HUTN (HUTN) 10-Q/A 1 Apr 16 2015 Q2 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($)	6 Months Ended
	Jun. 30, 2015	Mar. 22, 2016	Jun. 30, 2014
Document and Entity Information:
Entity Registrant Name	EF Hutton America, Inc.
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Trading Symbol	hutn
Amendment Flag	true
Entity Central Index Key	1,565,700
Current Fiscal Year End Date	--12-31
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	2,015
Document Fiscal Period Focus	Q2
Entity Common Stock, Shares Outstanding		53,709,673
Amendment Description	1

EF Hutton America, Inc. - Conde

EF Hutton America, Inc. - Condensed Balance Sheets - As of June 30, 2015 (Unaudited) and December 31, 2014 (Audited) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets
Cash	$ 1,917	$ 0
Due from shareholder	12,500	6,500
Total current assets	14,417	6,500
Other assets:
Loans Receivable	40,250	0
Accrued Interest Receivable	973	0
Goodwill	30,000	0
Brand assets	10,025,000	10,025,000
Total other assets	10,096,223	10,025,000
Total Assets	10,110,640	10,031,500
Current liabilities:
Advances from related parties	46,418	13,991
Advance from shareholder to be settled in stock	50,000	0
Due to related party	42,000	0
Accounts payable	29,145	0
Accrued expense to be settled in stock	124,000	0
Accrued expenses	12,070	15,530
Total current liabilities	303,633	29,521
Total liabilities	303,633	29,521
Commitments and Contingencies	0	0
Stockholders' equity:
Common stock, $0.001 par value; 90,000,000 shares authorized; 53,477,673 and 52,982,199 shares issued & outstanding, respectively	53,478	52,982
Class B common stock, $0.001 par value, 10,000,000 shares authorized, 5,797,000 issued and outstanding	5,797	5,797
Additional paid-in capital	10,420,373	10,036,846
Accumulated deficit	(672,641)	(93,646)
Total stockholders' equity	9,807,007	10,001,979
Total Liabilities and Stockholders' Equity	$ 10,110,640	$ 10,031,500

EF Hutton America, Inc. - Balan

EF Hutton America, Inc. - Balance Sheets (Parentheticals)(USD $) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	53,477,673	52,982,199
Common stock, shares outstanding	53,477,673	52,982,199
Class B common stock, par value (in dollars per share)	0.001	0.001
Class B common stock, shares authorized	10,000,000	10,000,000
Class B common stock, shares issued	5,797,000	5,797,000
Class B common stock, shares outstanding	5,797,000	5,797,000

EF Hutton America, Inc. - Cond4

EF Hutton America, Inc. - Condensed Statement of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Operating expenses
Professional Fees	$ 36,913	$ 0	$ 50,692	$ 0
Rent Expenses	1,350	0	1,755	0
Selling and Marketing	0	0	5,000	0
Stock-based compensation	180,000	0	462,023	0
General and administrative	25,772	0	60,497	0
Total operating expenses	244,035	0	579,967	0
Other income
Interest income	(973)	0	(973)	0
Net other income	(973)	0	(973)	0
Loss from continuing operations (net of tax)	(243,062)	0	(578,994)	0
Discontinued operations:
Loss on discontinued operations (net of tax)	0	(73,258)	0	(92,251)
Net loss from continuing operations	(243,062)	0	(578,994)	0
Net loss from discontinued operations	0	(73,258)	0	0
Basic and diluted loss per common share
Loss from continuing operations	0	0	0	0
Loss from discontinued operations	$ 0	$ 0	$ 0	$ 0
Net loss per share - basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding - basic and diluted	53,143,095	8,000,000	53,143,095	800,000

EF Hutton America, Inc. - Cond5

EF Hutton America, Inc. - Condensed Statement of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (578,994)	$ (92,251)
Non Cash Adjustments
Stock Based Compensation	462,023	0
Changes in operating assets and liabilities:
Accounts payable	29,145	0
Due to related party	4,200	0
Accrued expenses	(4,424)	0
Net Cash Used by Operating Activities - Continuing Operations	(19,287)	0
Net Cash Used by Operating Activities - Discontinued Operations	0	40,991
CASH FLOWS FROM INVESTING ACTIVITIES:
Fixed asset purchase	0	(459)
Acquisition of intangible reserves	0	(12,000)
Increase in restricted cash reserves	0	(4,788)
Net Cash Used in Investing Activities - Continuing Operations	0	0
Net Cash Used in Investing Activities - Discontinued Operations	$ 0	$ (17,247)
CASH FLOWS FROM FINANCING ACTIVITIES:
Shares issued for cash	16,000	0
Advances from related parties	$ 32,427	$ 0
Advances from shareholder to be settled in stock	50,000	0
Due from shareholder	(6,000)	0
Loan receivable	(40,250)	0
Debt issuance costs	0	(3,000)
Convertible note payable	0	53,000
Convertible note payable, related party	0	15,000
Net Cash Provided By Financing Activities - Continuing Operations	51,204	0
Net Cash Provided By Financing Activities - Discontinued Operations	0	65,000
Net increase (decrease) in cash - Continuing operations	1,917	0
Net increase (decrease) in cash - Discontinued operations	0	6,762
Cash - Beginning of Period - Continuing Operations	0	0
Cash - Beginning of Period - Discontinued Operations	0	16,913
Cash - End of Period - Continuing Operations	1,917	0
Cash - End of Period - Discontinued Operations	0	23,687
SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued in registered investment advisor acquisition	30,000	0
Supplemental Disclosure
Cash paid for interest	0	0
Cash paid for income taxes	$ 0	$ 0

Note 1 - Nature of Operations

Note 1 - Nature of Operations	6 Months Ended
	Jun. 30, 2015
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. Effective April 24, 2015, the name of the Company was changed to EF Hutton America, Inc. 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, our subsidiary intends to offer specialty financial services through its institution division. 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 of the assets was deemed under Generally Accepted Accounting Principles (“GAAP”) to be an affiliate transaction and, as such, the assets are carried at the seller’s carrying value 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 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. to its shareholders as of November 24, 2014.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
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. 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.

Note 3 - Going Concern

Note 3 - Going Concern	6 Months Ended
	Jun. 30, 2015
Notes
Note 3 - 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	6 Months Ended
	Jun. 30, 2015
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.

Note 5 - Fair Value of Financia

Note 5 - Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2015
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’s financial instruments primarily consist of cash, accounts payable, accrued expenses and advances and amounts due to related parties. Fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The carrying amount of cash, accounts receivable, prepaid rent, customer deposits held, accounts and income taxes payable, accrued liabilities, customer deposits owed and deferred purchase agreement approximate fair value because of the short-term nature of these financial instruments. The carrying amounts of its advances and amounts due to related parties approximates fair value as of the condensed balance sheets dates presented, because interest rates on these instruments approximate market interest rates after consideration of stated interest rates.

Note 6 - Intangible Assets

Note 6 - Intangible Assets	6 Months Ended
	Jun. 30, 2015
Notes
Note 6 - Intangible Assets	Note 6 – Intangible Assets On November 25, 2014, the Company purchased certain assets from EFH Group, Inc., a Wyoming corporation. The license to use the EF Hutton name was the only material asset purchased. This license has an indefinite useful life. The purchase of the assets was deemed under GAAP to be an affiliate transaction and, as such, the assets are carried 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. On May 6, 2015, the Company acquired a registered investment advisor with no material assets or liabilities. Pursuant to the acquisition, the Company issued 37,500 common shares valued at $30,000.

Note 7 - Stockholders' Equity

Note 7 - Stockholders' Equity	6 Months Ended
	Jun. 30, 2015
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. On February 2, 2015, the Company issued 11,034 common shares as stock based compensation for services valued at $8,055. On March 17, 2015, the Company issued 26,940 common shares as stock based compensation for services valued at $9,968. On March 24, 2015, the Company issued 100,000 common shares each to Messrs. Christopher Daniels and Stanley Hutton, officers and directors of the Company, with an aggregate value of $160,000. On May 6, 2015, the Company issued 37,500 common shares valued at $30,000 for the acquisition of a registered investment advisor with no material assets or liabilities. On June 12, 2015, the Company issued 20,000 common shares for cash at $16,000. On June 18, 2015, the Company issued 200,000 common shares to Craig Marchek for services valued at $80,000.

Note 8 - Related Party Advances

Note 8 - Related Party Advances	6 Months Ended
	Jun. 30, 2015
Notes
Note 8 - Related Party Advances	Note 8 – Related Party Advances Stanley Hutton Rumbough, a director of the registrant, advanced the registrant $18,367 during the six months ended June 30, 2015. The advance is repayable upon demand and is without interest. Additionally, during the six months ended June 30, 2015, Mr. Rumbough purchased 120,000 common shares for $50,000. The common shares have not yet been issued. Christopher Daniels, an officer and director of the registrant, advanced the registrant $7,960 during the six months ended June 30, 2015. The advance is repayable upon demand and is without interest. John Daniels, a director of the registrant, advanced the registrant $100 during the six months ended June 30, 2015. The advance is repayable upon demand and is without interest. On April 28, 2015, the Company authorized the issuance of 200,000 common shares to John Daniels, a director of the Company, with an aggregate value of $124,000. The common shares have not yet been issued. 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. For the six months ended June 30, 2015, the Company incurred expenses of $42,000 due to Impacct, LLC, an entity controlled by Lance Diamond, an officer of the Company. On March 24, 2015, the Company issued 100,000 common shares each to Messrs. Christopher Daniels and Stanley Hutton, officers and directors of the Company, with an aggregate value of $160,000.

Note 9 - Subsequent Events

Note 9 - Subsequent Events	6 Months Ended
	Jun. 30, 2015
Notes
Note 9 - Subsequent Events	Note 9 – Subsequent Events The Company has evaluated subsequent events through the date these condensed financial statements were available to be issued of September 21, 2015, and determined that there are no other reportable subsequent events.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015USD ($)
Income Taxes:
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals	$ (68,249)
Deferred Tax Assets, Net of Valuation Allowance	$ 68,249
Schedule of Components of Income Tax Expense (Benefit)	June 30, 2015 Tax at federal statutory rate (15%) $ 0 State income tax (5%) 0 Book/tax permanent differences: Expense estimates (454,994) Net operating loss carryforward 0 Total Deferred Tax Asset $ 68,249 Reserve for Deferred Tax Asset $(68,249) Deferred tax asset, net 0

Note 2 - Summary of Significa16

Note 2 - Summary of Significant Accounting Policies: Use of Estimates (Policies)	6 Months Ended
	Jun. 30, 2015
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 Significa17

Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	6 Months Ended
	Jun. 30, 2015
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 Significa18

Note 2 - Summary of Significant Accounting Policies: Property and Equipment (Policies)	6 Months Ended
	Jun. 30, 2015
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 Significa19

Note 2 - Summary of Significant Accounting Policies: Revenue Recognition (Policies)	6 Months Ended
	Jun. 30, 2015
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 Significa20

Note 2 - Summary of Significant Accounting Policies: Income Tax (Policies)	6 Months Ended
	Jun. 30, 2015
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 Significa21

Note 2 - Summary of Significant Accounting Policies: Net Income (loss) Per Share (Policies)	6 Months Ended
	Jun. 30, 2015
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 Significa22

Note 2 - Summary of Significant Accounting Policies: Long-lived Assets (Policies)	6 Months Ended
	Jun. 30, 2015
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 Significa23

Note 2 - Summary of Significant Accounting Policies: New Accounting Standards (Policies)	6 Months Ended
	Jun. 30, 2015
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 1 - Nature of Operations (

Note 1 - Nature of Operations (Details) - USD ($)	Nov. 26, 2014	Nov. 25, 2014
Details
Assets purchased value	$ 57,970,000	$ 10,025,000
Common shares issued for asset purchase	52,173,000
Class B common shares issued for asset purchase	5,797,000

Note 6 - Intangible Assets (Det

Note 6 - Intangible Assets (Details) - USD ($)	May. 06, 2015	Nov. 26, 2014	Nov. 25, 2014
Details
Assets purchased value		$ 57,970,000	$ 10,025,000
Common shares issued for asset purchase		52,173,000
Class B common shares issued for asset purchase		5,797,000
Common shares issued for investment advisor	37,500
Value of common shares issued for investment advisor	$ 30,000

Note 7 - Stockholders' Equity (

Note 7 - Stockholders' Equity (Details) - USD ($)	Jun. 18, 2015	Jun. 12, 2015	May. 06, 2015	Mar. 24, 2015	Mar. 17, 2015	Feb. 02, 2015	Nov. 26, 2014
Details
Common shares issued for asset purchase							52,173,000
Class B common shares issued for asset purchase							5,797,000
Shares issued as compensation for services	200,000				26,940	11,034
Value of stock based compensation for services	$ 80,000				$ 9,968	$ 8,055
Shares issued to a related party				100,000
Value of shares issued to a related party				$ 160,000
Common shares issued for investment advisor			37,500
Value of common shares issued for investment advisor			$ 30,000
Common shares issued for cash		20,000
Value of shares issued for cash		$ 16,000

Note 8 - Related Party Advanc27

Note 8 - Related Party Advances (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Apr. 28, 2015	Mar. 24, 2015
Details
Proceeds from Rumbough related party debt	$ 18,367
Common shares purchased	120,000
Value of common shares purchased	$ 50,000
Proceeds from Christopher Daniels related party debt	7,960
Proceeds from John Daniels related party debt	100
Common shares issued to John Daniels			200,000
Value of common shares issued to John Daniels			$ 124,000
Proceeds from Related Party Debt		$ 13,991
Proceeds from Impacct related party debt	$ 42,000
Shares issued to a related party				100,000
Value of shares issued to a related party				$ 160,000