EvaMedia 10-K 30 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 30, 2017	Jun. 30, 2016
Document And Entity Information
Entity Registrant Name	EverythingAmped Corp
Entity Central Index Key	1,634,413
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer	No
Is Entity a Voluntary Filer	No
Is Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		3,992,491
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents
TOTAL CURRENT ASSETS
TOTAL ASSETS
CURRENT LIABILITIES:
Accounts payable and accrued expenses	3,636	2,563
TOTAL CURRENT LIABILITIES	3,636	2,563
Commitments and Contingencies
STOCKHOLDERS’ DEFICIT:
Preferred stock, $0.0001 par value; 20,000,000 shares authorized; none issued and outstanding as of December 31, 2016 and December 31, 2015, respectively
Common stock, $0.0001 par value; 100,000,000 shares authorized; 3,500,000 shares issued and outstanding as of December 31, 2016 and December 31, 2015, respectively	350	350
Additional paid-in capital	51,826	1,112
Accumulated deficit	(55,812)	(4,025)
TOTAL STOCKHOLDERS’ DEFICIT	(3,636)	(2,563)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares, issued	3,500,000	3,500,000
Common stock, shares, outstanding	3,500,000	3,500,000

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
REVENUE
OPERATING EXPENSES
General and administrative expenses	51,787	4,025
TOTAL OPERATING EXPENSES	51,787	4,025
LOSS FROM OPERATIONS	(51,787)	(4,025)
OTHER INCOME (EXPENSE)
TOTAL OTHER INCOME (EXPENSE)
LOSS BEFORE INCOME TAXES	(51,787)	(4,025)
INCOME TAX EXPENSE
NET LOSS	$ (51,787)	$ (4,025)
BASIC AND DILUTED NET LOSS PER COMMON SHARE	$ 0	$ 0
BASIC AND DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING	3,500,000	14,423,513

Statement of Changes in Shareho

Statement of Changes in Shareholders' Deficit - USD ($)	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Jan. 11, 2015
Balance, shares at Jan. 11, 2015
Issuance of common stock - former officers	$ 2,000	(2,000)
Issuance of common stock - former officers, shares	20,000,000
Redemption of common stock - former officers	$ (1,950)	1,950
Redemption of common stock - former officers, shares	(19,500,000)
Issuance of common stock - to officer	$ 300	(300)
Issuance of common stock - to officer, shares	3,000,000
Capital contribution - expenses paid by officer		1,462		1,462
Net loss for the period			(4,025)	(4,025)
Balance at Dec. 31, 2015	$ 350	1,112	(4,025)	(2,563)
Balance, shares at Dec. 31, 2015	3,500,000
Capital contribution - expenses paid by officer		50,714		50,714
Net loss for the period			(51,787)	(51,787)
Balance at Dec. 31, 2016	$ 350	$ 51,826	$ (55,812)	$ (3,636)
Balance, shares at Dec. 31, 2016	3,500,000

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (51,787)	$ (4,025)
Adjustments to Reconcile Net loss to Net Cash Used in Operating Activities:
Expenses paid by officer and contributed as capital	50,714	1,462
Changes in Assets and Liabilities:
Accounts payable and accrued expenses	1,073	2,563
NET CASH USED IN OPERATING ACTIVITIES
NET CHANGE IN CASH
CASH AT BEGINNING OF YEAR
CASH AT END OF YEAR
Supplemental Disclosure of Cash Flow Information
Interest
Income Tax
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Common stock issued to founders		2,000
Redemption of common stock cancelled		(1,950)
Common stock issued in change in control		$ 300

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	NOTE 1 - NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NATURE OF OPERATIONS EverythingAmped Corporation (formerly Brown Grotto Acquisition Corporation) or “the Company” was incorporated on January 12, 2015 under the laws of the state of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. On September 15, 2015, the Company effected a change in control by the redemption of 19,500,000 shares of the then outstanding 20,000,000 shares of common stock. The then current officers and directors resigned and David Boulette was named the sole officer and director of the Company. Pursuant to the change in control the Company changed its name to EverythingAmped Corporation. On September 16, 2015, the Company issued 3,000,000 shares of common stock to Mr. Boulette. The Company intends to develop, either through a business combination with an ongoing company or an online company offering, owned and operated web sites and hundreds of mobile apps integrated exclusively to build a custom Demand Side Platform. This platform will provide unparalleled online advertising opportunities to companies of all sizes. The Company will attempt to locate and negotiate with a business entity for the combination of that target company with EverythingAmped. The combination is expected to take the form of a merger, a stock-for-stock exchange or stock-for-assets exchange. In most instances the target company will wish to structure the business combination to be within the definition of a tax-free reorganization under Section 351 or Section 368 of the Internal Revenue Code of 1986, as amended. No assurances can be given that the Company will be successful in locating or negotiating with any target company. The Company has been formed to provide a method for a foreign or domestic private company to become a reporting company with a class of securities registered under the Securities Exchange Act of 1934. BASIS OF PRESENTATION The summary of significant accounting policies presented below is designed to assist in understanding the Company’s financial statements. Such financial statements and accompanying notes are the representations of the Company’s management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects, and have been consistently applied in preparing the accompanying financial statements. The Company has not earned any revenue from operations since inception. USE OF ESTIMATES 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 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 periods. Actual results could differ from those estimates. CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of 90 days or less. The Company did not have cash equivalents as of December 31, 2016. CONCENTRATION OF RISK Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company places its cash with high quality banking institutions. The Company did not have cash balances in excess of the Federal Deposit Insurance Corporation limit as of December 31, 2016. INCOME TAXES Under ASC 740, “Income Taxes,” deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary 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. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized. As of December 31, 2016 there were no deferred taxes due to the uncertainty of the realization of net operating loss or carry forward prior to expiration. LOSS PER COMMON SHARE Basic loss per common share excludes dilution and is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted loss per common share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the entity. As of December 31, 2016, there are no outstanding dilutive securities. FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows guidance for accounting for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Additionally, the Company adopted guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the financial statements on a nonrecurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. The carrying amounts of financial assets such as cash approximate their fair values because of the short maturity of these instruments.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE 2 - GOING CONCERN The Company has not yet generated any revenue since inception to date and has sustained an operating loss of $51,787 in the year ended December 31, 2016. The Company had no working capital and an accumulated deficit of $55,812 as of December 31, 2016. The Company’s continuation as a going concern is dependent on its ability to generate sufficient cash flows from operations to meet its obligations and/or obtaining additional financing from its members or other sources, as may be required. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern; however, the above condition raises substantial doubt about the Company’s ability to do so. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern. In order to maintain its current level of operations, the Company will require additional working capital from either cash flow from operations or from the sale of its equity. However, the Company currently has no commitments from any third parties for the purchase of its equity. If the Company is unable to acquire additional working capital, it will be required to significantly reduce its current level of operations.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2016
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS In February 2016, the FASB issued ASU 2016-02, “Leases,”

Stockholders' Deficit

Stockholders' Deficit	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Stockholders' Deficit	NOTE 4 - STOCKHOLDERS’ DEFICIT The Company is authorized to issue 100,000,000 shares of common stock and 20,000,000 shares of preferred stock. As of December 31, 2016, 3,500,000 shares of common stock and no preferred stock were issued and outstanding. On January 22, 2015, the Company issued 20,000,000 founders common stock to two directors and officers. On September 15, 2015, the Company redeemed and cancelled 19,500,000 of the then outstanding 20,000,000 shares. On September 16, 2015, the Company issued 3,000,000 shares to David Boulette (CEO) as part of the change in control of the Company. During the period ending December 31, 2016, the Sole Officer paid for Company operating expenses as a capital contribution in the amount of $51,051, which has been recorded as additional paid-in capital .

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 5 – INCOME TAXES A reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows: 2016 2015 Net loss before income taxes $ (51,787 ) $ (4,025 ) Income tax rate 0.34 0.34 Income tax recovery (17,607 ) (1,369 ) Non-deductible - - Valuation allowance change 17,607 1,369 Provision for income taxes $ - $ - The significant components of deferred income tax assets at December 31, 2016 and December 31, 2015 are as follows: 2016 2015 Net operating loss carry-forward $ 18,976 $ 1,369 Valuation allowance (18,976 ) (1,369 ) Net deferred income tax asset $ - $ - The amount taken into income as deferred income tax assets must reflect that portion of the income tax loss carry forwards that is more likely-than-not to be realized from future operations. The Company has chosen to provide a full valuation allowance against all available income tax loss carry forwards. The Company has recognized a valuation allowance for the deferred income tax asset since the Company cannot be assured that it is more likely than not that such benefit will be utilized in future years. The valuation allowance is reviewed annually. When circumstances change and which cause a change in management’s judgment about the realizability of deferred income tax assets, the impact of the change on the valuation allowance is generally reflected in current income. As of December 31, 2016, the Company has no unrecognized income tax benefits. The Company’s policy for classifying interest and penalties associated with unrecognized income tax benefits is to include such items as tax expense. No interest or penalties have been recorded during the period ended December 31, 2016 and no interest or penalties have been accrued as of December 31, 2016. As of December 31, 2016, the Company did not have any amounts recorded pertaining to uncertain tax positions. The tax years from 2015 and forward remain open to examination by federal and state authorities due to net operating loss and credit carryforwards. The Company is currently not under examination by the Internal Revenue Service or any other taxing authorities.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	NOTE 6 – SUBSEQUENT EVENTS On February 16, 2017, EverythingAmped, Inc. (the “Company”) consummated a private placement of 492,491 restricted shares of its common stock to seven accredited investors at a purchase price of $0.45 per share for a total purchase price of $221,621. The Company is in the process of obtaining a transfer agent to issue the shares. As of the date of filing, these shares have not been issued.

Nature of Operations and Summ13

Nature of Operations and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION The summary of significant accounting policies presented below is designed to assist in understanding the Company’s financial statements. Such financial statements and accompanying notes are the representations of the Company’s management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects, and have been consistently applied in preparing the accompanying financial statements. The Company has not earned any revenue from operations since inception.
Use of Estimates	USE OF ESTIMATES 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 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 periods. Actual results could differ from those estimates.
Cash and Cash Equivalents	CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of 90 days or less. The Company did not have cash equivalents as of December 31, 2016.
Concentration of Risk	CONCENTRATION OF RISK Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company places its cash with high quality banking institutions. The Company did not have cash balances in excess of the Federal Deposit Insurance Corporation limit as of December 31, 2016.
Income Taxes	INCOME TAXES Under ASC 740, “Income Taxes,” deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary 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. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized. As of December 31, 2016 there were no deferred taxes due to the uncertainty of the realization of net operating loss or carry forward prior to expiration.
Loss Per Common Share	LOSS PER COMMON SHARE Basic loss per common share excludes dilution and is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted loss per common share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the entity. As of December 31, 2016, there are no outstanding dilutive securities.
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows guidance for accounting for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Additionally, the Company adopted guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the financial statements on a nonrecurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. The carrying amounts of financial assets such as cash approximate their fair values because of the short maturity of these instruments.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Reconciliation of Provision for Income Taxes at United States Federal Statutory Rate	A reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows: 2016 2015 Net loss before income taxes $ (51,787 ) $ (4,025 ) Income tax rate 0.34 0.34 Income tax recovery (17,607 ) (1,369 ) Non-deductible - - Valuation allowance change 17,607 1,369 Provision for income taxes $ - $ -
Schedule of Components of Deferred Income Tax Assets	The significant components of deferred income tax assets at December 31, 2016 and December 31, 2015 are as follows: 2016 2015 Net operating loss carry-forward $ 18,976 $ 1,369 Valuation allowance (18,976 ) (1,369 ) Net deferred income tax asset $ - $ -

Nature of Operations and Summ15

Nature of Operations and Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Sep. 16, 2015	Sep. 15, 2015	Dec. 31, 2016	Dec. 31, 2015	Jan. 11, 2015
Common stock shares outstanding			3,500,000	3,500,000
Cash and cash equivalents
Cash balances in excess of Federal Deposit Insurance Corporation limit
Deferred taxes
Dilutive securities
David Boulette [Member]
Redemption of common stock, shares		19,500,000
Common stock shares outstanding		20,000,000
Number of common stock shares issued	3,000,000

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 51,787	$ 4,025
Working capital
Accumulated deficit	$ 55,812	$ 4,025

Stockholders' Deficit (Details

Stockholders' Deficit (Details Narrative) - USD ($)	Sep. 16, 2015	Sep. 15, 2015	Jan. 22, 2015	Dec. 31, 2016	Dec. 31, 2015
Common stock, shares authorized				100,000,000	100,000,000
Preferred stock, shares authorized				20,000,000	20,000,000
Common stock, shares, issued				3,500,000	3,500,000
Common stock, shares, outstanding				3,500,000	3,500,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Expenses paid by officer and contributed as capital				$ 50,714	$ 1,462
Two Directors and Officers [Member]
Number of common stock shares issued			20,000,000
David Boulette [Member]
Common stock, shares, outstanding		20,000,000
Number of common stock shares issued	3,000,000
Redemption of common stock, shares		19,500,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2016USD ($)
Income Tax Disclosure [Abstract]
Unrecognized income tax benefits
Interest or penalties expenses
Uncertain tax positions

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of Provision for Income Taxes at United States Federal Statutory Rate (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Net loss before income taxes	$ (51,787)	$ (4,025)	$ (4,025)
Income tax rate	0.34%		0.34%
Income tax recovery	$ (17,607)		$ (1,369)
Non-deductible
Valuation allowance change	17,607		1,369
Provision for income taxes

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Deferred Income Tax Assets (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Net operating loss carry-forward	$ 18,976	$ 1,369
Valuation allowance	(18,976)	(1,369)
Net deferred income tax asset

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Feb. 16, 2017	Dec. 31, 2015
Stock issued during period, value
Subsequent Event [Member] | Seven Accredited Investors [Member] | Private Placement [Member] | Restricted Stock [Member]
Stock issued during period, shares	492,491
Share issued price per share	$ 0.45
Stock issued during period, value	$ 221,621