Armada Enterprises (BMHM) 10-K 11 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Jun. 30, 2014
Document and Entity Information:
Entity Registrant Name	Bim Homes, Inc.
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Entity Central Index Key	1,644,889
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	2,590,000
Entity Public Float		$ 259,000
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY

Statement of Financial Position

Statement of Financial Position - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets, Current
Cash and Cash Equivalents, at Carrying Value	$ 0	$ 0
Assets, Current	0	0
Assets, Noncurrent
Assets	0	0
Liabilities, Current
AccountsPayableAndAccruedLiabilities	750
ConvertibleNotesPayable	13,140
Accrued Liabilities, Current	0	0
Liabilities, Current	13,890	0
Liabilities, Noncurrent
Liabilities	13,890	0
Common Stock, Value, Issued	259	258
Retained Earnings (Accumulated Deficit)	(14,149)	(258)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(13,890)
Liabilities and Equity	$ 0	$ 0

Statement of Financial Positio3

Statement of Financial Position - Parenthetical - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Balance Sheets
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares Issued	2,590,000	2,580,000
Common Stock, Shares Outstanding	2,590,000	2,580,000

Statement of Income

Statement of Income - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenues
Sales Revenue, Services, Net	$ 0	$ 0
Revenues	0	0
Cost of Revenue
Gross Profit	0	0
Operating Expenses
General and Administrative Expense	13,891	258
Operating Expenses	13,891	258
Operating Income (Loss)	(13,891)	(258)
Interest and Debt Expense
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(13,891)	(258)
Income Tax Expense (Benefit)
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	(13,891)	(258)
Net Income (Loss) Attributable to Parent	$ (13,891)	$ (258)
Earnings Per Share
Earnings Per Share, Basic	$ (0.005)	$ 0
Weighted Average Number of Shares Outstanding, Basic	2,585,833	2,580,000
Earnings Per Share, Diluted	$ (0.01)	$ 0
Weighted Average Number of Shares Outstanding, Diluted	2,585,833	2,580,000

Statement of Shareholders' Equi

Statement of Shareholders' Equity and Other Comprehensive Income - 12 months ended Dec. 31, 2015 - USD ($)	Common Stock	Retained Earnings	Total
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2014	$ 258	$ (258)
Shares, Outstanding at Dec. 31, 2014	2,580,000		2,580,000
StockIssuedDuringPeriodValueIssuedForServices	$ 1		$ 1
Stock Issued During Period Shares Issued For Services	10,000		10,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		(13,891)	$ (13,891)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Dec. 31, 2015	$ 259	$ (14,149)	$ (13,890)
Shares, Outstanding at Dec. 31, 2015	2,590,000		2,590,000

Statement of Cash Flows

Statement of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net Cash Provided by (Used in) Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (13,891)	$ (258)
Net Income (Loss) Attributable to Parent	(13,891)	(258)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities
Issuance of Stock and Warrants for Services or Claims	1	258
Increase (Decrease) in Accounts Payable and Accrued Liabilities	750
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	751	258
Net Cash Provided by (Used in) Operating Activities	(13,140)	0
Net Cash Provided by (Used in) Financing Activities
Proceeds from (Repayments of) Notes Payable	13,140
Net Cash Provided by (Used in) Financing Activities	13,140
Cash and Cash Equivalents, Period Increase (Decrease)	0	0
Cash and Cash Equivalents, at Carrying Value	$ 0	$ 0

Note 1. Nature and Background o

Note 1. Nature and Background of Business	12 Months Ended
	Dec. 31, 2015
Notes
Note 1. Nature and Background of Business	NOTE 1. NATURE AND BACKGROUND OF BUSINESS BIM Homes, Inc. ("the Company" or "the Issuer") was organized under the laws of the State of Delaware on March 6, 2014. The Company was established as part of the Chapter 11 reorganization of Pacific Shores Development, Inc. ("PSD"). Under PSD's Plan of Reorganization, as confirmed by the U.S. Bankruptcy Court for the Southern District of California, the Company was incorporated to: (1) receive and own the interest which PSD had in a development business which focused on the construction of low cost homes; and (2) issue shares of its common stock to PSD's general unsecured creditors and its administrative creditors. The Company has been in the development stage since its formation and has not yet realized any revenues from its planned operations. NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. BASIS OF PRESENTATION The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"), and include all the notes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation of the financial statements have been included. b. LOSS PER SHARE The Company computes net loss per share in accordance with the FASB Accounting Standards Codification ("ASC"). The ASC specifies the computation, presentation and disclosure requirements for loss per share for entities with publicly held common stock. Basic loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. The equity instruments such as warrants were not included in the loss per share calculations because the inclusion would have been anti-dilutive. f. BASIC AND DILUTED NET LOSS PER SHARE Net loss per share is calculated in accordance with Codification topic 260, “Earnings Per Share” for the periods presented. Basic net loss per share is computed using the weighted average number of common shares outstanding. Diluted loss per share has not been presented because the common stock equivalents resulting from the issuance of these convertible notes have not been included in the per share calculations because such inclusion would be anti-dilutive. Diluted earnings loss per share is based on the assumption that all dilutive stock options, warrants, and convertible debt are converted or exercised applying the treasury stock method. Under this method, options and warrants are assumed exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Options, warrants and/or convertible debt will have a dilutive effect, during periods of net profit, only when the average market price of the common stock during the period exceeds the exercise or conversion price of the items. c. USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles 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. d. CASH and CASH EQUIVALENT For the Balance Sheet and Statements of Cash Flows, all highly liquid investments with maturity of three months or less are considered to be cash equivalents. The Company had no cash equivalents as of December 31, 2015. e. INCOME TAXES Income taxes are provided in accordance with the FASB Accounting Standards Classification. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. g. SHARE-BASED COMPENSATION Codification topic 718 “Stock Compensation” requires that the cost resulting from all share-based transactions be recorded in the financial statements and establishes fair value as the measurement objective for share-based payment transactions with employees and acquired goods or services from non-employees. The codification also provides guidance on valuing and expensing these awards, as well as disclosure requirements of these equity arrangements. The Company adopted the codification upon creation of the Company and will expense share based costs in the period incurred. The Company has not adopted a stock option plan or completed a share-based transaction; accordingly no stock-based compensation has been recorded to date. h. IMPACT OF NEW ACCOUNTING STANDARDS The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company's results of operations, financial position, or cash flow.

Substantial Doubt about Going C

Substantial Doubt about Going Concern	12 Months Ended
	Dec. 31, 2015
Notes
Substantial Doubt about Going Concern	NOTE 3. GOING CONCERN The Company's 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. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. Currently, the Company does not have significant cash or other material assets, nor does it have operations or a source of revenue sufficient to cover its operation costs and allow it to continue as a going concern. The ability to continue as a going concern is dependent upon the Company’s ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. The president and secretary have committed to advancing certain operating costs of the Company. The Company's future operations are dependent upon external funding and its ability to execute its business plan, realize sales and control expenses. Management believes that sufficient funding will be available from additional borrowings and private placements to meet its business objectives including anticipated cash needs for working capital, for a reasonable period of time. However, there can be no assurance that the Company will be able to obtain sufficient funds to continue the development of its business operation, or if obtained, upon terms favorable to the Company.

Stockholders' Equity Note Discl

Stockholders' Equity Note Disclosure	12 Months Ended
	Dec. 31, 2015
Notes
Stockholders' Equity Note Disclosure	NOTE 4. COMMON STOCK AND PREFERRED STOCK As of December 31, 2015 the authorized share capital of the Company consisted of 100,000,000 shares of common stock with $0.0001 par value, and 20,000,000 shares of preferred stock also with $0.0001 par value. No other classes of stock are authorized. COMMON STOCK: As of December 31, 2015 there were a total of 2,590,000 common shares issued and outstanding. The Company's first issuance of common stock, totaling 580,000 shares, took place on March 6, 2014 pursuant to the Chapter 11 Plan of Reorganization confirmed by the U.S. Bankruptcy Court in the matter of Pacific Shores Development, Inc. ("PSD"). The Court ordered the distribution of shares in the Company to all general unsecured creditors of PSD, with these creditors to receive their PRO RATA share (according to amount of debt held) of a pool of 80,000 shares in the Company. The Court also ordered the distribution of shares in the Company to all administrative creditors of PSD, with these creditors to receive one share of common stock in the Company for each $0.10 of PSD's administrative debt which they held. A total of 500,000 shares were issued to PSD’s administrative creditors. The Court also ordered the distribution of two million five hundred thousand warrants in the Company to all administrative creditors of PSD, with these creditors to receive five warrants in the Company for each $0.10 of PSD's administrative debt which they held. These creditors received an aggregate of 2,500,000 warrants consisting of 500,000 "A Warrants" each convertible into one share of common stock at an exercise price of $4.00; 500,000 "B Warrants" each convertible into one share of common stock at an exercise price of $5.00; 500,000 "C Warrants" each convertible into one share of common stock at an exercise price of $6.00; 500,000 "D Warrants" each convertible into one share of common stock at an exercise price of $7.00; and 500,000 "E Warrants" each convertible into one share of common stock at an exercise price of $8.00. All warrants are exercisable at any time prior to August 30, 2016. As of the date of this report, no warrants have been exercised. On March 6, 2014 the Company issued a total of 2,000,000 common shares to its President and a director for services at par value. 3/6/2014 Shares issued per court order 580,000.00 Warrants issued 2,500,000.00 Shares issued for services 2,000,000.00 On June 1, 2015 the Company issued a total of 10,000 common shares to its Secretary and Treasurer and a director for services at par value. As a result of these issuances there were a total 2,590,000 common shares issued and outstanding, and a total of 2,500,000 warrants to acquire common shares issued and outstanding, at December 31, 2015. PREFERRED STOCK: The authorized share capital of the Company includes 20,000,000 shares of preferred stock with $0.0001 par value. As of December 31, 2015 no shares of preferred stock had been issued and no shares of preferred stock were outstanding. NOTE 7. WARRANTS On March 6, 2014 (inception), the Company issued 2,500,000 warrants exercisable into 2,500,000 shares of the Company's common stock. These warrants were issued per order of the U.S. Bankruptcy Court to the administrative creditors of PSD. These creditors received an aggregate of 2,500,000 warrants issued in the series and exercise prices as set forth above at Note 4. As of the date of this report, no warrants have been exercised.

Income Tax Disclosure

Income Tax Disclosure	12 Months Ended
	Dec. 31, 2015
Notes
Income Tax Disclosure	NOTE 5. INCOME TAXES The Company has had no business activity and made no U.S. federal income tax provision since its inception on March 6, 2014.

Related Party Transactions Disc

Related Party Transactions Disclosure	12 Months Ended
	Dec. 31, 2015
Notes
Related Party Transactions Disclosure	NOTE 6. RELATED PARTY TRANSACTIONS As set forth in Note 4 above, on March 6, 2014 a total of 2,000,000 common shares were issued to the Company's President for services, and on June 1, 2015 a total of 10,000 common shares were issued to the Company’s Secretary and Treasurer for services. During the year ended December 31, 2015 the President advanced a total of $13,140 to the Company to cover expenses and the Company issued the President three convertible notes. During the three months ended December 31, 2015 the President advanced $6,980 to cover expenses paid during that quarter. The Company issued the President a three years convertible note for the sum of $6,980 at zero interest, convertible into one share of common stock per $0.01 of loan principal. Thus the Note is convertible into a total of 698,000 shares of common stock. During the three months ended September 30, 2015 the President advanced $1,660 to cover expenses paid during that quarter. The Company issued the President a three years convertible note for the sum of $1,660 at zero interest, convertible into one share of common stock per $0.01 of loan principal. Thus the Note is convertible into a total of 166,000 shares of common stock. During the three months ended June 30, 2015 the President advanced $4,500 to cover expenses paid during that quarter. The Company issued the President a three years convertible note for the sum of $4,500 at zero interest, convertible into one share of common stock per $0.01 of loan principal. Thus the Note is convertible into a total of 450,000 shares of common stock. As a result of these three Note issuances there are now a total of $13,140 in Notes Payable to a related party, convertible into a total of 1,314,000 shares of common stock. As of December 31, 2015 no convertible had been converted. The Company neither owns nor leases any real or personal property.

Commitments and Contingencies D

Commitments and Contingencies Disclosure	12 Months Ended
	Dec. 31, 2015
Notes
Commitments and Contingencies Disclosure	NOTE 8. COMMITMENT AND CONTIGENTCY There is no commitment or contingency to disclose during the period ended December 31, 2015.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Notes
Subsequent Events	NOTE 9. SUBSEQUENT EVENTS On February 11, 2016 the Company issued a total of 40,000 restricted shares of its common stock to five individuals: 20,000 restricted shares of its common stock to Konstantin Zecevic; 5,000 restricted shares of its common stock to Frances Munro; 5,000 restricted shares of its common stock to Joseph LeBlanc; 5,000 restricted shares of its common stock to Gulten Balaban Umancan; and 5,000 restricted shares of its common stock to Muzeyyen Balaban. All of these issuances were for services at par value (0.0001 per share).

Note 1. Nature and Background14

Note 1. Nature and Background of Business: A. Basis of Presentation (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
A. Basis of Presentation	a. BASIS OF PRESENTATION The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"), and include all the notes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation of the financial statements have been included.

Note 1. Nature and Background15

Note 1. Nature and Background of Business: Earnings Per Share, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Earnings Per Share, Policy	b. LOSS PER SHARE The Company computes net loss per share in accordance with the FASB Accounting Standards Codification ("ASC"). The ASC specifies the computation, presentation and disclosure requirements for loss per share for entities with publicly held common stock. Basic loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. The equity instruments such as warrants were not included in the loss per share calculations because the inclusion would have been anti-dilutive. f. BASIC AND DILUTED NET LOSS PER SHARE Net loss per share is calculated in accordance with Codification topic 260, “Earnings Per Share” for the periods presented. Basic net loss per share is computed using the weighted average number of common shares outstanding. Diluted loss per share has not been presented because the common stock equivalents resulting from the issuance of these convertible notes have not been included in the per share calculations because such inclusion would be anti-dilutive. Diluted earnings loss per share is based on the assumption that all dilutive stock options, warrants, and convertible debt are converted or exercised applying the treasury stock method. Under this method, options and warrants are assumed exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Options, warrants and/or convertible debt will have a dilutive effect, during periods of net profit, only when the average market price of the common stock during the period exceeds the exercise or conversion price of the items.

Note 1. Nature and Background16

Note 1. Nature and Background of Business: Use of Estimates, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Use of Estimates, Policy	c. USE OF ESTIMATES The preparation of financial statements in conformity with generally accepted accounting principles 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.

Note 1. Nature and Background17

Note 1. Nature and Background of Business: Cash and Cash Equivalents, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Cash and Cash Equivalents, Policy	d. CASH and CASH EQUIVALENT For the Balance Sheet and Statements of Cash Flows, all highly liquid investments with maturity of three months or less are considered to be cash equivalents. The Company had no cash equivalents as of December 31, 2015.

Compensation Related Costs, Pol

Compensation Related Costs, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
Compensation Related Costs, Policy	g. SHARE-BASED COMPENSATION Codification topic 718 “Stock Compensation” requires that the cost resulting from all share-based transactions be recorded in the financial statements and establishes fair value as the measurement objective for share-based payment transactions with employees and acquired goods or services from non-employees. The codification also provides guidance on valuing and expensing these awards, as well as disclosure requirements of these equity arrangements. The Company adopted the codification upon creation of the Company and will expense share based costs in the period incurred. The Company has not adopted a stock option plan or completed a share-based transaction; accordingly no stock-based compensation has been recorded to date.

New Accounting Pronouncements,

New Accounting Pronouncements, Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Policies
New Accounting Pronouncements, Policy	h. IMPACT OF NEW ACCOUNTING STANDARDS The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company's results of operations, financial position, or cash flow.

Stockholders' Equity Note Dis20

Stockholders' Equity Note Disclosure (Details)	Mar. 06, 2014shares
Details
Shares issued per court order	580,000
Warrants issued	2,500,000
Shares issued for services	2,000,000

Uncategorized Items - bimh-2015

Label	Element	Value
Stock Issued During Period, Shares, Other	us-gaap_StockIssuedDuringPeriodSharesOther	580,000
Stock Issued During Period Shares Issued For Services	us-gaap_StockIssuedDuringPeriodSharesIssuedForServices	2,000,000
Stock Issued During Period, Value, Other	us-gaap_StockIssuedDuringPeriodValueOther	$ 58
StockIssuedDuringPeriodValueIssuedForServices	us-gaap_StockIssuedDuringPeriodValueIssuedForServices	$ 200
Common Stock
Stock Issued During Period, Shares, Other	us-gaap_StockIssuedDuringPeriodSharesOther	580,000
Stock Issued During Period Shares Issued For Services	us-gaap_StockIssuedDuringPeriodSharesIssuedForServices	2,000,000
Stock Issued During Period, Value, Other	us-gaap_StockIssuedDuringPeriodValueOther	$ 58
StockIssuedDuringPeriodValueIssuedForServices	us-gaap_StockIssuedDuringPeriodValueIssuedForServices	200
Retained Earnings
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	$ (258)