Oncolix 10-K 26 Mar 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 23, 2015	Jun. 30, 2014
Document and Entity Information:
Entity Registrant Name	Electric Vehicle Research Corporation
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Entity Central Index Key	1584137
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		31,635,598
Entity Public Float			$0
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	2014
Document Fiscal Period Focus	FY

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
Assets, Current
Cash and Cash Equivalents, at Carrying Value	$15,454	$77
Prepaid Expense, Current	2,000	94,350
Total current assets	17,454	94,427
Total Assets	17,454	94,427
Current Liabilities
Accounts payable	82,693	45,750
Accrued interest	31,080	10,823
Notes payable	199,800	199,800
Total current liabilities	313,573	256,373
Total liabilities	313,573	256,373
Stockholders' Deficit
Common stock: $0.0001 par value, 500,000,000 authorized; 31,635,598 and 31,192,000 shares issued and outstanding, respectively	3,163	3,119
Additional paid-in capital	183,237	59,481
Accumulated Deficit	-482,519	-224,546
Total Stockholders' deficit	-296,119	-161,946
Total Liabilities and Stockholders' Deficit	$17,454	$94,427

BALANCE_SHEETS_Parenthetical

BALANCE SHEETS - Parenthetical (USD $)	Dec. 31, 2014	Dec. 31, 2013
Stockholders' Deficit
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares Issued	31,635,598	31,192,000
Common Stock, Shares Outstanding	31,635,598	31,192,000

Statements_of_Operations

Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Statements of Operations
Revenues	$19,815
Operating Expenses
Stock based compensation	0	28,000
Professional fees	189,769	165,550
Selling, general and administrative expense	46,847	14,035
Research and Development Expense	20,915	6,138
Total operating Expenses	257,531	213,723
Net loss from Operations	-237,716	-213,723
Interest expense	-20,257	-10,823
Net Loss	($257,973)	($224,546)
Basic and diluted loss per share	($0.01)	($0.01)
Weighted average number of shares outstanding	31,303,100	30,946,517

Statements_of_Changes_in_Share

Statements of Changes in Shareholders' Deficit (USD $)	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Balance at June 13, 2013 at Dec. 31, 2012
Stock issued for services	$3,050	$24,950		$28,000
Stock issued for services, Shares	30,500,000			30,500,000
Sale of common stock for cash	69	34,531		34,600
Sale of common stock for cash, Shares	692,000
Net loss			-224,546	-224,546
Balance at December 31, 2013 at Dec. 31, 2013	3,119	59,481	-224,546	-161,946
Balance, shares at December 31, 2013 at Dec. 31, 2013	31,192,000
Sale of common stock for cash	14	81,786		81,800
Sale of common stock for cash, Shares	143,598
Net loss			-257,973	-257,973
Balance at December 31, 2013 at Dec. 31, 2014	$3,163	$183,237	($482,519)	($296,119)
Balance, shares at December 31, 2013 at Dec. 31, 2014	31,635,598

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	($257,973)	($224,546)
Stock issued for services		28,000
Prepaid expense and Other Assets	92,350	-94,350
Accounts payable	78,943	45,750
Note payable for services		199,800
Accrued interest	20,257	10,823
Net Cash (used in) operating activities	-66,423	-34,523
Proceeds from equity issuance	81,800	34,600
Net Cash provided by financing activities	81,800	34,600
Net increase (decrease) in cash and cash equivalents	15,377	77
Cash at Beginning of Period	77	0
Cash at End of Period	15,454	77
Note payable issued for services		199,800
Stock issued to extinguish accounts payable	42,000
Stock issued to officers and directors for services		3,000
Stock issued to consultants for services	$0	$25,000

Note_1_Nature_of_Business

Note 1. Nature of Business	12 Months Ended
	Dec. 31, 2014
Notes
Note 1. Nature of Business	NOTE 1. NATURE OF BUSINESS
	ORGANIZATION
	Electric Vehicle Research Corporation (hereinafter “EVRC”) is a company incorporated in the State of Florida in June 2013. We were formed as a consultant to the electric vehicle research and technologies industry.  The electric vehicle research and technologies industry is subject to constant change due to market trends, thereby making it extremely competitive. The electric vehicle research and technologies industry is complex, because several segments are regulated by both federal and state governments. EVRC’s approach assists general business operations with the growth and development, international expansion and marketing aspects of their business, allowing our potential customers to focus on the business aspects of operations. By using the services provided by EVRC, our clients are free to focus on compliance with regulations within their industry, and to complete their primary business goals.

Note_2_Going_Concern

Note 2. Going Concern	12 Months Ended
	Dec. 31, 2014
Notes
Note 2. Going Concern	NOTE 2. GOING CONCERN
	The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business.  The Company has not yet established an ongoing source of revenues sufficient to cover its operating cost and allow it to continue as a going concern.  The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable.  If the Company is unable to obtain adequate capital, it could be forced to cease operations.
	In order to continue as a going concern, the Company will need, among other things, additional capital resources.  Management’s plan to obtain such resources for the Company include, obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses.  However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans.
	There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to the Company.  In addition, profitability will ultimately depend upon the level of revenues received from business operations.  However, there is no assurance that the Company will attain profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern

Note_3_Summary_of_Significant_

Note 3. Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Notes
Note 3. Summary of Significant Accounting Policies	NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	USE OF ESTIMATES
	The Company prepares its financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP"), which require 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 reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	CASH AND CASH EQUIVALENTS
	The Company considers all highly liquid investments with an original maturity of three months or less at the date of acquisition to be cash equivalents.  Cash and cash equivalents totaled $15,454 at December 31, 2014 and $77 at December 31, 2013.
	CASH FLOWS REPORTING
	The Company follows ASC 230, Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by ASC 230, Statement of Cash Flows, to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period.
	FINANCIAL INSTRUMENTS
	The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization.
	ASC 820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:
	·        Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities
	·        Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.
	·        Level 3 - Inputs that are both significant to the fair value measurement and unobservable.
	Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2014 and December 31, 2013. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments.
	REVENUE RECOGNITION
	The Company follows ASC 605, Revenue Recognition. The Company recognizes revenue when it is realized or realizable and earned.  The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.
	The Company derives revenue from consulting arrangements with clients.  Revenue is generated by hourly fee structure or fixed contract costs, based on expected time to complete, additionally, costs incurred may be billed, as defined by the contractual arrangements.
	CONCENTRATION OF CREDIT RISK AND SIGNIFICANT CUSTOMERS
	As of December 31, 2014 the Company derived 100% of its revenue, $19,815, from one customer.  The Company’s revenue was $-0- for the year ended December 31, 2013.
	RESEARCH AND DEVELOPMENT
	The Company expenses research and development costs when incurred.  Research and development costs include engineering and testing of product and outputs.  Indirect costs related to research and developments are allocated based on percentage usage to the research and development.  We spent $20,915 in research and development costs for the year ending December 31, 2014 and $6,138 for the period of June 13, 2013 (inception) to December 31, 2013.
	DEFERRED INCOME TAXES AND VALUATION ALLOWANCE
	The Company accounts for income taxes under ASC 740, Income Taxes.  Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs.  A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.  No deferred tax assets or liabilities were recognized as of December 31, 2014 or December 31, 2013.
	NET INCOME (LOSS) PER COMMON SHARE
	Net income (loss) per share is calculated in accordance with ASC 260, “Earnings Per Share.”  The weighted-average number of common shares outstanding during each period is used to compute basic earning or loss per share.  Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding.  Dilutive potential common shares are additional common shares assumed to be exercised.
	Basic net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at December 31, 2014 and December 31, 2013.  As of December 31, 2014, the Company had no dilutive potential common shares.
	SHARE-BASED EXPENSE
	ASC 718, Compensation – Stock Compensation, prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired.  Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights.  Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period).
	The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, Equity – Based Payments to Non-Employees.  Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable:  (a) the goods or services received; or (b) the equity instruments issued.  The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date.
	Share-based expense was $-0- for the year ending December 31, 2014 and $28,000 for the period ending June 13, 2013 (inception) to December 31, 2013.
	RECENT ACCOUNTING PRONOUNCEMENTS
	Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.  Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future financial statements.
	We have reviewed the FASB issued Accounting Standard Update (“ASU 2014-10”) and have applied the standard as of the dates during the periods reported.
	We have reviewed the FASB issued Accounting Standard Update (“ASU 2014-09”).  The Company does not believe that the new or modified principal will not have a material effect on these financial statements.
	We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Note_4_Income_Taxes

Note 4. Income Taxes	12 Months Ended
	Dec. 31, 2014
Notes
Note 4. Income Taxes	NOTE 4. INCOME TAXES
	At December 31, 2014, the Company had a net operating loss carry–forward for Federal income tax purposes of approximately $482,000 that may be offset against future taxable income through 2032  No tax benefit has been reported with respect to these net operating loss carry-forwards in the accompanying financial statements because the Company believes that the realization of the Company’s net deferred tax assets   calculated at the effective rates note below, was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are fully offset by the valuation allowance.
	Deferred tax assets consist primarily of the tax effect of NOL carry-forwards. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realizability.
	The Company’s tax expense differs from the “expected” tax expense for Federal income tax purposes (computed by applying the United States Federal tax rate of 34% and State tax rate of 3.6% to income before taxes), as follows:
	For the Year Ended December 31,		2014		2013
	Tax expense (benefit) at the statutory rate	$	-87,000	$	-76,000
	State income taxes, net of federal income tax benefit		-9,000		-8,000
	Change in valuation allowance		96,000		84,000
	Total	$	---	$	---
	The tax effects of the temporary differences between reportable financial statement income and taxable income are recognized as deferred tax assets and liabilities.
	In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized.  The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible.  Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment.
	For the year ended December 31, 2014 and period from inception ended December 31, 2013, the Company has net operating losses from operations. The carry forwards expire through the year 2032. The Company’s net operating loss carry forward may be subject to annual limitations, which could reduce or defer the utilization of the losses as a result of an ownership change as defined in Section 382 of the Internal Revenue Code. A valuation allowance has been applied due to the uncertainty of realization.
	The Company’s net deferred tax asset as of December 31, 2014 and December 31, 2013 is as follows:
			31-Dec-14		31-Dec-13
	Deferred tax assets	$	180,000	$	84,000
	Valuation allowance		-180,000		-84,000
	Net deferred tax asset	$	---	$	---
	The Company is currently open to audit under the statute of limitations by the Internal Revenue Service for the period from inception ended December 31, 2013 through the year ended December 31, 2014.  The Company recognizes interest and penalties related to income taxes in income tax expense. The Company had incurred no penalties and interest for the period from inception ended December 31, 2013 through the year ended December 31, 2014.  The open tax years are 2013 and 2014.

Note_5_Shareholders_Equity

Note 5. Shareholders' Equity	12 Months Ended
	Dec. 31, 2014
Notes
Note 5. Shareholders' Equity	NOTE 5. SHAREHOLDERS’ EQUITY
	The Company, through approval of its Board of Directors, authorized common shares of 500,000,000 with a par value of $0.0001.
	COMMON STOCK
	On June 14, 2013 the Company issued 15,000,000 shares, par value $.0001, to Andrew S. Mynheer, CEO and Director and 15,000,000 shares, par value $.0001, to Christopher J. Mynheer, Director, in exchange for services totaling $3,000.
	On June 14, 2013 the Company issued 500,000 shares, at $0.05 per share, to Soellingen Advisory Group, Inc., a non-related party, in exchange for consulting services totaling $25,000.
	During the month of August, 2013 the Company sold 662,000 shares to 48 shareholders via subscription at a value of $0.05 per share for cash totaling $33,100.
	During the month of September, 2013 the Company sold 30,000 shares to 2 shareholders via subscription at a value of $0.05 per share for cash totaling $1,500.
	During the month of February, 2014 the Company sold 6,666 share to 1 shareholder vial subscription at a value of $0.75 per share for cash totaling $5,000
	During the month of May, 2014 the Company sold 10,000 share to 1 shareholder vial subscription at a value of $0.75 per share for cash totaling $7,500
	During the month of June, 2014 the Company sold 6,666 share to 1 shareholder vial subscription at a value of $0.75 per share for cash totaling $5,000
	During the month of July, 2014 the Company sold 6,666 share to 1 shareholder vial subscription at a value of $0.75 per share for cash totaling $5,000
	During the month of August, 2014 the Company sold 10,000 share to 1 shareholder vial subscription at a value of $0.75 per share for cash totaling $7,500
	During the month of September, 2014 the Company issued 300,000 share to 1 shareholder vial subscription at a value of $0.14 per share for the extinguishment of accounts payable totaling $42,000
	During the month of November, 2014 the Company sold 103,600 share to 1 shareholder vial subscription at a value of $0.50 per share for cash totaling $51,800
	There were 31,635,598 shares of common stock issued and outstanding at December 31, 2014 and 31,192,000 shares of common stock issued and outstanding at December 31, 2013.

Note_6_Related_Party_Transacti

Note 6. Related Party Transactions	12 Months Ended
	Dec. 31, 2014
Notes
Note 6. Related Party Transactions	NOTE 6. RELATED PARTY TRANSACTIONS
	EQUITY TRANSACTIONS
	On June 14, 2013 the Company issued 15,000,000 shares, par value $.0001, to Andrew S. Mynheer, CEO and Director and 15,000,000 shares, par value $.0001, to Christopher J. Mynheer, Director, in exchange for services totaling $3,000.
	On June 14, 2013 the Company issued 500,000 shares, at $0.05 per share, to Soellingen Advisory Group, Inc., a non-related party, in exchange for consulting services totaling $25,000.  Consulting service include but are not limited to; business development and financial planning.
	On September 25, 2014 the Company issued 300,000 shares to Soellingen Advisory Group, Inc. vial subscription at a value of $0.14 per share for the extinguishment of accounts payable totaling $42,000

Note_7_Notes_Payable

Note 7. Notes Payable	12 Months Ended
	Dec. 31, 2014
Notes
Note 7. Notes Payable	NOTE 7. NOTES PAYABLE
	Notes payable consisted of the following as of December 31, 2014:
			31-Dec-14		31-Dec-13
	New Opportunity Business Solutions, Inc., a non-related party for consulting services to the Company. Electric Vehicle Research Corporation (EVRC) is a client of New Opportunity Business Solutions, Inc. The original amount of the note payable was $199,800.  The note states a 10% interest rate with no set maturity date and is due on demand. Payment of principal and interest is due on demand and is not contingent. However to the extent that the Company incurs expense to accomplish the goal of the consulting agreement, the obligation of the company shall be reduced an equal amount. The note is as support for the consulting fee which was owed by EVRC but not paid as required.  The loan is in default.  Accrued interest at December 31, 2014 and December 31, 2013 was $31,080 and $10,823, respectively.	$	199,800	$	199,800
	Total notes payable	$	199,800	$	199,800
	Current portion	$	199,800	$	199,800

Note_8_Prepaid_Expense

Note 8. Prepaid Expense	12 Months Ended
	Dec. 31, 2014
Notes
Note 8. Prepaid Expense	NOTE 8. PREPAID EXPENSE
	The Company entered into a consulting agreement with New Opportunity Business Solutions, Inc., a non-related party, on June 19, 2013.  New Opportunity Business Solutions, Inc. is to provide consulting services assisting with the preparation of the S1 registration statement being filed with the Security and Exchange Commission.  The contract is for a 12 month term.  The amount of the contract is $199,800 due and payable in full on June 19, 2013. The Company will expense the contract over the 12 month term in the amount of $16,650 per month.  The prepaid balance was $-0- and $94,350 on December 31, 2014 and December 31, 2013, respectively.

Note_9_Commitments_and_Conting

Note 9. Commitments and Contingencies	12 Months Ended
	Dec. 31, 2014
Notes
Note 9. Commitments and Contingencies	NOTE 9. COMMITMENTS AND CONTINGENCIES
	On November 24, 2014 Electric Vehicle Research Corporation ("EVRC") entered into an Engagement Letter (the "Engagement Letter") with Sigur Capital ("Sigur") where Sigur has been engaged to act as the lead advisor to Electric Vehicle Research Corp. working in close consultation with the Company and some of its existing advisers.  Sigur will use all reasonable endeavors to assist the Company by providing the Advisory Service and introductions to its established pools of international capital.
	Per the Engagement letter, Sigur will take on the role of bringing qualified accredited investment to EVRC. The Financings, also achieved with the assistance of Sigur, will enable the Company to have access to more than adequate funding for the successful execution of its business plan. The company is to pay a $35,000 engagement fee out of the first financing proceeds if successful.
	From time to time the Company may be a party to litigation matters involving claims against the Company.   Management believes that there are no current matters that would have a material effect on the Company’s financial position or results of operations.

Note_10_Warrants_and_Options

Note 10. Warrants and Options	12 Months Ended
	Dec. 31, 2014
Notes
Note 10. Warrants and Options	NOTE 10. WARRANTS AND OPTIONS
	There are no warrants or options outstanding to acquire any additional shares of common stock of the Company as of December 31, 2014.

Note_11_Subsequent_Events

Note 11. Subsequent Events	12 Months Ended
	Dec. 31, 2014
Notes
Note 11. Subsequent Events	NOTE 11. SUBSEQUENT EVENTS
	Management has evaluated subsequent events through the date the financial statements were issued. Based on our evaluation no events have occurred requiring adjustment to or disclosure in the financial statements.

Note_3_Summary_of_Significant_1

Note 3. Summary of Significant Accounting Policies: Use of Estimates, Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Use of Estimates, Policy	The Company prepares its financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP"), which require 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 reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Note_3_Summary_of_Significant_2

Note 3. Summary of Significant Accounting Policies: Cash Flows Reporting - Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Cash Flows Reporting - Policy	The Company follows ASC 230, Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by ASC 230, Statement of Cash Flows, to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments. The Company reports the reporting currency equivalent of foreign currency cash flows, using the current exchange rate at the time of the cash flows and the effect of exchange rate changes on cash held in foreign currencies is reported as a separate item in the reconciliation of beginning and ending balances of cash and cash equivalents and separately provides information about investing and financing activities not resulting in cash receipts or payments in the period.

Note_3_Summary_of_Significant_3

Note 3. Summary of Significant Accounting Policies: Financial Instruments - Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Financial Instruments - Policy	The Company’s balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization.
	ASC 820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:
	·        Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities
	·        Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.
	·        Level 3 - Inputs that are both significant to the fair value measurement and unobservable.
	Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of December 31, 2014 and December 31, 2013. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values due to the short-term nature of these instruments.

Note_3_Summary_of_Significant_4

Note 3. Summary of Significant Accounting Policies: Revenue Recognition, Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Revenue Recognition, Policy	The Company follows ASC 605, Revenue Recognition. The Company recognizes revenue when it is realized or realizable and earned.  The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.
	The Company derives revenue from consulting arrangements with clients.  Revenue is generated by hourly fee structure or fixed contract costs, based on expected time to complete, additionally, costs incurred may be billed, as defined by the contractual arrangements.

Note_3_Summary_of_Significant_5

Note 3. Summary of Significant Accounting Policies: Concentration of Risk - Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Concentration of Risk - Policy	As of December 31, 2014 the Company derived 100% of its revenue, $19,815, from one customer.  The Company’s revenue was $-0- for the year ended December 31, 2013.

Note_3_Summary_of_Significant_6

Note 3. Summary of Significant Accounting Policies: Research and Development Expense, Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Research and Development Expense, Policy	The Company expenses research and development costs when incurred.  Research and development costs include engineering and testing of product and outputs.  Indirect costs related to research and developments are allocated based on percentage usage to the research and development.  We spent $20,915 in research and development costs for the year ending December 31, 2014 and $6,138 for the period of June 13, 2013 (inception) to December 31, 2013.

Note_3_Summary_of_Significant_7

Note 3. Summary of Significant Accounting Policies: Deferred Income Taxs and Valuation Allowance - Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Deferred Income Taxs and Valuation Allowance - Policy	The Company accounts for income taxes under ASC 740, Income Taxes.  Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs.  A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.  No deferred tax assets or liabilities were recognized as of December 31, 2014 or December 31, 2013.

Note_3_Summary_of_Significant_8

Note 3. Summary of Significant Accounting Policies: Net Income (Loss) Per Common Share - Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Net Income (Loss) Per Common Share - Policy	Net income (loss) per share is calculated in accordance with ASC 260, “Earnings Per Share.”  The weighted-average number of common shares outstanding during each period is used to compute basic earning or loss per share.  Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding.  Dilutive potential common shares are additional common shares assumed to be exercised.
	Basic net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at December 31, 2014 and December 31, 2013.  As of December 31, 2014, the Company had no dilutive potential common shares.

Note_3_Summary_of_Significant_9

Note 3. Summary of Significant Accounting Policies: Share-Based Expense - Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Share-Based Expense - Policy	ASC 718, Compensation – Stock Compensation, prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired.  Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights.  Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period).
	The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of ASC 505-50, Equity – Based Payments to Non-Employees.  Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable:  (a) the goods or services received; or (b) the equity instruments issued.  The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date.
	Share-based expense was $-0- for the year ending December 31, 2014 and $28,000 for the period ending June 13, 2013 (inception) to December 31, 2013.

Recovered_Sheet1

Note 3. Summary of Significant Accounting Policies: New Accounting Pronouncements - Policy (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
New Accounting Pronouncements - Policy	Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company.  Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future financial statements.
	We have reviewed the FASB issued Accounting Standard Update (“ASU 2014-10”) and have applied the standard as of the dates during the periods reported.
	We have reviewed the FASB issued Accounting Standard Update (“ASU 2014-09”).  The Company does not believe that the new or modified principal will not have a material effect on these financial statements.
	We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Note_4_Income_Taxes_Summary_of

Note 4. Income Taxes: Summary of Federal Income Tax (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Summary of Federal Income Tax
	For the Year Ended December 31,		2014		2013
	Tax expense (benefit) at the statutory rate	$	-87,000	$	-76,000
	State income taxes, net of federal income tax benefit		-9,000		-8,000
	Change in valuation allowance		96,000		84,000
	Total	$	---	$	---

Note_4_Income_Taxes_Summary_of1

Note 4. Income Taxes: Summary of Deferred Tax Asset (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Summary of Deferred Tax Asset
			31-Dec-14		31-Dec-13
	Deferred tax assets	$	180,000	$	84,000
	Valuation allowance		-180,000		-84,000
	Net deferred tax asset	$	---	$	---

Note_7_Notes_Payable_Promissor

Note 7. Notes Payable: Promissory Note Payable Tables (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Promissory Note Payable Tables	Notes payable consisted of the following as of December 31, 2014:
			31-Dec-14		31-Dec-13
	New Opportunity Business Solutions, Inc., a non-related party for consulting services to the Company. Electric Vehicle Research Corporation (EVRC) is a client of New Opportunity Business Solutions, Inc. The original amount of the note payable was $199,800.  The note states a 10% interest rate with no set maturity date and is due on demand. Payment of principal and interest is due on demand and is not contingent. However to the extent that the Company incurs expense to accomplish the goal of the consulting agreement, the obligation of the company shall be reduced an equal amount. The note is as support for the consulting fee which was owed by EVRC but not paid as required.  The loan is in default.  Accrued interest at December 31, 2014 and December 31, 2013 was $31,080 and $10,823, respectively.	$	199,800	$	199,800
	Total notes payable	$	199,800	$	199,800
	Current portion	$	199,800	$	199,800

Recovered_Sheet2

Note 3. Summary of Significant Accounting Policies (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Details
Cash and cash equivalents	$15,454	$77

Recovered_Sheet3

Note 3. Summary of Significant Accounting Policies: Concentration of Risk - Policy (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Concentration of risk and significant customers	$19,815	$0

Recovered_Sheet4

Note 3. Summary of Significant Accounting Policies: Share-Based Expense - Policy (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Stock based compensation	$0	$28,000

Note_4_Income_Taxes_Income_Tax

Note 4. Income Taxes: Income Tax Details Narrative (Details) (USD $)	Dec. 31, 2014
Details
Operating Loss Carryforwards	$482,000
Net Operating Loss Carryforward Expired	$2,032

Note_4_Income_Taxes_Summary_of2

Note 4. Income Taxes: Summary of Federal Income Tax (Details) (USD $)	0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	($87,000)	($76,000)
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	-9,000	-8,000
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	$96,000	$84,000

Recovered_Sheet5

Note 3. Summary of Significant Accounting Policies: Research and Development Expense, Policy (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Details
Research and Development Expense	$20,915	$6,138

Note_4_Income_Taxes_Summary_of3

Note 4. Income Taxes: Summary of Deferred Tax Asset (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Details
Deferred Tax Assets, Gross	$180,000	$84,000
Deferred Tax Assets, Valuation Allowance	($180,000)	($84,000)

Note_7_Notes_Payable_Promissor1

Note 7. Notes Payable: Promissory Note Payable Tables (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Details
Notes Payable	$199,800	$199,800
Total Notes Payable	199,800	199,800
Current Portion	$199,800	$199,800