ABV Consulting (ABVN) 10-Q 13 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 13, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	ABV CONSULTING, INC.
Entity Central Index Key	1,607,450
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		5,533,000

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash	$ 4,647	$ 30,624
TOTAL CURRENT ASSETS	4,647	30,624
TOTAL ASSETS	4,647	30,624
CURRENT LIABILITIES
Accounts Payable	9,702	21,876
Accrued Interest - Related Party	178
TOTAL CURRENT LIABILITIES	9,880	$ 21,876
LONG TERM LIABILITIES
Note Payable - Related Party	20,000
TOTAL LIABILITIES	$ 29,880	$ 21,876
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' Equity (Deficit)
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 0 and 0 shares issued and outstanding, respectively
Common stock, $0.0001 par value, 100,000,000 shares authorized, 5,533,000 and 5,533,000 shares issued and outstanding, respectively	$ 553	$ 553
Additional paid in capital	78,411	73,536
Accumulated deficit	(104,197)	(65,341)
TOTAL STOCKHOLDERS'S EQUITY / (DEFICIT)	(25,233)	8,748
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY / (DEFICIT)	$ 4,647	$ 30,624

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Condensed Balance Sheets [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
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	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	5,533,000	5,533,000
Common stock, shares outstanding	5,533,000	5,533,000

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenue
Service Revenue, net
OPERATING EXPENSES
General and administrative	$ 3,346	$ 781	$ 10,000	$ 1,892
Professional fees	8,278	14,904	28,678	17,928
Total Operating Expenses	11,624	15,685	38,678	19,820
NET LOSS FROM OPERATIONS	(11,624)	$ (15,685)	(38,678)	$ (19,820)
Interest expense	101		178
Net loss before provision for income taxes	$ (11,725)	$ (15,685)	$ (38,856)	$ (19,820)
Provision for Income Taxes
NET LOSS	$ (11,725)	$ (15,685)	$ (38,856)	$ (19,820)
Net loss per share - basic and diluted	$ 0	$ 0	$ 0.01	$ 0
Weighted average number of shares outstanding during the period - basic and diluted	5,530,000	5,501,791	5,530,000	5,413,351

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (38,856)	$ (19,820)
Imputed compernsation	4,875
Changes in operating assets and liabilities:
Increase / (Decrease) in accounts payable	(12,174)	$ 647
Increase in accrued interest - related party	178
Net Cash Used In Operating Activities	(45,977)	$ (19,173)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable - related party	$ 20,000
Proceeds from sale of common stock		$ 53,300
Net Cash Provided By Financing Activities	$ 20,000	53,300
NET INCREASE / (DECREASE) IN CASH	(25,977)	34,127
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	30,624	5,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 4,647	$ 39,127
Supplemental disclosure of non cash investing & financing activities:
Cash paid for income taxes
Cash paid for interest expense

Organization, Nature of Busines

Organization, Nature of Business and Going Concern	9 Months Ended
	Sep. 30, 2015
Organization, Nature of Business and Going Concern [Abstract]
ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN	NOTE 1 – ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN (A) Organization ABV Consulting, Inc. (“The Company”) was originally organized in the State of Nevada on October 15, 2013. The Company provides merchandising and consulting services to Craft beer brewers and distributors as well as providing marketing support within the craft beer industry to retailers and other organizations as needed. While the Company does not directly produce alcoholic beverages, it provides services to help businesses in the industry improve their marketing, sales and operations. (B) Going Concern As of September 30, 2015, the Company had an accumulated deficit of $104,197 and used cash in operations of $45,977 for the nine months ended September 30, 2015. Losses have principally occurred as a result of the substantial resources required for professional fees and general and administrative expenses associated with our operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the outcome of these uncertainties. Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provides the opportunity for the Company to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (A) Cash and Cash Equivalents The Company considers investments that have original maturities of three months or less when purchased to be cash equivalents. (B) Use of Estimates in Financial Statements The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. Significant estimates during the periods covered by these financial statements include the valuation of deferred tax asset and imputed compensation costs. (C) Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in The United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all of the information necessary for a comprehensive presentation of financial position and results of operations. The interim results for the period ended September 30, 2015 are not necessarily indicative of results for the full fiscal year. It is management’s opinion, however that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statements presentation. Certain 2014 balances have been reclassified to conform to the 2015 presentation. (D) Fair value measurements and Fair value of Financial Instruments The Company adopted ASC Topic 820, Fair Value Measurements. ASC Topic 820 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. (E) Revenue Recognition The Company recognizes revenue on arrangements in accordance with FASB ASC No. 605, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured. (F) Segments The Company operates in one segment and therefore segment information is not presented. (G) Loss Per Share The basic loss per share is calculated by dividing the Company's net loss available to common shareholders by the weighted average number of common shares during the period. The diluted loss per share is calculated by dividing the Company's net loss available to common shareholders by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. As of September 30, 2015 and 2014, the company has no dilutive securities. (H) Income Taxes The Company accounts for income taxes under FASB Codification Topic 740-10-25 ("ASC 740-10-25"). Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement 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. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. (I) Reclassification Certain amounts from prior periods have been reclassified to conform to the current period presentation

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
Recent Accounting Pronouncements [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS In June 2014, FASB issued Accounting Standards Update (“ASU”) No. 2014-09, “ Revenue from Contracts with Customers”. In June 2014, FASB issued Accounting Standards Update (“ASU”) No. 2014-12, “ Compensation – Stock Compensation ( Topic 718 ); Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period”. Entities may apply the amendments in this ASU either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. If retrospective transition is adopted, the cumulative effect of applying this Update as of the beginning of the earliest annual period presented in the financial statements should be recognized as an adjustment to the opening retained earnings balance at that date. Additionally, if retrospective transition is adopted, an entity may use hindsight in measuring and recognizing the compensation cost. This updated guidance is not expected to have a material impact on our results of operations, cash flows or financial condition. In August 2014, the FASB issued Accounting Standards Update “ASU” 2014-15 on “Presentation of Financial Statements Going Concern (Subtopic 205-40) – Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. Currently, there is no guidance in U.S. GAAP about management’s responsibility toevaluate whether there is substantial doubt about an entity’s ability to continue as a going concern or to provide related footnote disclosures. The amendments in this Update provide that guidance. In doing so, the amendments are intended to reduce diversity in the timing and content of footnote disclosures. The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, The amendments in this Update are effective for public entities for annual periods ending after December 15, 2016. Early adoption is permitted. The effect of adoption of this standard is not expected to have a material effect on the Company. No other accounting pronouncements issued by FASB (including the Emerging Issues Task Force), the AICPA and the SEC, did not or are not believed by the Company management, to have a material impact on the Company’s present or future financial statements.

Note Payable - Relatated Party

Note Payable - Relatated Party	9 Months Ended
	Sep. 30, 2015
Note Payable - Relatated Party [Abstract]
NOTE PAYABLE - RELATATED PARTY	NOTE 4 – NOTE PAYABLE – RELATATED PARTY On April 21, 2015 the Company entered into an unsecured promissory note in the amount of $20,000 with its Chief Executive Officer. The note is due on April 21, 2017 and bears interest at a rate of 2% per annum. Accrued interest at September 30, 2015 amounted to $178.

Stockholders Equity

Stockholders Equity	9 Months Ended
	Sep. 30, 2015
Stockholders Equity [Abstract]
STOCKHOLDERS EQUITY	NOTE 5 – STOCKHOLDERS EQUITY The Company is authorized to issue up to 100,000,000 shares of common stock, par value $0.0001 and 10,000,000 preferred shares of blank check shares par value $0.0001 During the three and nine months ended September 30, 2015 the Company imputed compensation of $1,625 and $4,875 for services provided by its Chief Executive Officer.

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2015
Subsequent Event [Abstract]
SUBSEQUENT EVENT	NOTE 6 – SUBSEQUENT EVENTS On October 8, 2015 the Company entered into an unsecured promissory note in the amount of $15,000 with its Chief Executive Officer. The note is due on October 8, 2017 and bears interest at a rate of 2% per annum.

Summary of Significant Accoun12

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Cash and Cash Equivalents	(A) Cash and Cash Equivalents The Company considers investments that have original maturities of three months or less when purchased to be cash equivalents.
Use of Estimates in Financial Statements	(B) Use of Estimates in Financial Statements The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. Significant estimates during the periods covered by these financial statements include the valuation of deferred tax asset and imputed compensation costs.
Basis of Presentation	(C) Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in The United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all of the information necessary for a comprehensive presentation of financial position and results of operations. The interim results for the period ended September 30, 2015 are not necessarily indicative of results for the full fiscal year. It is management’s opinion, however that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statements presentation. Certain 2014 balances have been reclassified to conform to the 2015 presentation.
Fair value measurements and Fair value of Financial Instruments	(D) Fair value measurements and Fair value of Financial Instruments The Company adopted ASC Topic 820, Fair Value Measurements. ASC Topic 820 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.
Revenue Recognition	(E) Revenue Recognition The Company recognizes revenue on arrangements in accordance with FASB ASC No. 605, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured.
Segments	(F) Segments The Company operates in one segment and therefore segment information is not presented.
Loss Per Share	(G) Loss Per Share The basic loss per share is calculated by dividing the Company's net loss available to common shareholders by the weighted average number of common shares during the period. The diluted loss per share is calculated by dividing the Company's net loss available to common shareholders by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. As of September 30, 2015 and 2014, the company has no dilutive securities.
Income Taxes	(H) Income Taxes The Company accounts for income taxes under FASB Codification Topic 740-10-25 ("ASC 740-10-25"). Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement 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. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
Reclassification	(I) Reclassification Certain amounts from prior periods have been reclassified to conform to the current period presentation

Organization, Nature of Busin13

Organization, Nature of Business and Going Concern (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Organization, Nature of Business and Going Concern (Textual)
Accumulated deficit	$ (104,197)		$ (65,341)
Cash used in operations	$ (45,977)	$ (19,173)

Note Payable - Relatated Party

Note Payable - Relatated Party (Details) - USD ($)	Apr. 21, 2015	Sep. 30, 2015	Dec. 31, 2014
Notes Payable - Related Party (Textual)
Unsecured promissory note		$ 20,000
Accrued interest		$ 178
Chief Executive Officer [Member]
Notes Payable - Related Party (Textual)
Unsecured promissory note	$ 20,000
Unsecured promissory note, rate of interest	2.00%
Unsecured promissory note, due date	Apr. 21, 2017

Stockholders Equity (Details)

Stockholders Equity (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Stockholders Equity (Textual)
Common stock, shares authorized	100,000,000	100,000,000		100,000,000
Common stock, par value	$ 0.0001	$ 0.0001		$ 0.0001
Preferred blank shares, authorized	10,000,000	10,000,000		10,000,000
Preferred blank shares, par value	$ 0.0001	$ 0.0001		$ 0.0001
Compensation for services provided by Chief Executive Officer	$ 1,625	$ 4,875

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event [Member]	Oct. 08, 2015USD ($)
Subsequent Events (Textual)
Unsecured promissory note	$ 15,000
Unsecured promissory note, due date	Oct. 8, 2017
Unsecured promissory note, rate of interest	2.00%