Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | |
Document and Entity Information: | ||
Entity Registrant Name | Active With Me Inc. | |
Document Type | 10-K | |
Document Period End Date | Jun. 30, 2015 | |
Trading Symbol | awmi | |
Amendment Flag | false | |
Entity Central Index Key | 1,582,249 | |
Current Fiscal Year End Date | --06-30 | |
Entity Common Stock, Shares Outstanding | 3,305,000 | |
Entity Public Float | $ 3,305 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | FY |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Jun. 30, 2015 | Jun. 30, 2014 | |
Current assets | |||
Cash | $ 35 | $ 6,335 | |
Total current assets | 35 | 6,335 | |
Other assets | 350 | 350 | |
Total assets | 385 | 6,685 | |
Liabilities | |||
Accounts payable | 4,201 | 375 | |
Loan payable to related parties | 7,236 | 605 | |
Current liabilities | 11,437 | 980 | |
Total liabilities | 11,437 | 980 | |
Commitments and contingencies | [1] | 0 | 0 |
Stockholders' deficit | |||
Preferred Stock | 0 | 0 | |
Common Stock | 3,305 | 3,305 | |
Additional paid in capital | 47,795 | 47,795 | |
Accumulated deficit | (62,152) | (45,395) | |
Stockholders' equity (deficit) | (11,052) | 5,705 | |
Total liabilities and stockholders' equity (deficit) | $ 385 | $ 6,685 | |
[1] | See Note 6. |
Statement of Financial Position
Statement of Financial Position - Parenthetical - $ / shares | Jun. 30, 2015 | Jun. 30, 2014 |
Statement of Financial Position | ||
Preferred Stock, Par Value | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Common Stock, Par Value | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 65,000,000 | 65,000,000 |
Common Stock, Shares Issued | 3,305,000 | 3,305,000 |
Common Stock, Shares Outstanding | 3,305,000 | 3,305,000 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Operating expenses: | ||
General and administrative | $ 16,757 | $ 40,035 |
Total operating expenses | 16,757 | 40,035 |
Net loss | $ (16,757) | $ (40,035) |
Basic and Diluted Loss Per Share | $ 0 | $ 0 |
Weighted average common shares outstanding - basic and diluted | 3,305,000 | 3,305,000 |
STATEMENT OF CHANGES IN STOCKHO
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) For the years ended June 30, 2015 and June 30, 2014 - USD ($) | Total | Common Stock | Additional Paid-in Capital | Deficit Accumulated | Total Stockholders' Equity (Deficit) |
Balance, Value at Jun. 30, 2013 | $ 3,305 | $ 47,795 | $ (5,360) | $ 45,740 | |
Balance, Shares at Jun. 30, 2013 | 3,305,000 | 0 | 0 | 0 | |
Net loss (profit/loss) | $ 0 | $ 0 | $ (40,035) | $ (5,360) | |
Balance, Value at Jun. 30, 2014 | $ 3,305 | $ 47,795 | $ (45,395) | $ 5,705 | |
Balance, Shares at Jun. 30, 2014 | 3,305,000 | 3,305,000 | 0 | 0 | 0 |
Net loss (profit/loss) | $ 0 | $ 0 | $ (16,757) | $ (16,757) | |
Balance, Value at Jun. 30, 2015 | $ 3,305 | $ 47,795 | $ (62,152) | $ (11,052) | |
Balance, Shares at Jun. 30, 2015 | 3,305,000 | 3,305,000 | 0 | 0 | 0 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Operating activities: | ||
Net loss | $ (16,757) | $ (40,035) |
Changes in operating assets and liabilities: | ||
Other assets (increase/decrease) | 0 | (350) |
Accounts payable (increase/decrease) | 3,826 | 375 |
Net cash used in operating activities | (12,931) | (40,010) |
Financing activities: | ||
Proceeds from loan payable - related parties | 6,631 | 0 |
Net cash provided by financing activities | 6,631 | 0 |
Net decrease in cash | (6,300) | (40,010) |
Cash, beginning of year | 6,335 | 46,345 |
Cash, end of year | 35 | 6,335 |
Cash paid for income taxes | 0 | 0 |
Cash paid for interest | $ 0 | $ 0 |
Note 1 Nature of Business
Note 1 Nature of Business | 12 Months Ended |
Jun. 30, 2015 | |
Notes | |
Note 1 Nature of Business | Note 1 Nature of Business Business Overview Active With Me, Inc., (the Company), was incorporated in the State of Nevada on December 6, 2012 to create a web-based service that will offer travelers unique, relevant and user-friendly information on activity-based travel. Listings will be provided for product and service providers of interest to the activity-based traveler. |
Note 2 Summary of Significant A
Note 2 Summary of Significant Accounting Policies | 12 Months Ended |
Jun. 30, 2015 | |
Notes | |
Note 2 Summary of Significant Accounting Policies | Note 2 Summary of Significant Accounting Policies Cash Cash equivalents includes highly liquid short-term investments, with original maturities of three months or less. At June 30, 2015 and June 30, 2014, the company had no cash equivalents. Concentration of Risk As of June 30, 2015 the Company maintained its cash account at one commercial bank. The cash balance at June 30, 2015 was within the FDIC coverage of deposits totaling $250,000 per owner. Use of Estimates Our management has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with accounting principles generally accepted in the United States of America. Net Loss per Share Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. As of June 30, 2015 and 2014 there were no common equivalent shares. Research and Development Costs The Company expenses research and development costs as incurred. |
Note 3 Going Concern
Note 3 Going Concern | 12 Months Ended |
Jun. 30, 2015 | |
Notes | |
Note 3 Going Concern | Note 3 Going Concern The accompanying financial statements have been prepared on a going concern basis, which assumes the Company will realize its assets and discharge its liabilities in the normal course of business. As reflected in the accompanying financial statements, the Company, has an accumulated deficit of $62,152 as of June 30, 2015. The Companys ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Managements plans include obtaining additional funds by equity financing through a reverse merger transaction and/or related party advances; however there is no assurance of additional funding being available. These conditions raise substantial doubt about the Companys ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might arise as a result of this uncertainty. |
Note 4 Loan Payable - Related P
Note 4 Loan Payable - Related Parties | 12 Months Ended |
Jun. 30, 2015 | |
Notes | |
Note 4 Loan Payable - Related Parties | Note 4 Loan Payable - Related Parties On December 6, 2012, the Company received from its sole Director, President and shareholder, a loan of $605 which such proceeds were utilized to pay for initial organization costs of the Company. During the year ended June 30, 2015, the Company received from its sole Director, President and shareholder an additional loan of $2,631 , which such proceeds were utilized to pay for additional operating expenses of the Company. During the year ended June 30, 2015, the Company received from another shareholder, in the aggregate amount of $4,000 , which such proceeds were utilized to pay for operational expenses of the Company. The loans are not secured, have no specific maturity dates and the loans are expected to be repaid from future proceeds received by the Company. There are no other terms to the loans. The balance of the loan payable to officer and shareholder in aggregate are $7,236 and $605 , as of June 30, 2015 and June 30, 2014, respectively. |
Note 5 Stockholders' Equity (de
Note 5 Stockholders' Equity (deficit) | 12 Months Ended |
Jun. 30, 2015 | |
Notes | |
Note 5 Stockholders' Equity (deficit) | Note 5 Stockholders Equity (Deficit) Authorized Shares The Companys Articles of Incorporation authorize the issuance of up to 10,000,000 shares of $0.001 par value preferred stock. As of June 30, 2015 and June 30, 2014, there was no preferred stock outstanding. The Companys Articles of Incorporation authorize the issuance of up to 65,000,000 shares of $0.001 par value common stock. As of June 30, 2015 and June 30, 2014, there were 3,305,000 , shares of $0.001 par value common stock issued and outstanding. |
Note 6 Commitments
Note 6 Commitments | 12 Months Ended |
Jun. 30, 2015 | |
Notes | |
Note 6 Commitments | Note 6 Commitments As of June 30, 2015, the Company had not entered into any material operating leases or other financial commitments. |
Note 7 Recent Accounting Pronou
Note 7 Recent Accounting Pronouncements | 12 Months Ended |
Jun. 30, 2015 | |
Notes | |
Note 7 Recent Accounting Pronouncements | Note 7 Recent Accounting Pronouncements On June 10, 2014, the FASB issued ASU 2014-10, Development Stage Entities (Topic 915). The amendments in this update remove the definition of a development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from U.S. 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. Early adoption is permitted. The Company adopted ASU 2014-10 since the quarter ended September 30, 2014, thereby no longer presenting or disclosing any information required by Topic 915. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entitys Ability to Continue as a Going Concern (ASU 2014-15). ASU 2014-15, which is effective for annual reporting periods ending after December 15, 2016, extends the responsibility for performing the going-concern assessment to management and contains guidance on how to perform a going-concern assessment and when going-concern disclosures would be required under U.S. GAAP. The Company elected to adopt ASU 2014-15 effective with this financial statement. Managements evaluations regarding the events and conditions that raise substantial doubt regarding the Companys ability to continue as a going concern have been disclosed in this Note 3 Going Concern. |
Note 2 Summary of Significant14
Note 2 Summary of Significant Accounting Policies: Cash (Policies) | 12 Months Ended |
Jun. 30, 2015 | |
Policies | |
Cash | Cash Cash equivalents includes highly liquid short-term investments, with original maturities of three months or less. At June 30, 2015 and June 30, 2014, the company had no cash equivalents. |
Note 2 Summary of Significant15
Note 2 Summary of Significant Accounting Policies: Concentration of Risk (Policies) | 12 Months Ended |
Jun. 30, 2015 | |
Policies | |
Concentration of Risk | Concentration of Risk As of June 30, 2015 the Company maintained its cash account at one commercial bank. The cash balance at June 30, 2015 was within the FDIC coverage of deposits totaling $250,000 per owner. |
Note 2 Summary of Significant16
Note 2 Summary of Significant Accounting Policies: Use of Estimates (Policies) | 12 Months Ended |
Jun. 30, 2015 | |
Policies | |
Use of Estimates | Use of Estimates Our management has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in conformity with accounting principles generally accepted in the United States of America. |
Note 2 Summary of Significant17
Note 2 Summary of Significant Accounting Policies: Net Loss Per Share (Policies) | 12 Months Ended |
Jun. 30, 2015 | |
Policies | |
Net Loss Per Share | Net Loss per Share Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted loss per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. As of June 30, 2015 and 2014 there were no common equivalent shares. |
Note 2 Summary of Significant18
Note 2 Summary of Significant Accounting Policies: Research and Development Costs (Policies) | 12 Months Ended |
Jun. 30, 2015 | |
Policies | |
Research and Development Costs | Research and Development Costs The Company expenses research and development costs as incurred. |
Note 3 Going Concern (Details)
Note 3 Going Concern (Details) - USD ($) | Jun. 30, 2015 | Jun. 30, 2014 |
Details | ||
Accumulated deficit | $ 62,152 | $ 45,395 |
Note 4 Loan Payable - Related20
Note 4 Loan Payable - Related Parties (Details) - USD ($) | 12 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Details | ||
Proceeds from Related Party Debt | $ 2,631 | |
Proceeds from Noncontrolling Interests | 4,000 | |
Loan payable to related parties | $ 7,236 | $ 605 |
Note 5 Stockholders' Equity (21
Note 5 Stockholders' Equity (deficit) (Details) - $ / shares | Jun. 30, 2015 | Jun. 30, 2014 |
Details | ||
Preferred Stock, Shares Authorized | 10,000,000 | 10,000,000 |
Preferred Stock, Par Value | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 65,000,000 | 65,000,000 |
Common Stock, Par Value | $ 0.001 | $ 0.001 |
Common Stock, Shares Outstanding | 3,305,000 | 3,305,000 |