of income, cash flows and shareholders equity, (2) label the financial statements as those of a development stage entity; (3) disclose a description of the development stage activities in which the entity is engaged and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The amendments are effective for annual reporting periods beginning after December 31, 2014 and interim reporting periods beginning after March 15, 2016, however entities are permitted to early adopt for any annual or interim reporting period for which the financial statements have yet to be issued.
Revenue Recognition	Revenue recognition The Company’s revenue recognition policies are in compliance with FASB ASC 605-35 “Revenue Recognition”. Revenue is recognized when a formal arrangement exists, the price is fixed or determinable, all obligations have been performed pursuant to the terms of the formal arrangement and collectability is reasonably assured. The Company recognizes revenues on sales of its services, based on the terms of the customer agreement. The customer agreement takes the form of either a contract or a customer purchase order and each provides information with respect to the service being sold and the sales price. If the customer agreement does not have specific delivery or customer acceptance terms, revenue is recognized at the time the service is provided to the customer.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Level 1 Level 2 Level 3 In accordance with the fair value accounting requirements, companies may choose to measure eligible financial instruments and certain other items at fair value. The Company has not elected the fair value option for any eligible financial instruments. As of March 31, 2016 and 2015 the carrying value of accounts payable and loans that are required to be measured at fair value, approximated fair value due to the short-term nature and maturity of these instruments.
Advertising	Advertising Advertising expenses are recorded as general and administrative expenses when they are incurred.
Use of Estimates	Use of Estimates The preparation of financial statements in 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 revenues and expenses during the reporting period. A change in managements’ estimates or assumptions could have a material impact on JobLocationMap’s financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. JobLocationMap’s financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented.
Capital Stock	Capital Stock The Company has authorized One Hundred Million (100,000,000) shares of common stock with a par value of $0.0001 and Fifty Million (50,000,000) shares of preferred stock with a par value of $0.0001. Nine Million Five Hundred Thousand (9,500,000) shares of common stock were issued and outstanding as of March 31, 2016 and 2015.
Income Taxes	Income Taxes The Company recognizes the tax effects of transactions in the year in which such transactions enter into the determination of net income, regardless of when reported for tax purposes.

Summary Of Significant Accoun13

Summary Of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2016
Summary Of Significant Accounting Policies Tables
Schedule of Estimated Useful Lives of Depreciable Assets	The estimated useful lives of depreciable assets are: Estimated Useful Lives Office Equipment 5-10 years Copier 5-7 years Vehicles 5-10 years

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2016
Income Taxes Tables
Schedule of Effective Income Tax Expense Reconciliation	The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 34% to the net loss before provision for income taxes for the years ended March 31, 2016 and 2015 are as follows: March 31, 2016 March 31, 2015 Income tax expense (benefit) at statutory rate $ (1,188 ) $ (1,261 ) Change in valuation allowance 1,188 1,261 Income tax expense $ 0 $ 0
Schedule of Net Deferred Tax Assets	Net deferred tax assets consist of the following components as of March 31, 2016 and December 31, 2015: March 31, 2016 March 31, 2015 NOL Carryover $ 28,665 $ 27,477 Valuation allowance (28,665 ) (27,477 ) Net deferred tax asset $ 0 $ 0

Summary Of Significant Accoun15

Summary Of Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2016
Office Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives of Depreciable Assets	5 years
Office Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives of Depreciable Assets	10 years
Copier [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives of Depreciable Assets	5 years
Copier [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives of Depreciable Assets	7 years
Vehicles [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives of Depreciable Assets	5 years
Vehicles [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives of Depreciable Assets	10 years

Income Taxes (Schedule Of Effec

Income Taxes (Schedule Of Effective Income Tax Expense Reconciliation) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Taxes Schedule Of Effective Income Tax Expense Reconciliation Details
Income tax expense (benefit) at statutory rate	$ (1,188)	$ (1,261)
Change in valuation allowance	1,188	1,261
Income tax expense	$ 0	$ 0

Income Taxes (Schedule Of Net D

Income Taxes (Schedule Of Net Deferred Tax Assets) (Details) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Income Taxes Schedule Of Net Deferred Tax Assets Details
NOL Carryover	$ 28,665	$ 27,477
Valuation allowance	28,665	27,477
Net deferred tax asset	$ 0	$ 0

Common Stock (Narrative) (Detai

Common Stock (Narrative) (Details) - Common Stock [Member] - USD ($)	Sep. 26, 2014	Aug. 29, 2012
Stock issued during the period new issues, shares	1,500,000
Sale of stock price per share	$ 0.04
Proceeds from sale of common stock	$ 60,000
Omri Morchi - Director [Member]
Stock issued during the period new issues, shares		4,000,000
Stock issued during the period new issues, value		$ 12,000
Sale of stock price per share		$ 0.003
Eden Shoua - Director [Member]
Stock issued during the period new issues, shares		4,000,000
Stock issued during the period new issues, value		$ 12,000
Sale of stock price per share		$ 0.003

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details)	3 Months Ended
	Mar. 31, 2016USD ($)
Income Taxes Narrative Details
Net operating loss carryforward	$ 84,309
Operating loss carryforward limitations on use	Will expire beginning in the year 2032.
Statutory federal income tax rate	34.00%

Related Transactions (Narrative

Related Transactions (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Related party payable	$ 3,944	$ 3,944
Director [Member] | Loan Payable [Member]
Related Party Transaction [Line Items]
Related party payable	$ 3,944
Loan description	The loan is non-interest bearing and due on demand.