HUTN (HUTN) 10-K/A 2 Mar 16 2014 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2014	Mar. 02, 2016	Jun. 30, 2014
Document and Entity Information:
Entity Registrant Name	EF Hutton America, Inc.
Document Type	10-K
Document Period End Date	Dec. 31, 2014
Trading Symbol	hutn
Amendment Flag	true
Amendment Description	6
Entity Central Index Key	1,565,700
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		53,709,673
Entity Public Float			$ 680,662
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	Yes
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,014
Document Fiscal Period Focus	FY

EF Hutton America, Inc. - Conso

EF Hutton America, Inc. - Consolidated Balance Sheet - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Current assets
Due from shareholder		$ 0
Total current assets		0
Other assets:
Brand assets		0
Total other assets		0
Assets from Discontinued Operations		339,515
Total Assets		339,515
Current liabilities:
Advances from related party		0
Accrued expenses		0
Total current liabilities		0
Liabilities from Discontinued Operations		213,431
Total liabilities		213,431
Stockholders' equity:
Common stock, $0.001 par value; 90,000,000 shares authorized; 52,982,199 and 809,199 shares issued & outstanding, respectively		809
Class B common stock, $0.001 par value, 10,000,000 shares authorized, 5,797,000 issued and outstanding		0
Additional paid-in capital		82,400
Accumulated deficit		42,875
Total stockholders' equity		126,084
Total Liabilities and Stockholders' Equity		$ 339,515
Restated
Current assets
Due from shareholder	$ 6,500
Total current assets	6,500
Other assets:
Brand assets	10,025,000
Total other assets	10,025,000
Assets from Discontinued Operations	0
Total Assets	10,031,500
Current liabilities:
Advances from related party	13,991
Accrued expenses	15,530
Total current liabilities	29,521
Liabilities from Discontinued Operations	0
Total liabilities	29,521
Stockholders' equity:
Common stock, $0.001 par value; 90,000,000 shares authorized; 52,982,199 and 809,199 shares issued & outstanding, respectively	52,982
Class B common stock, $0.001 par value, 10,000,000 shares authorized, 5,797,000 issued and outstanding	5,797
Additional paid-in capital	10,036,846
Accumulated deficit	(93,646)
Total stockholders' equity	10,001,979
Total Liabilities and Stockholders' Equity	$ 10,031,500

EF Hutton America, Inc. - Balan

EF Hutton America, Inc. - Balance Sheets (Parentheticals)(USD $) - $ / shares	Dec. 31, 2014	Dec. 31, 2013
Statement of Financial Position
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	90,000,000	10,000,000
Common stock, shares issued	52,982,199	10,000,000
Common stock, shares outstanding	52,982,199	10,000,000
Class B common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Class B common stock, shares authorized	10,000,000	0
Class B common stock, shares issued	5,797,000	0
Class B common stock, shares outstanding	5,797,000	0

EF Hutton America, Inc. - Cons4

EF Hutton America, Inc. - Consolidated Statement of Operations - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Revenue		$ 0
Operating expenses
General and administrative		0
Total operating expenses		0
Loss from continued operations		0
Discontinued operations:
Net Income (Loss) from discontinued operations		7,097
Net income (loss)		7,097
Net income (loss) on discontinued operations	$ (113,500)	$ 7,097
Basic and diluted loss per common share
Loss from continuing operations		$ 0
Loss from discontinued operations		(0.01)
Net loss per share - basic and diluted		$ (0.01)
Weighted average number of common shares outstanding - basic and diluted		809,199
Restated
Revenue	0
Operating expenses
General and administrative	23,021
Total operating expenses	23,021
Loss from continued operations	(23,021)
Discontinued operations:
Net Income (Loss) from discontinued operations	(113,500)
Net income (loss)	(136,521)
Net income (loss) on discontinued operations	$ 0
Basic and diluted loss per common share
Loss from continuing operations	$ 0
Loss from discontinued operations	0
Net loss per share - basic and diluted	$ 0
Weighted average number of common shares outstanding - basic and diluted	6,524,985

EF Hutton America, Inc. - Cons5

EF Hutton America, Inc. - Consolidated Statement of Stockholders' Equity - USD ($)	Common Stock	Class B Common Stock	Additional Paid-in Capital	Retained Earnings/ Accumulated Deficit	Total Stockholders' Equity
Balance at beginning of period, Shares at Dec. 31, 2012	809,199	0
Balance at beginning of period at Dec. 31, 2012	$ 809	$ 0	$ 82,400	$ 35,778	$ 118,987
Net loss for the period	$ 0	$ 0	0	7,097	7,097
Balance at end of period, shares at Dec. 31, 2013	809,199	0
Balances at end of period	$ 809	$ 0	82,400	42,875	126,084
Net loss for the period	$ 0	$ 0	0	(136,521)	(136,521)
Balance at end of period, shares at Dec. 31, 2014	52,982,199	5,797,000
Balances at end of period	$ 52,982	$ 5,797	10,036,846	(93,646)	10,001,979
Asset purchase issuances, shares	52,173,000	5,797,000
Asset purchase issuances, monetary	$ 52,173	$ 5,797	9,967,030	0	10,025,000
Spin off Subsidiary, monetary	$ 0	$ 0	$ (12,584)	$ 0	$ (12,584)

EF Hutton America, Inc. - Cons6

EF Hutton America, Inc. - Consolidated Statement of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net gain (loss)		$ 7,097
Changes in operating assets and liabilities:
Accounts receivable		0
Accrued expenses		0
Net cash used by operating activities - continuing operations		0
Net cash used by operating activities - discontinued operations		(11,572)
Net Cash Used By Operating Activities		(4,475)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash provided by (used for) investing activities - continuing operations		0
Net cash provided by (used for) investing activities - discontinued operations		(42,429)
CASH FLOWS FROM FINANCING ACTIVITIES:
Advance from related party		0
Due from shareholder		0
Net Cash Provided By Financing Activities - continuing operations		0
Net Cash Provided By Financing Activities - discontinued operations		33,000
Net increase (decrease) in cash - continuing operations		0
Net increase (decrease) in cash - discontinued operations		(13,904)
Cash - Beginning of Period - continuing operations		0
Cash - Beginning of Period - discontinued operations		30,817
Cash - End of Period - discontinued operations		(16,913)
SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Purchase of intangible assets in exchange for common shares and Class B common shares		0
Supplemental Disclosure
Cash paid for interest		0
Cash paid for income taxes		$ 0
Restated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net gain (loss)	$ (136,521)
Changes in operating assets and liabilities:
Accounts receivable	0
Accrued expenses	15,530
Net cash used by operating activities - continuing operations	(7,491)
Net cash used by operating activities - discontinued operations	(113,500)
Net Cash Used By Operating Activities	(120,991)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash provided by (used for) investing activities - continuing operations	0
Net cash provided by (used for) investing activities - discontinued operations	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Advance from related party	13,991
Due from shareholder	(6,500)
Net Cash Provided By Financing Activities - continuing operations	7,491
Net Cash Provided By Financing Activities - discontinued operations	0
Net increase (decrease) in cash - continuing operations	0
Net increase (decrease) in cash - discontinued operations	0
Cash - Beginning of Period - continuing operations	0
Cash - Beginning of Period - discontinued operations	0
Cash - End of Period - discontinued operations	0
SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Purchase of intangible assets in exchange for common shares and Class B common shares	10,025,000
Supplemental Disclosure
Cash paid for interest	0
Cash paid for income taxes	$ 0

Note 1 - Nature of Operations

Note 1 - Nature of Operations	12 Months Ended
	Dec. 31, 2014
Notes
Note 1 - Nature of Operations	Note 1 – Nature of Operations Nature of Operations EFH Group, Inc. (the “Company”) was incorporated in the State of Colorado on March 8, 2007 under the name of Twentyfour/seven Ventures, Inc. The name of the Company was changed to EFH Group, Inc. on October 28, 2014. The name of the Company was changed to EF Hutton America, Inc. on March 30, 2015. EF Hutton Financial Corp., a wholly owned subsidiary of the registrant, operates an internet marketplace that connects consumers with a network of financial providers across a range of financial products and services, including, but not limited to insurance, tax, real estate and financial planning. The marketplace, Gateway, connects consumers with a wide range of financial providers and solutions. Gateway makes independent provides a viable choice for consumers by eliminating barriers that impede consumers from using independent providers, primarily through marketing to raise awareness of the independent sector and by standardizing and streamlining the process of selecting and engaging independent financial professionals. Financial providers who register with Gateway benefit by generating new client relationships. In addition to operating Gateway, the subsidiary intends to offer specialty financial services through its institution division. Through its wholly owned subsidiary, the Company is a national provider of financial services to individuals, corporations and institutions. These services include financial planning, investment advice, asset management and private equity. The Company delivers services through a network of affiliates who are independent professional financial advisors and agents. On November 25, 2014, the Company purchased certain assets of EFH Group, Inc., a Wyoming corporation (“EFH Wyoming”). The assets consist of various trademarks and license rights, rights to computer programming code and other intellectual property. The purchase has been deemed an affiliate transaction under generally accepted accounting principles (“GAAP”) and, as such, the assets will be held on the balance sheet at the seller’s carrying value as of November 25, 2014 of $10,025,000. The Company issued a total of 52,173,000 restricted common shares and 5,797,000 restricted Class B common shares as consideration for the EFH Wyoming asset purchase. On November 23, 2014, the assets and liabilities of the Company were contributed at book value to Liberty Ventures, Inc., a then wholly owned subsidiary of the Company. The common shares of EF Hutton Financial Corp., a wholly owned subsidiary of the Company were not included in the spin-off. Effective on November 25, 2014, the Company spun off Liberty Ventures, Inc., its then wholly owned subsidiary, to its shareholders as of November 24, 2014.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Notes
Note 2 - Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with GAAP requires the Company to make estimates, assumptions and judgments that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of expenses during the periods presented. The Company makes the estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available. The Company believes that significant estimates, assumptions and judgments are reasonable, based upon information available at the time they are made. Actual results could differ from these estimates, making it possible that a change in these estimates could occur in the near term. Cash and cash equivalents The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents. Property and equipment Property and equipment are recorded at cost and depreciated under straight line methods over each item's estimated useful life, generally seven years for furniture and fixtures and five years for office equipment. Revenue recognition The Company recognizes revenue when upon receipt of the fees received for services rendered through its Gateway system. 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. 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 shares of common outstanding. Financial Instruments The carrying value of the Company's financial instruments, as reported in the accompanying balance sheet, approximates fair value due to their short term maturities. 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 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. New Accounting Standards From time to time, the Financial Accounting Standards Board ("FASB") or other standards setting bodies issue new accounting pronouncements. Updates to the FASB Accounting Standards Codification ("ASC") are communicated through issuance of an Accounting Standards Update ("ASU"). Unless otherwise discussed, the Company believes that the impact of recently issued guidance, whether adopted or to be adopted in the future, is not expected to have a material impact on the condensed financial statements upon adoption.

Substantial Doubt about Going C

Substantial Doubt about Going Concern	12 Months Ended
	Dec. 31, 2014
Notes
Substantial Doubt about Going Concern	Note 3 – Going Concern The Company’s financial statements have been prepared on a going concern basis that assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company’s ability to continue as a going concern depends on its ability to generate profitable operations in the future and, or, obtaining the necessary financing to meet its obligations and repay its liabilities when they come due. There is no assurance that these events will be satisfactorily completed.

Note 4 - Income Taxes

Note 4 - Income Taxes	12 Months Ended
	Dec. 31, 2014
Notes
Note 4 - Income Taxes	Note 4 - Income Taxes Deferred income taxes arise from the temporary differences between financial statement and income tax recognition of net operating losses and other items. Loss carryovers are limited under the Internal Revenue Code should a significant change in ownership occur. The Company accounts for income taxes pursuant to ASC 740. Income taxes at federal and state statutory rates are reconciled to the Company’s actual income taxes as follows: December 31, 2014 Tax at federal statutory rate (15%) $ 0 State income tax (5%) 0 Book/tax permanent differences: Revenue estimates 0 Expense estimates (136,521) Tax rate estimate 0 Income tax before operating loss carryforwards (136,521) Net loss carryforward 0 Income tax, net $(136,521)

Note 5 - Fair Value of Financia

Note 5 - Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2014
Notes
Note 5 - Fair Value of Financial Instruments	Note 5 – Fair Value of 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. ASC 825, “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company has not elected to apply the fair value option to any outstanding instruments. The Company did not have any liabilities carried at fair value measured on a recurring basis as of December 31, 2014.

Note 6 - Intangible Assets

Note 6 - Intangible Assets	12 Months Ended
	Dec. 31, 2014
Notes
Note 6 - Intangible Assets	Note 6 – Intangible Assets On November 25, 2014, the Company purchased the license to use the EF Hutton name from EFH Group, Inc., a Wyoming corporation. This license has an indefinite useful life. The purchase has been deemed under GAAP to be an affiliate transaction and, therefore, the assets will be held on the balance sheet at the seller’s carrying value of $10,025,000. The Company issued a total of 52,173,000 restricted voting common shares and 5,797,000 restricted non-voting Class B common shares as consideration for the EFH Wyoming asset purchase.

Note 7 - Stockholders' Equity

Note 7 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2014
Notes
Note 7 - Stockholders' Equity	Note 7 – Stockholders’ Equity Common stock Pursuant to the asset purchase agreement, the Company issued the 52,173,000 common shares and 5,797,000 Class B common shares to EFH Wyoming, a company controlled by an officer and director of the registrant. The Class B common shares have the following rights and privileges: Dividend rights - Fifty percent (50%) of the standard common share dividend Liquidation rights - Fifty percent (50%) of standard common share liquidation rights Exchange privileges - Exchangeable for standard common shares on a one for one basis with thirty (30) days prior notice to the Company

Note 8 - Discontinued Operation

Note 8 - Discontinued Operations	12 Months Ended
	Dec. 31, 2014
Notes
Note 8 - Discontinued Operations	Note 8 – Discontinued Operations The Company’s former bonding operations were discontinued during the fourth quarter 2014, at which time the operations of its then subsidiary Liberty Ventures, Inc. were spun off. The financial results of discontinued subsidiaries are presented as discontinued operations during the years ended December 31, 2014 and 2013. The components of the loss from discontinued operations for years ended December 31, 2014 and 2013 are as follows: Year Ended December 31, 2014 Year Ended December 31, 2013 Revenue 548,471 512,710 Cost of revenue 378,139 343,334 Gross profit 170,332 169,376 Selling, general and administrative expenses 229,348 154,853 Income (loss) from operations (59,016) 14,523 Other Income (expense) (115,600) (6,396) Income (loss) before provision for income taxes (174,616) 8,127 Total benefit (provision) for tax 61,116 (1,030) Net income (loss) (113,500) 7,097

Note 9 - Related Party Advances

Note 9 - Related Party Advances	12 Months Ended
	Dec. 31, 2014
Notes
Note 9 - Related Party Advances	Note 9 – Related Party Advances EFH Group Inc., a Wyoming corporation, the majority shareholder of the registrant, advanced the registrant $13,991 during the year ended December 31, 2014. The advance is repayable upon demand and is without interest.

Note 10 - Subsequent Events

Note 10 - Subsequent Events	12 Months Ended
	Dec. 31, 2014
Notes
Note 10 - Subsequent Events	Note 10 – Subsequent Events The Company launched Gateway, an internet service, on March 16, 2015. Gateway is a marketplace for independent financial services and, as such, it connects consumers with a network of financial providers across a range of financial products and services, including: insurance, tax, real estate, financial planning. Gateway operates the network and does not directly provide financial services to consumers, such services are provided by the independent financial providers that register on Gateway. The Company has evaluated subsequent events through the date these condensed financial statements were available to be issued of August 28, 2015, and determined that there are no other reportable subsequent events.

Note 11 - Restatement

Note 11 - Restatement	12 Months Ended
	Dec. 31, 2014
Notes
Note 11 - Restatement	Note 11 - Restatement The Company has restated its financial statements for the year ended December 31, 2014 to restate the carrying value of the assets acquired on November 25, 2014 to reflect the seller’s carrying value because the transaction has been deemed an affiliate transaction. The table below summarizes the impact of the restatement described above: Except from 2014 Consolidated Balance Sheets : As Restated As Originally Reported 2014 2014 Advance from shareholder 6,500 6,500 Brand Assets 10,025,000 157,500,000 Assets from Discontinued Operations Advance from related party 13,991 13,991 Accrued Expenses 15,530 15,530 Common Stock 52,982 52,982 Class B Common Stock 5,797 5,797 Additional Paid in Capital 10,036,846 157,441,221 Accumulated Deficit (93,646) (23,021) Excerpt from 2014 Statement of Operations Operating Expenses 23,021 23,021 Income (Loss) from operations - (23,021) Loss from Continued Operations (23,021) (113,500) Net Income (Loss) (136,521) (23,021) Net Income (loss) on discontinued operations - Excerpt from 2014 Consolidated Statement of Cash Flows Net gain (loss) (136,521) (23,021) Accrued Expenses 15,530 15,530 Net cash used by operating activities - continuing operations (7,491) - Net cash used by operating activities - discontinued operations (113,500) - Net Cash Used in operating activities - (7,491) Excerpt from 2014 Statement of Stockholders’ Equity As Restated EF Hutton America, Inc. STATEMENT OF STOCKHOLDERS’ EQUITY Common Stock Class B Common Stock Additional Paid In Retained Earnings/ Accumulated Total Stockholder' Shares Amount Shares Amount Capital Deficit Equity Balances at December 31, 2012 809,199 $809 $82,400 35,778 $118,987 Net income (loss) for the year - - - 7,097 7,097 Balances at December 31, 2013 809,199 $809 - - $82,400 $42,875 $126,084 Asset purchase issuances 52,173,000 52,173 5,797,000 5,797 9,967,030 - 10,025,000 Spin off Subsidiary (12,584) - (12,584) Net loss for the period - - - - - (136,521) (136,521) Balances at December 31, 2014 52,982,199 52,982 5,797,000 5,797 10,036,846 (93,646) 10,001,070 As Reported EF Hutton America, Inc. STATEMENT OF STOCKHOLDERS’ EQUITY Common Stock Class B Common Stock Additional Paid In Accumulated Total Stockholder' Shares Amount Shares Amount Capital Deficit Equity Balances at November 24, 2014 809,199 809 - - -809 - - Asset purchase issuances 52,173,000 52,173 5,797,000 5,797 10,025,000 - 10,025,000 Net loss for the period - - - - - (23,021) (23,021) Balances at December 31, 2014 52,982,199 52,982 5,797,000 5,797 10,024,191 (23,021) 10,001,979

Note 2 - Summary of Significa18

Note 2 - Summary of Significant Accounting Policies: Use of Estimates (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires the Company to make estimates, assumptions and judgments that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of expenses during the periods presented. The Company makes the estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available. The Company believes that significant estimates, assumptions and judgments are reasonable, based upon information available at the time they are made. Actual results could differ from these estimates, making it possible that a change in these estimates could occur in the near term.

Note 2 - Summary of Significa19

Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
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.

Note 2 - Summary of Significa20

Note 2 - Summary of Significant Accounting Policies: Property and Equipment (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
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, generally seven years for furniture and fixtures and five years for office equipment.

Note 2 - Summary of Significa21

Note 2 - Summary of Significant Accounting Policies: Revenue Recognition (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Revenue Recognition	Revenue recognition The Company recognizes revenue when upon receipt of the fees received for services rendered through its Gateway system.

Note 2 - Summary of Significa22

Note 2 - Summary of Significant Accounting Policies: Income Tax (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
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.

Note 2 - Summary of Significa23

Note 2 - Summary of Significant Accounting Policies: Net Income (loss) Per Share (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
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 shares of common outstanding.

Note 2 - Summary of Significa24

Note 2 - Summary of Significant Accounting Policies: Financial Instruments (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Financial Instruments	Financial Instruments The carrying value of the Company's financial instruments, as reported in the accompanying balance sheet, approximates fair value due to their short term maturities.

Note 2 - Summary of Significa25

Note 2 - Summary of Significant Accounting Policies: Long-lived Assets (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
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 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.

Note 2 - Summary of Significa26

Note 2 - Summary of Significant Accounting Policies: New Accounting Standards (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
New Accounting Standards	New Accounting Standards From time to time, the Financial Accounting Standards Board ("FASB") or other standards setting bodies issue new accounting pronouncements. Updates to the FASB Accounting Standards Codification ("ASC") are communicated through issuance of an Accounting Standards Update ("ASU"). Unless otherwise discussed, the Company believes that the impact of recently issued guidance, whether adopted or to be adopted in the future, is not expected to have a material impact on the condensed financial statements upon adoption.

Note 4 - Income Taxes_ Schedule

Note 4 - Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Components of Income Tax Expense (Benefit)	December 31, 2014 Tax at federal statutory rate (15%) $ 0 State income tax (5%) 0 Book/tax permanent differences: Revenue estimates 0 Expense estimates (136,521) Tax rate estimate 0 Income tax before operating loss carryforwards (136,521) Net loss carryforward 0 Income tax, net $(136,521)

Note 8 - Discontinued Operati28

Note 8 - Discontinued Operations: Disposal Groups, Including Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Disposal Groups, Including Discontinued Operations	Year Ended December 31, 2014 Year Ended December 31, 2013 Revenue 548,471 512,710 Cost of revenue 378,139 343,334 Gross profit 170,332 169,376 Selling, general and administrative expenses 229,348 154,853 Income (loss) from operations (59,016) 14,523 Other Income (expense) (115,600) (6,396) Income (loss) before provision for income taxes (174,616) 8,127 Total benefit (provision) for tax 61,116 (1,030) Net income (loss) (113,500) 7,097

Note 11 - Restatement_ Schedule

Note 11 - Restatement: Schedule of Impact of Restatement on Balance Sheets (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Impact of Restatement on Balance Sheets	Except from 2014 Consolidated Balance Sheets : As Restated As Originally Reported 2014 2014 Advance from shareholder 6,500 6,500 Brand Assets 10,025,000 157,500,000 Assets from Discontinued Operations Advance from related party 13,991 13,991 Accrued Expenses 15,530 15,530 Common Stock 52,982 52,982 Class B Common Stock 5,797 5,797 Additional Paid in Capital 10,036,846 157,441,221 Accumulated Deficit (93,646) (23,021) Excerpt from 2014 Statement of Operations Operating Expenses 23,021 23,021 Income (Loss) from operations - (23,021) Loss from Continued Operations (23,021) (113,500) Net Income (Loss) (136,521) (23,021) Net Income (loss) on discontinued operations -

Note 11 - Restatement_ Schedu30

Note 11 - Restatement: Schedule of Impact of Restatement on Statement of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Impact of Restatement on Statement of Cash Flows	Excerpt from 2014 Consolidated Statement of Cash Flows Net gain (loss) (136,521) (23,021) Accrued Expenses 15,530 15,530 Net cash used by operating activities - continuing operations (7,491) - Net cash used by operating activities - discontinued operations (113,500) - Net Cash Used in operating activities - (7,491)

Note 11 - Restatement_ Schedu31

Note 11 - Restatement: Schedule of Impact of Restatement on Statement of Stockholders Equity (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Impact of Restatement on Statement of Stockholders Equity	Excerpt from 2014 Statement of Stockholders’ Equity As Restated EF Hutton America, Inc. STATEMENT OF STOCKHOLDERS’ EQUITY Common Stock Class B Common Stock Additional Paid In Retained Earnings/ Accumulated Total Stockholder' Shares Amount Shares Amount Capital Deficit Equity Balances at December 31, 2012 809,199 $809 $82,400 35,778 $118,987 Net income (loss) for the year - - - 7,097 7,097 Balances at December 31, 2013 809,199 $809 - - $82,400 $42,875 $126,084 Asset purchase issuances 52,173,000 52,173 5,797,000 5,797 9,967,030 - 10,025,000 Spin off Subsidiary (12,584) - (12,584) Net loss for the period - - - - - (136,521) (136,521) Balances at December 31, 2014 52,982,199 52,982 5,797,000 5,797 10,036,846 (93,646) 10,001,070 As Reported EF Hutton America, Inc. STATEMENT OF STOCKHOLDERS’ EQUITY Common Stock Class B Common Stock Additional Paid In Accumulated Total Stockholder' Shares Amount Shares Amount Capital Deficit Equity Balances at November 24, 2014 809,199 809 - - -809 - - Asset purchase issuances 52,173,000 52,173 5,797,000 5,797 10,025,000 - 10,025,000 Net loss for the period - - - - - (23,021) (23,021) Balances at December 31, 2014 52,982,199 52,982 5,797,000 5,797 10,024,191 (23,021) 10,001,979

Note 1 - Nature of Operations (

Note 1 - Nature of Operations (Details) - USD ($)	Nov. 26, 2014	Nov. 25, 2014
Details
Assets purchased value		$ 10,025,000
Common shares issued for asset purchase	52,173,000
Class B common shares issued for asset purchase	5,797,000

Note 4 - Income Taxes_ Schedu33

Note 4 - Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Details)	Dec. 31, 2014USD ($)
Details
Tax at federal statutory rate (15%)	$ 0
State income tax (5%)	0
Revenue estimates	0
Expense estimates	(136,521)
Tax rate estimate	0
Income tax before operating loss carryforwards	(136,521)
Operating Loss Carryforwards	0
Income tax, net	$ (136,521)

Note 6 - Intangible Assets (Det

Note 6 - Intangible Assets (Details) - USD ($)	Nov. 26, 2014	Nov. 25, 2014
Details
Assets purchased value		$ 10,025,000
Common shares issued for asset purchase	52,173,000
Class B common shares issued for asset purchase	5,797,000

Note 7 - Stockholders' Equity (

Note 7 - Stockholders' Equity (Details)	Nov. 26, 2014shares
Details
Common shares issued for asset purchase	52,173,000
Class B common shares issued for asset purchase	5,797,000

Note 8 - Discontinued Operati36

Note 8 - Discontinued Operations: Disposal Groups, Including Discontinued Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Disposal Group, Including Discontinued Operation, Revenue	$ 548,471	$ 512,710
Disposal Group, Including Discontinued Operation, Costs of Goods Sold	378,139	343,334
Disposal Group, Including Discontinued Operation, Gross Profit (Loss)	170,332	169,376
Disposal Group, Including Discontinued Operation, General and Administrative Expense	229,348	154,853
Disposal Group, Including Discontinued Operation, Operating Income (Loss)	(59,016)	14,523
Disposal Group, Including Discontinued Operation, Other Income	(115,600)	(6,396)
Discontinued Operation, Provision for Loss (Gain) on Disposal, before Income Tax	(174,616)	8,127
Income Tax Expense (Benefit), Continuing Operations, Discontinued Operations, Extraordinary Items	61,116	(1,030)
Net income (loss) on discontinued operations	$ (113,500)	$ 7,097

Note 9 - Related Party Advanc37

Note 9 - Related Party Advances (Details)	12 Months Ended
	Dec. 31, 2014USD ($)
Details
Proceeds from Related Party Debt	$ 13,991