Document and Entity Information
Document and Entity Information - USD ($) | 9 Months Ended | |
Jul. 31, 2018 | Apr. 30, 2018 | |
Document and Entity Information: | ||
Entity Registrant Name | Arma Services Inc | |
Document Type | 10-Q | |
Document Period End Date | Jul. 31, 2018 | |
Trading Symbol | none | |
Amendment Flag | false | |
Entity Central Index Key | 1,625,285 | |
Current Fiscal Year End Date | --10-31 | |
Entity Common Stock, Shares Outstanding | 6,240,000 | |
Entity Public Float | $ 0 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | Yes | |
Entity Well-known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 |
Balance Sheets
Balance Sheets - USD ($) | Jul. 31, 2018 | Oct. 31, 2017 |
Assets, Current | ||
Cash and Cash Equivalents, at Carrying Value | $ 29 | $ 201 |
Assets, Current | 29 | 201 |
Assets, Noncurrent | ||
Website Development | 4,250 | 5,000 |
Assets | 4,279 | 5,201 |
Liabilities, Current | ||
Accounts Payable, Current | 5,000 | 5,000 |
Accrued Liabilities, Current | 1,650 | 0 |
Loans Payable, Current | 9,342 | 5,992 |
Liabilities, Noncurrent | ||
Liabilities | 15,992 | 10,992 |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | ||
Common Stock, Value, Issued | 6,240 | 6,240 |
Additional Paid in Capital, Common Stock | 20,160 | 20,160 |
Retained Earnings (Accumulated Deficit) | (38,113) | (32,191) |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $ (11,713) | $ (5,791) |
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures | ||
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares Issued | 6,240,000 | 6,240,000 |
Common Stock, Shares Outstanding | 6,240,000 | 6,240,000 |
Liabilities and Equity | $ 4,279 | $ 5,201 |
Balance Sheet - Parenthetical
Balance Sheet - Parenthetical - $ / shares | Jul. 31, 2018 | Oct. 31, 2017 |
Balance Sheets | ||
Common Stock, Par Value | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares Issued | 6,240,000 | 6,240,000 |
Statement of Operations
Statement of Operations - USD ($) | 3 Months Ended | 9 Months Ended | 15 Months Ended | |
Jul. 31, 2017 | Jul. 31, 2018 | Jul. 31, 2017 | Jul. 31, 2018 | |
Revenues | ||||
Revenues | $ 0 | $ 0 | $ 9,900 | $ 0 |
Amortization of Deferred Charges | ||||
Amortization of Intangible Assets | 0 | 750 | 0 | 250 |
Professional Fees | 7,211 | 5,000 | 23,670 | 5,000 |
Business Licenses and Permits, Operating | 0 | 0 | 0 | 0 |
General and Administrative Expense | 28 | 172 | 62 | 72 |
Total Operating Expenses | 7,239 | 5,922 | 23,732 | 5,322 |
Net loss from operations | (7,239) | (5,922) | (13,832) | (5,322) |
Interest and Debt Expense | ||||
Provision for Income Taxes (Benefit) | 0 | 0 | 0 | 0 |
Net Income (Loss) | $ (7,239) | $ (5,922) | $ (13,832) | $ (5,322) |
Earnings Per Share | ||||
Earnings Per Share, Basic and Diluted | $ 6,240,000 | $ 6,240,000 | $ 6,240,000 | $ 6,240,000 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 9 Months Ended | |
Jul. 31, 2018 | Jul. 31, 2017 | |
Net Cash Provided by (Used in) Operating Activities | ||
Net loss for the period | $ (5,922) | $ 13,832 |
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities | ||
Amortization | 750 | 0 |
Increase (Decrease) in Operating Liabilities | ||
Increase (Decrease) in Accrued Liabilities | (1,650) | (6,931) |
Net Cash Provided by (Used in) Operating Activities | (3,522) | (20,763) |
Net Cash Provided by (Used in) Investing Activities | ||
Prepaid expenses | 0 | 0 |
Net Cash Provided by (Used in) Investing Activities | 0 | 0 |
Net Cash Provided by (Used in) Financing Activities | ||
Proceeds from Issuance of Common Stock | 0 | 18,200 |
Repayment of Notes Receivable from Related Parties | 3,350 | 0 |
Net Cash Provided by (Used in) Financing Activities | 3,350 | 18,200 |
Cash and Cash Equivalents, Period Increase (Decrease) | (172) | (2,563) |
Cash and Cash Equivalents, at Carrying Value | 201 | 4,295 |
Cash and Cash Equivalents, at Carrying Value | $ 29 | $ 1,732 |
Note 1 - Organization and Natur
Note 1 - Organization and Nature of Business | 9 Months Ended |
Jul. 31, 2018 | |
Notes | |
Note 1 - Organization and Nature of Business | NOTE 1 ORGANIZATION AND NATURE OF BUSINESS Arma Services Inc. (the Company, we, us or our) was incorporated under the laws of the State of Nevada on September 2, 2014. Arma Services Inc. is a Destination Management Company (DMC), which aims to provide a full range of services in the field of Meeting, Incentive, Conference, and Exhibition (MICE) tourism in Russia for corporate customers from United States, China and internal Russian clients. We plan to create a variety of events for domestic and foreign companies, including; industry conferences and business meetings, dealer conferences for producers, motivational and incentive arrangements for key employees, and to organize participation in exhibitions and forums. |
Note 2 - Summary of Signifcant
Note 2 - Summary of Signifcant Accounting Policies | 9 Months Ended |
Jul. 31, 2018 | |
Notes | |
Note 2 - Summary of Signifcant Accounting Policies | NOTE 2 SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read in conjunction with the audited financial statements in the Company's Form 10-K for the year ended October 31, 2017 filed on February 24, 2018 and Management's Discussion and Analysis of Financial Condition and Results of Operations. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of; assets and liabilities, 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. Revenue Recognition The Company recognizes revenue in accordance with ASC 605-10 when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, prices are fixed or determinable, and collectability is reasonably assured. Commitments and Contingencies Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties, and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. Net Loss per Common Share Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of July 31, 2018 or 2017. As the Company has incurred losses for all periods, the impact of the common stock equivalents would be antidilutive, and therefore, are not included in the calculation. Recent Accounting Pronouncements The Company does not anticipate any recently released accounting standards pronouncements to have a significant impact on reported financial position or results of operations in these or future financial statements. |
Note 3 - Going Concern
Note 3 - Going Concern | 9 Months Ended |
Jul. 31, 2018 | |
Notes | |
Note 3 - Going Concern | NOTE 3 GOING CONCERN The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. However, the Company had negative revenues during the three and six months ended July 31, 2018 and has an accumulated deficit of $38,113. The Company currently has no working capital, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These factors raise substantial doubt about the ability of the Company to continue as a going concern. These financial statements do not include any adjustments related to the recovery or classification of assets or the amounts and classifications of liabilities that might be necessary should the company be unable to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of managements efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. |
Note 4 - Related Party Loans
Note 4 - Related Party Loans | 9 Months Ended |
Jul. 31, 2018 | |
Notes | |
Note 4 - Related Party Loans | NOTE 4 RELATED PARTY LOANS In support of the Companys efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. As of July 31, 2018, the Company had a loan outstanding with the Companys sole director, Mr. Sergey Gandin in the amount of $9,342 compared to $5,992 as of October 31, 2017. The loan is non-interest bearing, due upon demand, and unsecured. |
Note 5 - Common Stock
Note 5 - Common Stock | 9 Months Ended |
Jul. 31, 2018 | |
Notes | |
Note 5 - Common Stock | NOTE 5 COMMON STOCK The Company has 75,000,000, $0.001 par value shares of common stock authorized. As of July 31, 2018, the Company had 6,240,000 shares issued and outstanding. |
Note 6- Website Development
Note 6- Website Development | 9 Months Ended |
Jul. 31, 2018 | |
Notes | |
Note 6- Website Development | NOTE 6- WEBSITE DEVELOPMENT The Company has capitalized website development costs which is being amortized over an estimated useful life of 5 years. Amortization expense for the nine months ended July 31, 2018 and 2017 was $750 and $-0-, respectively. Accumulated amortization at July 31, 2018 and October 31, 2017 was $750 and $-0-, respectively. |
Note 7 - Commitments and Contin
Note 7 - Commitments and Contingencies | 9 Months Ended |
Jul. 31, 2018 | |
Notes | |
Note 7 - Commitments and Contingencies | NOTE 7 COMMITMENTS AND CONTINGENCIES The Company neither owns nor leases any real or personal property. An officer has provided office services without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officer and director are involved in other business activities and most likely will become involved in other business activities in the future. |
Note 8 - Subsequent Events
Note 8 - Subsequent Events | 9 Months Ended |
Jul. 31, 2018 | |
Notes | |
Note 8 - Subsequent Events | NOTE 8 SUBSEQUENT EVENTS In accordance with ASC 855, the Company has analyzed its operations subsequent to July 31, 2018 to the date these financial statements were issued and concluded there are no material subsequent events to disclose in these financial statements. |