Document and Entity Information
Document and Entity Information - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Jun. 30, 2016 | |
Document and Entity Information: | ||
Entity Registrant Name | Global Gard, Inc. | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2017 | |
Trading Symbol | gg | |
Amendment Flag | false | |
Entity Central Index Key | 1,627,631 | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 11,744,250 | |
Entity Public Float | $ 11,744 | |
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 | 2,017 | |
Document Fiscal Period Focus | Q1 |
Condensed Balance Sheets - Unau
Condensed Balance Sheets - Unaudited - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Current Assets | ||
Cash | $ 23 | $ 5,225 |
Total Current Assets | 23 | 5,225 |
Total Assets | 23 | 5,225 |
Current Liabilities | ||
Accounts Payable and Accrued Liabilities | 4,150 | 7,650 |
Due to related party | 11,550 | 8,000 |
Total Current Liabilities | 15,700 | 15,650 |
Total Liabilities | 15,700 | 15,650 |
Stockholders' Equity (Deficit) | ||
Capital Stock Issued and outstanding | 11,744 | 11,744 |
Additional Paid in Capital | 4,641 | 4,641 |
Accumulated Deficit | (32,062) | (26,810) |
Total Stockholders' Equity | (15,677) | (10,425) |
Total Liabilities and Stockholder's Equity (Deficit) | $ 23 | $ 5,225 |
Statement of Financial Position
Statement of Financial Position - Parenthetical - $ / shares | Mar. 31, 2017 | Dec. 31, 2016 |
Balance Sheets | ||
Common Stock, Par Value | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
Common Stock, Shares Issued | 11,744,250 | 11,744,250 |
Common Stock, Shares Outstanding | 11,744,250 | 11,744,250 |
Condensed Statement of Operatio
Condensed Statement of Operations - Unaudited - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Revenue | ||
Revenues | ||
Total Revenues | ||
Operating Expenses | ||
Office and General | 1,002 | 55 |
Professional Fees | 4,250 | 4,250 |
Total Expenses, before provision of income taxes | 5,252 | 4,305 |
Provision for income taxes | ||
Net Loss | $ (5,252) | $ (4,305) |
Basic and Diluted Loss per Common Share | ||
Weighted Average Number of Common Shares Outstanding | 11,744,250 | 11,500,000 |
Statement of Cash Flows - Unaud
Statement of Cash Flows - Unaudited - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Operating Activities | ||
Net Loss | $ (5,252) | $ (4,305) |
Adjustments to Reconcile Net Loss to net cash used in Operating Activities: | ||
Expenses paid on company's behalf by related party | ||
Increase (Decrease) in Accrued Expenses | (3,500) | 750 |
Net Cash Provided by (Used in) Operating Activities | (8,752) | (3,555) |
Financing Activities | ||
Proceeds from Sale of Common Stock | ||
Loan from related party | 3,550 | |
Net Cash Provided by Financing Activities | 3,550 | |
Net Increase (Decrease) in Cash | (5,202) | (3,555) |
Cash beginning of period | 5,225 | 4,258 |
Cash end of period | 23 | 703 |
Supplemental cash flow information and noncash financing activities: | ||
Interest | ||
Income taxes |
Note 1 - Condensed Financial St
Note 1 - Condensed Financial Statements | 3 Months Ended |
Mar. 31, 2017 | |
Notes | |
Note 1 - Condensed Financial Statements | NOTE 1 CONDENSED FINANCIAL STATEMENTS The Company was incorporated in the State of Nevada as a for-profit Company on July 16, 2014 and established a fiscal year end of December 31. The Company intends to develop security applications for smartphones (apps). We have not developed any apps. All activities of the Company to date relate to its organization, initial funding and share issuances. In the opinion of management, the accompanying balance sheets and related interim statements of income, cash flows, and stockholders equity include all adjustments, consisting only of normal recurring items, necessary for their fair presentation in accordance with accounting principles generally accepted in the United States of America (US GAAP). Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from managements estimates and assumptions. Interim results are not necessarily indicative of results for a full year. The information included in this Form 10-Q should be read in conjunction with information included in the Form 10-K . |
Note 2 - Going Concern
Note 2 - Going Concern | 3 Months Ended |
Mar. 31, 2017 | |
Notes | |
Note 2 - Going Concern | NOTE 2 GOING CONCERN The Companys financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $15,677 , an accumulated deficit of $32,062 . The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The Company is funding its initial operations by way of issuing Founders shares. The officers and directors have committed to advancing certain operating costs of the Company, including Legal, Audit, Transfer Agency and Edgarizing costs. |
Note 3 - Capital Stock
Note 3 - Capital Stock | 3 Months Ended |
Mar. 31, 2017 | |
Notes | |
Note 3 - Capital Stock | NOTE 3 - CAPITAL STOCK The Companys capitalization is 200,000,000 common shares with a par value of $0.001 per share. No preferred shares have been authorized or issued. On July 16, 2014, the Company issued 1,435,000 Founders shares for cash at $0.0001 per share. On August 18, 2014 the Company issued a further 10,065,000 Founders shares for cash at $0.001 per share. On March 31, 2017 and on December 31, 2016, the Company had 11,744,250 common shares issued and outstanding. |
Note 4 - Recent Accounting Pron
Note 4 - Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2017 | |
Notes | |
Note 4 - Recent Accounting Pronouncements | NOTE 4 - RECENT ACCOUNTING PRONOUNCEMENTS The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the companys financial statement. |
Note 5 - Subsequent Events
Note 5 - Subsequent Events | 3 Months Ended |
Mar. 31, 2017 | |
Notes | |
Note 5 - Subsequent Events | NOTE 5 - SUBSEQUENT EVENTS The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and has determined that there are no further events to disclose. |
Note 2 - Going Concern (Details
Note 2 - Going Concern (Details) | Mar. 31, 2017USD ($) |
Details | |
Capital | $ 15,677 |
Cumulative Earnings (Deficit) | $ 32,062 |
Note 3 - Capital Stock (Details
Note 3 - Capital Stock (Details) - $ / shares | Mar. 31, 2017 | Dec. 31, 2016 | Aug. 18, 2014 | Jul. 16, 2014 |
Details | ||||
Common shares | 200,000,000 | |||
Common Stock, No Par Value | $ 0.001 | |||
Shares, Issued | 10,065,000 | 1,435,000 | ||
Shares Issued, Price Per Share | $ 0.001 | $ 0.0001 | ||
Common shares issued and outstanding | 11,744,250 | 11,744,250 |