Double Down 10-Q 8 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	1-May-15
Document And Entity Information [Abstract]
Entity Registrant Name	Ticket Corp.
Entity Central Index Key	1570279
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		48,000,000
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash	$10,957	$30,577
Accounts Receivable	52,000	11,000
Inventory
Ticket Assignment Agreement	240,000	240,000
Total Current Assets	302,957	281,577
TOTAL ASSETS	302,957	281,577
Current Liabilities:
Accounts Payable	440	10,498
Interest Payable	800	200
Due to Related Party	100	100
Total Current Liabilities	1,340	10,798
Long Term Liabilities:
Note Payable - Shareholder	240,000	240,000
Total Current Liabilities	240,000	240,000
TOTAL LIABILITIES	241,340	250,798
STOCKHOLDERS' EQUITY
Common stock: authorized 100,000,000; $0.001 par value; 48,000,000 shares issued and outstanding at March 31, 2015 and December 31, 2014	34,500	34,500
Paid in capital	48,000	48,000
Deficit accumulated during the development stage	-20,883	-51,721
Total Stockholders' Equity	61,617	30,779
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$302,957	$281,577

BALANCE_SHEETS_Parentheticals

BALANCE SHEETS (Parentheticals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, shares authorized	100,000,000	100,000,000
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares issued	48,000,000	48,000,000
Common stock, shares outstanding	48,000,000	48,000,000

STATEMENTS_OF_OPERATIONS_Unaud

STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended		26 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015
Income Statement [Abstract]
REVENUES	$65,000	$5,000	$178,500
TOTAL REVENUES	65,000	5,000	178,500
COST OF GOODS SOLD
Beta Test Expense		372	372
Purchases - Resale Tickets	30,918	19,411	90,510
TOTAL COST OF GOODS SOLD	30,918	19,783	90,882
GROSS PROFIT	34,082	-14,783	87,618
Operating Expenses:
General and administrative	2,645	5,229	107,701
Interest Expense	600		800
Total Expenses	3,245	5,229	108,501
Net loss for the period	$30,837	($20,012)	($20,883)
Net loss per share:
Basic and diluted (in dollars per share)	$0.00	($0.00)	$0
Weighted average number of shares outstanding:
Basic and diluted (in shares)	48,000,000	33,000,000	48,000,000

STATEMENTS_OF_CASH_FLOWS_Unaud

STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended		26 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015
Operating activities:
Net profit (loss)	$30,837	($20,012)	($20,883)
Changes in assets and liabilities:
Accounts Receivable	-41,000	5,000	-52,000
Inventory		372
Ticket Assignment Agreement			-240,000
Accounts Payable	-10,058	7,027	440
Note Payable - Rheingrover			100
Interest Payable	600		800
Net cash provided by operating activities	-19,620	-7,614	-311,543
Financing activities:
Note Payable - Shareholder			240,000
Capital stock			48,000
Additional Paid-in Capital			34,500
Net cash provided by financing activities			322,500
Net increase in cash	-19,620	-7,614	10,957
Cash, beginning of period	30,577	17,472
Cash, end of period	10,957	9,858	10,957
Cash paid during the period
Taxes
Interest

ORGANIZATION_AND_DESCRIPTION_O

ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1.   ORGANIZATION AND DESCRIPTION OF BUSINESS
	Ticket Corp. (the Company) was incorporated under the laws of the State of Nevada on January 17, 2013.  The Company was formed to become a provider of tickets in the San Francisco Bay Area and a national provider of premium seats and entrance to concerts, sporting events, theatre and entertainment, including corporate and group ticketing, special events and promotions worldwide.
	The Company is in the development stage. Its activities to date have been limited to capital formation, organization, development of its business plan and limited revenue production.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Accounting
	The Company's financial statements are prepared using the accrual method of accounting.  On November 1, 2014 the Board of Directors changed the year end of the Company from January 31 to December 31.  The change to the year-end has resulted in the Company filing its annual report on Form 10-K for the year ending December 31, 2014.
	Basic Loss per Share
	ASC No. 260, "Earnings per Share", specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.   The Company has adopted the provisions of ASC No. 260.
	Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding.  Diluted loss per share is the same as basic loss per share due to the lack of dilutive items in the Company.
	Cash Equivalents
	The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
	Use of Estimates and Assumptions
	The preparation of financial statements in conformity with generally accepted accounting principles 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. Actual results could differ from those estimates. In accordance with ASC No. 250 all adjustments are normal and recurring.
	Income Taxes
	Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes.  A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry-forwards.  Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.
	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.
	Revenue
	The Company records revenue on the accrual basis when all goods and services have been performed and delivered, the amounts are readily determinable, and collection is reasonably assured.

RECENT_ACCOUNTING_PRONOUCEMENT

RECENT ACCOUNTING PRONOUCEMENTS	3 Months Ended
	Mar. 31, 2015
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUCEMENTS	NOTE 3.   RECENT ACCOUNTING PRONOUCEMENTS
	The Company has evaluated all the recent accounting pronouncements through the date the financial statements were issued and filed with the Securities and Exchange Commission and believe that none of them will have a material effect on the Company's financial statements.

GOING_CONCERN

GOING CONCERN	3 Months Ended
	Mar. 31, 2015
Going Concern [Abstract]
GOING CONCERN	NOTE 4.   GOING CONCERN
	The accompanying financial statements are presented on a going concern basis.  The Company had limited operations during the period from January 17, 2013 (date of inception) to March 31, 2014.  This condition raises substantial doubt about the Company's ability to continue as a going concern.  The Company is currently in the development stage and has minimal expenses, management believes that the Company's current cash of $10,957 plus current revenues is sufficient to cover the expenses they will incur during the next twelve months.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 5.   RELATED PARTY TRANSACTIONS
	The sole officer and two directors of the Company may, in the future, become involved in other business opportunities as they become available, they may face a conflict in selecting between the Company and their other business opportunities.  The Company has not formulated a policy for the resolution of such conflicts.
	As of March 31, 2015, $100 is owed to Russell Rhiengrover, CEO, from funds loaned by him to the Company and is non-interest bearing with no specific repayment terms.
	On December 17, 2014 the Company signed a Promissory Note in the amount of $240,000 with Russell Rheingrover.  The note has an annual interest of 1.00%.  The maturity date of the note is March 13, 2018.  The note is associated with an Assignment Agreement between the Company and Mr. Rheingrover wherein Mr. Rheingrover assigned all of his rights to the Stadium Builders License Agreement with the Santa Clara Stadium Authority to purchase and resell tickets to San Francisco 49er's games with a fair market value of $80,000 per year for three years.

STOCK_TRANSACTIONS

STOCK TRANSACTIONS	3 Months Ended
	Mar. 31, 2015
Stock Transactions [Abstract]
STOCK TRANSACTIONS	NOTE 6.  STOCK TRANSACTIONS
	On January 31, 2013, the Company issued a total of 33,000,000 shares of common stock to its sole officer Russell Rhiengrover for cash in the amount of $0.001 per share for a total of $33,000.
	The company's Registration Statement on Form S-1 was declared effective on July 25, 2014.  In October 2014 the company sold 15,000,000 shares of common stock to 50 independent shareholders at a price of $0.033 per share for total proceeds of $49,500, pursuant to the Registration Statement.
	As of March 31, 2015 the Company had 48,000,000 shares of common stock issued and outstanding.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 7.  STOCKHOLDERS' EQUITY
	The stockholders' equity section of the Company contains the following classes of capital stock as of March 31, 2015:
	Common stock, $ 0.001 par value: 100,000,000 shares authorized; 48,000,000 shares issued and outstanding.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 8.  SUBSEQUENT EVENTS
	The Company evaluated all other events or transactions that occurred after March 31, 2015 up through date the Company issued these financial statements and found no subsequent event that needed to be reported.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Accounting	Basis of Accounting
	The Company's financial statements are prepared using the accrual method of accounting.  On November 1, 2014 the Board of Directors changed the year end of the Company from January 31 to December 31.  The change to the year-end has resulted in the Company filing its annual report on Form 10-K for the year ending December 31, 2014.
Basic Loss per Share	Basic Loss per Share
	ASC No. 260, "Earnings per Share", specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.   The Company has adopted the provisions of ASC No. 260.
	Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding.  Diluted loss per share is the same as basic loss per share due to the lack of dilutive items in the Company.
Cash Equivalents	Cash Equivalents
	The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
Use of Estimates and Assumptions	Use of Estimates and Assumptions
	The preparation of financial statements in conformity with generally accepted accounting principles 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. Actual results could differ from those estimates. In accordance with ASC No. 250 all adjustments are normal and recurring.
Income Taxes	Income Taxes
	Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes.  A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry-forwards.  Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.
	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.
Revenue	Revenue
	The Company records revenue on the accrual basis when all goods and services have been performed and delivered, the amounts are readily determinable, and collection is reasonably assured.

GOING_CONCERN_Detail_Textuals

GOING CONCERN (Detail Textuals) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Going Concern [Abstract]
Cash	$10,957	$30,577	$9,858	$17,472

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Detail Textuals) (USD $)	1 Months Ended
	Dec. 17, 2014	Mar. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Due to related party		$100	$100
Russell Rhiengrover
Related Party Transaction [Line Items]
Due to related party		100
Russell Rhiengrover | Promissory note
Related Party Transaction [Line Items]
Promissory note amount	240,000
Annual interest rate	1.00%
Maturity date of note	13-Mar-18
Fair market value of tickets	$80,000
License agreement term	3 years

STOCK_TRANSACTIONS_Detail_Text

STOCK TRANSACTIONS (Detail Textuals) (USD $)	1 Months Ended
	Oct. 31, 2014	Jan. 31, 2013	Mar. 31, 2015	Dec. 31, 2014
	shareholder
Stock Transactions [Line Items]
Number of shares issued	15,000,000
Number of independent shareholder	50
Per share amount of shares issued (in dollars per share)	$0.03
Value of shares issued	$49,500
Common stock, shares issued			48,000,000	48,000,000
Common stock, shares outstanding			48,000,000	48,000,000
Russell Rhiengrover
Stock Transactions [Line Items]
Number of shares issued		33,000,000
Per share amount of shares issued (in dollars per share)		$0.00
Value of shares issued		$33,000

STOCKHOLDERS_EQUITY_Detail_Tex

STOCKHOLDERS' EQUITY (Detail Textuals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Equity [Abstract]
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	48,000,000	48,000,000
Common stock, shares outstanding	48,000,000	48,000,000