ABV Consulting (ABVN) 10-Q 7 Dec 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 17, 2016
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, 2016
Document Fiscal Year Focus	2,016
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, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash		$ 8,513
TOTAL CURRENT ASSETS		8,513
TOTAL ASSETS		8,513
CURRENT LIABILITIES
Accounts Payable	10,163	4,648
TOTAL CURRENT LIABILITIES	10,163	4,648
LONG TERM LIABILITIES
Accrued Interest - Related Party		347
Note Payable - Related Party		35,000
TOTAL LONG TERM LIABILITIES		35,347
TOTAL LIABILITIES	10,163	39,995
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' 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	144,168	80,036
Accumulated deficit	(154,884)	(112,071)
TOTAL STOCKHOLDERS'S DEFICIT	(10,163)	(31,482)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$ 8,513

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
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
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenue
Service Revenue, net	$ 1,000		$ 2,000
OPERATING EXPENSES
General and administrative	2,906	3,346	21,798	10,000
Professional fees	6,985	8,278	22,666	28,678
Total Operating Expenses	9,891	11,624	44,464	38,678
NET LOSS FROM OPERATIONS	(8,891)	(11,624)	(42,464)	(38,678)
Interest expense		(101)	(349)	(178)
Net loss before provision for income taxes	(8,891)	(11,725)	(42,813)	(38,856)
Provision for Income Taxes
NET LOSS	$ (8,891)	$ (11,725)	$ (42,813)	$ (38,856)
Net loss per share - basic and diluted	$ 0	$ 0	$ (0.01)	$ (0.01)
Weighted average number of shares outstanding during the period - basic and diluted	5,533,000	5,533,000	5,533,000	5,533,000

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (42,813)	$ (38,856)
Adjustments to reconcile net loss to net cash used in operating activities:
Imputed compensation	3,250	4,875
Changes in operating assets and liabilities:
Increase / (Decrease) in accounts payable	5,515	(12,174)
Increase in accrued interest - related party	349	178
Net Cash Used In Operating Activities	(33,699)	(45,977)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable - related party		20,000
Capital contribution	25,186
Repayment of note payable	(12,500)
Proceeds from notes payable	12,500
Net Cash Provided By Financing Activities	25,186	20,000
NET DECREASE IN CASH	(8,513)	(25,977)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	8,513	30,624
CASH AND CASH EQUIVALENTS AT END OF PERIOD		4,647
Supplemental disclosure of non cash investing & financing activities:
Cash paid for income taxes
Cash paid for interest expense
Other non cash investing & financing activities:
Capital contribution of accrued interest from related party	696
Capital contribution of notes payable from related party	$ 35,000

Organization, Nature of Busines

Organization, Nature of Business and Going Concern	9 Months Ended
	Sep. 30, 2016
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, 2016, the Company had an accumulated deficit of $154,884 and used cash in operations of $33,699 for the nine months ended September 30, 2016. 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 condensed unaudited 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. (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, 2016 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. (D) Risks and Uncertainties The Company is a business whose planned principal operations is to provide merchandising and consulting services to the Craft beer brewers and distributors as well as providing marketing support within the craft beer industry. The Company is currently conducting research and development activities to operationalize certain high-risk environments. During the last year, the Company has continued to communicate with breweries, retailers and other key players in the industry and increasing our online presence through our blog, Facebook and twitter pages. The Company also continues to seek additional funding to continue to expand our presence in the industry. The Company's activities are subject to significant risks and uncertainties, including failing to secure any consulting agreements and additional funding.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
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) 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. (D) 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. During the three and nine months ended September 30, 2016, 100% of the Company’s revenues was received from one customer. (E) Segments The Company operates in one segment and therefore segment information is not presented. (F) 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, 2016 and 2015, the company has no dilutive securities. (G) 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. (H) 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, 2016
Recent Accounting Pronouncements [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS In February 2016, the FASB issued ASU 2016-02, Leases In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting In April 2016, the FASB issued ASU 2016–10 Revenue from Contract with Customers (Topic 606): identifying Performance Obligations and Licensing. The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. Topic 606 includes implementation guidance on (a) contracts with customers to transfer goods and services in exchange for consideration and (b) determining whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time). The amendments in this Update are intended render more detailed implementation guidance with the expectation to reduce the degree of judgement necessary to comply with Topic 606. We are currently reviewing the provisions of this ASU to determine if there will be any impact on our results of operations, cash flows or financial condition. 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

Note Payable	9 Months Ended
	Sep. 30, 2016
Note Payable - Related Party [Abstract]
NOTE PAYABLE	NOTE 4 – NOTE PAYABLE On May 24, 2016 the Company borrowed $12,500 from an unrelated third party pursuant to the terms of non-interest bearing, unsecured promissory note issued by the Company. The proceeds of the loan will be used for expenses to be incurred by the Company for filing an application and payment of listing fees for the listing of its common stock on the OTCQB tier of the OTC Markets. The principal amount of the loan will become due in full in the event the Company’s controlling shareholder fails to enter into an agreement to sell his shares to a third party or upon a breach by any such shareholder under the terms of such agreement (the “Maturity Date”). In the event the Company does not faithfully, and punctually perform all of its obligations under the terms of the promissory note, the lender may, at its option, (i) declare the entire unpaid principal balance of the promissory note together with accrued and unpaid interest at the highest lawful rate immediately due and payable; and (ii) pursue any other remedy available to lender at law or in equity. On August 22, 2016, the Former Chief Executive Officer repaid the promissory note in the amount of $12,500.

Note Payable - Related Party

Note Payable - Related Party	9 Months Ended
	Sep. 30, 2016
Note Payable - Related Party [Abstract]
NOTE PAYABLE - RELATED PARTY	NOTE 5 – NOTE PAYABLE – RELATED PARTY On April 21, 2015, the Company entered into an unsecured promissory note in the amount of $20,000 with its Former Chief Executive Officer. The note is due on April 21, 2017 and bears interest at a rate of 2% per annum. On August 22, 2016, The Former Chief Executive Officer forgave the promissory note in the amount of $20,000 and accrued interest of $478. The forgiveness of the loans and accrued interest has been treated as a capital contribution. Accrued interest at December 31, 2015 amounted to $278. (See note 7.) On October 8, 2015, the Company entered into an unsecured promissory note in the amount of $15,000 with its Former Chief Executive Officer. The note is due on October 8, 2017 and bears interest at a rate of 2% per annum. On August 22, 2016, The Former Chief Executive Officer forgave the promissory note in the amount of $20,000 and accrued interest of $218. The forgiveness of the loans and accrued interest has been treated as a capital contribution. Accrued interest at December 31, 2015 amounted to $69. (See note 7.)

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 6 – COMMITMENTS AND CONTINGENCIES On August 22, 2016, The Former Chief Executive Officer entered into a consulting agreement with the Company whereby he agreed to provide sales and customer service and collection of accounts receivable in exchange for the right to retain up to $4,000 of accounts receivable due the Company. The agreement is on an “at-will” basis and may be terminated by the Company after 30 days’ notice. As of September 30, 2016, the Company has received and paid the Former Chief Executive Officer $2,000.

Stockholders Equity

Stockholders Equity	9 Months Ended
	Sep. 30, 2016
Stockholders Equity [Abstract]
STOCKHOLDERS EQUITY	NOTE 7 – 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, 2016 and 2015, the Company imputed compensation of $1,625, $3,250, $1,625 and $4,872, respectively, for services provided by its Former Chief Executive Officer. On August 22, 2016, in connection with the sale of a controlling interest in the Company, its Former Chief Executive Officer of the Company entered into and closed on that certain Share Purchase Agreement (the “Agreements”) with Ms. Ping Zhang (“Ms. Zhang”), whereby Ms. Zhang purchased from the Seller a total of 5,000,000 shares of the Company’s common stock (the “Shares”) for an aggregate price of $228,400. In addition, The Former Chief Executive Officer agreed pay $25,186 of debts of the Company in addition to the cancellation of the $35,000 notes payable and accrued interest of $696. The Shares acquired represent approximately 90.37% of the issued and outstanding shares of common stock of the Company.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) the Company has analyzed its operations subsequent to the date these financial statements were issued, and has determined that it does not have any material events except as follows: Subsequent to September 30, 2016 a related party advanced $16,953 to pay invoices on behalf of the Company. The amounts are payable upon demand.

Summary of Significant Accoun14

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
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.
Fair value measurements and Fair value of Financial Instruments	C) 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	(D) 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. During the three and nine months ended September 30, 2016, 100% of the Company’s revenues was received from one customer.
Segments	(E) Segments The Company operates in one segment and therefore segment information is not presented.
Loss Per Share	F) 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, 2016 and 2015, the company has no dilutive securities.
Income Taxes	(G) 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	H) Reclassification Certain amounts from prior periods have been reclassified to conform to the current period presentation

Organization, Nature of Busin15

Organization, Nature of Business and Going Concern (Details) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Organization, Nature of Business and Going Concern (Textual)
Accumulated deficit	$ (154,884)		$ (112,071)
Cash used in operations	$ (33,699)	$ (45,977)

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016
Summary Of Significant Accounting Policies (Textual)
Percentage of revenue received from one customer	100.00%	100.00%

Note Payable (Details)

Note Payable (Details) - USD ($)	1 Months Ended	9 Months Ended
	Aug. 22, 2016	Sep. 30, 2016	Sep. 30, 2015	May 24, 2016
Short-term Debt [Line Items]
Unsecured amount borrowed from unrealted third party				$ 12,500
Repaid promissory note		$ 12,500
Chief Executive Officer [Member]
Short-term Debt [Line Items]
Repaid promissory note	$ 12,500

Note Payable - Realted Party (D

Note Payable - Realted Party (Details) - USD ($)	Oct. 08, 2015	Apr. 21, 2015	Sep. 30, 2016	Aug. 22, 2016	Dec. 31, 2015
Notes Payable - Related Party (Textual)
Accrued interest					$ 347
Chief Executive Officer [Member]
Notes Payable - Related Party (Textual)
Unsecured promissory note	$ 15,000	$ 20,000
Unsecured promissory note, rate of interest	2.00%	2.00%
Unsecured promissory note, due date	Oct. 8, 2017	Apr. 21, 2017
Accrued interest				$ 696
Unsecured Promissory One [Member]
Notes Payable - Related Party (Textual)
Accrued interest					278
Unsecured Promissory One [Member] | Chief Executive Officer [Member]
Notes Payable - Related Party (Textual)
Accrued interest				478
Related party promissory note				20,000
Unsecured Promissory Two [Member]
Notes Payable - Related Party (Textual)
Accrued interest					$ 69
Unsecured Promissory Two [Member] | Chief Executive Officer [Member]
Notes Payable - Related Party (Textual)
Accrued interest				218
Related party promissory note				$ 20,000

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	Sep. 30, 2016	Aug. 22, 2016
Chief Executive Officer [Member]
Commitments and Contingencies (Textual)
Accounts receivable	$ 2,000	$ 4,000

Stockholders Equity (Details)

Stockholders Equity (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 22, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
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	$ 1,625	$ 3,250	$ 4,875
Accrued interest						$ 347
Ms Zhang [Member]
Stockholders Equity (Textual)
Share sold to Ping Zhang	5,000,000
Aggregate price	$ 228,400
Chief Executive Officer
Stockholders Equity (Textual)
Debt	25,186
Accrued interest	696
Notes payable	$ 35,000
Common stock, outstanding shares	90.37%

Subsequent Events (Details)

Subsequent Events (Details)	Sep. 30, 2016USD ($)
Subsequent Events (Textual)
Related party advances	$ 16,953